Richmond Residential Services Inc
- Assets
- $9.1m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 182
- Location
- Richmond, VA
- Founding
- 08/1982
- Data as of
- 06/2022
- EIN
- 54-1147731
Organization Overview
Richmond Residential Services Inc is located in Richmond, VA. The organization was established in 1982. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Richmond Residential Services Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Residential Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Richmond Residential Services Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $8.1m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESIDENTIAL SERVICES FOR ADULTS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RESIDENTIAL AND OTHER SUPPORT SERVICES TO 100 ADULT CONSUMERS WITH INTELLECTUAL DISABILITIES THROUGH GROUP HOME, CLUSTER APARTMENT, SEMI-SUPERVISED APARTMENT, AND SUPPORTED LIVING MODEL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanor Stickley Director | Trustee | 0.3 | $0 |
Gloria Graham-Johnson Chairperson | OfficerTrustee | 0.3 | $0 |
Bob Quisenberry Vice-Chairperson | OfficerTrustee | 0.3 | $0 |
Bernard G Meyer Jr Director | Trustee | 0.3 | $0 |
Bruce Rilee Treasurer | OfficerTrustee | 0.3 | $0 |
Khizar Wasti Secretary | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $151,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,684 |
| Total Program Service Revenue | $8,552,730 |
| Investment income | $1,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,729,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,683 |
| Compensation of current officers, directors, key employees. | $12,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,318,540 |
| Pension plan accruals and contributions | $73,635 |
| Other employee benefits | $458,337 |
| Payroll taxes | $344,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,359 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,267 |
| Advertising and promotion | $951 |
| Office expenses | $138,117 |
| Information technology | $18,975 |
| Royalties | $0 |
| Occupancy | $320,398 |
| Travel | $4,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,801 |
| Insurance | $189,451 |
| All other expenses | $28,640 |
| Total functional expenses | $8,095,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,527,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,382,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $181,923 |
| Net Land, buildings, and equipment | $3,070,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $955,777 |
| Total assets | $9,117,885 |
| Accounts payable and accrued expenses | $1,568,155 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,303,400 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $573,856 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,609 |
| Total liabilities | $3,490,020 |
| Net assets without donor restrictions | $5,627,865 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,117,885 |