RICHMOND LABOR AND LOVE COMMUNITY DEVELOPMENT CORPORATION (EIN 861103023) - Form 990 Financial Analysis & Trantor Score

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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

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 provide various types of low-income housing opportunities. We provide education and training opportunities for underprivileged youth and adults. We engage other community based and faith-based organizations to assist in providing housing, employment and training to underserved communities.

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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%)

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

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

$34,560

Total Directors

$34,560

Key Employees

Highest Compensated

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

RICHMOND LABOR AND LOVE COMMUNITY DEVELOPMENT CORPORATION