Civic Intelligence

Rural Nevada Development Corporation

990 • Fiscal year 2017 • EIN 88-0280033

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 26, 2017

Organization ProfileN/A
1320 East Aultman StreetEly, NV 89301

(775) 289-8519

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$13,324,347

Up $12,663 (+0.1%) from 2016

Net Assets

Up

$1,218,334

Up $64,357 (+5.6%) from 2016

Liabilities

Down

$12,106,013

Down $51,694 (-0.4%) from 2016

Revenue And Expenses

Revenue

Up

$2,786,498

Up $254,080 (+10%) from 2016

Expenses

Up

$2,659,042

Up $64,582 (+2.5%) from 2016

Net Income

Up

$127,456

Up $189,498 (+305%) from 2016

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2012: $11,772,851Liabilities 2012: $10,601,955Net Assets 2012: $1,170,8962012Assets 2013: $13,234,042Liabilities 2013: $11,767,646Net Assets 2013: $1,466,3962013Assets 2014: $13,284,834Liabilities 2014: $11,764,430Net Assets 2014: $1,520,4042014Assets 2015: $13,709,862Liabilities 2015: $12,493,843Net Assets 2015: $1,216,0192015Assets 2016: $13,311,684Liabilities 2016: $12,157,707Net Assets 2016: $1,153,9772016Assets 2017: $13,324,347Liabilities 2017: $12,106,013Net Assets 2017: $1,218,3342017Assets 2018: $13,660,797Liabilities 2018: $11,697,251Net Assets 2018: $1,963,5462018Assets 2019: $11,486,154Liabilities 2019: $9,432,239Net Assets 2019: $2,053,9152019Assets 2020: $11,956,520Liabilities 2020: $9,910,832Net Assets 2020: $2,045,6882020Assets 2021: $21,547,293Liabilities 2021: $10,908,474Net Assets 2021: $10,638,8192021Assets 2022: $25,484,515Liabilities 2022: $11,533,388Net Assets 2022: $13,951,1272022Assets 2023: $28,451,438Liabilities 2023: $11,858,575Net Assets 2023: $16,592,8632023Assets 2024: $32,634,809Liabilities 2024: $13,646,938Net Assets 2024: $18,987,8712024Assets 2025: $34,080,589Liabilities 2025: $12,488,662Net Assets 2025: $21,591,9272025

Highlighted filing

2017

Assets$13,324,347
Liabilities$12,106,013
Net Assets$1,218,334
Open 2017 Filing

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $5,406,035Expenses 2012: $6,302,569Net Income 2012: -$896,5342012Revenue 2013: $3,562,192Expenses 2013: $3,266,692Net Income 2013: $295,5002013Revenue 2014: $3,301,776Expenses 2014: $3,247,770Net Income 2014: $54,0062014Revenue 2015: $2,855,702Expenses 2015: $3,088,711Net Income 2015: -$233,0092015Revenue 2016: $2,532,418Expenses 2016: $2,594,460Net Income 2016: -$62,0422016Revenue 2017: $2,786,498Expenses 2017: $2,659,042Net Income 2017: $127,4562017Revenue 2018: $3,633,298Expenses 2018: $2,888,086Net Income 2018: $745,2122018Revenue 2019: $1,945,116Expenses 2019: $1,854,747Net Income 2019: $90,3692019Revenue 2020: $1,698,422Expenses 2020: $1,706,649Net Income 2020: -$8,2272020Revenue 2021: $11,283,329Expenses 2021: $2,097,882Net Income 2021: $9,185,4472021Revenue 2022: $5,521,868Expenses 2022: $2,016,110Net Income 2022: $3,505,7582022Revenue 2023: $4,912,598Expenses 2023: $2,076,612Net Income 2023: $2,835,9862023Revenue 2024: $5,567,728Expenses 2024: $2,887,421Net Income 2024: $2,680,3072024Revenue 2025: $5,054,036Expenses 2025: $2,448,260Net Income 2025: $2,605,7762025

Highlighted filing

2017

Revenue$2,786,498
Expenses$2,659,042
Net Income$127,456
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 26, 2017
Return Version
2016v3.0
Gross Receipts
$2,786,498
Mission and Program Overview

Mission

Rural nevada development corporation (rndc) is a 501(c) 3 non-profit development corporation formed in january 1992 to serve the fifteen (15) rural counties, rural clark and washoe counties, and the twenty-seven (27) native american tribes of nevada. Rndc has been responsive to the needs of rural communities by addressing critical issues such as affordable housing, down payment assistance, homeowner rehabilitation and small business alternative lending practices and has received certification from the department of treasury as a community development financial institution (cdfi). Its ability to leverage involvement statewide from public and private sources has been successful. In 1999, rndc business-lending program won a best practice award from hud for its creativity in addressing a problem and effectively leveraging resources.

