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Rcap Solutions Inc Formerly Rural Housing Improvement Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042454675 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Karen A Koller (President/Ceo/Clerk) [Trustee/Director]
  • Compensation: $288,400
  • Related: $0
  • Other: $15,221

    • Brian Scales (Interim President & Ceo)
  • Compensation: $157,644
  • Related: $0
  • Other: $9,178

    • Emily Farrand (Vp Of Admin & Coo)
  • Compensation: $134,387
  • Related: $0
  • Other: $20,379

    • Alyssa Glennon (Vp & Chief Financial Offic)
  • Compensation: $141,955
  • Related: $0
  • Other: $8,014

    • Linda Kirwan (Director Of Prop Mgmt)
  • Compensation: $101,856
  • Related: $0
  • Other: $18,706

    • Maegan Mccaffrey (Vp Of Marketing & Communic)
  • Compensation: $113,643
  • Related: $0
  • Other: $6,389

    • Jennifer Day (Dir Comm & Environ Resources)
  • Compensation: $111,574
  • Related: $0
  • Other: $7,392

    • Laura Mcgee (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Morse Jr (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Reid (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl H Allen Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Bachman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Caroll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Grinham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracey Weeden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rcapsolutions.org

    Where can I find the form 990 for Rcap Solutions Inc Formerly Rural Housing Improvement Inc?

    The 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.

    Impact

    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.




    Saturday, April 13, 2024

    Rcap Solutions Inc, formerly known as Rural Housing Improvement Inc, has a significant impact on low-income rural communities and individuals in Massachusetts. Through their activities such as rental assistance under the Housing Assistance Payments Program, technical assistance for enhancing drinking water and waste disposal facilities, and management of HUD 202 properties for the elderly, they play a crucial role in providing affordable housing solutions and improving living conditions for vulnerable populations. Additionally, their client resources division works diligently to prevent homelessness, support family unification, and promote self-sufficiency among those in need. Overall, Rcap Solutions Inc makes a meaningful difference by addressing housing challenges and supporting community development initiatives in rural areas.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Brian Scales

    Main Address

    191 MAY STREET, WORCESTER, MA, 01602

    NTEE Category

    Code: L02 - Housing