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Rio Grande Community Development Corporation

EIN 85-0348445 · Albuquerque, NM

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak25 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

BE THE TRUSTED AND ACCESSIBLE COMMUNITY HUB FOR SOCIAL AND ECONOMIC ENTREPRENEURSHIP WHICH FACILITATES SELF-SUFFICIENCY WHILE HONORING THE PEOPLE'S VOICE AND CULTURE.

Income
$1.4 million
Spending
$1.9 million
Spent on programs
73%
Reserves
-3.9 months of spending
Largest source of income
government grants, 59%
Employees
17
Highest pay
$36,653, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 25 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 62% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 36% of income.

  • Income trend

    5 of 15

    Income fell 16% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs and raising each dollar of donations cost 5 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100.

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $991,132 spent. RIO GRANDE COMMUNITY DEVELOPMENT CORPORATION (RGCDC) SERVES THE NEEDS OF RESIDENTS AND BUSINESS OWNERS IN BERNALILLO COUNTY, WITH A FOCUS ON THE SOUTH VALLEY AREA. RGCDC'S SOCIAL AND BUSINESS JUSTICE MISSION IS TO SUPPORT COMMUNITY-WIDE HEALTHY ECONOMIC AND SOCIAL DEVELOPMENT THAT ENRICHES TRADITIONAL CULTURAL VALUES AND HISTORICAL USES OF THE LAND.
  2. $205,635 spent. THE SOUTH VALLEY ECONOMIC DEVELOPMENT CENTER (SVEDC) IS A COLLABORATIVE EFFORT BETWEEN BERNALILLO COUNTY AND RGCDC. IN ITS 17,000 SQUARE FOOT FACILITY LOCATED IN THE HEART OF ALBUQUQUERQUE'S SOUTH VALLEY, SVEDC SERVES AS A BUSINESS INCUBATOR BY PROVIDING BUSINESS INCUBATOR SUPPORT SERVICES AND A SITE FOR MANUFACTURING AND FOOD DISTRIBUTION. SVEDC ALSO SERVES AS A COMMUNITY BUSINESS HUB AND SOCIAL DEVELOPMENT.
  3. $207,648 spent. THE COLOR THEORY INITIATIVE IS A COLLABORATIVE PROGRAM WITH OTHER ALIGNED SOCIAL AND ECONOMIC DEVELOPMENT PROVIDERS FOCUSED ON OVERCOMING SYSTEMIC CHALLENGES FACING NEW MEXICO ENTREPRENEURS AND BUSINESS OWNERS OF COLOR. THE PROGRAM IS DEDICATED TO PROMOTE SHARED TECHNICAL ASSISTANCE AND DATABASE RESOURCES TO EXPAND KNOWLEDGE, ACCESS, AND OPPORTUNITIES FOR BUSINESS SUCCESS TO THOSE IN TRADITIONALLY UNDERSERVED GROUPS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1987.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.