Civic Intelligence

Diversity Richmond Inc

990 • Fiscal year 2019 • EIN 31-1669279

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 18, 2020

Refreshing map…

1407 Sherwood AvenueRichmond, VA 23220

(804) 622-4646

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.32x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.63x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

63rd percentile

$88,292

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

63rd percentile

8.2%

Faster asset growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,616,148

Up $198,465 (+8.2%) from 2018

Net Assets

Up

$1,774,091

Up $239,051 (+16%) from 2018

Liabilities

Down

$842,057

Down $40,586 (-4.6%) from 2018

Revenue

Up

$1,332,692

Up $239,547 (+22%) from 2018

Expenses

Up

$1,093,641

Up $148,687 (+16%) from 2018

Net Income

Up

$239,051

Up $90,860 (+61%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,392,945Liabilities 2010: $1,458,504Net Assets 2010: $934,4412010Assets 2011: $2,259,570Liabilities 2011: $1,299,761Net Assets 2011: $959,8092011Assets 2013: $2,401,223Liabilities 2013: $1,358,095Net Assets 2013: $1,043,1282013Assets 2015: $2,331,087Liabilities 2015: $1,111,603Net Assets 2015: $1,219,4842015Assets 2017: $2,365,013Liabilities 2017: $978,164Net Assets 2017: $1,386,8492017Assets 2018: $2,417,683Liabilities 2018: $882,643Net Assets 2018: $1,535,0402018Assets 2019: $2,616,148Liabilities 2019: $842,057Net Assets 2019: $1,774,0912019Assets 2020: $2,641,375Liabilities 2020: $805,339Net Assets 2020: $1,836,0362020Assets 2021: $3,362,662Liabilities 2021: $791,941Net Assets 2021: $2,570,7212021Assets 2022: $3,131,590Liabilities 2022: $596,331Net Assets 2022: $2,535,2592022Assets 2024: $2,697,414Liabilities 2024: $409,350Net Assets 2024: $2,288,0642024

Highlighted filing

2019

Assets$2,616,148
Liabilities$842,057
Net Assets$1,774,091

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $912,5272010Expenses 2011: $938,5042011Revenue 2013: $1,062,091Expenses 2013: $975,880Net Income 2013: $86,2112013Revenue 2015: $993,881Expenses 2015: $960,120Net Income 2015: $33,7612015Revenue 2017: $1,035,374Expenses 2017: $922,471Net Income 2017: $112,9032017Revenue 2018: $1,093,145Expenses 2018: $944,954Net Income 2018: $148,1912018Revenue 2019: $1,332,692Expenses 2019: $1,093,641Net Income 2019: $239,0512019Revenue 2020: $1,206,982Expenses 2020: $1,145,037Net Income 2020: $61,9452020Revenue 2021: $1,987,797Expenses 2021: $1,483,189Net Income 2021: $504,6082021Revenue 2022: $1,842,200Expenses 2022: $1,862,252Net Income 2022: -$20,0522022Revenue 2024: $2,152,713Expenses 2024: $2,233,592Net Income 2024: -$80,8792024

Highlighted filing

2019

Revenue$1,332,692
Expenses$1,093,641
Net Income$239,051
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 18, 2020
Return Version
2019v5.0
Gross Receipts
$1,481,128
Mission and Program Overview

Mission

Diversity richmond is the hub of the lgbtq+ community of greater richmond connecting people, partners and programs in our work as a catalyst, a voice, a place and a resource. We envision a welcoming, inclusive and safe region for lgbtq+ people, families, and allies to live, work, play, and visit. Our work is guided by the values of accountability, belonging, community, future generations and making a difference. In 2025 over 35,000 people attended events produced or promoted by diversity richmond. Specifically, the organization provides: 1. Meeting space to four (4) twelve-step recovery programs (e.g., alcoholics anonymous) and three (3) support groups in addition to other local non- profit organizations. Diversity richmond occupies a 47,000 square foot facility in richmond, virginia that provides flexible meeting and programming space for lgbtq+ people, for the groups that provide services to them, and for people and groups in central virginia that support the organization's mission.

