Overview
What is Rock River Development Partnership Inc A Not-For-Profit Corporation?
Rock River Development Partnership Inc, a not-for-profit corporation located in Rockford, Illinois, is dedicated to fostering business growth and community enrichment. Their mission involves organizing and coordinating redevelopment efforts within the city, focusing on revitalizing the historic downtown area. By acting as entrepreneurial and experiential market makers, they connect local entrepreneurs with potential customers, aiming to stimulate the economy in Rockford's urban core and commercial districts. With around 19 employees, they are committed to enhancing the community by bringing businesses and people together.
Official website here: www.rrdp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Stars
Rock River Development Partnership Inc has received a Two-Star rating from Charity Navigator, indicating some areas of strength alongside notable weaknesses. The organization excels in accountability and finance, achieving a perfect score in several areas, including the independence of board members, financial statements oversight, and the absence of material asset diversion. These attributes demonstrate a commitment to transparency and responsible governance.
However, the organization has significant limitations, particularly in its policies. The absence of a whistleblower policy and a document retention and destruction policy are critical gaps that may raise concerns regarding risk management and transparency. Additionally, the organization's program expense ratio of 58.75% suggests that a smaller portion of its expenditures is directed towards its programs compared to administrative costs, which could impact its overall effectiveness.
Overall, while Rock River Development Partnership Inc shows a strong commitment to accountability and governance, the missing policies and lower program expense ratio indicate that there are areas requiring improvement to enhance its operational efficacy and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Rock River Development Partnership Inc A Not-For-Profit Corporation legitimate?
Rock River Development Partnership Inc A Not-For-Profit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rock River Development Partnership Inc A Not-For-Profit 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: $106,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,264
For more financial information, click here
Official website here: www.rrdp.org
What is the mission statement of Rock River Development Partnership Inc A Not-For-Profit Corporation?
The Rock River Development Partnership Inc, as a not-for-profit organization, is committed to organizing and coordinating redevelopment efforts within a city. Their mission is to foster a thriving economic community by acting as entrepreneurial and experiential market makers. They aim to bridge the gap between local entrepreneurs and their customers, thereby driving economic growth towards the urban core and historic commercial districts. The partnership's strategies revolve around creating connections to enrich both the community and businesses, ultimately revitalizing the historic downtown area.
Official website here: www.rrdp.org
What is the revenue of Rock River Development Partnership Inc A Not-For-Profit Corporation?
Rock River Development Partnership Inc A Not-For-Profit Corporation's revenue in 2023 was $593,936.
Official website here: www.rrdp.org
Who are the executives of Rock River Development Partnership Inc A Not-For-Profit Corporation and what are their salaries?
The average compensation at Rock River Development Partnership Inc A Not-For-Profit Corporation during 2023 was $9,920. There are 20 employees and 275 volunteers at Rock River Development Partnership Inc A Not-For-Profit Corporation.
Here are 7 key members and their salaries:
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- Compensation: $63,003
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Official website here: www.rrdp.org
Where can I find the form 990 for Rock River Development Partnership Inc A Not-For-Profit Corporation?
Rock River Development Partnership Inc A Not-For-Profit Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rrdp.org
Learn more at the official website: www.rrdp.org
Mission Statement of Rock River Development Partnership Inc A Not-For-Profit Corporation
Rock River Development Partnership Inc, a not-for-profit corporation, is dedicated to organizing and coordinating redevelopment efforts within a city, in this case, Rockford. Their mission is multifaceted, aimed at fostering a thriving economic community. They function as entrepreneurs and experiential market makers, bringing businesses and people together. The strategy of Rock River Development Partnership Inc is to create connections between local entrepreneurs and their customers, with the goal of driving economic growth towards Rockford's urban core and historic commercial districts. By doing so, they enrich the community, support local businesses, and revitalize the historic downtown area.
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Impact
July, 2024
Rock River Development Partnership Inc, through its entrepreneurial and experiential market-making approach, plays a crucial role in driving economic growth and community improvement in Rockford, IL. By organizing and coordinating redevelopment efforts within the city, this organization brings together businesses and customers to enrich the community, foster local entrepreneurship, and revive the historic downtown area. The impact of Rock River Development Partnership Inc is evident in its mission to create thriving economic communities by creating connections between local entrepreneurs and customers, thus driving the economy to Rockford's urban core and historic commercial districts. Through its innovative strategies and collaborative efforts, this organization contributes significantly to the revitalization and sustainable growth of Rockford, making it a more vibrant and prosperous place for its residents and businesses.
This information is meant to be a general summary of Rock River Development Partnership Inc A Not-For-Profit 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 2023.
- Investment Income: $45,308
- Program Service Revenue: $275,446
- Gross Receipts: $648,869
Assets and Liabilities:
- Total Assets: $8,937,636
- Total Liabilities: $5,573,351
- Net Assets: $3,364,285
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDOOR MARKET
Revenue
$210,508
VENDOR FEES
Revenue
$64,938
Organization Details
Founding Year
2009
Principal Officer
Peter J Provenzano
Website
www.rrdp.orgNTEE Category
Code: S31 - Community improvement
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