Civic Intelligence

Rural Development Inc.

990 • Fiscal year 2017 • EIN 22-3139262

Jul 01, 2016 to Jun 30, 2017 • Filed on May 07, 2018

241 Millers Falls RoadTurners Falls, MA 01376

(413) 863-9781

Siviq Scores

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

Liabilities / Assets

86th percentile

0.71x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

6.41x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

18th percentile

-5.6%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-5.6%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,675,655

Down $219,066 (-5.6%) from 2016

Net Assets

Down

$1,054,926

Down $251,788 (-19%) from 2016

Liabilities

Up

$2,620,729

Up $32,722 (+1.3%) from 2016

Revenue

Down

$408,835

Down $24,288 (-5.6%) from 2016

Expenses

Up

$531,072

Up $17,693 (+3.4%) from 2016

Net Income

Down

-$122,237

Down $41,981 (-52%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $8,168,848Liabilities 2010: $6,883,639Net Assets 2010: $1,285,2092010Assets 2011: $6,129,990Liabilities 2011: $4,493,202Net Assets 2011: $1,636,7882011Assets 2012: $5,640,586Liabilities 2012: $3,456,132Net Assets 2012: $2,184,4542012Assets 2013: $5,312,048Liabilities 2013: $3,230,014Net Assets 2013: $2,082,0342013Assets 2014: $5,127,645Liabilities 2014: $3,316,480Net Assets 2014: $1,811,1652014Assets 2015: $4,872,722Liabilities 2015: $3,302,084Net Assets 2015: $1,570,6382015Assets 2016: $3,894,721Liabilities 2016: $2,588,007Net Assets 2016: $1,306,7142016Assets 2017: $3,675,655Liabilities 2017: $2,620,729Net Assets 2017: $1,054,9262017Assets 2018: $3,582,981Liabilities 2018: $2,761,569Net Assets 2018: $821,4122018Assets 2019: $3,432,475Liabilities 2019: $2,885,912Net Assets 2019: $546,5632019Assets 2020: $3,502,526Liabilities 2020: $3,124,053Net Assets 2020: $378,4732020Assets 2021: $6,024,870Liabilities 2021: $4,821,373Net Assets 2021: $1,203,4972021Assets 2022: $13,267,936Liabilities 2022: $12,442,872Net Assets 2022: $825,0642022Assets 2023: $3,657,284Liabilities 2023: $2,853,763Net Assets 2023: $803,5212023Assets 2024: $3,538,309Liabilities 2024: $2,789,521Net Assets 2024: $748,7882024

Highlighted filing

2017

Assets$3,675,655
Liabilities$2,620,729
Net Assets$1,054,926

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,468,0072010Expenses 2011: $1,689,0932011Expenses 2012: $1,995,8872012Expenses 2013: $710,8672013Revenue 2014: $354,182Expenses 2014: $421,862Net Income 2014: -$67,6802014Revenue 2015: $481,503Expenses 2015: $465,711Net Income 2015: $15,7922015Revenue 2016: $433,123Expenses 2016: $513,379Net Income 2016: -$80,2562016Revenue 2017: $408,835Expenses 2017: $531,072Net Income 2017: -$122,2372017Revenue 2018: $328,547Expenses 2018: $562,061Net Income 2018: -$233,5142018Revenue 2019: $301,633Expenses 2019: $576,482Net Income 2019: -$274,8492019Revenue 2020: $292,513Expenses 2020: $460,603Net Income 2020: -$168,0902020Revenue 2021: $1,607,553Expenses 2021: $782,529Net Income 2021: $825,0242021Revenue 2022: $420,362Expenses 2022: $798,795Net Income 2022: -$378,4332022Revenue 2023: $924,350Expenses 2023: $753,234Net Income 2023: $171,1162023Revenue 2024: $767,553Expenses 2024: $824,793Net Income 2024: -$57,2402024

Highlighted filing

2017

Revenue$408,835
Expenses$531,072
Net Income-$122,237
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 7, 2018
Return Version
2016v3.0
Gross Receipts
$408,835
Mission and Program Overview

Mission

It is the mission of rdi to advance the right of all people in franklin county and the north quabbin region to occupy environmentally responsible, energy efficient, affordable housing and to improve economic independence. Further, rdi strives to promote environmental awareness, and to operate in a manner that is respectful of the rural character of our region.

