Civic Intelligence

Rio Grande Community Development Corporation

990 • Fiscal year 2022 • EIN 85-0348445

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 31, 2023

318 Isleta Blvd SWAlbuquerque, NM 87105

(505) 217-2473

Siviq Scores

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

Liabilities / Assets

76th percentile

0.32x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

69th percentile

0.24x

Higher debt load relative to revenue than 69% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

6th percentile

-63%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$81,626

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

2nd percentile

-47%

Faster asset growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-43%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,259,590

Down $1,115,138 (-47%) from 2021

Net Assets

Down

$855,673

Down $1,081,938 (-56%) from 2021

Liabilities

Down

$403,917

Down $33,200 (-7.6%) from 2021

Revenue

Down

$1,710,904

Down $1,304,565 (-43%) from 2021

Expenses

Up

$2,792,842

Up $262,184 (+10%) from 2021

Net Income

Down

-$1,081,938

Down $1,566,749 (-323%) from 2021

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 2010: $162,529Liabilities 2010: $113,970Net Assets 2010: $48,5592010Assets 2011: $984,846Liabilities 2011: $73,302Net Assets 2011: $911,5442011Assets 2012: $635,011Liabilities 2012: $119,091Net Assets 2012: $515,9202012Assets 2013: $1,058,313Liabilities 2013: $408,199Net Assets 2013: $650,1142013Assets 2014: $853,625Liabilities 2014: $411,948Net Assets 2014: $441,6772014Assets 2015: $699,167Liabilities 2015: $481,046Net Assets 2015: $218,1212015Assets 2016: $874,537Liabilities 2016: $376,726Net Assets 2016: $497,8112016Assets 2017: $1,046,967Liabilities 2017: $337,167Net Assets 2017: $709,8002017Assets 2018: $1,101,406Liabilities 2018: $327,436Net Assets 2018: $773,9702018Assets 2019: $1,261,418Liabilities 2019: $424,306Net Assets 2019: $837,1122019Assets 2020: $1,870,070Liabilities 2020: $417,270Net Assets 2020: $1,452,8002020Assets 2021: $2,374,728Liabilities 2021: $437,117Net Assets 2021: $1,937,6112021Assets 2022: $1,259,590Liabilities 2022: $403,917Net Assets 2022: $855,6732022Assets 2023: $1,691,512Liabilities 2023: $670,485Net Assets 2023: $1,021,0272023Assets 2024: $1,359,816Liabilities 2024: $849,623Net Assets 2024: $510,1932024

Highlighted filing

2022

Assets$1,259,590
Liabilities$403,917
Net Assets$855,673

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $920,199Expenses 2010: $909,824Net Income 2010: $10,3752010Expenses 2011: $669,5822011Expenses 2012: $416,4032012Revenue 2013: $1,780,662Expenses 2013: $1,607,126Net Income 2013: $173,5362013Revenue 2014: $1,960,514Expenses 2014: $2,168,951Net Income 2014: -$208,4372014Revenue 2015: $1,620,137Expenses 2015: $1,843,693Net Income 2015: -$223,5562015Revenue 2016: $2,257,335Expenses 2016: $1,977,645Net Income 2016: $279,6902016Revenue 2017: $2,361,308Expenses 2017: $2,149,319Net Income 2017: $211,9892017Revenue 2018: $2,406,250Expenses 2018: $2,342,080Net Income 2018: $64,1702018Revenue 2019: $2,591,562Expenses 2019: $2,528,420Net Income 2019: $63,1422019Revenue 2020: $2,908,700Expenses 2020: $2,293,012Net Income 2020: $615,6882020Revenue 2021: $3,015,469Expenses 2021: $2,530,658Net Income 2021: $484,8112021Revenue 2022: $1,710,904Expenses 2022: $2,792,842Net Income 2022: -$1,081,9382022Revenue 2023: $1,682,102Expenses 2023: $1,516,748Net Income 2023: $165,3542023Revenue 2024: $1,420,402Expenses 2024: $1,931,236Net Income 2024: -$510,8342024

Highlighted filing

2022

Revenue$1,710,904
Expenses$2,792,842
Net Income-$1,081,938
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 31, 2023
Return Version
2022v5.0
Gross Receipts
$1,754,967
Mission and Program Overview

Mission

To pursue community-wide healthy economic and social development that enriches traditional cultural values and historical uses of the land while supporting the peoples' voice in development and reducing poverty through entrepreneurial enterprise.

