Community Revitalization And Development Corporation
- Assets
- $17.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Redding, CA
- Founding
- 03/1996
- Data as of
- 06/2021
- EIN
- 68-0248670
Organization Overview
Community Revitalization And Development Corporation is located in Redding, CA. The organization was established in 1996. 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. As of 06/2021, Community Revitalization And Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Revitalization And Development Corporation 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, Community Revitalization And Development Corporation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $907.0k during the year ending 06/2021. While expenses have increased by 18.4% 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
TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME RESIDENTS OF THE STATE OF CALIFORNIA AND THE STATE OF WASHINGTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME RESIDENTS OF THE STATE OF CALIFORNIA AND THE STATE OF WASHINGTON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Rutledge President | Officer | 40 | $111,833 |
Shelby Marocco Secretary | Officer | 40 | $62,000 |
Bert Meyer Board Member | Trustee | 2 | $0 |
Kenny Breedlove Board Member | Trustee | 2 | $0 |
Mike Dahl Board Member | Trustee | 2 | $0 |
John Wilson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Investment income | $316 |
| 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 | $1,016,687 |
| 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. | $174,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,135 |
| Pension plan accruals and contributions | $11,600 |
| Other employee benefits | $8,468 |
| Payroll taxes | $14,111 |
| Fees for services: Management | $47,232 |
| Fees for services: Legal | $7,312 |
| Fees for services: Accounting | $34,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,932 |
| Advertising and promotion | $158 |
| Office expenses | $25,996 |
| Information technology | $3,677 |
| Royalties | $0 |
| Occupancy | $188,794 |
| Travel | $4,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,716 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,006 |
| Insurance | $49,848 |
| All other expenses | $0 |
| Total functional expenses | $906,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,204,485 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,402,954 |
| Total assets | $17,665,103 |
| 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 | $3,939,101 |
| Other liabilities | $2,304,094 |
| Total liabilities | $6,243,195 |
| 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 | $11,421,908 |
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