2021-03-04T19:38:03-06:00 2020-09-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-10-01 920033876 RURAL ALASKA COMMUNITY ACTION PROGRAM RURA 9072792511 731 E 8TH AVENUE ANCHORAGE AK 99501 PATRICK ANDERSON CHIEF EXECUTIVE OFFICER 9072792511 2021-03-01 1 WENDY CAMPOS P00448102 5032421447 2021-03-01 2019 2022-09-23 18:48:47Z PATRICK ANDERSON 731 E 8TH AVENUE ANCHORAGE AK 99501 26138506 0 X WWW.RURALCAP.COM X 1965 AK PROVIDE RESOURCES TO LOW-INCOME ALASKANS, COMPREHENSIVE EARLY CHILDHOOD SERVICES, SERVICES FOR HOMELESS PERSONS IN EXTREME POVERTY, WEATHERIZATION & PLANNING SERVICES. 22 22 604 663 0 0 21458217 21780631 3168914 3363182 423615 507426 0 0 25050746 25651239 0 0 0 0 16860735 17861527 0 0 0 10276842 9379162 27137577 27240689 -2086831 -1589450 38108502 38972487 7935766 8896271 30172736 30076216 X TO EMPOWER LOW-INCOME ALASKANS THROUGH ADVOCACY, EDUCATION, AFFORDABLE HOUSING AND DIRECT SERVICES THAT RESPECT OUR UNIQUE VALUES AND CULTURES. 0 0 11275445 378751 THE CHILD DEVELOPMENT DIVISION PROVIDES EARLY CHILDHOOD AND FAMILY SUPPORT SERVICES TO PRENATAL WOMEN, CHILDREN AND FAMILIES IN 24 COMMUNITIES ACROSS ALASKA, SERVING 936 CHILDREN AND THEIR FAMILIES. THE PROGRAMS OFFERED INCLUDE HEAD START, EARLY HEAD START, PARENTS AS TEACHERS, AND THE CHILD DEVELOPMENT CENTER IN ANCHORAGE. CHILD DEVELOPMENT PROGRAMS OPERATE UNDER STRICT FEDERAL AND STATE REGULATIONS, WHICH REQUIRE A WELL-TRAINED STAFF AND CONTINUOUS MONITORING AND PROGRAM IMPROVEMENT. PROGRAMS ARE DESIGNED TO FACILITATE PARENT INVOLVEMENT AND COMMUNITY COLLABORATION SURROUNDING THE BASIC BELIEF THAT PARENTS ARE THE CHILD'S FIRST AND BEST TEACHER. CHILDREN RECEIVE SERVICES THAT PROMOTE POSITIVE SOCIO-EMOTIONAL DEVELOPMENT, HEALTHY PRACTICES, CULTURAL RICHNESS AND SCHOOL READINESS. 6426387 2816621 RURAL CAP IS AN ACCREDITED BEHAVIORAL HEALTH PROVIDER WITH A SUPPORTIVE HOUSING DIVISION OPERATING 285 AFFORDABLE HOUSING UNITS FOR LOW-INCOME INDIVIDUALS IN ANCHORAGE AND PROVIDES FIVE CLINICAL PROGRAMS ACROSS EIGHT LOCATIONS, OFFERING BEHAVIORAL HEALTH SERVICES, FOLLOWING THE INTENSIVE CASE MANAGEMENT MODEL, TO INDIVIDUALS IN HOUSING WHO HAVE SUDBSTANCE USE OR CO-OCCURRING DISORDERS AND WHO HAVE EXPERIENCED CHRONIC HOMELESSNESS. THESE BEHAVIORAL HEALTH SERVICES ARE VOLUNTARY, BUT RURAL CAP MAINTAINS A HIGH ENROLLMENT RATE. RURAL CAP TAKES A HOLISTIC APPROACH TO THE INDIVIDUAL, RECOGNIZING THE OVERALL SPECTRUM OF NEEDS AND TREATING THEM CONCURRENTLY. ALL PROGRAMS PROVIDE AN INTEGRATED, COMPREHENSIVE APPROACH TO TREATMENT, RECOVERY SUPPORT SERVICES, AND PERMANENT HOUSING PLACEMENT. 