North Richmond Economic Development Corporation
- Assets
- $524.6k
- Revenue
- $583.7k
- Investments
- $0.0
- Employees
- 22
- Location
- Richmond, CA
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 57-1216032
Organization Overview
North Richmond Economic Development Corporation is located in Richmond, CA. The organization was established in 2007. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, North Richmond Economic Development Corporation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Richmond Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, North Richmond Economic Development Corporation generated $583.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $295.5k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROPERTY MANAGEMENT AND CONTRACT LICENSE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT AND CONTRACT LICENSE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lekisha Sweet Dir. Prop.mgmt. | 40 | $101,087 | |
Darlene M Williams Treasurer | OfficerTrustee | 1 | $0 |
Maria Benjamin Secretary | OfficerTrustee | 1 | $0 |
Larry Taylor Vice President | OfficerTrustee | 1 | $0 |
Jennifer Hicks President | OfficerTrustee | 1 | $0 |
Donald A Gilmore Executive Dir. | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $209,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,422 |
| Total Program Service Revenue | $340,249 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $583,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,087 |
| Payroll taxes | $11,257 |
| Fees for services: Management | $105,150 |
| Fees for services: Legal | $2,943 |
| Fees for services: Accounting | $1,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,705 |
| Advertising and promotion | $0 |
| Office expenses | $16,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $826 |
| Interest | $389 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $254 |
| Insurance | $2,602 |
| All other expenses | $584 |
| Total functional expenses | $295,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,059 |
| Net Land, buildings, and equipment | $254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $524,632 |
| Accounts payable and accrued expenses | $53,248 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,969 |
| Total liabilities | $63,217 |
| Net assets without donor restrictions | $461,415 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $524,632 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Richmond Economic Development Corporation has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loma Linda - Inland Empire Consortium For Healthcare Educatio Loma Linda, CA | $13,392,456 | $70,891,145 |
The Larry Ellison Foundation Walnut Creek, CA | $37,551,478 | $41,100,114 |
The@bob And Margie Petersen Foundation Pasadena, CA | $667,659 | $2,230,866 |
H N And Frances C Berger Foundation Palm Desert, CA | $0 | $33,542,888 |
Nike Foundation Beaverton, OR | $18,150,265 | $37,684,992 |
Playworks Education Energized Oakland, CA | $24,126,538 | $37,991,341 |
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |