Overview
What is Alabama Rural Credit Corporation?
The Alabama Rural Credit Corporation is a nonprofit organization situated in Greenville, Alabama. Their primary objective is to promote and develop rural communities within the state by making public loans and offering financial assistance to individuals. This assistance is intended for the purchase of real estate, thereby contributing to the betterment of rural areas, municipalities, and counties in Alabama. With a modest workforce of one employee, the organization plays a crucial role in empowering rural individuals and families financially, thereby enhancing the overall development of the rural communities.
Is Alabama Rural Credit Corporation legitimate?
Alabama Rural Credit Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Alabama Rural Credit 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Alabama Rural Credit Corporation?
The Alabama Rural Credit Corporation aims to foster the development of communities in rural areas by making public loans and providing financial assistance to individuals. Their mission is to promote the growth of municipalities, counties, and other public purposes in Alabama, and to enable rural individuals and families to purchase real estate or improve their existing properties by offering loans and financial assistance. The corporation's primary activity involves processing and lending money to individuals residing in rural areas.
Who is the CEO of Alabama Rural Credit Corporation?
Jason Mullins is the Loan Officer of Alabama Rural Credit Corporation.
What is the revenue of Alabama Rural Credit Corporation?
Alabama Rural Credit Corporation's revenue in 2022 was $376,166.
Who are the executives of Alabama Rural Credit Corporation and what are their salaries?
The average compensation at Alabama Rural Credit Corporation during 2022 was $60,000. There is 1 employee at Alabama Rural Credit Corporation.
Here are 6 key members and their salaries:
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
Where can I find the form 990 for Alabama Rural Credit Corporation?
Alabama Rural Credit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Rural Credit Corporation
Alabama Rural Credit Corporation, a non-profit organization, is dedicated to promoting and developing communities in rural Alabama. They achieve this by providing public loans and financial assistance to individuals in these areas. The corporation's mission is to facilitate the purchase of real estate by rural individuals, thereby contributing to the development of communities, municipalities, and counties in Alabama. Furthermore, Alabama Rural Credit Corporation aims to promote various public purposes by offering financial aid to rural families, enabling them to make improvements to their existing properties. By processing and lending money, this organization plays a significant role in empowering individuals and families in rural Alabama, thereby fostering the growth and development of these communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Alabama Rural Credit Corporation plays a vital role in stimulating the economic and social development of rural communities in Alabama. By providing access to public loans and financial assistance, it empowers individuals and families to purchase real estate and make improvements to their properties. This not only enhances the quality of life for residents but also contributes to the overall growth of municipalities and counties in the region.
Through its focused efforts on lending and financial support, the organization actively promotes the development of rural communities, fostering a sense of stability and promoting health within these areas. The availability of financial resources helps encourage home ownership, which can lead to revitalized neighborhoods and stronger community ties. By enabling people to invest in their homes and properties, Alabama Rural Credit Corporation effectively enhances community infrastructure and drives local economic activity, making a significant impact on the well-being of rural Alabamians.
This information is meant to be a general summary of Alabama Rural Credit 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 2022.
- Investment Income: $7,097
- Program Service Revenue: $369,069
- Gross Receipts: $376,166
Assets and Liabilities:
- Total Assets: $6,413,493
- Total Liabilities: $5,667
- Net Assets: $6,407,826
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$361,512
APPRAISAL & LOAN PROCE
Revenue
$5,351
Late Fee Income
Revenue
$2,206
Organization Details
Founding Year
1937
Phone
(334) 277-8950Principal Officer
Jason Mullins
Main Address
Po Box 586, Greenville, AL, 36037
NTEE Category
Code: E50 - Health
If you are a representative of Alabama Rural Credit Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.