2882760 25125 FIFTEEN SELF-HELP HOUSING HOMEBUYERS RECEIVED TECHNICAL ASSISTANCE AND PROJECT OVERSIGHT IN SOLDOTNA AND TOOK OCCUPANCY TO THEIR NEW HOMES ON MAY 1, 2020. NINE SELF-HELP HOMEBUYERS BEGAN CONSTRUCTION OF THEIR HOMES IN SOLDOTNA IN EARLY SEPTEMBER, 2020. CONSTRUCTION IS ESTIMATED TO BE COMPLETED ON THE HOMES IN NOVEMBER, 2021. RURAL CAP ASSISTED TWENTY VERY-LOW AND LOW INCOME FAMILES IN OBTAINING CERTIFICATES OF ELIGIBILITY TO PURCHASE A HOME THROUGH USDA RURAL DEVELOPMENT'S 502 PACKAGED LAON PROGRAM. EIGHT VERY-LOW INCOME FAMILES HAVE SUCCESSFULLY CLOSED ON THEIR LOANS AND MOVED INTO THEIR HOMES SINCE JANUARY, 2020. RURAL CAP'S CONSTRUCTION TEAM PROVIDE WEATHERIZATION SERVICES TO INCLUDE INCDOOR AIR QUALITY UPGRADES AND HEALTH AND SAFETY MEASURES FOR 179 HOMES IN THE NORTHWEST ARCTIC, BERING STRAITS, CALISTA, KUSILVAK AND SOUTHEAST ALASKA REGIONS. OF THE 179 HOMES TO RECEIVE WEATHERIZATION SERVICES, 85 HOMES WERE OCCUPIED BY SENIORS AND ADDITIONAL 12 HOMES RECEIVED ACCESSIBILITY IMPROVEMENT FOR CLIENTS WITH DISABILITIES. 2728435 142685 COMMUNITY DEVELOPMENT TEAM WITHIN THE COMMUNITY DEVELOPMENT DIVISION: COMMUNITY DEVELOPMENT TEAM PROGRAMS SERVED OVER 6,500 INDIVIDUALS FROM MORE THAN 100 COMMUNITIES IN FY20 THROUGH A VARIETY OF CAPACITY BUILDING AND WELLNESS ACTIVITIES. THESE INCLUDE AMERICORPS, VISTA AND ELDER MENTOR PROGRAMS, IN ADDITION TO SEVERAL TRAINING AND TECHNICAL ASSISTANCE INITIATIVES. TOPIC AREAS INCLUDE SUBSTANCE USE PREVENTION, TOBACCO PREVENTION, YOUTH ENGAGEMENT, LEADERSHIP AND BEST PRACTICES FOR WORKING WITH TRIBAL YOUTH, NUTRITION EDUCTION AND HYDROPONIC GARDENING, TRIBAL JUSTICE AND TRIBAL COURT DEVELOPMENT, AND STATE AND FEDERAL GRANT MANAGEMENT. IN PARTNERSHIP WITH THE NATIVE VILLAGE OF HOOPER BAY, COMMUNITY DEVELOPMENT ALSO SUPPORTS A DOMESTIC VIOLENCE SHELTER IN HOOPER BAY. 822696 OTHER PROGRAMS 3551131 142685 24135723 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 98 0 1 604 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 X SARAH SANDBAK 9078657369 731 E 8TH AVENUE ANCHORAGE AK 99501 NANCY BURKE PRESIDENT 1.00 X X 0 0 0 RENE NICKLIE VICE PRESIDENT 1.00 X X 0 0 0 MARGARET ROBERTS TREASURER 1.00 X X 0 0 0 NIKOLE NELSON SECRETARY 1.00 X X 0 0 0 AMANDA MCFARLAND BOARD MEMBER 1.00 X 0 0 0 ANDREA KIRBY BOARD MEMBER 1.00 X 0 0 0 BETTY SVENSSON BOARD MEMBER 1.00 X 0 0 0 BRANDON BOOLOWON BOARD MEMBER 1.00 X 0 0 0 CHUCK KOPP BOARD MEMBER 1.00 X 0 0 0 ETTA KUZAKIN BOARD MEMBER 1.00 X 0 0 0 LEIF ALBERTSON BOARD MEMBER 1.00 X 0 0 0 LORENA WALKER BOARD MEMBER 1.00 X 0 0 0 MARK HOOVER BOARD MEMBER 1.00 X 0 0 0 MARVIN ADAMS BOARD MEMBER 1.00 X 0 0 0 MATTHEW ANDERSON BOARD MEMBER 1.00 X 0 0 0 MYRNA TORGRAMSEN BOARD MEMBER 1.00 X 0 0 0 NANCY JAMES BOARD MEMBER 1.00 X 0 0 0 NICOLE EVANS BOARD MEMBER 1.00 X 0 0 0 RALPH WOLFE BOARD MEMBER 1.00 X 0 0 0 ROBERT HOFFMAN BOARD MEMBER 1.00 X 0 0 0 TED ANGASAN BOARD MEMBER 1.00 X 0 0 0 WALTER SAMPSON BOARD MEMBER 1.00 X 0 0 0 PATRICK ANDERSON CHIEF EXECUTIVE OFFICER 40.00 X 264818 