Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 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
11 people listed on the 990; $117K paid to officers and key staff.
Patrick Vanderpool’s $114K as Executive Di is at the 27th percentile of top reported officer pay among 2832 $1–10M community development 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Valentine Alonzo | — | — | $133,573 | $117,000 | $117,000 | $109,154 |
| Patrick Vanderpool | $114,400 | $61,240 | — | — | — | — |
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
Improves economic development by providing investment and technical help for job growth.
Questions for Regional Development Corporation
Your first name shows with your question. Regional Development Corporation answers here, for everyone.
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Regional development corporation initiatives include business retention & expansion which provides one-on-one technical assistance services to current and future business owners free of charge.
Other Programs
RDC participated in a federally funded program designed to provide technical assistance and speed the transfer of space technology to the private sector. RDC is working to identify and is beginning to implement concrete economic development projects that will improve the economy and quality of life in los alamos, rio arriba, santa fe and…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $1.2M |
| Land, buildings, equipmentLn 10c | $12K | $12K |
| Total assetsLn 16 | $1.3M | $1.3M |
| LiabilitiesLn 26 | $183K | $93K |
| Net assetsLn 32 | $1.1M | $1.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $260K | $260K | ||
| Pay of current officers, directors and key staffLn 5 | $135K | $123K | $11K | |
| Other salaries and wagesLn 7 | $185K | $169K | $15K | |
| Pension plan contributionsLn 8 | $18K | $16K | $1K | |
| Other employee benefitsLn 9 | $1K | $1K | $121 | |
| Payroll taxesLn 10 | $24K | $22K | $2K | |
| Accounting feesLn 11c | $14K | $14K | ||
| Advertising and promotionLn 12 | $10K | $10K | ||
| Office expensesLn 13 | $14K | $8K | $6K | |
| Information technologyLn 14 | $4K | $4K | $781 | |
| OccupancyLn 16 | $3K | $2K | $2K | |
| TravelLn 17 | $4K | $4K | ||
| Conferences, conventions and meetingsLn 19 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $3K | $2K | $210 | |
| InsuranceLn 23 | $3K | $3K | $248 | |
| Other expenses (24a–d)Ln 24 | $248K | $242K | $6K | |
| Total functional expensesLn 25 | $926K | $858K | $69K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.3M | $1.5M | −$218K | $978K | 990 PDF |
| FY2024 | $1.1M | $1.3M | −$177K | $1.2M | 990 PDF |
| FY2023 | $1.1M | $1.1M | −$17K | $1.4M | 990 PDF |
| FY2022 | $1.0M | $866K | $172K | $1.4M | 990 PDF |
| FY2021 Viewing | $1.1M | $926K | $136K | $1.2M | 990 PDF |
| FY2020 | $863K | $907K | −$43K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,062,128 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $1,062,128 across 5 lines filed
Part IX · Statement of functional expenses $926,377 across 16 lines filed
Part X · Balance sheet $1,311,405 assets, 13 lines filed
Part XI · Reconciliation of net assets $1,218,433 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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