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Riviera Beach Cde Incorporated

Tax-deductible

Riviera Beach, FL501(c)(3)Since 2011Community DevelopmentEIN 45-2451853

On file with the IRS600 W Blue Heron Blvd Suite C225, 33404-4311 · Riviera Beach, FLTax-exempt since Nov 2012Publicly supported charity — 170(b)(1)(A)(vi)

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The organization was formed to provide investment capital to low income communities or persons of low income.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $7K a year · 19% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
98 mo
of spending, in cash
Looks good: 98.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$27K
To programs
90%
Net assets
$192K
By yearFY2019–FY2024
Revenue
$0
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2019$51K
FY2020$0
FY2021$0
FY2022$175K
FY2023$0
FY2024$0
FY2024$0
Expenses
$27K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2019$250
FY2020$50K
FY2021$71K
FY2022$10K
FY2023$29K
FY2024$23K
FY2024$27K
Net assets
$192K
FY2024▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2019$235K
FY2020$184K
FY2021$24K
FY2022$271K
FY2023$242K
FY2024$219K
FY2024$192K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $24K Fundraising 10% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Gedel Merzius
President
$0Pt VII · Sec A
Pierre Rodriguez
Vice President
$0Pt VII · Sec A
Sherley Desir
Secretary and Treasurer
$0Pt VII · Sec A
See Riviera Beach Cde Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Invests in low-income communities and supports neighborhood development.

Provided by the organization

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1 program · $27K · in their own filed words · FY2024
01

The Organization was formed to provide investment capital in low income communities or persons of low income. The results should increase the awareness and overall commuinity morale.

$27Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$27K
Ln 25
Programscol B$24K
Fundraisingcol D$3K
Owns and owesPt X
$192K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$219K
LiabilitiesLn 26$27K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$219K
Cash and savings togetherLn 1–2$219K
Total assetsLn 16$219K
LiabilitiesLn 26$27K
Net assetsLn 32$192K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$219K$219K
Total assetsLn 16$219K$219K
LiabilitiesLn 26$27K$27K
Net assetsLn 32$192K$192K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$24K$24K
Professional fundraising feesLn 11e$3K$3K
Total functional expensesLn 25$27K$24K$0$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $0$23K−$23K$219K 990 PDF
FY2023 $0$29K−$29K$242K 990 PDF
FY2022 $175K$10K$165K$271K 990 PDF
FY2021 $0$71K−$71K$24K 990 PDF
FY2020 $0$50K−$50K$184K 990 PDF
FY2019 $51K$250$51K$235K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $242,023$0
I-12 Total revenuePrior year $242,023$0
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $20,855$24,048
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $2,374$2,733
I-17 Other expenses$0
I-18 Total expensesPrior year $23,229$26,781
I-19 Revenue less expensesPrior year $218,794−$26,781
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $26,781 across 2 lines filed
IX-4 Benefits paid to or for membersPrograms $24,048$24,048
IX-11e Professional fundraising feesFundraising $2,733$2,733
IX-25 Total functional expensesPrograms $24,048 · Management $0 · Fundraising $2,733$26,781
Part X · Balance sheet $218,794 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $218,794$218,794
X-16 Total assetsStart of year $218,794$218,794
X-17 Accounts payable and accrued expensesStart of year $26,781$26,781
X-26 Total liabilitiesStart of year $26,781$26,781
X-32 Total net assets or fund balancesStart of year $192,013$192,013
X-33 Total liabilities and net assetsStart of year $218,794$218,794
Part XI · Reconciliation of net assets $192,013 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$26,781
XI-3 Revenue less expenses−$26,781
XI-4 Net assets at start of year$192,013
XI-8 Prior period adjustments$26,781
XI-10 Net assets at end of year$192,013

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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