Nevada Rural Housing Inc

Organization Overview

Nevada Rural Housing Inc is located in Carson City, NV. The organization was established in 2005. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Rural Housing 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 06/2021, Nevada Rural Housing Inc generated $398.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $143.3k during the year ending 06/2021. While expenses have increased by 22.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS IN RURAL NEVADA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REAL ESTATE MANAGEMENT INCOME FROM SEVEN LOW INCOME MULTI-FAMILY HOUSING PROPERTIES CONSISTING OF 345 TOTAL UNITS IN RURAL NEVADA. PROVIDE SINGLE FAMILY RESIDENCE AS RENTAL TO A LOW INCOME FAMILY IN CARSON, NV


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Board, Officers & Key Employees

Name (title)Compensation
Diane Arvizo
Vice Preside
$0
Rosella Cook
President
$0
Tiffany Smorra
Secretary/tr
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$260,000
Noncash contributions included in lines 1a–1f $260,000
Total Revenue from Contributions, Gifts, Grants & Similar$260,000
Total Program Service Revenue$137,146
Investment income $1,032
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $398,178

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Nevada Rural Housing Inc has recieved totaling $310,000.

Awarding OrganizationAmount
Charles And Phyllis M Frias Charitable Tr

Las Vegas, NV

PURPOSE: TO CONTRIBUTE TO CHARITABLE PURPOSES.

$260,000
National Low Income Housing Coalition And Low Income Housing

Washington, DC

PURPOSE: $50K COVID RESPONSE

$50,000
View Grant Recipient Profile

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