Overview
What is Rcap Solutions Inc Formerly Rural Housing Improvement Inc?
Rcap Solutions Inc, formerly known as Rural Housing Improvement Inc, is a Massachusetts-based nonprofit organization located at 191 May Street, Worcester, MA 01602. Their primary mission is to provide affordable housing, homelessness prevention, and family unification and self-sufficiency services to eligible individuals and families in Massachusetts. These offerings encompass housing assistance payments for low-income tenants, transitional housing and assistance for the homeless or those escaping domestic violence, landlord-tenant mediation, and training and support for property owners and first-time homeowners. In addition, Rcap Solutions Inc administers rental assistance from a government agency under Section 8 of the Housing Assistance Payments Program. They also offer technical assistance and training to low-income rural communities and other agencies to improve their drinking water & waste disposal facilities, and manage HUD 202 properties for the elderly. With a workforce of 169 dedicated individuals, Rcap Solutions Inc continues to make a significant impact on the lives of those in need.
Official website here: www.rcapsolutions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Rcap Solutions Inc, formerly known as Rural Housing Improvement Inc, has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating is based entirely on its accountability and finance score, which stands at 77%. This score is bolstered by a high percentage of independent board members and strong financial oversight practices, indicating a commitment to transparency and responsible management.
Strengths highlighted in the evaluation include an independent board with 88% of members being independent, along with a well-functioning audit and oversight committee. The organization also demonstrates effectiveness in program spending, with an impressive program expense ratio of 95.98%, suggesting that a large majority of funds are directed towards its mission rather than administrative costs. Additionally, the presence of a conflict of interest policy and documented board meeting minutes further enhances the organization's accountability.
However, the rating does indicate some limitations, notably the absence of a whistleblower policy, which could be a potential area for improvement in terms of internal governance. Furthermore, the organization has a liabilities to assets ratio of 73.00%, which may raise concerns regarding financial health, although it is important to consider this in conjunction with the overall strong performance in other areas.
This AI summary has been generated from information found on Charity Navigator.
Is Rcap Solutions Inc Formerly Rural Housing Improvement Inc legitimate?
Rcap Solutions Inc Formerly Rural Housing Improvement Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rcap Solutions Inc Formerly Rural Housing Improvement Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $642,059
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,123,387
For more financial information, click here
Official website here: www.rcapsolutions.org
What is the mission statement of Rcap Solutions Inc Formerly Rural Housing Improvement Inc?
Rcap Solutions Inc, formerly known as Rural Housing Improvement Inc, is a non-profit organization that focuses on providing rental assistance to individuals and communities in need. This assistance is received through a government agency under Section 8 of the Housing Assistance Payments Program. In addition to rental assistance, the organization offers technical assistance and training to low-income rural communities and other agencies. This support aims to help these communities provide or enhance their drinking water and waste disposal facilities. Rcap Solutions Inc also manages HUD 202 properties for the elderly. The organization's Client Resources Division works with eligible individuals and families to provide a wide range of 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 mediation, and training and support for property owners and first-time homeowners.
Official website here: www.rcapsolutions.org
Who is the CEO of Rcap Solutions Inc Formerly Rural Housing Improvement Inc?
Brian Scales is the President/Ceo/Clerk of Rcap Solutions Inc Formerly Rural Housing Improvement Inc. The CEO's salary of Rcap Solutions Inc Formerly Rural Housing Improvement Inc is $157,644 and their total compensation is $166,822.
Official website here: www.rcapsolutions.org
What is the revenue of Rcap Solutions Inc Formerly Rural Housing Improvement Inc?
Rcap Solutions Inc Formerly Rural Housing Improvement Inc's revenue in 2022 was $86,440,230.
Official website here: www.rcapsolutions.org
Who are the executives of Rcap Solutions Inc Formerly Rural Housing Improvement Inc and what are their salaries?
The average compensation at Rcap Solutions Inc Formerly Rural Housing Improvement Inc during 2022 was $40,032. There are 169 employees and 123 volunteers at Rcap Solutions Inc Formerly Rural Housing Improvement Inc.
Here are 15 key members and their salaries (Rcap Solutions Inc Formerly Rural Housing Improvement Inc's CEO's salary is $157,644 and their total compensation is $166,822):
- Compensation: $288,400
- Related: $0
- Other: $15,221
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $157,644
- Related: $0
- Other: $9,178
- Compensation: $141,955
- Related: $0
- Other: $8,014
- Compensation: $134,387
- Related: $0
- Other: $20,379
- Compensation: $113,643
- Related: $0
- Other: $6,389
- Compensation: $101,856
- Related: $0
- Other: $18,706
- Compensation: $111,574
- Related: $0
- Other: $7,392
Official website here: www.rcapsolutions.org
Where can I find the form 990 for Rcap Solutions Inc Formerly Rural Housing Improvement Inc?
Rcap Solutions Inc Formerly Rural Housing Improvement Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rcapsolutions.org
Learn more at the official website: www.rcapsolutions.org
Mission Statement of Rcap Solutions Inc Formerly Rural Housing Improvement Inc
Rcap Solutions Inc, formerly known as Rural Housing Improvement Inc, is a nonprofit organization dedicated to providing rental assistance to individuals and families in need, primarily in low-income rural communities. The organization's mission is multifaceted, involving both the receipt of rental assistance from government agencies under Section 8 of the Housing Assistance Payments Program and the provision of technical assistance and training to other agencies and communities. By doing so, Rcap Solutions aims to help these entities improve or establish essential drinking water and waste disposal facilities.
Moreover, Rcap Solutions manages HUD 202 Properties for the elderly, ensuring that these residents have access to safe and affordable housing. In addition to these services, the organization's Client Resources Division works with eligible individuals and families in Massachusetts, offering a wide range of 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 mediation, and training and support for property owners and first-time homeowners.
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Impact
October, 2024
Rcap Solutions Inc, formerly known as Rural Housing Improvement Inc, plays a significant role in enhancing the living conditions of low-income individuals and families, particularly in rural areas. It provides essential rental assistance to eligible tenants through government programs like Section 8 of the Housing Assistance Payments Program. This support not only helps stabilize housing situations but also fosters a greater sense of security and community for vulnerable populations.
In addition to rental assistance, Rcap Solutions also focuses on improving infrastructure by offering technical assistance and training aimed at enhancing drinking water and waste disposal facilities in low-income rural communities. This initiative addresses critical public health concerns and promotes safe living conditions.
The organization is instrumental in managing HUD 202 properties specifically designed for the elderly, ensuring that this demographic has access to affordable and suitable housing options. Furthermore, its Client Resources Division offers a plethora of services, including homelessness prevention, transitional housing, and landlord-tenant mediation. This comprehensive approach cultivates a supportive environment, facilitating family unification and self-sufficiency.
Overall, Rcap Solutions Inc significantly impacts the communities it serves by addressing housing insecurities, enhancing infrastructure, and empowering individuals and families towards a more stable and prosperous future.
This information is meant to be a general summary of Rcap Solutions Inc Formerly Rural Housing Improvement Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,706
- Program Service Revenue: $402,597
- Gross Receipts: $86,440,230
Assets and Liabilities:
- Total Assets: $9,084,523
- Total Liabilities: $5,492,984
- Net Assets: $3,591,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATION REVENUE
Revenue
$402,597
Organization Details
Founding Year
1969
Phone
(978) 630-6647Principal Officer
Brian Scales
Main Address
191 MAY STREET, WORCESTER, MA, 01602
Website
www.rcapsolutions.orgNTEE Category
Code: L02 - Housing
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