Riverside Charitable Corporation

Nonprofit profile at a glance

EIN
954158713
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Tustin, CA, USA
Phone
7149197188
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Support

Official website

Reported finances

Revenue
$22,945,743
Expenses
$3,576,490
Assets
$82,960,383
Liabilities
$13,691,563

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

Leadership & pay

8 people listed

Executive titles in this filing

  • KENNETH ROBERTSON (PRESIDENT)
  • RECINDA KAY SHAFER (DEPUTY EXECUTIVE DIRECTOR)

Highest reported compensation

  • KENNETH ROBERTSON (PRESIDENT): $527,903 total reported compensation
  • RECINDA KAY SHAFER (DEPUTY EXECUTIVE DIRECTOR): $512,400 total reported compensation
  • NILSA GONZALEZ (VP OF OPERATIONS): $361,252 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide, preserve and protect affordable housing, and to help those who cannot afford the necessities of life, reduce the burden of government and help the less fortunate of our communities by developing and operating social and educational service-enriched affordable housing for people of low-income.

What it reported doing in 2024

Fostering and providing charitable assistance, services and relief to families and persons of lower income in the communities that rcc serves. Rcc serves to foster, create, manage and preserve safe and decent, social service-enriched, affordable housing for people of lower income.

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 75% for direct work, and 25% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 37
  • Transparency & Controls: 88
  • Accountability: 90
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 13.7%; rating input score 14
  • Program expense ratio: 87.1%; rating input score 87
  • Fundraising efficiency: Limited

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: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 83.3%; rating input score 83; 17th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: 84.4%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 23.2; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 39.2%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 23.3% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 20.6% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 12% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 13.7% of revenue deployed · 87.1% of spending went to programs
  • Governance: 5 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $3.1M in reported program spending
  • Leadership: top reported pay $528K · 8 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 161 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.

  • High — Financial Efficiency: Mission deployment rate scored 14/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.