0 26419 BARBARA BELL CHIEF PEOPLE AND CULTURE OFFICER 40.00 X 144003 0 0 L TIEL SMITH CHIEF OPERATING OFFICER 40.00 X 151457 0 0 SARAH SANDBAK CHIEF FINANCIAL OFFICER 40.00 X 59578 0 4112 CYNTHIA TISHER CHIEF FINANCIAL OFFICER 40.00 X 112859 0 0 DEBRA BALDWIN DIVISION DIRECTOR 40.00 X 131408 0 25935 KENTON BANKS DIVISION DIRECTOR 40.00 X 106359 0 17980 CATHERINE CLEMENTS DIVISION DIRECTOR 40.00 X 126487 0 12599 KRISTIN RAMSTAD DIVISION DIRECTOR 40.00 X 103978 0 32733 CORRINE O'NEIL DIVISION DIRECTOR 40.00 X 101650 0 26994 1302597 0 146772 9 0 1 0 DISCOUNT MECHANICAL HEATING LLC PO BOX 233694 ANCHORAGE AK 99523 WEATHERIZATION/HVAC 361137 DBS ENTERPRISES LLC 23324 GREATLAND DRIVE CHUGIAK AK 99567 MOBILE HOME REPAIR 359121 TRIPLE V CONTRACTING LLC PO BOX 521307 BIG LAKE AK 99652 WEATHERIZATION/HVAC 253156 THE ULTIMATE SOFTWARE GROUP INC PO BOX 930953 ATLANTA GA 31193 HRIS SOFTWARE 196308 DENALITEK INC 560 E 34TH AVENUE SUITE 101 ANCHORAGE AK 99503 TECHNICAL SUPPORT/HELP DESK 195240 14 21070221 710410 21780631 SUPPORTIVE HOUSING 624200 2816621 2816621 CHILD DEVELOPMENT 611710 378751 378751 COMMUNITY DEVELOPMENT 624100 142685 142685 PLANNING & CONSTRUCTION 230000 25125 25125 3363182 584393 584393 410300 487267 -76967 -76967 -76967 25651239 3363182 0 507426 705469 705469 13205543 12352114 853429 3950515 3292949 657566 116300 116300 2569467 1942436 627031 415502 341358 74144 1952659 2121524 -168865 664925 625694 39231 158514 93325 65189 504720 374207 130513 293566 231162 62404 PROGRAM SUPPLIES 1051852 1049684 2168 OTHER DIRECT COSTS 799422 709653 89769 EQUIPMENT MAINTENANCE A 422249 223609 198640 COMMUNICATION 321895 670388 -348493 108091 107620 471 27240689 24135723 3104966 0 1409690 1904999 4148845 3618781 628763 758923 178648 304638 15881925 5651352 10883713 10230573 14289994 15542626 6568849 6611947 38108502 38972487 2446946 2129399 957790 2535081 3568397 3109475 962633 1122316 7935766 8896271 X 29750425 29678595 422311 397621 30172736 30076216 38108502 38972487 X -1589450 240285 1252645 X X 0 1 X 1 1 1 X 28050165 26630930 24127644 21458217 21780631 122047587 28050165 26630930 24127644 21458217 21780631 122047587 122047587 203439 219421 247675 351019 584393 1605947 123653534 16085120 0.98700 0.99100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2228260 2228260 12972539 5058471 7914068 681126 592881 88245 10230573 15542626 C 15542626 DEPOSITS 5524 RESTRICTED CASH 664733 OTHER RECEIVABLES 390462 INTERCOMPANY RECEIVABLE 5551228 6611947 MISCELLANEOUS LIABILITIES 1122316 1122316 X PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF ANY, IN MANAGEMENT AND GENERAL EXPENSE. THE ORGANIZATION HAD NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2020 AND 2019. X X 0 0 0 0 0 0 0 0 0 PATRICK ANDERSON CHIEF EXECUTIVE OFFICER 264818 0 0 0 0 0 14083 