Economic development services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,682,720$6,166,492▲ $483,772
Investments Other Securities$5,034,742$4,984,556▼ $50,186
Cash and Non-Interest-Bearing Accounts$2,053,189$1,577,612▼ $475,577
Land, Buildings, and Equipment, Net$276,053$312,895▲ $36,842
Pledges and Grants Receivable$213,792$256,934▲ $43,142
Accounts Receivable$47,991$22,799▼ $25,192
Prepaid Expenses and Deferred Charges$3,197$3,059▼ $138
Total Assets$13,311,684$13,324,347▲ $12,663
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,985,262$11,943,361▼ $41,901
Accounts Payable and Accrued Expenses$115,435$107,366▼ $8,069
Other Liabilities$54,311$49,521▼ $4,790
Deferred Revenue$2,699$5,765▲ $3,066
Total Liabilities$12,157,707$12,106,013▼ $51,694
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,943,653$1,994,656▲ $51,003
Unrestricted Net Assets$-789,676$-776,322▲ $13,354
Total Net Assets Fund Balance$1,153,977$1,218,334▲ $64,357
Total Liabilities and Net Assets / Fund Balance$13,311,684$13,324,347▲ $12,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$277,669$65,202$342,871
Equipment$35,226$180,772$215,998
Other Securities$4,984,556--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jerry MartinBoard Chair
Cherrie GeorgeDirector
Christine StonesDirector
Danny BensonDirector
Daryl CrawfordDirector
Eric CoyleDirector
James UtterbackDirector
Janis WoodDirector
Kathy HalbardierDirector
Kenna AlmbergDirector
Shirley MccroskyDirector
Shirley Kellerman1st Vice CHA
Trish Rippie2nd Vice CHA
Mary KernerCEO
Joni EastleySecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,037,525
Program Service Revenue
$1,347,205
Investment Income
$401,768
Other Revenue
$0
Change in Net Assets
$127,456

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,786,498
Total Revenue per Audited Statements
$2,786,498
Total Revenue per Form 990
$2,786,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,139,105
Salaries, Compensation, and Employee Benefits$519,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$479,517$40,420-$519,937
Interest$263,832$6,124-$269,956
Fees for Services Legal$244,641$13,127-$257,768
Depreciation Depletion$140,578$16,434-$157,012
Insurance$48,917$9,195-$58,112
All Other Expenses$24,680$21,058-$45,738
Other Expenses$40,572$2,418-$40,572
Office Expenses$18,283$3,591-$21,874
Travel$16,382$4,161-$20,543
Advertising$2,350$1,280-$3,630
Occupancy-$669-$669
Total Functional Expenses$2,535,611$123,431$0$2,659,042

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,659,042
Total Expenses per Audited Statements$2,659,042
Total Expenses per Form 990$2,659,042
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
Security Deposits$27,718
Interest Payable$17,532
Compensated Absences Payable$4,271
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Copy was provided to governing body.”

Form 990, Page 6, Part VI, Line 19

“Documents are available for inspection at the coroporate offices.”

Filing and Contact Details

Filer

Filer Name
Rural Nevada Development
EIN
88-0280033
Phone
7752898519
Address
1320 EAST AULTMAN STREET, ELY, NV 89301

Signing Officer

Name
Mary Kerner
Title
CEO
Phone
7752898519
Signed
2017-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Kerner
Formed
1982
Legal Domicile
Nv
Voting Board Members
14
Independent Board Members
13
Employees
11

Preparer

Firm
Hintonburdick Pllc
Address
63 SOUTH 300 EAST STE 100, ST GEORGE, UT 84770-2948
Preparer
Steven Palmer CPA
Phone
4356283663
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Rural nevada development corporation (rndc) is a 501(c) 3 non-profit development corporation formed in january 1992 to serve the fifteen (15) rural counties, rural clark and washoe counties, and the twenty-seven (27) native american tribes of nevada. Rndc has been responsive to the needs of rural communities by addressing critical issues such as affordable housing, down payment assistance, homeowner rehabilitation and small business alternative lending practices and has received certification from the department of treasury as a community development financial institution (cdfi). Its ability to leverage involvement statewide from public and private sources has been successful. In 1999, rndc business-lending program won a best practice award from hud for its creativity in addressing a problem and effectively leveraging resources.”

