RCCG CHAPEL OF RESTORATION INC

EIN: 134017743 501(c)(3) Philanthropy & Grantmaking

Bronx, NY

Total Revenue
$1,452,680
Total Expenses
$1,431,301
Total Assets
$220,393
Net Assets
$220,393
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
PASTOR AJAYI ADENIRAN
Phone
9178324712
Tax Period
2024-01-01 to 2024-12-31

RCCG CHAPEL OF RESTORATION INC, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 164% from the prior year, signaling strong growth momentum.

Mission

As received by Pastor E. A. Adeboye, the General Overseer G.O., and communicated to the headquarters leaders, our vision and mission statement will remain intact. However, considering the unique demographics of the North American region, we add the following qualifiers: Our primary goal remains to make heaven. We aim to bring as many people with us as possible. We aspire to have a member of RCCG Redeemed Christian Church of God in every family across all nations. To achieve goal 1, holiness will be our guiding lifestyle. For goals 2 and 3, we commit to planting churches within a five-minute walking distance or a five-minute driving distance in every city and town of developing countries. In North America and Caribbean countries, any new parish location must be at least 10 minutes away from an existing parish. Our relentless pursuit is to reach every nation in the world for the Lord Jesus Christ.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,452,680
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,452,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,930
Fundraising Expenses $0
Other Expenses $1,269,371
TOTAL EXPENSES $1,431,301

Year-over-Year Comparison

2024 2023 Change
Revenue $1,452,680 $549,725 +1.6%
Expenses $1,431,301 $529,127 +1.7%
Net Income $21,379 $20,598 +0.0%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PASTOR AJAYI ADENIRAN Chairman 0.00
Director
$0 $0 $0
ELDER PATRICK OSAGIE Director 0.00
Director
$0 $0 $0
ELDER STELLA SULE Director 4.00
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
2024 $1,452,680 $1,431,301 $220,393 $21,379
2023 $549,725 $529,127 $199,014 $20,598
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