Resources For Community Development
- Assets
- $96.1m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 46
- Location
- Berkeley, CA
- Founding
- 10/1984
- Data as of
- 06/2021
- EIN
- 94-2952466
Organization Overview
Resources For Community Development is located in Berkeley, CA. The organization was established in 1984. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Resources For Community Development employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resources For Community Development 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 06/2021, Resources For Community Development generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $9.8m during the year ending 06/2021. While expenses have increased by 7.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESOURCES FOR COMMUNITY DEVELOPMENT CREATES AND PRESERVES AFFORDABLE HOUSING FOR PEOPLE WITH THE FEWEST OPTIONS, TO BUILD COMMUNITY AND ENRICH LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE DEVELOPMENT: RCD HAS A STRONG RECORD OF DEVELOPING AND PRESERVING AFFORDABLE HOUSING AND COMMUNITY-SERVING FACILITIES, INCLUDING MULTI-FAMILY, SENIOR AND SPECIAL NEEDS PROPERTIES PROVIDING RENTAL APARTMENTS. ABOUT A THIRD OF OUR PORTFOLIO UNITS ARE RESERVED FOR PEOPLE WITH SPECIAL NEEDS. RCD IS ALSO A LEADER IN USING GREEN BUILDING CONSTRUCTION METHODS.
COMMUNITY DEVELOPMENT:RCD'S COMMUNITY DEVELOPMENT INITIATIVE EXTENDS BEYOND OUR DEVELOPMENTS TO THE SURROUNDING NEIGHBORHOODS. USING PLACEMAKING STRATEGIES THAT ALLOW RESIDENTS TO DEFINE AND DEVELOP WHAT WILL STRENGTHEN THEIR NEIGHBORHOODS, WE HELP SUPPORT LOW-INCOME COMMUNITIES AS THEY RESPOND TO OPPORTUNITIES AND CHALLENGES.
ASSET MANAGEMENT:RCD'S PORTFOLIO OF 64 PROPERTIES IS MANAGED BY THE ASSET MANAGEMENT DEPARTMENT. THE DEPARTMENT'S OBJECTIVES FALL INTO TWO CATEGORIES, OPERATIONAL AND FINANCIAL. OPERATIONAL GOALS INCLUDE MAINTAINING PROJECTS IN SAFE, HABITABLE AND RENTABLE CONDITIONS AND MAINTAINING TENANT SATISFACTION. FINANCIAL GOALS INCLUDE MAINTAINING POSITIVE CASH FLOW AND PRESERVING HEALTHY RESERVES AND MANAGING ITS USE FOR GENERAL OPERATIONS AND CONTINGENCIES.
RESIDENT SERVICES PROGRAM: RCD'S RESIDENT SERVICES PROGRAM ADDRESSES THE MANY CHALLENGES THAT VULNERABLE POPULATIONS FACE IN RETAINING THEIR HOUSING AND MOVING FORWARD SOCIALLY AND ECONOMICALLY. RCD PROVIDES INDIVIDUAL COUNSELING THROUGH SOCIAL SERVICES PARTNERSHIPS AND SERVICE REFERRALS AS WELL AS COORDINATION OF ONSITE SERVICE PROGRAMS FOR RESIDENTS. IN ADDITION RCD PROVIDES AFTER SCHOOL PROGRAMS FOR YOUTH, COMPUTER TRAINING, EDUCATIONAL WORKSHOPS, AND RECREATIONAL AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Artise Hardy Vice President | OfficerTrustee | 0.8 | $0 |
Courtney Jones Director | Trustee | 0.3 | $0 |
David Tom Director | Trustee | 0.3 | $0 |
Dianna Garrett Director | Trustee | 0.7 | $0 |
Richard Shapiro Director | Trustee | 0.6 | $0 |
Janet Kennedy President | OfficerTrustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nibbi Brothers General Contractors General Contractor | 6/29/21 | $3,220,146 |
Jh Fitzmaurice Inc General Contractor | 6/29/21 | $1,119,913 |
Lifelong Medical Care Inc Service Provider | 6/29/21 | $256,982 |
Roux Associates Inc Environmental Consultant | 6/29/21 | $248,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,222,514 |
| Investment income | $585,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,678 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,607,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $21,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $389,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,228,453 |
| Pension plan accruals and contributions | $123,063 |
| Other employee benefits | $417,022 |
| Payroll taxes | $334,376 |
| Fees for services: Management | $88,416 |
| Fees for services: Legal | $8,953 |
| Fees for services: Accounting | $158,832 |
| Fees for services: Lobbying | $10,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,590 |
| Advertising and promotion | $17,459 |
| Office expenses | $9,428 |
| Information technology | $74,236 |
| Royalties | $0 |
| Occupancy | $121,998 |
| Travel | $6,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $787,483 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $526,137 |
| Insurance | $126,454 |
| All other expenses | $0 |
| Total functional expenses | $9,831,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,495,982 |
| Savings and temporary cash investments | $2,379,462 |
| Pledges and grants receivable | $150,803 |
| Accounts receivable, net | $521,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,571,333 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $493,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $163,068 |
| Other assets | $56,500,476 |
| Total assets | $96,062,832 |
| Accounts payable and accrued expenses | $1,178,986 |
| Grants payable | $0 |
| Deferred revenue | $29,902 |
| 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 | $32,592,809 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,050,905 |
| Total liabilities | $38,852,602 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $57,210,230 |
Grants Awarded
Over the last fiscal year, Resources For Community Development has awarded $358,229 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH LANE RUBICON PARTNERS PURPOSE: FORGIVENESS OF PARTNERSHIP MANAGEMENT FEE | $316,513 |
CAMARA HOUSING ASSOCIATES LP PURPOSE: FORGIVENESS OF PARTNERSHIP MANAGEMENT FEE | $5,000 |
HARRISON HOTEL ASSOCIATES PURPOSE: FORGIVENESS OF PARTNERSHIP MANAGEMENT FEE | $233,816 |
IDAHO APARTMENTS ASSOCIATES PURPOSE: FORGIVENESS OF PARTNERSHIP MANAGEMENT FEE | $23,774 |
HARRISON HOTEL INC PURPOSE: CONTRIBUTE ALVES PARTNERS DISTRIBUTION | -$220,874 |