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Nonprofiteer
← RURAL COMMUNITY ASSISTANCE

Form 990 for tax year 2023

Filed by RURAL COMMUNITY ASSISTANCE.

Totals

Total revenue
$58,791,828
Total expenses
$50,345,386
Contributions and grants received
$49,368,506
Grants paid
$7,884,812
Program service revenue
$6,513,900
Investment income
$2,765,883
Other revenue
$143,539
Total assets, end of year
$220,723,819
Total liabilities, end of year
$119,722,945
Net assets or fund balances, end of year
$101,000,874
Program services expenses (Part IX)
$49,330,016
Management and general expenses
$460,170
Fundraising expenses
$555,200
Program service expenses (Part III)
$49,330,016

Program services were 98.0% 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)

    $41,160,461

  • 1f · All other contributions, gifts and grants

    $8,208,045

  • 2a · Program service revenue: Loan Fees Revenue

    total $994,537 · related or exempt $994,537

  • 2b · Program service revenue: Loan interest revenue

    total $5,235,992 · related or exempt $5,235,992

  • 2c · Program service revenue: Loan Servicing Fees Rev.

    total $283,371 · related or exempt $283,371

  • 3 · Investment income

    total $2,765,883 · excluded $2,765,883

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $101,848

  • 6b · Less rental expenses

    real property $136,542

  • 6c · Rental income or loss

    real property -$34,694

  • 6d · Net rental income or loss

    total -$34,694 · related or exempt -$34,694

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Environmental Seed Money

    total $24,173 · related or exempt $24,173

  • 11b · Other revenue: Housing Revenue

    total $1,094 · related or exempt $1,094

  • 11c · Other revenue: Reinvestment Revenue

    total $152,966 · related or exempt $152,966

  • 11e · Other revenue, total

    $178,233

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,823,033 · program services $7,823,033

  • 2 · Grants to domestic individuals

    total $61,779 · program services $61,779

  • 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 $1,755,468 · program services $1,375,584 · management and general $349,565 · fundraising $30,319

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $15,075,547 · program services $11,811,608 · management and general $3,003,480 · fundraising $260,459

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $7,532,365 · program services $5,907,277 · management and general $1,495,260 · fundraising $129,828

  • 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

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $8,398,015 · program services $7,654,745 · management and general $743,270

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $417,099 · program services $1,465 · management and general $415,634

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $536,019 · management and general $536,019

  • 17 · Travel

    total $1,762,128 · program services $1,475,038 · management and general $287,090

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $88,002 · program services $65,863 · management and general $22,139

  • 20 · Interest

    total $2,057,063 · program services $2,057,063

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $49,291 · management and general $49,291

  • 23 · Insurance

    total $194,206 · program services $73,724 · management and general $120,482

  • 24a · Other expenses: Provision for Loan Loss

    total $2,700,000 · program services $2,700,000

  • 24b · Other expenses: Training Costs

    total $510,684 · program services $298,410 · management and general $212,274

  • 24c · Other expenses: EQUIPMENT RENTAL/Maintenance

    total $332,263 · management and general $332,263

  • 24d · Other expenses: Dues and Subscriptions

    total $291,809 · program services $229,722 · management and general $62,087

  • 24e · All other expenses

    total $760,615 · program services $7,794,705 · management and general -$7,168,684 · fundraising $134,594

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,484,997 · end of year $9,218,392

  • 2 · Savings and temporary cash investments

    beginning of year $70,927,068 · end of year $59,582,277

  • 3 · Pledges and grants receivable

    beginning of year $13,688,244 · end of year $17,316,257

  • 4 · Accounts receivable

    beginning of year $1,135,485 · end of year $1,720,423

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $102,344,223 · end of year $126,879,229

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,441,368 · end of year $1,628,966

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

    $6,329,575

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

    $4,901,907

  • 10c · Land, buildings and equipment, net

    beginning of year $1,419,209 · end of year $1,427,668

  • 11 · Investments: publicly traded securities

    beginning of year $270,041 · end of year $271,060

  • 12 · Investments: other securities

    beginning of year $237,211 · end of year $318,960

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $2,726,769 · end of year $2,360,587

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,951,454 · end of year $5,604,025

  • 18 · Grants payable

    beginning of year $87,631 · end of year $87,630

  • 23 · Secured mortgages and notes payable

    beginning of year $98,753,862 · end of year $110,186,974

  • 24 · Unsecured notes and loans payable

    beginning of year $2,672,258 · end of year $3,442,787

  • 25 · Other liabilities

    beginning of year $295,006 · end of year $401,529

  • 27 · Net assets without donor restrictions

    beginning of year $47,131,005 · end of year $45,177,567

  • 28 · Net assets with donor restrictions

    beginning of year $44,783,399 · end of year $55,823,307

Mission and programs · 2023

Mission

RCAC provides training, technical and financial resources and advocacy so rural communities achieve their goals and visions.

  • Community & Environmental Services:RCAC assisted 1,041 rural communities to build, improve, manage, operate or finance drinking water, wastewater or solid waste systems. RCAC reached more than 14,000 training participants through 404 workshops on technical, managerial, and financial topics related to environmental infrastructure. RCAC provided more than 150,000 hours of technical assistance and training to Indigenous communities in the West.RCAC's Building Rural Economies program continues to thrive and served 83 projects this year. We continue to support individual rural-based businesses with business coaching. This year, we provided these direct one-on-one business coaching services to support 52 rural businesses during the year.

