Rural Housing Development Corporation
- Assets
- $31.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 15
- Location
- Provo, UT
- Founding
- 07/1999
- Data as of
- 09/2022
- EIN
- 87-0622732
Organization Overview
Rural Housing Development Corporation, operating under the name Self-Help Homes, is located in Provo, UT. The organization was established in 1999. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Self-Help Homes employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Self-Help Homes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Self-Help Homes generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.2m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY AFFORDABLE HOUSING OPPORTUNITIES TO INDIVIDUALS AND FAMILIES LIVING IN UTAH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUAL SELF-HELP HOUSING, LAND ACQUISITION, LAND DEVELOPMENT, RAISING CAPITAL, HOMEBUYER FINANCIAL FUNDING, CONTRACT MANAGEMENT, AND HOMEBUYER EDUCATION. SELF-HELP HOMES (SHH) ASSISTED 13 LOW AND VERY-LOW INCOME FAMILIES START TO BUILD THEIR OWN HOMES THROUGH THE MUTUAL SELF-HELP HOUSING PROGRAM. AT SEPTEMBER 30 2022, SHH HAD STARTED AND/OR COMPLETED 594 SELF-HELP SINGLE FAMILY HOMES. IN ADDITION, SHH ASSISTED IN PROVIDING 35 FAMILIES WITH SECONDARY CONSTRUCTION AND/OR PERMANENT MORTGAGES/GRANT FINANCING TO HELP THEM BOTH PURCHASE AND CONSTRUCT THEIR HOMES. SHH ASSISTED OVER 250 FAMILIES IN HOMEBUYER EDUCATION COUNSELING. SHH PURCHASED AND/OR DEVELOPED OVER 150 LOTS IN ITS SERVICE AREAS IN UTAH, WASATCH, WASHINGTON AND NOW JUAB COUNTY IN THE STATE OF UTAH FIFTY-THREE (53) HOMES WERE ALSO FINISHED IN THOSE GEOGRAPHICAL AREAS INCLUDED IN THE NUMBERS LISTED ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Bishop Executive Di | Officer | 40 | $199,688 |
Geoffrey Bluth Dir. Of Deve | 40 | $154,903 | |
Joshua Walker Construction | 40 | $131,968 | |
Socorra Espinoza Accounting M | Officer | 40 | $101,399 |
John Baer Vice Preside | OfficerTrustee | 1 | $0 |
Maryann Christensen Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All Star Excavation Llc Land Development | 9/29/20 | $230,254 |
Bergman Heating Heating And Air Contract | 9/29/20 | $300,355 |
Dv Enterprises Freight Transportation | 9/29/20 | $131,131 |
Flooring Solutions By Design Flooring Contractors | 9/29/20 | $176,444 |
R & D Excavation Land Development | 9/29/20 | $715,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,360 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,755,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,828,407 |
| Total Program Service Revenue | $6,300 |
| Investment income | $25,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,436 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $800,566 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,710,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $301,087 |
| Compensation of current officers, directors, key employees. | $60,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $999,429 |
| Pension plan accruals and contributions | $222,306 |
| Other employee benefits | $261,673 |
| Payroll taxes | $104,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,001 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,639 |
| Advertising and promotion | $4,626 |
| Office expenses | $40,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,740 |
| Travel | $13,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,978 |
| Interest | $44 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,852 |
| Insurance | $37,454 |
| All other expenses | $0 |
| Total functional expenses | $2,214,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,262 |
| Savings and temporary cash investments | $3,912,223 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,518,851 |
| Inventories for sale or use | $23,556,632 |
| Prepaid expenses and deferred charges | $9,016 |
| Net Land, buildings, and equipment | $905,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,533,025 |
| Accounts payable and accrued expenses | $373,031 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $976,300 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,309,903 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,125 |
| Total liabilities | $13,667,359 |
| Net assets without donor restrictions | $17,865,666 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,533,025 |