To the lesbian, gay, bisexual, transgender, questioning (lgbtq+) community, their families, friends and allies, diversity richmond is a catalyst, a voice, a place and a resource that enriches and champions our diverse community, because we aspire for a vibrant, inclusive richmond where inequality does not exist. "championing a dynamic community that celebrates all of us." "it is the responsibility of the minority to bring injustices to the" attention of the majority."

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,675,787$1,677,013▲ $1,226
Cash and Non-Interest-Bearing Accounts$352,626$532,921▲ $180,295
Investments Other Securities$250,209$256,595▲ $6,386
Inventories for Sale or Use$69,353$82,072▲ $12,719
Savings and Temporary Cash Investments$51,154$51,853▲ $699
Accounts Receivable$3,648$3,550▼ $98
Total Assets$2,417,683$2,616,148▲ $198,465
Other Assets Total$14,906$12,144▼ $2,762
Liabilities
Mortgage Notes Payable Secured by Investment Property$833,880$799,337▼ $34,543
Accounts Payable and Accrued Expenses$35,276$30,841▼ $4,435
Other Liabilities$13,487$11,879▼ $1,608
Total Liabilities$882,643$842,057▼ $40,586
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,508,723$1,720,528▲ $211,805
Net Assets With Donor Restrictions$26,317$53,563▲ $27,246
Total Net Assets Fund Balance$1,535,040$1,774,091▲ $239,051
Total Liabilities and Net Assets / Fund Balance$2,417,683$2,616,148▲ $198,465

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,315,733$610,938$1,926,671
Equipment$110,278$160,326$270,604
Land$251,000-$251,000
Other Securities$256,595--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
William a HarrisonPresidentFT$88,292$88,292
Dia IdlemanChief AccounFT$73,106$73,106

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,294,890
Program Service Revenue
$239
Investment Income
$12,490
Other Revenue
$25,073
All Other Contributions
$1,292,644
Change in Net Assets
$239,051

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,332,692
Revenue Not Reported on Form 990
$143,260
Total Revenue per Audited Statements
$1,475,952
Total Revenue per Form 990
$1,332,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$671,334
Other Expenses$350,314
Grants and Similar Amounts Paid$71,993
Total Fundraising Expense$30,787
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$356,195$34,471$11,539$402,205
Current Officers, Directors, Trustees, and Key Employees$142,837$13,719$4,842$161,398
Interest$66,323$3,528$705$70,556
Other Employee Benefits$57,653$5,624$1,906$65,183
Grants to Domestic Orgs$54,692--$54,692
Depreciation Depletion$38,439$3,842$768$43,049
Payroll Taxes$37,633$3,671$1,244$42,548
Office Expenses$12,314$11,844$4,117$28,275
Other Expenses$24,196$9,701$950$25,146
Grants to Domestic Individuals$17,301--$17,301
Insurance$14,173$1,370$466$16,009
Fees for Services Accounting$13,425$1,297$441$15,163
Fees for Services Other$8,465$819$278$9,562
Advertising$7,301$497-$7,798
Conferences and Meetings$4,776$1,457$298$6,531
Fees for Services Legal$150--$150
All Other Expenses$-64,655$2,731$455$-61,469
Total Functional Expenses$960,524$102,330$30,787$1,093,641

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,236,901
Expenses per Audited Statements$1,093,641
Total Expenses per Form 990$1,093,641
Expenses Not Reported on Form 990$143,260
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nationz FoundationHenrico, VA501c3Program$20,000
US Giving Richmond ConnectionsRichmond, VA501c3Program$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$10,901
Gaming Direct Expenses$5,176
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held$11,879
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization's form 990 was distributed to the members of the board of directors by electronic mail at least two weeks prior to the date of filing.

Form 990, Page 6, Part VI, Line 12C

Each member of the board signs the organization's conflict of interest policy and makes an annual declaration of any conflicts. The policy is enforced by the board.

