Rbca Community Development Corporation FY2024 filing

Tax-deductible

Dallas, TX501(c)(3)Community DevelopmentEIN 83-2391035

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Rbca CDC has a mission to improve the economic, educational, social, phusical and environmental conditions of primarily the underserved in black communities whereby individuals fully participate in job training and empl

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $255K a year · 21% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $37K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
306% of total assets
Concern: liabilities are 306% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-45% vs prior year
Spent
$2.5M
To programs
100%
Net assets
−$1.0M
By yearFY2021–FY2025
Revenue
$1.1M
FY2024▼ -45%
Revenue by fiscal year
FY2021$77K
FY2022$975K
FY2023$2.0M
FY2024$1.1M
FY2025$766K
Expenses
$2.5M
FY2024▲ +37%
Expenses by fiscal year
FY2021Not on file
FY2022$801K
FY2023$1.8M
FY2024$2.5M
FY2025$687K
Net assets
−$1.0M
FY2024▼ -364%
Net assets by fiscal year
FY2021$42K
FY2022$239K
FY2023$391K
FY2024−$1.0M
FY2025−$954K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See Rbca Community Development Corporation 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 15aNo

Programs and updates

Empowers underserved Black communities through job training and economic development.

Provided by the organization

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1 program · $2.5M · in their own filed words · FY2024
01

Rbca CDC has a mission to improve the economic, educational, social, physical and environmental conditions of primarily the underserved in black communities whereby individuals fully participate in job training and employment through workforce development.

$2.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$37K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Money outPt IX
$2.5M
Ln 25
Programscol B$2.5M
Owns and owesPt X
−$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$334K
Total assetsLn 16$501K
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$926K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$334K
Cash and savings togetherLn 1–2$334K
Total assetsLn 16$501K
LiabilitiesLn 26$1.5M
Net assetsLn 32−$1.0M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$420K$334K
Total assetsLn 16$528K$501K
LiabilitiesLn 26$137K$1.5M
Net assetsLn 32$391K−$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$71K$71K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$348K$348K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$56K$56K
Payroll taxesLn 10$35K$35K
Management feesLn 11a$486$486
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$53K$53K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$82K$82K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$859K$859K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$102K$102K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$86K$86K
Other expenses (24a–d)Ln 24$795K$795K
All other expensesLn 24e$27K$27K
Total functional expensesLn 25$2.5M$2.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $766K$687K$79K−$954K 990 PDF
FY2024 Viewing $1.1M$2.5M−$1.4M−$1.0M 990 PDF
FY2023 $2.0M$1.8M$152K$391K 990 PDF
FY2022 $975K$801K$174K$239K 990 PDF
FY2021 $77K$42K 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 (4 parts)
Part VIII · Statement of revenue $1,104,431 across 4 lines filed
VIII-1e Government grants$926,382
VIII-1f All other contributions, gifts and grants$178,049
VIII-1h Total contributions, gifts and grants$1,104,431
VIII-12 Total revenue$1,104,431
Part IX · Statement of functional expenses $2,528,203 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $70,961$70,961
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $347,642$347,642
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $55,674$55,674
IX-10 Payroll taxesPrograms $34,667$34,667
IX-11a Management feesPrograms $486$486
IX-11b Legal feesPrograms $6,003$6,003
IX-11c Accounting feesPrograms $52,681$52,681
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $81,921$81,921
IX-12 Advertising and promotionPrograms $2,000$2,000
IX-13 Office expensesPrograms $859,273$859,273
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $101,673$101,673
IX-17 TravelPrograms $1,748$1,748
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $5,000$5,000
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $85,953$85,953
IX-24 Other expenses (24a–d)Programs $795,085$795,085
IX-24e All other expensesPrograms $27,436$27,436
IX-25 Total functional expensesPrograms $2,528,203 · Management $0 · Fundraising $0$2,528,203
Part X · Balance sheet $500,971 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $420,358$333,682
X-4 Accounts receivableStart of year $107,290$167,289
X-16 Total assetsStart of year $527,648$500,971
X-17 Accounts payable and accrued expensesStart of year $136,639$1,533,734
X-26 Total liabilitiesStart of year $136,639$1,533,734
X-27 Net assets without donor restrictionsStart of year $391,009−$1,032,763
X-32 Total net assets or fund balancesStart of year $391,009−$1,032,763
X-33 Total liabilities and net assetsStart of year $527,648$500,971
Part XI · Reconciliation of net assets −$1,032,763 net assets at year end
XI-1 Total revenue$1,104,431
XI-2 Total expenses$2,528,203
XI-3 Revenue less expenses−$1,423,772
XI-4 Net assets at start of year$391,009
XI-10 Net assets at end of year−$1,032,763

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

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