Rosslyn Ridge Development Corporation

Analysis

Rosslyn Ridge Development Corporation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rosslyn Ridge Development Corporation reported income of $1.2m and spending of $2.6m, spending 226% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $1.2m (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rosslyn Ridge Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Jewish Senior Housing of Akron ($1.2m), Vincentian Housing Corporation Inc ($1.2m) and Albany Community Land Trust ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 60% of the total. Compensation of current officers, directors and key employees was $339k (13% of expenses). Other salaries and wages came to $45k. At year end it held assets of $3.7m against liabilities of $3.8m, net assets of -$73k. It reported 1 employees.