Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
River Front Development Corp
EIN 56-2004703 • 501(c)3 • Asheville, NC
Profile
Development for family improvements
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
78th percentile
Faster asset growth than 78% of similar nonprofits.
Revenue Growth
45th percentile
Faster revenue growth than 45% of similar nonprofits.
Balance Sheet
Assets
Up$140,004
Up $25,431 (+22%) from 2021
Liabilities
Up$1,530
Up $1,530 from 2021
Net Assets
Up$138,474
Up $23,901 (+21%) from 2021
Revenue
Down$37,286
Down $2,041 (-5.2%) from 2021
Expenses
Down$23,454
Down $36,501 (-61%) from 2021
Net Income
Up$13,832
Up $34,460 (+167%) from 2021
Trend Graphs
Filings
Most recent year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $140,004
- Liabilities
- $1,530
- Net assets
- $138,474
- Revenue
- $37,286
- Expenses
- $23,454
- Net income
- $13,832
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 1, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $37,286
Mission and Program Overview
Mission
Development for family improvements
Program Services
| Description | Grants | Expenses |
|---|---|---|
| A touch screen Digital Kiosk presenting the history of Stephens-Lee High School, the only secondary school for African American Students in Western North Carolina | - | - |
| Complete 2nd year of Summer Camp with the Avl chapter of AIA and the Preservation Society of Avl & Buncombe County | - | - |
| Offered of-site class in digital photojournalism for 8th through 12 graders, providing digital cameras, in collaboration with the Avl chapter of the Graphic Arts Institute (AIGA) | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Maryann Riley | Secretary | PT | $0 | - | - |
| Alberta Williams | Treasurer | PT | $0 | - | - |
| Joyce Smith | Director | PT | $0 | - | - |
| Geoge Shannon | Director | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- River Front Development Corp
- EIN
- 56-2004703
- Address
- PO Box 15611, Asheville, NC 28813
Signing Officer
- Name
- Catherine Mitchell
- Title
- Executive Direc
- Phone
- 8286550514
- Signed
- 2023-11-01
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Elizabeth A Brown CPA PC
- Address
- 5118 Wauchula Rd, Myakka City, FL 34251
- Preparer
- Elizabeth A Brown
- Phone
- 8285759575
Supplemental Narrative
Additional Explanations
List of grants and similar amounts paid Part I line 10
“Activity Donation Grantee National Trust for Historic PreservStreet 2600 Virginia Ave NW City, State, Zip Washington, DC 20037Relationship None”
Description of other expenses Part I line 16
“Description AmountDepreciation from 4562 3,513Auto Expense 114Bank SC 289Computer & Internet 1,938Dues & Subscriptions 119Parking 2Office Supplies 1,250Insurance 3,359Software 919”
Other changes in net assets or fund balances Part I line 20
“Description AmountAdjust for fixed assets omitted (1,690)”
Description of other assets Part II line 24
“Category Beginning of Year End of YearFixed Assets 13,582 10,068Grant Receivable 100,000 100,000”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearLoan payable CM 0 1,530”
Raw XML Appendix144 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Catherine Mitchell |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8286550514 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO Box 15611 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Asheville |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28813 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 991 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 19868 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 37285 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 13832 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 126332 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 140004 |
| IRS990EZ/GrossReceiptsAmt | 0 | 37286 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 11759 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 10068 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 126332 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 138474 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 126332 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 138474 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 11555 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Maryann Riley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Alberta Williams |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Joyce Smith |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Geoge Shannon |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 113582 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 110068 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -1690 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 11503 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Development for family improvements |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 396 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | A touch screen Digital Kiosk presenting the history of Stephens-Lee High School, the only secondary school for African American Students in Western North Carolina |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Complete 2nd year of Summer Camp with the Avl chapter of AIA and the Preservation Society of Avl & Buncombe County |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Offered of-site class in digital photojournalism for 8th through 12 graders, providing digital cameras, in collaboration with the Avl chapter of the Graphic Arts Institute (AIGA) |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1530 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 23454 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 37286 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | http://ridgeasheville1.org |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 37285 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 83239 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 199400 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 319924 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 319924 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 37285 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 83239 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 199400 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 319924 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 319924 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity Donation Grantee National Trust for Historic PreservStreet 2600 Virginia Ave NW City, State, Zip Washington, DC 20037Relationship None |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountDepreciation from 4562 3,513Auto Expense 114Bank SC 289Computer & Internet 1,938Dues & Subscriptions 119Parking 2Office Supplies 1,250Insurance 3,359Software 919 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountAdjust for fixed assets omitted (1,690) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearFixed Assets 13,582 10,068Grant Receivable 100,000 100,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Category Beginning of Year End of YearLoan payable CM 0 1,530 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Description of total liabilities Part II line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Catherine Mitchell |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Direc |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8286550514 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-01 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | River Front Development Corp |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RIVE |
| ReturnHeader/Filer/EIN | 0 | 562004703 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 15611 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Asheville |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28813 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 461221875 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Elizabeth A Brown CPA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5118 Wauchula Rd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Myakka City |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 34251 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8285759575 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-11-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Elizabeth A Brown |
| ReturnHeader/ReturnTs | 0 | 2023-11-10T18:46:20-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Catherine |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Mitchell |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
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