Civic Intelligence

Rockaway Development and Revitalization Corporation

990 • Fiscal year 2023 • EIN 11-2575794

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 29, 2024

1920 Mott AvenueFar Rockaway, NY 11691

(718) 327-5300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.30x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • NTEE I • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.33x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • NTEE I • $1M-$5M nonprofits • Source year 2023

Net Margin

51st percentile

3.7%

Higher net margin than 51% of similar nonprofits.

2023 filings • NTEE I • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

65th percentile

$142,684

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2023 filings • NTEE I • $1M-$5M nonprofits • Source year 2023

Asset Growth

58th percentile

8.9%

Faster asset growth than 58% of similar nonprofits.

2023 filings • NTEE I • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

25%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • NTEE I • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,443,194

Up $200,549 (+8.9%) from 2022

Net Assets

Up

$1,716,335

Up $80,543 (+4.9%) from 2022

Liabilities

Up

$726,859

Up $120,006 (+20%) from 2022

Revenue

Up

$2,187,316

Up $440,100 (+25%) from 2022

Expenses

Up

$2,106,773

Up $347,018 (+20%) from 2022

Net Income

Up

$80,543

Up $93,082 (+742%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,176,749Liabilities 2011: $614,527Net Assets 2011: $562,2222011Assets 2012: $1,363,060Liabilities 2012: $605,414Net Assets 2012: $757,6462012Assets 2013: $1,339,855Liabilities 2013: $601,701Net Assets 2013: $738,1542013Assets 2014: $1,745,972Liabilities 2014: $542,666Net Assets 2014: $1,203,3062014Assets 2015: $1,619,235Liabilities 2015: $472,560Net Assets 2015: $1,146,6752015Assets 2016: $1,553,243Liabilities 2016: $456,652Net Assets 2016: $1,096,5912016Assets 2017: $1,932,559Liabilities 2017: $931,331Net Assets 2017: $1,001,2282017Assets 2018: $2,205,529Liabilities 2018: $1,168,707Net Assets 2018: $1,036,8222018Assets 2019: $2,269,091Liabilities 2019: $506,235Net Assets 2019: $1,762,8562019Assets 2020: $2,319,603Liabilities 2020: $730,491Net Assets 2020: $1,589,1122020Assets 2021: $2,234,678Liabilities 2021: $586,347Net Assets 2021: $1,648,3312021Assets 2022: $2,242,645Liabilities 2022: $606,853Net Assets 2022: $1,635,7922022Assets 2023: $2,443,194Liabilities 2023: $726,859Net Assets 2023: $1,716,3352023Assets 2024: $2,156,355Liabilities 2024: $885,518Net Assets 2024: $1,270,8372024

Highlighted filing

2023

Assets$2,443,194
Liabilities$726,859
Net Assets$1,716,335

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $896,609Expenses 2011: $1,069,145Net Income 2011: -$172,5362011Revenue 2012: $1,305,748Expenses 2012: $1,110,324Net Income 2012: $195,4242012Revenue 2013: $979,133Expenses 2013: $998,625Net Income 2013: -$19,4922013Revenue 2014: $1,539,387Expenses 2014: $1,074,235Net Income 2014: $465,1522014Revenue 2015: $1,162,683Expenses 2015: $1,230,171Net Income 2015: -$67,4882015Revenue 2016: $1,171,483Expenses 2016: $1,221,567Net Income 2016: -$50,0842016Revenue 2017: $1,299,910Expenses 2017: $1,395,273Net Income 2017: -$95,3632017Revenue 2018: $1,460,698Expenses 2018: $1,425,104Net Income 2018: $35,5942018Revenue 2019: $2,371,471Expenses 2019: $1,645,437Net Income 2019: $726,0342019Revenue 2020: $1,433,659Expenses 2020: $1,607,403Net Income 2020: -$173,7442020Revenue 2021: $1,726,927Expenses 2021: $1,667,708Net Income 2021: $59,2192021Revenue 2022: $1,747,216Expenses 2022: $1,759,755Net Income 2022: -$12,5392022Revenue 2023: $2,187,316Expenses 2023: $2,106,773Net Income 2023: $80,5432023Revenue 2024: $2,022,088Expenses 2024: $2,467,586Net Income 2024: -$445,4982024

Highlighted filing

2023

Revenue$2,187,316
Expenses$2,106,773
Net Income$80,543
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 29, 2024
Return Version
2022v5.0
Gross Receipts
$2,223,501
Mission and Program Overview

Mission

Area revitalization and development initiatives to improve the quality of life of residents, schools and businesses in the community of the rockaway peninsula of queens, new york. Programs focus on education, affordable housing, economic development and community outreach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,590,954$1,513,657▼ $77,297
Pledges and Grants Receivable$445,599$288,556▼ $157,043
Cash and Non-Interest-Bearing Accounts$144,817$260,218▲ $115,401
Savings and Temporary Cash Investments$39,777$207,547▲ $167,770
Prepaid Expenses and Deferred Charges$21,498$21,498→ $0
Total Assets$2,242,645$2,443,194▲ $200,549
Other Assets Total-$151,718-
Liabilities
Mortgage Notes Payable Secured by Investment Property$333,449$307,021▼ $26,428
Accounts Payable and Accrued Expenses$273,404$268,120▼ $5,284
Other Liabilities-$151,718-
Total Liabilities$606,853$726,859▲ $120,006
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,287,957$1,287,957→ $0
Net Assets Without Donor Restrictions$347,835$428,378▲ $80,543
Total Net Assets Fund Balance$1,635,792$1,716,335▲ $80,543
Total Liabilities and Net Assets / Fund Balance$2,242,645$2,443,194▲ $200,549

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,508,247$839,440$2,347,687
Equipment$5,410$85,124$90,534
Other Assets Org$151,718--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin AlexanderCEOFT$142,684$142,684

Board Members and Trustees

NameTitle
Linda PlummerBoard Chair
Amanda Samuel EsqBoard Member
Carl RobertsBoard Member
Casilda Roper-simposon EsqBoard Member
Charles JacobsBoard Member
David Millner AiaBoard Member
Keith NelsonBoard Member
Lavida JervisBoard Member
Steve WolfBoard Member
Cesar AvilesFirst Vice C
Brian PinnolaSecond Vice
Domenic AbbatielloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,121,623
Program Service Revenue
$70
Investment Income
$24
Other Revenue
$65,599
All Other Contributions
$344,820
Change in Net Assets
$80,543

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,187,316
Total Revenue per Audited Statements
$2,187,316
Total Revenue per Form 990
$2,187,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,310,421
Other Expenses$796,352
Total Fundraising Expense$67,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$941,970$55,364-$997,334
Current Officers, Directors, Trustees, and Key Employees$73,219$14,644$58,575$146,438
Payroll Taxes$86,852$5,989$5,011$97,852
Occupancy$74,550$13,156-$87,706
Conferences and Meetings$72,384$12,773-$85,157
Fees for Services Accounting-$80,982-$80,982
Depreciation Depletion$77,297--$77,297
Other Employee Benefits$61,063$4,211$3,523$68,797
Office Expenses$38,881$20,441-$59,322
Other Expenses$48,767$1,745-$50,512
Information Technology$32,862$5,799-$38,661
All Other Expenses$32,699$2,192-$34,891
Insurance$21,815$3,850-$25,665
Travel$19,797$3,494-$23,291
Interest-$5,075-$5,075
Total Functional Expenses$1,800,582$239,082$67,109$2,106,773

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,106,773
Total Expenses per Audited Statements$2,106,773
Total Expenses per Form 990$2,106,773
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$101,784
Fundraising Direct Expenses$36,185
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Din$101,784$101,784$36,185$65,599
Total Events$101,784$101,784$36,185$65,599
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$151,718
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 reviewed by board, fiscal designees

Form 990, Page 6, Part VI, Line 12C

Policy complies with nys and nyc grant guidelines

Form 990, Page 6, Part VI, Line 15A

Senior compensation reviewed annually by board and commensurate with professional marketplace

Form 990, Page 6, Part VI, Line 15B

Senior compensation reviewed annually by board and commensurate with professional marketplace

Form 990, Page 6, Part VI, Line 19

All organization financial documents maintained at adminstrative/program office.

