Civic Intelligence

Rural Nevada Development Corporation

990 • Fiscal year 2018 • EIN 88-0280033

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

Organization ProfileN/A
1320 East Aultman StreetEly, NV 89301

(775) 289-8519

Siviq Scores

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

Liabilities / Assets

88th percentile

0.86x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

3.22x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

52nd percentile

2.5%

Faster asset growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

30%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$13,660,797

Up $336,450 (+2.5%) from 2017

Net Assets

Up

$1,963,546

Up $745,212 (+61%) from 2017

Liabilities

Down

$11,697,251

Down $408,762 (-3.4%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin78th percentile

Revenue

Up

$3,633,298

Up $846,800 (+30%) from 2017

Expenses

Up

$2,888,086

Up $229,044 (+8.6%) from 2017

Net Income

Up

$745,212

Up $617,756 (+485%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

2018

Assets$13,660,797
Liabilities$11,697,251
Net Assets$1,963,546
Open 2018 Filing

Operations Trend

Revenue Growth84th percentile

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

2018

Revenue$3,633,298
Expenses$2,888,086
Net Income$745,212
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$3,633,298
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$6,166,492$6,596,824▲ $430,332
Investments Other Securities$4,984,556$5,028,687▲ $44,131
Cash and Non-Interest-Bearing Accounts$1,577,612$1,525,316▼ $52,296
Land, Buildings, and Equipment, Net$312,895$359,345▲ $46,450
Pledges and Grants Receivable$256,934$129,616▼ $127,318
Accounts Receivable$22,799$13,806▼ $8,993
Prepaid Expenses and Deferred Charges$3,059$7,203▲ $4,144
Total Assets$13,324,347$13,660,797▲ $336,450
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,943,361$11,596,043▼ $347,318
Other Liabilities$49,521$64,137▲ $14,616
Accounts Payable and Accrued Expenses$107,366$33,301▼ $74,065
Deferred Revenue$5,765$3,770▼ $1,995
Total Liabilities$12,106,013$11,697,251▼ $408,762
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,994,656$2,144,156▲ $149,500
Unrestricted Net Assets$-776,322$-180,610▲ $595,712
Total Net Assets Fund Balance$1,218,334$1,963,546▲ $745,212
Total Liabilities and Net Assets / Fund Balance$13,324,347$13,660,797▲ $336,450

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$281,302$75,734$357,036
Equipment$78,043$62,620$140,663
Other Securities$5,028,687--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Mary KernerCEOFT$102,602$102,602

Board Members and Trustees

NameTitle
Jerry MartinBoard Chair
Cherrie GeorgeDirector
Danny BensonDirector
Edward VentoDirector
James UtterbackDirector
Janis WoodDirector
Kathy HalbardierDirector
Kenna AlmbergDirector
Lisa GeorgeDirector
Scooter MentaberryDirector
Shirley Kellerman1st Vice CHA
Trish Rippie2nd Vice CHA
Joni EastleySecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,712,334
Program Service Revenue
$1,462,004
Investment Income
$458,960
Other Revenue
$0
Change in Net Assets
$745,212

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,633,298
Total Revenue per Audited Statements
$3,633,298
Total Revenue per Form 990
$3,633,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,358,635
Salaries, Compensation, and Employee Benefits$529,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$399,541$20,852-$420,393
Interest$266,088$8,118-$274,206
Fees for Services Legal$231,730$11,230-$242,960
Depreciation Depletion$149,376$22,401-$171,777
Current Officers, Directors, Trustees, and Key Employees$85,130$23,928-$109,058
Insurance$44,384$11,417-$55,801
All Other Expenses$41,691$4,709-$46,400
Other Expenses$6,098$33,799-$39,897
Office Expenses$19,929$3,650-$23,579
Travel$14,746$4,806-$19,552
Advertising$3,033$5,236-$8,269
Occupancy$4,990$277-$5,267
Total Functional Expenses$2,719,461$168,625$0$2,888,086

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,888,086
Total Expenses per Audited Statements$2,888,086
Total Expenses per Form 990$2,888,086
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$30,676
Interest Payable$17,532
Compensated Absences Payable$15,929
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
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Kerner
Formed
1982
Legal Domicile
Nv
Voting Board Members
13
Independent Board Members
13
Employees
7

