Overview
What is Rural Nevada Development Corporation?
The Rural Nevada Development Corporation (RNDC) is a 501(c) 3 nonprofit organization, established in 1992, dedicated to serving 15 rural counties, two rural districts, and 27 Native American tribes in Nevada. Their primary mission involves addressing critical issues in these communities, particularly focusing on affordable housing, down payment assistance, homeowner rehabilitation, and small business lending practices. RNDC has been recognized as a Community Development Financial Institution (CDFI) by the Department of Treasury, demonstrating their success in leveraging resources from both public and private sources. Their initiatives have garnered recognition, with their business-lending program winning a Best Practice Award from HUD in 1999. Based in Ely, Nevada, RNDC employs a team of 13 individuals committed to improving the well-being of rural Nevadans.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Rural Nevada Development Corporation has achieved a solid Three-Star rating from Charity Navigator, reflecting a commendable score in Accountability & Finance. The organization demonstrates strong governance, with a fully independent board and effective oversight mechanisms in place. It excels in program expense efficiency and maintains a healthy level of working capital, showcasing a commitment to transparent and responsible financial practices.
While the organization has notable strengths, there are areas for improvement, particularly in fundraising efficiency, where it scored zero points. This suggests that the organization may need to enhance its fundraising strategies to better support its mission. Additionally, the liabilities to assets ratio indicates a moderate level of financial risk, which may warrant attention to ensure long-term sustainability.
Overall, Rural Nevada Development Corporation is effectively managing its resources and governance, but enhancing fundraising efforts could further strengthen its impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Rural Nevada Development Corporation legitimate?
Rural Nevada Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural Nevada Development 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: $169,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $490,070
For more financial information, click here
What is the mission statement of Rural Nevada Development Corporation?
The Rural Nevada Development Corporation, established as a 501(c) 3 non-profit in 1992, is committed to promoting economic development in fifteen rural counties, rural Clark and Washoe counties, and twenty-seven Native American tribes within Nevada. The organization has demonstrated a responsive approach to addressing critical issues, focusing on areas such as affordable housing, down payment assistance, homeowner rehabilitation, and small business alternative lending practices. It has gained recognition as a Community Development Financial Institution (CDFI) by the Department of Treasury, thanks to its effectiveness in leveraging resources and involvement from both public and private sources. In 1999, Rural Nevada Development Corporation's business-lending program was honored with a Best Practice Award from HUD for its innovative approach in addressing problems and efficiently utilizing resources.
Who is the CEO of Rural Nevada Development Corporation?
Mary Kerner is the Ceo of Rural Nevada Development Corporation. The CEO's salary of Rural Nevada Development Corporation is $155,461 and their total compensation is $169,392.
What is the revenue of Rural Nevada Development Corporation?
Rural Nevada Development Corporation's revenue in 2023 was $4,912,598.
Who are the executives of Rural Nevada Development Corporation and what are their salaries?
The average compensation at Rural Nevada Development Corporation during 2023 was $50,728. There are 13 employees and 8 volunteers at Rural Nevada Development Corporation.
Here are 9 key members and their salaries (Rural Nevada Development Corporation's CEO's salary is $155,461 and their total compensation is $169,392):
- Compensation: $155,461
- Related: $0
- Other: $13,931
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rural Nevada Development Corporation?
Rural Nevada Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rural Nevada Development Corporation
The Rural Nevada Development Corporation (RNDC), established in 1992 as a 501(c) 3 non-profit, is committed to serving the economic development needs of fifteen rural counties, two urban counties, and twenty-seven Native American tribes in Nevada. This organization has responded to the challenges faced by rural communities, focusing on critical issues such as affordable housing, down payment assistance, homeowner rehabilitation, and small business alternative lending practices. Due to its effectiveness in leveraging resources and involvement from both public and private sources, RNDC received certification as a Community Development Financial Institution (CDFI) from the Department of Treasury. This recognition highlights RNDC's innovative approach to addressing economic development challenges in Nevada's rural areas. In 1999, RNDC's business-lending program was recognized with a Best Practice Award from HUD for its creativity in addressing problems and efficiently utilizing resources.
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
July, 2024
Rural Nevada Development Corporation's impact includes providing funding for housing rehabilitation to low-income homeowners as determined by the Department of Agriculture and HUD. They have been responsive to the needs of rural communities by addressing critical issues such as affordable housing, down payment assistance, homeowner rehabilitation, and small business alternative lending practices. Additionally, the organization has received certification from the Department of Treasury as a Community Development Financial Institution (CDFI) and has been successful in leveraging involvement statewide from public and private sources. In 1999, RNDC's business lending program won a Best Practice Award from HUD for its creativity in addressing problems and effectively leveraging resources.
This information is meant to be a general summary of Rural Nevada Development 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 2023.
- Investment Income: $799,974
- Program Service Revenue: $322,122
- Gross Receipts: $4,912,598
Assets and Liabilities:
- Total Assets: $28,451,438
- Total Liabilities: $11,858,575
- Net Assets: $16,592,863
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.
FEES
Revenue
$178,417
MULTI-FAMILY HOUSING
Revenue
$143,705
Organization Details
Founding Year
1992
Phone
(775) 289-8519Principal Officer
Mary Kerner
Main Address
1320 EAST AULTMAN STREET, ELY, NV, 89301
NTEE Category
Code: Z99Z - Unknown
If you are a representative of Rural Nevada Development 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.