Rosemoor Community Association

Nonprofit profile at a glance

EIN
237165035
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024, Form 990-N 2016
Location
Chicago, IL, USA
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$100,674
Expenses
$92,578
Assets
$22,844

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

Leadership & pay

9 people listed

Executive titles in this filing

  • Lolita Canady (President)
  • Dr Felecia Thompson (Vice President)

People named in this filing

  • Lolita Canady (President)
  • Dr Felecia Thompson (Vice President)
  • Shirley Brown (Financial 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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to improve and expand the good in the assets of the Rosemoor community to eradicate the negative elements that would endanger our legacy and to empower the residents to enhance the community. Our purpose is to promote the common good and general welfare of the property owners residents and other interested in the community known as Rosemoor.

What it reported doing in 2024

The organization has accomplished the continual art and beautification of the community of Rosemoor by volunteers from the community and its Board of Directors. RCA continues to shine bright in the community by maintaining the MLK gardening program the media content creation where the community is given updates on the events within the community and its surrounding area.

Operating model

Revenue model
Earned-program. 83% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 91
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.8%; rating input score 75
  • Program expense ratio: 81.4%; rating input score 81

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 1st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 8%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 2.1%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 77.9% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 40.3% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 30.8% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 74.8% of revenue deployed · 81.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $75K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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: Total-asset coverage ratio scored 22/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.