Overview
What is Richmond Opportunities Inc?
Richmond Opportunities Inc, located at 3409 W Moore St, Richmond, VA 23230, is a nonprofit organization dedicated to community transformation. They collaborate with the Richmond Redevelopment Housing Authority, the Office of Community Wealth Building, and other nonprofit partners to offer a range of social and supportive services. The primary mission of Richmond Opportunities Inc is to help individuals and families residing in Richmond's public housing communities achieve self-sufficiency. By providing these services, they aim to ensure that people thrive in safe and healthy housing environments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Richmond Opportunities Inc. has received a commendable Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity's overall score of 87% is derived solely from its accountability and finance metrics, reflecting the organization's commitment to transparency and responsible financial management. The high rating signifies that they maintain a solid operational framework, ensuring that donations are used effectively.
The organization demonstrates notable strengths, including a fully independent board, with all 10 members meeting the criteria, and a strong liability to asset ratio of 0.00%. Additionally, they adhere to best practices with established conflict of interest and whistleblower policies. Their program expense ratio stands at a robust 71.03%, suggesting that the majority of funds are allocated directly to their programs, which is a positive indicator of their operational efficiency.
While Richmond Opportunities Inc. has shown a strong commitment to accountability, it is important for potential donors to consider the overall impact and effectiveness of their programs, as the rating is based solely on financial metrics. However, the strong governance framework the organization has established positions it well in terms of transparency and ethical management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Richmond Opportunities Inc legitimate?
Richmond Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Opportunities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Richmond Opportunities Inc?
Richmond Opportunities Inc., through its mission, aims to facilitate community transformation by establishing avenues leading to self-sufficiency for individuals residing in public housing communities. The organization's primary objective is to ensure that these individuals and families can thrive in safe and healthy living environments. Richmond Opportunities Inc. collaborates with various partners, including the Richmond Redevelopment Housing Authority and other nonprofit organizations, to provide a comprehensive range of social and supportive services. These services are designed to empower the community and improve the overall quality of life for those residing in public housing.
Who is the CEO of Richmond Opportunities Inc?
Sherrie Armstrong is the Chair of Richmond Opportunities Inc.
What is the revenue of Richmond Opportunities Inc?
Richmond Opportunities Inc's revenue in 2022 was $0.
Who are the executives of Richmond Opportunities Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Richmond Opportunities Inc?
Richmond Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richmond Opportunities Inc
Richmond Opportunities Inc, or ROI, is committed to fostering community transformation by establishing pathways to self-sufficiency for individuals and families residing in Richmond's public housing communities. The organization's mission is to ensure that these individuals and families can thrive in safe and healthy housing. ROI works collaboratively with the Richmond Redevelopment Housing Authority (RRHA), the Office of Community Wealth Building, and various other nonprofit partners to provide a comprehensive range of social and supportive services. By partnering with these organizations, ROI aims to empower residents of public housing communities, enabling them to improve their living conditions and build sustainable, fulfilling lives.
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Impact
October, 2024
Richmond Opportunities Inc. plays a vital role in fostering community transformation by creating pathways to self-sufficiency for residents in Richmond's public housing communities. Its impact is profound, as it ensures that individuals and families can thrive in safe and healthy housing environments. By partnering with organizations such as the Richmond Redevelopment Housing Authority and the Office of Community Wealth Building, Richmond Opportunities Inc. provides a comprehensive array of social and supportive services. These services empower residents to achieve stability, enhance their quality of life, and build a foundation for sustained success, ultimately contributing to the overall well-being of the community.
This information is meant to be a general summary of Richmond Opportunities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $0
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- Net Assets: $0
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Organization Details
Founding Year
1992
Phone
(804) 330-7400Principal Officer
Sherrie Armstrong
Main Address
3409 W MOORE ST, RICHMOND, VA, 23230
NTEE Category
Code: L00 - Housing
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