Cristo Rey Richmond High School Inc

EIN: 812742073 501(c)(3) Education

Richmond, VA

Total Revenue
$6,472,819
Total Expenses
$6,172,330
Total Assets
$20,292,169
Net Assets
$11,746,924
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
Christopher Reddick
Phone
8044474704
Tax Period
2024-07-01 to 2025-06-30

Cristo Rey Richmond High School Inc, founded in 2016, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $6.2M left a modest 5% surplus.

Mission

Cristo Rey Richmond High School is a Catholic learning community that educates young people of limited economic means to become men and women of faith, purpose and service. Through a rigorous college preparatory curriculum, integrated with a relevant work study experience, students graduate ready to succeed in college and in life. We are part of the Cristo Rey Network of high schools, serving exclusively low-income youth throughout the country.

Program Service Accomplishments

Program 1
Expenses: $4,121,456 Revenue: $281,475

All Cristo Rey schools incorporate a unique corporate work study program that prepares students from families of limited economic means for college and beyond. Payments from the Corporate Work Study...

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All Cristo Rey schools incorporate a unique corporate work study program that prepares students from families of limited economic means for college and beyond. Payments from the Corporate Work Study partners partially offset the cost of the students' education. Though the Corporate Work Study Program is a separate 501(c)(3) entity that files a separate 990, all of the expenses related to both the academic program and the Corporate Work Study Program are incurred by the school. Major program expenditures include: - Salaries and benefits of both the academic faculty and administration and the Corporate Work Study staff- Student meal program that provides breakfast and lunch daily at no cost to the students- Student programs/supplies including computers, textbooks, uniforms, work study training, athletics/extracurricular activities- Facility improvements and maintenance- Transportation costs for students

Program 2
Expenses: $881,233

Work-study program - All students of the School are required to participate in the Work-study program. The program provides students valuable employment training and on-the-job experience in addition...

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Work-study program - All students of the School are required to participate in the Work-study program. The program provides students valuable employment training and on-the-job experience in addition to a reduction in their tuition at the School.

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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 $6,038,865
Program Service Revenue $281,475
Investment Income $152,479
Other Revenue $0
TOTAL REVENUE $6,472,819

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,006,883
Fundraising Expenses $380,203
Program Expenses $5,002,689
Other Expenses $2,165,447
TOTAL EXPENSES $6,172,330

Year-over-Year Comparison

2024 2023 Change
Revenue $6,472,819 $9,214,571 -0.3%
Expenses $6,172,330 $5,907,292 +0.0%
Net Income $300,489 $3,307,279 -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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Governance

Voting Members
14
Independent Members
14
Employees
85
Volunteers
10

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
7
$248,962
Total Directors
16
$197,575
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Accashian Director 1.00
Director
$0 $0 $0
Thomas Benedetti Director 1.00
Director
$0 $0 $0
Drew Burrichter Director 1.00
Director
$0 $0 $0
Maria Carreras Director 1.00
Director
$0 $0 $0
Elena Edwards Director 1.00
Director
$0 $0 $0
Peter Farrell Director 1.00
Director
$0 $0 $0
Edward Gerardo Board Secretary 2.00
Officer Director
$0 $0 $0
Christopher Habenicht Chair-Emeritus 1.00
Director
$0 $0 $0
Yvette Johnson-Threat Director 1.00
Director
$0 $0 $0
Michael Maruca Director 1.00
Director
$0 $0 $0
Angela Middleton Director 1.00
Director
$0 $0 $0
Peter Quinn Chair 5.00
Officer Director
$0 $0 $0
Patricia L Robertson Director 1.00
Director
$0 $0 $0
Alma Showalter Board Treasurer 2.00
Officer Director
$0 $0 $0
Peter J McCourt Immediate Past President & CEO 20.00
Officer Director
$159,470 $10,598 $170,068
Charleita Richardson President & CEO 20.00
Officer Director
$26,250 $1,257 $27,507
Jane Johnson Immediate Past CFO 30.00
Officer
$47,869 $3,518 $51,387
Stephen Benedetti Interim CFO 5.00
Officer
$0 $0 $0
Kristina Caplinger VP, Corporate Work Study & Chief Talent Officer 10.00
Highest
$111,817 $245 $112,062
James Parrish VP of Advancement & Chief Development Officer 20.00
Highest
$116,619 $8,646 $125,265
Lynn Waidelich Principal and Chief Academic Officer 20.00
Highest
$103,817 $0 $103,817
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 $6,472,819 $6,172,330 $20,292,169 $300,489
2024 $9,214,571 $5,907,292 $20,229,983 $3,307,279
2023 $5,662,760 $4,962,585 $16,353,834 $700,175
2022 $6,245,321 $3,784,481 $14,977,005 $2,460,840
2021 $3,527,034 $2,901,948 $5,757,095 $625,086
2020 $4,481,397 $2,897,038 $4,951,268 $1,584,359
2019 $1,608,261 $1,084,123 $3,150,602 $524,138
2018 $2,559,341 $359,467 $2,341,293 $2,199,874
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