Roosevelt Row Community Developmentcorporation
- Assets
- $87.1k
- Revenue
- $141.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Phoenix, AZ
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-5937475
Organization Overview
Roosevelt Row Community Developmentcorporation is located in Phoenix, AZ. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Roosevelt Row Community Developmentcorporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt Row Community Developmentcorporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Roosevelt Row Community Developmentcorporation generated $141.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $164.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE ARTS-FOCUSED INITIATIVES FOR ARTISTS, ENTREPRENEURS AND RESIDENTS, CULTIVATING CREATIVE SPACE WITHIN A SUSTAINABLE ROOSEVELT ROW ARTS DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPDATED OUR MISSION. IMPLEMENTED VIRTUAL PROGRAMMING. INITIATED A NEW EMERGING BIPOC MURAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Otto Executive Director Until 9/17/2021 | Officer | 40 | $32,813 |
Adan Madrigal Executive Director Since 11/1/2021 | Officer | 40 | $6,160 |
Eunique Yazzie Treasurer | OfficerTrustee | 5 | $0 |
Leah Marche Secretary | OfficerTrustee | 5 | $0 |
Megan Schmitz President | OfficerTrustee | 5 | $0 |
Ruben Alonzo Vice-President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,017 |
| Total Program Service Revenue | $49,392 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,583 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,973 |
| Compensation of current officers, directors, key employees. | $3,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,330 |
| Advertising and promotion | $10,436 |
| Office expenses | $2,668 |
| Information technology | $12,499 |
| Royalties | $0 |
| Occupancy | $11,315 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,703 |
| Insurance | $6,854 |
| All other expenses | $0 |
| Total functional expenses | $164,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,986 |
| Savings and temporary cash investments | $17,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,226 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $87,146 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,550 |
| Secured mortgages and notes payable | $99,222 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $101,772 |
| Net assets without donor restrictions | -$14,626 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $87,146 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roosevelt Row Community Developmentcorporation has recieved totaling $23.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego Convention And Tourist Bureau San Diego, CA | $10,248,135 | $28,266,235 |
Cdc Small Business Finance Corp San Diego, CA | $123,395,668 | $31,738,512 |
Mission Economic Development Agency San Francisco, CA | $193,556,070 | $20,206,962 |
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |