To break the cycle of generational poverty by enhancing the lives of residents we serve.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$109K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.3M a year · 72% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $6.9M in investments, Pt X · Ln 11–13
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $183K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.0M
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-18% vs prior year
Spent
$1.0M
To programs
88%
Net assets
$7.4M
By yearFY2020–FY2024
Revenue
$2.7M
FY2023▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.6M
FY2022$3.4M
FY2023$2.7M
FY2024$7.3M
Expenses
$1.0M
FY2023▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$517K
FY2022$887K
FY2023$1.0M
FY2024$919K
Net assets
$7.4M
FY2023▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$2.8M
FY2022$5.7M
FY2023$7.4M
FY2024$13.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $913K Management & general 11% · $114K Fundraising 1% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director- Non - Voting
$108,989Pt VII · Sec A
SR. Vice President - Non - Voting
$0Pt VII · Sec A
VP of Transmission & Telecommunication Planning
$0Pt VII · Sec A
Senior Vice President
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Community Lending Advisor
$0Pt VII · Sec A
Board Fellow - Non - Voting
$0Pt VII · Sec A
Board Fellow - Non - Voting
$0Pt VII · Sec A

L Shon Burch’s $136K as Executive Director- Non - Voting is at the 39th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
L Shon Burch$136,191$108,989$105,991$100,259$97,339

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Resident Resources Network INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers low-income residents to break the cycle of generational poverty by providing supportive services and resources that enhance their daily lives.

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Provided by the organization

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3 programs · $913K · in their own filed words · FY2023
01

Providing resource service and assistance for the elderly, economically disadvantaged, handicapped and socially challenged in the areas of employment, education, safety and family and individual health.

$577Kprogram expense
02

To purchase, develop, lease, finance, own and sell real property or interests in real property in order to foster low income housing and other housing from the elderly, economically disadvantaged, handicapped or otherwise physically, mentally or socially challenged.

$321Kprogram expense
03

Other program

$15Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$183K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$398K
Investment incomeLn 3$139K
Money outPt IX
$1.0M
Ln 25
Programscol B$913K
Managementcol C$114K
Fundraisingcol D$6K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$367K
Total assetsLn 16$16.4M
LiabilitiesLn 26$9.0M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$398K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$139K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$367K
Cash and savings togetherLn 1–2$367K
InvestmentsLn 11–13$6.9M
Total assetsLn 16$16.4M
LiabilitiesLn 26$9.0M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 58
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$516K$367K
InvestmentsLn 11–13$5.1M$6.9M
Total assetsLn 16$14.1M$16.4M
LiabilitiesLn 26$8.5M$9.0M
Net assetsLn 32$5.7M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$106K$106K
Other salaries and wagesLn 7$248K$185K$60K$4K
Other employee benefitsLn 9$50K$41K$8K$500
Payroll taxesLn 10$68K$56K$12K$683
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$128K$117K$11K
Office expensesLn 13$32K$26K$5K$855
OccupancyLn 16$25K$25K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$138K$138K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$196K$196K
Total functional expensesLn 25$1.0M$913K$114K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.3M$919K$6.4M$13.8M 990 PDF
FY2023 Viewing $2.7M$1.0M$1.7M$7.4M 990 PDF
FY2022 $3.4M$887K$2.5M$5.7M 990 PDF
FY2021 $1.6M$517K$1.1M$2.8M 990 PDF
FY2020 $1.1M$1.1M−$82K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,748,660 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $394,086$398,359
I-9 Program service revenuePrior year $2,841,589$2,211,458
I-10 Investment incomePrior year $128,616$138,843
I-11 Other revenuePrior year $2,400$0
I-12 Total revenuePrior year $3,366,691$2,748,660
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $339,588$472,680
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $547,368$560,034
I-18 Total expensesPrior year $886,956$1,032,714
I-19 Revenue less expensesPrior year $2,479,735$1,715,946
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,748,660 across 6 lines filed
VIII-1a Federated campaigns$75,688
VIII-1f All other contributions, gifts and grants$322,671
VIII-1h Total contributions, gifts and grants$398,359
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,211,458$2,211,458
VIII-3 Investment incomeExcluded from tax $138,843$138,843
VIII-12 Total revenueRelated to mission $2,211,458 · Unrelated business $0 · Excluded from tax $138,843$2,748,660
Part IX · Statement of functional expenses $1,032,714 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $105,991$105,991
IX-7 Other salaries and wagesPrograms $184,601 · Management $60,245 · Fundraising $3,543$248,389
IX-9 Other employee benefitsPrograms $40,988 · Management $8,498 · Fundraising $500$49,986
IX-10 Payroll taxesPrograms $56,018 · Management $11,613 · Fundraising $683$68,314
IX-11b Legal feesPrograms $8,779$8,779
IX-11c Accounting feesManagement $13,750$13,750
IX-11g Other fees for servicesPrograms $9,143$9,143
IX-12 Advertising and promotionPrograms $116,671 · Management $11,391$128,062
IX-13 Office expensesPrograms $25,832 · Management $5,333 · Fundraising $855$32,020
IX-16 OccupancyPrograms $24,525$24,525
IX-17 TravelPrograms $2,692$2,692
IX-19 Conferences, conventions and meetingsManagement $3,430$3,430
IX-20 InterestPrograms $138,226$138,226
IX-23 InsurancePrograms $3,411$3,411
IX-24 Other expenses (24a–d)Programs $195,996$195,996
IX-25 Total functional expensesPrograms $912,873 · Management $114,260 · Fundraising $5,581$1,032,714
Part X · Balance sheet $16,367,686 assets, 9 lines filed
Asset lines not itemized here account for $448,679; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $516,391$367,293
X-4 Accounts receivableStart of year $8,219,760$8,658,506
X-13 Program-related investmentsStart of year $5,081,250$6,893,208
X-16 Total assetsStart of year $14,127,854$16,367,686
X-17 Accounts payable and accrued expensesStart of year $8,143,558$8,529,217
X-26 Total liabilitiesStart of year $8,454,011$8,977,896
X-27 Net assets without donor restrictionsStart of year $5,673,843$7,389,790
X-32 Total net assets or fund balancesStart of year $5,673,843$7,389,790
X-33 Total liabilities and net assetsStart of year $14,127,854$16,367,686
Part XI · Reconciliation of net assets $7,389,790 net assets at year end
XI-1 Total revenue$2,748,660
XI-2 Total expenses$1,032,714
XI-3 Revenue less expenses$1,715,946
XI-4 Net assets at start of year$5,673,843
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,389,790

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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