Rva Community Development Corporation
Nonprofit profile at a glance
- EIN
- 843568966
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Richmond, VA, USA
- Phone
- 8043574799
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $56,922
- Expenses
- $28,883
- Assets
- $121,108
- Liabilities
- $14,820
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- LAWSON WIJESOORIYA (PRESIDENT & DIRECTOR)
People named in this filing
- LAWSON WIJESOORIYA (PRESIDENT & DIRECTOR)
- DANIELLE WYATT (SECRETARY & DIRECTOR)
- NEIL KESSLER (TREASURER & DIRECTOR)
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
Rva community development corporation's mission is to create, promote, and sustain economic opportunity and stability for vulnerable neighborhoods and populations throughout the metropolitan richmond, Virginia metropolitan area, with a particular focus on richmond's east end. Ultimately the goal is to build vibrant communities supported through innovation and partnership. Our commitment is for residents to share in the improvement and success of their communities.
What it reported doing in 2024
Rva community development corporation collaborates with community members and nonprofit organizations to identify promising projects to build social capital and opportunities to build health and financial wellness, with a focus on community-led projects. Rva community development corporation convenes partners, assesses opportunities, and raises funding to support the work.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 100
- Sustainability: 75
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.8%; rating input score 44
- Program expense ratio: 86.1%; rating input score 86
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 49.3%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 4.19; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -26.3% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: -11.6% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: 30.4% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 43.8% of revenue deployed · 86.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $25K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.