Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
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
8 people listed on the 990; $1.2M paid to officers and key staff.
Recinda Kay Shafer’s $453K as Deputy Executive Director is at the 92nd percentile of top reported officer pay among 676 $10–100M 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 · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Recinda Kay Shafer | $452,947 | $436,511 | $419,103 | $418,603 | $367,750 |
| Kenneth Robertson | $451,217 | $434,850 | $417,500 | $414,600 | — |
| Nilsa Gonzalez | $311,182 | $282,327 | $256,104 | $241,604 | $168,497 |
| Kenneth S Robertson | — | — | — | — | $275,250 |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops and operates affordable housing enriched with social services and partnership management to support low-income individuals and families in need.
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Providing partnership management and social services to various low-income housing tax credit entities in which RCC has an ownership interest.
Fostering and providing charitable assistance, services and relief to families and persons of lower income in the communities that RCC serves. RCC serves to foster, create, manage and preserve safe and decent, social service-enriched, affordable housing for people of lower income.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.4M | $8.9M |
| InvestmentsLn 11–13 | $15.6M | $25.8M |
| Land, buildings, equipmentLn 10c | $13.1M | $13.0M |
| Total assetsLn 16 | $46.7M | $56.2M |
| LiabilitiesLn 26 | $6.3M | $6.3M |
| Net assetsLn 32 | $40.5M | $49.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8.6M | $8.6M | ||
| Pay of current officers, directors and key staffLn 5 | $889K | $889K | ||
| Other salaries and wagesLn 7 | $481K | $301K | $180K | |
| Payroll taxesLn 10 | $192K | $167K | $25K | |
| Legal feesLn 11b | $15K | $15K | ||
| Accounting feesLn 11c | $48K | $48K | ||
| Other fees for servicesLn 11g | $49K | $43K | $6K | |
| Office expensesLn 13 | $164K | $143K | $21K | |
| OccupancyLn 16 | $71K | $67K | $4K | |
| TravelLn 17 | $6K | $5K | $631 | |
| InterestLn 20 | $181K | $161K | $21K | |
| Depreciation, depletion and amortizationLn 22 | $112K | $105K | $7K | |
| InsuranceLn 23 | $148K | $133K | $15K | |
| Other expenses (24a–d)Ln 24 | $70K | $60K | $10K | |
| Total functional expensesLn 25 | $11.1M | $10.7M | $352K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $22.9M | $3.6M | $19.4M | $69.3M | 990 PDF |
| FY2023 Viewing | $20.5M | $11.1M | $9.4M | $49.9M | 990 PDF |
| FY2022 | $6.8M | $3.0M | $3.8M | $40.5M | 990 PDF |
| FY2021 | $6.5M | $2.8M | $3.7M | $36.7M | 990 PDF |
| FY2020 | $2.7M | $2.0M | $689K | $32.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $20,486,644 revenue, 12 lines filed
Part VI · Governance 5 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $20,486,644 across 10 lines filed
Part IX · Statement of functional expenses $11,051,188 across 14 lines filed
Part X · Balance sheet $56,242,811 assets, 12 lines filed
Part XI · Reconciliation of net assets $49,899,567 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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