philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Rush Homes INC

Tax-deductible

Lynchburg, VA501(c)(3)Housing EIN 31-1519694Revenue $1.5M in FY2024Latest return filed Nov 14, 2025

On file with the IRSrushhomes.orgPo Box 3305, 24503-0305 · Lynchburg, VATax-exempt since Jan 1998Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

To create affordable housing in the lynchburg region for low-income families with disabilities through development, advocacy, and support.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Run by 3 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $204K a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$174K
to officers and key staff · 13% of spending
Top officer’s pay lower than 78% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $228K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+39% vs prior year
Spent
$1.4M
To programs
64%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$685K
FY2021$851K
FY2022$862K
FY2023$1.1M
FY2024$1.5M
Expenses
$1.4M
FY2024▲ +80%
Tap a bar for its year
Expenses by fiscal year
FY2020$523K
FY2021$528K
FY2022$693K
FY2023$768K
FY2024$1.4M
Net assets
$2.2M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$2.5M
FY2023$2.1M
FY2024$2.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1998.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $891K Management & general 19% · $267K Fundraising 17% · $229K

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

Something off? Claim to add context

Who runs it and what they're paid

28 people listed on the 990; $174K paid to officers and key staff.

Part VII, Section A · reportable compensation
Tracey Ballagh
Executive Director
$86,872Pt VII · Sec A
Tracey Ballagh
Executive Director
$86,872Pt VII · Sec A
James Coleman
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Robin Foutz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Marc Corbett
Director
$0Pt VII · Sec A

Tracey Ballagh’s $87K as Executive Director is at the 22nd percentile of top reported officer pay among 2036 $1–10M housing 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tracey Ballagh$86,872$58,438———
Jeff Smith——$80,352$76,026$70,344

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.

See Rush Homes INC executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and advocates for affordable housing for low-income families with disabilities.

Questions for Rush Homes INC

Tap to ask. Rush Homes INC sees how many people are interested.

Your first name shows with your question. Rush Homes INC answers here, for everyone.

2 programs · $1.6M · in their own filed words · FY2024
01

To purchase, develop and maintain homes for adults with mental and physical disabilities.

$891Kprogram expense
02

To purchase, develop and maintain homes for adults with mental and physical disabilities.

$728Kprogram 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 · FY2024
Sentara HealthcareFY2024$100K
University of Notre Dame Du LacFY2024$40K
The Al Stroobants FoundationFY2024$30K
Centra Health INCFY2024$25K
The Blackbaud Giving FundFY2024$10K
Greater Lynchburg Community FoundationFY2024$10K
Fidelity Investments Charitable Gift FundFY2024$8K
Watt Foster Family FoundationFY2024$5K
Total grants receivedfrom 8 funders$228K
See all 8 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$727K
Fees for servicesLn 2g$356K
Other incomeLn 4–11$205K
Money outPt IX
$1.4M
Ln 25
Programscol B$891K
Managementcol C$267K
Fundraisingcol D$229K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$5.7M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
28
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$727K
Fees for servicesLn 2g$356K
Investment incomeLn 3$178K
Other incomeLn 4–11$205K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$1.4M
Total assetsLn 16$5.7M
LiabilitiesLn 26$3.4M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $1.5M$1.4M$80K$2.2M 990 PDF
FY2023Filed with the IRS Mar 1, 2025 $1.1M$768K$287K$2.1M 990 PDF
FY2022Filed with the IRS Oct 11, 2023 $862K$693K$169K$2.5M 990 PDF
FY2021Filed with the IRS Sep 1, 2022 $851K$528K$323K$1.8M 990 PDF
FY2020Filed with the IRS Jul 15, 2021 $685K$523K$162K$1.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.