Be the trusted and accessible community hub for social and economic entrepreneurship which facilitates self-sufficiency while honoring the people's voice and culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,713,674$685,896▼ $1,027,778
Land, Buildings, and Equipment, Net$633,505$553,190▼ $80,315
Pledges and Grants Receivable$7,483$10,442▲ $2,959
Savings and Temporary Cash Investments$20,066$10,062▼ $10,004
Total Assets$2,374,728$1,259,590▼ $1,115,138
Liabilities
Mortgage Notes Payable Secured by Investment Property$404,772$369,311▼ $35,461
Accounts Payable and Accrued Expenses$32,345$34,606▲ $2,261
Total Liabilities$437,117$403,917▼ $33,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$895,939$673,925▼ $222,014
Net Assets With Donor Restrictions$1,041,672$181,748▼ $859,924
Total Net Assets Fund Balance$1,937,611$855,673▼ $1,081,938
Total Liabilities and Net Assets / Fund Balance$2,374,728$1,259,590▼ $1,115,138

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$352,099$142,522$494,621
Land$136,564-$136,564
Other Land Buildings$80,993$15,329$96,322
Equipment$-16,466$76,881$60,415
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Josue OlivaresExective DirectorFT$75,636$5,990$81,626

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,526,361
Program Service Revenue
$190,766
Investment Income
$-44,023
Other Revenue
$37,800
All Other Contributions
$1,105,069
Change in Net Assets
$-1,081,938

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,710,904
Total Revenue per Audited Statements
$1,710,904
Total Revenue per Form 990
$1,710,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,107,599
Salaries, Compensation, and Employee Benefits$685,243
Total Fundraising Expense$34,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$354,705$115,731$16,699$487,135
Fees for Services Other$326,553$1,127$3,534$331,214
Office Expenses$68,796$22,932$3,822$95,550
Current Officers, Directors, Trustees, and Key Employees$59,587$19,590$2,449$81,626
Other Employee Benefits$48,267$15,869$1,984$66,120
Occupancy$55,598$4,942$1,236$61,776
Payroll Taxes$36,764$12,087$1,511$50,362
Depreciation Depletion$40,484$3,599$900$44,983
All Other Expenses$30,063$3,332$555$33,950
Advertising-$30,592-$30,592
Other Expenses$23,833$6,084$1,521$23,833
Fees for Services Accounting-$23,810-$23,810
Insurance$19,853$1,765$441$22,059
Interest$15,321$1,362$340$17,023
Travel$11,640--$11,640
Fees for Services Lobbying-$9,932-$9,932
Fees for Services Legal-$6,303-$6,303
Total Functional Expenses$2,478,793$279,057$34,992$2,792,842

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,792,842
Total Expenses per Audited Statements$2,792,842
Total Expenses per Form 990$2,792,842
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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

Rgcdc's irs form 990 is reviewed by the board of directors prior to filing.

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

Rgcdc has a formal written conflict of interest policy which requires board members to avoid any conflict of interest with respect to their fiduciary responsibility. The policy states, "there will be no self-dealing or any conduct of private business or personal services between any board member and rgcdc except as procedurally controlled to assure openness, competitive opportunity, and equal access to "inside" information". Board members sign a conflict of interest statement annually, disclosing any conflict or potential conflict as defined by the irs form 990. In any matter before the board or any of its authorized committees, having declared a conflict or potential conflict, the board member may participate in the discussion of the matter, but when the vote is called, the member will leave the room and not cast a vote. The minutes of the board meeting or committee meeting will reflect when the member left and returned.

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

A review of the executive director's compensation is conducted by the board of directors annually. The committee does a periodic comparative survey of salaries of organizations similar in size and nature.

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

Review of the finance director's and operations director's compensation is conducted by the executive director annually.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, financial statements and the irs form 990 are made available to the public upon request within three working days of the date the request was made.

