Richmond Residential Services Inc
- Assets
- $7.7m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 209
- Location
- Richmond, VA
- Founding
- 08/1982
- Data as of
- 06/2021
- 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 06/2021, Richmond Residential Services Inc employed 209 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 06/2021, Richmond Residential Services Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $7.7m during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 6 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
2021
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 |
|---|---|---|---|
Cindy Minto CEO | Officer | 40 | $102,537 |
Elisabeth S Poe Executive Director | Officer | 40 | $85,938 |
Bob Quisenberry Vice-Chairperson | OfficerTrustee | 0.3 | $0 |
Gloria Graham-Johnson Chairperson | OfficerTrustee | 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 | $110,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,732 |
| Total Program Service Revenue | $8,670,592 |
| Investment income | $762 |
| 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 | $8,794,086 |
| 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. | $188,475 |
| Compensation of current officers, directors, key employees. | $17,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,678,346 |
| Pension plan accruals and contributions | $551,776 |
| Other employee benefits | $0 |
| Payroll taxes | $366,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,772 |
| Fees for services: Accounting | $85,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,152 |
| Advertising and promotion | $0 |
| Office expenses | $225,092 |
| Information technology | $26,121 |
| Royalties | $0 |
| Occupancy | $289,274 |
| Travel | $3,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,461 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,801 |
| Insurance | $194,040 |
| All other expenses | $24,085 |
| Total functional expenses | $7,695,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,890,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,366,738 |
| 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 | $145,962 |
| Net Land, buildings, and equipment | $3,182,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,164 |
| Total assets | $7,666,700 |
| Accounts payable and accrued expenses | $687,841 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,265,992 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $716,791 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,000 |
| Total liabilities | $2,674,624 |
| Net assets without donor restrictions | $4,992,076 |
| 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 | $7,666,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richmond Residential Services Inc has recieved totaling $19,358.
| Awarding Organization | Amount |
|---|---|
Kovar Corporation Woodbridge, VA PURPOSE: GROUP HOME FURNITURE | $19,358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inreach Charlotte, NC | $7,913,848 | $23,092,110 |
Childrens Hope Alliance Barium Springs, NC | $38,599,237 | $18,471,668 |
Ramey-Estep Homes Inc Rush, KY | $15,258,585 | $16,553,810 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Dove Pointe Residential Services Inc Salisbury, MD | $19,042,540 | $17,851,870 |
Childrens Home Of Northern Kentucky Inc Covington, KY | $17,993,059 | $13,499,254 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Community Living Inc Frederick, MD | $8,342,495 | $12,502,676 |
Progress Inc Nashville, TN | $6,116,091 | $11,389,774 |
Comserv Inc Lenoir, NC | $7,960,502 | $13,511,547 |
Jackson Feild Homes Incorporated Jarratt, VA | $3,320,402 | $10,783,518 |
Umar Services Inc Charlotte, NC | $7,962,133 | $8,938,499 |