Rural Development Corp
- Assets
- $2.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 54
- Location
- Vineland, NJ
- Founding
- 07/1976
- Data as of
- 12/2021
- 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 12/2021, Rural Development Corp employed 54 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 12/2021, Rural Development Corp generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
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 |
|---|---|---|---|
Jill Lombardo Executive Di | OfficerTrustee | 40 | $98,933 |
Robert Fischer President | OfficerTrustee | 2 | $0 |
Kellie Slade Vice Preside | OfficerTrustee | 2 | $0 |
Edward Morvay Treasurer | OfficerTrustee | 2 | $0 |
Bridget Sharer Secretary | OfficerTrustee | 2 | $0 |
Todd Buonodonna Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,824,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,851,887 |
| Total Program Service Revenue | $519,016 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,373,281 |
| 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 | $728,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,151 |
| Payroll taxes | $80,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,774 |
| Fees for services: Accounting | $28,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,635 |
| Advertising and promotion | $8,763 |
| Office expenses | $53,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,133 |
| Interest | $8,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,228 |
| Insurance | $39,845 |
| All other expenses | $9,544 |
| Total functional expenses | $2,036,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $154,039 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,244,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,998,052 |
| Accounts payable and accrued expenses | $269,029 |
| 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 | $19,324 |
| Other liabilities | $677,405 |
| Total liabilities | $965,758 |
| Net assets without donor restrictions | $1,032,294 |
| 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 | $1,998,052 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rural Development Corp has recieved totaling $10,750.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Oceanfirst Foundation Toms River, NJ PURPOSE: ACTS OF KINDNESS | $250 |
Jay And Linda Grunin Foundation Inc Toms River, NJ PURPOSE: COVID-19: ACTS OF KINDNESS | $250 |
Jay And Linda Grunin Foundation Inc Toms River, NJ PURPOSE: COVID-19: ACTS OF KINDNESS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Clayton Improvement Associaton Ltd Clayton, NY | $3,493,808 | $787,100 |
Chautauqua County Rural Ministries Inc Dunkirk, NY | $331,824 | $875,611 |
Hudson Valley Agri-Business Development Corporation Hudson, NY | $1,111,610 | $813,133 |
Orange County Rural Development Walden, NY | $481,908 | $628,274 |