Kit Carson Rural Development
- Assets
- $1.4m
- Revenue
- $616.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Kit Carson, CO
- Founding
- 09/1994
- Data as of
- 07/2022
- EIN
- 84-1257947
Organization Overview
Kit Carson Rural Development is located in Kit Carson, CO. The organization was established in 1994. According to its NTEE Classification (P21) the organization is classified as: American Red Cross, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kit Carson Rural Development 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 07/2022, Kit Carson Rural Development generated $616.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $33.6k during the year ending 07/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ENHANCEMENT AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE COMMUNITY ENHANCEMENT AND ECONOMIC DEVELOPMENT BY PROVIDING AFFORDABLE HOUSING IN THE TOWN OF KIT CARSON, COLORADO.
COMMUNITY ENHANCEMENT AND ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Ward Vice Chairma | Trustee | 1 | $0 |
Karen Wolff Secretary | Trustee | 0.5 | $0 |
Joel Maxcy Treasurer | Trustee | 5 | $0 |
Amy Johnson Chairman | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $368,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,693 |
| Total Program Service Revenue | $23,580 |
| Investment income | $502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,022 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,797 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,911 |
| Fees for services: Legal | $320 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,100 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,604 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,776 |
| Insurance | $5,612 |
| All other expenses | $164 |
| Total functional expenses | $33,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,361 |
| 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 | $0 |
| Net Land, buildings, and equipment | $636,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,774 |
| Other assets | $403,554 |
| Total assets | $1,350,161 |
| 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 | $800 |
| Total liabilities | $800 |
| Net assets without donor restrictions | $1,349,361 |
| 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 | $1,350,161 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kit Carson Rural Development has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Cooper-Clark Foundation Liberal, KS PURPOSE: AFFORDABLE HOUSING PROJECT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkway Village Inc Little Rock, AR | $46,357,587 | $10,218,970 |
Douglass Community Services Inc Hannibal, MO | $3,361,431 | $10,312,306 |
Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
The Arc Fresno Madera Counties Fresno, CA | $16,570,782 | $10,992,536 |
Bayview Hunters Point Foundation San Francisco, CA | $2,481,067 | $10,177,517 |
Fort Bend County Womens Center Inc Richmond, TX | $8,213,005 | $9,815,148 |
Bakersfield Homeless Center Bakersfield, CA | $13,790,228 | $12,306,523 |
Wichita Childrens Home Wichita, KS | $21,789,498 | $10,282,941 |
Central Missouri Area Agency On Aging Columbia, MO | $2,065,141 | $9,894,401 |
Ymca Of The East Valley Redlands, CA | $25,417,537 | $10,111,635 |
Humangood Affordable Housing Duarte, CA | $148,571,922 | $18,596,465 |
Catholic Charites Of Kc St Joseph Inc Kansas City, MO | $5,341,549 | $14,556,013 |