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Nonprofiteer
← RCAP SOLUTIONS INC

Form 990 for tax year 2022

Filed by RCAP SOLUTIONS INC.

Totals

Total revenue
$62,477,099
Total expenses
$62,781,544
Contributions and grants received
$62,036,265
Grants paid
$50,471,115
Program service revenue
$404,915
Investment income
$6,020
Other revenue
$29,899
Total assets, end of year
$12,177,708
Total liabilities, end of year
$8,890,614
Net assets or fund balances, end of year
$3,287,094
Program services expenses (Part IX)
$60,436,696
Management and general expenses
$2,344,848
Fundraising expenses
$0
Program service expenses (Part III)
$60,436,696

Program services were 96.3% 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)

    $62,032,613

  • 1f · All other contributions, gifts and grants

    $3,652

  • 2a · Program service revenue: ADMINISTRATION REVENUE

    total $404,915 · related or exempt $404,915

  • 3 · Investment income

    total $6,020 · excluded $6,020

  • 11d · All other revenue

    total $29,899 · related or exempt $29,899

  • 11e · Other revenue, total

    $29,899

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $50,471,115 · program services $50,471,115

  • 5 · Compensation of officers, directors and key employees

    total $409,800 · management and general $409,800

  • 7 · Other salaries and wages

    total $6,874,132 · program services $5,926,554 · management and general $947,578

  • 8 · Pension plan contributions

    total $296,911 · program services $294,064 · management and general $2,847

  • 9 · Other employee benefits

    total $541,229 · program services $541,229

  • 10 · Payroll taxes

    total $620,866 · program services $614,914 · management and general $5,952

  • 11b · Fees: legal

    total $36,665 · management and general $36,665

  • 11c · Fees: accounting

    total $83,607 · management and general $83,607

  • 11d · Fees: lobbying

    total $150,754 · program services $39,000 · management and general $111,754

  • 11g · Fees: other

    total $1,011,961 · program services $923,161 · management and general $88,800

  • 12 · Advertising and promotion

    total $33,580 · program services $13,428 · management and general $20,152

  • 13 · Office expenses

    total $506,931 · program services $440,664 · management and general $66,267

  • 16 · Occupancy

    total $1,059,010 · program services $688,862 · management and general $370,148

  • 17 · Travel

    total $311,880 · program services $290,938 · management and general $20,942

  • 19 · Conferences, conventions and meetings

    total $40,108 · program services $32,283 · management and general $7,825

  • 20 · Interest

    total $279 · program services $197 · management and general $82

  • 22 · Depreciation, depletion and amortization

    total $44,452 · program services $32,495 · management and general $11,957

  • 23 · Insurance

    total $103,892 · program services $57,419 · management and general $46,473

  • 24a · Other expenses: DUES

    total $32,643 · program services $5,785 · management and general $26,858

  • 24b · Other expenses: PORTABILITY

    total $14,960 · program services $14,960

  • 24e · All other expenses

    total $136,769 · program services $49,628 · management and general $87,141

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,177,268 · end of year $1,138,494

  • 2 · Savings and temporary cash investments

    beginning of year $4,362,314 · end of year $4,549,180

  • 3 · Pledges and grants receivable

    beginning of year $2,336,410 · end of year $2,522,813

  • 4 · Accounts receivable

    beginning of year $742,041 · end of year $614,449

  • 7 · Other notes and loans receivable

    beginning of year $19,032 · end of year $19,032

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,743 · end of year $199,620

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

    $1,841,996

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

    $1,585,263

  • 10c · Land, buildings and equipment, net

    beginning of year $286,145 · end of year $256,733

  • 14 · Intangible assets

    end of year $2,830,817

  • 15 · Other assets

    beginning of year $46,570 · end of year $46,570

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,207,962 · end of year $1,121,275

  • 19 · Deferred revenue

    beginning of year $4,160,186 · end of year $4,653,114

  • 21 · Escrow or custodial account liability

    beginning of year $104,363 · end of year $127,022

  • 23 · Secured mortgages and notes payable

    beginning of year $20,473 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,989,203

  • 27 · Net assets without donor restrictions

    beginning of year $3,591,539 · end of year $3,287,094

Mission and programs · 2022

Mission

RENTAL ASSISTANCE RECEIVED FROM A GOVERNMENT AGENCY UNDER SECTION 8 OF THE HOUSING ASSISTANCE PAYMENTS PROGRAM. PROVIDING TECHNICAL ASSISTANCE AND TRAINING TO LOW-INCOME RURAL COMMUNITIES AND OTHER AGENCIES IN ORDER TO PROVIDE OR ENHANCE THEIR DRINKING WATER & WASTE DISPOSAL FACILITIES. MANAGE HUD 202 PROPERTIES FOR THE ELDERLY.

Activities or mission (Part I)

FOSTER SELF-RELIANCE AND IMPROVE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES.

