NEIGHBORHOOD RESOURCE CENTER

EIN: 331024355 501(c)(3) Recreation & Sports

RICHMOND, VA

Total Revenue
$575,155
Total Expenses
$451,611
Total Assets
$1,213,880
Net Assets
$1,192,617
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
VA
Principal Officer
BREANNE ARMBRUST
Phone
8048645797
Tax Period
2024-01-01 to 2024-12-31

NEIGHBORHOOD RESOURCE CENTER, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $575K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $124K, a strong 21% operating margin.

Mission

THE NEIGHBORHOOD RESOURCE CENTER IS A GRASSROOTS NON PROFIT WHOSE MISSION IS TO FOSTER PERSONAL GROWTH AND COMMUNITY CHANGE IN THE GREATER FULTON COMMUNITY AND EAST HENRICO COUNTY.

Program Service Accomplishments

Program 1
Expenses: $75,619

NUTRITION, OUTREACH, EDUCATIONAL AND CULTURAL PROGRAMMING FOR SCHOOL AGE CHILDREN AND YOUTH RANGING FROM TUTORING AND CREATIVE WRITING TO YOGA AND GARDENING.

Program 2
Expenses: $162,176

NRC WORKS - THE JOB SUPPORT LAB OFFERS JOB ASSISTANCE, WRITING RESUMES AND COVER LETTERS, AND SEARCHING FOR JOBS ONLINE. FINANCIAL, INCOME SUPPORT, AND EMPLOYMENT COACHING AND WORKSHOPS ARE OFFERED...

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NRC WORKS - THE JOB SUPPORT LAB OFFERS JOB ASSISTANCE, WRITING RESUMES AND COVER LETTERS, AND SEARCHING FOR JOBS ONLINE. FINANCIAL, INCOME SUPPORT, AND EMPLOYMENT COACHING AND WORKSHOPS ARE OFFERED TO ADULTS OF ALL AGES. OTHER ADULT PROGRAMS INCLUDE GED, TAI CHI, MEDITATION, AND YOGA.

Program 3
Expenses: $19,889

OTHER PROGRAMS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $571,071
Program Service Revenue $0
Investment Income $3,709
Other Revenue $375
TOTAL REVENUE $575,155

Expense Breakdown

Grants Paid $0
Salaries & Benefits $285,026
Fundraising Expenses $9,720
Program Expenses $257,684
Other Expenses $166,585
TOTAL EXPENSES $451,611

Year-over-Year Comparison

2024 2023 Change
Revenue $575,155 $720,018 -0.2%
Expenses $451,611 $461,856 0.0%
Net Income $123,544 $258,162 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
12
Volunteers
75

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$94,160
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN BATTLE DIRECTOR 1.00
Director
$0 $0 $0
DONNA COGHILL DIRECTOR 1.00
Director
$0 $0 $0
TICHI PINKNEY-EPPES DIRECTOR 1.00
Director
$0 $0 $0
LOK LAM PRESIDENT 1.00
Officer Director
$0 $0 $0
NATHAN CONWAY TREASURER 1.00
Officer Director
$0 $0 $0
BREANNE ARMBRUST EXECUTIVE DIRECTOR 40.00
Officer
$94,160 $0 $94,160
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $575,155 $451,611 $1,213,880 $123,544
2023 $720,018 $461,856 $1,079,102 $258,162
2022 $411,192 $484,965 $826,100 $-73,773
2021 $577,163 $379,258 $891,086 $197,905
2020 $663,933 $399,396 $657,921 $264,537
2019 $468,551 $531,433 $403,249 $-62,882
2018 $532,806 $563,626 $463,350 $-30,820
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