Civic Intelligence

Rural Nevada Development Corporation

990 • Fiscal year 2022 • EIN 88-0280033

Jul 01, 2021 to Jun 30, 2022 • Filed on Sep 06, 2022

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

71st percentile

0.45x

Higher debt load relative to assets than 71% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

2.09x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

21st percentile

$145,418

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

81st percentile

18%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-51%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$25,484,515

Up $3,937,222 (+18%) from 2021

Net Assets

Up

$13,951,127

Up $3,312,308 (+31%) from 2021

Liabilities

Up

$11,533,388

Up $624,914 (+5.7%) from 2021

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin93rd percentile

Revenue

Down

$5,521,868

Down $5,761,461 (-51%) from 2021

Expenses

Down

$2,016,110

Down $81,772 (-3.9%) from 2021

Net Income

Down

$3,505,758

Down $5,679,689 (-62%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2022

Assets$25,484,515
Liabilities$11,533,388
Net Assets$13,951,127
Open 2022 Filing

Operations Trend

Revenue Growth6th 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

2022

Revenue$5,521,868
Expenses$2,016,110
Net Income$3,505,758
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Sep 6, 2022
Return Version
2021v4.0
Gross Receipts
$5,521,868
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$14,388,319$16,958,443▲ $2,570,124
Savings and Temporary Cash Investments$3,917,498$5,200,717▲ $1,283,219
Cash and Non-Interest-Bearing Accounts$467,706$476,980▲ $9,274
Land, Buildings, and Equipment, Net$277,796$361,997▲ $84,201
Pledges and Grants Receivable$218,036$248,860▲ $30,824
Accounts Receivable$363$31,855▲ $31,492
Prepaid Expenses and Deferred Charges$1,557$5,558▲ $4,001
Total Assets$21,547,293$25,484,515▲ $3,937,222
Other Assets Total$2,276,018$2,200,105▼ $75,913
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,845,492$11,371,593▲ $526,101
Accounts Payable and Accrued Expenses$9,918$85,761▲ $75,843
Other Liabilities$47,876$52,700▲ $4,824
Deferred Revenue$5,188$23,334▲ $18,146
Total Liabilities$10,908,474$11,533,388▲ $624,914
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,987,608$13,215,052▲ $3,227,444
Net Assets Without Donor Restrictions$651,211$736,075▲ $84,864
Total Net Assets Fund Balance$10,638,819$13,951,127▲ $3,312,308
Total Liabilities and Net Assets / Fund Balance$21,547,293$25,484,515▲ $3,937,222

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$348,275$119,703$467,978
Equipment$13,722$127,332$141,054
Land$55,328-$55,328
Other Assets Org$2,200,105--
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary KernerCEOFT$133,934$11,484$145,418

Board Members and Trustees

NameTitle
Jerry MartinChair
Danny BensonDirector
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
$4,480,822
Program Service Revenue
$328,563
Investment Income
$712,483
Other Revenue
$0
All Other Contributions
$1,309,085
Change in Net Assets
$3,505,758

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,521,868
Total Revenue per Audited Statements
$5,521,868
Total Revenue per Form 990
$5,521,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,357,003
Salaries, Compensation, and Employee Benefits$659,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$332,305$68,069-$400,374
Current Officers, Directors, Trustees, and Key Employees$127,334$28,409-$155,743
Interest$151,386--$151,386
Advertising$145,356$3,277-$148,633
Fees for Services Other$141,717--$141,717
Depreciation Depletion$54,223$26,741-$80,964
Other Employee Benefits$45,852$9,500-$55,352
Insurance$18,468$21,621-$40,089
Payroll Taxes$30,732$6,442-$37,174
Fees for Services Accounting$17,269$13,131-$30,400
Fees for Services Management$29,376--$29,376
All Other Expenses$21,674$7,096-$28,770
Other Expenses$1,430$24,354-$25,784
Office Expenses$6,229$5,408-$11,637
Pension Plan Contributions$8,670$1,794-$10,464
Travel$3,471$1,754-$5,225
Fees for Services Legal$4,989--$4,989
Occupancy$2,400$218-$2,618
Total Functional Expenses$1,788,221$227,889$0$2,016,110

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,209,560
Total Expenses per Audited Statements$2,209,560
Total Expenses per Form 990$2,016,110
Expenses Not Reported on Financial Statements$-193,450
Other Expense Adjustments$-193,450
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$44,449
Security Deposits$4,200
Compensated Absences Payable$4,051
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
2022-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Kerner
Formed
1992
Legal Domicile
Nv
Voting Board Members
8
Independent Board Members
8
Employees
13
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 -193,450”

Financial Statement Notes

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

“Recovery of bad debt exp, part viii, ln 2a -193,450”

Raw XML AppendixShowing 400 of 454 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt09918
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt085761
IRS990/AccountsReceivableGrp/BOYAmt0363
IRS990/AccountsReceivableGrp/EOYAmt031855
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ECONOMIC DEVELOPMENT SERVICES
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03277
IRS990/AdvertisingGrp/ProgramServicesAmt0145356
IRS990/AdvertisingGrp/TotalAmt0148633
IRS990/AllOtherContributionsAmt01309085
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07096
IRS990/AllOtherExpensesGrp/ProgramServicesAmt021674
IRS990/AllOtherExpensesGrp/TotalAmt028770
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0MARY KERNER CEO
IRS990/BooksInCareOfDetail/PhoneNum07752898519
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01320 EAST AULTMAN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ELY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NV
IRS990/BooksInCareOfDetail/USAddress/ZIPCd089301
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0467706
IRS990/CashNonInterestBearingGrp/EOYAmt0476980
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt028409
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0127334
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0155743
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04480822
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0712483
IRS990/CYOtherExpensesAmt01357003
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0328563
IRS990/CYRevenuesLessExpensesAmt03505758
IRS990/CYSalariesCompEmpBnftPaidAmt0659107
IRS990/CYTotalExpensesAmt02016110
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05521868
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt05188
IRS990/DeferredRevenueGrp/EOYAmt023334
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt026741
IRS990/DepreciationDepletionGrp/ProgramServicesAmt054223
IRS990/DepreciationDepletionGrp/TotalAmt080964
IRS990/Desc0HOUSING REHAB & DEVELOPMENT - PROVIDED FUNDING FOR REHAB TO LOW INCOME HOMEOWNERS AS DETERMINED BY DEPARTMENT OF AGRICULTURE & HUD.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt09987608
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt013215052
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0319525
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013131
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt017269
IRS990/FeesForServicesAccountingGrp/TotalAmt030400
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04989
IRS990/FeesForServicesLegalGrp/TotalAmt04989
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt029376
IRS990/FeesForServicesManagementGrp/TotalAmt029376
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0141717
IRS990/FeesForServicesOtherGrp/TotalAmt0141717
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt011484
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0MARY KERNER
IRS990/Form990PartVIISectionAGrp/PersonNm1JERRY MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm2TRISH RIPPIE
IRS990/Form990PartVIISectionAGrp/PersonNm3JONI EASTLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4KENNA ALMBERG
IRS990/Form990PartVIISectionAGrp/PersonNm5DANNY BENSON
IRS990/Form990PartVIISectionAGrp/PersonNm6RACHEL DAHL
IRS990/Form990PartVIISectionAGrp/PersonNm7KATHY HALBARDIER
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES UTTERBACK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0133934
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt21ST VICE CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt32ND VICE CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt4SEC./TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt03171737
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05521868
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt021621
IRS990/InsuranceGrp/ProgramServicesAmt018468
IRS990/InsuranceGrp/TotalAmt040089
IRS990/InterestGrp/ProgramServicesAmt0151386
IRS990/InterestGrp/TotalAmt0151386
IRS990/InvestmentIncomeGrp/ExclusionAmt0712483
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0712483
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0247035
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0277796
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0361997
IRS990/LandBldgEquipCostOrOtherBssAmt0609032
IRS990/LegalDomicileStateCd0NV
IRS990/LoanOutstandingInd0false
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/BOYAmt010845492
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011371593
IRS990/NetAssetsOrFundBalancesBOYAmt010638819
IRS990/NetAssetsOrFundBalancesEOYAmt013951127
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0651211
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0736075
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0218
IRS990/OccupancyGrp/ProgramServicesAmt02400
IRS990/OccupancyGrp/TotalAmt02618
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05408
IRS990/OfficeExpensesGrp/ProgramServicesAmt06229
IRS990/OfficeExpensesGrp/TotalAmt011637
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02276018
IRS990/OtherAssetsTotalGrp/EOYAmt02200105
IRS990/OtherChangesInNetAssetsAmt0-193450
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09500
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt045852
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055352
IRS990/OtherExpensesGrp/Desc0CONSTRUCTION
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0874
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13329
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25872
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt324354
IRS990/OtherExpensesGrp/ProgramServicesAmt0582585
IRS990/OtherExpensesGrp/ProgramServicesAmt139530
IRS990/OtherExpensesGrp/ProgramServicesAmt223225
IRS990/OtherExpensesGrp/ProgramServicesAmt31430
IRS990/OtherExpensesGrp/TotalAmt0583459
IRS990/OtherExpensesGrp/TotalAmt142859
IRS990/OtherExpensesGrp/TotalAmt229097
IRS990/OtherExpensesGrp/TotalAmt325784
IRS990/OtherLiabilitiesGrp/BOYAmt047876
IRS990/OtherLiabilitiesGrp/EOYAmt052700
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068069
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0332305
IRS990/OtherSalariesAndWagesGrp/TotalAmt0400374
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt014388319
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt016958443
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06442
IRS990/PayrollTaxesGrp/ProgramServicesAmt030732
IRS990/PayrollTaxesGrp/TotalAmt037174
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01794
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08670
IRS990/PensionPlanContributionsGrp/TotalAmt010464
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0218036
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0248860
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01557
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05558
IRS990/PrincipalOfficerNm0MARY KERNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FEES
IRS990/ProgramServiceRevenueGrp/Desc1MULTI-FAMILY HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0180479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1148084
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0180479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1148084
IRS990/ProgSrvcAccomActy2Grp/Desc0THE INTERMEDIARY RELENDING PROGRAM PROVIDED LOANS TO RURAL BUSINESSES WHO HAVE NOT BEEN ABLE TO OBTAIN LOANS FROM COMMERCIAL LENDERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0758389
IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING WEATHERIZATION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0462599
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0247708
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0148084
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt010317851
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0549012
IRS990/PYOtherExpensesAmt01419714
IRS990/PYProgramServiceRevenueAmt0416466
IRS990/PYRevenuesLessExpensesAmt09185447
IRS990/PYSalariesCompEmpBnftPaidAmt0678168
IRS990/PYTotalExpensesAmt02097882
IRS990/PYTotalRevenueAmt011283329
IRS990/ReconcilationRevenueExpnssAmt03505758
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0180479
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03917498
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05200717
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04480822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010317851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0776721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0620086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01712334
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017907814
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0712483
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0549012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0472102
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0454502
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0447460
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02635559
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03871405
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87170
IRS990ScheduleA/PublicSupportPY170Pct00.86150
IRS990ScheduleA/PublicSupportTotal170Amt017907814
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04480822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010317851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0776721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0620086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01712334
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt017907814
IRS990ScheduleA/TotalSupportAmt020543373
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0348275
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0119703
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0467978
IRS990ScheduleD/EquipmentGrp/BookValueAmt013722
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127332
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141054
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-193450
IRS990ScheduleD/ExpensesSubtotalAmt02209560
IRS990ScheduleD/LandGrp/BookValueAmt055328
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055328
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02200105
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MULTI-FAMILY HOUSING
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-193450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24051
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt05521868
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A -193,450
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0417325
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02200105
IRS990ScheduleD/TotalExpensesPerForm990Amt02016110
IRS990ScheduleD/TotalLiabilityAmt052700
IRS990ScheduleD/TotalRevenuePerForm990Amt05521868
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05521868
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02209560
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/ExplanationTxt4RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A -193,450
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
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt021547293
IRS990/TotalAssetsEOYAmt025484515
IRS990/TotalAssetsGrp/BOYAmt021547293
IRS990/TotalAssetsGrp/EOYAmt025484515
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04480822
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0227889
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01788221
IRS990/TotalFunctionalExpensesGrp/TotalAmt02016110
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010908474
IRS990/TotalLiabilitiesEOYAmt011533388
IRS990/TotalLiabilitiesGrp/BOYAmt010908474
IRS990/TotalLiabilitiesGrp/EOYAmt011533388
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010638819
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013951127
IRS990/TotalOtherCompensationAmt011484
IRS990/TotalOtherProgSrvcExpenseAmt0247708
IRS990/TotalOtherProgSrvcRevenueAmt0148084

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,484,515
Liabilities
$11,533,388
Net assets
$13,951,127
Revenue
$5,521,868
Expenses
$2,016,110
Net income
$3,505,758
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