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Filing year 2023

The Residential Corporation

Norfolk, Virginia·EIN 52-1347380·501(c)(4)
Total revenue
$7.4M
Total assets
$16.8M
Total expenses
$2.2M
Reported officers
11
Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITES IN AN INTEGRATED COMMUNITY SETTING.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Below 10th percentile
$5k
$6k

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 10 unpaid individuals.

Pay for the position

Chief Executive Officer pay fell 70% from 2022 to 2023, while revenue rose 302%.

$18k in 2022 to $5k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Financial trend

Revenue and expenses over time

The Residential Corporation reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.8M
$1.9M
2022
$7.4M
$2.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about The Residential Corporation

What does the Chief Executive Officer of The Residential Corporation earn?

In 2023, the Chief Executive Officer of The Residential Corporation received $5,400 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Chief Executive Officer pay at The Residential Corporation compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at The Residential Corporation falls in the bottom 10%.

What are The Residential Corporation's revenue and expenses?

In 2023, The Residential Corporation reported $7.4M in total revenue and $2.2M in total expenses on its IRS Form 990.

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