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River City Community Development Corporation EIN 56-1709321

River City Community Development Corporation

EIN  56-1709321 Public charity (501(c)(3)) Elizabeth Cty, NC
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Size
$100K–1M
What they do
Empowers Northeastern NC residents through housing, jobs, health, culture, and youth programs.
Leadership
Lenora Jarvis - Mackey · Executive Director · $100K
Money in and out
$933K revenue, $921K expenses
Bottom line
50% program efficiency

Empowers Northeastern NC residents through housing, jobs, health, culture, and youth programs. For fiscal year 2024 it reported $933K in revenue, $921K in expenses, and $578K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$933K
Pt VIII · Ln 12
Total expenses
$921K
Pt IX · Ln 25
Net assets
$578K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $0.50 Management & general $0.50
Program efficiency
50%
of spending reaches programs▲ +39% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate▼ -90% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▲ +102% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$933K
FY2024▼ -9%
Expenses
$921K
FY2024▼ -42%
Total assets
$1.6M
FY2024▲ +27%
Total liabilities
$990K
FY2024▲ +283%
Total revenue
$933K
Pt VIII · Ln 12
Total expenses
$921K
Pt IX · Ln 25
Net assets
$578K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $461K of program spending, described in the organization's own filed words · FY2024.
01

Various Grant Programs

$461Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRiver City Community Development Corporation
EINHdr · item D56-1709321
Principal addressHdr · item CElizabeth Cty, NC
WebsiteHdr · item Jwww.rivercitycdc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20Z)
Ruling yearIRS BMFMay 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Lenora Jarvis - Mackey
Executive Director
$100,000Pt VII · Sec A
Dr Ulysses Bell
Chairperson
$0Pt VII · Sec A
Jeremy Bailey
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Jennifer Lucas
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Frank Simpson JR
Board Member
$0Pt VII · Sec A
Dr Kevin Wade
Board Member
$0Pt VII · Sec A

Lenora Jarvis - Mackey’s $100K as Executive Director is at the 84th percentile of top reported officer pay among 848 $100K–1M 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

NameFY2024FY2022FY2020
Lenora Jarvis-Mackey—$103,700$109,660
Lenora Jarvis - Mackey$100,000——

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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Statement of Revenue

Part VIII
Contributions & grants$728K · 78%
Program service revenue$105K · 11%
Other revenue$100K · 11%
Contributions & grants78%$728K
Program service revenue11%$105K
Other revenue11%$100K
— government grantsLn 1e$645K
Total revenueLn 12$933K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.50
Program services50%$461K
Management & general50%$460K
Total functional expensesLn 25$921K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$990K
Total net assetsLn 32$578K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5K · Operating expenses/yr $921K
0.1 months
Where the money goes
Program services
Program services $461K · Total expenses $921K
50%
Management & General
Management & general $460K · Total expenses $921K
50%
Fundraising
Fundraising $0 · Total expenses $921K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $502K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $728K · Total revenue $933K
78%
Government reliance
Government grants $645K · Total revenue $933K
69%
Earned-income share
Program service revenue $105K · Total revenue $933K
11%
Investment reliance
Investment income $0 · Total revenue $933K
0%
Program self-sufficiency
Program service revenue $105K · Total expenses $921K
11%
Growth & trend
Revenue growth (YoY)
This year $933K · Prior year $1.0M
-9%
Revenue CAGR
FY2020 $1.5M · FY2024 $933K
-11%
Net-asset trend (YoY)
End of year $578K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $933K · Expenses $921K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
—
Net-asset ratio
Net assets $578K · Total assets $1.6M
37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lenora Jarvis - Mackey · Reported title Executive Director · Highest reported compensation $100K · Total expenses $921K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $448K · Total expenses $921K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 50%——
Overhead ratio 50%——
Fundraising cost ratio 0%——
Revenue growth -9%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Youthbuild Global INCFY2024$57K
Sentara HealthcareFY2024$30K
North Carolina Community Foundation INCFY2024$25K
North Carolina Housing Coalition INCFY2024$6K
Total grants receivedfrom 4 funders$117K
See all 4 funders →

Similar Organizations

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Riverworks Development CorporationWI
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River City Housing INCKY
Hometown Community Development CorporationCA
Advance Community Health Community Development CorporationNC
U N I T E Y Community Development CorporationTN
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$933K revenue · viewing · ⤓ 990 PDF
FY2023not on file
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$1.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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