    Expenses $23,714,030

  • Loan Fund:The Department had a productive year nearly matching our 2023 lending activity. The Loan Fund financed 84 projects lending over $75.4 million in our rural communities. This generated 520 affordable housing units, helped produce and repair 9,384 waste/water connections, created 13,858 in community facility space and helped create or retain 1,667 jobs. RCAC provided ReLieF loans to our business owners struggling from the impact of covid and the current economy. The pipeline of applications remains strong, the outstanding portfolio stood at over $132 million with a delinquency rate of less than 6% percent. A new Senior Loan Closing Specialist has been recruited.

    Expenses $15,229,173

  • Housing:Mutual Self Help Housing grantees are struggling with the availability of home construction funding, USDA Rural Development Section 502. Still, combined the 47 grantees produced 452 new construction homes and 52 homes were rehabilitated.The Housing Counseling program provided training both online and in person. 48 online training courses educated 708 attendees and 12 in person training courses educated 122 attendees. Staff continues to support 14 local housing counseling organizations with HUD funding and technical assistance. Development Solutions continues to work with non-profits in Hawaii, Montana, Utah, California, Guam, Oregon and Washington to assist them in building housing development and operational capacity.The Homeownership Program continued to support USDA Rural Developments Section 502 Direct mortgage loan program through training, intermediary processing services and general promotion to underserved communities of color. 188 Section 502 loan packagers received the five-day training. Staff also processed 316 loan processes submitted by local packagers. Five Washington homeownership organizations received technical development assistance with funding from the State.The Community Resilience and Disaster Planning program (formerly Disaster Recovery Services). Staff continues to assist in the Camp Fire recovery in Butte County, California, assisting them with mitigation planning and implementation to reduce future wildfire risk. They also are completing a wildfire recovery plan in New Mexico and are commencing a Hazard Mitigation Plan revision for a tribe in Northern California.

    Expenses $5,828,734

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

Listed in Part VII

  • Suzanne Anarde-Devenport

    CEO

    Total calculated
    $358,243
    From this org
    $316,846
    From related orgs
    $0
    Other
    $41,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,846
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,700
    Nontaxable benefits
    $28,697
    Filer's total
    $358,243

  • Cynthia Spencer

    COO

    Total calculated
    $202,818
    From this org
    $169,540
    From related orgs
    $0
    Other
    $33,278
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,540
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,872
    Nontaxable benefits
    $26,406
    Filer's total
    $202,818

  • Ari Neumann

    Chief Impact & Policy Officer

    Total calculated
    $188,476
    From this org
    $162,279
    From related orgs
    $0
    Other
    $26,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,279
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,560
    Nontaxable benefits
    $19,637
    Filer's total
    $188,476

  • Juanita Hallstrom

    Director, Loan Fund

    Total calculated
    $184,264
    From this org
    $152,283
    From related orgs
    $0
    Other
    $31,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,283
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,244
    Nontaxable benefits
    $25,737
    Filer's total
    $184,264

  • Anjali Sheth

    Controller

    Total calculated
    $183,354
    From this org
    $146,775
    From related orgs
    $0
    Other
    $36,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,775
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,936
    Nontaxable benefits
    $30,643
    Filer's total
    $183,354

  • David Ferrier

    Director, Housing Prog.

    Total calculated
    $179,510
    From this org
    $157,448
    From related orgs
    $0
    Other
    $22,062
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,448
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,434
    Nontaxable benefits
    $15,628
    Filer's total
    $179,510

  • Julia Helmreich

    Comms/Dev Event Dr

    Total calculated
    $144,346
    From this org
    $126,677
    From related orgs
    $0
    Other
    $17,669
    Hours/week
    40

  • Michael Carroll

    Vector Fund Dir

    Total calculated
    $121,935
    From this org
    $108,312
    From related orgs
    $0
    Other
    $13,623
    Hours/week
    24

  • Hoan Nguyen

    Chief Financial Officer

    Total calculated
    $86,237
    From this org
    $76,302
    From related orgs
    $0
    Other
    $9,935
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $76,302
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $9,935
    Filer's total
    $86,237

  • Kate Hammarback

    Int. Secretary

    Total calculated
    $0
    Hours/week
    3

  • Claudia O'Grady

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Martin Miller

    President

    Total calculated
    $0
    Hours/week
    10

  • Doris Morgan

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Frank Bravo

    Vice President

    Total calculated
    $0
    Hours/week
    5

  • Jackie Qatalina Schaeffer

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Keoni Lee

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Carleen Herring

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Andres Cano

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Robert Apodaca

    Board Member

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Rural Quality LLC

    Provide tech asst for affrordable housing · CA · income $219 · assets $3,366

    Directly controlled by Rural Community Assistance Corporation

  • Rural Integrity LLC

    Tech asst and lending support to affordable housing · CA · income $15 · assets $163

    Directly controlled by Rural Community Assistance Corporation

  • RCAC Maili LLC

    Provide tech asst for affordable housing in HI · CA · assets $63,061

    Directly controlled by Rural Community Assistance Corporation

  • Wingate Village GP LLC

    Develop Affordable Housing · CA · income $23 · assets $660

    Directly controlled by RCAC & HASU

  • RCAC Rooted Equity Fund LLC

    Lending · CA · income $8,862 · assets $65,149

    Directly controlled by RCAC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • GSAF LLC

    Lending to support affordable housing · CA · 25% owned

    Directly controlled by Low Income Inv Fund

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RCAC Meadow LLC

    C Corp · Develop Affordable Housing · CA · 100% owned · share of income -$10 · share of assets $30,883

    Directly controlled by RCAC

Provenance

Return type
form_990
Tax year
2023
Filed
14 March 2025
IRS schema version
2023v6.0
Source object
202540739349301724

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