Far Sw Se Community Dev Corp
Nonprofit profile at a glance
- EIN
- 522134061
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024
- Location
- Washington, DC, USA
- Phone
- 2023731054
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $64,727
- Expenses
- $65,000
- Assets
- $111,716
- Liabilities
- $28,923
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- GEORGE BROWN (CHAIRMAN)
- BERNADETTE TOLSON (VICE CHAIR)
- DORONETH WHITE (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create an economic development venture to spur economic growth and improve the quality of life in communities of the far southwest southeast Washington, dc.
What it reported doing in 2024
To promote environmental stewardship through economic development so as to ensure that the affected communities are afforded an opportunity to benefit from and faciliatate job creation, technology development, housing and entreprenuership.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 46
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -0.4%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 1.72; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: -26.2% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $65K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 43/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.