Ronceverte Development Corporation
- Assets
- $84.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ronceverte, WV
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 90-0161831
Organization Overview
Ronceverte Development Corporation is located in Ronceverte, WV. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronceverte Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Ronceverte Development Corporation generated $98.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $124.8k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE RONCEVERTE DEVELOPMENT CORPORATION (RDC) WAS ESTABLISHED IN 2005, TO ENHANCE BUSINESS DEVELOPMENT IN THE MAIN STREET DISTRICT OF RONCEVERTE. RDC UTILIZES GRANTS, CONTRIBUTIONS AND TALENTS OF THE TOWN TO PROVIDE IMPROVEMENT, GROWTH AND DEVELOPMENT FOR THE 1,500 OR MORE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Meriwether Treasurer | 5 | $0 | |
Gail White Secretary | 0 | $0 | |
Joe Mcgraw Resident | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,412 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,423 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,285 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $122,513 |
| Total expenses | $124,798 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,526 |
| Other assets | $0 |
| Total assets | $84,730 |
| Total liabilities | $46,262 |
| Net assets or fund balances | $38,468 |