Form 990, Page 6, Part VI, Line 15A

The compensation for the president is established by the board based on a perfomance review and a review of compensation for similar positions in the area. Periodically, the board consults published sources of information and consults with persons holding relevant professional expertise.

Form 990, Page 6, Part VI, Line 19

Information is available upon request.

Form 990, Part VII

The organization is the grateful recipient of financial contributions from 100% of its board of directors and executive management.

Filing and Contact Details

Filer

Filer Name
Diversity Richmond Inc
EIN
31-1669279
Phone
8046224646
Address
1407 SHERWOOD AVENUE, RICHMOND, VA 23220

Signing Officer

Name
William a Harrison
Title
President
Phone
8046224646
Signed
2020-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William a Harrison
Formed
1999
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
45
Volunteers
150

Preparer

Firm
Steve Walls & Assoc Pllc
Address
11541 NUCKOLS RD STE A, GLEN ALLEN, VA 23059
Preparer
Steven P Walls
Phone
8042700784
Supplemental Narrative

Additional Explanations

Form 990

1. The organization operates as "diversity richmond". 2. The organization operates a thrift store branded as "diversity thrift". 3. Through july 2018, the organization operated bingo games for the general public branded as "diversity bingo". Since july 2018, the organization operates isolated bingo games solely for fundraising purposes. A list of 2019 events follows (if not indicated, event was held at diversity richmond): dec 5 transgender holiday dinner nov 28 thanksgiving holiday dinner (in conjuncion with black pride rva) nov 24 diversity thrift holiday boutique 2019 nov 15, 2019 - nov 24, 2019 nov 21 diversity celebrates 20 years nov 11 our stories, our truth: an lgbtq veterans day celebration nov 7 where the boys are - book signing event oct 25 scary-oke 2019 oct 12 radiance gallery show iridian gallery at diversity richmond oct 5 viva rva hispanic music festival sep 24 secretly y'all presents: prlde & prejudlce sep 13 vernon payne/mary vivo iridian gallery at diversity richmond aug 29 drag bingo supporting diversity richmond aug 28 learn about becoming a foster parent-richmond jul 28 men's sunday social hour may 12, 2019 - jul 28, 2019 jul 26 all americans block party jul 18 pansy ass sissy shop and embroidery iridian gallery at diversity richmond jul 17 foster care info meeting jun 13, 2019 - jul 17, 2019 jun 29 carytown pride parade & rally in the alley alternatives boutique, richmond va jun 27 national hiv testing day richmond city health district, richmond va jun 3 rafiki; mongays for marathon mondays (sponsored) the byrd theatre & foundation, richmond va may 10 molly evans | look and feel iridian gallery at diversity richmond mar 28 drag bingo mar 23 community conversation: structural racism & racial bias mar 9 invasive queer kudzu: richmond queer quilting bee iridian gallery at diversity richmond va mar 8 sowing seeds curated by katie shaw at iridian gallery iridian gallery at diversity richmond feb 16 community conversation & book signing with james earl hardy feb 15 black & bold awards virginia union university, claude g. Perkins living and learning center, richmond va jan 11 avery schaffer exhibit iridian gallery at diversity richmond free concert series at forest hill presbyterian church december 1, november 2, october 27 and september 22 other free concerts - approximately 40 other concerts at schools, senior centers and other community locations ------------------------------------------------------------------------ other information ------------------------------------------------------------------------- in 2019, the organization's thrift store was named one of the best thrift stores in style magazine's best of richmond annual survey. In 2019, the organization's executive director, bill harrison, was named by equality virginia as an "outstanding virginian". Better business bureau accredidation ------------------------------------------------------------------------ the organization is an accredited charity by the better business bureau which requires meeting the better business bureau's twenty (20) standards for charity accountability in categories such as governance, measuring effectiveness, finances, and fundraising/information. The organization's accreditation expires in december 2020. Community relations ------------------------------------------------------------------------ for the last three years, diversity richmond has coordinated a series of events recognizing the leadership and contributions of african american lgbtq+ people and their allies. The series includes community conversations addressing issues of transgender women of color, spirituality and african american lgbtq+ people, black queer politics and the annual recognition of national hiv/aids awareness. ------------------------------------------------------------------------- mission accomplishments ------------------------------------------------------------------------- diversity richmond's primary missions is "awareness". In connectio

Form 990, Page 1, Part I, Line 6

The organization is the grateful recipient of volunteer services in its: a. Thrift store operations, b. Board roles and committee leadership, and c. Program service.

