Rural Nevada Development Corporation

The Rural Nevada Development Corporation (RNDC) is a 501(c) 3 nonprofit organization, established in 1992, dedicated to serving 15 rural counties, two rural districts, and 27 Native American tribes in Nevada. Their primary mission involves addressing critical issues in these communities, particularly focusing on affordable housing, down payment assistance, homeowner rehabilitation, and small business lending practices. RNDC has been recognized as a Community Development Financial Institution (CDFI) by the Department of Treasury, demonstrating their success in leveraging resources from both public and private sources. Their initiatives have garnered recognition, with their business-lending program winning a Best Practice Award from HUD in 1999. Based in Ely, Nevada, RNDC employs a team of 13 individuals committed to improving the well-being of rural Nevadans.

Rural Nevada Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural Nevada Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $169,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $490,070

For more financial information, click here

The Rural Nevada Development Corporation, established as a 501(c) 3 non-profit in 1992, is committed to promoting economic development in fifteen rural counties, rural Clark and Washoe counties, and twenty-seven Native American tribes within Nevada. The organization has demonstrated a responsive approach to addressing critical issues, focusing on areas such as affordable housing, down payment assistance, homeowner rehabilitation, and small business alternative lending practices. It has gained recognition as a Community Development Financial Institution (CDFI) by the Department of Treasury, thanks to its effectiveness in leveraging resources and involvement from both public and private sources. In 1999, Rural Nevada Development Corporation's business-lending program was honored with a Best Practice Award from HUD for its innovative approach in addressing problems and efficiently utilizing resources.

Mary Kerner is the Ceo of Rural Nevada Development Corporation. The CEO's salary of Rural Nevada Development Corporation is $155,461 and their total compensation is $169,392.

Rural Nevada Development Corporation's revenue in 2023 was $4,912,598.

The average compensation at Rural Nevada Development Corporation during 2023 was $50,728. There are 13 employees and 8 volunteers at Rural Nevada Development Corporation.

Here are 9 key members and their salaries (Rural Nevada Development Corporation's CEO's salary is $155,461 and their total compensation is $169,392):

The Rural Nevada Development Corporation’s most recent form 990 was submitted in 2023 and can be accessed here