Richmond Neighborhood Housing Services Inc
- Assets
- $9.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Richmond, CA
- Founding
- 03/1982
- Data as of
- 12/2023
- 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 12/2023, Richmond Neighborhood Housing Services Inc employed 19 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 12/2023, Richmond Neighborhood Housing Services Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 17.0% per year over the past 9 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
THE ORGANIZATION'S MISSION IS TO PROMOTE INVESTMENT IN AND REVITALIZATION OF, UNDER-RESOURCED COMMUNITIES IN ALAMEDA, SOLANO, AND CONTRA COSTA COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL PROGRAM - RNHS LOOKS TO ACQUIRE RENTAL PROPERTIES THROUGHOUT THE BAY AREA THAT ARE DEEMED AFFORABLE FOR COMMUNITY MEMBERS WHO'S INCOME DOES NOT EXCEED 120% ( NOTE THIS SHOULD NOT INCLUDE RENTAL INCOME OR REHAB/ MAINTENACE AS A PROGRAM INCOME OR EXPENSES- THIS SHOULD BE CONSIDERED OPERATIONAL INCOME AND EXPENSE)- THE PROGRAM INCOME / EXPENSE SHOULD BE RELATED TO THE EXPENSES AND ANY INCOME RELATED TO THE ACQUISITION EFFORTS TO ADDING PROPERTIES TO THE PORTFOLIO.
OTHER: GENERAL PROGRAMS, KTE/ADU, CALHFA, HAF, HOLLY FUND, SHORT TERM ASSISTANCE.
HUD FINANCIAL EDUCATION PROGRAM - HUD COUNSELING AGENCY- AS AS APPROVED HOUSING COUSELING AGENCY THE ORGANZATION PROVIDES FINANCIAL EDUCATION TO COMMUNITY MEMBERS SUPPORTING FIRST-TIME HOMEBUYERS TO REALIZE HOMEOWNERSHIP; SUPPORTING INDIVIDUALS TO CREAT FINANCIAL SUSTAINABILITY AND SUPPORTING INDIVIDUALS AT RISK OF FORECLOSURE.
RESTORING NEIGHBORHOODS - RNHS IS AN INFILL SMALL DEVELOPER, LOOKING TO DEVELOP PROPERTIES IN THE COUNTIES OF ALAMEDA, CONTRA COSTA AND SOLANO COUNTIES THROUGH THE ACQUISTION, REHAB MODEL - PURCHASING DORMAT, VACANT PROPERTIES MAKING AVAILABLE TO FIRST TIME HOMEBUYERS THAT DO NOT EXCEED 120 % AMI .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki A Beasley Executive Director | Officer | 40 | $154,881 |
Rolanda Wilson Parliamentarian | OfficerTrustee | 2 | $0 |
Fathia Macauley Board Member | Trustee | 2 | $0 |
Adam Briones Interim President | OfficerTrustee | 2 | $0 |
Gohn Marie Mcfadden Treasurer | OfficerTrustee | 2 | $0 |
Jhalia R Brown Board Member | Trustee | 2 | $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 | $1,443,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,443,699 |
| Total Program Service Revenue | $634,398 |
| Investment income | $30,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $353,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,526,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $95,811 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,247 |
| Compensation of current officers, directors, key employees. | $6,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $848,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,201 |
| Payroll taxes | $77,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,130 |
| Fees for services: Accounting | $108,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,619 |
| Advertising and promotion | $3,104 |
| Office expenses | $173,492 |
| Information technology | $51,414 |
| Royalties | $0 |
| Occupancy | $226,234 |
| Travel | $28,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,922 |
| Interest | $187,571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,263 |
| Insurance | $106,169 |
| All other expenses | $0 |
| Total functional expenses | $2,775,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,190,303 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $144,780 |
| Accounts receivable, net | $35,655 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $416,196 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,208 |
| Net Land, buildings, and equipment | $5,280,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $551,066 |
| Total assets | $9,638,039 |
| Accounts payable and accrued expenses | $440,527 |
| 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 | $5,557,003 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $595,452 |
| Total liabilities | $6,592,982 |
| Net assets without donor restrictions | $1,905,506 |
| Net assets with donor restrictions | $1,139,551 |
| 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 | $9,638,039 |