Richmond Neighborhood Housing Services Inc
- Assets
- $9.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 18
- Location
- Richmond, CA
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 94-2791683
Organization Overview
Richmond Neighborhood Housing Services Inc is located in Richmond, CA. The organization was established in 1982. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Richmond Neighborhood Housing Services Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Neighborhood Housing 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 12/2021, Richmond Neighborhood Housing Services Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 23.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE INVESTMENT IN AND REVITALIZATION OF, UNDER-RESOURCED COMMUNITIES IN ALAMEDA AND CONTRA COSTA COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING PROGRAM: PROVIDED AFFORDABLE HOUSING UNITS TO DISADVANTAGED INDIVIDUALS IN THE RICHMOND, CA AREA.
HUD FINANCIAL EDUCATION PROGRAM: PROVIDES FINANCIAL EDUCATION TO COMMUNITY MEMBERS SUPPORTING FIRST-TIME HOMEOWNERS TO REALIZE HOMEOWNERSHIP; SUPPORTING INDIVIDUALS TO CREATE FINANCIAL SUSTAINABILITY AND SUPPORTING INDIVIDUALS AT RISK OF FORECLOSURE.
RNHS IS AN INFILL SMALL DEVELOPER, BUILDING HOMEOWNERSHIP PROJECTS AND ACQUIRING NON-AFFORDABLE PROPERTIES TO BE CONVERTED INTO AFFORDABLE UNITS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki A Beasley Executive Director | Trustee | 40 | $142,124 |
Maxine Reynolds President | OfficerTrustee | 2 | $0 |
Niels Povlsen Secretary | OfficerTrustee | 2 | $0 |
Monica Wilson Board Of Director | Trustee | 1 | $0 |
Rolanda Wilson Parliamentarian | Trustee | 2 | $0 |
Fathia Maccauley Board Of 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 | $3,056,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,056,775 |
| Total Program Service Revenue | $627,603 |
| Investment income | $26,504 |
| 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 | $3,792,925 |
| 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. | $142,124 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,131 |
| Pension plan accruals and contributions | $6,691 |
| Other employee benefits | $31,592 |
| Payroll taxes | $54,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,973 |
| Fees for services: Accounting | $50,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $255 |
| Advertising and promotion | $4,523 |
| Office expenses | $35,939 |
| Information technology | $25,070 |
| Royalties | $0 |
| Occupancy | $33,127 |
| Travel | $54 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $245 |
| Interest | $177,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,580 |
| Insurance | $50,471 |
| All other expenses | $366,802 |
| Total functional expenses | $2,878,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,645,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,254,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $382,571 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,667 |
| Net Land, buildings, and equipment | $4,930,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,232,808 |
| Accounts payable and accrued expenses | $187,674 |
| 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 | $5,017,949 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,205,623 |
| Net assets without donor restrictions | $1,666,286 |
| Net assets with donor restrictions | $2,360,899 |
| 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 | $9,232,808 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Richmond Neighborhood Housing Services Inc has recieved totaling $2,051,928.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Housing and Transportation | $977,500 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA PURPOSE: CREDIT ENHANCEMENT TO SUPPORT HOMEOWNERS | $420,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $151,667 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $125,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $125,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |