Civic Intelligence

Rural Nevada Development Corporation

990 • Fiscal year 2024 • EIN 88-0280033

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 07, 2024

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

68th percentile

0.42x

Higher debt load relative to assets than 68% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.45x

Higher debt load relative to revenue than 89% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

26th percentile

$173,161

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$32,634,809

Up $4,183,371 (+15%) from 2023

Net Assets

Up

$18,987,871

Up $2,395,008 (+14%) from 2023

Liabilities

Up

$13,646,938

Up $1,788,363 (+15%) from 2023

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin89th percentile

Revenue

Up

$5,567,728

Up $655,130 (+13%) from 2023

Expenses

Up

$2,887,421

Up $810,809 (+39%) from 2023

Net Income

Down

$2,680,307

Down $155,679 (-5.5%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2024

Assets$32,634,809
Liabilities$13,646,938
Net Assets$18,987,871
Open 2024 Filing

Operations Trend

Revenue Growth61st 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

2024

Revenue$5,567,728
Expenses$2,887,421
Net Income$2,680,307
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 7, 2024
Return Version
2023v5.1
Gross Receipts
$5,567,728
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$19,539,194$23,941,792▲ $4,402,598
Savings and Temporary Cash Investments$5,350,685$5,177,358▼ $173,327
Cash and Non-Interest-Bearing Accounts$464,559$642,839▲ $178,280
Pledges and Grants Receivable$237,672$416,022▲ $178,350
Land, Buildings, and Equipment, Net$354,255$336,891▼ $17,364
Accounts Receivable$390,986$76,216▼ $314,770
Prepaid Expenses and Deferred Charges$1,965$5,199▲ $3,234
Total Assets$28,451,438$32,634,809▲ $4,183,371
Other Assets Total$2,112,122$2,038,492▼ $73,630
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,717,671$12,730,820▲ $1,013,149
Deferred Revenue$35,876$651,213▲ $615,337
Accounts Payable and Accrued Expenses$48,142$195,424▲ $147,282
Other Liabilities$56,886$69,481▲ $12,595
Total Liabilities$11,858,575$13,646,938▲ $1,788,363
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,430,718$17,676,730▲ $2,246,012
Net Assets Without Donor Restrictions$1,162,145$1,311,141▲ $148,996
Total Net Assets Fund Balance$16,592,863$18,987,871▲ $2,395,008
Total Liabilities and Net Assets / Fund Balance$28,451,438$32,634,809▲ $4,183,371

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$267,682$144,968$412,650
Equipment$13,881$133,569$147,450
Land$55,328-$55,328
Other Assets Org$2,038,492--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary KernerCEOFT$158,410$14,751$173,161

Board Members and Trustees

NameTitle
Jerry MartinChair
Trish Rippie1st Vice Chair
Joni Eastley2nd Vice Chair
Danny BensonDirector
James UtterbackDirector
Kathy HalbardierDirector
Kenna AlmbergSec./treas
Revenue and Support

Revenue Composition

Contributions and Grants
$4,112,161
Program Service Revenue
$350,745
Investment Income
$1,104,822
Other Revenue
$0
All Other Contributions
$2,429,593
Change in Net Assets
$2,680,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,567,728
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,567,728
Total Revenue per Form 990
$5,567,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,100,869
Salaries, Compensation, and Employee Benefits$786,552
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$390,813$97,122-$487,935
Advertising$184,039$3,735-$187,774
Interest$182,346$1,941-$184,287
Current Officers, Directors, Trustees, and Key Employees$117,180$41,230-$158,410
Fees for Services Other$126,246--$126,246
Other Employee Benefits$57,111$15,554-$72,665
Depreciation Depletion$54,223$17,364-$71,587
Payroll Taxes$42,521$11,581-$54,102
Insurance$30,529$18,857-$49,386
All Other Expenses$19,043$15,668-$34,711
Fees for Services Accounting$25,097$9,153-$34,250
Other Expenses$1,679$29,325-$31,004
Fees for Services Management$29,376--$29,376
Pension Plan Contributions$10,563$2,877-$13,440
Office Expenses$5,905$5,202-$11,107
Travel$10,543$341-$10,884
Occupancy$5,038$1,200-$6,238
Fees for Services Legal$525--$525
Total Functional Expenses$2,607,523$279,898$0$2,887,421

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,172,719
Total Expenses per Audited Statements$3,172,719
Total Expenses per Form 990$2,887,421
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-285,298
Other Expense Adjustments$-285,298
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$55,755
Compensated Absences Payable$9,126
Security Deposits$4,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Part VI, Section B, Line 11B

“Organization's process to review form 990 copy was provided to governing body”

Form 990, Part VI, Section C, 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
2024-10-07
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
7

Preparer

Firm
Hintonburdick Pllc
Address
63 SOUTH 300 EAST SUITE 100, ST GEORGE, UT 84770
Preparer
Steve Palmer CPA
Phone
8885661277
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“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, PART XI, LINE 9:

“Recovery of bad debt exp, part viii, ln 2a -285,298.”

