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← RURAL COMMUNITY ASSISTANCE

Form 990 for tax year 2024

Filed by RURAL COMMUNITY ASSISTANCE.

Totals

Total revenue
$90,831,834
Total expenses
$58,544,027
Contributions and grants received
$79,957,196
Grants paid
$3,869,255
Program service revenue
$7,721,475
Investment income
$3,021,730
Other revenue
$131,433
Total assets, end of year
$257,468,340
Total liabilities, end of year
$123,977,878
Net assets or fund balances, end of year
$133,490,462
Program services expenses (Part IX)
$57,716,668
Management and general expenses
$192,621
Fundraising expenses
$634,738
Program service expenses (Part III)
$57,716,668

Program services were 98.6% 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.

  • 1e · Government grants (contributions)

    $71,598,596

  • 1f · All other contributions, gifts and grants

    $8,358,600

  • 2a · Program service revenue: Loan Fees Revenue

    total $1,329,703 · related or exempt $1,329,703

  • 2b · Program service revenue: Loan interest revenue

    total $5,907,037 · related or exempt $5,907,037

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

    total $262,633 · related or exempt $262,633

  • 2d · Program service revenue: Revenue from Partnership

    total $222,102 · related or exempt $222,102

  • 3 · Investment income

    total $3,021,730 · excluded $3,021,730

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $36,033

  • 6b · Less rental expenses

    real property $136,655

  • 6c · Rental income or loss

    real property -$100,622

  • 6d · Net rental income or loss

    total -$100,622 · related or exempt -$100,622

  • 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: Other Revenue

    total $232,055 · related or exempt $232,055

  • 11e · Other revenue, total

    $232,055

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,869,255 · program services $3,869,255

  • 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 $1,826,817 · program services $1,417,723 · management and general $380,545 · fundraising $28,549

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $18,523,941 · program services $14,373,153 · management and general $3,861,254 · fundraising $289,534

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $10,440,080 · program services $8,125,297 · management and general $2,152,004 · fundraising $162,779

  • 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 $12,087,277 · program services $11,493,963 · management and general $593,314

  • 12 · Advertising and promotion

    total $116,523 · program services $3,045 · management and general $113,478

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $835,090 · program services $278,792 · management and general $556,298

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $573,953 · management and general $573,953

  • 17 · Travel

    total $2,633,953 · program services $2,205,905 · management and general $428,048

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $99,789 · program services $84,928 · management and general $14,861

  • 20 · Interest

    total $2,383,017 · program services $2,383,017

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $44,354 · management and general $44,354

  • 23 · Insurance

    total $201,673 · program services $113,713 · management and general $87,960

  • 24a · Other expenses: Provision for Credit Loss

    total $2,189,246 · program services $2,189,246

  • 24b · Other expenses: Training Costs

    total $738,739 · program services $523,590 · management and general $215,149

  • 24c · Other expenses: TELEPHONE

    total $493,926 · program services $4,525 · management and general $489,401

  • 24d · Other expenses: Write Down of Asset Value

    total $382,394 · program services $382,394

  • 24e · All other expenses

    total $1,104,000 · program services $10,268,122 · management and general -$9,317,998 · fundraising $153,876

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,218,392 · end of year $8,626,016

  • 2 · Savings and temporary cash investments

    beginning of year $59,582,277 · end of year $83,083,607

  • 3 · Pledges and grants receivable

    beginning of year $17,316,257 · end of year $12,966,409

  • 4 · Accounts receivable

    beginning of year $1,720,423 · end of year $2,870,092

  • 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 $126,879,229 · end of year $145,081,468

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,628,966 · end of year $1,220,575

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

    $6,352,064

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

    $5,165,677

  • 10c · Land, buildings and equipment, net

    beginning of year $1,427,668 · end of year $1,186,387

  • 11 · Investments: publicly traded securities

    beginning of year $271,060 · end of year $324,517

  • 12 · Investments: other securities

    beginning of year $318,960 · end of year $372,897

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $2,360,587 · end of year $1,736,372

