Redwood City Downtown Business Group

Nonprofit profile at a glance

EIN
300067243
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024
Location
Redwood City, CA, USA
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$106,489
Expenses
$71,927
Assets
$29,831
Liabilities
$11,141

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • KEVIN CAFFREY (PRESIDENT)
  • REGINA VAN BRUNT (EXECUTIVE DIRECTOR)

People named in this filing

  • KEVIN CAFFREY (PRESIDENT)
  • KEITH KADERA (BOARD MEMBER)
  • GREG GARCIA (BOARD MEMBER)

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

The Redwood City Downtown Business Group DBG is a non-profit organization that lends support and guidance to an economically viable downtown business district. The DBG is a relevant member of the downtown community a sponsor and host to many of the citys diverse musical and cultural celebrations.

What it reported doing in 2024

Sponsor and host community events that increase business awareness and profitability while attracting new patrons to the downtown.

Operating model

Revenue model
Other-operating. 92% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 51
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 32.5%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 65.5%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 19.2% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.