RESIDENTIAL OPTIONS INC C/O NRHA

EIN: 541614700 501(c)(3) Community Improvement

NORFOLK, VA

Total Revenue
$137,356
Total Expenses
$195,613
Total Assets
$1,237,402
Net Assets
$218,111
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
MICHAEL CLARK
Phone
7576231111
Tax Period
2022-01-01 to 2022-12-31

RESIDENTIAL OPTIONS INC C/O NRHA, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $102K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $199K exceeded revenue, resulting in a 96% operating deficit.

Mission

TO PROVIDE HOUSING FOR THE MENTALLY DISADVANTAGED.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $137,353
Investment Income $3
Other Revenue $0
TOTAL REVENUE $137,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,518
Fundraising Expenses $0
Program Expenses $182,525
Other Expenses $183,095
TOTAL EXPENSES $195,613

Year-over-Year Comparison

2022 2021 Change
Revenue $137,356 $220,290 -0.4%
Expenses $195,613 $200,632 0.0%
Net Income $-58,257 $19,658 -4.0%
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
3
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
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD JACKSON PRESIDENT 0.50
Officer Director
$0 $0 $0
VIRGINIA MACK SEC/TREAS 0.30
Officer Director
$0 $0 $0
DONNA MILLS VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
GARY HAMMOND BOARD MEMBER 0.30
Officer Director
$0 $0 $0
LOU ANNE TEMPLETON BOARD MEMBER 0.30
Officer Director
$0 $0 $0
THOMAS WEAVER BOARD MEMBER 0.30
Officer Director
$0 $0 $0
BRUCE HOLBROOK BOARD MEMBER 0.30
Officer Director
$0 $0 $0
LINDA MCCLUNEY BOARD MEMBER 0.30
Officer 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
2022 $137,356 $195,613 $1,237,402 $-58,257
2021 $220,290 $200,632 $1,148,921 $19,658
2020 $341,568 $174,962 $1,187,511 $166,606
2019 $132,986 $181,394 $1,045,010 $-48,408
2018 $101,550 $199,490 $917,919 $-97,940
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