  • CLIENT RESOURCES - THE CLIENT RESOURCES DIVISION WORKS WITH ELIGIBLE AFFORDABLE HOUSING, HOMELESSNESS PREVENTION, AND FAMILY UNIFICATION AND SELF-SUFFICIENCY SERVICES. THESE SERVICES INCLUDE HOUSING ASSISTANCE PAYMENTS FOR LOW INCOME TENANTS, TRANSITIONAL HOUSING AND ASSISTANCE FOR THE HOMELESS OR THOSE FLEEING DOMESTIC VIOLENCE, LANDLORD TENANT

    Expenses $55,815,217 · Grants $50,471,115

  • COMMUNITY RESOURCES - THE COMMUNITY RESOURCES DIVISION WORKS WITH COMMUNITIES THROUGHOUT THE NORTHEAST, PUERTO RICO AND THE U.S. VIRGINISLANDS TO PROMOTE PUBLIC, ENVIRONMENTAL, AND ECONOMIC HEALTH BY PROVIDING CONSULTING, PLANNING, FINANCING, BUILD-OUT OVERSIGHT,REGULATORY AND COMPLIANCE OVERSIGHT, MANAGEMENT, AND OPERATIONAL SUPPORT FOR A WIDE RANGE OF COMMUNITY DEVELOPMENT AND INFRASTRUCTURE PROJECTS.

    Expenses $4,135,613 · Revenue $900

  • PROPERTY MANAGEMENT - THE PROPERTY MANAGEMENT DIVISION OVERSEES THE SUPPORT FOR A WIDE RANGE OF COMMUNITY DEVELOPMENT AND INFRASTRUCTURE PROJECTS. OPERATIONS OF ALL RESIDENTIAL RENTAL PROPERTIES, AS WELL AS DEVELOPMENT ACTIVITY, TO ITS PROPERTIES LOCATED IN CENTRAL MASSACHUSETTS. THE COMPANY'S PORTFOLIO CURRENTLY INCLUDES TEN AFFORDABLE HOUSING PROJECTS.

    Expenses $485,866 · Revenue $433,914

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Scales

    PRESIDENT/CEO/CLERK

    Total calculated
    $211,958
    From this org
    $199,051
    From related orgs
    $0
    Other
    $12,907
    Hours/week
    40 + 8.5 related

    Schedule J breakdown matched by us

    Base
    $192,032
    Bonus
    $0
    Other
    $7,019
    Deferred
    $11,756
    Nontaxable benefits
    $1,151
    Filer's total
    $211,958

  • Laura McGee

    CHAIR

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Ken Reid

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Tracey Weeden

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Carl H Allen Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Susan Bachman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Julie Caroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Tim Grinham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Henry Noel Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Alyssa Glennon

    VP & CHIEF FINANCIAL OFFIC

    Total calculated
    $158,780
    From this org
    $148,967
    From related orgs
    $0
    Other
    $9,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,967
    Bonus
    $0
    Other
    $0
    Deferred
    $8,830
    Nontaxable benefits
    $983
    Filer's total
    $158,780

  • Emily Farrand

    VP OF ADMIN & COO

    Total calculated
    $169,809
    From this org
    $146,775
    From related orgs
    $0
    Other
    $23,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,775
    Bonus
    $0
    Other
    $0
    Deferred
    $9,288
    Nontaxable benefits
    $13,746
    Filer's total
    $169,809

  • Jennifer Day

    DIR COMM & ENVIRON RESOURC

    Total calculated
    $124,400
    From this org
    $120,012
    From related orgs
    $0
    Other
    $4,388
    Hours/week
    40

  • Maegen McCaffrey

    VP OF MARKETING & COMMUNCIATIONS

    Total calculated
    $124,065
    From this org
    $116,123
    From related orgs
    $0
    Other
    $7,942
    Hours/week
    40

  • Linda Kirwan

    CHIEF ELDERLY SERVICES OFFICER

    Total calculated
    $125,492
    From this org
    $105,115
    From related orgs
    $0
    Other
    $20,377
    Hours/week
    40

  • Joshua Bedarian

    CHIEF HOUSING & COMPLIANCE OFFICER

    Total calculated
    $122,080
    From this org
    $102,808
    From related orgs
    $0
    Other
    $19,272
    Hours/week
    40

  • Karen A Koller

    PAST PRESIDENT/CEO/CLERK

    Total calculated
    $208,540
    From this org
    $198,114
    From related orgs
    $0
    Other
    $10,426
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $190,201
    Bonus
    $0
    Other
    $7,913
    Deferred
    $9,869
    Nontaxable benefits
    $557
    Filer's total
    $208,540

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

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.

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.

Related partnerships

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

  • HAPCO LLC

    RELATED · LOW INCOME HOUSING RENTAL · MA · 100% owned · share of income -$89,802 · share of assets $2,035,890

    Directly controlled by ATHOL HOUSING ASSOCIATES INC

Related corporations and trusts

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

  • ATHOL HOUSING ASSOCIATES INC

    C · GENERAL PARTNER OF HAPCO, LLC · MA · 100% owned · controlled entity

    Directly controlled by RCAP SOLUTIONS INC

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202401309349300205

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