Civic Intelligence

Rush Homes Inc

EIN 31-1519694 • 501(c)3 • Lynchburg, VA

Profile

To provide safe, affordable homes to adults with mental and physical disabilities in central virginia.

PO Box 3305Lynchburg, VA 24503

www.rushhomes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.72x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

4.31x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

84th percentile

28%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2024

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2024

Assets

Up

$9,989,612

Up $4,950,581 (+98%) from 2023

Liabilities

Up

$7,163,436

Up $4,271,051 (+148%) from 2023

Net Assets

Up

$2,826,176

Up $679,530 (+32%) from 2023

Revenue

Up

$1,661,026

Up $605,893 (+57%) from 2023

Expenses

Up

$1,110,731

Up $342,411 (+45%) from 2023

Net Income

Up

$550,295

Up $263,482 (+92%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $1,617,098Liabilities 2010: $804,002Net Assets 2010: $813,0962010Assets 2011: $1,797,034Liabilities 2011: $977,406Net Assets 2011: $819,6282011Assets 2012: $1,986,753Liabilities 2012: $1,013,273Net Assets 2012: $973,4802012Assets 2013: $1,938,657Liabilities 2013: $1,044,335Net Assets 2013: $894,3222013Assets 2014: $2,680,371Liabilities 2014: $1,900,912Net Assets 2014: $779,4592014Assets 2015: $2,562,108Liabilities 2015: $1,569,013Net Assets 2015: $993,0952015Assets 2016: $2,553,438Liabilities 2016: $1,453,461Net Assets 2016: $1,099,9772016Assets 2017: $2,545,473Liabilities 2017: $1,426,770Net Assets 2017: $1,118,7032017Assets 2019: $4,437,010Liabilities 2019: $3,081,422Net Assets 2019: $1,355,5882019Assets 2020: $4,590,655Liabilities 2020: $3,072,894Net Assets 2020: $1,517,7612020Assets 2021: $4,774,924Liabilities 2021: $2,934,272Net Assets 2021: $1,840,6522021Assets 2022: $6,591,589Liabilities 2022: $4,081,825Net Assets 2022: $2,509,7642022Assets 2023: $5,039,031Liabilities 2023: $2,892,385Net Assets 2023: $2,146,6462023Assets 2024: $9,989,612Liabilities 2024: $7,163,436Net Assets 2024: $2,826,1762024

Highlighted filing

2024

Assets$9,989,612
Liabilities$7,163,436
Net Assets$2,826,176

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $306,5922010Expenses 2011: $344,8372011Expenses 2012: $413,0872012Revenue 2013: $396,608Expenses 2013: $475,766Net Income 2013: -$79,1582013Revenue 2014: $321,993Expenses 2014: $436,856Net Income 2014: -$114,8632014Revenue 2015: $713,367Expenses 2015: $499,731Net Income 2015: $213,6362015Revenue 2016: $559,266Expenses 2016: $452,384Net Income 2016: $106,8822016Revenue 2017: $474,478Expenses 2017: $455,752Net Income 2017: $18,7262017Revenue 2019: $846,724Expenses 2019: $493,032Net Income 2019: $353,6922019Revenue 2020: $684,764Expenses 2020: $522,591Net Income 2020: $162,1732020Revenue 2021: $850,808Expenses 2021: $527,917Net Income 2021: $322,8912021Revenue 2022: $862,448Expenses 2022: $693,336Net Income 2022: $169,1122022Revenue 2023: $1,055,133Expenses 2023: $768,320Net Income 2023: $286,8132023Revenue 2024: $1,661,026Expenses 2024: $1,110,731Net Income 2024: $550,2952024