It is the mission of rural development, inc. (rdi) to advance the right of all people in franklin county and the north quabbin region to occupy environmentally responsible, energy efficient, affordable housing and to improve economic independence. Further, rdi strives to promote environmental awareness, and to operate in a manner that is respectful of the rural character of our region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,925,207$1,733,140▼ $192,067
Investments Program Related$916,052$957,637▲ $41,585
Savings and Temporary Cash Investments$829,963$791,616▼ $38,347
Cash and Non-Interest-Bearing Accounts$53,958$79,406▲ $25,448
Prepaid Expenses and Deferred Charges$13,245$12,488▼ $757
Accounts Receivable$71,892$12,294▼ $59,598
Total Assets$3,894,721$3,675,655▼ $219,066
Other Assets Total$84,404$89,074▲ $4,670
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,415,251$2,425,975▲ $10,724
Accounts Payable and Accrued Expenses$157,433$178,583▲ $21,150
Escrow Account Liability$15,323$16,171▲ $848
Total Liabilities$2,588,007$2,620,729▲ $32,722
Net Assets / Fund Balance
Unrestricted Net Assets$1,306,714$1,054,926▼ $251,788
Total Net Assets Fund Balance$1,306,714$1,054,926▼ $251,788
Total Liabilities and Net Assets / Fund Balance$3,894,721$3,675,655▼ $219,066

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,652,316$540,171$2,192,487
Land$80,400-$80,400
Equipment$424$5,916$6,340
Investment Program Related Org$957,637--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda DunlavyPresident
Roseann MartocciaVice President
Christopher SikesDirector
Leslie BrownDirector
Levi RomanDirector
Sharon CottrellDirector
Frances PheenyExecutive Director
Regina CurtisSecretary
Clare HigginsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,090
Program Service Revenue
$353,581
Investment Income
$335
Other Revenue
$31,829
All Other Contributions
$14,492
Change in Net Assets
$-122,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$531,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$184,832$31,475-$216,307
Fees for Services Management$76,386$64,475-$140,861
Depreciation Depletion$53,273$4,998-$58,271
Fees for Services Accounting$6,620$36,748-$43,368
Fees for Services Other$3,921$22,927-$26,848
Fees for Services Legal-$13,073-$13,073
Office Expenses$3,498$3,057-$6,555
Other Expenses$5,752$3,326-$3,326
Total Functional Expenses$341,914$189,158$0$531,072
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Rdi and the board of directors has engaged franklin county regional housing and redevelopment authority to serve as a management company and manage the day-to-day management and operational functions of rdi.

Form 990, Part VI, Section B, Line 11B

The form 990 is first reviewed by management of franklin county regional housing and redevelopment authority, the management company engaged by rdi to perform daily management and operational functions. Then, the form 990 is provided to the board of directors for review and approval, before it is filed.

Form 990, Part VI, Section B, Line 12C

The board of directors are required to sign off annually on rdi's conflict of interest policy.

Form 990, Part VI, Section C, Line 18

Rdi's form 1023 is available upon request. Rdi's form 990 is available upon request and another's wesbite at www.guidestar.org

Form 990, Part VI, Section C, Line 19

Rdi's governing documents, conflict of interest policy and financial statements are available upon request.

FORM 990, PART VI, LINE 16B:

Rdi's policy over evaluating its participation in joint venture arrangements involves an assessment performed by rdi's board of directors to ensure the terms of any potential joint venture relationship is permitted under applicable federal tax law and rdi's exempt status is being safeguarded. In addition, formal operating and other applicable agreements are formally executed by all parties involved and clearly outline rdi's role in all joint venture relationships.

