Civic Intelligence

Rural Nevada Development Corporation

990 • Fiscal year 2020 • EIN 88-0280033

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

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

87th percentile

0.83x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

5.84x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

33rd percentile

-0.5%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$122,853

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

42nd percentile

4.1%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-13%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$11,956,520

Up $470,366 (+4.1%) from 2019

Net Assets

Down

$2,045,688

Down $8,227 (-0.4%) from 2019

Liabilities

Up

$9,910,832

Up $478,593 (+5.1%) from 2019

Revenue

Down

$1,698,422

Down $246,694 (-13%) from 2019

Expenses

Down

$1,706,649

Down $148,098 (-8.0%) from 2019

Net Income

Down

-$8,227

Down $98,596 (-109%) from 2019

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

2020

Assets$11,956,520
Liabilities$9,910,832
Net Assets$2,045,688

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

2020

Revenue$1,698,422
Expenses$1,706,649
Net Income-$8,227
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$1,698,422
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$7,076,011$6,759,345▼ $316,666
Savings and Temporary Cash Investments$895,979$2,044,637▲ $1,148,658
Cash and Non-Interest-Bearing Accounts$447,050$413,338▼ $33,712
Land, Buildings, and Equipment, Net$329,732$308,186▼ $21,546
Pledges and Grants Receivable$175,117$81,723▼ $93,394
Accounts Receivable$200,639$41,937▼ $158,702
Prepaid Expenses and Deferred Charges$5,709$1,519▼ $4,190
Total Assets$11,486,154$11,956,520▲ $470,366
Other Assets Total$2,355,917$2,305,835▼ $50,082
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,270,464$9,848,416▲ $577,952
Other Liabilities$33,391$48,522▲ $15,131
Accounts Payable and Accrued Expenses$121,448$9,439▼ $112,009
Deferred Revenue$6,936$4,455▼ $2,481
Total Liabilities$9,432,239$9,910,832▲ $478,593
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,549,733$1,650,854▲ $101,121
Net Assets Without Donor Restrictions$504,182$394,834▼ $109,348
Total Net Assets Fund Balance$2,053,915$2,045,688▼ $8,227
Total Liabilities and Net Assets / Fund Balance$11,486,154$11,956,520▲ $470,366

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$260,082$96,954$357,036
Equipment$48,104$92,950$141,054
Other Assets Org$2,305,835--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary KernerCEOFT$112,469$10,384$122,853

Board Members and Trustees

NameTitle
Jerry MartinBoard Chair
Danny BensonDirector
Edward VentoDirector
James UtterbackDirector
Kathy HalbardierDirector
Kenna AlmbergDirector
Rachel DahlDirector
Shirley Kellerman1st Vice CHA
Trish Rippie2nd Vice CHA
Joni EastleySecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$776,721
Program Service Revenue
$449,599
Investment Income
$472,102
Other Revenue
$0
Change in Net Assets
$-8,227

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,674,587
Revenue Not Reported on Financial Statements
$23,835
Other Revenue Adjustments
$23,835
Total Revenue per Audited Statements
$1,674,587
Total Revenue per Form 990
$1,698,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,115,442
Salaries, Compensation, and Employee Benefits$591,207
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,582$121,581-$372,163
Current Officers, Directors, Trustees, and Key Employees$92,840$45,280-$138,120
Interest$116,591$70-$116,661
Fees for Services Legal$86,869$5,114-$91,983
Depreciation Depletion$57,820$30,462-$88,282
Other Employee Benefits$26,748$12,989-$39,737
Insurance$18,447$18,523-$36,970
Payroll Taxes$23,261$11,301-$34,562
All Other Expenses$3,926$24,088-$28,014
Fees for Services Accounting-$24,100-$24,100
Advertising$11,215$9,318-$20,533
Other Expenses$10,279$5,354-$15,633
Travel$8,721$4,641-$13,362
Office Expenses$5,856$4,986-$10,842
Pension Plan Contributions$4,464$2,161-$6,625
Occupancy-$413-$413
Total Functional Expenses$1,366,118$340,531$0$1,706,649

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,706,649
Expenses per Audited Statements$1,682,814
Total Expenses per Audited Statements$1,682,814
Expenses Not Reported on Financial Statements$23,835
Other Expense Adjustments$23,835
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
Interest Payable$34,387
Compensated Absences Payable$9,985
Security Deposits$4,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Kerner
Formed
1982
Legal Domicile
Nv
Voting Board Members
10
Independent Board Members
10
Employees
10
Volunteers
10

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.