Form 990, Page 2, Part III, Line 4D

“Other program services - multi-family housing initiative to provide affordable housing to qualifying low-income tenants.”

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IRS990/MissionDesc0RURAL NEVADA DEVELOPMENT CORPORATION (RNDC) IS A 501(C) 3 NON-PROFIT DEVELOPMENT CORPORATION FORMED IN JANUARY 1992 TO SERVE THE FIFTEEN (15) RURAL COUNTIES, RURAL CLARK AND WASHOE COUNTIES, AND THE TWENTY-SEVEN (27) NATIVE AMERICAN TRIBES OF NEVADA. RNDC HAS BEEN RESPONSIVE TO THE NEEDS OF RURAL COMMUNITIES BY ADDRESSING CRITICAL ISSUES SUCH AS AFFORDABLE HOUSING, DOWN PAYMENT ASSISTANCE, HOMEOWNER REHABILITATION AND SMALL BUSINESS ALTERNATIVE LENDING PRACTICES AND HAS RECEIVED CERTIFICATION FROM THE DEPARTMENT OF TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). ITS ABILITY TO LEVERAGE INVOLVEMENT STATEWIDE FROM PUBLIC AND PRIVATE SOURCES HAS BEEN SUCCESSFUL. IN 1999, RNDC BUSINESS-LENDING PROGRAM WON A BEST PRACTICE AWARD FROM HUD FOR ITS CREATIVITY IN ADDRESSING A PROBLEM AND EFFECTIVELY LEVERAGING RESOURCES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011943361
IRS990/NetAssetsOrFundBalancesBOYAmt01153977
IRS990/NetAssetsOrFundBalancesEOYAmt01218334
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0669
IRS990/OccupancyGrp/TotalAmt0669
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03591
IRS990/OfficeExpensesGrp/ProgramServicesAmt018283
IRS990/OfficeExpensesGrp/TotalAmt021874
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONSTRUCTION
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04954
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12418
IRS990/OtherExpensesGrp/ProgramServicesAmt0903554
IRS990/OtherExpensesGrp/ProgramServicesAmt1198389
IRS990/OtherExpensesGrp/ProgramServicesAmt2153916
IRS990/OtherExpensesGrp/ProgramServicesAmt340572
IRS990/OtherExpensesGrp/TotalAmt0903554
IRS990/OtherExpensesGrp/TotalAmt1203343
IRS990/OtherExpensesGrp/TotalAmt2156334
IRS990/OtherExpensesGrp/TotalAmt340572
IRS990/OtherLiabilitiesGrp/BOYAmt054311
IRS990/OtherLiabilitiesGrp/EOYAmt049521
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040420
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0479517
IRS990/OtherSalariesAndWagesGrp/TotalAmt0519937
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05682720
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06166492
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0213792
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0256934
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03197
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03059
IRS990/PrincipalOfficerNm0MARY KERNER
IRS990/PriorPeriodAdjustmentsAmt0-63099
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MULTI-FAMILY HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0987701
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1285198
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt274306
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0987701
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1285198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt274306
IRS990/ProgSrvcAccomActy2Grp/Desc0THE INTERMEDIARY RELENDING PROGRAM PROVIDED LOANS TO RURAL BUSINESSES WHO HAVE NOT BEEN ABLE TO OBTAIN LOANS FROM COMMERCIAL LENDERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0341114
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0401768
IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING WEATHERIZATION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0557413
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01029170
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0987701
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0687767
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0461198
IRS990/PYOtherExpensesAmt02035093
IRS990/PYProgramServiceRevenueAmt01383453
IRS990/PYRevenuesLessExpensesAmt0-62042
IRS990/PYSalariesCompEmpBnftPaidAmt0559367
IRS990/PYTotalExpensesAmt02594460
IRS990/PYTotalRevenueAmt02532418
IRS990/ReconcilationRevenueExpnssAmt0127456
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0359504
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INVESTMENT INCOME 783,736
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01037525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0687767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01025482
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01757847
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02133240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06641861
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0401768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0457274
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0441468
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01300510
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07454212
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0417718
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0366018
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0783736
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76110
IRS990ScheduleA/PublicSupportPY170Pct00.82630
IRS990ScheduleA/PublicSupportTotal170Amt06641861
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01037525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0687767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01025482
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01757847
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02133240
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06641861
IRS990ScheduleA/TotalSupportAmt08726107
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0277669
IRS990ScheduleD/BuildingsGrp/DepreciationAmt065202
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0342871
IRS990ScheduleD/EquipmentGrp/BookValueAmt035226
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0180772
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0215998
IRS990ScheduleD/ExpensesSubtotalAmt02659042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04984556
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueSubtotalAmt02786498
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0312895
IRS990ScheduleD/TotalBookValueSecuritiesAmt04984556
IRS990ScheduleD/TotalExpensesPerForm990Amt02659042
IRS990ScheduleD/TotalLiabilityAmt049521
IRS990ScheduleD/TotalRevenuePerForm990Amt02786498
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02786498
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02659042
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RURAL NEVADA DEVELOPMENT CORPORATION (RNDC) IS A 501(C) 3 NON-PROFIT DEVELOPMENT CORPORATION FORMED IN JANUARY 1992 TO SERVE THE FIFTEEN (15) RURAL COUNTIES, RURAL CLARK AND WASHOE COUNTIES, AND THE TWENTY-SEVEN (27) NATIVE AMERICAN TRIBES OF NEVADA. RNDC HAS BEEN RESPONSIVE TO THE NEEDS OF RURAL COMMUNITIES BY ADDRESSING CRITICAL ISSUES SUCH AS AFFORDABLE HOUSING, DOWN PAYMENT ASSISTANCE, HOMEOWNER REHABILITATION AND SMALL BUSINESS ALTERNATIVE LENDING PRACTICES AND HAS RECEIVED CERTIFICATION FROM THE DEPARTMENT OF TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). ITS ABILITY TO LEVERAGE INVOLVEMENT STATEWIDE FROM PUBLIC AND PRIVATE SOURCES HAS BEEN SUCCESSFUL. IN 1999, RNDC BUSINESS-LENDING PROGRAM WON A BEST PRACTICE AWARD FROM HUD FOR ITS CREATIVITY IN ADDRESSING A PROBLEM AND EFFECTIVELY LEVERAGING RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPY WAS PROVIDED TO GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE COROPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01943653
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01994656
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013311684
IRS990/TotalAssetsEOYAmt013324347
IRS990/TotalAssetsGrp/BOYAmt013311684
IRS990/TotalAssetsGrp/EOYAmt013324347
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01037525
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0123431
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02535611
IRS990/TotalFunctionalExpensesGrp/TotalAmt02659042
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012157707
IRS990/TotalLiabilitiesEOYAmt012106013
IRS990/TotalLiabilitiesGrp/BOYAmt012157707

