THE RICHMOND REDEVELOPMENT AND HOUSING AUTHORITY (RRHA) HELPS INDIVIDUALS AND FAMILIES TRANSFORM THEIR LIVES BY PROVIDING QUALITY HOUSING AND OPPORTUNITIES TO DEVELOP SELF-SUFFICIENCY. THIS COMMITMENT TO RICHMOND'S LOW INCOME, SENIOR, AND DISABLED RESIDENTS ENCOMPASSES COMMUNITY REVITALIZATION AND DEVELOPMENT THAT ULTIMATELY BENEFITS ALL RESIDENTS OF THE CITY.
Executive compensation
Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.
| Position | Total |
|---|---|
President 25th percentile to medianvs Housing & Shelter peers in Virginia | $31k $34k |
Treasurer Officer (Unspecified) | $13k $15k |
Member Board Member 25th percentile to median | $12k $14k |
Member (end 5/2024) Board Member 10th to 25th percentile | $9k $9k |
Member Board Member 10th to 25th percentile | $7k $7k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 3 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at RICHMOND DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Held roughly steady
over 2 years
From $32k in 2021 to $31k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay fell 3% from 2021 to 2023, while revenue rose 6493%.
- Secretary (Operational) pay rose 12% from 2021 to 2022.
- Chief Financial Officer pay fell 79% from 2021 to 2022.
Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about RICHMOND DEVELOPMENT CORPORATION
What does the Chief Executive Officer of RICHMOND DEVELOPMENT CORPORATION earn?
In 2023, the Chief Executive Officer of RICHMOND DEVELOPMENT CORPORATION received $31,185 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in Virginia, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at RICHMOND DEVELOPMENT CORPORATION compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Virginia, the 2023 pay of the Chief Executive Officer at RICHMOND DEVELOPMENT CORPORATION falls between the 25th percentile and the median. In 2023, the highest total compensation at RICHMOND DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are RICHMOND DEVELOPMENT CORPORATION's revenue and expenses?
In 2023, RICHMOND DEVELOPMENT CORPORATION reported $72k in total revenue and $839k in total expenses on its IRS Form 990.
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