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Richmond Neighborhood Stabilization Corporation

EIN 80-0478255 · Richmond, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceFair62 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE SPECIFIC CHARITABLE AND PUBLIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE BENEFIT AND SUPPORT CITY OF RICHMOND, MUNICIPAL CORPORATION AND CHARTER CITY (THE "CITY"), AND THE RICHMOND SUCCESSOR HOUSING FORMERLY PART OF RICHMOND COMMUNITY REDEVELOPMENT AGENCY, A PUBLIC BODY, CORPORATE AND POLITIC (THE "AGENCY") IN ACCORDANCE WITH SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND TO LESSEN THE BURDENS OF THE GOVERNMENT OF THE CITY OF RICHMOND AND THE AGENCY BY: (1) ADMINISTERING AND OPERATING THE CITY'S NEIGHBORHOOD STABILIZATION PROGRAM ("NSP"); (2) PURCHASING, DEVELOPING, FINANCING, REHABILITATING, LAND BANKING, AND/OR DEMOLISHING BLIGHTED PROPERTIES, AND FORECLOSED OR ABANDONED PROPERTIES UTILIZING THE CITY'S NSP FUNDS OR OTHER PUBLIC AND PRIVATE FUNDING SOURCES; (3) ASSISTING THE CITY AND THE SUCCESSOR HOUSING IN PROVIDING AFFORDABLE HOME OWNERSHIP OPPORTUNITIES FOR HOUSEHOLDS OF LOW AND MODERATE INCOME BY FACILITATING THE FINANCING NECESSARY FOR THE

Income
$0
Spending
$16,782
Spent on programs
100%
Reserves
28.6 months of spending
Employees
0
Volunteers
5

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 62 out of 100. Higher than 40% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $16,782 spent. THE RICHMOND NEIGHBORHOOD STABILIZATION CORPORATION (RNSC) OPERATES A REHABILITATION LOAN PROGRAM FINANCED BY DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GRANTS THAT HAVE PASSED THROUGH THE CITY UNDER ITS NEIGHBORHOOD STABILIZATION PROGRAM (NSP). THE PROGRAM PROVIDES AFFORDABLE HOME OWNERSHIP OPPORTUNITIES FOR HOUSEHOLDS OF LOW AND MODERATE INCOME BY FACILITATING THE DEVELOPMENT FINANCING NECESSARY FOR THE PURCHASE, REHABILITATION, AND RESALE OF DEED-RESTRICTED AFFORDABLE OWNERSHIP UNITS.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2012 for not filing returns for three years. The IRS now lists it as tax-exempt again.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.