RICHMOND MAIN STREET INITIATIVE INC

EIN: 680481132 501(c)(3) Community Improvement

RICHMOND, CA

Total Revenue
$337,832
Total Expenses
$325,757
Total Assets
$239,507
Net Assets
$239,507
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Principal Officer
DIEGO GARCIA
Phone
5102364050
Tax Period
2025-01-01 to 2025-12-31

RICHMOND MAIN STREET INITIATIVE INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $338K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $326K left a modest 4% surplus.

Mission

TO PROMOTE THE REVITALIZATION OF HISTORIC DOWNTOWN RICHMOND DISTRICT, CREATE AREA BEAUTIFICATION AND TO AID IN THE ALLEVIATION OF UNEMPLOYMENT.

Program Service Accomplishments

Program 1
Expenses: $266,085 Revenue: $3,531

PROMOTING REVITALIZATION OF THE HISTORIC RICHMOND DOWNTOWN DISTRICT, CREATION OF AREA BEAUTIFICATION, AIDING IN THE ALLEVIATION OF UNEMPLOYMENT AND INCREASING DOWNTOWN PEDESTRIAN TRAFFIC TO CREATE...

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PROMOTING REVITALIZATION OF THE HISTORIC RICHMOND DOWNTOWN DISTRICT, CREATION OF AREA BEAUTIFICATION, AIDING IN THE ALLEVIATION OF UNEMPLOYMENT AND INCREASING DOWNTOWN PEDESTRIAN TRAFFIC TO CREATE MULITCULTURAL MARKETPLACE THROUGH BUSINESS GROWTH.

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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 (2025)

Revenue Breakdown

Contributions & Grants $334,301
Program Service Revenue $3,531
Investment Income $0
Other Revenue $0
TOTAL REVENUE $337,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,957
Fundraising Expenses $2,558
Program Expenses $266,085
Other Expenses $201,800
TOTAL EXPENSES $325,757

Year-over-Year Comparison

2025 2024 Change
Revenue $337,832 $358,628 -0.1%
Expenses $325,757 $257,137 +0.3%
Net Income $12,075 $101,491 -0.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ILAF EUSF BOARD MEMBER 1.00
Director
$0 $0 $0
DIEGO GARCIA CHAIR 1.00
Officer Director
$0 $0 $0
CYNTHIA HADEN BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN LAU BOARD MEMBER 1.00
Director
$0 $0 $0
RUBEN OLAGUES BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL PERRI VICE CHAIR 1.00
Officer Director
$0 $0 $0
TIFFANY TURNER SECRETARY 1.00
Officer Director
$0 $0 $0
SARAH WALLY TREASURER 1.00
Officer Director
$0 $0 $0
BILLY WARD BOARD MEMBER 1.00
Director
$0 $0 $0
YVETTE WILLIAMS-BARR BOARD MEMBER 1.00
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
2025 $337,832 $325,757 $239,507 $12,075
2024 No data No data No data No data
2023 $237,452 $341,967 $127,617 $-104,515
2022 $310,599 $340,431 $240,714 $-29,832
2021 $469,176 $320,933 $263,399 $148,243
2020 $320,257 $340,430 $157,089 $-20,173
2019 $403,400 $388,708 $157,104 $14,692
2018 $448,376 $429,618 $170,311 $18,758
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