REAL CHANCES INC

EIN: 452746324 501(c)(3) Human Services

RICHMOND, VA

Total Revenue
$29,690
Total Expenses
$38,389
Total Assets
$34,193
Net Assets
$-1,306,810
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Tax Period
2023-01-01 to 2023-12-31

REAL CHANCES INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $607K in total revenue in fiscal year 2020. The organization ran a surplus of $166K, a strong 27% operating margin.

Mission

PROVIDE SUPPORTS AND SERVICES TO INDIVIDUALS LIVING ON THE MARGINS AS A RESULT OF HOMELESSNESS, POVERTY, MENTAL ILLNESS AND PRIOR INCARCERATION. PRIMARY PROGRAMS ARE: RUMI, THE WORKFORCE DEVELOPMENT PROGRAM; CHAMBERBROOK, THE COMMUNITY ENGAGEMENT AND DEVELOPMENT PROGRAM

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,690
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $29,690

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $38,389
Other Expenses $38,389
TOTAL EXPENSES $38,389

Year-over-Year Comparison

2023 2022 Change
Revenue $29,690 N/A N/A
Expenses $38,389 N/A N/A
Net Income $-8,699 N/A N/A
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
N/A
Independent Members
N/A
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AISHA BULLARD EXECUTIVE DIRECTOR 0.00
Officer
$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
2023 $29,690 $38,389 $34,193 $-8,699
2022 $148,302 $333,345 $25,495 $-185,043
2021 $977,016 $1,604,832 $471,764 $-627,816
2020 $607,200 $440,745 $192,910 $166,455
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