Filing and Contact Details

Filer

Filer Name
Rio Grande Community Development Co
EIN
85-0348445
Phone
5052172473
Address
318 ISLETA BLVD SW, ALBUQUERQUE, NM 87105

Signing Officer

Name
Josue Olivares
Title
Exective Director
Phone
5052172473
Signed
2023-08-31

Organization Details

Principal Officer
Josue Olivares
Formed
1986
Legal Domicile
Nm
Voting Board Members
10
Independent Board Members
10
Employees
24
Volunteers
100

Preparer

Firm
Sjt Group LLC
Address
4811 HARDWARE DR NE SUITE E-4, ALBUQUERQUE, NM 87109
Preparer
Joshua Trujillo
Phone
5053128702
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 3

In 2022, rgcdc made a strategic decision to focus on building an accessible and sustainable food system in new mexico. To create the internal capacity to support this shift, while supporting new local nonprofit capacity providers, rgcdc sunset its nonprofit capacity building initiative, social impact and nonprofit community (sinc), and migrated the supported projects to other organizations. Going forward, rgcdc is committed to developing sustainable and equitable food systems to promote stronger and heathier communities, which includes expanding food business incubation, building sustainable institutional procurement, enhancing food safety, and providing healthy school meals.

Form 990, Part IX, Line 11G

Consultants and contracts 326,553 1,127 3,534

Financial Statement Notes

Schedule D, Page 3, Part X

Rgcdc is a non-profit organization and is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and has been classified by the internal revenue service as an organization that is not a private foundation. Rgcdc has adopted fasb asc 740-10, income taxes, relating to accounting for uncertain tax positions. Rgcdc has not recognized any changes to its financial statements for uncertain tax positions resulting from this adoption. Rgcdc's income tax filings for the years ended december 31, 2019, and thereafter are subject to audit by various taxing authorities.

