Rockaway Development & Revitalization Corp is a 501(c)(3) organization based in Far Rockaway, New York, registered in 1982, with $2,022,088 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$2.0M
▼ 7.6% vs prior year
Crime & Legal median: $309K
Expenses (FY2023)
$2.5M
Net assets
$1.3M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Rockaway Development & Revitalization Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rockaway Development & Revitalization Corp: 6 mo reserves · -22% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Rockaway Development & Revitalization Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rockaway Development & Revitalization Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.4M (FY2019) to $2.0M (FY2023) across 5 reported years.
Financial snapshot
Operating margin
-22.0%
Spent more than it raised in the latest fiscal year.
Total assets
$2.2M
Total liabilities
$886K
Net assets
$1.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,022,088▼7.6% | $2,467,586▲17.1% | $1,270,837▼26.0% | $2,156,355▼11.7% | 990 |
| 2022 | $2,187,316▲25.2% | $2,106,773▲19.7% | $1,716,335▲4.9% | $2,443,194▲8.9% | 990 |
| 2021 | $1,747,216▲1.2% | $1,759,755▲5.5% | $1,635,792▼0.8% | $2,242,645▲0.4% | 990 |
| 2020 | $1,726,927▲20.5% | $1,667,708▲3.8% | $1,648,331▲3.7% | $2,234,678▼3.7% | 990 |
| 2019 | $1,433,659 | $1,607,403 | $1,589,112 | $2,319,603 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
4 grants to Rockaway Development & Revitalization Corp totaling $171K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Local Initiatives Support Corporation | See part iv | 2022 | $78,750 |
| Local Initiatives Support Corporation | See part iv | 2021 | $30,000 |
| Robin Hood Foundation | Poverty relief | 2021 | $30,000 |
| Local Initiatives Support Corporation | See part iv | 2020 | $32,500 |
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Data for Rockaway Development & Revitalization Corp (EIN 11-2575794) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.