RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION

EIN: 650378328 501(c)(3) Religion

MIAMI, FL

Total Revenue
$572,203
Total Expenses
$106,886
Total Assets
$803,888
Net Assets
$717,464
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
FL
Principal Officer
PATRICK A MERIT
Phone
3052326611
Tax Period
2024-04-01 to 2025-03-31

RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit in the Religion sector that reported $572K in total revenue in fiscal year 2024. The organization ran a surplus of $465K, a strong 81% operating margin.

Mission

THE PURPOSE OF THE RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION (RHCDC) IS TO SERVE AS AN UMBRELLA ORGANIZATION ENCOMPASSING ALL COMMUNITY ORGANIZATIONS IN RICHMOND HEIGHTS. ITS FOCUS IS ON EXPANDING ECONOMIC DEVELOPMENT OPPORTUNITIES, INCREASING HOUSING OPPORTUNITIES, PROMOTING COMPREHENSIVE NEIGHBORHOOD REVITALIZATION AND ENSURING THE EFFICIENT DELIVERY OF SOCIAL SERVICES, PARTICULARLY TO THE SENIOR CITIZENS AND YOUTH OF THE NEIGHBORHOOD.

Program Service Accomplishments

Program 1
Expenses: $10,564

THE RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION CONCENTRATES ITS ACTIVITIES IN ECONOMIC DEVELOPMENT BY INCREASING PROPERTY VALUES, JOB OPPORTUNITIES AND THE NUMBER OF LOCALLY OWNED BUSINESSES...

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THE RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION CONCENTRATES ITS ACTIVITIES IN ECONOMIC DEVELOPMENT BY INCREASING PROPERTY VALUES, JOB OPPORTUNITIES AND THE NUMBER OF LOCALLY OWNED BUSINESSES IN RICHMOND HEIGHTS. IN ADDITION, IT WORKS TO INCREASE THE NUMBER OF HOMEOWNERS IN RICHMOND HEIGHTS AND REDUCE THE NUMBER OF VACANT SINGLE-FAMILY HOMES. THE RHCDC ALSO RAISES AWARENESS OF SOCIAL SERVICES AVAILABLE TO RESIDENTS THEREBY IMPROVING THE QUALITY OF LIFE.

Program 2
Expenses: $14,966

PROVIDING A BIANNUAL COMMUNITY NEWSLETTER THAT WOULD FEATURE POSITIVE NEWS AND INFORMATION FOR AND ABOUT THE COMMUNITY ON A QUARTERLY BASIS. THE ADVOCATE SERVES AS A VEHICLE TO KEEP THE COMMUNITY...

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PROVIDING A BIANNUAL COMMUNITY NEWSLETTER THAT WOULD FEATURE POSITIVE NEWS AND INFORMATION FOR AND ABOUT THE COMMUNITY ON A QUARTERLY BASIS. THE ADVOCATE SERVES AS A VEHICLE TO KEEP THE COMMUNITY INFORMED AND IS A RESOURCE THAT IS SECOND TO NONE.

Program 3
Expenses: $36,530

THE RHCDC ESTABLISHED A SCHOLARSHIP PROGRAM FOR GRADUATING HIGH SCHOOL SENIORS. THE PURPOSE OF THIS SCHOLARSHIP PROGRAM IS TO COMMEND, ENCOURAGE AND SUPPORT RICHMOND HEIGHTS' ASPIRING YOUNG LEADERS...

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THE RHCDC ESTABLISHED A SCHOLARSHIP PROGRAM FOR GRADUATING HIGH SCHOOL SENIORS. THE PURPOSE OF THIS SCHOLARSHIP PROGRAM IS TO COMMEND, ENCOURAGE AND SUPPORT RICHMOND HEIGHTS' ASPIRING YOUNG LEADERS. THE RECIPIENTS OF THE RHCDC SCHOLARSHIPS ARE THE EPITOME OF STRONG WORK ETHICS COMBINED WITH DILIGENT STUDY. IN ADDITION TO EXCELLING SCHOLASTICALLY, ALL OF THE AWARDEES HAVE CONTRIBUTED TO THE COMMUNITY BY VOLUNTEERING WITH CIVIC OR CHARITABLE ORGANIZATIONS, AND/OR SERVING IN EXTRA-CURRICULAR LEADERSHIP ACTIVITIES.

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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 $125,000
Program Service Revenue $0
Investment Income $8,319
Other Revenue $438,884
TOTAL REVENUE $572,203

Expense Breakdown

Grants Paid $24,000
Salaries & Benefits $36,903
Fundraising Expenses $0
Program Expenses $62,060
Other Expenses $45,983
TOTAL EXPENSES $106,886

Year-over-Year Comparison

2024 2023 Change
Revenue $572,203 N/A N/A
Expenses $106,886 N/A N/A
Net Income $465,317 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK BECKFORD DIRECTOR 1.00
Director
$0 $0 $0
KAREN WEBB PRESIDENT 1.00
Officer
$0 $0 $0
FRIEDA BROWN SECRETARY 1.00
Officer
$0 $0 $0
JOHN GORE TREASURER 1.00
Officer
$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
2025 $572,203 $106,886 $803,888 $465,317
2020 $219,344 $132,478 $306,493 $86,866
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