Rural Development Corp
- Assets
- $4.4m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 59
- Location
- Vineland, NJ
- Founding
- 07/1976
- Data as of
- 12/2023
- EIN
- 51-0188108
Organization Overview
Rural Development Corp is located in Vineland, NJ. The organization was established in 1976. 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, Rural Development Corp employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Development Corp 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, Rural Development Corp generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 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
THE ORGANIZATION'S MISSION IS TO PROVIDE COMMUNITY ORGANIZATION AND OUTREACH BY ADMINISTERING VARIOUS SOCIAL SERVICES INCLUDING A REGIONAL FOOD DISTRIBUTION PROGRAM AND A FAMILIY SHELTER PROGRAM TO THE DISADVANTAGED AND NEEDY RESIDENTS OF SOUTHERN NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN REGIONAL FOOD DISTRIBUTION CENTER OPERATER A REGIONAL FOOD BANK, SERVING SOUP KITCHEN PROGRAMS FOR THE HOMELESS AND NEEDY. THE DISTRIBUTION CENTER ALSO SUPPLIES FOOD TO NON-PROFIT EMERGENCY FOOD PANTRIES IN ATLANTIC, CAMDEN, CAPE MAY & CUMBERLAND COUNTIES
CUMBERLAND FAMILY SHELTER OPERATES A HOMELESS SHELTER PROVIDING SUPPORTIVE TRANSPORTATION, CASE MANAGEMENT, CLOTHING, AND MEALS TO FAMILIES, COUPLES AND SINGLE MEN AND WOMEN FROM ATLANTIC, CAMDEN, SALEM & CUMBERLAND COUNTIES BY REFERRAL AS A SAFER AND MORE AFFORDABLE ALTRERNATIVE TO UNSUPERVISED MOTEL PLACEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Fischer President | OfficerTrustee | 2 | $0 |
Kellie Slade Vice Preside | OfficerTrustee | 2 | $0 |
Bridget Sharer Secretary | OfficerTrustee | 2 | $0 |
Jay Einstein Treasurer | OfficerTrustee | 2 | $0 |
Todd Buonodonna Board Member | Trustee | 2 | $0 |
Kim Codispoti Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,218,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,284,674 |
| Total Program Service Revenue | $1,337,667 |
| Investment income | $20,453 |
| 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 | $5,642,794 |
| 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 | $936,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,808 |
| Payroll taxes | $96,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,669 |
| Fees for services: Accounting | $32,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,360 |
| Advertising and promotion | $15,804 |
| Office expenses | $43,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,540 |
| Interest | $13,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,833 |
| Insurance | $50,289 |
| All other expenses | $13,689 |
| Total functional expenses | $4,322,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,655,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $382,802 |
| Accounts receivable, net | $0 |
| 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 | $8,889 |
| Net Land, buildings, and equipment | $1,445,717 |
| Investments—publicly traded securities | $102,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $851,148 |
| Total assets | $4,446,184 |
| Accounts payable and accrued expenses | $617,293 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $14,181 |
| Other liabilities | $1,076,565 |
| Total liabilities | $1,708,039 |
| Net assets without donor restrictions | $2,738,145 |
| 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 | $4,446,184 |