Civic Intelligence

Gorgora Rennaissance and Development Association

EIN 46-1672362 • 501(c)3 • Silver Spring, MD

Profile

GRDA mission is also support and sees to it that the progress is made in the areas of microfinance, healthcare, education, the environment, agriculture, and community development by mobilizing resources from members, donors and other fundraising activities.

POBox 13272Silver Spring, MD 20911

gorgora.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

16th percentile

-39%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

33rd percentile

-19%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

-3.0%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$14,941

Down $3,399 (-19%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$14,941

Down $3,399 (-19%) from 2018

Operations
Liabilities / Revenue62nd percentileNet Margin16th percentile

Revenue

Down

$8,670

Down $272 (-3.0%) from 2018

Expenses

Up

$12,069

Up $7,401 (+159%) from 2018

Net Income

Down

-$3,399

Down $7,673 (-180%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2014: $19,592Liabilities 2014: $0Net Assets 2014: $19,5922014Assets 2015: $20,903Liabilities 2015: $0Net Assets 2015: $20,9032015Assets 2016: $18,234Liabilities 2016: $0Net Assets 2016: $18,2342016Assets 2017: $14,066Liabilities 2017: $0Net Assets 2017: $14,0662017Assets 2018: $18,340Liabilities 2018: $0Net Assets 2018: $18,3402018Assets 2019: $14,941Liabilities 2019: $0Net Assets 2019: $14,9412019

Highlighted filing

2019

Assets$14,941
Liabilities$0
Net Assets$14,941
Open 2019 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0-$5.0KRevenue 2014: $12,792Expenses 2014: $9,539Net Income 2014: $3,2532014Revenue 2015: $9,947Expenses 2015: $8,248Net Income 2015: $1,6992015Revenue 2016: $6,605Expenses 2016: $9,293Net Income 2016: -$2,6882016Revenue 2017: $5,283Expenses 2017: $9,451Net Income 2017: -$4,1682017Revenue 2018: $8,942Expenses 2018: $4,668Net Income 2018: $4,2742018Revenue 2019: $8,670Expenses 2019: $12,069Net Income 2019: -$3,3992019

Highlighted filing

2019

Revenue$8,670
Expenses$12,069
Net Income-$3,399
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,941
Liabilities
$0
Net assets
$14,941
Revenue
$8,670
Expenses
$12,069
Net income
-$3,399
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$14.9$0.00$14.9$8.67$12.1$3.40
2018Detailed filing. Detailed filing data is available for this year.$18.3$0.00$18.3$8.94$4.67$4.27
2017Detailed filing. Detailed filing data is available for this year.$14.1$0.00$14.1$5.28$9.45$4.17
2016Detailed filing. Detailed filing data is available for this year.$18.2$0.00$18.2$6.61$9.29$2.69
2015Detailed filing. Detailed filing data is available for this year.$20.9$0.00$20.9$9.95$8.25$1.70
2014Detailed filing. Detailed filing data is available for this year.$19.6$0.00$19.6$12.8$9.54$3.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 19, 2020
Return Version
2019v5.0
Gross Receipts
$8,670
Mission and Program Overview

Mission

GRDA mission is also support and sees to it that the progress is made in the areas of microfinance, healthcare, education, the environment, agriculture, and community development by mobilizing resources from members, donors and other fundraising activities.

GRDA s mission is to work hard to improve the lives of the residents in our hometown by initiating projects that would facilitate self help through hard work and innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$18,340$14,941▼ $3,399
Cap Stk Tr Prin Current Funds$18,340$14,941▼ $3,399
Total Assets$18,340$14,941▼ $3,399
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,340$14,941▼ $3,399
Total Liabilities and Net Assets / Fund Balance$18,340$14,941▼ $3,399
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Kiros AsmamawTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,670
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,270
Change in Net Assets
$-3,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,069
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$2,419
Total Functional Expenses$0$0$0$12,069
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Gorgora Rennaissance and Development Association
EIN
46-1672362
Address
POBox 13272, Silver Spring, MD 20911
Doing Business As
Grda

Signing Officer

Name
Kiros Asmamaw
Title
05082016
Signed
2020-03-19
Discuss with paid preparer
No

Organization Details

Principal Officer
Tesfai Asmamaw
Formed
2013
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Tesfa Financial Group Inc
Address
12534 Stratford Garden Dr, Silver Spring, MD 20904
Preparer
Tesfai Asmamaw CPA CFE CGFM CFF CGM
Phone
3017684274
Supplemental Narrative

Additional Explanations

Form 990, Part V, Section Section B, Line 12C

“The Board of Directors monitor on a regular basis other board members to ensure adherence to the organizations policies and procedures.”

Raw XML Appendix283 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GrantsToIndividualsInd0false
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ReturnHeader/ReturnTs02020-03-19T11:40:05-00:00
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ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

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