Orange County Rural Development
- Assets
- $777.7k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Walden, NY
- Founding
- 08/1985
- Data as of
- 12/2023
- EIN
- 14-1645494
Organization Overview
Orange County Rural Development is located in Walden, NY. The organization was established in 1985. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Orange County Rural Development employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orange County Rural Development is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Orange County Rural Development generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 18.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RURAL REVITALIZATION AND COMMUNITY RENEWAL ACTIVITIES IN NEW YORK STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP REAL ESTATE PROJECTS TO SUPPORT THE ORGANIZATIONS MISSION TO PROVIDE MODERATE REHIBILITATION AND ACQUISITIONS FOR FIRST TIME HOME BUYERS
HOME OWNERSHIP/FINANCIAL COUNSELING PROVIDED.
PROVIDE AND MANAGE QUALITY LOW INCOME RENTAL UNITS TO THOSE NEEDING THIS SERVICE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Mcknight President | OfficerTrustee | 3 | $0 |
Rachel Simons Vice President | OfficerTrustee | 3 | $0 |
Brian Maher Secretary | OfficerTrustee | 3 | $0 |
Frank Desiervo Treasurer | OfficerTrustee | 3 | $0 |
Kevin O'connor Director | Trustee | 3 | $0 |
Nancy Curasi Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,913,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,200,236 |
| Total Program Service Revenue | $34,200 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,222,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,299 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,956 |
| Payroll taxes | $11,816 |
| Fees for services: Management | $27,724 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,188 |
| Advertising and promotion | $2,800 |
| Office expenses | $20,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $410 |
| Interest | $9,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,909 |
| Insurance | $7,411 |
| All other expenses | $11,191 |
| Total functional expenses | $2,003,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,550 |
| Net Land, buildings, and equipment | $326,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,658 |
| Accounts payable and accrued expenses | $160,721 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $142,971 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $303,692 |
| Net assets without donor restrictions | $473,966 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $777,658 |