Nonprofit · EIN 52-1226795
RICHMOND DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $82,335 | $816,480 | -$734,145 | $14,721,498 | $12,136,591 | $2,584,907 |
| June 30, 2024 | 990 | $72,063 | $839,494 | -$767,431 | $17,206,944 | $13,294,987 | $3,911,957 |
| June 30, 2023 | 990 | $6,391,268 | $2,313,063 | $4,078,205 | $10,017,865 | $5,338,477 | $4,679,388 |
| June 30, 2022 | 990 (amended) | $1,093 | $7,173 | -$6,080 | $5,315,138 | $4,713,955 | $601,183 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $70,812
- Other revenue
- $11,523
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $93,211
- Accounting fees
- $6,402
- Occupancy
- $556,856
- Travel
- $396
- Program services (functional)
- $111,646
- Management and general (functional)
- $704,834
Balance sheet and other
- Total assets, start of year
- $17,206,944
- Total assets, end of year
- $14,721,498
- Total liabilities, end of year
- $12,136,591
- Net assets, end of year
- $2,584,907
- Land, buildings and equipment
- $5,443,050
- Net assets without donor restrictions
- $2,584,907
- Gross receipts
- $82,335
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1981
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN NESMITH | CEO Trustee or director, Officer | 2 | $0 | $310,642 | $17,705 |
| PRECIOUS FAUST END 102025 | TREASURER Trustee or director, Officer | 2 | $0 | $153,123 | $10,267 |
| KIMBERLEY COLE | MEMBER Trustee or director | 2 | $0 | $80,939 | $4,124 |
| DOUGLAS MULKEY | MEMBER Trustee or director | 2 | $0 | $67,065 | $4,294 |
| SHERRILL HAMPTON | MEMBER Trustee or director | 2 | $0 | $64,674 | $4,386 |
| MICHAEL KELLY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DARRELL DAVIS END 052025 | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ALICIA GARCIA END 052025 | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN NESMITH | PRESIDENT Trustee or director, Officer | 2 | $0 | $272,149 | $31,185 |
| DARRELL DAVIS | MEMBER Trustee or director | 2 | $0 | $167,785 | $12,416 |
| KENYATTA GREEN | MEMBER (END 5/2024) Trustee or director | 2 | $0 | $153,618 | $8,615 |
| ALICIA GARCIA | MEMBER Trustee or director | 2 | $0 | $107,199 | $6,706 |
| PRECIOUS FAUST | TREASURER Trustee or director, Officer | 2 | $0 | $34,978 | $13,465 |
| MICHAEL KELLY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SHEILA HILL-CHRISTIAN | MEMBER (END 11/2023) Trustee or director | 2 | $0 | $0 | $0 |
| TIANNA WOOLRIDGE | MEMBER (END 9/2024) Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHEILA HILL-CHRISTIAN | MEMBER, INTERIM CEO (BEG APRIL 2022) Trustee or director, Officer | 2 | $0 | $258,105 | $0 |
| KENYATTA GREEN | SECRETARY Officer | 2 | $0 | $123,605 | $35,488 |
| DESI WYNTER | PRESIDENT Officer | 2 | $0 | $108,278 | $35,663 |
| STACEY DANIELS-FAYSON | INTERIM CEO (END APRIL 2022) Officer | 2 | $0 | $103,219 | $0 |
| ALICIA GARCIA | MEMBER Trustee or director, Officer | 2 | $0 | $84,201 | $13,790 |
| SHANNON STERLING | TREASURER Officer | 2 | $0 | $45,498 | $6,005 |
| TIANNA WOOLDRIGE | TREASURER Officer | 2 | $0 | $28,792 | $3,350 |
990 for the year ended June 30, 2022: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STACEY L DANIELS-FAYSON | INTERIM CEO Highest-paid employee | 2 | $0 | $193,819 | $29,866 |
| KENYATTA GREEN | SECRETARY Officer | 2 | $0 | $108,906 | $31,777 |
| DESI WYNTER | PRESIDENT Officer | 2 | $0 | $102,822 | $32,017 |
| TIANNA WOOLDRIDGE | TREASURER Officer | 2 | $0 | $72,870 | $28,906 |
Address and contacts
- Address (IRS master file)
- 600 E BROAD STREET, RICHMOND, VA 23219-1832
- In care of
- % C/O RICHMOND REDEVELOPMENT & HOUS
- Mailing address (990-N for 2021)
- 901 Chamberlayne Pkwy, Richmond VA 23220
- Principal officer (990 for 2024)
- STEVEN NESMITH, 600 E BROAD STREET, RICHMOND, VA 23219
- Signed the 990
- DAVID REKAS, CFO
- Phone
- (804) 780-5210
- Return prepared by
- RUBINO AND COMPANY CHARTERED
Mission
THE RICHMOND REDEVELOPMENT AND HOUSING AUTHORITY (RRHA) HELPS INDIVIDUALS AND FAMILIES TRANSFORM THEIR LIVES BY PROVIDING QUALITY HOUSING AND OPPORTUNITIES TO DEVELOP SELF-SUFFICIENCY. THIS COMMITMENT TO RICHMOND'S LOW INCOME, SENIOR, AND DISABLED RESIDENTS ENCOMPASSES COMMUNITY REVITALIZATION AND DEVELOPMENT THAT ULTIMATELY BENEFITS ALL RESIDENTS OF THE CITY.
Program accomplishments
- REVITALIZE COMMUNITIES AND GENERATE REVENUESExpenses $111,646
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1226795
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $14,721,498
- Income (IRS master file)
- $82,335
Revocation and reinstatement
- Exemption revoked
- November 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective November 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $82,335 | $816,480 | $14,721,498 | IRS |
| 990 | June 2024 | $72,063 | $839,494 | $17,206,944 | IRS |
| 990 | June 2023 | $6,391,268 | $2,313,063 | $10,017,865 | XML |
| 990-N for 2021 | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | June 2022 | $1,093 | $7,173 | $5,315,138 | XML |
| 990-N for 2008 Officer: Anthony Scott | June 30, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1226795).
Questions about RICHMOND DEVELOPMENT CORPORATION
- What is the EIN of RICHMOND DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of RICHMOND DEVELOPMENT CORPORATION is 52-1226795.
- Is RICHMOND DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2012 and reinstated it effective November 15, 2012.
- Are donations to RICHMOND DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RICHMOND DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RICHMOND DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RICHMOND DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RICHMOND DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names STEVEN NESMITH.
- Who are the officers and directors of RICHMOND DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does RICHMOND DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $82,335, expenses of $816,480 and total assets of $14,721,498 at year end.
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