Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1996.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
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
9 people listed on the 990; $365K paid to officers and key staff.
Michael Chiappa’s $365K as Vice President/Senior Vice is at the 98th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michael Chiappa | $364,553 | $324,657 | $246,336 | $116,500 | — |
| Laura London | — | — | — | — | $139,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Develops, owns, and preserves affordable housing units to promote stability, opportunity, and advocacy for low- to moderate-income individuals and families.
Questions for Rosslyn Ridge Development Corporation
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Rosslyn ridge development corporation provides 284 units for low to moderate income individuals and families. Rosslyn ridge development corporation is a chdo, registered in arlington county and the sole member of arna marbella GP development corporation, marbella development LLC and avv apartments LLC.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $139K | $215K |
| InvestmentsLn 11–13 | $117K | −$15K |
| Land, buildings, equipmentLn 10c | $3.2M | $4.4M |
| Total assetsLn 16 | $3.7M | $4.7M |
| LiabilitiesLn 26 | $3.8M | $5.1M |
| Net assetsLn 32 | −$73K | −$367K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $376K | $376K | ||
| Other salaries and wagesLn 7 | $44K | $44K | ||
| Other employee benefitsLn 9 | $492 | $492 | ||
| Management feesLn 11a | $23K | $23K | ||
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $18K | $18K | ||
| Other fees for servicesLn 11g | $9K | $9K | ||
| Office expensesLn 13 | $8K | $8K | ||
| Information technologyLn 14 | $453 | $453 | ||
| OccupancyLn 16 | $31K | $31K | ||
| TravelLn 17 | $380 | $380 | ||
| InterestLn 20 | $235K | $235K | ||
| Depreciation, depletion and amortizationLn 22 | $52K | $52K | ||
| InsuranceLn 23 | $25K | $25K | ||
| Other expenses (24a–d)Ln 24 | $349K | $349K | ||
| All other expensesLn 24e | $56K | $56K | ||
| Total functional expensesLn 25 | $1.2M | $1.2M | $18K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.1M | $1.2M | −$162K | −$367K | 990 PDF |
| FY2023 | $1.2M | $2.6M | −$1.5M | −$73K | 990 PDF |
| FY2022 | $3.7M | $4.1M | −$397K | $1.2M | 990 PDF |
| FY2021 | $3.7M | $3.5M | $208K | −$1.3M | 990 PDF |
| FY2020 | $3.5M | $3.4M | $149K | −$1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,067,081 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $1,067,081 across 4 lines filed
Part IX · Statement of functional expenses $1,228,791 across 16 lines filed
Part X · Balance sheet $4,705,182 assets, 13 lines filed
Part XI · Reconciliation of net assets −$367,193 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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