Overview
What is Rural Revitalization Corporation?
Rural Revitalization Corporation is a nonprofit organization situated in Olean, New York. Their primary mission is to enhance the living conditions in Cattaraugus County, the Western Area of Wyoming County, and Southern Erie County by providing educational, technical, and financial aid. This assistance is geared towards improving housing, focusing on both residential, commercial, and industrial areas. The organization's initiatives aim to make housing more affordable and safe through rehabilitation projects. They offer funding options, including assistance with down payments, closing costs, and home improvements, to strengthen the community and revitalize living spaces. This nonprofit organization, with a team of 4 individuals, is dedicated to boosting the local economy and improving the quality of life for its residents by investing in the area's housing sector.
Official website here: www.rrcorp.org
Is Rural Revitalization Corporation legitimate?
Rural Revitalization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural Revitalization Corporation 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: $0
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Other Salaries and Wages: $36,386
For more financial information, click here
Official website here: www.rrcorp.org
What is the mission statement of Rural Revitalization Corporation?
The Rural Revitalization Corporation, as a non-profit organization, is dedicated to providing housing-related educational, technical, and financial programs. Their mission is to enhance the quality of housing in selected areas by reinvesting in residential, commercial, and industrial sectors. This initiative aims to make housing more affordable, safe, and decent for the community. The organization offers funding assistance for down payments, closing costs, and home rehabilitation, contributing to the overall improvement of living conditions.
Official website here: www.rrcorp.org
What is the revenue of Rural Revitalization Corporation?
Rural Revitalization Corporation's revenue in 2024 was $322,154.
Official website here: www.rrcorp.org
Who are the executives of Rural Revitalization Corporation and what are their salaries?
The average compensation at Rural Revitalization Corporation during 2024 was $9,096. There are 4 employees at Rural Revitalization Corporation.
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Official website here: www.rrcorp.org
Where can I find the form 990 for Rural Revitalization Corporation?
Rural Revitalization Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rrcorp.org
Learn more at the official website: www.rrcorp.org
Mission Statement of Rural Revitalization Corporation
Rural Revitalization Corporation, as a non-profit organization, is committed to providing housing-related educational, technical, and financial programs. Their mission is to reinvest in residential, commercial, and industrial areas situated in Cattaraugus County, the Western Area of Wyoming County, and Southern Erie County. The ultimate goal is to create safe, decent, and affordable housing options for the community. To achieve this, the corporation offers funding for down payments, closing costs, and home rehabilitation through their Housing Rehabilitation Program. By investing in these areas, Rural Revitalization Corporation aims to improve the overall quality of life for the community.
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Impact
October, 2024
Rural Revitalization Corporation significantly enhances community well-being by focusing on housing stability and revitalization in Cattaraugus County, the Western Area of Wyoming County, and Southern Erie County. Through their housing rehabilitation program, they provide crucial funding for down payments, closing costs, and home renovations, making home ownership and improvement accessible to many families.
By offering educational and technical resources, the organization empowers residents with the knowledge and skills needed to navigate the housing market and ensure their living conditions meet safety and quality standards. This initiative not only improves individual households but also fosters broader community development through reinvestment in residential, commercial, and industrial areas.
The impact extends beyond just housing; it strengthens local economies and enhances overall community resilience by creating safer neighborhoods and better living conditions. As families benefit from improved housing, there is often a ripple effect that can lead to increased property values, enhanced community pride, and a stronger, more unified social fabric.
This information is meant to be a general summary of Rural Revitalization Corporation. 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 2024.
- Investment Income: $11,018
- Program Service Revenue: $26,374
- Gross Receipts: $322,154
Assets and Liabilities:
- Total Assets: $409,134
- Total Liabilities: $97,663
- Net Assets: $311,471
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program revenue
Revenue
$12,074
Rental revenue
Revenue
$14,300
Organization Details
Founding Year
1982
Principal Officer
Jasmine Hall
Website
www.rrcorp.orgNTEE Category
Code: S32Z - Community improvement
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