Rural Revitilization Corporation

Tax-deductible

Olean, NY501(c)(3)Community DevelopmentEIN 11-2616152Revenue $463K in FY2025

On file with the IRSrrcorp.org618 N Barry St, 14760-2614 · Olean, NYTax-exempt since Oct 1982Publicly supported charity — 170(b)(1)(A)(vi)

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Rural Revitalization Corporation is a non-profit organization whose primary purpose is to provide housing related educational, technical, and financial programs to provide safe, decent, and affordable housing through reinvestment in the residential, commercial, and industrial areas situated in Cattaraugus County, the Western Area of Wyoming County, and Southern Erie County.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$58K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$463K
+44% vs prior year
Spent
$434K
To programs
87%
Net assets
$373K
By yearFY2021–FY2025
Revenue
$463K
FY2025▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2021$134K
FY2022$371K
FY2023$440K
FY2024$322K
FY2025$463K
Expenses
$434K
FY2025▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2021$204K
FY2022$378K
FY2023$438K
FY2024$290K
FY2025$434K
Net assets
$373K
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$317K
FY2022$310K
FY2023$311K
FY2024$344K
FY2025$373K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $376K Management & general 13% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

April Ramadhan’s $49K as Executive Director is at the 28th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
April Ramadhan$48,750$47,790

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing education, technical help, and financial aid for affordable homes in rural areas.

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Provided by the organization

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2 programs · $376K · in their own filed words · FY2024
01

The housing rehabilitation program provides funding for down payments, closing costs and to rehabilitate participants homes.

$351Kprogram expense
02

The housing rental program allows the corporation to continue the promotion of safe, decent and affordable housing for low to moderate-income individuals and families in cattaraugus, erie and wyoming counties.

$25Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$15K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$463K
Ln 12
Gifts and grantsLn 1h$405K
Fees for servicesLn 2g$42K
Investment incomeLn 3$16K
Money outPt IX
$434K
Ln 25
Programscol B$376K
Managementcol C$59K
Owns and owesPt X
$373K
net assets · Ln 32
Cash and savingsLn 1–2$330K
Total assetsLn 16$430K
LiabilitiesLn 26$58K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$405K
Government grantsLn 1e$403K
Fees for servicesLn 2g$42K
Investment incomeLn 3$16K
Gains on assetsLn 7$0
Total revenueLn 12$463K
Assets in detailPt X, end of year
CashLn 1$330K
SavingsLn 2$0
Cash and savings togetherLn 1–2$330K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$63K
Other assetsLn 15$31K
Total assetsLn 16$430K
LiabilitiesLn 26$58K
Net assetsLn 32$373K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$328K$330K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$65K$63K
Total assetsLn 16$419K$430K
LiabilitiesLn 26$75K$58K
Net assetsLn 32$344K$373K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$42K$21K$21K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$2K$852$852
Payroll taxesLn 10$3K$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$24K$10K$14K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$315K$311K$3K
Advertising and promotionLn 12$0
Office expensesLn 13$8K$3K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$19K$17K$2K
TravelLn 17$5K$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$1K$1K
InsuranceLn 23$8K$7K$2K
Other expenses (24a–d)Ln 24$2K$1K$731
All other expensesLn 24e$0
Total functional expensesLn 25$434K$376K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $463K$434K$29K$373K 990 PDF
FY2024 $322K$290K$32K$344K 990 PDF
FY2023 $440K$438K$2K$311K 990 PDF
FY2022 $371K$378K−$7K$310K 990 PDF
FY2021 $134K$204K−$70K$317K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $463,134 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $265,762$405,191
I-9 Program service revenuePrior year $26,374$41,974
I-10 Investment incomePrior year $30,018$15,969
I-11 Other revenue$0
I-12 Total revenuePrior year $322,154$463,134
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,872$46,574
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $248,805$387,745
I-18 Total expensesPrior year $289,677$434,319
I-19 Revenue less expensesPrior year $32,477$28,815
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $463,134 across 10 lines filed
VIII-1e Government grants$403,291
VIII-1f All other contributions, gifts and grants$1,900
VIII-1h Total contributions, gifts and grants$405,191
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,974$41,974
VIII-3 Investment incomeExcluded from tax $15,969$15,969
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $41,974 · Excluded from tax $15,969$463,134
Part IX · Statement of functional expenses $434,319 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $20,874 · Management $20,874$41,748
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $852 · Management $852$1,704
IX-10 Payroll taxesPrograms $1,561 · Management $1,561$3,122
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $9,598 · Management $14,397$23,995
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $311,454 · Management $3,146$314,600
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $3,050 · Management $4,574$7,624
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $16,872 · Management $1,704$18,576
IX-17 TravelPrograms $2,423 · Management $2,422$4,845
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $5,328$5,328
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,361 · Management $1,361$2,722
IX-23 InsurancePrograms $6,582 · Management $1,646$8,228
IX-24 Other expenses (24a–d)Programs $1,096 · Management $731$1,827
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $375,723 · Management $58,596 · Fundraising $0$434,319
Part X · Balance sheet $430,287 assets, 19 lines filed
Asset lines not itemized here account for $7,311; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $328,207$329,862
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $65,330$62,610
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $21,170$30,504
X-16 Total assetsStart of year $418,567$430,287
X-17 Accounts payable and accrued expensesStart of year $8,266$2,679
X-19 Deferred revenueStart of year $66,353$54,845
X-26 Total liabilitiesStart of year $74,619$57,524
X-27 Net assets without donor restrictionsStart of year $343,948$372,763
X-32 Total net assets or fund balancesStart of year $343,948$372,763
X-33 Total liabilities and net assetsStart of year $418,567$430,287
Part XI · Reconciliation of net assets $372,763 net assets at year end
XI-1 Total revenue$463,134
XI-2 Total expenses$434,319
XI-3 Revenue less expenses$28,815
XI-4 Net assets at start of year$343,948
XI-10 Net assets at end of year$372,763

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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