Overview
What is Rural Community Development Resources?
Rural Community Development Resources, located in Yakima, Washington, is a nonprofit organization dedicated to empowering low-income entrepreneurs. They offer a range of resources to help these entrepreneurs thrive, including technical assistance such as business plan development and workshops, one-on-one counseling, and assistance with business licensing paperwork. They also focus on financial literacy and bookkeeping education, emphasizing the importance of proper reporting to taxing entities. In some cases, they provide microenterprises with direct loans for startup or expansion, if conventional financing is not an option. The primary goal of Rural Community Development Resources is to encourage community development through self-employment opportunities.
Official website here: www.rcdr.biz
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
Rural Community Development Resources has achieved an impressive Four-Star rating from Charity Navigator, reflecting high standards in accountability and finance. The organization scored 96% in financial oversight, indicating robust management practices, including a fully independent board and effective audit processes. These attributes contribute to a strong foundation, ensuring that funds are utilized effectively to support their mission.
Strengths highlighted in the data include a significant commitment to impact, evidenced by a program expense ratio of 70.92%, meaning that the majority of their funds are directed toward programs rather than administrative costs. Constituent feedback is also remarkably high, with a perfect score in feedback collection and usage, showcasing the organization's dedication to listening and responding to the communities they serve.
However, there are areas for improvement, particularly regarding their whistleblower policy, which is currently not in place. Additionally, while their equity strategies score is commendable, it leaves room for further development to enhance inclusivity and address systemic barriers. Overall, Rural Community Development Resources stands out as a reliable nonprofit committed to transparency and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Rural Community Development Resources legitimate?
Rural Community Development Resources is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural Community Development Resources 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: $107,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,891
For more financial information, click here
Official website here: www.rcdr.biz
What is the mission statement of Rural Community Development Resources?
Rural Community Development Resources' mission is centered around fostering community development by creating self-employment opportunities for entrepreneurs from low-income backgrounds. To achieve this, the organization provides essential resources such as business plan development, structured educational workshops, one-on-one business counseling, and assistance with obtaining necessary business licenses. They also offer guidance on financial literacy and help entrepreneurs set up their bookkeeping, emphasizing the importance of proper reporting to various taxing entities. Additionally, RCDR can offer microenterprises direct loans for startup and expansion, if they do not qualify for conventional financing.
Official website here: www.rcdr.biz
Who is the CEO of Rural Community Development Resources?
Maria Dj Rodriguez is the Executive Director of Rural Community Development Resources.
Official website here: www.rcdr.biz
What is the revenue of Rural Community Development Resources?
Rural Community Development Resources's revenue in 2021 was $2,240,465.
Official website here: www.rcdr.biz
Who are the executives of Rural Community Development Resources and what are their salaries?
The average compensation at Rural Community Development Resources during 2021 was $41,065. There are 6 employees and 2 volunteers at Rural Community Development Resources.
Here are 6 key members and their salaries:
- Compensation: $107,500
- 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
Official website here: www.rcdr.biz
Where can I find the form 990 for Rural Community Development Resources?
Rural Community Development Resources's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.rcdr.biz
Learn more at the official website: www.rcdr.biz
Mission Statement of Rural Community Development Resources
Rural Community Development Resources, or RCDR, is an organization dedicated to fostering community development. Their mission is centered around creating self-employment opportunities for individuals from low-income backgrounds. In pursuit of this goal, RCDR provides various resources and assistance to aspiring entrepreneurs. This aid encompasses the development of business plans, structured educational workshops, one-on-one business counseling, and guidance in filling out necessary paperwork, such as business licenses. Moreover, RCDR offers financial literacy education and assistance in setting up bookkeeping, emphasizing the importance of proper reporting to taxing entities. If conventional financing is not an option, RCDR can also provide microenterprises with direct loans to support their start-up or expansion efforts. In essence, Rural Community Development Resources serves as a catalyst for community development by empowering low-income entrepreneurs to realize their self-employment aspirations.
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Impact
July, 2024
Rural Community Development Resources (RCDR) plays a vital role in supporting low-income entrepreneurs in Yakima, Washington, by providing essential resources and assistance to help them succeed in self-employment ventures. Through services such as business plan development, educational workshops, one-on-one counseling, and facilitating necessary paperwork, RCDR equips individuals with the knowledge and tools needed to establish and grow their businesses. Additionally, the organization offers direct loans to microenterprises that may not qualify for traditional financing, further enabling entrepreneurship in the community. RCDR's impactful efforts contribute to fostering economic empowerment and community development among underserved populations in Yakima.
This information is meant to be a general summary of Rural Community Development Resources. 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 2021.
- Program Service Revenue: $284,869
- Gross Receipts: $2,240,465
Assets and Liabilities:
- Total Assets: $6,728,981
- Total Liabilities: $900,541
- Net Assets: $5,828,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income
Revenue
$236,517
Loan Fees and programmatic fees
Revenue
$32,790
Loan expenses reimbursed and other fees earned
Revenue
$15,562
Organization Details
Founding Year
1990
Phone
(509) 453-5133Principal Officer
Maria Dj Rodriguez
Main Address
PO Box 9492, Yakima, WA, 98909
Website
www.rcdr.bizNTEE Category
Code: Z99Z - Unknown
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