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,324,347
Liabilities
$12,106,013
Net assets
$1,218,334
Revenue
$2,786,498
Expenses
$2,659,042
Net income
$127,456
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.1$12.5$21.6$5.05$2.45$2.61
2024Detailed filing. Detailed filing data is available for this year.$32.6$13.6$19.0$5.57$2.89$2.68
2023Detailed filing. Detailed filing data is available for this year.$28.5$11.9$16.6$4.91$2.08$2.84
2022Detailed filing. Detailed filing data is available for this year.$25.5$11.5$14.0$5.52$2.02$3.51
2021Detailed filing. Detailed filing data is available for this year.$21.5$10.9$10.6$11.3$2.10$9.19
2020Detailed filing. Detailed filing data is available for this year.$12.0$9.91$2.05$1.70$1.71$0.01
2019Detailed filing. Detailed filing data is available for this year.$11.5$9.43$2.05$1.95$1.85$0.09
2018Detailed filing. Detailed filing data is available for this year.$13.7$11.7$1.96$3.63$2.89$0.75
2017Detailed filing. Detailed filing data is available for this year.$13.3$12.1$1.22$2.79$2.66$0.13
2016Detailed filing. Detailed filing data is available for this year.$13.3$12.2$1.15$2.53$2.59$0.06
2015Detailed filing. Detailed filing data is available for this year.$13.7$12.5$1.22$2.86$3.09$0.23
2014Summary only. Only limited summary data is available for this year.$13.3$11.8$1.52$3.30$3.25$0.05
2013Summary only. Only limited summary data is available for this year.$13.2$11.8$1.47$3.56$3.27$0.30
2012Summary only. Only limited summary data is available for this year.$11.8$10.6$1.17$5.41$6.30$0.90