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← REAL CHANGE HOMELESS EMPOWERMENT PROJECT

Form 990 for tax year 2024

Filed by REAL CHANGE HOMELESS EMPOWERMENT PROJECT.

Totals

Total revenue
$1,267,877
Total expenses
$1,279,541
Contributions and grants received
$1,124,465
Grants paid
$1,625
Program service revenue
$144,978
Investment income
-$3,529
Other revenue
$1,963
Total assets, end of year
$280,927
Total liabilities, end of year
$104,121
Net assets or fund balances, end of year
$176,806
Program services expenses (Part IX)
$858,872
Management and general expenses
$196,381
Fundraising expenses
$224,288
Program service expenses (Part III)
$858,872

Program services were 67.1% 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

    $146,189

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $37,126

  • 1f · All other contributions, gifts and grants

    $941,150

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Newspaper publishers

    total $144,978 · related or exempt $136,460 · unrelated business $8,518 · excluded $0

  • 3 · Investment income

    total $284 · related or exempt $0 · unrelated business $0 · excluded $284

  • 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

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $124,643 · other assets $0

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

    securities $128,456 · other assets $0

  • 7c · Gain or loss

    securities -$3,813 · other assets $0

  • 7d · Net gain or loss

    total -$3,813 · related or exempt $0 · unrelated business $0 · excluded -$3,813

  • 8a · Fundraising events: gross income

    $5,988

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

    $146,189

  • 8b · Fundraising events: direct expenses

    $5,988

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $1,394

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,394 · related or exempt $1,394 · unrelated business $0 · excluded $0

  • 11a · Other revenue: REIMBURSED COSTS

    total $569 · related or exempt $569 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $569

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $1,625 · program services $1,625

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $125,286 · program services $41,632 · management and general $60,815 · fundraising $22,839

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $637,724 · program services $459,365 · management and general $67,231 · fundraising $111,128

  • 8 · Pension plan contributions

    total $10,970 · program services $7,862 · management and general $964 · fundraising $2,144

  • 9 · Other employee benefits

    total $73,904 · program services $50,745 · management and general $10,044 · fundraising $13,115

  • 10 · Payroll taxes

    total $72,698 · program services $47,981 · management and general $11,923 · fundraising $12,794

  • 11a · Fees: management

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

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

    total $5,525 · program services $0 · management and general $5,525 · 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 $16,341 · program services $7,940 · management and general $159 · fundraising $8,242

  • 12 · Advertising and promotion

    total $1,973 · program services $386 · management and general $209 · fundraising $1,378

  • 13 · Office expenses

    total $100,378 · program services $73,826 · management and general $9,897 · fundraising $16,655

  • 14 · Information technology

    total $17,820 · program services $11,417 · management and general $3,265 · fundraising $3,138

  • 15 · Royalties

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

  • 16 · Occupancy

    total $102,371 · program services $67,129 · management and general $17,295 · fundraising $17,947

  • 17 · Travel

    total $2,940 · program services $506 · management and general $2,401 · fundraising $33

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $5,043 · program services $3,485 · management and general $686 · fundraising $872

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $6,222 · program services $5,197 · management and general $1,025 · fundraising $0

  • 24a · Other expenses: PROGRAM PRINTING

    total $69,507 · program services $69,507 · management and general $0 · fundraising $0

  • 24b · Other expenses: DUES & FEES

    total $23,002 · program services $6,183 · management and general $2,894 · fundraising $13,925

  • 24c · Other expenses: TAXES

    total $5,698 · program services $3,872 · management and general $1,826 · fundraising $0

  • 24d · Other expenses: ACKNOWLEDGMENTS

    total $514 · program services $214 · management and general $222 · fundraising $78

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,917 · end of year $113,476

  • 2 · Savings and temporary cash investments

    beginning of year $89,111 · end of year $149,037

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $11,442 · end of year $907

  • 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 $0 · 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 $17,507 · end of year $17,507

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

    $32,113

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

    $32,113

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,215 · end of year $70,184

  • 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 $24,292 · end of year $33,937

  • 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 $188,470 · end of year $176,806

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

OUR MISSION IS TO PROVIDE OPPORTUNITY AND A VOICE FOR LOW INCOME AND HOMELESS PEOPLE WHILE TAKING ACTION FOR ECONOMIC SOCIAL & RACIAL JUSTICE. REAL CHANGE HAS SEVERAL PROGRAM AREAS: THE PUBLICATION OF A WEEKLY NEWSPAPER A LOW-BARRIER EMPLOYMENT PROGRAM FOR OUR VENDORS WHO SELL THE PAPER AND ADVOCACY AND ORGANIZING FOR PUBLIC POLICIES THAT BENEFIT HOMELESS AND LOW INCOME PEOPLE.

