Re-establish Richmond Inc

What it reported doing in 2024

Client engagement: newcomer navigation provides personalized support to newcomers as they work toward meeting their immediate needs. Our team connects with each client to identify their goals, share resources, and create a plan of action, which may include being matched with a volunteer. Newcomer education provides in-person group services that develop skills, offer education, and build a sense of community. Our team works to remove barriers to access often experienced by clients, including transportation, language access, and childcare. Outreach: volunteer engagement equips and supports richmonders to be matched directly with newcomers, providing invaluable opportunities for both parties. These connections foster mutual respect and appreciation while helping our clients to navigate unfamiliar systems more easily. Newcomer networking celebrates and strengthens newcomer communities. From co-hosting the citys annual multicultural festival to collaborating with local ethnic based community organizations, we are committed to connecting people across diverse backgrounds and highlighting the richness of belonging in the richmond area. Community education empowers area residents to better understand and welcome newcomers by sharing insights on the resettlement experience, building capacity within community groups, and offering professional development opportunities like our annual refugee and immigrant volunteer summit (raivs). Fundraising: through campaigns, events, sponsorships, and individual donor stewardship, rer gains the resources they need to meet the mission. Administration: this includes the tools, technology, insurance and subscriptions we need to do the work. Items in this class are things that are not specific to one program but necessary to do business.

Financial Efficiency

• Mission deployment rate: 68.3%; rating input score 68
• Program expense ratio: 69.4%; rating input score 69
• Fundraising efficiency: $6.42 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 1.9%; rating input score 42; 42nd percentile among comparable filings
• Total-asset coverage ratio: 0.83; rating input score 37; 37th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 71; 71st percentile among comparable filings
• Officer compensation ratio: 8.5%; rating input score 42; 42nd percentile among comparable filings

Growth

• Program expense growth: 26.8% per year; rating input score 100; 88th percentile among comparable filings
• Revenue growth: 22.3% per year; rating input score 100; 87th percentile among comparable filings
• Asset growth: 23.9% per year; rating input score 100; 86th percentile among comparable filings