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Ridgecrest at Richfield

Salem, Virginia · EIN 26-0821403 · Housing & Shelter · tax-exempt since 2008

B

Charity Clarity grade B (score 77.0 of 100), based on the Form 990 for the year ended September 2024.

Graded against 30,563 housing & shelter nonprofits with revenue $500K–$2M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.1.1 months38
GovernanceBoard independence, key policies and audit, per the 990.91% of practices91
Margin stabilityHow steady the surplus or deficit is year to year.80
Revenue spreadHow much revenue rests on one type of income.0% from one source100
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.95.0%not scored
Management costsShare of spending.5.0%not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

201620172018201920202021202220232024grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Sep 2024Form 990$1.25M$1.13M$127K$106K1.19B
Sep 2023Form 990$1.24M$1.08M$156K−$21K-0.25C
Sep 2022Form 990$1.25M$1.15M$99K−$178K-1.89C
Sep 2021Form 990$1.10M$1.06M$43K−$276K-3.19C
Sep 2020Form 990$1.09M$1.09M−$3,292−$319K-3.510C
Sep 2019Form 990$1.08M$1.13M−$52K−$316K-3.310C
Sep 2018Form 990$1.06M$1.09M−$37K−$264K-2.910C
Sep 2017Form 990$1.06M$1.12M−$58K−$227K-2.410C
Sep 2016Form 990$1.02M$1.06M−$37K−$169K-1.910C

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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