Form 990, Page 2, Part III, Line 4B

Diversity richmond occupies a 47,000 square foot facility in richmond, virginia that provides flexible meeting and programming space for lgbtq+ people, for the groups that provide services to them, and for people and groups in central virginia that support the organization's mission. Diversity richmond also provides support to the community through the operation of its website, social media and networking services that tie together the efforts of groups serving lgbtq+ people. Diversity richmond also hosts a growing schedule of programming events produced in- house, including musical performances, discussion groups and gallery shows. In 2019 over 8,700 people attended events produced or promoted by diversity richmond. Specifically, the organization provides meeting space to four (4) twelve-step recovery programs (e.g., alcoholics anonymous) in addition to local non-profit organizations. Specific programs in 2019 by diversity richmond are described below: 1. The iridian gallery at diversity richmond is one of the few art galleries in the nation solely dedicated to promoting lgbtq+ artists. The gallery committee is comprised of local artists who hosted five (5) exhibits during 2019 and have scheduled several exhibits during 2020. 2. Diversity richmond also has relationships with several local schools that aid students who are on public assistance enabling them to shop free for clothing at the organization's retail store. The organization also supplies clothing vouchers for clients of side by side (formerly "rosmy" the richmond organization for sexual minority youth), health brigade (formerly the fan free clinic) and several other lgbtq+ non-profits for their clients in need. Approximately 200 students were served in 2019. 3. During the holiday season 2019, diversity richmond hosted a family- style dinner for members of the local transgender community. Many lgbtq+ people are disconnected from their families and the holiday season is especially difficult within the transgender community. The dinner was well attended and is held annually. 4. Promoted the next generation gap program for lgbtq+ youth who have aged out of side by side (formerly rosmy). 5. Hosted a family-style thanksgiving dinner in partnership with black pride rva.

Form 990, Part X

The organization's temporary cash investements and certificates of deposit (totaling 310,998) are board designated to fund future building renovations and operating contingencies.

Form 990, Part XI, Line 9

Rental expenses reported net 143,260 rental expenses reported net -143,260

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Rental expenses reported net 143,260

