R3 Development Nfp
- Assets
- $487.3k
- Revenue
- $679.3k
- Investments
- $0.0
- Employees
- 40
- Location
- East Saint Louis, IL
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-3017705
Organization Overview
R3 Development Nfp is located in East Saint Louis, IL. The organization was established in 2015. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, R3 Development Nfp employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R3 Development Nfp 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 12/2023, R3 Development Nfp generated $679.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $601.0k during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VISION OF R3 DEVELOPMENT IS TO SEE ENTIRE GENERATIONS IN EAST ST. LOUIS EMPOWERED TO GRASP THEIR WORTH AND TRANSFORM THEIR COMMUNITIES. AS A COMMUNITY AND WORKFORCE DEVELOPMENT ORGANIZATION, WE EXIST TO EMPOWER THE YOUTH OF EAST ST. LOUIS WITH JOB OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A VEHICLE FOR JOB-TRAINING AND COMMUNITY TRANSFORMATION, R3 EMPLOYS YOUTH TO REHAB BLIGHTED OR DILAPIDATED PROPERTIES IN EAST ST. LOUIS, ILLINOIS. WE TRAIN OUR YOUTH TO GROW IN HEALTHY RELATIONSHIPS AS WELL AS EMPOWER THEM WITH SKILLS NEEDED TO SUCCESSFULLY ENTER THE WORKFORCE. WE SPECIALIZE IN CONSTRUCTION TRADES TRAINING. WE HOST PROGRAMS THAT ENCOURAGE RACIAL RECONCILIATION IN THE EAST ST. LOUIS REGION WHERE HUNDREDS OF OUTSIDE VOLUNTEERS SERVE THE MISSION THROUGH PARTNERIGIN IN HOME REHAB EVENTS ATTENDED BY MULTIPLE RACES.
YOUTHBUILD PROVIDES ALTERNATIVE SCHOOLING FOR OPPORTUNITY YOUTH (AGES 16-24) WHO NEED SPECIALIZED HELP OBTAINING THEIR HIGH SCHOOL DIPLOMA AND PREPARING FOR THEIR FUTURE THE PROGRAM MEETS THREE TIMES PER WEEK AND INCLUDES ONE-ON-ONE TUTORING USING PENN FOSTER TO OBTAIN A HIGH SCHOOL DIPLOMA, CONSTRUCTION CREDENTIALS IN CARPENTRY AND SOLAR INSALLATION THROUGH THE NATIONAL CENTER FOR CONSTRUCTION EDUCATION AND RESEARCH (NCCER), AND A LEADERSHIP AND RESPONSIBILITY COMPONENT INTERTWINED INTO THE FABRIC OF THE PROGRAM. WE PROVIDE THOROUGH CASE MANAGEMENT SERVICES IN COLLABORATION WITH LOCAL PARTNERS TO PROVIDE "WRAPAROUND SERVICES" FOR EVERYTHING FROM BUYING WORK CLOTHES TO CHILDCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dj Mernick President | OfficerTrustee | 10 | $0 |
Johnathan Tate Treasurer | OfficerTrustee | 1 | $0 |
Shirley Simmons Director | Trustee | 1 | $0 |
Jazlyn Stanciel Director | Trustee | 1 | $0 |
Edith Laktzian Director | Trustee | 1 | $0 |
Carissa Sterling Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $597,706 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,706 |
| Total Program Service Revenue | $73,393 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $679,300 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,479 |
| Payroll taxes | $28,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $19,838 |
| Insurance | $21,255 |
| All other expenses | $4,924 |
| Total functional expenses | $600,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,439 |
| Accounts receivable, net | $775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,986 |
| Prepaid expenses and deferred charges | $8,716 |
| Net Land, buildings, and equipment | $291,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $487,277 |
| Accounts payable and accrued expenses | $18,127 |
| 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 | $0 |
| Secured mortgages and notes payable | $93,610 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $825 |
| Total liabilities | $112,562 |
| Net assets without donor restrictions | $364,715 |
| Net assets with donor restrictions | $10,000 |
| 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 | $487,277 |