RICHMOND LABOR AND LOVE COMMUNITY DEVELOPMENT CORPORATION

EIN: 861103023 501(c)(3) Housing & Shelter

RICHMOND, CA

Total Revenue
$2,762,805
Total Expenses
$931,281
Total Assets
$1,504,500
Net Assets
$1,504,500
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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
2004
Legal Domicile
CA
Principal Officer
Raymond Landry
Phone
5104350596
Tax Period
2022-07-01 to 2023-06-30

RICHMOND LABOR AND LOVE COMMUNITY DEVELOPMENT CORPORATION, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2022. Revenue surged 668% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 66% operating margin.

Mission

We build, manage and provide low-income permanent and emergency housing opportunities to qualified residents. We offer education, employment and training programs and opportunities to hard to employ individuals. We support community and faith-based organizations with financial and technical assistance to provide social services in distressed communities.

Program Service Accomplishments

Program 1
Expenses: $928,750 Revenue: $2,543,945

Provided 110 residents with low income housing units and HUD vouchers. Coordinated relative social services for housing residents. Provided a youth construction summer training program for 60 high...

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Provided 110 residents with low income housing units and HUD vouchers. Coordinated relative social services for housing residents. Provided a youth construction summer training program for 60 high school students for 3 years. Provided short term emergency shelter for 20 unhoused women and women with children.

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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 (2022)

Revenue Breakdown

Contributions & Grants $514,560
Program Service Revenue $514,560
Investment Income $1,733,685
Other Revenue $0
TOTAL REVENUE $2,762,805

Expense Breakdown

Grants Paid $446,783
Salaries & Benefits $125,010
Fundraising Expenses $0
Program Expenses $928,750
Other Expenses $359,488
TOTAL EXPENSES $931,281

Year-over-Year Comparison

2022 2021 Change
Revenue $2,762,805 $359,556 +6.7%
Expenses $931,281 $339,138 +1.7%
Net Income $1,831,524 $20,418 +88.7%
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
5
Independent Members
N/A
Employees
6
Volunteers
5

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
3
$34,560
Total Directors
2
$34,560
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Raymond Landry President/CEO 20.00
Officer Director
$34,560 $0 $34,560
Joshua Weary Secretary 5.00
$3,176 $0 $3,176
Antwon Cliord Officer 10.00
Officer
$0 $0 $0
Tommie Bradford Jr Treasurer 5.00
Director
$0 $0 $0
Paula Farr Officer 5.00
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 $2,762,805 $931,281 $1,504,500 $1,831,524
2022 $359,556 $339,138 $5,626,305 $20,418
2021 $378,924 $366,534 $5,454,193 $12,390
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