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/LandBldgEquipCostOrOtherBssAmt0497699
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011943361
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011596043
IRS990/NetAssetsOrFundBalancesBOYAmt01218334
IRS990/NetAssetsOrFundBalancesEOYAmt01963546
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt011500
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt011500
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0277
IRS990/OccupancyGrp/ProgramServicesAmt04990
IRS990/OccupancyGrp/TotalAmt05267
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03650
IRS990/OfficeExpensesGrp/ProgramServicesAmt019929
IRS990/OfficeExpensesGrp/TotalAmt023579
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONSTRUCTION
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0-1213
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118478
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2937
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt333799
IRS990/OtherExpensesGrp/ProgramServicesAmt01147427
IRS990/OtherExpensesGrp/ProgramServicesAmt1179370
IRS990/OtherExpensesGrp/ProgramServicesAmt2125928
IRS990/OtherExpensesGrp/ProgramServicesAmt36098
IRS990/OtherExpensesGrp/TotalAmt01146214
IRS990/OtherExpensesGrp/TotalAmt1197848
IRS990/OtherExpensesGrp/TotalAmt2126865
IRS990/OtherExpensesGrp/TotalAmt339897
IRS990/OtherLiabilitiesGrp/BOYAmt049521
IRS990/OtherLiabilitiesGrp/EOYAmt064137
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020852
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0399541
IRS990/OtherSalariesAndWagesGrp/TotalAmt0420393
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06166492
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06596824
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0256934
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0129616
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03059
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07203
IRS990/PrincipalOfficerNm0MARY KERNER
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/RelatedOrExemptFuncIncomeAmt01055467
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1309756
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt296781
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01055467
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1309756
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt296781
IRS990/ProgSrvcAccomActy2Grp/Desc0THE INTERMEDIARY RELENDING PROGRAM PROVIDED LOANS TO RURAL BUSINESSES WHO HAVE NOT BEEN ABLE TO OBTAIN LOANS FROM COMMERCIAL LENDERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0328149
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0447460
IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING WEATHERIZATION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0567424
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01001452
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01055467
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01037525
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0401768
IRS990/PYOtherExpensesAmt02139105
IRS990/PYProgramServiceRevenueAmt01347205
IRS990/PYRevenuesLessExpensesAmt0127456
IRS990/PYSalariesCompEmpBnftPaidAmt0519937
IRS990/PYTotalExpensesAmt02659042
IRS990/PYTotalRevenueAmt02786498
IRS990/ReconcilationRevenueExpnssAmt0745212
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0418037
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INVESTMENT INCOME 417,718
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01712334
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01037525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0687767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01025482
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01757847
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06220955
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0447460
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0401768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0457274
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0441468
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01747970
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07569011
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0417718
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0417718
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74180
IRS990ScheduleA/PublicSupportPY170Pct00.76110
IRS990ScheduleA/PublicSupportTotal170Amt06220955
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01712334
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01037525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0687767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01025482
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01757847
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06220955
IRS990ScheduleA/TotalSupportAmt08386643
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0281302
IRS990ScheduleD/BuildingsGrp/DepreciationAmt075734
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0357036
IRS990ScheduleD/EquipmentGrp/BookValueAmt078043
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062620
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0140663
IRS990ScheduleD/ExpensesSubtotalAmt02888086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030676
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05028687
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueSubtotalAmt03633298
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0359345
IRS990ScheduleD/TotalBookValueSecuritiesAmt05028687
IRS990ScheduleD/TotalExpensesPerForm990Amt02888086
IRS990ScheduleD/TotalLiabilityAmt064137
IRS990ScheduleD/TotalRevenuePerForm990Amt03633298
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03633298
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02888086
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/BOYAmt01994656
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02144156
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013324347
IRS990/TotalAssetsEOYAmt013660797
IRS990/TotalAssetsGrp/BOYAmt013324347
IRS990/TotalAssetsGrp/EOYAmt013660797
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01712334
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168625
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02719461

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,660,797
Liabilities
$11,697,251
Net assets
$1,963,546
Revenue
$3,633,298
Expenses
$2,888,086
Net income
$745,212
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