Civic Intelligence

Rio Grande Community Development Corporation

990 • Fiscal year 2023 • EIN 85-0348445

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.40x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

61st percentile

9.8%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$80,243

Higher top officer pay than 58% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

84th percentile

34%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-1.7%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$1,691,512

Flat from 2023

Net Assets

Flat

$1,021,027

Flat from 2023

Liabilities

Flat

$670,485

Flat from 2023

Revenue

Flat

$1,682,102

Flat from 2023

Expenses

Flat

$1,516,748

Flat from 2023

Net Income

Flat

$165,354

Flat from 2023

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 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

2023

Assets$1,691,512
Liabilities$670,485
Net Assets$1,021,027

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 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

2023

Revenue$1,682,102
Expenses$1,516,748
Net Income$165,354
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,682,102
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$685,896$1,134,479▲ $448,583
Land, Buildings, and Equipment, Net$553,190$523,608▼ $29,582
Pledges and Grants Receivable$10,442$23,282▲ $12,840
Savings and Temporary Cash Investments$10,062$10,143▲ $81
Total Assets$1,259,590$1,691,512▲ $431,922
Liabilities
Mortgage Notes Payable Secured by Investment Property$369,311$342,958▼ $26,353
Unsecured Notes Loans Payable-$200,000-
Accounts Payable and Accrued Expenses$34,606$127,527▲ $92,921
Total Liabilities$403,917$670,485▲ $266,568
Net Assets / Fund Balance
Net Assets With Donor Restrictions$181,748$1,272,222▲ $1,090,474
Net Assets Without Donor Restrictions$673,925$-251,195▼ $925,120
Total Net Assets Fund Balance$855,673$1,021,027▲ $165,354
Total Liabilities and Net Assets / Fund Balance$1,259,590$1,691,512▲ $431,922

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$339,734$154,887$494,621
Land$136,564-$136,564
Other Land Buildings$27,157$69,165$96,322
Equipment$20,153$48,172$68,325
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Josue OlivaresExective DirectorFT$74,014$6,229$80,243

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,490,672
Program Service Revenue
$149,868
Investment Income
$897
Other Revenue
$40,665
All Other Contributions
$1,159,559
Change in Net Assets
$165,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,682,102
Total Revenue per Audited Statements
$1,682,102
Total Revenue per Form 990
$1,682,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$740,568
Other Expenses$643,105
Grants and Similar Amounts Paid$133,075
Total Fundraising Expense$100,555
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$337,596$154,747$52,833$545,176
Fees for Services Other$175,318$60$9,996$185,374
Grants to Domestic Orgs$133,075--$133,075
Other Employee Benefits$46,037$21,103$7,205$74,345
Current Officers, Directors, Trustees, and Key Employees$45,832$21,009$7,173$74,014
Office Expenses$36,227$36,546$367$73,140
Occupancy$58,303$5,182$1,295$64,780
Payroll Taxes$29,125$13,350$4,558$47,033
Depreciation Depletion$33,743$2,999$750$37,492
Fees for Services Accounting$480$30,669-$31,149
All Other Expenses$15,556$8,704$506$24,766
Interest$21,806$1,938$485$24,229
Insurance$15,864$1,410$353$17,627
Other Expenses$10,825$5,206$1,419$16,031
Advertising-$14,171-$14,171
Fees for Services Lobbying--$11,314$11,314
Fees for Services Legal$110$7,011-$7,121
Travel$2,523$1,443$2,301$6,267
Total Functional Expenses$1,084,892$331,301$100,555$1,516,748

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,516,748
Total Expenses per Audited Statements$1,516,748
Total Expenses per Form 990$1,516,748
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Agri-cultura Network IncAlbuquerque, NM501c3Local Food Promotion$60,075
Center for Civic PolicyAlbuquerque, NM501c3Color Theory$33,000
WOMEN'S ECONOMIC SELF-SUFFICIENCYAlbuquerque, NM501c3Color Theory$33,000
Siembra Leadership High SchoolAlbuquerque, NM501c3Color Theory$7,000
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
Javier Rojo
Title
Executive Director
Phone
5052172473
Signed
2024-11-15

Organization Details

Principal Officer
Javier Rojo
Formed
1986
Legal Domicile
Nm
Voting Board Members
11
Independent Board Members
11
Employees
16
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, Part IX, Line 11G

Consultants 175,318 60 9,996

Financial Statement Notes

Schedule D, Page 3, Part X

Rgcdc is a non-profit organization and is exmept 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, 2020, and thereafter are subject to audit by various taxing authorities.

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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/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1COMMUNITY ENGAGEMENT
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IRS990/OtherExpensesGrp/TotalAmt223435
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAVIER ROJO
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1624200
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IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt143264
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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. SVEDC ALSO SERVES AS A COMMUNITY BUSINESS HUB AND SOCIAL DEVELOPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0286699
IRS990/ProgSrvcAccomActy2Grp/GrantAmt073000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0106800
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/ExpenseAmt0320722
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01526361
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IRS990/PYOtherRevenueAmt037800
IRS990/PYProgramServiceRevenueAmt0190766
IRS990/PYRevenuesLessExpensesAmt0-1081938
IRS990/PYSalariesCompEmpBnftPaidAmt0685243
IRS990/PYTotalExpensesAmt02792842
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IRS990/RentalIncomeOrLossGrp/RealAmt040665
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01836276
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IRS990ScheduleC/MailingsMembersInd0false
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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 2023.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
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IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0339734
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt048172
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RGCDC IS A NON-PROFIT ORGANIZATION AND IS EXMEPT 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, 2020, AND THEREAFTER ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3

Document Assets

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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
2023Detailed filing. Detailed filing data is available for this year.$1.69$0.67$1.02$1.68$1.52$0.17
2023Summary only. Only limited summary data is available for this year.$1.69$0.67$1.02$1.68$1.52$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$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