ROCKY MOUNTEDGECOMBE COMMUNITY DEVELOPMENT CORPORATION INC

EIN: 561641865 501(c)(3)

ROCKY MOUNT, NC

Total Revenue
$646,199
Total Expenses
$849,610
Total Assets
$4,934,032
Net Assets
$3,861,290
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NC
Principal Officer
JOYCE DICKENS
Phone
2524425178
Tax Period
2018-01-01 to 2018-12-31

ROCKY MOUNTEDGECOMBE COMMUNITY DEVELOPMENT CORPORATION INC, founded in 1988, is a small nonprofit that reported $646K in total revenue in fiscal year 2018. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $850K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO RAISE THE ECONOMIC, EDUCATION AND SOCIAL LEVELS OF AREA RESIDENTS AND PROVIDE HOUSING AND BUSINESS OPPORTUNITIES FOR THE LOW INCOME AND MINORITY POPULATION IN THE ROCKY MOUNT/EDGECOMBE AREA.

Program Service Accomplishments

Program 1
Expenses: $706,880 Revenue: $292,611

PROGRAMS PROVIDE HOUSING FORECLOSURE MITIGATION & PREVENTION, OPPORTUNITIES FOR SELF SUFFICIENCY AND OPPORTUNITIES FOR AFFORDABLE HOUSING TO LOW INCOME PEOPLE AND MINORITIES. PROGRAMS ALSO PROVIDE...

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PROGRAMS PROVIDE HOUSING FORECLOSURE MITIGATION & PREVENTION, OPPORTUNITIES FOR SELF SUFFICIENCY AND OPPORTUNITIES FOR AFFORDABLE HOUSING TO LOW INCOME PEOPLE AND MINORITIES. PROGRAMS ALSO PROVIDE OPPORTUNITIES FOR JOB CREATION AND ENTERPRISE DEVELOPMENT AND PROVIDE FOR THE DEVELOPMENT OF BLIGHTED AREAS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $367,706
Program Service Revenue $292,611
Investment Income $-28,496
Other Revenue $14,378
TOTAL REVENUE $646,199

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,214
Fundraising Expenses $0
Program Expenses $706,880
Other Expenses $551,396
TOTAL EXPENSES $849,610

Year-over-Year Comparison

2018 2017 Change
Revenue $646,199 $1,008,109 -0.4%
Expenses $849,610 $1,082,733 -0.2%
Net Income $-203,411 $-74,624 +1.7%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
6
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
3
$71,115
Total Directors
6
$71,115
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE DICKENS PRESIDENT / 40.00
Officer Director
$71,115 $0 $71,115
SUSAN PERRY-COLE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
LORRAINE WILLIAMS SECRETARY 1.00
Officer Director
$0 $0 $0
BOB BARNES DIRECTOR 0.50
Director
$0 $0 $0
HAROLD LYNCH DIRECTOR 0.50
Director
$0 $0 $0
ETHEL KNIGHT BEST DIRECTOR 0.50
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
2018 $646,199 $849,610 $4,934,032 $-203,411
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