Financial Statement Notes

Part XII, Line 4B - Expense Amounts Included on Return - Other

“Recovery of bad debt exp, part viii, ln 2a $-285,298”

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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015554
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057111
IRS990/OtherEmployeeBenefitsGrp/TotalAmt072665
IRS990/OtherExpensesGrp/Desc0CONSTRUCTION
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt072
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13206
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25470
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt329325
IRS990/OtherExpensesGrp/ProgramServicesAmt01211766
IRS990/OtherExpensesGrp/ProgramServicesAmt176464
IRS990/OtherExpensesGrp/ProgramServicesAmt226516
IRS990/OtherExpensesGrp/ProgramServicesAmt31679
IRS990/OtherExpensesGrp/TotalAmt01211838
IRS990/OtherExpensesGrp/TotalAmt179670
IRS990/OtherExpensesGrp/TotalAmt231986
IRS990/OtherExpensesGrp/TotalAmt331004
IRS990/OtherLiabilitiesGrp/BOYAmt056886
IRS990/OtherLiabilitiesGrp/EOYAmt069481
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt097122
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0390813
IRS990/OtherSalariesAndWagesGrp/TotalAmt0487935
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt019539194
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt023941792
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011581
IRS990/PayrollTaxesGrp/ProgramServicesAmt042521
IRS990/PayrollTaxesGrp/TotalAmt054102
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02877
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010563
IRS990/PensionPlanContributionsGrp/TotalAmt013440
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0237672
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0416022
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01965
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05199
IRS990/PrincipalOfficerNm0MARY KERNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FEES
IRS990/ProgramServiceRevenueGrp/Desc1MULTI-FAMILY HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0203492
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1147253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0203492
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1147253
IRS990/ProgSrvcAccomActy2Grp/Desc0THE INTERMEDIARY RELENDING PROGRAM PROVIDED LOANS TO RURAL BUSINESSES WHO HAVE NOT BEEN ABLE TO OBTAIN LOANS FROM COMMERCIAL LENDERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0673122
IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING WEATHERIZATION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0656878
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0334348
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01178645
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03790502
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0799974
IRS990/PYOtherExpensesAmt01305331
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0322122
IRS990/PYRevenuesLessExpensesAmt02835986
IRS990/PYSalariesCompEmpBnftPaidAmt0771281
IRS990/PYTotalExpensesAmt02076612
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04912598
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02680307
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0203492
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05350685
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05177358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04112161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03790502
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04480822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010317851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0776721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt023478057
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01104822
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0799974
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0712483
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0549012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0472102
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03638393
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01867495
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86580
IRS990ScheduleA/PublicSupportPY170Pct00.86990
IRS990ScheduleA/PublicSupportTotal170Amt023478057
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04112161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03790502
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04480822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt010317851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0776721
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt023478057
IRS990ScheduleA/TotalSupportAmt027116450
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0267682
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0144968
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0412650
IRS990ScheduleD/EquipmentGrp/BookValueAmt013881
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0133569
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0147450
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-285298
IRS990ScheduleD/ExpensesSubtotalAmt03172719
IRS990ScheduleD/LandGrp/BookValueAmt055328
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055328
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02038492
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MULTI-FAMILY HOUSING
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-285298
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt155755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05567728
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A $-285,298
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 4B - EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0336891
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02038492
IRS990ScheduleD/TotalExpensesPerForm990Amt02887421
IRS990ScheduleD/TotalLiabilityAmt069481
IRS990ScheduleD/TotalRevenuePerForm990Amt05567728
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05567728
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03172719
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0158410
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014751
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARY KERNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0173161
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt1ORGANIZATION'S PROCESS TO REVIEW FORM 990 COPY WAS PROVIDED TO GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE COROPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A -285,298.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,634,809
Liabilities
$13,646,938
Net assets
$18,987,871
Revenue
$5,567,728
Expenses
$2,887,421
Net income
$2,680,307
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