Form 990, Part XI, Line 9

Recovery of bad debt exp, part viii, ln 2a -23,835 recovery of bad debt exp, part viii, ln 2a 23,835

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Recovery of bad debt exp, part viii, ln 2a 23,835

Schedule D, Page 4, Part XII, Line 4B

Recovery of bad debt exp, part viii, ln 2a 23,835

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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.
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IRS990/OtherExpensesGrp/Desc0CONSTRUCTION
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15354
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt213219
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IRS990/OtherExpensesGrp/ProgramServicesAmt119704
IRS990/OtherExpensesGrp/ProgramServicesAmt29720
IRS990/OtherExpensesGrp/ProgramServicesAmt310279
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IRS990/OtherExpensesGrp/TotalAmt125058
IRS990/OtherExpensesGrp/TotalAmt222939
IRS990/OtherExpensesGrp/TotalAmt315633
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02161
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04464
IRS990/PensionPlanContributionsGrp/TotalAmt06625
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IRS990/PrincipalOfficerNm0MARY KERNER
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IRS990/ProgramServiceRevenueGrp/Desc0OTHER
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IRS990/ProgramServiceRevenueGrp/Desc2FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1136937
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2106780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0205882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1136937
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2106780
IRS990/ProgSrvcAccomActy2Grp/Desc0THE INTERMEDIARY RELENDING PROGRAM PROVIDED LOANS TO RURAL BUSINESSES WHO HAVE NOT BEEN ABLE TO OBTAIN LOANS FROM COMMERCIAL LENDERS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt023835
IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING WEATHERIZATION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0583902
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0221594
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0136937
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0620086
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0110257
IRS990/PYOtherExpensesAmt01334157
IRS990/PYProgramServiceRevenueAmt01214773
IRS990/PYRevenuesLessExpensesAmt090369
IRS990/PYSalariesCompEmpBnftPaidAmt0520590
IRS990/PYTotalExpensesAmt01854747
IRS990/PYTotalRevenueAmt01945116
IRS990/ReconcilationRevenueExpnssAmt0-8227
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0288827
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt02044637
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0620086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01712334
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01037525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0687767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04834433
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0472102
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0454502
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0447460
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0401768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0457274
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02233106
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03126376
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IRS990ScheduleA/PublicSupportCY170Pct00.68400
IRS990ScheduleA/PublicSupportPY170Pct00.69770
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01712334
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01037525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0687767
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04834433
IRS990ScheduleA/TotalSupportAmt07067539
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0260082
IRS990ScheduleD/BuildingsGrp/DepreciationAmt096954
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0357036
IRS990ScheduleD/EquipmentGrp/BookValueAmt048104
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092950
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141054
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt023835
IRS990ScheduleD/ExpensesSubtotalAmt01682814
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02305835
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MULTI-FAMILY HOUSING
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034387
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19985
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt023835
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt023835
IRS990ScheduleD/RevenueSubtotalAmt01674587
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A 23,835
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A 23,835
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02305835
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IRS990ScheduleD/TotalLiabilityAmt048522
IRS990ScheduleD/TotalRevenuePerForm990Amt01698422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01674587
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01682814
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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/ExplanationTxt4RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A -23,835 RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A 23,835
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt011956520
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IRS990/TotalAssetsGrp/EOYAmt011956520
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0776721
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01366118
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09432239
IRS990/TotalLiabilitiesEOYAmt09910832

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Filings

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