Florida Rural Rehabilitation Corporation
- Assets
- $10.2m
- Revenue
- $418.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Gainesville, FL
- Founding
- 05/1936
- Data as of
- 06/2021
- EIN
- 59-1277939
Organization Overview
Florida Rural Rehabilitation Corporation is located in Gainesville, FL. The organization was established in 1936. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Rural Rehabilitation Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Florida Rural Rehabilitation Corporation generated $418.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $71.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 7 years. 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 MISSION OF FLORIDA RURAL REHABILITATION CORPORATION IS TO PROVIDE FINANCIAL ASSISTANCE TO RURAL RESIDENTS FOR HOUSING, EDUCATION, HEALTH CARE AND OTHER ISSUES NECESSARY TO RAISE THEIR STANDARD OF LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PAID OUT $1,669,212 IN NEW LOANS AND ADVANCES TO RURAL RESIDENTS FOR THE FISCAL YEAR ENDING 6/30/2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Frost Secretary/treasurer | OfficerTrustee | 1 | $1,050 |
Kathy Colson Director | Trustee | 1 | $750 |
M B Roberts Jr Director | Trustee | 1 | $750 |
Larry Mack Vice President | OfficerTrustee | 1 | $300 |
John T Woeste President | OfficerTrustee | 1 | $300 |
David Reaves Director | Trustee | 1 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,311 |
| 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 | $417,985 |
| Statement of Expenses | |
|---|---|
| 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. | $3,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,531 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,949 |
| Travel | $912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $143 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $382 |
| Insurance | $637 |
| All other expenses | $0 |
| Total functional expenses | $71,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,798 |
| Savings and temporary cash investments | $1,854,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,319,624 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,191,476 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $10,191,476 |
Grants Awarded
Over the last fiscal year, Florida Rural Rehabilitation Corporation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: GRANTS TO HELP RURAL RESIDENTS DURING THE CORONAVIRUS CRISIS | $5,000 |
Gainesville, FL PURPOSE: GRANTS TO HELP RURAL RESIDENTS DURING THE CORONAVIRUS CRISIS | $5,000 |
Starke, FL PURPOSE: GRANTS TO HELP RURAL RESIDENTS DURING THE CORONAVIRUS CRISIS | $5,000 |
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|---|---|---|
Goodie Nation Inc Atlanta, GA | $6,929,090 | $12,181,074 |
Better Business Bureau Of Metropoliton Atlanta Inc Atlanta, GA | $4,995,221 | $6,438,546 |
Herman J Russell Center For Innovation And Entrepreneurship In Atlanta, GA | $21,225,162 | $9,072,660 |
The Better Business Bureau Of Metropolitan Birmingham Incorportd Birmingham, AL | $1,159,880 | $2,115,172 |
Institute For Commercialization Of Florida Technology Inc Tampa, FL | $17,091,469 | $342,694 |
Atlanta Committee For Progress Inc Atlanta, GA | $1,166,579 | $1,555,000 |
National Association Of Minority Mortgage Bankers Of America Inc Orlando, FL | $337,622 | $1,570,248 |
American Transaction Processors Coalition Atlanta, GA | $187,359 | $1,617,250 |
African American Credit Union Coalition Snellville, GA | $676,813 | $1,509,936 |
Community Economic Development Association Of Pensacola And Escam Pensacola, FL | $509,626 | $1,163,356 |
Coastal Area District Development Authority Brunswick, GA | $23,475,246 | $6,775,670 |
Carroll County Economic Development Carrollton, GA | $4,543,478 | $2,769,284 |