RURAL DEVELOPMENT INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
RURAL DEVELOPMENT INC (EIN 22-3139262)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-03
IRS object ID
202341239349302809
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-03T15:07:50-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223139262EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RURAL DEVELOPMENT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRURABusinessNameControlTxt
Phone4138639781PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1241 MILLERS FALLS ROADAddressLine1Txt
CityTURNERS FALLSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01376ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGINA GOVONIPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone4138639781PhoneNum
Signature2023-04-20SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGINAPersonFirstNm
Person LastGOVONIPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID KELLEHER CPAPreparerPersonNm
PTINP01059560PTIN
Phone5083669100PhoneNum
Preparation2023-04-20PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGINA GOVONIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1241 MILLERS FALLS ROADAddressLine1Txt
CityTURNERS FALLSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01376ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$420,362GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RURALDEVELOPMENTINC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1991FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionIT IS THE MISSION OF RURAL DEVELOPMENT, INC. (RDI) TO ADVANCE THE RIGHT OF ALL PEOPLE IN FRANKLIN COUNTY AND THE NORTH QUABBIN REGION TO OCCUPY ENVIRONMENTALLY RESPONSIBLE, ENERGY EFFICIENT, AFFORDABLE HOUSING AND TO IMPROVE ECONOMIC INDEPENDENCE. RDI STRIVES TO PROMOTE ENVIRONMENTAL AWARENESS AND TO OPERATE IN A MANNER THAT IS RESPECTFUL OF THE RURAL CHARACTER OF OUR REGION.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,254,267PYContributionsGrantsAmt
CY Contributions Grants$9,533CYContributionsGrantsAmt
PY Program Service Revenue$350,222PYProgramServiceRevenueAmt
CY Program Service Revenue$379,542CYProgramServiceRevenueAmt
PY Investment Income$70PYInvestmentIncomeAmt
CY Investment Income$62CYInvestmentIncomeAmt
PY Other Revenue$2,994PYOtherRevenueAmt
CY Other Revenue$31,225CYOtherRevenueAmt
PY Total Revenue$1,607,553PYTotalRevenueAmt
CY Total Revenue$420,362CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$782,529PYOtherExpensesAmt
CY Other Expenses$798,795CYOtherExpensesAmt
PY Total Expenses$782,529PYTotalExpensesAmt
CY Total Expenses$798,795CYTotalExpensesAmt
PY Revenues Less Expenses$825,024PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$378,433CYRevenuesLessExpensesAmt
Total Assets BOY$6,024,870TotalAssetsBOYAmt
Total Assets EOY$13,267,936TotalAssetsEOYAmt
Total Liabilities BOY$4,821,373TotalLiabilitiesBOYAmt
Total Liabilities EOY$12,442,872TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,203,497NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$825,064NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionIT IS THE MISSION OF RDI TO ADVANCE THE RIGHT OF ALL PEOPLE IN FRANKLIN COUNTY AND THE NORTH QUABBIN REGION TO OCCUPY ENVIRONMENTALLY RESPONSIBLE, ENERGY EFFICIENT, AFFORDABLE HOUSING AND TO IMPROVE ECONOMIC INDEPENDENCE. RDI STRIVES TO PROMOTE ENVIRONMENTAL AWARENESS AND TO OPERATE IN A MANNER THAT IS RESPECTFUL OF THE RURAL CHARACTER OF OUR REGION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$655,017ExpenseAmt
Revenue$410,767RevenueAmt
DescAFFORDABLE HOUSING - THIS PROGRAM OFFERS TWENTY-FIVE UNITS OF AFFORDABLE HOUSING TO LOW TO MODERATE INCOME PERSONS IN ASHFIELD AND ORANGE MASSACHUSETTS.Desc
Total Program Service Expenses$655,017TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document36IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLISA CORNISHPersonNm
Phone4138639781PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1241 MILLERS FALLS ROADAddressLine1Txt
CityTURNERS FALLSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01376ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
LINDA DUNLAVY
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
CHRISTOPHER SIKES
VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$01.00
CLARE HIGGINS
TREASURER1.00Yes (X)Yes (X)$0$0$01.00
REGINA CURTIS
SECRETARY1.00Yes (X)Yes (X)$0$0$0
LESLIE BROWN
DIRECTOR1.00Yes (X)$0$0$01.00
LEVI ROMAN
DIRECTOR1.00Yes (X)$0$0$0
BILL BREITBART
DIRECTOR1.00Yes (X)$0$0$0
FAITH WILLIAMS
DIRECTOR1.00Yes (X)$0$0$0
SHAUNDELL DIAZ
DIRECTOR1.00Yes (X)$0$0$0
SHARON COTTRELL
DIRECTOR (UNTIL 11/2021)1.00Yes (X)$0$0$0
GINA GOVONI
EXECUTIVE DIRECTOR20.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MARIOS CONSTRUCTION CO INC
262 OLD LYMAN ROADSO HADLEYMA01075CONSTRUCTION$2,844,317
AUSTIN DESIGN INC
167 MAIN STREET SUITE 302BRATTLEBOROVT05301ARCHITECTUAL ENGINEERING$624,640
VALLEY COMMUNITY DEVELOPMENT CORPORATION
256 PLEASANT ST SUITE ANORTHAMPTONMA01060DEVELOPERS$355,586
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$9,533AllOtherContributionsAmt
Total Contributions$9,533TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531110$332,743$332,743
INTEREST INCOME ON NOT900099$46,799$46,799
FieldValueIRS element (for citing)
Total Program Service Revenue$379,542TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$62TotalRevenueColumnAmt
Exclusion$62ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business531390BusinessCd
Total Revenue Column$31,225TotalRevenueColumnAmt
Related Or Exempt Func Income$31,225RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$31,225OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$420,362TotalRevenueColumnAmt
Related Or Exempt Func Income$410,767RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$62ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$186,422TotalAmt
Program Services$95,907ProgramServicesAmt
Management And General$90,515ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,195TotalAmt
Program Services$3,195ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,150TotalAmt
Management And General$26,150ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$310,966TotalAmt
Program Services$297,316ProgramServicesAmt
Management And General$13,650ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,639TotalAmt
Program Services$5,175ProgramServicesAmt
Management And General$464ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$204,247TotalAmt
Program Services$192,131ProgramServicesAmt
Management And General$12,116ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,683TotalAmt
Program Services$1,683ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$54,678TotalAmt
Program Services$54,678ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Total$5,815TotalAmt
Program Services$4,932ProgramServicesAmt
Management And General$883ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$798,795TotalAmt
Program Services$655,017ProgramServicesAmt
Management And General$143,778ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$530,693BOYAmt
EOY$481,794EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$29,131BOYAmt
EOY$16,362EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,016BOYAmt
EOY$17,184EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$11,503,322LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$819,899LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,908,346BOYAmt
EOY$10,683,423EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$1,408,754BOYAmt
EOY$1,455,553EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$129,930BOYAmt
EOY$613,620EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,024,870BOYAmt
EOY$13,267,936EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$342,941BOYAmt
EOY$1,285,789EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$13,175BOYAmt
EOY$12,249EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$4,465,257BOYAmt
EOY$10,602,071EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$542,763EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,821,373BOYAmt
EOY$12,442,872EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,203,497BOYAmt
EOY$825,064EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,203,497BOYAmt
EOY$825,064EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,024,870BOYAmt
EOY$13,267,936EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$378,433ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,573CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,470CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,610CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,254,267CurrentTaxYearMinus1YearAmt
Current Tax Year$9,533CurrentTaxYearAmt
Total$1,279,453TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$325,106CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$294,917CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$289,753CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$353,216CurrentTaxYearMinus1YearAmt
Current Tax Year$410,767CurrentTaxYearAmt
Total$1,673,759TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$331,679CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$301,387CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$292,363CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,607,483CurrentTaxYearMinus1YearAmt
Current Tax Year$420,300CurrentTaxYearAmt
Total$2,953,212TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$49,615CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$91,929CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$157,999CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$39,706CurrentTaxYearMinus1YearAmt
Current Tax Year$225,048CurrentTaxYearAmt
Total$564,297TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$49,615CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$91,929CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$157,999CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$39,706CurrentTaxYearMinus1YearAmt
Current Tax Year$225,048CurrentTaxYearAmt
Total$564,297TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,388,915PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$298CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$246CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70CurrentTaxYearMinus1YearAmt
Current Tax Year$62CurrentTaxYearAmt
Total$826TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$298CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$246CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70CurrentTaxYearMinus1YearAmt
Current Tax Year$62CurrentTaxYearAmt
Total$826TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$331,977CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$301,633CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$292,513CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,607,553CurrentTaxYearMinus1YearAmt
Current Tax Year$420,362CurrentTaxYearAmt
Total$2,954,038TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.80870PublicSupportCY509Pct
Public Support PY5090.86090PublicSupportPY509Pct
Investment Income CY0.00030InvestmentIncomeCYPct
Investment Income PY0.00040InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$625,500OtherCostOrOtherBasisAmt
Book Value$625,500BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,192,487OtherCostOrOtherBasisAmt
Depreciation$813,559DepreciationAmt
Book Value$1,378,928BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,340OtherCostOrOtherBasisAmt
Depreciation$6,340DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,678,995OtherCostOrOtherBasisAmt
Book Value$8,678,995BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$10,683,423TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescNOTES RECEIVABLEDesc
Book Value$1,455,553BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$1,455,553TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescACCRUED DEVELOPER FEEDesc
Amt$542,763Amt
FieldValueIRS element (for citing)
Total Liability$542,763TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 2B:THE ESCROW ACCOUNT LIABILITY ON FORM 990, PART X, LINE 21 REFLECTS TENANT SECURITY DEPOSITS WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANTS UPON TERMINATION OF THE RESPECTIVE LEASE.