Highlighted filing

2024

Revenue$1,661,026
Expenses$1,110,731
Net Income$550,295

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.99$7.16$2.83$1.66$1.11$0.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.04$2.89$2.15$1.06$0.77$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.59$4.08$2.51$0.86$0.69$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$2.93$1.84$0.85$0.53$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$3.07$1.52$0.68$0.52$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$3.08$1.36$0.85$0.49$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$1.43$1.12$0.47$0.46$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$1.45$1.10$0.56$0.45$0.11
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$1.57$0.99$0.71$0.50$0.21
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$1.90$0.78$0.32$0.44$0.11
2013Detailed filing. Detailed filing data is available for this year.$1.94$1.04$0.89$0.40$0.48$0.08
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$1.01$0.97$0.41
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.98$0.82$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.80$0.81$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 3, 2026
Return Version
2024v5.5
Gross Receipts
$1,711,675
Mission and Program Overview

Mission

To provide safe, affordable homes to adults with mental and physical disabilities in central virginia.

To create affordable housing in the lynchburg region for low-income families with disabilities through development, advocacy, and support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$931,555$1,024,835▲ $93,280
Land, Buildings, and Equipment, Net$726,848$735,962▲ $9,114
Pledges and Grants Receivable$7,273$472,595▲ $465,322
Savings and Temporary Cash Investments$544,194$363,861▼ $180,333
Accounts Receivable-$8,165-
Prepaid Expenses and Deferred Charges$7,751$5,886▼ $1,865
Total Assets$5,039,031$9,989,612▲ $4,950,581
Other Assets Total$2,821,410$7,378,308▲ $4,556,898
Liabilities
Other Liabilities$2,545,624$6,277,041▲ $3,731,417
Deferred Revenue$62,863$615,058▲ $552,195
Mortgage Notes Payable Secured by Investment Property$264,940$249,493▼ $15,447
Accounts Payable and Accrued Expenses$18,958$21,844▲ $2,886
Total Liabilities$2,892,385$7,163,436▲ $4,271,051
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,098,428$2,593,681▲ $495,253
Net Assets With Donor Restrictions$48,218$232,495▲ $184,277
Total Net Assets Fund Balance$2,146,646$2,826,176▲ $679,530
Total Liabilities and Net Assets / Fund Balance$5,039,031$9,989,612▲ $4,950,581

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$477,245$954,124$1,431,369
Land$231,197-$231,197
Other Land Buildings$27,520$34,012$61,532
Other Assets Org$105,535--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$29,474-▲ $2,509-$31,983
2023$26,143-▲ $3,331-$29,474
2022$26,143---$26,143
2021$26,089-▲ $54-$26,143
2020$25,946-▲ $143-$26,089
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tracey BallaghExecutive DirectorFT$86,872$9,417$96,289

Board Members and Trustees

NameTitle
Mari SmallshawPresident
James ColemanVice President
Ashley HilbishDirector
Cathie JosephDirector
David SchwartzDirector
Jennifer WoofterDirector
Marc CorbettDirector
Michael DoucetteDirector
Nick PontiusDirector
Robin FoutzDirector
Walter VirgilDirector
Steve SmallshawSecretary
Bill SanfordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$726,720
Program Service Revenue
$551,096
Investment Income
$178,164
Other Revenue
$205,046
All Other Contributions
$726,720
Change in Net Assets
$550,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$630,642
Other Expenses$480,089
Total Fundraising Expense$176,652
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$251,378$93,734$80,952$426,064
Current Officers, Directors, Trustees, and Key Employees$56,810$21,184$18,295$96,289
Fees for Services Other$54,317$20,254$17,492$92,063
All Other Expenses$51,042$13,579$11,727$76,348
Other Employee Benefits$42,208$15,738$13,592$71,538
Depreciation Depletion$67,470$1,377-$68,847
Payroll Taxes$21,683$8,085$6,983$36,751
Other Expenses$17,077$6,368$5,499$28,944
Insurance$14,231$5,307$4,583$24,121
Occupancy$21,968$242$209$22,419
Interest$11,125--$11,125
Office Expenses$4,708$1,756$1,516$7,980
Travel$3,277$1,222$1,055$5,554
Fees for Services Accounting$2,655$990$855$4,500
Fees for Service Investment Mgmnt Fees$134$50$43$227
Total Functional Expenses$728,154$205,925$176,652$1,110,731
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Obligation$6,229,900
Salaries & Wages Payable$35,258
Security Deposits$6,545
Liability for Insurance$3,085
Payroll Taxes Payable$2,253
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The board has two members who are married to each other.

