RVC COMMUNITY FUND INC

EIN: 112882035 501(c)(3) Human Services

ROCKVILLE CENTRE, NY

Total Revenue
$222,710
Total Expenses
$58,596
Total Assets
$293,525
Net Assets
$263,805
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NY
Principal Officer
PETER KLUGEWICZ
Phone
5166039142
Tax Period
2019-10-01 to 2020-09-30

RVC COMMUNITY FUND INC, founded in 1987, is a small nonprofit in the Human Services sector that reported $223K in total revenue in fiscal year 2019. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 74% operating margin.

Mission

THE CORPORATION WAS FORMED PRIMARILY TO ASSIST IN THE RELIEF AND AID OF NEEDY YOUTHS, SENIOR CITIZENS AND FAMILIES IN THE VILLAGE OF ROCKVILLE CENTRE. THE FUND WILL PROVIDE FUNDS DIRECTLY OR BY CONTRIBUTIONS TO OTHER NOT-FOR-PROFIT GROUPS WHOSE PURPOSE IS OF SIMILAR NATURE TO THE FUND. THE FUND WILL GRANT LOANS FREE OF INTEREST OR ANY OTHER CHARGES OR BY AIDING AND ASSISTING IN THE ECONOMIC REHABILITATION OF DESERVING PERSONS WITHIN THE VILLAGE OF ROCKVILLE CENTRE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $123,755
Program Service Revenue $0
Investment Income $0
Other Revenue $98,955
TOTAL REVENUE $222,710

Expense Breakdown

Grants Paid $51,630
Salaries & Benefits $0
Fundraising Expenses $4,140
Program Expenses $51,630
Other Expenses $6,966
TOTAL EXPENSES $58,596

Year-over-Year Comparison

2019 2018 Change
Revenue $222,710 $120,027 +0.9%
Expenses $58,596 $80,705 -0.3%
Net Income $164,114 $39,322 +3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS X MURRAY PRESIDENT 0.00
Director
$0 $0 $0
NANCY HOWARD TRUSTEE 0.00
Director
$0 $0 $0
MICHAEL SEPE TRUSTEE 0.00
Director
$0 $0 $0
EMILIO GRILLO TRUSTEE 0.00
Director
$0 $0 $0
PETER KLUGEWICZ TRUSTEE 0.00
Director
$0 $0 $0
GREGORY RINN TRUSTEE 0.00
Director
$0 $0 $0
JEFFREY GREENFIELD TRUSTEE 0.00
Director
$0 $0 $0
THOMAS GALLUCCI TRUSTEE 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $222,710 $58,596 $293,525 $164,114
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