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Nonprofiteer
← RICHMOND LABOR AND LOVE COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by RICHMOND LABOR AND LOVE COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,762,805
Total expenses
$931,281
Contributions and grants received
$514,560
Grants paid
$446,783
Program service revenue
$514,560
Investment income
$1,733,685
Other revenue
$0
Total assets, end of year
$1,504,500
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,504,500
Program services expenses (Part IX)
$789,226
Management and general expenses
$142,055
Fundraising expenses
$0
Program service expenses (Part III)
$928,750

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $499,760

  • 1f · All other contributions, gifts and grants

    $14,800

  • 2a · Program service revenue: Housing Services

    total $499,760 · related or exempt $499,760 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Social Services

    total $14,800 · related or exempt $14,800

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $2,044,185

  • 7b · Less cost or other basis and sales expenses

    other assets $310,500

  • 7c · Gain or loss

    securities $0 · other assets $1,733,685

  • 7d · Net gain or loss

    total $1,733,685 · related or exempt $1,733,685 · unrelated business $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $446,783 · program services $446,783

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $37,736 · program services $0 · management and general $37,736

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0

  • 7 · Other salaries and wages

    total $74,347 · program services $74,347 · management and general $0

  • 8 · Pension plan contributions

    total $1,724 · program services $1,724 · management and general $0

  • 9 · Other employee benefits

    total $684 · program services $684 · management and general $0

  • 10 · Payroll taxes

    total $10,519 · program services $0 · management and general $10,519

  • 11a · Fees: management

    total $85,000 · program services $0 · management and general $85,000 · fundraising $0

  • 11b · Fees: legal

    total $5,600 · program services $0 · management and general $5,600

  • 11c · Fees: accounting

    total $3,200 · program services $0 · management and general $3,200 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0

  • 12 · Advertising and promotion

    total $1,000 · program services $1,000

  • 13 · Office expenses

    total $1,200 · program services $1,200

  • 14 · Information technology

    total $7,500 · program services $7,500

  • 15 · Royalties

    total $0 · program services $0

  • 16 · Occupancy

    total $84,000 · program services $84,000

  • 17 · Travel

    total $3,200 · program services $3,200

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0

  • 19 · Conferences, conventions and meetings

    total $2,200 · program services $2,200

  • 20 · Interest

    total $10,500 · program services $10,500

  • 22 · Depreciation, depletion and amortization

    total $100,000 · program services $100,000

  • 23 · Insurance

    total $2,600 · program services $2,600

  • 24a · Other expenses: Utilities

    total $18,800 · program services $18,800

  • 24b · Other expenses: Computer Internet Services

    total $5,400 · program services $5,400

  • 24c · Other expenses: Repairs

    total $16,000 · program services $16,000

  • 24d · Other expenses: Landscaping

    total $4,087 · program services $4,087

  • 24e · All other expenses

    total $9,201 · program services $9,201

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,500 · end of year $1,000,500

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $450,000

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $359,556 · end of year $54,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $294,220 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $4,551,550 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $402,479 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $18,500 · end of year $1,504,500

  • 28 · Net assets with donor restrictions

    beginning of year $5,607,805 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0

Mission and programs · 2022

Mission

We build, manage and provide low-income permanent and emergency housing opportunities to qualified residents. We offer education, employment and training programs and opportunities to hard to employ individuals. We support community and faith-based organizations with financial and technical assistance to provide social services in distressed communities.

Activities or mission (Part I)

We provide various types of low-income housing opportunities. We provide education and training opportunities for underprivileged youth and adults. We engage other community based and faith-based organizations to assist in providing housing, employment and training to underserved communities.

  • Provided 110 residents with low income housing units and HUD vouchers. Coordinated relative social services for housing residents. Provided a youth construction summer training program for 60 high school students for 3 years. Provided short term emergency shelter for 20 unhoused women and women with children.

    Expenses $928,750 · Grants $446,783 · Revenue $2,543,945

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Raymond Landry

    President/CEO

    Total calculated
    $34,560
    From this org
    $34,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Joshua Weary

    Secretary

    Total calculated
    $3,176
    From this org
    $3,176
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Antwon Cliord

    Officer

    Total calculated
    $0
    Hours/week
    10

  • Tommie Bradford Jr

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Paula Farr

    Officer

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
None of the above apply to our organization
Part I, Line 3
Our organization used the website Career Zone to determine the compensation for our manager.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • (1) Macdonald Housing Partners LP

    Affordable Housing CA Exemp · CA

  • ) Centerline Investor LP LLC 625 Madison Avenue 5th floor

    0 · Tax Credit Investor · NY

    Directly controlled by NA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Related Companies of California 18201 Von Carman Avenue 900 Irvine CA 9261

    Administrative · CA · 0% owned · general or managing partner

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

This return attached Schedule N but itemized no distributions.

Provenance

Return type
form_990
Tax year
2022
Filed
13 January 2024
IRS schema version
2022v5.0
Source object
202400639349300400

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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