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Nonprofit · EIN 54-1860225

RICHMOND AFFORDABLE HOUSING

Tax-exempt · RICHMOND, VA 23227

Financials

$2.9M$2.4M2023$2.2M$3.7M2024
Revenue Expenses · by fiscal year end
Financials of RICHMOND AFFORDABLE HOUSING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,174,364$3,678,130-$1,503,766$23,701,947$17,033,821$6,668,126
December 31, 2023990$2,883,336$2,400,146$483,190$22,498,413$14,326,521$8,171,892
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$296,544
Program service revenue
$1,756,719
Investment income
$121,101
Net gain from sales of assets
-$219,292
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$695,997
Salaries, compensation and benefits (total)
$807,577
Professional fundraising fees
$0
Legal fees
$16,857
Accounting fees
$32,300
Travel
$12,485
Depreciation
$93,082
Program services (functional)
$3,678,130

Balance sheet and other

Total assets, start of year
$22,498,413
Total assets, end of year
$23,701,947
Total liabilities, end of year
$17,033,821
Net assets, end of year
$6,668,126
Land, buildings and equipment
$4,671,822
Net assets without donor restrictions
$6,668,126
Gross receipts
$3,969,730
Employees
0
Volunteers
0
Year formed
1997
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
GRETA HARRISPRESIDENT & CEO
Officer
0$0$355,493$61,369
JULIE HOVERMALEVICE PRESIDENT & CFO
Officer
0$0$211,748$15,864
ALANA GONZALEZCHIEF OPERATING OFFICER
Key employee
0$0$217,832$3,317
LEE ALFORDDIR. OF MULTI-FAMILY DEVELOP.
Key employee
0$0$132,613$25,780
MATT SCAPARROVP OF PROPERTY MANAGEMENT
Key employee
0$0$132,547$23,484
STACIE BIRCHETTVP OF RESOURCE DEVELOPMENT
Key employee
0$0$127,519$9,946
TODD WALDOCHAIR & DIRECTOR
Trustee or director, Officer
0$0$0$0
RICHARD DICKENSONSECRETARY/TREASURER
Trustee or director, Officer
0$0$0$0
TREVOR BUCKLEYDIRECTOR
Trustee or director
0$0$0$0
FREDA GREEN BOLLINGDIRECTOR
Trustee or director
0$0$0$0
W MARTIN WILLIAMSDIRECTOR
Trustee or director
0$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GRETA HARRISPRESIDENT & CEO
Officer
0$0$339,050$35,202
JULIE HOVERMALEVICE PRESIDENT & CFO
Officer
0$0$199,285$18,420
MATT SCAPARROVP OF PROPERTY MANAGEMENT
Key employee
0$0$137,539$21,313
LEE ALFORDDIR. OF MULTI-FAMILY DEVELOP.
Key employee
0$0$98,911$22,358
STACIE BIRCHETTVP OF RESOURCE DEVELOPMENT
Key employee, Highest-paid employee
0$0$112,144$6,394
TODD WALDOCHAIR & DIRECTOR
Trustee or director, Officer
0$0$0$0
RICHARD DICKENSONSECRETARY/TREASURER
Trustee or director, Officer
0$0$0$0
TREVOR BUCKLEYDIRECTOR
Trustee or director
0$0$0$0
FREDA GREEN BOLLINGDIRECTOR
Trustee or director
0$0$0$0
W MARTIN WILLIAMSDIRECTOR
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
2108 W LABURNUM AVE, RICHMOND, VA 23227-4300
In care of
% THE ORGANIZATION
Principal officer (990 for 2024)
JULIE HOVERMALE, 2108 W LABURNUM AVE, Richmond, VA 23227
Signed the 990
JULIE HOVERMALE, Vice President/CFO
Phone
(804) 644-0546
Return prepared by
DOOLEY & VICARS CERTIFIED PUBLIC

Mission

TO PROVIDE AFFORDABLE HOUSING

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION PROVIDED HOUSING TO LOW-INCOME HOMEOWNERS.
    Expenses $3,678,130 · revenue $1,756,719

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-1860225
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
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,701,947
Income (IRS master file)
$3,969,730

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,174,364$3,678,130$23,701,947XML
990December 2023$2,883,336$2,400,146$22,498,413XML
990December 2022$784,750$1,206,885$17,217,718IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

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 54-1860225).

Questions about RICHMOND AFFORDABLE HOUSING

What is the EIN of RICHMOND AFFORDABLE HOUSING?
The employer identification number (EIN) of RICHMOND AFFORDABLE HOUSING is 54-1860225.
Is RICHMOND AFFORDABLE HOUSING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to RICHMOND AFFORDABLE HOUSING tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RICHMOND AFFORDABLE HOUSING 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 AFFORDABLE HOUSING due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RICHMOND AFFORDABLE HOUSING last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RICHMOND AFFORDABLE HOUSING?
The 990 for the year ended December 31, 2024 names JULIE HOVERMALE.
Who are the officers and directors of RICHMOND AFFORDABLE HOUSING?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does RICHMOND AFFORDABLE HOUSING have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,174,364, expenses of $3,678,130 and total assets of $23,701,947 at year end.

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