Overview
What is Rochester Downtown Development Corporation?
The Rochester Downtown Development Corporation (RDDC) is a nonprofit organization located at 100 Chestnut Street, Rochester, NY 14604. Their primary mission is to stimulate economic growth in Downtown Rochester by fostering innovation and collaboration. In 2022, they established The Commissary, which operates independently, and expanded their team by searching for a President, Operations Manager, and Membership Director. The RDDC primarily relies on grants and contributions for its operations, demonstrating their commitment to their cause. By driving economic vitality, they contribute to the overall development and prosperity of Downtown Rochester.
Official website here: www.rochesterdowntown.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Rochester Downtown Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 96% in both overall performance and accountability, the organization demonstrates strong management practices and a commitment to transparency in its operations.
The organization excels in various areas, including having a fully independent board and robust financial oversight mechanisms. It has a significant program expense ratio of 80.36%, reflecting a strong commitment to utilizing funds for its mission. Additionally, the nonprofit has established thorough policies related to conflict of interest, whistleblower protections, and document retention, ensuring ethical governance and operational integrity.
While the data reflects solid strengths in management and financial practices, there are no noted limitations in the feedback provided. Overall, the Rochester Downtown Development Corporation stands out as a well-managed organization with a significant focus on community development and transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rochester Downtown Development Corporation?
92% of 38 reviewers on Facebook recommend the Rochester Downtown Development Corporation. Here’s a brief overview of what they are saying:
Many users express a strong positive sentiment towards the city of Rochester and its development initiatives. One review stands out, highlighting the appeal of Rochester as a prime destination in Western New York. The feedback suggests that efforts in the downtown area are making it an attractive place for visitors, encouraging people to travel from nearby cities.
Overall, the reviews reflect satisfaction with the ongoing development and promotion of Rochester, indicating that the nonprofit is achieving its aim of enhancing the city’s appeal.
This AI summary has been generated from reviews found on Facebook.
Is Rochester Downtown Development Corporation legitimate?
Rochester Downtown Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Downtown Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $216,554
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,431
For more financial information, click here
Official website here: www.rochesterdowntown.com/
What is the mission statement of Rochester Downtown Development Corporation?
The Rochester Downtown Development Corporation's mission is to stimulate economic growth in the downtown area by fostering innovation and promoting collaborative efforts. They achieve this objective by driving economic vitality, leveraging their influence to stimulate development and improvement in the downtown sector. In 2022, the corporation focused on a Business Improvement District (BID) effort, leading to the operation of The Commissary with enhanced independence. Their primary funding sources include grants and contributions.
Official website here: www.rochesterdowntown.com/
Who is the CEO of Rochester Downtown Development Corporation?
Galin Brooks is the Past Chair of Rochester Downtown Development Corporation. The CEO's salary of Rochester Downtown Development Corporation is $94,116 and their total compensation is $109,594.
Official website here: www.rochesterdowntown.com/
What is the revenue of Rochester Downtown Development Corporation?
Rochester Downtown Development Corporation's revenue in 2022 was $1,353,094.
Official website here: www.rochesterdowntown.com/
Who are the executives of Rochester Downtown Development Corporation and what are their salaries?
The average compensation at Rochester Downtown Development Corporation during 2022 was $88,397. There are 5 employees and 60 volunteers at Rochester Downtown Development Corporation.
Here are 54 key members and their salaries (Rochester Downtown Development Corporation's CEO's salary is $94,116 and their total compensation is $109,594):
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- Other: $15,478
Official website here: www.rochesterdowntown.com/
Where can I find the form 990 for Rochester Downtown Development Corporation?
Rochester Downtown Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rochesterdowntown.com/
Learn more at the official website: www.rochesterdowntown.com/
Mission Statement of Rochester Downtown Development Corporation
Rochester Downtown Development Corporation (RDDC) is a nonprofit organization that is dedicated to fostering economic growth and vitality in Downtown Rochester. They accomplish this mission through innovative strategies and collaborative efforts. RDDC's primary focus is on driving economic development, aiming to create a thriving and dynamic downtown area. Their approach involves fostering collaboration between various stakeholders, promoting innovation, and providing support where needed. In 2022, they launched a search for key leadership positions to further their BID (Business Improvement District) efforts, demonstrating their commitment to this mission. The organization's activities are primarily funded through grants and contributions, indicating a reliance on external support and partnerships to achieve its goals.
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Impact
October, 2024
Rochester Downtown Development Corporation (RDDC) significantly impacts the economic vitality of Downtown Rochester through innovation and collaboration. In 2022, the organization successfully transitioned The Commissary to operate more independently, enhancing its focus on fostering business growth and community development. This strategic shift allows RDDC to pursue its mission more effectively, mobilizing resources to support the Business Improvement District (BID) efforts. By prioritizing the recruitment of key leadership roles, including a President, Operations Manager, and Membership Director, RDDC is positioning itself to drive further economic success and community improvement in the area, leveraging grants and contributions to support its initiatives. Overall, the RDDC plays a crucial role in revitalizing Downtown Rochester, creating a vibrant hub for commerce and community engagement.
This information is meant to be a general summary of Rochester Downtown Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $406
- Program Service Revenue: $192,706
- Gross Receipts: $1,353,094
Assets and Liabilities:
- Total Assets: $2,561,119
- Total Liabilities: $942,318
- Net Assets: $1,618,801
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$123,830
RDDC Events
Revenue
$68,876
Organization Details
Founding Year
1975
Phone
(585) 546-6920Principal Officer
Galin Brooks
Main Address
100 Chestnut Street 1910, Rochester, NY, 14604
Website
www.rochesterdowntown.com/NTEE Category
Code: S30 - Community improvement
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