Activities or mission (Part I)

OUR MISSION IS TO PROVIDE OPPORTUNITY AND A VOICE FOR LOW INCOME AND HOMELESS PEOPLE WHILE TAKING ACTION FOR ECONOMIC SOCIAL & RACIAL JUSTICE.

  • EDITORIAL: REAL CHANGE PUBLISHES AN AWARD-WINNING INDEPENDENT NEWSPAPER WITH A PAID CIRCULATION OF APPROXIMATELY 241,000 PAPERS ANNUALLY. ON AVERAGE THE NEWSPAPER IS PRODUCED BY FOUR JOURNALISTS AND FIFTEEN VOLUNTEERS. THE PAPER IS INFORMED BY THE ADVICE OF HOMELESS AND FORMERLY HOMELESS PEOPLE WHO REVIEW THE PAPERS CONTENT.

    Expenses $427,042 · Revenue $144,978

  • VENDOR SERVICES: WE RUN A COMPREHENSIVE VENDOR SERVICES PROGRAM THAT PROVIDES A LOW BARRIER EMPLOYMENT OPPORTUNITY TO HOMELESS AND LOW INCOME POEPLE EVERY YEAR. OUR VENDORS BUY PAPERS FROM REAL CHANGE FOR $0.60 EACH AND SELL THEM ON THE STREET FOR $2.00. IN 2024-2025 VENDORS SOLD OVER 270,000 PAPERS COLLECTIVELY EARNING OVER $540,000. REAL CHANGE PROVIDES A LOW THRESHOLD SELF-EMPLOYMENT OPPORTUNITY FOR THOSE WHO IN MOST CASES WOULD FACE SERIOUS CHALLENGES FINDING OR MAINTAINING REGULAR EMPLOYMENT.

    Expenses $347,145

  • ADVOCACY & ORGANIZING: REAL CHANGE LEVERAGES THE RELATIONSHIPS THAT EXIST BETWEEN OUR VENDORS AND READERS TO BUILD A CROSS CLASS MOVEMENT FOR ECONOMIC AND RACIAL JUSTICE. WE CONTINUE TO ADVOCATE FOR PROGRESSIVE REVENUE SOURCES TO ADDRESS THE SHORTAGE OF AFFORDABLE HOUSING AND WRAP AROUND SERVICES FOR THOSE EXPERIENCING HOMELESSNESS.

    Expenses $84,685 · Grants $1,625

As filed on the 2024 return.

Listed in Part VII

  • Felicia Salcedo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Ethan Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ebo Bartin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Riley Irish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Donald Morehead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Harold Odom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Camilla Walter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maria Elena Ramirez

    DIRECTOR THROUGH MAY 2024

    Total calculated
    $0
    Hours/week
    2

  • Matthew Echohawkhayashi

    DIRECTOR THROUGH SEPTEMBER 2024

    Total calculated
    $0
    Hours/week
    2

  • Dimitri Groce

    DIRECTOR THROUGH NOVEMBER 2024

    Total calculated
    $0
    Hours/week
    2

  • Breanne Schuster

    DIRECTOR THROUGH FEBRUARY 2025

    Total calculated
    $0
    Hours/week
    2

  • Krystal Marx

    EXECUTIVE DIRECTOR

    Total calculated
    $65,536
    From this org
    $62,046
    From related orgs
    $0
    Other
    $3,490
    Hours/week
    40

  • Tye Reed

    INTERIM EXEC DIR THROUGH JUNE 2024

    Total calculated
    $55,914
    From this org
    $52,616
    From related orgs
    $0
    Other
    $3,298
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 February 2026
IRS schema version
2024v5.1
Source object
202620499349300907

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