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,604,025 · end of year $5,056,277

  • 18 · Grants payable

    beginning of year $87,630 · end of year $210,221

  • 23 · Secured mortgages and notes payable

    beginning of year $110,186,974 · end of year $114,758,082

  • 24 · Unsecured notes and loans payable

    beginning of year $3,442,787 · end of year $3,479,902

  • 25 · Other liabilities

    beginning of year $401,529 · end of year $473,396

  • 27 · Net assets without donor restrictions

    beginning of year $45,177,567 · end of year $53,868,261

  • 28 · Net assets with donor restrictions

    beginning of year $55,823,307 · end of year $79,622,201

Mission and programs · 2024

Mission

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

  • Community & Environmental Services:RCAC assisted 1,068 rural communities to build, improve, manage, operate or finance drinking water, wastewater or solid waste systems. RCAC reached more than 10,000 training participants through 369 workshops on technical, managerial, and financial topics related to environmental infrastructure. RCAC provided more than 170,000 hours of technical assistance and training to Indigenous communities in the West.

    Expenses $28,682,334 · Grants $695,568

  • Loan Fund:The Department had a year record breaking year. The Loan Fund closed 72 loans for over $104 million in our rural communities. This generated 815 of affordable housing units, helped produce and repair 10,465 waste/water connections, created 3,910 in community facility space and helped create or retain 2,173 jobs. RCAC began making loans to Native owned businesses through the SSBCI program, closing 3 loans for a total of $500,000 in partnership with the Cahuilla and San Pasqual tribes. The pipeline of applications remains strong, the outstanding portfolio stood at over $151.8 million with a delinquency rate of less than 6% percent. A new Assistant Director position was created and filled.

    Expenses $11,732,131 · Grants $1,993,398

  • RCACs OTHER SERVICES INCLUDE CAPACITY BUILDING, TRAINING, AND RESOURCES FOR OTHER NONPROFIT ORGANIZATIONS.

    Expenses $7,886,336 · Grants $454,688

  • Housing: Mutual Self Help Housing RCAC assisted our 41 grantees to build 456 new construction homes and rehabilitate 60 homes, despite frequent pauses in Federal funding. The Housing Counseling program provided training both on-line and in person. 34 on-line trainings educated 742 attendees and 14 in person trainings educated 224 attendees. Staff continues to support 13 local housing counseling organizations with HUD funding and technical assistance. Staff is preparing to on-board at least three new organizations in FY26.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. 93 Section 502 loan packagers received the five-day training. Staff also processed 130 loans submitted by local packagers with 98 home loans closing during the fiscal year. Eight Washington homeownership organizations received RCAC support in preparing and submitting project funding applications to 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 completing a Hazard Mitigation Plan revision for a tribe in Northern California.

    Expenses $6,885,437 · Grants $524,801

  • Building Rural Economies:RCAC's Building Rural Economies department closed out FY25 strong, working alongside 41 community partners throughout RCAC's service area providing training, technical assistance and small business coaching. BRE facilitated trainings that included 836 participants where 32% belonged to Native or Indigenous communities. BRE partnered alongside 11 Native American Tribes and 3 Native CDFIs. BRE staff have completed or have in progress 60 Smart Growth Projects including several Recharge Our Community's Economy (ROCE) workshop series and 26 Entrepreneurial Ecosystem projects including the facilitation of Start, Grow, Revive Your Business (SGR) workshops and trainings within Native and Indigenous communities. Additionally, BRE provided one on one individual coaching to 51 small businesses and assisted businesses in accessing more than $411,000 in capital. BRE's partner communities have leveraged $975,627.