Filing and Contact Details

Filer

Filer Name
Rural Development Inc
EIN
22-3139262
Phone
4138639781
Address
241 MILLERS FALLS ROAD, TURNERS FALLS, MA 01376

Signing Officer

Name
Frances Pheeny Executive Director
Title
Executive Director
Phone
4138639781
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frances Pheeny
Formed
1991
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
David Kelleher CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Impairment loss -129,551.

FORM 990, PART XII, LINE 2C:

The organization has a finance committee that has oversight of the audit process. The finance committee meets with the auditors and presents a summary of the audit results to the full board of directors.

Financial Statement Notes

PART IV, LINE 2B:

The escrow account liability on form 990, part x, line 21 reflects tenant security deposits which are held in a separate bank account. The deposits are refunded to the tenants upon termination of the respective lease.

PART X, LINE 2:

Rdi accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidating financial statements regarding a tax position taken or expected to be taken in a tax return. Rdi has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidating financial statements at june 30, 2017. However, rdi's information returns are subject to examination by the appropriate taxing jurisdictions.

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IRS990/OtherExpensesGrp/TotalAmt016711
IRS990/OtherExpensesGrp/TotalAmt15752
IRS990/OtherExpensesGrp/TotalAmt23326
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt031829
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031829
IRS990/OtherRevenueTotalAmt031829
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013245
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012488
IRS990/PrincipalOfficerNm0FRANCES PHEENY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531310
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST INCOME ON NOT
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0270849
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146585
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223370
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312777
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0270849
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146585
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223370
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312777
IRS990/ProgSrvcAccomActy2Grp/Desc0AFFORDABLE HOUSING - THIS PROGRAM OFFERS TWENTY-FIVE UNITS OF AFFORDABLE HOUSING TO LOW TO MODERATE INCOME PERSONS IN ASHFIELD AND ORANGE MASSACHUSETTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0300792
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0315455
IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING COUNSELING - REFLECTS RURAL DEVELOPMENT, INC.'S EFFORTS IN EDUCATING FIRST TIME HOMEBUYERS AS TO THE PROCESS OF PURCHASING THEIR FIRST HOME, AS WELL AS FORECLOSURE PREVENTION SERVICES TO RESIDENTS IN FRANKLIN COUNTY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05752
IRS990/ProgSrvcAccomActyOtherGrp/Desc0REAL ESTATE DEVELOPMENT - INVOLVES RURAL DEVELOPMENT, INC.'S EFFORTS IN REHABILITATING REAL PROPERTY IN FRANKLIN COUNTY FOR USE AS AFFORDABLE HOUSING.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02782
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt069955
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt024103
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-2818
IRS990/PYOtherExpensesAmt0513379
IRS990/PYOtherRevenueAmt017285
IRS990/PYProgramServiceRevenueAmt0394553
IRS990/PYRevenuesLessExpensesAmt0-80256
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0513379
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0433123
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-122237
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0829963
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0791616
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt023090
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt024103
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt019723
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0159185
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0236261
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0335
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0963
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0272
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt026991
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014276
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt042837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0385410
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0411838
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0471071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0325933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0433774
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02028026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0335
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0963
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0272
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt026991
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014276
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt042837
IRS990ScheduleA/InvestmentIncomeCYPct00.01860
IRS990ScheduleA/InvestmentIncomePYPct00.01320
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94860
IRS990ScheduleA/PublicSupportPY509Pct00.97250
IRS990ScheduleA/PublicSupportTotal509Amt02188594
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt022447
