RICHMOND NEIGHBORHOOD HOUSING SERV… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

C J JOHNSON

Phone

5102376459

Tax Period

2024-01-01 to 2024-12-31

RICHMOND NEIGHBORHOOD HOUSING SERVICES INC, founded in 1981, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE INVESTMENT IN AND REVITALIZATION OF UNDER RESOURCED COMMUNITES IN ALAMEDA, SOLANO, AND CONTRA COSTA COUNTIES. THROUGH PROGRAMS SUPPORTING HOMEOWNERSHIP, FINANCIAL EDUCATION AND WORKFORCE DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $544,603 Revenue: $54,015

HUD FINANCIAL EDUCATION PROGRAM - HUD COUNSELING AGENCY- IS AN APPROVED HOUSING COUSELING AGENCY THE ORGANZATION PROVIDES FINANCIAL EDUCATION TO COMMUNITY MEMBERS SUPPORTING FIRST-TIME HOMEBUYERS TO REALIZE HOMEOWNERSHIP; SUPPORTING INDIVIDUALS TO CREAT FINANCIAL SUSTAINABILITY AND SUPPORTING INDIVIDUALS AT RISK OF FORECLOSURE.

Program 2

Expenses: $388,616 Revenue: $0

EMERGING DEVELOPERS PROGRAM - EDP IS A 3-MONTH LONG EDUCATIONAL PROGRAM DESIGNED TO PROVIDE INDUSTRY PROFESSIONALS WITH THE KNOWLEDGE AND TECHNICAL SKILLS TO DEVELOP INFILL UNITS AND SINGLE-FAMILY...

EMERGING DEVELOPERS PROGRAM - EDP IS A 3-MONTH LONG EDUCATIONAL PROGRAM DESIGNED TO PROVIDE INDUSTRY PROFESSIONALS WITH THE KNOWLEDGE AND TECHNICAL SKILLS TO DEVELOP INFILL UNITS AND SINGLE-FAMILY HOMES. RNHS COORDINATES AND ALIGN RESOURCES BETWEEN COMMUNITY-BASED TECHNICAL ASSISTANCE PROVIDERS, AND LENDERS TO MAXIMIZE THE RESOURCES TARGETED DIRECTLY.

Program 3

Expenses: $140,367 Revenue: $1,000

KTE/ADU - ADVANCE RACIAL EQUITY IN HOUSING BY INCREASING ACCESS TO WEALTH-BUILDING AND INCOME OPPORTUNITIES THROUGH SUPPORT OF FINANCING MODELS FOR ADUS THAT SPECIFICALLY MEET THE NEEDS OF LOWER AND MODERATE-INCOME HOMEOWNERS. PROVE EFFICIENCY, SCALABILITY, AND INNOVATIVE ADU LOANS FOR LOW TO MODERATE-INCOME HOMEOWNERS. PROGRAM HAS ENDED EFFECTIVE APRIL OF 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $892,368

Program Service Revenue $481,096

Investment Income $498,200

Other Revenue $1

TOTAL REVENUE $1,871,665

Expense Breakdown

Grants Paid $140,865

Salaries & Benefits $919,859

Fundraising Expenses $0

Program Expenses $1,142,443

Other Expenses $1,359,544

TOTAL EXPENSES $2,420,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,871,665	$2,526,060	-0.3%
Expenses	$2,420,268	$2,775,409	-0.1%
Net Income	$-548,603	$-249,349	+1.2%

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

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

Total Directors

Key Employees

$145,140

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKKI A BEASLEY	EXECUTIVE DIRECTOR	40	Key Emp	$141,240	$3,900	$145,140
ROLANDA WILSON	PARLIAMENTARIAN	2	Officer Director	$0	$0	$0
FATHIA MACAULEY	BOARD MEMBER	2	Director	$0	$0	$0
GOHN MARIE MCFADDEN	BOARD MEMBER	2	Director	$0	$0	$0
JHALIA R BROWN	BOARD MEMBER	2	Director	$0	$0	$0
OBINNA UWAKAH	BOARD MEMBER	2	Director	$0	$0	$0
C J JOHNSON	BOARD MEMBER	2	Director	$0	$0	$0
JOE FERNANDEZ	BOARD MEMBER	2	Director	$0	$0	$0
ADAM BRIONES	INTERIM PRESIDENT	2	Officer Director	$0	$0	$0
KWAME BAAH-ARHIN	BOARD MEMBER	2	Director	$0	$0	$0
SHANON LAMPKINS	BOARD MEMBER	2	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
2024	$1,871,665	$2,420,268	$8,439,685	$-548,603
2023	$2,526,060	$2,775,409	$9,638,039	$-249,349
2022	$1,894,171	$2,503,121	$8,887,511	$-608,950
2021	$3,792,925	$2,878,830	$9,232,808	$914,095
2020	$1,631,026	$1,168,544	$7,572,276	$462,482
2019	$830,649	$678,255	$3,495,645	$152,394
2018	$614,968	$671,028	$3,460,751	$-56,060
2017	$701,849	$674,973	$3,626,375	$26,876

RICHMOND NEIGHBORHOOD HOUSING SERVICES INC