Richmond Community-Owned Development Enterprise
- Assets
- $1.2m
- Revenue
- $945.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Richmond, CA
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-3335321
Organization Overview
Richmond Community-Owned Development Enterprise is located in Richmond, CA. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Richmond Community-Owned Development Enterprise employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Community-Owned Development Enterprise 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 12/2021, Richmond Community-Owned Development Enterprise generated $945.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $449.7k during the year ending 12/2021. 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
RICHMOND LAND'S MISSION IS TO BUILD GRASSROOTS POWER FOR RESIDENT-DRIVEN AND COMMUNITY-CONTROLLED LAND-USE THROUGH COMMUNITY ORGANIZING, LAND ACQUISITION, DEVELOPMENT, AND STEWARDSHIP OF LAND AND AFFORDABLE HOUSING FOR LONG-TERM COMMUNITY BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BULDING POWER: THE BUILDING POWER PROGRAM SUPPORTED SEVEN RESIDENT LEADERS IN AN IMMERSIVE PLACE-BASED FELLOWSHIP PROGRAM THAT PROVIDED LEADERSHIP DEVELOPMENT, EDUCATION ON PLANNING AND DEVELOPMENT PROCESSES, AND GAVE RESIDENTS THE SPACE TO CONCEPTUALIZE A TINY HOME ECO-VILLAGE DEVELOPMENT PROJECT AS WELL AS AN ADU PROGRAM THAT INTEGRATES PLACE-MAKING INITIATIVES WITH PLACE-KEEPING. IN THE PROCESS THEY LEAD A PARTICIPATORY RESEARCH PROJECT, PRODUCED A RICHMOND IS HOME ZINE, AND HOSTED COMMUNITY EVENTS THAT REACHED HUNDREDS OF RESIDENTS AND ELEVATED CONCEPTS OF COMMUNITY-OWNERSHIP, AND RESIDENTS RIGHT TO LIVE AND PROSPER IN THE LOCAL COMMUNITY.
REAL ESTATE PROJECTS: AS A COMMUNITY LAND TRUST, RICHMOND LAND'S GOAL IS TO CREATE PERMANENTLY AFFORDABLE HOUSING. WE BUILT RELATIONSHIPS AND A PIPELINE FOR ACQUISITION OF PROPERTY TO STABILIZE HOMES FOR FAMILIES IN RICHMOND AND CREATE PERMANENTLY AFFORDABLE UNITS THROUGH OUR LONG-TERM GROUND LEASE. WE PERFORMED PRE-ACQUISITION DUE DILIGENCE ON PROPERTIES WE LOOK TOWARD ACQUIRING IN FUTURE YEARS. WE WILL BUILD OFF OF LESSONS LEARNED TO CREATE RESIDENT-CONTROLLED, COMMUNITY-OWNED HOUSING WITH PERMANENT AFFORDABILITY IN RICHMOND.
ADVOCACY: RICHMOND LAND WORKS IN COALITION WITH OTHER COMMUNITY GROUPS TO BUILD RESIDENT POWER, ACTIVATE RESIDENTS IN PARTICIPATORY ACTION AND DIRECT ACTION, AND TO ENGAGE COMMUNITY OFFICIALS AND POLICYMAKERS. WE CONTINUED OUR PUBLIC LANDS IN COMMUNITY HANDS CAMPAIGN AND CONTINUED PARTNERING WITH THE HOUSING AUTHORITY AROUND THE PROCESS OF SHARING SURPLUS LAND ACT PARCELS FOR NONPROFIT ORGANIZATIONS TO CREATE COMMUNITY BENEFIT PROJECTS. WE CREATE COMMUNITY-DRIVEN PLANNING OPPORTUNITIES IN THE CITY OF RICHMOND AND UNINCORPORATED PARTS OF WEST CONTRA COSTA COUNTY, WORKING TOWARD SYSTEM CHANGE FOR GREATER COMMUNITY POWER AND RESIDENT MOBILIZATION TO ENGAGE DIRECTLY IN THE PLANNING PROCESS.
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Jameson Founder & Executive Director | Officer | 40 | $78,175 |
Evan Bissell President | OfficerTrustee | 15 | $17,637 |
Tania Pulido Secretary | OfficerTrustee | 10 | $0 |
Elissa Roy Treasurer | OfficerTrustee | 8 | $0 |
Tana Monteiro Board Member | Trustee | 5 | $0 |
Sasha Graham Board Member | Trustee | 5 | $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 | $944,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $944,187 |
| Total Program Service Revenue | $1,500 |
| 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 | $945,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,304 |
| Compensation of current officers, directors, key employees. | $17,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,545 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,510 |
| Payroll taxes | $21,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,302 |
| Fees for services: Accounting | $10,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,948 |
| Advertising and promotion | $1,174 |
| Office expenses | $22,471 |
| Information technology | $1,785 |
| Royalties | $0 |
| Occupancy | $3,270 |
| Travel | $1,854 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,620 |
| All other expenses | $882 |
| Total functional expenses | $449,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,155,999 |
| 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 | $18,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,999 |
| Accounts payable and accrued expenses | $9,206 |
| 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 | $9,206 |
| Net assets without donor restrictions | $1,164,793 |
| 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 | $1,173,999 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Richmond Community-Owned Development Enterprise has recieved totaling $475,500.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: THIS GENERAL OPERATING GRANT WILL SUPPORT RICHMOND LAND AND ITS PARTICIPATION IN THE CREATIVE PRACTICE COHORT. | $200,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $169,500 |
Kresge Foundation Troy, MI PURPOSE: THIS GENERAL OPERATING GRANT WILL SUPPORT RICHMOND LAND AND ITS PARTICIPATION IN THE CREATIVE PRACTICE COHORT. | $100,000 |
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Partners Los Angeles, CA | $58,586,885 | $87,387,507 |
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Community Action Partnership Of Orange County Garden Grove, CA | $21,104,337 | $38,929,192 |
Spanish-Speaking Unity Council Of Alameda County Inc Oakland, CA | $60,376,755 | $36,217,909 |
Pacific Asian Consortium In Employment Los Angeles, CA | $13,935,624 | $30,857,237 |
Rural Community Assistance West Sacramento, CA | $196,708,835 | $32,872,425 |
Burning Man Project San Francisco, CA | $30,700,234 | $27,748,874 |
Bay Area Community Benefit Organization Oakland, CA | $912,473 | $25,722,786 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
East Bay Asian Local Development Corporation Oakland, CA | $146,938,594 | $23,961,947 |
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |