Rccc Villa FY2022 filing

Tax-deductible

Ruthven, IA501(c)(3)Since 2005HousingEIN 20-2799032Revenue $54K in FY2022

On file with the IRS2701 E Mitchell St, 51358-7794 · Ruthven, IATax-exempt since Sep 2005Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low cost housing to the elderly.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
0 of 6
filings with a surplus
Average deficit $59K a year · 74% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
167% of total assets
Concern: liabilities are 167% of assets; over 80%.
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
$54K
-2% vs prior year
Spent
$141K
To programs
76%
Net assets
−$744K
By yearFY2020–FY2025
Revenue
$54K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$73K
FY2021$56K
FY2022$54K
FY2023$74K
FY2024$97K
FY2025$124K
Expenses
$141K
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$125K
FY2021$120K
FY2022$141K
FY2023$141K
FY2024$136K
FY2025$170K
Net assets
−$744K
FY2022▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020−$592K
FY2021−$657K
FY2022−$744K
FY2023−$801K
FY2024−$841K
FY2025−$886K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2005.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $108K Management & general 24% · $34K

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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rccc Villa executive salaries →

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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 15aNo

Programs and updates

Offers affordable housing for seniors.

Provided by the organization

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1 program · $108K · in their own filed words · FY2022
01

Providing low cost housing to the elderly.

$108Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$54K
Ln 12
Fees for servicesLn 2g$45K
Other incomeLn 4–11$5K
Gifts and grantsLn 1h$4K
Money outPt IX
$141K
Ln 25
Programscol B$108K
Managementcol C$34K
Owns and owesPt X
−$744K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.8M
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$4K
Fees for servicesLn 2g$45K
Investment incomeLn 3$58
Other incomeLn 4–11$5K
Gains on assetsLn 7$0
Total revenueLn 12$54K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$0
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$60K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.8M
Net assetsLn 32−$744K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$8K$3K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$1.8M$1.8M
Net assetsLn 32−$657K−$744K
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$12K$12K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$5K$5K
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$51K$51K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$48K$48K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$636$636
All other expensesLn 24e$0
Total functional expensesLn 25$141K$108K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $124K$170K−$46K−$886K 990 PDF
FY2024 $97K$136K−$39K−$841K 990 PDF
FY2023 $74K$141K−$67K−$801K 990 PDF
FY2022 Viewing $54K$141K−$87K−$744K 990 PDF
FY2021 $56K$120K−$65K−$657K 990 PDF
FY2020 $73K$125K−$52K−$592K 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 FY2022 990 (6 parts)
Part I · Summary $54,453 revenue, 12 lines filed
I-8 Contributions and grants$4,241
I-9 Program service revenuePrior year $47,990$44,735
I-10 Investment incomePrior year $15$58
I-11 Other revenuePrior year $7,605$5,419
I-12 Total revenuePrior year $55,610$54,453
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,480$12,480
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $107,701$128,597
I-18 Total expensesPrior year $120,181$141,077
I-19 Revenue less expensesPrior year −$64,571−$86,624
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $54,453 across 10 lines filed
VIII-1f All other contributions, gifts and grants$4,241
VIII-1h Total contributions, gifts and grants$4,241
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,735$44,735
VIII-3 Investment incomeExcluded from tax $58$58
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-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,419$5,419
VIII-12 Total revenueRelated to mission $44,735 · Excluded from tax $5,477$54,453
Part IX · Statement of functional expenses $141,077 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 wagesManagement $12,480$12,480
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $5,050$5,050
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,225$5,225
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $4,738$4,738
IX-13 Office expensesManagement $6,074$6,074
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $50,953$50,953
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $47,942$47,942
IX-23 InsurancePrograms $7,979$7,979
IX-24 Other expenses (24a–d)Programs $636$636
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $107,510 · Management $33,567 · Fundraising $0$141,077
Part X · Balance sheet $1,102,576 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $8,294$2,865
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 chargesStart of year $114$156
X-10c Land, buildings and equipment, netStart of year $1,065,760$1,039,888
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $239$0
X-15 Other assetsStart of year $71,136$59,667
X-16 Total assetsStart of year $1,145,543$1,102,576
X-17 Accounts payable and accrued expensesStart of year $57,529$100,118
X-25 Other liabilitiesStart of year $2,842$3,910
X-26 Total liabilitiesStart of year $1,802,512$1,846,169
X-27 Net assets without donor restrictionsStart of year −$656,969−$743,593
X-32 Total net assets or fund balancesStart of year −$656,969−$743,593
X-33 Total liabilities and net assetsStart of year $1,145,543$1,102,576
Part XI · Reconciliation of net assets −$743,593 net assets at year end
XI-1 Total revenue$54,453
XI-2 Total expenses$141,077
XI-3 Revenue less expenses−$86,624
XI-4 Net assets at start of year−$656,969
XI-10 Net assets at end of year−$743,593

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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