REAL Life

EIN: 371797980 501(c)(3) Housing & Shelter

Richmond, VA

Total Revenue
$2,170,135
Total Expenses
$1,750,591
Total Assets
$1,480,312
Net Assets
$1,410,935
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
Sarah H Scarbrough
Phone
8043223392
Tax Period
2023-01-01 to 2023-12-31

REAL Life, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $471K in total revenue in fiscal year 2018. Revenue surged 332% from the prior year, signaling strong growth momentum. Expenses of $429K left a modest 9% surplus.

Mission

REAL LIFE's mission is to create pathways to attain and sustain a thriving life for those who desire change. REAL LIFE's vision is to walk alongside its clients and those in need, in order to see them grow into a prosperous and thriving life.Our mission is to develop a relationship with each person we serve (as we refer to them, Lifers) that equips them to make the visible progress necessary for their personal pathway to a Thriving Life. Along the way, we engage the community and bring awareness to the needs of Lifers. Our work meets a standard of accountability we call compelling stewardship that allows us to engage Lifers with a level of service and financial effectiveness seldom seen.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,824,045
Program Service Revenue $375,158
Investment Income $93
Other Revenue $-29,161
TOTAL REVENUE $2,170,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $969,358
Fundraising Expenses $0
Program Expenses $1,588,427
Other Expenses $781,233
TOTAL EXPENSES $1,750,591

Year-over-Year Comparison

2023 2022 Change
Revenue $2,170,135 $1,696,699 +0.3%
Expenses $1,750,591 $1,422,435 +0.2%
Net Income $419,544 $274,264 +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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Governance

Voting Members
10
Independent Members
10
Employees
25
Volunteers
N/A

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
2
$109,571
Total Directors
10
$109,571
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sarah H Scarborough PhD Founder and Director 40.00
Officer Director
$109,571 $0 $109,571
Jamal Brooks Board Member 2.00
Director
$0 $0 $0
Anand Francis Board Member 2.00
Director
$0 $0 $0
Elaine Minor Board Member 2.00
Officer Director
$0 $0 $0
CT Woody Board Member 2.00
Director
$0 $0 $0
Tanya Warren Secretary 2.00
Director
$0 $0 $0
Allen Bowman Treasurer 2.00
Director
$0 $0 $0
Julie Dime Board Member 2.00
Director
$0 $0 $0
Chelsea Rarrick Board Member 2.00
Director
$0 $0 $0
Julie Herzog Board Member 2.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $2,170,135 $1,750,591 $1,480,312 $419,544
2022 $1,696,699 $1,422,435 $1,089,552 $274,264
2021 $1,326,903 $921,235 $1,051,389 $405,668
2020 $781,017 $578,513 $601,534 $202,504
2019 $509,396 $512,289 $223,048 $-2,893
2018 $470,829 $428,652 $110,979 $42,177
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