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Nonprofiteer
← RICHMOND NEIGHBORHOOD HOUSING SERVICES INC

Form 990 for tax year 2023

Filed by RICHMOND NEIGHBORHOOD HOUSING SERVICES INC.

Totals

Total revenue
$2,526,060
Total expenses
$2,775,409
Contributions and grants received
$1,443,699
Grants paid
$95,811
Program service revenue
$634,398
Investment income
$384,544
Other revenue
$63,419
Total assets, end of year
$9,638,039
Total liabilities, end of year
$6,592,982
Net assets or fund balances, end of year
$3,045,057
Program services expenses (Part IX)
$2,239,063
Management and general expenses
$508,104
Fundraising expenses
$28,242
Program service expenses (Part III)
$2,239,063

Program services were 80.7% 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)

    $0

  • 1f · All other contributions, gifts and grants

    $1,443,699

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: RENTAL INCOME

    total $495,925 · related or exempt $495,925 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: GOVERNMENT CONTRACTS/FEES

    total $3,000 · related or exempt $3,000 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: PROGRAM SERVICE INCOME

    total $135,473 · related or exempt $135,473 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $30,754 · related or exempt $0 · unrelated business $0 · excluded $30,754

  • 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $490,200

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

    securities $0 · other assets $136,410

  • 7c · Gain or loss

    securities $0 · other assets $353,790

  • 7d · Net gain or loss

    total $353,790 · related or exempt $353,790 · unrelated business $0 · excluded $0

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

    $0

  • 11a · Other revenue: REFUNDS AND OTHER INCOME

    total $63,419 · related or exempt $63,419 · unrelated business $0 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $63,419

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $95,811 · program services $95,811

  • 5 · Compensation of officers, directors and key employees

    total $161,247 · program services $154,491 · management and general $6,756

  • 7 · Other salaries and wages

    total $848,720 · program services $846,085 · management and general $2,635

  • 9 · Other employee benefits

    total $84,201 · program services $5,425 · management and general $78,776

  • 10 · Payroll taxes

    total $77,041 · program services $73,948 · management and general $3,093

  • 11b · Fees: legal

    total $73,130 · program services $24,400 · management and general $48,730

  • 11c · Fees: accounting

    total $108,799 · program services $28,098 · management and general $80,701

  • 11g · Fees: other

    total $251,619 · program services $245,070 · management and general -$19,551 · fundraising $26,100

  • 12 · Advertising and promotion

    total $3,104 · program services $434 · management and general $528 · fundraising $2,142

  • 13 · Office expenses

    total $173,492 · program services $160,798 · management and general $12,694

  • 14 · Information technology

    total $51,414 · program services $12,589 · management and general $38,825

  • 16 · Occupancy

    total $226,234 · program services $167,951 · management and general $58,283

  • 17 · Travel

    total $28,838 · program services $9,884 · management and general $18,954

  • 19 · Conferences, conventions and meetings

    total $6,922 · program services $5,333 · management and general $1,589

  • 20 · Interest

    total $187,571 · program services $22,333 · management and general $165,238

  • 22 · Depreciation, depletion and amortization

    total $147,263 · program services $141,737 · management and general $5,526

  • 23 · Insurance

    total $106,169 · program services $106,169

  • 24a · Other expenses: PROGRAM EXPENSES

    total $141,334 · program services $136,007 · management and general $5,327 · fundraising $0

  • 24b · Other expenses: SPONSORSHIP EXPENSES

    total $2,500 · program services $2,500 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,050,484 · end of year $3,190,303

  • 2 · Savings and temporary cash investments

    beginning of year $500,739

  • 3 · Pledges and grants receivable

    beginning of year $58,000 · end of year $144,780

  • 4 · Accounts receivable

    beginning of year $15,860 · end of year $35,655

  • 7 · Other notes and loans receivable

    beginning of year $416,478 · end of year $416,196

  • 9 · Prepaid expenses and deferred charges

    end of year $19,208

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

    $6,980,945

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

    $1,700,114

  • 10c · Land, buildings and equipment, net

    beginning of year $4,845,950 · end of year $5,280,831

  • 15 · Other assets

    end of year $551,066

  • 17 · Accounts payable and accrued expenses

    beginning of year $301,000 · end of year $440,527

  • 23 · Secured mortgages and notes payable

    beginning of year $5,247,224 · end of year $5,557,003

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 25 · Other liabilities

    beginning of year $44,881 · end of year $595,452

  • 27 · Net assets without donor restrictions

    beginning of year $2,081,508 · end of year $1,905,506

  • 28 · Net assets with donor restrictions

    beginning of year $1,212,898 · end of year $1,139,551

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE INVESTMENT IN AND REVITALIZATION OF, UNDER-RESOURCED COMMUNITIES IN ALAMEDA, SOLANO, AND CONTRA COSTA COUNTIES.

  • 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.

    Expenses $603,467 · Revenue $475,771

  • 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.

    Expenses $374,698 · Grants $11,382 · Revenue -$420

  • 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 .

    Expenses $295,475

  • OTHER: GENERAL PROGRAMS, KTE/ADU, CALHFA, HAF, HOLLY FUND, SHORT TERM ASSISTANCE.

    Expenses $965,423 · Grants $84,429 · Revenue $3,000

As filed on the 2023 return.

Listed in Part VII

  • Nikki A Beasley

    EXECUTIVE DIRECTOR

    Total calculated
    $156,281
    From this org
    $154,881
    From related orgs
    $0
    Other
    $1,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,881
    Bonus
    $0
    Other
    $1,400
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $156,281

  • Rolanda Wilson

    PARLIAMENTARIAN

    Total calculated
    $0
    Hours/week
    2

  • Fathia Macauley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Adam Briones

    INTERIM PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Gohn Marie McFadden

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jhalia R Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kwame Baah-Arhin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shanon Lampkins-Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Obinna Uwakah

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations on this return.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FILBERT WEST OAKLAND LLC

    C · SUPPORT AFFORDABLE HOUSING THROUGH INFILL DEVELOPMENT. · RI · 100% owned · share of income $0 · share of assets $498,070

    Directly controlled by RICHMOND NEIGHBORHOOD HOUSING SERVICES INC

  • RESTORING NEIGHBORHOODS LLC

    C · AFFORDABLE HOUSING DEVELOPMENT ORGANIZATION WITH CHARITABLE PURPOSE OF PROVIDING AFFORDABLE HOUSING · CA · 100% owned

    Directly controlled by RICHMOND NEIGHBORHOOD HOUSING SERVICES INC

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.0
Source object
202412849349300736

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