    Expenses $2,530,430 · Grants $200,800

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Suzanne Anarde-Devenport

    CEO

    Total calculated
    $384,375
    From this org
    $341,445
    From related orgs
    $0
    Other
    $42,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,445
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,148
    Nontaxable benefits
    $26,782
    Filer's total
    $384,375

  • Cynthia Spencer

    COO

    Total calculated
    $234,983
    From this org
    $198,166
    From related orgs
    $0
    Other
    $36,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,166
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,402
    Nontaxable benefits
    $27,415
    Filer's total
    $234,983

  • Murat Unal

    CFO

    Total calculated
    $234,841
    From this org
    $207,125
    From related orgs
    $0
    Other
    $27,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,125
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,174
    Nontaxable benefits
    $22,542
    Filer's total
    $234,841

  • Ari Neumann

    CIPO

    Total calculated
    $213,647
    From this org
    $182,809
    From related orgs
    $0
    Other
    $30,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,809
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,741
    Nontaxable benefits
    $22,097
    Filer's total
    $213,647

  • Juanita Hallstrom

    Director, Loan Fund

    Total calculated
    $195,670
    From this org
    $161,217
    From related orgs
    $0
    Other
    $34,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,217
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,709
    Nontaxable benefits
    $26,744
    Filer's total
    $195,670

  • Anjali Sheth

    Controller

    Total calculated
    $194,599
    From this org
    $155,547
    From related orgs
    $0
    Other
    $39,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,547
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,378
    Nontaxable benefits
    $31,674
    Filer's total
    $194,599

  • David Ferrier

    Director, Housing Prog.

    Total calculated
    $187,277
    From this org
    $163,605
    From related orgs
    $0
    Other
    $23,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,605
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,877
    Nontaxable benefits
    $15,795
    Filer's total
    $187,277

  • Julia Helmreich

    Director, Comms, Dev & Events

    Total calculated
    $187,197
    From this org
    $164,100
    From related orgs
    $0
    Other
    $23,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,100
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,745
    Nontaxable benefits
    $15,352
    Filer's total
    $187,197

  • Robert Longman

    Loan Prod & Credit

    Total calculated
    $163,803
    From this org
    $142,826
    From related orgs
    $0
    Other
    $20,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,826
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,769
    Nontaxable benefits
    $14,208
    Filer's total
    $163,803

  • Erika Holzhauer

    Asst Dir Housing

    Total calculated
    $155,200
    From this org
    $124,761
    From related orgs
    $0
    Other
    $30,439
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,761
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,938
    Nontaxable benefits
    $24,501
    Filer's total
    $155,200

  • Carol Cohen

    Asst. Dir Econ Dev

    Total calculated
    $155,047
    From this org
    $123,215
    From related orgs
    $0
    Other
    $31,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,215
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,858
    Nontaxable benefits
    $25,974
    Filer's total
    $155,047

  • Michael Boyd

    Asst. Dir C&ES

    Total calculated
    $154,348
    From this org
    $122,140
    From related orgs
    $0
    Other
    $32,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,140
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,819
    Nontaxable benefits
    $26,389
    Filer's total
    $154,348

  • Kate Hammarback

    Int. Secretary

    Total calculated
    $0
    Hours/week
    3

  • Claudia O'Grady

    Vice President

    Total calculated
    $0
    Hours/week
    3

  • Martin Miller

    Board Member

    Total calculated
    $0
    Hours/week
    10

  • Doris Morgan

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Frank Bravo

    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

  • Andres Cano

    Treasurer

    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 · Written employment contract
  • 3 · Compensation survey or study
  • 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 $138,950 · assets $3,000

    Directly controlled by Rural Community Assistance Corporation

  • Rural Integrity LLC

    Tech asst and lending support to affordable housing · CA · assets $500

    Directly controlled by Rural Community Assistance Corporation

  • RCAC Maili LLC

    Provide tech asst for affordable housing in HI · CA · assets $71,901

    Directly controlled by Rural Community Assistance Corporation

  • Wingate Village GP LLC

    Develop Affordable Housing · CA · assets $660

    Directly controlled by RCAC & HASU

  • RCAC Rooted Equity Fund LLC

    Lending · CA · income $36,778 · assets $1,750,278

    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 -$6 · share of assets $30,875

    Directly controlled by RCAC

Provenance

Return type
form_990
Tax year
2024
Filed
17 March 2026
IRS schema version
2024v5.2
Source object
202630769349301113

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