RURAL COMMUNITIES HOUSING DEVELOPMENT CORPORATION - PARENT

EIN: 942319894 501(c)(3) Housing & Shelter

UKIAH, CA

Total Revenue
$5,744,381
Total Expenses
$4,406,589
Total Assets
$38,295,314
Net Assets
$16,153,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
CA
Principal Officer
JENNIFER HOFSTETTER
Phone
7074631975
Tax Period
2023-11-01 to 2024-10-31

RURAL COMMUNITIES HOUSING DEVELOPMENT CORPORATION - PARENT, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $5.7M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

TO PROVIDE DECENT AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS.

Program Service Accomplishments

Program 1
Expenses: $2,351,219 Revenue: $4,168,688

RCHDC OWNS, CONTROLS AND OPERATES UNITS OF LOW INCOME HOUSING. THE INCLUDE UNITS FOR SENIORS, THE CHRONICALLY MENTALLY ILL, AS WELL AS LOW AND MODERATE INCOME FAMILIES.

Program 2
Expenses: $1,609,445 Revenue: $265,169

RCHDC ALSO BUILDS SELF-HELP HOMES FOR LOW INCOME FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,324,717
Program Service Revenue $4,168,688
Investment Income $250,976
Other Revenue $0
TOTAL REVENUE $5,744,381

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,431,438
Fundraising Expenses $0
Program Expenses $3,960,664
Other Expenses $1,975,151
TOTAL EXPENSES $4,406,589

Year-over-Year Comparison

2023 2022 Change
Revenue $5,744,381 $8,533,146 -0.3%
Expenses $4,406,589 $4,329,478 +0.0%
Net Income $1,337,792 $4,203,668 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
83
Volunteers
7

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$305,261
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON LEFEBVRE CHAIRPERSON 0.15
Officer Director
$0 $0 $0
RICHARD HENDERSON VICE CHAIRPERSON 0.15
Officer Director
$0 $0 $0
CHARLOTTE WATKINS SECRETARY 0.15
Officer Director
$0 $0 $0
GARY MIRATA TREASURER 0.15
Officer Director
$0 $0 $0
AMANDA PARDINI DIRECTOR 0.15
Director
$0 $0 $0
MIKE PALLESEN DIRECTOR 0.15
Director
$0 $0 $0
FU LIN CHANG DIRECTOR 0.15
Director
$0 $0 $0
RYAN LARUE CEO 40.00
Officer
$150,535 $0 $150,535
JENNIFER HOFSTETTER CFO 40.00
Officer
$122,435 $32,291 $154,726
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,744,381 $4,406,589 $38,295,314 $1,337,792
2023 $8,533,146 $4,329,478 $31,078,232 $4,203,668
2022 $5,338,486 $4,511,457 $27,864,711 $827,029
2021 $5,006,082 $4,066,474 $26,405,431 $939,608
2020 $3,960,968 $4,006,659 $26,765,482 $-45,691
2019 $2,937,221 $3,919,087 $25,343,832 $-981,866
2018 $3,532,093 $3,421,305 $27,143,631 $110,788
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