Southtowns Rural Preservation Company Inc
- Assets
- $942.9k
- Revenue
- $216.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, NY
- Founding
- 03/1987
- Data as of
- 12/2021
- EIN
- 16-1277244
Organization Overview
Southtowns Rural Preservation Company Inc is located in Boston, NY. The organization was established in 1987. 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 12/2021, Southtowns Rural Preservation Company Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southtowns Rural Preservation Company Inc 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 12/2021, Southtowns Rural Preservation Company Inc generated $216.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $239.6k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STIMULATE PRESERVATION THROUGH RURAL REINVESTMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING REHABILITATION AND DEVELOPMENT - ASSIST LOW INCOME INDIVIDUALS WITH REHAB AND REPAIR OF THEIR RESIDENCES. ALSO RUN A 12 UNIT APARTMENT BUILDING FOR LOW INCOME INDIVIDUALS AND FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Heatley Executive Director | Officer | 35 | $56,471 |
Mark Tillmans President | OfficerTrustee | 1 | $0 |
Kimberly Parry Secretary | OfficerTrustee | 1 | $0 |
Marcia Hazlett Treasurer | OfficerTrustee | 1 | $0 |
Kathy Allen Vice President | OfficerTrustee | 1 | $0 |
Deborah Fetterly Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,500 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$19,424 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,098 |
| 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. | $56,471 |
| Compensation of current officers, directors, key employees. | $14,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,839 |
| Office expenses | $2,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $363 |
| Interest | $38 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,239 |
| Insurance | $1,774 |
| All other expenses | $14,485 |
| Total functional expenses | $239,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,795 |
| Savings and temporary cash investments | $67,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $520 |
| 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 | $2,962 |
| Net Land, buildings, and equipment | $811,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,807 |
| Total assets | $942,897 |
| Accounts payable and accrued expenses | $3,474 |
| Grants payable | $0 |
| Deferred revenue | $74,168 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,091,763 |
| Other liabilities | $5,625 |
| Total liabilities | $1,175,030 |
| Net assets without donor restrictions | -$232,133 |
| 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 | $942,897 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pathstone Corporation Rochester, NY | $34,934,430 | $39,754,987 |
Allegany County Community Opportunities And Rural Developmen Belmont, NY | $2,583,412 | $6,739,671 |
Psats Enola, PA | $11,834,261 | $6,502,359 |
La Peninsula Community Organization Inc Bronx, NY | $2,816,738 | $5,481,479 |
Greater Easton Development Partnership Easton, PA | $6,246,333 | $3,172,729 |
Center On Rural Innovation Inc Hartland, VT | $3,965,475 | $1,904,173 |
Retreat Farm Brattleboro, VT | $8,221,926 | $3,402,767 |
Rural Development Corp Vineland, NJ | $1,998,052 | $2,373,281 |
Progress Fund Greensburg, PA | $56,975,518 | $5,589,608 |
Greater Pittsburgh Chamber Of Commerce Pittsburgh, PA | $334,273 | $1,396,311 |
Western Catskills Community Revitalization Council Inc Stamford, NY | $944,018 | $1,125,761 |
Vermont Council On Rural Development Inc Montpelier, VT | $695,971 | $938,553 |