Resources for Community Development
Nonprofit profile at a glance
- EIN
- 942952466
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Berkeley, CA, USA
- Phone
- 5108414410
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $27,269,622
- Expenses
- $25,848,898
- Assets
- $104,268,343
- Liabilities
- $28,545,784
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- DAN SAWISLAK (CEO)
Highest reported compensation
- DAN SAWISLAK (CEO): $292,543 total reported compensation
- ERIC KNECHT (CFO): $207,786 total reported compensation
- CAROLYN BOOKHART (DIRECTOR OF REAL ESTATE DEVELOPMENT): $194,959 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Resources for community development creates and preserves affordable housing for people with the fewest options, to build community and enrich lives.
What it reported doing in 2024
Asset management: rcd's portfolio of 64 properties is managed by the asset management department. The department's objectives fall into two categories, operational and financial. Operational goals include maintaining projects in safe, habitable and rentable conditions and maintaining tenant satisfaction. Financial goals include maintaining positive cash flow and preserving healthy reserves and managing its use for general operations and contingencies. Portfolio rehabilitation efforts combine these two areas, adding new funding sources to pay for improvements which extend the properties' useful lives.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 88
- Accountability: 95
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.6%; rating input score 89
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: $97.59 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.9%; rating input score 100; 38th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.2%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 4.03; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 16.5% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 88.6% of revenue deployed · 90% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $23.3M in reported program spending
- Leadership: top reported pay $293K · 20 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.7M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 73 filed related-organization links
- 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.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.