Rupco Inc
- Assets
- $24.9m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 77
- Location
- Kingston, NY
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 22-2368174
Organization Overview
Rupco Inc is located in Kingston, NY. The organization was established in 1982. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Rupco Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rupco 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, Rupco Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $10.1m during the year ending 12/2021. While expenses have increased by 3.7% 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
OUR MISSION IS TO CREATE HOMES, SUPPORT PEOPLE AND IMPROVE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW-COST HOUSING FOR LOW-INCOME, ELDERLY, AND DISABLED PERSONS.
PROVIDE COUNSELING FOR HOUSING PURCHASES AND MANAGEMENT OF GRANT PROGRAMS TO ASSIST LOW INCOME PEOPLE WITH NESSECARY REPAIRS FOR HOMES AND SECTION 8 RENTAL UNITS.
DEVELOP REAL ESTATE PROJECTS TO SUPPORT THE ORGANZATIONS MISSION TO PROVIDE LOW COST QUALITY HOUSING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greer Smith Secretary | Officer | 1 | $0 |
Eliza Bozenski Chairperson | Officer | 1 | $0 |
Kevin O'connor Chief Exec Off. | Officer | 40 | $0 |
Sheila Kilpatrick COO | Officer | 40 | $0 |
Adam Mandell ESQ Vice Chair | Officer | 1 | $0 |
Michael Schreiber CFO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,062,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,622,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,684,960 |
| Total Program Service Revenue | $5,408,566 |
| Investment income | $4,285 |
| 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 | $11,097,811 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,596,962 |
| Pension plan accruals and contributions | $82,972 |
| Other employee benefits | $0 |
| Payroll taxes | $248,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151,327 |
| Fees for services: Accounting | $24,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,726 |
| Office expenses | $46,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $288,889 |
| Travel | $25,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,777 |
| Interest | $117,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $601,396 |
| Insurance | $1,128,443 |
| All other expenses | $864,886 |
| Total functional expenses | $10,112,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,946,362 |
| Savings and temporary cash investments | $266,570 |
| Pledges and grants receivable | $527,499 |
| Accounts receivable, net | $932,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,743,116 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $274,704 |
| Net Land, buildings, and equipment | $7,498,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,133 |
| Other assets | $1,736,772 |
| Total assets | $24,947,682 |
| Accounts payable and accrued expenses | $297,441 |
| Grants payable | $0 |
| Deferred revenue | $3,130,704 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $72,724 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,696,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $195,704 |
| Total liabilities | $8,393,450 |
| Net assets without donor restrictions | $15,945,578 |
| Net assets with donor restrictions | $608,654 |
| 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 | $24,947,682 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Rupco Inc has recieved totaling $410,757.
| Awarding Organization | Amount |
|---|---|
Novo Foundation Kingston, NY PURPOSE: PROJECT SUPPORT: THE METRO | $362,726 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $23,515 |
The Center For New York City New York, NY PURPOSE: HOUSING & LEGAL COUNSELING | $12,495 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY PURPOSE: HOUSING & SHELTER | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $191,922,281 | $44,983,722 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |