Overview
What is Texas Rural Communiites Inc?
Texas Rural Communities Inc, based in Buda, Texas, is a dedicated nonprofit organization with a mission to enhance and sustain rural development enterprises. They offer long-term assistance to rural communities, individuals, and groups, aiming to create self-sufficient and viable ventures that improve or maintain the quality of rural life. Their efforts are often carried out independently and cooperatively. One of their primary activities involves providing rural business loans in defined program areas, with the Board of Directors setting the criteria. They have also collaborated with the Farm Service Agency (FSA) to offer participation loans for farm and ranch real estate acquisitions, contributing half of the borrower's loan and securing a first lien on the property. This organization operates with only two employees, demonstrating their commitment to making a significant impact in rural communities.
Official website here: www.texasrural.org
Is Texas Rural Communiites Inc legitimate?
Texas Rural Communiites Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Rural Communiites 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: $139,385
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,084
For more financial information, click here
Official website here: www.texasrural.org
What is the mission statement of Texas Rural Communiites Inc?
Texas Rural Communities Inc, often referred to as TRC, is dedicated to assisting rural communities, individuals, groups, and support organizations in creating, sustaining, and enabling self-sufficient, viable rural development enterprises. This is done to improve or maintain the quality of rural life through independent and cooperative ventures. The organization makes loans to rural businesses in specific program areas that meet the criteria established by their board of directors. These loans have been granted independently by TRC as well as in cooperation with the Farm Service Agency (FSA) for the acquisition of farm and ranch real estate. The goal is to support rural development enterprises, thereby improving the overall rural lifestyle.
Official website here: www.texasrural.org
Who is the CEO of Texas Rural Communiites Inc?
Travis Loe is the Chair of Texas Rural Communiites Inc.
Official website here: www.texasrural.org
What is the revenue of Texas Rural Communiites Inc?
Texas Rural Communiites Inc's revenue in 2023 was $641,345.
Official website here: www.texasrural.org
Who are the executives of Texas Rural Communiites Inc and what are their salaries?
The average compensation at Texas Rural Communiites Inc during 2023 was $96,234. There are 2 employees at Texas Rural Communiites Inc.
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- Compensation: $107,449
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- Other: $31,936
Official website here: www.texasrural.org
Where can I find the form 990 for Texas Rural Communiites Inc?
Texas Rural Communiites Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.texasrural.org
Learn more at the official website: www.texasrural.org
Mission Statement of Texas Rural Communiites Inc
Texas Rural Communities, Inc. (TRC) is dedicated to supporting rural communities, individuals, groups, and organizations in establishing, sustaining, and enabling self-sufficient, viable rural development enterprises. The organization's mission is to improve or maintain the quality of rural life through independent and cooperative ventures. TRC makes long-term commitments to assist these entities, focusing on creating and maintaining sustainable rural development enterprises. By offering loans to rural businesses in specific program areas, TRC helps improve the economic landscape of these communities. In some instances, TRC funds half of the loan amount for the acquisition of farm and ranch real estate, working in cooperation with the Farm Service Agency (FSA) for the remaining loan amount. This partnership allows TRC to maintain a first lien on the real estate and the FSA to retain a subordinate lien.
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Impact
October, 2024
Texas Rural Communities Inc significantly enhances the quality of life in rural areas through its dedicated efforts in facilitating rural development. By providing financial support in the form of rural development loans, TRC empowers local businesses and agricultural producers to acquire essential resources like farmland and commercial properties. These loans are structured to foster self-sufficiency and viability within the community, enabling individuals and groups to create and sustain enterprises that benefit the local economy.
TRC's commitment extends beyond mere financial assistance; it aims to support a holistic approach to rural development. The organization works in tandem with groups and support organizations, fostering cooperation and collaboration that amplifies the impact of their initiatives. This collaborative effort encourages the establishment of independent and cooperative ventures that not only enhance economic opportunities but also contribute to the overall vibrancy and resilience of rural communities in Texas.
The long-term benefits of TRC's work are evident as they cultivate environments where rural life can thrive, ultimately improving the standard of living for residents. By focusing on sustainable practices and self-sufficiency, Texas Rural Communities Inc plays a crucial role in the ongoing development and empowerment of rural areas, ensuring they remain viable and dynamic places for current and future generations.
This information is meant to be a general summary of Texas Rural Communiites 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 2023.
- Investment Income: $239,610
- Program Service Revenue: $110,884
- Gross Receipts: $641,345
Assets and Liabilities:
- Total Assets: $9,036,621
- Total Liabilities: $14,486
- Net Assets: $9,022,135
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RURAL LOAN PROGRAM
Revenue
$110,884
Organization Details
Founding Year
1934
Phone
(512) 312-9029Principal Officer
Travis Loe
Main Address
168 CIMARRON PARK LOOP, BUDA, TX, 78610
Website
www.texasrural.orgNTEE Category
Code: S32Z - Community improvement
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