0 12336 0 291237 0 0 0 L TIEL SMITH CHIEF OPERATING OFFICER 151457 0 0 0 0 0 0 0 0 0 151457 0 0 0 CYNTHIA TISHER CHIEF FINANCIAL OFFICER 112859 0 0 0 0 0 0 0 0 0 112859 0 0 0 DEBRA BALDWIN DIVISION DIRECTOR 131408 0 0 0 0 0 13599 0 12336 0 157343 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER (CFO) FOR ACCURACY AND THEN PRESENTED TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE REVIEWS THE COMPLETED FORM AND IS ABLE TO ASK QUESTIONS OF THE CFO/EXECUTIVE TEAM REGARDING THE INFORMATION PRESENTED. ONCE SATISFIED THE FINANCE COMMITTEE RECOMMENDS THAT THE BOARD ACCEPTS THE 990 AS PRESENTED. THE FORM IS THEN PRESENTED TO THE BOARD AND THEY HAVE AN OPPORTUNITY TO ASK QUESTIONS BEFORE VOTING TO ACCEPT THE COMPLETED FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS MEMBERS OF THE RURAL CAP BOARD OF DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS. EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION RURAL CAP MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE PROCEDURE FOR ADDRESSING ANY POTENTIAL CONFLICT OF INTEREST INCLUDES: 1) AN INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD, AFTER WHICH THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST; 2) THE CHAIR OF THE BOARD SHALL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION; 3) THE BOARD SHALL DETERMINE WHETHER RURAL CAP CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST; AND 4) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLE POSSIBLE THE BOARD SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN RURAL CAP'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION B, LINE 15A CEO IS PAID UNDER THE TERMS OF A CONTRACT NEGOTIATED WITH THE BOARD HIRING COMMITTEE PRIOR TO BEING HIRED. FORM 990, PART VI, SECTION C, LINE 19 WILL PROVIDE COPIES UPON REQUEST. FORM 990, PART XI, LINE 9: EXCLUSION OF REE INVESTMENT 1,800,645. DIVIDEND RECEIVED -548,000. FORM 990, PART XII - FINANCIAL STATEMENTS AND REPORTING, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. RC 325 THIRD LLC 325 EAST THIRD AVENUE ANCHORAGE AK 99501 475011376 INVESTMENTS AK 193152 3605305 RURAL CAP RC MULDOON ROAD LLC 731 E 8TH AVENUE ANCHORAGE AK 99501 813377379 INVESTMENTS AK 262415 RURAL CAP 325 E 3RD LIMITED PARTNERSHIP PO BOX 200908 ANCHORAGE AK 99501 REAL ESTATE AK RURAL CAP RELATED -15 3605305 0 1 0.00010 MULDOON GARDEN LIMITED PARTNERSHIP 731 E 8TH AVENUE ANCHORAGE AK 99501 REAL ESTATE AK RURAL CAP RELATED -34 0 1 0.00010 RURAL ENERGY ENTERPRISES 6637 ARCTIC SPUR ROAD ANCHORAGE AK 99518 920130133 RETAIL SALES AK RURAL CAP C 11647421 11937321 1.00000 1 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 1 1 0 RURAL ENERGY ENTERPRISES D 3000000 CASH RURAL ENERGY ENTERPRISES F 548000 CASH 325 E 3RD LIMITED PARTNERSHIP M 12672 CASH RC MULDOON ROAD LLC M 7897 CASH