Filing and Contact Details

Filer

Filer Name
Rockaway Development and
EIN
11-2575794
Phone
7183275300
Address
1920 MOTT AVENUE, FAR ROCKAWAY, NY 11691

Signing Officer

Name
Kevin Alexander
Title
CEO
Phone
7183275300
Signed
2024-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Alexander
Voting Board Members
12
Independent Board Members
12
Employees
27
Volunteers
30

Preparer

Firm
Lehman Flynn Vollaro Ny Cpas Pllc
Address
534 BROADHOLLOW ROAD - SUITE 302, MELVILLE, NY 11747
Preparer
Mathew Peretz
Phone
2127362220
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Area revitalization and development initiatives to improve the quality of life of residents, schools and businesses in the community of the rockaway peninsula of queens, new york. Programs focus on education, affordable housing, economic development and community outreach.

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IRS990/OtherExpensesGrp/ProgramServicesAmt178040
IRS990/OtherExpensesGrp/ProgramServicesAmt253078
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IRS990/OtherExpensesGrp/TotalAmt350512
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt070
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOOL BASED PROGRAMS
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IRS990/PYInvestmentIncomeAmt08
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IRS990/PYProgramServiceRevenueAmt02057
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt080543
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039777
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0207547
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01433654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02371459
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0839440
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02347687
IRS990ScheduleD/EquipmentGrp/BookValueAmt05410
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085124
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0151718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01513657
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0151718
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IRS990ScheduleD/TotalRevenuePerForm990Amt02187316
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING DIN
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0101784
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AREA REVITALIZATION AND DEVELOPMENT INITIATIVES TO IMPROVE THE QUALITY OF LIFE OF RESIDENTS, SCHOOLS AND BUSINESSES IN THE COMMUNITY OF THE ROCKAWAY PENINSULA OF QUEENS, NEW YORK. PROGRAMS FOCUS ON EDUCATION, AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT AND COMMUNITY OUTREACH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEWED BY BOARD, FISCAL DESIGNEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICY COMPLIES WITH NYS AND NYC GRANT GUIDELINES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SENIOR COMPENSATION REVIEWED ANNUALLY BY BOARD AND COMMENSURATE WITH PROFESSIONAL MARKETPLACE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SENIOR COMPENSATION REVIEWED ANNUALLY BY BOARD AND COMMENSURATE WITH PROFESSIONAL MARKETPLACE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL ORGANIZATION FINANCIAL DOCUMENTS MAINTAINED AT ADMINSTRATIVE/PROGRAM OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02443194
IRS990/TotalAssetsGrp/BOYAmt02242645
IRS990/TotalAssetsGrp/EOYAmt02443194
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02121623

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.16$0.89$1.27$2.02$2.47$0.45
2023Detailed filing. Detailed filing data is available for this year.$2.44$0.73$1.72$2.19$2.11$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.24$0.61$1.64$1.75$1.76$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.59$1.65$1.73$1.67$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.32$0.73$1.59$1.43$1.61$0.17
2019Summary only. Only limited summary data is available for this year.$2.27$0.51$1.76$2.37$1.65$0.73
2018Summary only. Only limited summary data is available for this year.$2.21$1.17$1.04$1.46$1.43$0.04
2017Summary only. Only limited summary data is available for this year.$1.93$0.93$1.00$1.30$1.40$0.10
2016Summary only. Only limited summary data is available for this year.$1.55$0.46$1.10$1.17$1.22$0.05
2015Summary only. Only limited summary data is available for this year.$1.62$0.47$1.15$1.16$1.23$0.07
2014Summary only. Only limited summary data is available for this year.$1.75$0.54$1.20$1.54$1.07$0.47
2013Summary only. Only limited summary data is available for this year.$1.34$0.60$0.74$0.98$1.00$0.02
2012Summary only. Only limited summary data is available for this year.$1.36$0.61$0.76$1.31$1.11$0.20
2011Summary only. Only limited summary data is available for this year.$1.18$0.61$0.56$0.90$1.07$0.17