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt053246
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt075693
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt022447
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt053246
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt075693
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0408500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0435941
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0481231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0345656
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0592959
IRS990ScheduleA/Total509Grp/TotalAmt02264287
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0408835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0436904
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0481503
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0372647
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0607235
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02307124
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01652316
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0540171
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02192487
IRS990ScheduleD/EquipmentGrp/BookValueAmt0424
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05916
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06340
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0957637
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NOTES RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt080400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080400
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW ACCOUNT LIABILITY ON FORM 990, PART X, LINE 21 REFLECTS TENANT SECURITY DEPOSITS WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANTS UPON TERMINATION OF THE RESPECTIVE LEASE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RDI ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. RDI HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT JUNE 30, 2017. HOWEVER, RDI'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01733140
IRS990ScheduleD/TotalBookValueProgramRltdAmt0957637
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RDI AND THE BOARD OF DIRECTORS HAS ENGAGED FRANKLIN COUNTY REGIONAL HOUSING AND REDEVELOPMENT AUTHORITY TO SERVE AS A MANAGEMENT COMPANY AND MANAGE THE DAY-TO-DAY MANAGEMENT AND OPERATIONAL FUNCTIONS OF RDI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS FIRST REVIEWED BY MANAGEMENT OF FRANKLIN COUNTY REGIONAL HOUSING AND REDEVELOPMENT AUTHORITY, THE MANAGEMENT COMPANY ENGAGED BY RDI TO PERFORM DAILY MANAGEMENT AND OPERATIONAL FUNCTIONS. THEN, THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL, BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN OFF ANNUALLY ON RDI'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RDI'S FORM 1023 IS AVAILABLE UPON REQUEST. RDI'S FORM 990 IS AVAILABLE UPON REQUEST AND ANOTHER'S WESBITE AT WWW.GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RDI'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RDI'S POLICY OVER EVALUATING ITS PARTICIPATION IN JOINT VENTURE ARRANGEMENTS INVOLVES AN ASSESSMENT PERFORMED BY RDI'S BOARD OF DIRECTORS TO ENSURE THE TERMS OF ANY POTENTIAL JOINT VENTURE RELATIONSHIP IS PERMITTED UNDER APPLICABLE FEDERAL TAX LAW AND RDI'S EXEMPT STATUS IS BEING SAFEGUARDED. IN ADDITION, FORMAL OPERATING AND OTHER APPLICABLE AGREEMENTS ARE FORMALLY EXECUTED BY ALL PARTIES INVOLVED AND CLEARLY OUTLINE RDI'S ROLE IN ALL JOINT VENTURE RELATIONSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IMPAIRMENT LOSS -129,551.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS A FINANCE COMMITTEE THAT HAS OVERSIGHT OF THE AUDIT PROCESS. THE FINANCE COMMITTEE MEETS WITH THE AUDITORS AND PRESENTS A SUMMARY OF THE AUDIT RESULTS TO THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, LINE 16B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0RURAL DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1RURAL DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2RURAL DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ASHFIELD HOUSE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1P & G LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2WISDOM WAY SOLAR VILLAGE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0061765926
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1208919939
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2263282996

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$2.79$0.75$0.77$0.82$0.06
2023Summary only. Only limited summary data is available for this year.$3.66$2.85$0.80$0.92$0.75$0.17
2022Summary only. Only limited summary data is available for this year.$13.3$12.4$0.83$0.42$0.80$0.38
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.02$4.82$1.20$1.61$0.78$0.83
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$3.12$0.38$0.29$0.46$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$2.89$0.55$0.30$0.58$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.58$2.76$0.82$0.33$0.56$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.68$2.62$1.05$0.41$0.53$0.12
2016Detailed filing. Detailed filing data is available for this year.$3.89$2.59$1.31$0.43$0.51$0.08
2015Detailed filing. Detailed filing data is available for this year.$4.87$3.30$1.57$0.48$0.47$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.13$3.32$1.81$0.35$0.42$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$3.23$2.08$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$3.46$2.18$2.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.13$4.49$1.64$1.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.17$6.88$1.29$3.47