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IRS990/Desc0RIO GRANDE COMMUNITY DEVELOPMENT CORPORATION (RGCDC) SERVES THE NEEDS OF RESIDENTS AND BUSINESS OWNERS IN BERNALILLO COUNTY, WITH A FOCUS ON THE SOUTH VALLEY AREA. RGCDC'S SOCIAL AND BUSINESS JUSTICE MISSION IS TO SUPPORT COMMUNITY-WIDE HEALTHY ECONOMIC AND SOCIAL DEVELOPMENT THAT ENRICHES TRADITIONAL CULTURAL VALUES AND HISTORICAL USES OF THE LAND. IN 2022, RGCDC SUPPORTED 27 PROGRAMS AND EVENTS THROUGH ITS TWO DIVISIONS AND AFFILIATED SERVICES.
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IRS990/MissionDesc0BE THE TRUSTED AND ACCESSIBLE COMMUNITY HUB FOR SOCIAL AND ECONOMIC ENTREPRENEURSHIP WHICH FACILITATES SELF-SUFFICIENCY WHILE HONORING THE PEOPLE'S VOICE AND CULTURE.
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IRS990/OccupancyGrp/FundraisingAmt01236
IRS990/OccupancyGrp/ManagementAndGeneralAmt04942
IRS990/OccupancyGrp/ProgramServicesAmt055598
IRS990/OccupancyGrp/TotalAmt061776
IRS990/OfficeExpensesGrp/FundraisingAmt03822
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022932
IRS990/OfficeExpensesGrp/ProgramServicesAmt068796
IRS990/OfficeExpensesGrp/TotalAmt095550
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01984
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015869
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048267
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066120
IRS990/OtherExpensesGrp/Desc0SUBGRANTEE CONTRACTS
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/FundraisingAmt01521
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06084
IRS990/OtherExpensesGrp/ProgramServicesAmt01229306
IRS990/OtherExpensesGrp/ProgramServicesAmt189584
IRS990/OtherExpensesGrp/ProgramServicesAmt268439
IRS990/OtherExpensesGrp/ProgramServicesAmt323833
IRS990/OtherExpensesGrp/TotalAmt01229306
IRS990/OtherExpensesGrp/TotalAmt189584
IRS990/OtherExpensesGrp/TotalAmt276044
IRS990/OtherExpensesGrp/TotalAmt323833
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016699
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0487135
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01511
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012087
IRS990/PayrollTaxesGrp/ProgramServicesAmt036764
IRS990/PayrollTaxesGrp/TotalAmt050362
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07483
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOSUE OLIVARES
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd2624200
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM MEMBERSHIP REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL EVENT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0113122
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt165588
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0113122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt165588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212056
IRS990/ProgSrvcAccomActy2Grp/Desc0THE SOUTH VALLEY ECONOMIC DEVELOPMENT CENTER (SVEDC) IS A COLLABORATIVE EFFORT BETWEEN BERNALILLO COUNTY AND RGCDC. IN ITS 17,000 SQUARE FOOT FACILITY LOCATED IN THE HEART OF ALBUQUQUERQUE'S SOUTH VALLEY, SVEDC SERVES AS A BUSINESS INCUBATOR BY PROVIDING BUSINESS INCUBATOR SUPPORT SERVICES AND A SITE FOR MANUFACTURING AND FOOD DISTRIBUTION. IN 2022, SVEDC SUPPORTED 44 COMPANIES AND 90 INDIVIDUALS AT VARIOUS STAGES OF GROWTH FROM AN ENTREPRENEURIAL IDEA TO A FULLY THRIVING BUSINESS. SVEDC ALSO SERVES AS A COMMUNITY BUSINESS HUB AND SOCIAL DEVELOPMENT, HOUSING 75 VIRTUAL EVENTS IN 2022.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0301730
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0113776
IRS990/ProgSrvcAccomActy3Grp/Desc0THE COLOR THEORY INITIATIVE IS A COLLABORATIVE PROGRAM WITH OTHER ALIGNED SOCIAL AND ECONOMIC DEVELOPMENT PROVIDERS FOCUSED ON OVERCOMING SYSTEMIC CHALLENGES FACING NEW MEXICO ENTREPRENEURS AND BUSINESS OWNERS OF COLOR. THE PROGRAM IS DEDICATED TO PROMOTE SHARED TECHNICAL ASSISTANCE AND DATABASE RESOURCES TO EXPAND KNOWLEDGE, ACCESS, AND OPPORTUNITIES FOR BUSINESS SUCCESS TO THOSE IN TRADITIONALLY UNDERSERVED GROUPS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0217137
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02142583
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt029
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IRS990/PYProgramServiceRevenueAmt0872857
IRS990/PYRevenuesLessExpensesAmt0484811
IRS990/PYSalariesCompEmpBnftPaidAmt01042300
IRS990/PYTotalExpensesAmt02530658
IRS990/PYTotalRevenueAmt03015469
IRS990/ReconcilationRevenueExpnssAmt0-1081938
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt037800
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt076990
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020066
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010062
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01526361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02142593
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01836276
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01971089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01781888
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09258207
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt069
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03415682
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02142593
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01836276
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01971089
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01781888
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09258207
