Form 990 for tax year 2024
Filed by REC BUILDING HOLDING CORPORATION.
Totals
- Total revenue
- $26,924,740
- Total expenses
- $24,667,288
- Contributions and grants received
- $26,920,967
- Grants paid
- $24,621,368
- Program service revenue
- $0
- Investment income
- $3,773
- Other revenue
- $0
- Total assets, end of year
- $2,257,452
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,257,452
- Program services expenses (Part IX)
- $24,667,288
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $24,667,288
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.
-
1e · Government grants (contributions)
$26,920,967
-
3 · Investment income
total $3,773
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $24,621,368 · program services $24,621,368
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $45,859 · program services $45,859
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Bank Charges
total $61 · program services $61
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $2,257,452
-
31 · Retained earnings, endowment or other funds
end of year $2,257,452
Mission and programs · 2024
Mission
The entity is a title holding company for a new community center built in Rushville IN
Activities or mission (Part I)
The entity is a title holding company
-
The grants were disbursed as construction was completed. The revenue is interest income
Expenses $24,667,288 · Grants $26,920,967 · Revenue $3,773
As filed on the 2024 return.
Listed in Part VII
-
Gerald Mohr
President
- Total calculated
- $0
- Hours/week
- 10
-
Bill Herdrich
Vice President
- Total calculated
- $0
- Hours/week
- 10
-
Dan Moster
Secretary
- Total calculated
- $0
- Hours/week
- 10
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
-
Rushco Community Development Inc
$24,667,289
A community center for the citizens of Rush County Indiana
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202501979349300015
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