Rural Community Assistance Corporation

EIN: 942512284 501(c)(3) Community Improvement

West Sacramento, CA

Total Revenue
$90,831,834
Total Expenses
$58,544,027
Total Assets
$257,468,340
Net Assets
$133,490,462
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CA
Principal Officer
Murat Unal
Phone
9164472854
Tax Period
2024-10-01 to 2025-09-30

Rural Community Assistance Corporation, founded in 1978, is a mid-sized nonprofit in the Community Improvement sector that reported $90.8M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32.3M, a strong 36% operating margin.

Mission

RCAC provides training, technical and financial resources and advocacy so rural communities achieve their goals and visions.

Program Service Accomplishments

Program 1
Expenses: $28,682,334

Community & Environmental Services:RCAC assisted 1,068 rural communities to build, improve, manage, operate or finance drinking water, wastewater or solid waste systems. RCAC reached more than 10,000...

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Community & Environmental Services:RCAC assisted 1,068 rural communities to build, improve, manage, operate or finance drinking water, wastewater or solid waste systems. RCAC reached more than 10,000 training participants through 369 workshops on technical, managerial, and financial topics related to environmental infrastructure. RCAC provided more than 170,000 hours of technical assistance and training to Indigenous communities in the West.

Program 2
Expenses: $11,732,131

Loan Fund:The Department had a year record breaking year. The Loan Fund closed 72 loans for over $104 million in our rural communities. This generated 815 of affordable housing units, helped produce...

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Loan Fund:The Department had a year record breaking year. The Loan Fund closed 72 loans for over $104 million in our rural communities. This generated 815 of affordable housing units, helped produce and repair 10,465 waste/water connections, created 3,910 in community facility space and helped create or retain 2,173 jobs. RCAC began making loans to Native owned businesses through the SSBCI program, closing 3 loans for a total of $500,000 in partnership with the Cahuilla and San Pasqual tribes. The pipeline of applications remains strong, the outstanding portfolio stood at over $151.8 million with a delinquency rate of less than 6% percent. A new Assistant Director position was created and filled.

Program 3
Expenses: $7,886,336

RCACs OTHER SERVICES INCLUDE CAPACITY BUILDING, TRAINING, AND RESOURCES FOR OTHER NONPROFIT ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $79,957,196
Program Service Revenue $7,721,475
Investment Income $3,021,730
Other Revenue $131,433
TOTAL REVENUE $90,831,834

Expense Breakdown

Grants Paid $3,869,255
Salaries & Benefits $30,790,838
Fundraising Expenses $634,738
Program Expenses $57,716,668
Other Expenses $23,883,934
TOTAL EXPENSES $58,544,027

Year-over-Year Comparison

2024 2023 Change
Revenue $90,831,834 $58,791,828 +0.5%
Expenses $58,544,027 $50,345,386 +0.2%
Net Income $32,287,807 $8,446,442 +2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
277
Volunteers
9

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
8
$1,067,846
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Suzanne Anarde-Devenport CEO 40.00
Officer
$341,445 $42,930 $384,375
Cynthia Spencer COO 40.00
Officer
$198,166 $36,817 $234,983
Murat Unal CFO 40.00
Officer
$207,125 $27,716 $234,841
Ari Neumann CIPO 40.00
Officer
$182,809 $30,838 $213,647
Juanita Hallstrom Director, Loan Fund 40.00
$161,217 $34,453 $195,670
Anjali Sheth Controller 40.00
$155,547 $39,052 $194,599
David Ferrier Director, Housing Prog. 40.00
$163,605 $23,672 $187,277
Julia Helmreich Director, Comms, Dev & Events 40.00
$164,100 $23,097 $187,197
Robert Longman Loan Prod & Credit 40.00
$142,826 $20,977 $163,803
Erika Holzhauer Asst Dir Housing 40.00
$124,761 $30,439 $155,200
Carol Cohen Asst. Dir Econ Dev 40.00
$123,215 $31,832 $155,047
Michael Boyd Asst. Dir C&ES 40.00
$122,140 $32,208 $154,348
Kate Hammarback Int. Secretary 3.00
Officer Director
$0 $0 $0
Claudia O'Grady Vice President 3.00
Officer Director
$0 $0 $0
Martin Miller Board Member 10.00
Director
$0 $0 $0
Doris Morgan Board Member 2.00
Director
$0 $0 $0
Frank Bravo President 5.00
Officer Director
$0 $0 $0
Jackie Qatalina Schaeffer Board Member 2.00
Director
$0 $0 $0
Keoni Lee Board Member 3.00
Director
$0 $0 $0
Andres Cano Treasurer 2.00
Officer Director
$0 $0 $0
Robert Apodaca Board Member 2.00
Director
$0 $0 $0
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
2025 $90,831,834 $58,544,027 $257,468,340 $32,287,807
2024 $58,791,828 $50,345,386 $220,723,819 $8,446,442
2023 $39,665,671 $34,132,281 $196,674,615 $5,533,390
2022 $32,872,425 $28,141,299 $196,708,835 $4,731,126
2021 $52,189,041 $23,675,555 $208,729,565 $28,513,486
2018 $24,246,331 $18,744,774 $103,307,708 $5,501,557
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