IRS990ScheduleA/TotalSupportAmt09258276
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesAmt09932
IRS990ScheduleC/OtherActivitiesInd0true
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0RGCDC PRIMARILY EDUCATES STAKEHOLDERS ON THE NEEDS OF THE COMMUNITY, BUT RGCDC DID MAKE A SMALL PAYMENT TO THREE CONSULTANTS FOR LOBBYING ACTIVITIES AT THE NEW MEXICO LEGISLATIVE SESSION IN 2022.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
IRS990ScheduleC/TotalLobbyingExpendituresAmt09932
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0352099
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0142522
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0494621
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-16466
IRS990ScheduleD/EquipmentGrp/DepreciationAmt076881
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt060415
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0136564
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0136564
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt080993
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015329
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt096322
IRS990ScheduleD/RevenueSubtotalAmt01710904
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RGCDC IS A NON-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. RGCDC HAS ADOPTED FASB ASC 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. RGCDC HAS NOT RECOGNIZED ANY CHANGES TO ITS FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS RESULTING FROM THIS ADOPTION. RGCDC'S INCOME TAX FILINGS FOR THE YEARS ENDED DECEMBER 31, 2019, AND THEREAFTER ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0553190
IRS990ScheduleD/TotalExpensesPerForm990Amt02792842
IRS990ScheduleD/TotalRevenuePerForm990Amt01710904
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2022, RGCDC MADE A STRATEGIC DECISION TO FOCUS ON BUILDING AN ACCESSIBLE AND SUSTAINABLE FOOD SYSTEM IN NEW MEXICO. TO CREATE THE INTERNAL CAPACITY TO SUPPORT THIS SHIFT, WHILE SUPPORTING NEW LOCAL NONPROFIT CAPACITY PROVIDERS, RGCDC SUNSET ITS NONPROFIT CAPACITY BUILDING INITIATIVE, SOCIAL IMPACT AND NONPROFIT COMMUNITY (SINC), AND MIGRATED THE SUPPORTED PROJECTS TO OTHER ORGANIZATIONS. GOING FORWARD, RGCDC IS COMMITTED TO DEVELOPING SUSTAINABLE AND EQUITABLE FOOD SYSTEMS TO PROMOTE STRONGER AND HEATHIER COMMUNITIES, WHICH INCLUDES EXPANDING FOOD BUSINESS INCUBATION, BUILDING SUSTAINABLE INSTITUTIONAL PROCUREMENT, ENHANCING FOOD SAFETY, AND PROVIDING HEALTHY SCHOOL MEALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RGCDC'S IRS FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RGCDC HAS A FORMAL WRITTEN CONFLICT OF INTEREST POLICY WHICH REQUIRES BOARD MEMBERS TO AVOID ANY CONFLICT OF INTEREST WITH RESPECT TO THEIR FIDUCIARY RESPONSIBILITY. THE POLICY STATES, "THERE WILL BE NO SELF-DEALING OR ANY CONDUCT OF PRIVATE BUSINESS OR PERSONAL SERVICES BETWEEN ANY BOARD MEMBER AND RGCDC EXCEPT AS PROCEDURALLY CONTROLLED TO ASSURE OPENNESS, COMPETITIVE OPPORTUNITY, AND EQUAL ACCESS TO "INSIDE" INFORMATION". BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY, DISCLOSING ANY CONFLICT OR POTENTIAL CONFLICT AS DEFINED BY THE IRS FORM 990. IN ANY MATTER BEFORE THE BOARD OR ANY OF ITS AUTHORIZED COMMITTEES, HAVING DECLARED A CONFLICT OR POTENTIAL CONFLICT, THE BOARD MEMBER MAY PARTICIPATE IN THE DISCUSSION OF THE MATTER, BUT WHEN THE VOTE IS CALLED, THE MEMBER WILL LEAVE THE ROOM AND NOT CAST A VOTE. THE MINUTES OF THE BOARD MEETING OR COMMITTEE MEETING WILL REFLECT WHEN THE MEMBER LEFT AND RETURNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A REVIEW OF THE EXECUTIVE DIRECTOR'S COMPENSATION IS CONDUCTED BY THE BOARD OF DIRECTORS ANNUALLY. THE COMMITTEE DOES A PERIODIC COMPARATIVE SURVEY OF SALARIES OF ORGANIZATIONS SIMILAR IN SIZE AND NATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW OF THE FINANCE DIRECTOR'S AND OPERATIONS DIRECTOR'S COMPENSATION IS CONDUCTED BY THE EXECUTIVE DIRECTOR ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND THE IRS FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST WITHIN THREE WORKING DAYS OF THE DATE THE REQUEST WAS MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTANTS AND CONTRACTS 326,553 1,127 3,534
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 3
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.85$0.51$1.42$1.93$0.51
2023Summary only. Only limited summary data is available for this year.$1.69$0.67$1.02$1.68$1.52$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.26$0.40$0.86$1.71$2.79$1.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.44$1.94$3.02$2.53$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.42$1.45$2.91$2.29$0.62
2019Summary only. Only limited summary data is available for this year.$1.26$0.42$0.84$2.59$2.53$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.33$0.77$2.41$2.34$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.34$0.71$2.36$2.15$0.21
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.38$0.50$2.26$1.98$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.48$0.22$1.62$1.84$0.22
2014Detailed filing. Detailed filing data is available for this year.$0.85$0.41$0.44$1.96$2.17$0.21
2013Detailed filing. Detailed filing data is available for this year.$1.06$0.41$0.65$1.78$1.61$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.12$0.52$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.07$0.91$0.67
2010Summary only. Only limited summary data is available for this year.$0.16$0.11$0.05$0.92$0.91$0.01
Peer Organizations

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