EIN 74-2805791

Regional Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1996
Most recent tax filings
2022-06-01
Description
Regional Development Corporation supports economic development in Northern New Mexico through private investment opportunities and technical assistance. Its initiatives include providing free business retention and expansion services, as well as funding opportunities to promote diversification.
Total revenues
$1,038,194
2022
Total expenses
$866,402
2022
Total assets
$1,502,973
2022
Num. employees
7
2022

Program areas at Regional Development Corporation

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. This initiative includes funding opportunities to help diversify the local economies in northern new mexico outside of los alamos national laboratory interests. Other initiatives include the workforce and academic network pilot project to convene industry and academic statekholders in order to help job seekers and students more easily access training and education for the construction industry in northern new mexico and the higher education workforce project which is a partnership between rdc and northern new mexico higher education institutions to identify training needs and develop a well-educated workforce in the region. These initiatives are largely funded by triad national security, llc (triad), the company that manages los alamos national laboratory. Rdc's initiatives continued to stimulate economic diversification and Development in northern new mexico through creation of new jobs, lessening the impact of reductions at los alamos national labs.

Who funds Regional Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Battelle Memorial InstituteGeneral Operating Support$701,959
Federal funding details
Federal agencyProgram nameAmount
Department of EnergyTECHNICAL TRAINING & JOB PLACEMENT AT HISPANIC SERVING INSTITUTIONS$699,891
Department of AgricultureRURAL BUSINESS ENTERPRISE GRANT$21,471
Department of CommerceVENTURE ACCELERATION FUND ENRICHMENT PROJECT NEW MEXICO$9,142

Personnel at Regional Development Corporation

NameTitleCompensation
Greg DyeChief Financial Officer
Val AlonzoExecutive Director
Carla RachkowskiDirector of Operations
Valentine AlonzoPast Executive Director$117,000
Jennifer JenkinsPresident / Chair$0
...and 5 more key personnel

Financials for Regional Development Corporation

RevenuesFYE 06/2022
Total grants, contributions, etc.$1,037,756
Program services$0
Investment income and dividends$438
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,038,194

Form 990s for Regional Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2021-062022-03-14990View PDF
2020-062021-05-11990View PDF
2019-062020-08-10990View PDF
2018-062019-06-19990View PDF
2017-062018-11-15990View PDF
...and 8 more Form 990s
Data update history
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $701,959 from Battelle Memorial Institute
November 17, 2022
Posted financials
Added Form 990 for fiscal year 2021
November 17, 2021
Used new vendors
Identified 1 new vendor, including
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 3, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCommunity service nonprofitsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsState / local levelReceives government fundingTax deductible donations
General information
Address
441 Greg Ave Box 2
Santa Fe, NM 87501
Metro area
Santa Fe, NM
Website URL
rdcnm.org/ 
Phone
(505) 820-1226
IRS details
EIN
74-2805791
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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