Riverview Economic Development Association

Nonprofit profile at a glance

EIN
411684850
IRS 990-EZ coverage
2013–2014
Forms available
Form 990 2012, Form 990-EZ 2014
Location
Saint Paul, MN, USA
Phone
6512920131
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Public, Societal Benefit

Reported finances

Revenue
$12,109
Expenses
$20,140
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ENRIQUE VAZQUEZ (PRESIDENT EMERITUS)
  • JIM GILBERT (PRESIDENT)
  • TIFFANY CALDERON (VICE-PRESIDENT)

People named in this filing

  • ENRIQUE VAZQUEZ (PRESIDENT EMERITUS)
  • JIM GILBERT (PRESIDENT)
  • HOKAN MILLER (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 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance the quality of life on saint paul's west side by cultivating a sustainable and vibrant business commmunity.

What it reported doing in 2014

Reda serviced five loans to businesses in the district del sol on st. Paul's westside under its commercial development program. Reda owned and leased a commercial building in the district del sol business district. During the year reda llc, a wholly owned llc by neighborhood development alliance (neda), a Minnesota nonprofit corporation, purchased all the assets and assumed all liabilities of reda.

Operating model

Revenue model
Earned-program. 97% 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 11
  • Growth: 0

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; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -66.3%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -18.8% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -66.1% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -36.5% 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 · $20K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2013 to 2014
  • 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.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.