NonprofitsRcap Solutions Inc

Rcap Solutions Inc

WORCESTER, MA

Total revenue

$67.2M

Total expenses

$67.0M

Net assets

$3.5M

Grants received

$22.2M

19 grants

EIN

042454675

Tax year

2023

Mission

Foster self-reliance and improve quality of life for individuals and families.

Programs

2 programs

Community resources - the community resources division works with communities throughout the northeast, puerto rico and the u.s. Virginislands to promote public, environmental, and economic health by providing consulting, planning, financing, build-out oversight,regulatory and compliance oversight, management, and operational support for a wide range of community development and infrastructure projects.

Expenses: $4.2M

Property management - the property management division oversees the support for a wide range of community development and infrastructure projects. Operations of all residential rental properties, as well as development activity, to its properties located in central massachusetts. The company's portfolio currently includes ten affordable housing projects.

Expenses: $196K

Financials

FY 2023

Revenue

Contributions & grants$66.8M
Program service revenue$432K
Investment income$15K
Other revenue$30K
Total revenue$67.2M

Expenses

Grants paid$54.2M
Salaries & benefits$9.6M
Fundraising
Other expenses$3.2M
Total expenses$67.0M
Total assets$12.6M
Net assets$3.5M

People

15 listed

NameRoleCompensation

BRIAN SCALES

PRESIDENT/CEO/CLERK

Board

$226K

40 hrs/wk

ALYSSA GLENNON

VP & CFO

Board

$156K

40 hrs/wk

CARL H ALLEN JR

DIRECTOR

Board

5 hrs/wk

TRACEY WEEDEN

VICE CHAIR

Board

5 hrs/wk

HENRY NOEL JR

DIRECTOR

Board

5 hrs/wk

JULIE CAROLL

DIRECTOR

Board

5 hrs/wk

KEN REID

TREASURER

Board

5 hrs/wk

LAURA MCGEE

CHAIR

Board

5 hrs/wk

SUSAN BACHMAN

DIRECTOR

Board

5 hrs/wk

TIM GRINHAM

DIRECTOR

Board

5 hrs/wk

EMILY FARRAND

VP OF ADMIN & COO

Staff

$169K

40 hrs/wk

JENNIFER DAY

DIR COMM & ENVIRON RESOURC

Staff

$135K

40 hrs/wk

MAEGEN MCCAFFREY

VP OF MARKETING & COMMUNCI

Staff

$120K

40 hrs/wk

JOSHUA BEDARIAN

CHIEF HOUSING & COMPLIANCE

Staff

$110K

40 hrs/wk

ARACELIS NIEVES

DEPUTY DIRECTOR

Staff

$109K

40 hrs/wk

Grants received

Showing 19 of 19

FromAmountPurposeYear
$300K
PRIVATE WELL PROGRAM TO PROTECT PUBLIC HEALTH
2024
$3.8M
TECHNICAL ASSISTANCE, TRAINING AND RESEARCH AND ECONOMIC DEVELOPMENT
2023
$45K
HOUSING AND STABILIZATION ASSISTANCE
2023
$3.4M
TECHNICAL ASSISTANCE, TRAINING AND RESEARCH AND ECONOMIC DEVELOPMENT
2022
$850K
PRIVATE WELL PROGRAM TO PROTECT PUBLIC HEALTH
2022
$45K
PASS THROUGH PAYMENTS
2022
$5K
TO SUPPORT COMMUNITY PROGRAMS THAT SERVE IN THE SAME COMMUNITIES THAT SPECTRUM OPERATES.
2022
$3.1M
TECHNICAL ASSISTANCE, TRAINING AND RESEARCH AND ECONOMIC DEVELOPMENT
2021
$2.3M
TECHNICAL ASSISTANCE, TRAINING AND RESEARCH AND ECONOMIC DEVELOPMENT
2020
$225K
MORTGAGE PROTECTION PROGRAM
2020
$204K
CENTRAL MASSACHUSETTS PRIVATE WELL PROGRAM TO PROTECT PUBLIC HEALTH
2020
$184K
RENTAL ASSISTANCE
2020
$2.8M
TECHNICAL ASSISTANCE, TRAINING AND RESEARCH AND ECONOMIC DEVELOPMENT
2019
$3.0M
TO PROVIDE ON-SITE ASSISTANCE TO SMALL COMMUNITIES IN THE RESPECTIVE REGION.
2018
$12K
Unrestricted
2018
$2.0M
TO PROVIDE ON-SITE ASSISTANCE TO SMALL COMMUNITIES IN THE RESPECTIVE REGION.
2017

Funded by

$22.2M from 7 funders · 19 grants · 2017–2024

Rural Community Assistance

$20.2M · 7 grants · 2017–2023

The Health Foundation Of Central Massach

$1.4M · 3 grants · 2020–2024

Greater Worcester Community Foundation

$419K · 3 grants · 2020–2024

National Community Reinvestment

$80K · 3 grants · 2022–2024

Network For Good

$12K · 1 grant · 2018

Spectrum Health Systems Inc

$5K · 1 grant · 2022

Details

EIN042454675
Subsection03
Ruling date1971-02
Formed1969
Employees150
Volunteers110
RCAP SOLUTIONS INC — Mission, Financials & Grants Received | Grantivo