Rising Communities Economic Development

EIN: 661027142 501(c)(3) Philanthropy & Grantmaking

yauco, PR

Total Revenue
$133,416
Total Expenses
$131,125
Total Assets
$2,280
Net Assets
$2,280
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
PR
Principal Officer
Jossie Melendez Cruz
Phone
7876015180
Tax Period
2024-01-01 to 2024-12-31

Rising Communities Economic Development, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $133K in total revenue in fiscal year 2024. Revenue surged 133316% from the prior year, signaling strong growth momentum.

Mission

Operates and administers programs that promote social well-being to enhance the quality of life of citizens.

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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 $133,416
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $133,416

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,655
Fundraising Expenses $0
Program Expenses $118,003
Other Expenses $64,470
TOTAL EXPENSES $131,125

Year-over-Year Comparison

2024 2023 Change
Revenue $133,416 $100 +1333.2%
Expenses $131,125 $111 +1180.3%
Net Income $2,291 $-11 -209.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
12

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
$30,547
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jossie Melndez President 16.00
Officer
$30,547 $0 $30,547
Milagros Ocasio Vocal 5.00
Officer
$0 $0 $0
Raquel Lugo Padilla Tesorera 5.00
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
2024 $133,416 $131,125 $2,280 $2,291
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