Belmont Community Resource Services
- Assets
- $69.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Richmond, VA
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-1957375
Organization Overview
Belmont Community Resource Services is located in Richmond, VA. The organization was established in 2016. According to its NTEE Classification (K35) the organization is classified as: Soup Kitchens, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Belmont Community Resource Services employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Community Resource Services 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 12/2023, Belmont Community Resource Services generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 63.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BELMONT COMMUNITY RESOURCE SERVICES (BCRS) SEEKS TO JOIN WITH THE RESIDENTS OF THE (SOUTHSIDE OF RICHMOND & NORTH CHESTERFIELD) COMMUNITY IN MOBILIZING RESOURCES TO REDUCE POVERTY AND BUILD A VITAL COMMUNITY. WE ACCOMPLISH OUR GOALS THROUGH OUR PROGRAMS, THE BELMONT FOOD PANTRY AND THE CLOSET AT BELMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BELMONT FOOD PANTRY HAS BEEN DISTRIBUTING FOOD ON THE SOUTHSIDE OF RICHMOND EVERY FRIDAY FROM 9:00 AM TO 1PM FOR NEARLY 20 YEARS (NEVER MISSED A FRIDAY DISTRIBUTION). OUR DRIVE-THRU AND WALK-UP STYLE PANTRY PROVIDES 30 LBS. OF FOOD PER FAMILY EACH WEEK. HOWEVER, WHEN THE DEMAND IS HIGH THOSE COMING AFTER 11 AM MAY RECEIVE 20-25 LBS. DEPENDING ON OUR INVENTORY AND FAMILY SIZE. FOUR HOURLY EMPLOYEES AND MORE THAN 80 WEEKLY VOLUNTEERS (OVER 14,000 HOURS ANNUALLY) MANAGE FOOD COLLECTION AND DISTRIBUTION WEEKLY. IN 2023, MORE THAN 600,000 LBS. OF FOOD WAS RECEIVED FROM OUR 13 FEED MORE GROCERY STORE PARTNERS, 80,000 LBS. OF DRY GOODS FROM LOCAL CHURCHES AND COMMUNITY FOOD DRIVES, AND WE PURCHASED OVER 200,000 LBS. OF FOOD FROM FEED MORE. WE NEARLY DOUBLED OUR FOOD COLLECTION IN 2023 WITHOUT INCREASING STAFF SUPPORT. OUR PROGRAM GREW BY 38% IN 2023 FEEDING AN ADDITIONAL 20,000 PEOPLE.
THE CLOSET @BELMONT HAS BEEN IN OPERATION FOR MORE THAN 15 YEARS, PROVIDING HIGH QUALITY CLOTHING, SHOES, HYGIENE ITEMS, HOUSEWARES, BOOKS, AND SOME TOYS TO PANTRY GUESTS AT NO COST. DONATION COLLECTION, ORGANIZATION, AND DISTRIBUTION IS OVERSEEN BY A PART-TIME PROGRAM ASSOCIATE AND DEDICATED VOLUNTEERS. THE CLOSET RECEIVES DONATIONS THROUGHOUT THE WEEK AND IS OPEN FOR 'SHOPPING" FROM 9AM TO 1PM EVERY FRIDAY AND SHOPPERS MAY FILL A LARGE GROCERY BAG. NONCLOTHING ITEMS CAN BE SELECTED AS WELL, HOWEVER, THERE IS OFTEN A WAITING LIST FOR ITEMS SUCH AS SMALL APPLIANCES, DISHES, COOKWARE, COATS, AND SPECIFIC SIZES. IN 2023, WE DISTRIBUTED MORE THAN 125,000 ITEMS TO HELP SUPPORT OUR FAMILIES, MANY OF WHICH EXPERIENCED FOOD INSECURITY, HOUSING INSECURITY, AND/OR IMMIGRATION TO THE US. IN 2023, NEARLY 90% OF OUR GUESTS WERE WOMEN (SHOPPING FOR A FAMILY) AND OVER 70% IDENTIFIED AS HISPANIC. IN 2023, THE CLOSET INCREASED SERVICES BY 28% AND IS NOW SUPPORTING MORE THAN 100 SHOPPERS A WEEK. IF END OF YEAR TRENDS CONTINUES, WE ANTICIPATE ANOTHER 28% GROWTH IN SERVICES IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Cochran President | OfficerTrustee | 3 | $0 |
Steve Price Vice President | OfficerTrustee | 1 | $0 |
Kathy Bottoms Secretary | OfficerTrustee | 1 | $0 |
Heather Craven Co-Treasurer | OfficerTrustee | 4 | $0 |
Chris Craven Co-Treasurer | OfficerTrustee | 1 | $0 |
Burt Brooks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,625,210 |
| Noncash contributions included in lines 1a–1f | $1,453,479 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,625,210 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,625,210 |
| 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. | $39,100 |
| Compensation of current officers, directors, key employees. | $3,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,748 |
| Advertising and promotion | $0 |
| Office expenses | $3,300 |
| Information technology | $2,489 |
| Royalties | $0 |
| Occupancy | $33,015 |
| Travel | $7,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $474 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,971 |
| Insurance | $4,570 |
| All other expenses | $0 |
| Total functional expenses | $1,618,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,386 |
| Accounts payable and accrued expenses | $2,046 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,046 |
| Net assets without donor restrictions | $67,340 |
| 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 | $69,386 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Out Of The Garden Project Greensboro, NC | $936,122 | $4,029,829 |
Belmont Community Resource Services Richmond, VA | $69,386 | $1,625,210 |
Angels And Sparrows Soup Kitchen Inc Huntersville, NC | $2,162,958 | $1,755,286 |
Marshall County Community Kitchen Inc Benton, KY | $1,554,407 | $269,896 |
Jesus Others & You Greenville, NC | $847,059 | $278,272 |
The Community Kitchen Inc Canton, NC | $648,948 | $256,290 |
Sanford Soup Kitchen Inc Sanford, NC | $447,558 | $219,995 |
Our Place Waldorf Waldorf, MD | $108,268 | $147,367 |
Dilworth Soup Kitchen Inc Charlotte, NC | $298,358 | $240,109 |
Stepping Stone Mission Of Franklin County Rocky Mount, VA | $311,363 | $0 |
Feed The City Inc Louisville, KY | $7,845 | $0 |
Reidsville Soup Kitchen Inc Reidsville, NC | $473,856 | $0 |
Together We Can Inc Garner, NC | $147 | $0 |
Community Soup Kitchen Inc Hillsboro, KY | $0 | $0 |
Catenas Kitchen House Gaithersburg, MD | $0 | $0 |