Sector 4 Community Development Corp

Nonprofit profile at a glance

EIN
223253505
IRS 990-EZ coverage
2010–2015
Forms available
Form 990-EZ 2015
Location
Rochester, NY, USA
Phone
5853285750
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$80,979
Expenses
$78,487
Assets
$66,407
Liabilities
$72,313

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Joan Roby-Davidson (Executive Director until 7/1/2015)

People named in this filing

  • William Sullivan (Member)
  • Colleen McCarthy (Chair)
  • Eleanor Coleman (Vice-Chair)

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 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To build partnerships and collaborations between business, neighborhood and community organizations and provide the tools, talent and techniques to renew, redevelop and rebuild the five commercial corridors in Sector 4.

What it reported doing in 2015

Our main project, Brooks Landing, is nearing completion. The main elements of the project are Staybridge Suites Hotel, Boulder Coffee Company, Brooks Landing Business Center, street lighting, boardwalk, and boat docks. We look forward to additional development along Genesee Street, Brooks Avenue, and Plymouth Avenue, as Brooks Landing continues to be the catalyst for economic growth in the southwest.We also continue our work to improve the commercial corridors of Sector 4. We are now in the construction phase of a facade improvement project that will change the look of Thurston Road for years to come. A detailed analysis was completed for every building, and renovations are now under way.We have also continued our success with other projects, including the Unity Health Employer Assisted Housing Program, a program partnership with Unity Health System to encourage home purchases in Sectors 3 and 4. Many homes have been purchased in Sector 4 as a result of this program.

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 95% 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.6%; rating input score 93
  • Program expense ratio: 95.6%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 3.1%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.85; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 1.09; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 12.8% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 29.6% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 0.7% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 92.6% of revenue deployed · 95.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $75K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Sustainability: Operating margin scored 52/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.