PART X, LINE 2:RDI ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. RDI HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT JUNE 30, 2022. HOWEVER, RDI'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3RDI AND THE BOARD OF DIRECTORS HAS ENGAGED FRANKLIN COUNTY REGIONAL HOUSING AND REDEVELOPMENT AUTHORITY TO SERVE AS A MANAGEMENT COMPANY AND MANAGE THE DAY-TO-DAY MANAGEMENT AND OPERATIONAL FUNCTIONS OF RDI.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS FIRST REVIEWED BY MANAGEMENT OF FRANKLIN COUNTY REGIONAL HOUSING AND REDEVELOPMENT AUTHORITY, THE MANAGEMENT COMPANY ENGAGED BY RDI TO PERFORM DAILY MANAGEMENT AND OPERATIONAL FUNCTIONS. THEN, THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL, BEFORE IT IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD OF DIRECTORS ARE REQUIRED TO SIGN OFF ANNUALLY ON RDI'S CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION C, LINE 18RDI'S FORM 1023 IS AVAILABLE UPON REQUEST. RDI'S FORM 990 IS AVAILABLE UPON REQUEST AND ANOTHER'S WEBSITE AT WWW.GUIDESTAR.ORG.
FORM 990, PART VI, SECTION C, LINE 19RDI'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART VI, LINE 16B:RDI'S POLICY OVER EVALUATING ITS PARTICIPATION IN JOINT VENTURE ARRANGEMENTS INVOLVES AN ASSESSMENT PERFORMED BY RDI'S BOARD OF DIRECTORS TO ENSURE THE TERMS OF ANY POTENTIAL JOINT VENTURE RELATIONSHIP IS PERMITTED UNDER APPLICABLE FEDERAL TAX LAW AND RDI'S EXEMPT STATUS IS BEING SAFEGUARDED. IN ADDITION, FORMAL OPERATING AND OTHER APPLICABLE AGREEMENTS ARE FORMALLY EXECUTED BY ALL PARTIES INVOLVED AND CLEARLY OUTLINE RDI'S ROLE IN ALL JOINT VENTURE RELATIONSHIPS.
FORM 990, PART IX, LINE 11GOTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 297,316. MANAGEMENT AND GENERAL EXPENSES 13,650. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 310,966.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS A FINANCE COMMITTEE THAT HAS OVERSIGHT OF THE AUDIT PROCESS. THE FINANCE COMMITTEE MEETS WITH THE AUDITORS AND PRESENTS A SUMMARY OF THE AUDIT RESULTS TO THE FULL BOARD OF DIRECTORS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
ASHFIELD HOUSE LLC
241 MILLERS FALLS ROADTURNERS FALLSMA01376061765926AFFORDABLE HOUSINGMA$218,097$1,354,391RURAL DEVELOPMENT INC
P & G LLC
241 MILLERS FALLS ROADTURNERS FALLSMA01376208919939AFFORDABLE HOUSINGMA$71,626$273,264RURAL DEVELOPMENT INC
WISDOM WAY SOLAR VILLAGE LLC
241 MILLERS FALLS ROADTURNERS FALLSMA01376263282996AFFORDABLE HOUSINGMA$31,470$51,336RURAL DEVELOPMENT INC
SANDERSON PLACE LLC
241 MILLERS FALLS ROADTURNERS FALLSMA01376861282706AFFORDABLE HOUSINGMA$10,240,604RURAL DEVELOPMENT INC

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPct
CROCKER CUTLERY LIMITED PARTNERSHIP
241 MILLERS FALLS ROADTURNERS FALLSMA01376043457117AFFORDABLE HOUSINGMACROCKER CUTLERY INC-$199,490$4,457,554000.99900
MOLTENBREY APARTMENTS LIMITED PARTNERSHIP
241 MILLERS FALLS ROADTURNERS FALLSMA01376200356298AFFORDABLE HOUSINGMAMOLTENBREY APARTMENTS INC-$153,897$2,276,008000.99990

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
CROCKER CUTLERY INC
241 MILLERS FALLS ROADTURNERS FALLSMA01376043456356AFFORDABLE HOUSINGMARURAL DEVELOPMENT INCC-$858$984,3271.00000Yes (1)
MOLTENBREY APARTMENTS INC
241 MILLERS FALLS ROADTURNERS FALLSMA01376200356221AFFORDABLE HOUSINGMARURAL DEVELOPMENT INCC-$8511.00000Yes (1)
SANDERSON PLACE GM LLC
241 MILLERS FALLS ROADTURNERS FALLSMA01376861227287AFFORDABLE HOUSINGMARURAL DEVELOPMENT INCC0.790000
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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