RCAP SOLUTIONS INC

WORCESTER, MA | Worcester County
Affordable Housing
RCAP SOLUTIONS INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

RCAP SOLUTIONS INC
04-2454675
191 MAY ST
WORCESTER, MA 01602
Worcester County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • HUD Counseling Agency
  • LIHTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
399
Other housing activities
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Counseling Programs Offered info
  • Fair Housing Pre-Purchase Education
  • Financial Management/Budget Counseling
  • Financial, Budgeting and Credit Workshops
  • Mortgage Delinquency and Default
  • Non-Delinquency Post Purchase Workshops
  • Pre-Purchase Counseling
  • Pre-Purchase Homebuyer Workshops
  • Rental Housing Counseling
  • Rental Housing Workshops
  • Reverse Mortgage Counseling
  • Services for Homeless
Low Income Housing Tax Credit Recipient info
Most Recent LIHTC Project info
COTAGE - HAPGOOD APTS

 
Athol, MA
Amount info
Not reported
Project Year info
2004
Allocation Year info
2004
Total Units info
34
Low-Income Units info
34
Currently Monitored info
Not reported
Construction Type info
Acquisition and Rehab
Property Characteristics info
  • Nonprofit Sponsor
Special Programs & Financing info
  • HOME Program
  • RHS 515 Loan
Targeted Population info
  • Families

IRS Summary

Income
$56.5M
Revenue
$56.5M
Assets
$14.8M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1971-02
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
191 MAY ST
WORCESTER, MA 01602
Worcester County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
49340
MSA/MD info
25
State info
027
County info
7311.01
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
49340 - Worcester, MA-CT
Combined Statistical Area info
148 - Boston-Worcester-Providence, MA-RI-NH-CT
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 58.63%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
7311.01 Worcester County
Population
Total Population 4,527 856,858
Total Households 1,411 326,571
Income
Median Family Income (Census*) $60,795 $81,660
Median Family Income (2022 FFIEC est.) $107,900 $107,900
Tract Income Percentage 62.76% N/A
Below Poverty Level 27.7% 9.8%
Unemployment Level 2.5% 5.5%
Housing
Total Housing Units 1,542 349,131
Total Owner-Occupied Units 46.4% 65.9%
Total Renter-Occupied Units 45.1% 34.1%
Total Vacant Units 8.5% 4.2%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

6
Total Voting Members
in Governing Body info
6
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Karen Koller
President & CEO
(978) 297-5300
Principal Officer info
Karen Koller
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.