Richmond Community-owned Development Enterprise is a 501(c)(3) organization based in Richmond, California, registered in 2019, with $1,595,297 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.6M
▲ 2.3% vs prior year
Community median: $184K
Expenses (FY2024)
$761K
Net assets
$3.5M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Richmond Community-owned Development Enterprise— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Richmond Community-owned Development Enterprise: 54 mo reserves · +52% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Richmond Community-owned Development Enterprise— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Richmond Community-owned Development Enterprise: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $870K (FY2020) to $1.6M (FY2024) across 5 reported years.
Financial snapshot
Operating margin
52.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.3M
Total liabilities
$848K
Net assets
$3.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,595,297▲2.3% | $761,404▼5.9% | $3,453,312▲31.9% | $4,301,083▲24.7% | 990 |
| 2023 | $1,559,361▲16.7% | $808,942▲27.4% | $2,618,749▲40.3% | $3,448,832▲29.2% | 990 |
| 2022 | $1,336,713▲41.3% | $634,894▲41.2% | $1,866,612▲60.3% | $2,669,748▲127% | 990 |
| 2021 | $945,837▲8.8% | $449,716▲124% | $1,164,793▲74.2% | $1,173,999▲74.2% | 990 |
| 2020 | $869,635 | $200,963 | $668,672 | $673,748 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
19 grants to Richmond Community-owned Development Enterprise totaling $2.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Common Counsel Foundation | General support and cocp participation | 2024 | $150,000 |
| Impactassets Inc | General support | 2024 | $150,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $200,000 |
| Impactassets Inc | General support | 2023 | $200,000 |
| San Francisco Foundation | For general support. | 2023 | $180,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $200,000 |
| Impactassets Inc | To support richmond land | 2022 | $150,000 |
| San Francisco Foundation | Program - for general support | 2022 | $110,000 |
| East Bay Community Foundation | General support | 2022 | $75,225 |
| San Francisco Foundation | Program - for general operating support of community-driven efforts in richmond and nearby communities in west contra costa county focused on land acquisition, resident education on permanently affordable housing, and policy advocacy for tenant ownership. program - for general operating support to work with the city of richmond in the joint pursuit of equitable affordable housing policy in the breakthrough grant program. program - this grant will support richmond land's work to incorporate community ownership strategies into housing elements and the public land disposition process. | 2021 | $290,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $200,000 |
| Impactassets Inc | General support | 2021 | $169,500 |
| East Bay Community Foundation | General support | 2021 | $40,000 |
| Rsf Social Finance Inc | For general operating support | 2021 | $6,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $200,000 |
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Data for Richmond Community-owned Development Enterprise (EIN 83-3335321) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.