35
Hampton Roads Economic Development Alliance
Community Development · Norfolk, Virginia
3 Commercial Pl Ste 1320, Norfolk, VA 23510-2113
EIN: 540600387· Founded: Mar 2020· 6 years active· Filing Year: 2023
Annual Revenue
$3.6M
Total Expenses
$4.1M
Total Assets
$4.1M
Program Spending
1%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$859K
20.7% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$1.0M
Total Payroll
$1.9M
45% of total expenses
Where the Money Goes
1%
Programs: 1%
Payroll: 45%
Other overhead: 99%
Program Revenue$36K (1%)
Total Expenses$4.1M (100%)
Payroll$1.9M (45%)
Overhead (non-program)99%
Trust Score Breakdown
Program Spending Ratio
1% of expenses go to programs
Revenue & Stability
$3.6M annual revenue
Executive Compensation
$859K total officer comp (20.7% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$4.1M in assets
Similar Community Development Nonprofits in Virginia
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.