Florida Rural Rehabilitation Corporation

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

EIN: 591277939 ✦ Gainesville, FL ✦ Designated as a 501(c)(4)

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Overview

What is Florida Rural Rehabilitation Corporation?

Florida Rural Rehabilitation Corporation is a nonprofit organization situated in Gainesville, Florida. Their primary mission is to enhance the living standards of rural residents by offering financial aid. This assistance is intended for various necessities, such as housing, education, and healthcare, among others. In the recent fiscal year ending June 30, 2023, they extended $1,471,547.44 in new loans and advances to support rural residents. The organization, with a workforce of just two individuals, demonstrates a strong commitment to uplifting the rural community.

Is Florida Rural Rehabilitation Corporation legitimate?

Florida Rural Rehabilitation Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Florida Rural Rehabilitation 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: $10,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,474

For more financial information, click here

What is the mission statement of Florida Rural Rehabilitation Corporation?

The Florida Rural Rehabilitation Corporation's mission is centered around assisting rural residents. Its primary objective is to provide financial aid, enabling residents to enhance their living standards in various aspects. This includes but is not limited to housing, education, and healthcare. The corporation aims to address a range of issues that are crucial for improving the quality of life in these rural communities.

In line with its mission, the corporation offers financial assistance. During the fiscal year ending on June 30, 2023, it disbursed $1,471,547.44 in new loans and advances to rural residents, demonstrating its commitment to its mission.

In essence, the Florida Rural Rehabilitation Corporation serves as a vital resource for rural residents, offering financial aid to help them overcome challenges and improve their overall living conditions.

Who is the CEO of Florida Rural Rehabilitation Corporation?

John T Woeste is the Director of Florida Rural Rehabilitation Corporation.

What is the revenue of Florida Rural Rehabilitation Corporation?

Florida Rural Rehabilitation Corporation's revenue in 2023 was $485,225.

Who are the executives of Florida Rural Rehabilitation Corporation and what are their salaries?

The average compensation at Florida Rural Rehabilitation Corporation during 2023 was $32,512. There are 2 employees at Florida Rural Rehabilitation Corporation.


Here are 7 key members and their salaries:


M B Roberts Jr (Director)
  • Compensation: $1,600
  • Related: $0
  • Other: $0
Larry Mack (Vice President)
  • Compensation: $1,300
  • Related: $0
  • Other: $0
Louis Frost (Secretary/Treasurer)
  • Compensation: $1,900
  • Related: $0
  • Other: $0
Kathy Colson (Director)
  • Compensation: $1,600
  • Related: $0
  • Other: $0
John T Woeste (President)
  • Compensation: $1,300
  • Related: $0
  • Other: $0
David Reaves (Director)
  • Compensation: $1,550
  • Related: $0
  • Other: $0
Dale Mcpherson (Director)
  • Compensation: $1,300
  • Related: $0
  • Other: $0
Where can I find the form 990 for Florida Rural Rehabilitation Corporation?

Florida Rural Rehabilitation Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Florida Rural Rehabilitation Corporation

Florida Rural Rehabilitation Corporation is committed to enhancing the living standards of rural residents. Their mission revolves around providing financial aid to address crucial needs, such as housing, education, and health care, among others. This organization serves as a vital resource for rural communities, aiming to uplift their residents by addressing various challenges they face. In the fiscal year ending on June 30, 2023, the corporation disbursed $1,471,547.44 in new loans and advances to support rural residents in their endeavors.

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Impact




October, 2024

Florida Rural Rehabilitation Corporation plays a vital role in enhancing the quality of life for rural residents in Florida. By providing financial assistance, the organization addresses critical needs in housing, education, and healthcare, directly impacting individuals and families striving to improve their circumstances.

In the fiscal year ending June 30, 2023, the organization disbursed $1,471,547.44 in new loans and advances, reflecting a significant investment in the well-being of these communities. This financial support not only helps alleviate immediate challenges but also empowers residents by promoting stability and enabling growth. As a result, the initiative contributes to raising the overall standard of living in rural areas, fostering community improvement and resilience.




This information is meant to be a general summary of Florida Rural Rehabilitation 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.

Revenue
$485,225 (2023)
Expenses
$105,761 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,319
  • Program Service Revenue: $480,906
  • Gross Receipts: $485,225

Assets and Liabilities:

  • Total Assets: $10,940,556
  • Total Liabilities: $0
  • Net Assets: $10,940,556

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME

Revenue

$480,906

Organization Details

Founding Year

1934

Principal Officer

John T Woeste

Main Address

4020 NEWBERRY ROAD 150, GAINESVILLE, FL, 32607

NTEE Category

Code: S40 - Community improvement

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