River Front Development Group in Asheville, North Carolina (NC)

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River Front Development Group
Employer Identification Number (EIN)562004703
Name of OrganizationRiver Front Development Group
In Care of NameMarcell Proctor
Address267 Rockhill Road, Asheville, NC 28803
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal
SubsectionEducational Organization
Ruling Date03/2012
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$849
Amount of Income$39,050
Form 990 Revenue Amount$39,050
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2009: $39,050 (it was $39,050 in 2013)
River Front Development Group: 

 $39,050
Other organizations performing similar types of work: 

 $141,217

Assets in 2009: $849 (it was $849 in 2013)
This organization: 

 $849
Other organizations performing similar types of work: 

 $121,026

Expenses in 2013: $38,201
This organization: 

 $38,201
Other organizations performing similar types of work: 

 $118,087

Income to expenses ratio in 2013: 1.0
River Front Development Group: 

 1.0
Other organizations performing similar types of work: 

 1.6

Grants share in income in 2013: 92.3%
River Front Development Group: 

 92.3%
Other organizations performing similar types of work: 

 87.4%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$1,075$24,950$39,050
Contributions, gifts, grants, and similar amounts received$1,075$19,250$36,050
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$5,700$3,000
Gross income from gaming$0$0$0
Gross income from fundraising events$0$5,700$3,000
Less: direct expenses from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$900$24,950$38,201
Total net assets$175$175$849
Excess/Deficit for the year$175$0$849
Net assets or fund balances at beginning of year$2,000$175$0
Other changes in net assets or fund balances$-2,000$0$0
Net assets or fund balances at end of year$0$3,849
Balance Sheets
201120122013
Total assets$175$175$849
Total liabilities$0$0$0
Net assets or fund balances$175$175$849
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$58,300
Subtotal$58,300
Gifts, grants, contributions, and membership fees received$58,300
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$58,300
Public support$58,300
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ventura County Community Development Corporation2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813CA2003-05$5,683,551
2Winston-Salem Business Inc1080 W 4th St, Winston Salem, NC 27101-2411NC2003-03$729,878
3University City Partners8335 Ibm Dr Ste 110, Charlotte, NC 28262-4570NC2005-02$640,813
4Wilson Downtown Properties IncPo Box 10, Wilson, NC 27894-0010NC2002-02$390,985
5Catawba River District IncPO BOX 680486, Charlotte, NC 28216-0009NC2013-09$131,728
6Sustain Charlotte Inc2317 Laburnum Ave, Charlotte, NC 28205-6045NC2010-12$128,036
7North Carolina Sustainable Entrepreneurs Group Ncseg, Entre Dot1455 Orchard Villas Ave, Apex, NC 27502-4323NC2009-09$122,347
8Forward CommunitiesPO BOX 490, Durham, NC 27702-0490NC2012-05$49,767
9Wilson 2020 Community Vision Inc200 Acc Drive, Wilson, NC 27893NC2010-02$47,800
10Wilson Womans Club IncPO BOX 372, Wilson, NC 27894-0372NC2014-01$37,889
11Liberty East Redevelopment Inc2531 Ladeara Crest Lane, Winston Salem, NC 27105NC1989-03$31,879
12Union County Partnership For ProgressPO BOX 292, Monroe, NC 28111-0292NC2006-02$4,274
13Sandhills Area Foundation For Economic Development Inc10677 Us 15-501 Hwy, Southern Pines, NC 28387NC2001-01$4,000
14Albemarle Businessworks Inc116 Beech Tree Drive, Shiloh, NC 27974NC2010-03$0
15Asheville-Buncombe Vision Inc98 Box 8385, Asheville, NC 28812NC1996-11$0
16Carolinas Economic And Community Development Corporation1535 Westdale Dr, Charlotte, NC 28208-2053NC2010-02$0
17Center For Community Development Inc3712 Pinkham Way, Raleigh, NC 27616NC2010-06$0
18Community Anchors Incorporated5842 Deveron Drive, Charlotte, NC 28211NC2006-08$0
19Community Dream Builders Inc445 Keswick Ave, Charlotte, NC 28206NC2013-09$0
20Core City High Point Inc, The City Project Inc1634 N Main Street, High Point, NC 27262NC2009-08$0
Number of organizations performing similar types of work
Alaska2
Alabama36
Arkansas9
Arizona16
California121
Colorado26
Connecticut22
District of Columbia16
Delaware6
Florida53
Georgia54
Hawaii10
Iowa18
Idaho7
Illinois68
Indiana30
Kansas9
Kentucky18
Louisiana32
Massachusetts22
Maryland45
Maine10
Michigan54
Minnesota10
Missouri35
Mississippi17
Montana9
North Carolina65
North Dakota5
Nebraska6
New Hampshire8
New Jersey38
New Mexico14
Nevada6
New York135
Ohio94
Oklahoma18
Oregon18
Pennsylvania93
Rhode Island2
South Carolina34
South Dakota10
Tennessee36
Texas74
Utah5
Virginia30
Vermont9
Washington29
Wisconsin30
West Virginia14
Wyoming3
International7
Total1,538

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