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Nonprofiteer
← RURAL RESOURCES HOLDING

Form 990 for tax year 2023

Filed by RURAL RESOURCES HOLDING.

Totals

Total revenue
$219,360
Total expenses
$115,956
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$219,360
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,356,119
Total liabilities, end of year
$1,219,852
Net assets or fund balances, end of year
$1,136,267
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: RENT INCOME

    total $219,360 · related or exempt $219,360

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,000

  • 10 · Payroll taxes

    total $307

  • 20 · Interest

    total $52,943

  • 22 · Depreciation, depletion and amortization

    total $59,585

  • 23 · Insurance

    total $121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$182,172 · end of year -$336,477

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

    $4,041,411

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

    $1,348,815

  • 10c · Land, buildings and equipment, net

    beginning of year $2,354,353 · end of year $2,692,596

  • 23 · Secured mortgages and notes payable

    beginning of year $930,475 · end of year $1,020,609

  • 25 · Other liabilities

    beginning of year $208,843 · end of year $199,243

  • 27 · Net assets without donor restrictions

    beginning of year $1,032,863 · end of year $1,136,267

Mission and programs · 2023

Mission

TO ACQUIRE REAL ESTATE, HOLDING TITLE TO COLLECTING INCOME FROM SUCH PROPERTY.

Activities or mission (Part I)

TO ACQUIRE REAL ESTATE, HOLDING TITLE TO AND COLLECTING INCOME FROM SUCH PROPERTY.

  • TO ACQUIRE REAL ESTATE, HOLDING TITLE TO AND COLLECTING INCOME FROM SUCH PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF INCOME FROM SUCH PROPERTY, LESS EXPENSES AND RURAL RESOURCES HOLDING BOARD APPROVED RESERVES, FOR THE BENEFIT OF RURAL RESOURCES COMMUNITY ACTION, A CORPORATION EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

As filed on the 2023 return.

Listed in Part VII

  • GREG YOUNG

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • FRANK METLOW

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • JOANIE MATTER

    SECRETARY/TREASURER (THRU 04/23)

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • FRAN BESSERMIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • DEBRA HANSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • MATT SCHANZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • CHRIS FOX

    DIRECTOR (THRU 06/23)

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • ARNOLD SHELTON

    DIRECTOR (THRU 05/23)

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • BARRY LAMONT

    EXECUTIVE DIRECTOR

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    0.1

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.

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403189349306950

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