Schedule D, Page 4, Part XII, Line 2D

Rental expenses reported net 143,260

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IRS990/ProgSrvcAccomActy2Grp/Desc0DIVERSITY RICHMOND OCCUPIES A 47,000 SQUARE FOOT FACILITY IN RICHMOND, VIRGINIA THAT PROVIDES FLEXIBLE MEETING AND PROGRAMMING SPACE FOR LGBTQ+ PEOPLE, FOR THE GROUPS THAT PROVIDE SERVICES TO THEM, AND FOR PEOPLE AND GROUPS IN CENTRAL VIRGINIA THAT SUPPORT THE ORGANIZATION'S MISSION. DIVERSITY RICHMOND ALSO PROVIDES SUPPORT TO THE COMMUNITY THROUGH THE OPERATION OF ITS WEBSITE, SOCIAL MEDIA AND NETWORKING SERVICES THAT TIE TOGETHER THE EFFORTS OF GROUPS SERVING LGBTQ+ PEOPLE. DIVERSITY RICHMOND ALSO HOSTS A GROWING SCHEDULE OF PROGRAMMING EVENTS PRODUCED IN- HOUSE, INCLUDING MUSICAL PERFORMANCES, DISCUSSION GROUPS AND GALLERY SHOWS. IN 2019 OVER 8,700 PEOPLE ATTENDED EVENTS PRODUCED OR PROMOTED BY DIVERSITY RICHMOND. SPECIFICALLY, THE ORGANIZATION PROVIDES MEETING SPACE TO FOUR (4) TWELVE-STEP RECOVERY PROGRAMS (E.G., ALCOHOLICS ANONYMOUS) IN ADDITION TO LOCAL NON-PROFIT ORGANIZATIONS. SPECIFIC PROGRAMS IN 2019 BY DIVERSITY RICHMOND ARE DESCRIBED BELOW: 1. THE IRIDIAN GALLERY AT DIVERSITY RICHMOND IS ONE OF THE FEW ART GALLERIES IN THE NATION SOLELY DEDICATED TO PROMOTING LGBTQ+ ARTISTS. THE GALLERY COMMITTEE IS COMPRISED OF LOCAL ARTISTS WHO HOSTED FIVE (5) EXHIBITS DURING 2019 AND HAVE SCHEDULED SEVERAL EXHIBITS DURING 2020. 2. DIVERSITY RICHMOND ALSO HAS RELATIONSHIPS WITH SEVERAL LOCAL SCHOOLS THAT AID STUDENTS WHO ARE ON PUBLIC ASSISTANCE ENABLING THEM TO SHOP FREE FOR CLOTHING AT THE ORGANIZATION'S RETAIL STORE. THE ORGANIZATION ALSO SUPPLIES CLOTHING VOUCHERS FOR CLIENTS OF SIDE BY SIDE (FORMERLY "ROSMY" THE RICHMOND ORGANIZATION FOR SEXUAL MINORITY YOUTH), HEALTH BRIGADE (FORMERLY THE FAN FREE CLINIC) AND SEVERAL OTHER LGBTQ+ NON-PROFITS FOR THEIR CLIENTS IN NEED. APPROXIMATELY 200 STUDENTS WERE SERVED IN 2019. 3. DURING THE HOLIDAY SEASON 2019, DIVERSITY RICHMOND HOSTED A FAMILY- STYLE DINNER FOR MEMBERS OF THE LOCAL TRANSGENDER COMMUNITY. MANY LGBTQ+ PEOPLE ARE DISCONNECTED FROM THEIR FAMILIES AND THE HOLIDAY SEASON IS ESPECIALLY DIFFICULT WITHIN THE TRANSGENDER COMMUNITY. THE DINNER WAS WELL ATTENDED AND IS HELD ANNUALLY. 4. PROMOTED THE NEXT GENERATION GAP PROGRAM FOR LGBTQ+ YOUTH WHO HAVE AGED OUT OF SIDE BY SIDE (FORMERLY ROSMY). 5. HOSTED A FAMILY-STYLE THANKSGIVING DINNER IN PARTNERSHIP WITH BLACK PRIDE RVA.
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IRS990/ProgSrvcAccomActy3Grp/Desc0UTILIZING NET REVENUES FROM ITS DIVERSITY THRIFT AND FROM RENTAL INCOME, DIVERSITY RICHMOND PROVIDED DIRECT CASH SUPPORT TO NON-PROFITS, AGENCIES AND GROUPS SERVING LGBTQ+ PEOPLE IN CENTRAL VIRGINIA. IN 2019, THE FOUNDATION PROVIDED CASH SUPPORT TOTALING 50,000 TO THESE NON-PROFITS, AGENCIES AND GROUPS. IN ADDITION, DURING 2019, THE ORGANIZATION PROVIDED DIRECT FINANCIAL ASSISTANCE TO APPROXIMATELY 45 INDIVIDUALS IN NEED IN EXCESS OF 17,000. FINALLY, THE ORGANIZATION PROVIDES EQUIPMENT TO LOCAL NON-PROFIT THEATERS FOR PROPS, SETS AND COSTUMES AT AN ESTIMATED VALUE OF 2,500 TO 3,000 FOR THE YEAR ENDED DECEMBER 31, 2019.
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