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

The 990 is presented to the board for review before the return is filed.

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

Staff and board members are to abstain from actions and activities that create conflict. Board members must certify annually their understanding of policy and detail any conflicts.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Rush Homes Inc
EIN
31-1519694
Phone
4344552120
Address
PO BOX 3305, LYNCHBURG, VA 24503

Signing Officer

Name
Tracey Ballagh
Title
Executive Director
Phone
4344552120
Signed
2026-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracey Ballagh
Formed
1996
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
12
Volunteers
73

Preparer

Firm
Davidson Doyle & Hilton Llp
Address
PO BOX 800, LYNCHBURG, VA 24505-0800
Preparer
Amy a Gallagher CPA
Phone
4348467611
Supplemental Narrative

Additional Explanations

Amended Return

The form 990 is amended following the completion of the 2024 annual audit. Assets were distributed to a controlled entity on page 12 of the form 990.

Form 990, Part XI, Line 5

Distribution of florida terrace to controlled llc. Audit adjustment.

Financial Statement Notes

PART X, LINE 2:

The organization has analyzed tax positions taken for filing with the irs and all state jurisdictions where it operates. The organization believes that income tax filing positions will be sustained upon exaimination and does not anticipate any adjustments that would result in a material adverse affect on the organization's financial condition, results of operations or cash flows. Accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2024

Raw XML AppendixShowing 400 of 676 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO CREATE AFFORDABLE HOUSING IN THE LYNCHBURG REGION FOR LOW-INCOME FAMILIES WITH DISABILITIES THROUGH DEVELOPMENT, ADVOCACY, AND SUPPORT.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
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IRS990/FormationYr01996
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
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IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossRentsGrp/RealAmt0202290
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IRS990/IndependentAuditFinclStmtInd00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt05307
IRS990/InsuranceGrp/ProgramServicesAmt014231
IRS990/InsuranceGrp/TotalAmt024121
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IRS990/InterestGrp/TotalAmt011125
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IRS990/MissionDesc0TO CREATE AFFORDABLE HOUSING IN THE LYNCHBURG REGION FOR LOW-INCOME FAMILIES WITH DISABILITIES THROUGH DEVELOPMENT, ADVOCACY, AND SUPPORT.
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IRS990/OtherExpensesGrp/FundraisingAmt15829
IRS990/OtherExpensesGrp/FundraisingAmt25499
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16750
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IRS990/OtherExpensesGrp/TotalAmt230681
IRS990/OtherExpensesGrp/TotalAmt328944
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt080952
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06983
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08085
IRS990/PayrollTaxesGrp/ProgramServicesAmt021683
IRS990/PayrollTaxesGrp/TotalAmt036751
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07273
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0472595
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07751
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05886
IRS990/PrincipalOfficerNm0TRACEY BALLAGH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624100
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IRS990/ProgramServiceRevenueGrp/BusinessCd2624100
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM/CLIENT FEES/RE
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER'S FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FORGIVENESS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0338791
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1194805
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0338791
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1194805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0298988
IRS990/PYOtherRevenueAmt0174877
IRS990/PYProgramServiceRevenueAmt0170197
IRS990/PYRevenuesLessExpensesAmt0286813
IRS990/PYSalariesCompEmpBnftPaidAmt0469332
IRS990/PYTotalExpensesAmt0768320
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01055133
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0550295
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0202290
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0934306
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0544194
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0363861
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0726720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0177896
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0543235
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0314290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02195414
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06541
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01852
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05116
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt055078
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01973419
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt017500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01103
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0571
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03841
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023015
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96570
IRS990ScheduleA/PublicSupportPY170Pct00.97860
IRS990ScheduleA/PublicSupportTotal170Amt02195414
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0726720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0177896
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0433273
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0543235
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0314290
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02195414
IRS990ScheduleA/TotalSupportAmt02273507
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0477245
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0954124

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