Form 990 for tax year 2023

Filed by RURAL NEIGHBORHOODS INCORPORATED.

Totals

Total revenue: $2,551,863
Total expenses: $1,394,868
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $2,412,144
Investment income: $139,719
Other revenue: $0
Total assets, end of year: $29,679,253
Total liabilities, end of year: $3,243,462
Net assets or fund balances, end of year: $26,435,791
Program services expenses (Part IX): $1,291,861
Management and general expenses: $103,007
Fundraising expenses: $0
Program service expenses (Part III): $1,291,861

Program services were 92.6% 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: OTHER DONATIONS

total $889,914 · related or exempt $889,914
2b · Program service revenue: NEIGHBORWORKS GRANT

total $478,750 · related or exempt $478,750
2c · Program service revenue: OTHER GRANTS

total $456,571 · related or exempt $456,571
2d · Program service revenue: ASSET MANAGMENT FEES

total $313,063 · related or exempt $313,063
2e · Program service revenue: DEVELOPER FEES

total $273,821 · related or exempt $273,821
2f · All other program service revenue

total $25 · related or exempt $25
3 · Investment income

total $139,719 · related or exempt $139,719

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $344,552 · program services $269,638 · management and general $74,914
8 · Pension plan contributions

total $38,324 · program services $26,827 · management and general $11,497
9 · Other employee benefits

total $37,414 · program services $26,935 · management and general $10,479
10 · Payroll taxes

total $20,390 · program services $14,273 · management and general $6,117
11c · Fees: accounting

total $34,050 · program services $34,050
11g · Fees: other

total $454,154 · program services $454,154
13 · Office expenses

total $320,631 · program services $320,631
17 · Travel

total $16,241 · program services $16,241
20 · Interest

total $30,000 · program services $30,000
22 · Depreciation, depletion and amortization

total $458 · program services $458
23 · Insurance

total $98,654 · program services $98,654

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $15,738 · end of year $24,536
2 · Savings and temporary cash investments

beginning of year $15,854,429 · end of year $13,969,870
4 · Accounts receivable

beginning of year $873,932 · end of year $233,664
9 · Prepaid expenses and deferred charges

beginning of year $82,208 · end of year $164,743
10a · Land, buildings and equipment: cost or other basis

$12,239
10b · Land, buildings and equipment: accumulated depreciation

$9,755
10c · Land, buildings and equipment, net

beginning of year $2,942 · end of year $2,484
15 · Other assets

beginning of year $12,356,320 · end of year $15,283,956
17 · Accounts payable and accrued expenses

beginning of year $179,935 · end of year $73,161
24 · Unsecured notes and loans payable

beginning of year $2,000,000 · end of year $2,000,000
25 · Other liabilities

beginning of year $1,349,580 · end of year $1,170,301
27 · Net assets without donor restrictions

beginning of year $25,656,054 · end of year $26,435,791

Mission and programs · 2023

Mission

THE PRIMARY EXEMPT FUNCTION IS THE GENERAL OPERATIONS,CONSTRUCTION EXPANSION, MANAGING, AND OTHER ACTIVITIES CONNECTED WITH PROVIDING LOW COST HOUSING TO LOW INCOME FAMILIES ESPECIALLY MIGRANT AND SEASONAL FARM WORKERS IN FLORIDA.

THE PRIMARY EXEMPT FUNCTION IS THE GENERAL OPERATIONS, CONSTRUCTION, EXPANSION, MANAGING, AND OTHER ACTIVITIES CONNECTED WITH PROVIDING LOW COST HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES ESPECIALLY MIGRANT AND SEASONAL FARM WORKERS IN THE STATE OF FLORIDA.

Expenses $1,291,403
THE PRIMARY EXEMPT FUNCTION IS THE GENERAL OPERATIONS, CONSTRUCTION, EXPANSION, MANAGING, AND OTHER ACTIVITIES CONNECTED WITH PROVIDING LOW COST HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES ESPECIALLY MIGRANT AND SEASONAL FARM WORKERS IN THE STATE OF FLORIDA.

Expenses $458

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Pinita AlegrePINITA ALEGRE

DIRECTOR

Total calculated

$0
Diana GonzalezDIANA GONZALEZ

SECRETARY

Total calculated

$0
Arturo LopezARTURO LOPEZ

MEMBER

Total calculated

$0
Peter McDougalPETER MCDOUGAL

VICE CHAIR

Total calculated

$0
Yurianna MikolayYURIANNA MIKOLAY

MEMBER

Total calculated

$0
Susan Rubio RiveraSUSAN RUBIO RIVERA

VICE CHAIR

Total calculated

$0
Carlos SalgadaCARLOS SALGADA

MEMBER

Total calculated

$0
Al TownselAL TOWNSEL

CHAIR

Total calculated

$0
Katrina WrightKATRINA WRIGHT

MEMBER

Total calculated

$0

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.

Provenance

Return type: form_990
Tax year: 2023
Filed: 20 August 2024
IRS schema version: 2023v5.0
Source object: 202402339349300520

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