Rocky Mount Public Facilities Corp

Nonprofit profile at a glance

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

2 people listed

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

Financing real estate through lending and acquistion for the benefit of the citizens of the city of rocky mount, nc.

Interest earned on various loans receivable to be used to offset interest expense paid to loan payable to city of rocky mount, nc.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: No current program activity. The filing reports no program spending for the current year.

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

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass

Operating margin: -100%; rating input score 20; 20th percentile among comparable filings
Total-asset coverage ratio: Limited
Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
Officer compensation ratio: Limited

Program expense growth: -5.4% per year; rating input score 0; 37th percentile among comparable filings
Revenue growth: -32% per year; rating input score 0; 13th percentile among comparable filings
Asset growth: -7.6% per year; rating input score 0; 16th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 0 of 2 board members independent · 6 of 8 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $28K · 2 people listed
Consistency: 12 of 12 current checks pass
Schedules: 4 filed schedules
Filing history: 8 filing years from 2016 to 2024
Contacts: How to reach this organization
Related organizations: 2 filed related-organization links
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.