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Nonprofiteer
← RMA HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by RMA HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$255,167
Total expenses
$446,936
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$254,026
Investment income
$0
Other revenue
$1,141
Total assets, end of year
$2,602,387
Total liabilities, end of year
$2,794,156
Net assets or fund balances, end of year
-$191,769
Program services expenses (Part IX)
$446,936
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$446,936

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM RENTAL INCOME

    total $254,026 · related or exempt $254,026

  • 11a · Other revenue: MISCELLANOUS REVENUE

    total $1,141 · related or exempt $1,141

  • 11e · Other revenue, total

    $1,141

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $988 · program services $988

  • 11g · Fees: other

    total $55,090 · program services $55,090

  • 12 · Advertising and promotion

    total $140 · program services $140

  • 13 · Office expenses

    total $14,862 · program services $14,862

  • 16 · Occupancy

    total $103,186 · program services $103,186

  • 20 · Interest

    total $100,510 · program services $100,510

  • 22 · Depreciation, depletion and amortization

    total $114,765 · program services $114,765

  • 23 · Insurance

    total $13,417 · program services $13,417

  • 24a · Other expenses: EQUIPMENT RENTAL AND MA

    total $22,426 · program services $22,426

  • 24b · Other expenses: CREDIT LOSS

    total $18,502 · program services $18,502

  • 24c · Other expenses: CLIENT SUPPORT

    total $1,600 · program services $1,600

  • 24d · Other expenses: MISCELLANOUS

    total $1,450 · program services $1,450

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,000 · end of year $389,568

  • 4 · Accounts receivable

    end of year $9,768

  • 10a · Land, buildings and equipment: cost or other basis

    $2,316,679

  • 10b · Land, buildings and equipment: accumulated depreciation

    $115,078

  • 10c · Land, buildings and equipment, net

    beginning of year $50,000 · end of year $2,201,601

  • 15 · Other assets

    beginning of year $0 · end of year $1,450

  • 25 · Other liabilities

    beginning of year $215,000 · end of year $2,794,156

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year -$191,769

Mission and programs · 2024

Mission

WE PUT LOVE INTO ACTION THROUGH DEVELOPING, MANAGING, FINANCING, FOSTERING, AND PROVIDING ACCESS TO AFFORDABLE HOUSING FOR THE POOR AND DISTRESSED.

  • WE PUT LOVE INTO ACTION THROUGH DEVELOPING, MANAGING, FINANCING, FOSTERING, AND PROVIDING ACCESS TO AFFORDABLE HOUSING FOR THE POOR AND DISTRESSED. FOR 2025, THIS INCLUDED THE POLK STREET APARTMENTS WITH A MONTHLY AVERAGE CENSUS OF 36.

    Expenses $446,936 · Revenue $255,167

As filed on the 2024 return.

Listed in Part VII

  • JOHN MCCABE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • CHRISTOPHER GARDNER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ANDREW MAXWELL

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DANIEL SIEBURG

    PRESIDENT & CEO

    Total calculated
    $291,134
    From this org
    $0
    From related orgs
    $264,710
    Other
    $26,424
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,710 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,665 related
    Nontaxable benefits
    $0 + $15,759 related
    Filer's total
    $0 + $291,134 related

  • TRACI BARBER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $176,312
    From this org
    $0
    From related orgs
    $142,615
    Other
    $33,697
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,615 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,185 related
    Nontaxable benefits
    $0 + $27,512 related
    Filer's total
    $0 + $176,312 related

  • CRYSTAL COSENTINO

    CHIEF STRATEGY OFFICER

    Total calculated
    $151,376
    From this org
    $0
    From related orgs
    $118,719
    Other
    $32,657
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,719 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,145 related
    Nontaxable benefits
    $0 + $27,512 related
    Filer's total
    $0 + $151,376 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202601049349301505

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