Three Rivers Cde Inc

Nonprofit profile at a glance

EIN
452527487
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-EZ 2014
Location
Pontotoc, MS, USA
Phone
6624892415
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$309,980
Expenses
$307,234
Assets
$1,469,734
Liabilities
$0

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

Leadership & pay

12 people listed

People named in this filing

  • J R DENTON (CALHOUN COUNTY DIRECTOR)
  • ANDERSON MCFARLAND (CHICKASAW COUNTY DIRECTOR)
  • ERIC HUGHES (ITAWAMBA COUNTY 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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To serve, or provide investment capital for, low-income communities and low-income persons, as defined in section 45d(c) of the internal revenue code of 1986; to seek certification from the united states department of the treasury for the corporation as a qualified community development entity; to apply for such federal tax credits and other benefits available.

What it reported doing in 2024

To sub-allocate federal and Mississippi new markets tax credit ("nmtc") investment authority to various subsidiary community development entities; sub-allocated $8,000,000 of its federal nmtc allocations to 3 rivers sub-cde 5, llc; sub-allocated $4,000,000 of its federal nmtc allocations to 3 rivers sub-cde 6, llc; sub-allocated $8,000,000 of its federal nmtc allocations to 3 rivers sub-cde 7, llc; sub-allocated $5,000,000 of its federal nmtc allocations to 3 rivers sub-cde 8, llc; sub-allocated $2,905,408 of its Mississippi nmtc allocation to 3 rivers sub-cde 5; sub-allocated $4,831,062 of its Mississippi nmtc allocation to 3 rivers sub-cde 6; sub-allocated $6,452,704 of its Mississippi nmtc allocation to 3 rivers sub-cde 7; and sub-allocated $8,750,000 of its Mississippi nmtc allocation to 3 rivers sub-cde 8

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 60
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.9%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 4.78; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 7.8% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 16.6% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 5 filed related-organization links
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Sustainability: Operating margin scored 41/100.