Civic Intelligence

Rural Nevada Development Corporation

990 • Fiscal year 2021 • EIN 88-0280033

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 19, 2021

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

76th percentile

0.51x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.97x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

38th percentile

$140,774

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

94th percentile

80%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

564%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$21,547,293

Up $9,590,773 (+80%) from 2020

Net Assets

Up

$10,638,819

Up $8,593,131 (+420%) from 2020

Liabilities

Up

$10,908,474

Up $997,642 (+10%) from 2020

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin96th percentile

Revenue

Up

$11,283,329

Up $9,584,907 (+564%) from 2020

Expenses

Up

$2,097,882

Up $391,233 (+23%) from 2020

Net Income

Up

$9,185,447

Up $9,193,674 (+111750%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2021

Assets$21,547,293
Liabilities$10,908,474
Net Assets$10,638,819
Open 2021 Filing

Operations Trend

Revenue Growth98th 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

2021

Revenue$11,283,329
Expenses$2,097,882
Net Income$9,185,447
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 19, 2021
Return Version
2020v4.0
Gross Receipts
$11,283,329
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$6,759,345$14,388,319▲ $7,628,974
Savings and Temporary Cash Investments$2,044,637$3,917,498▲ $1,872,861
Cash and Non-Interest-Bearing Accounts$413,338$467,706▲ $54,368
Land, Buildings, and Equipment, Net$308,186$277,796▼ $30,390
Pledges and Grants Receivable$81,723$218,036▲ $136,313
Prepaid Expenses and Deferred Charges$1,519$1,557▲ $38
Accounts Receivable$41,937$363▼ $41,574
Total Assets$11,956,520$21,547,293▲ $9,590,773
Other Assets Total$2,305,835$2,276,018▼ $29,817
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,848,416$10,845,492▲ $997,076
Other Liabilities$48,522$47,876▼ $646
Accounts Payable and Accrued Expenses$9,439$9,918▲ $479
Deferred Revenue$4,455$5,188▲ $733
Total Liabilities$9,910,832$10,908,474▲ $997,642
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,650,854$9,987,608▲ $8,336,754
Net Assets Without Donor Restrictions$394,834$651,211▲ $256,377
Total Net Assets Fund Balance$2,045,688$10,638,819▲ $8,593,131
Total Liabilities and Net Assets / Fund Balance$11,956,520$21,547,293▲ $9,590,773

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$249,472$107,564$357,036
Equipment$28,324$112,730$141,054
Other Assets Org$21,228--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary KernerCEOFT$129,478$11,296$140,774

Board Members and Trustees

NameTitle
Jerry MartinChair
Danny BensonDirector
Edward VentoDirector
James UtterbackDirector
Kathy HalbardierDirector
Rachel DahlDirector
Trish Rippie1st Vice CHA
Joni Eastley2nd Vice CHA
Kenna AlmbergSec./treas
Revenue and Support

Revenue Composition

Contributions and Grants
$10,317,851
Program Service Revenue
$416,466
Investment Income
$549,012
Other Revenue
$0
All Other Contributions
$5,487,662
Change in Net Assets
$9,185,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,283,329
Total Revenue per Audited Statements
$11,283,329
Total Revenue per Form 990
$11,283,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,419,714
Salaries, Compensation, and Employee Benefits$678,168
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$320,066$109,393-$429,459
Fees for Services Other$195,482--$195,482
Current Officers, Directors, Trustees, and Key Employees$107,940$37,533-$145,473
Interest$125,340--$125,340
Depreciation Depletion$54,223$30,390-$84,613
Advertising$67,999$1,378-$69,377
Other Employee Benefits$42,032$14,409-$56,441
Payroll Taxes$29,671$10,183-$39,854
Insurance$19,151$17,599-$36,750
Fees for Services Management$29,376--$29,376
Other Expenses$21,425$6,156-$27,581
Fees for Services Accounting$17,700$5,792-$23,492
All Other Expenses$13,941$5,532-$19,473
Office Expenses$6,822$5,731-$12,553
Fees for Services Legal$8,218$655-$8,873
Pension Plan Contributions$5,183$1,758-$6,941
Travel$5,132--$5,132
Occupancy$2,400$221-$2,621
Total Functional Expenses$1,808,731$289,151$0$2,097,882

