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Richmond Development Corporation

  • Richmond, VA
  • Tax-exempt since Feb. 2017
  • EIN: 52-1226795

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Development, Construction, Management (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$72.1k (2024)

Expenses
$839k (2024)

Total Assets
$17.2M (2024)

Total Liabilities
$13.3M (2024)

Years with missing data
Source: Form 990 tax filings from 2010 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$72,063
Expenses
$839,494
Net Income
-$767,431
Net Assets
$3,911,957
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $72,063
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,206,944
Total Liabilities $13,294,987
Net Assets $3,911,957
Compensation
Key Employees and Officers Compensation Related Other
Steven Nesmith (President) $0 $272,149 $31,185
Michael Kelly (Secretary) $0 $0 $0
Precious Faust (Treasurer) $0 $34,978 $13,465
Darrell Davis (Member) $0 $167,785 $12,416
Alicia Garcia (Member) $0 $107,199 $6,706
Kenyatta Green (Member (End 5/2024)) $0 $153,618 $8,615
Sheila Hill Christian (Member (End 11/2023)) $0 $0 $0
Tianna Woolridge (Member (End 9/2024)) $0 $0 $0
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Document Links

990
Filed on May 15, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,391,268
Expenses
$2,313,063
Net Income
$4,078,205
Net Assets
$4,679,388
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,347,469
99.3%
Program Services $0
Investment Income $43,799
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,017,865
Total Liabilities $5,338,477
Net Assets $4,679,388
Compensation
Key Employees and Officers Compensation Related Other
Desi Wynter (President) $0 $108,278 $35,663
Stacey Daniels Fayson (Interim Ceo (End April 2022)) $0 $103,219 $0
Kenyatta Green (Secretary) $0 $123,605 $35,488
Shannon Sterling (Treasurer) $0 $45,498 $6,005
Tianna Wooldrige (Treasurer) $0 $28,792 $3,350
Sheila Hill Christian (Member, Interim Ceo (Beg April 2022)) $0 $258,105 $0
Alicia Garcia (Member) $0 $84,201 $13,790
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Document Links

990
Filed on May 7, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,093
Expenses
$7,173
Net Income
-$6,080
Net Assets
$601,183
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,093
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,315,138
Total Liabilities $4,713,955
Net Assets $601,183
Compensation
Key Employees and Officers Compensation Related Other
Desi Wynter (President) $0 $102,822 $32,017
Tianna Wooldridge (Treasurer) $0 $72,870 $28,906
Kenyatta Green (Secretary) $0 $108,906 $31,777
Stacey L Daniels Fayson (Interim Ceo) $0 $193,819 $29,866
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Document Links

990
Filed on May 7, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,059
Expenses
$8,351
Net Income
-$5,292
Net Assets
$612,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,059
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,489,150
Total Liabilities $3,876,453
Net Assets $612,697

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$760,369
Expenses
$762,954
Net Income
-$2,585
Net Assets
$617,990
Notable Sources of Revenue Percent of Total Revenue
Contributions $756,813
99.5%
Program Services $0
Investment Income $3,556
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $623,004
Total Liabilities $5,014
Net Assets $617,990

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,626
Expenses
$5,058
Net Income
-$3,432
Net Assets
$620,574
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
61.5%
Program Services $0
Investment Income $626
38.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $621,044
Total Liabilities $470
Net Assets $620,574

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$726,000
Expenses
$447,882
Net Income
$278,118
Net Assets
$624,006
Notable Sources of Revenue Percent of Total Revenue
Contributions $726,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $624,802
Total Liabilities $796
Net Assets $624,006

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$45,215
Expenses
$6,900
Net Income
$38,315
Net Assets
$345,888
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,215
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $441,894
Total Liabilities $96,006
Net Assets $345,888

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$749,647
Expenses
$13,315
Net Income
$736,332
Net Assets
$308,714
Notable Sources of Revenue Percent of Total Revenue
Contributions $749,647
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $441,894
Total Liabilities $133,180
Net Assets $308,714

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$157,706
Net Income
-$157,706
Net Assets
-$427,765
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $461,386
Total Liabilities $889,151
Net Assets -$427,765

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$30,723
Expenses
$17,856
Net Income
$12,867
Net Assets
-$249,593
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,660
64.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,063
36.0%
Assets/Debt
Total Assets $623,241
Total Liabilities $872,834
Net Assets -$249,593

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$53,802
Expenses
$86,644
Net Income
-$32,842
Net Assets
-$262,460
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,525
2.8%
Program Services $52,246
97.1%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $31
0.1%
Assets/Debt
Total Assets $652,987
Total Liabilities $915,447
Net Assets -$262,460

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$29,898
Expenses
$116,100
Net Income
-$86,202
Net Assets
-$229,618
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,250
47.7%
Program Services $15,623
52.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25
0.1%
Assets/Debt
Total Assets $638,805
Total Liabilities $868,423
Net Assets -$229,618

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2010

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$10,981
Expenses
$28,565
Net Income
-$17,584
Net Assets
-$33,373
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,981
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $49,882
Total Liabilities $83,255
Net Assets -$33,373

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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