Overview
What is Richmond Neighborhood Housing Services Inc?
Richmond Neighborhood Housing Services Inc, located in Richmond, California, is a dedicated nonprofit organization. Their primary mission is to revitalize underserved communities in Alameda and Contra Costa Counties. To achieve this, they focus on promoting investment in these areas. One of their significant programs involves acquiring affordable rental properties throughout the Bay Area, ensuring they remain accessible to community members whose income does not exceed 120%. This is not limited to their rental income, but also excludes expenses related to rehab or maintenance. The organization's efforts to expand its property portfolio are funded through income generated from these acquisitions. With a team of 21 dedicated employees, Richmond Neighborhood Housing Services Inc plays a crucial role in enhancing the living conditions in the communities they serve.
Official website here: www.richmondnhs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
Richmond Neighborhood Housing Services Inc has received an overall score of 83%, which translates to a Three-Star rating. This score reflects a strong performance in Accountability & Finance, where the organization achieved 82 points, indicating a solid financial management framework. The charity boasts a fully independent board and has no material diversion of assets, showcasing transparency and integrity in its operations.
The organization excels in its Program Expense Ratio at 85.52%, demonstrating a commitment to allocating its resources efficiently towards its programs. Additionally, it has received a perfect score in the Culture & Community category, underscoring its effective practices in collecting and utilizing feedback from stakeholders. This level of engagement suggests that the organization values community input and adapts its services accordingly.
However, the Liabilities to Assets Ratio is at 62.93%, which indicates that while the organization has a strong financial standing, there may be some concerns regarding its liabilities in relation to its assets. Overall, Richmond Neighborhood Housing Services Inc is recognized for its strong governance and community involvement, but it may need to pay attention to its financial ratios to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Richmond Neighborhood Housing Services Inc?
100% of 20 reviewers on Facebook recommend Richmond Neighborhood Housing Services Inc. Here is a summary of their reviews:
The sentiment expressed in the reviews is overwhelmingly positive, with users highlighting the impactful work of the organization and its staff. One reviewer notably praised an individual named Atwon for his transformative influence, emphasizing the positive changes he has made in people's lives. This suggests that the nonprofit is seen as not only effective in its mission but also deeply personal and relatable to those it serves.
Overall, the strong recommendation from all reviewers indicates that the community appreciates the services provided by Richmond Neighborhood Housing Services Inc. and recognizes its efforts in promoting better living conditions.
This AI summary has been generated from reviews found on Facebook.
Is Richmond Neighborhood Housing Services Inc legitimate?
Richmond Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Neighborhood Housing Services 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $156,426
Professional Fundraising Fees: $0
Other Salaries and Wages: $626,609
For more financial information, click here
Official website here: www.richmondnhs.org
What is the mission statement of Richmond Neighborhood Housing Services Inc?
Richmond Neighborhood Housing Services Inc's mission is centered around promoting investment and revitalization in under-resourced communities. Specifically, the organization focuses on Alameda and Contra Costa Counties. Their goal is to revitalize these communities by encouraging investment, thereby improving their overall condition.
The organization operates a rental program aimed at acquiring affordable rental properties. They target properties that are affordable for community members with incomes not exceeding 120%. This income threshold excludes rental income or expenses related to property rehab/maintenance, which should be considered operational income and expenses.
In essence, Richmond Neighborhood Housing Services Inc is committed to revitalizing under-resourced communities by encouraging investment and providing affordable housing options. Their rental program plays a significant role in this mission, focusing on the acquisition of properties that meet the income requirements of the local community.
Official website here: www.richmondnhs.org
Who is the CEO of Richmond Neighborhood Housing Services Inc?
Adam Briones is the Executive Director of Richmond Neighborhood Housing Services Inc.
Official website here: www.richmondnhs.org
What is the revenue of Richmond Neighborhood Housing Services Inc?
Richmond Neighborhood Housing Services Inc's revenue in 2022 was $1,894,171.
Official website here: www.richmondnhs.org
Who are the executives of Richmond Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Richmond Neighborhood Housing Services Inc during 2022 was $37,287. There are 21 employees and 7 volunteers at Richmond Neighborhood Housing Services Inc.
Here are 8 key members and their salaries:
- Compensation: $156,426
- Related: $0
- Other: $5,113
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.richmondnhs.org
Where can I find the form 990 for Richmond Neighborhood Housing Services Inc?
Richmond Neighborhood Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richmondnhs.org
Learn more at the official website: www.richmondnhs.org
Mission Statement of Richmond Neighborhood Housing Services Inc
Richmond Neighborhood Housing Services Inc is committed to fostering investment and revitalization in under-resourced communities in Alameda and Contra Costa Counties. Their mission is twofold: promoting investment and revitalization efforts in these areas. By acquiring affordable rental properties, the organization aims to provide housing options for community members whose income does not surpass 120%. It's essential to note that this income threshold does not consider rental income or expenses related to property acquisition as part of the program's income or expenses. This approach to acquisitions is intended to expand the organization's portfolio, thereby contributing to the overall revitalization of the targeted communities.
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Impact
July, 2024
Richmond Neighborhood Housing Services Inc has a significant impact on under-resourced communities in Alameda and Contra Costa counties by promoting investment and revitalization. Through its rental program, the organization acquires affordable rental properties throughout the Bay Area for community members with incomes not exceeding 120%. This initiative helps provide housing opportunities for those in need and contributes to the overall improvement of the neighborhoods in which it operates.
This information is meant to be a general summary of Richmond Neighborhood Housing Services 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.
- Investment Income: $347,601
- Program Service Revenue: $502,450
- Gross Receipts: $2,053,893
Assets and Liabilities:
- Total Assets: $8,887,511
- Total Liabilities: $5,593,105
- Net Assets: $3,294,406
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$502,450
Organization Details
Founding Year
1981
Phone
(510) 237-6459Principal Officer
Adam Briones
Main Address
12972 SAN PABLO AVENUE, RICHMOND, CA, 94805
Website
www.richmondnhs.orgNTEE Category
Code: L80 - Housing
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