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,690,198
Total Expenses per Audited Statements$2,690,198
Total Expenses per Form 990$2,097,882
Expenses Not Reported on Financial Statements$-592,316
Other Expense Adjustments$-592,316
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$34,130
Compensated Absences Payable$9,446
Security Deposits$4,300
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
2021-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Kerner
Formed
1982
Legal Domicile
Nv
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
9

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 -592,316”

Financial Statement Notes

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

“Recovery of bad debt exp, part viii, ln 2a -592,316”

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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/OfficeExpensesGrp/TotalAmt012553
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt056441
IRS990/OtherExpensesGrp/Desc0CONSTRUCTION
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3UTILITIES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt125869
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26156
IRS990/OtherExpensesGrp/ProgramServicesAmt0712048
IRS990/OtherExpensesGrp/ProgramServicesAmt121877
IRS990/OtherExpensesGrp/ProgramServicesAmt22705
IRS990/OtherExpensesGrp/ProgramServicesAmt321425
IRS990/OtherExpensesGrp/TotalAmt0712048
IRS990/OtherExpensesGrp/TotalAmt138429
IRS990/OtherExpensesGrp/TotalAmt228574
IRS990/OtherExpensesGrp/TotalAmt327581
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0429459
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010183
IRS990/PayrollTaxesGrp/ProgramServicesAmt029671
IRS990/PayrollTaxesGrp/TotalAmt039854
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01758
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05183
IRS990/PensionPlanContributionsGrp/TotalAmt06941
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01519
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01557
IRS990/PrincipalOfficerNm0MARY KERNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FEES
IRS990/ProgramServiceRevenueGrp/Desc1MULTI-FAMILY HOUSING
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1142330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0274136
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1142330
IRS990/ProgSrvcAccomActy2Grp/Desc0THE INTERMEDIARY RELENDING PROGRAM PROVIDED LOANS TO RURAL BUSINESSES WHO HAVE NOT BEEN ABLE TO OBTAIN LOANS FROM COMMERCIAL LENDERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0668250
IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING WEATHERIZATION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0754311
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0231262
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0142330
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0472102
IRS990/PYOtherExpensesAmt01115442
IRS990/PYProgramServiceRevenueAmt0449599
IRS990/PYRevenuesLessExpensesAmt0-8227
IRS990/PYSalariesCompEmpBnftPaidAmt0591207
IRS990/PYTotalExpensesAmt01706649
IRS990/PYTotalRevenueAmt01698422
IRS990/ReconcilationRevenueExpnssAmt09185447
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0274136
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02044637
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03917498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010317851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0776721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0620086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01712334
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01037525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014464517
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0549012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0472102
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0454502
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0447460
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0401768
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02324844
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03542842
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86150
IRS990ScheduleA/PublicSupportPY170Pct00.68400
IRS990ScheduleA/PublicSupportTotal170Amt014464517
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010317851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0776721
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01712334
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01037525
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014464517
IRS990ScheduleA/TotalSupportAmt016789361
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0249472
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0107564
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0357036
IRS990ScheduleD/EquipmentGrp/BookValueAmt028324
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0112730
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141054
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-592316
IRS990ScheduleD/ExpensesSubtotalAmt02690198
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02254790
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt121228
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MULTI-FAMILY HOUSING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-592316
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt011283329
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A -592,316
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0277796
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02276018
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IRS990ScheduleD/TotalLiabilityAmt047876
IRS990ScheduleD/TotalRevenuePerForm990Amt011283329
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011283329
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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 -592,316
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
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt021547293
IRS990/TotalAssetsGrp/BOYAmt011956520
IRS990/TotalAssetsGrp/EOYAmt021547293
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IRS990/TotalEmployeeCnt011
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0289151
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01808731
IRS990/TotalFunctionalExpensesGrp/TotalAmt02097882
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09910832
IRS990/TotalLiabilitiesEOYAmt010908474

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,547,293
Liabilities
$10,908,474
Net assets
$10,638,819
Revenue
$11,283,329
Expenses
$2,097,882
Net income
$9,185,447
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