Rcap Solutions Inc
501(c)(3) Donations tax-deductible
95% goes to programs $0 to raise $100 Thin reserves Growing revenue
Rcap Solutions Inc is a 501(c)(3) organization based in Worcester, Massachusetts, registered in 1971, with $67,244,674 in FY2023 revenue. CharityIndex grades it B+, and it directs about 95% of spending to programs.
191 May St, Worcester, MA, 01602 EIN 04-2454675 Since 1971
Revenue (FY2023)
$67.2M
▲ 7.6% vs prior year
Expenses (FY2023)
$67.0M
Net assets
$3.5M
Employees
150
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating95% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Rcap Solutions Inc: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rcap Solutions Inc: 1 mo reserves · +0% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Rcap Solutions Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rcap Solutions Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Foster self-reliance and improve quality of life for individuals and families.
What they do
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.
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.
Contact & location
- Address
- 191 May St, Worcester, MA, 01602
- City
- Worcester
- State
- Massachusetts
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $30.1M (FY2013) to $67.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $9.0MNet assets $3.5M
Operating margin
0.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.6M
Total liabilities
$9.0M
Net assets
$3.5M
Salaries & benefits
$9.6M
14% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $67,244,674▲7.6% | $66,993,684▲6.7% | $3,538,084▲7.6% | $12,579,550▲3.3% | 990 |
| 2022 | $62,477,099▼27.7% | $62,781,544▼26.7% | $3,287,094▼8.5% | $12,177,708▲34.0% | 990 |
| 2021 | $86,440,230▲52.9% | $85,703,782▲55.0% | $3,591,539▲25.8% | $9,084,523▼38.5% | 990 |
| 2020 | $56,523,582▲46.8% | $55,304,025▲44.8% | $2,855,091▲74.6% | $14,779,223▲130% | 990 |
| 2019 | $38,499,579▲5.9% | $38,193,579▲6.0% | $1,635,534▲23.0% | $6,427,378▲24.3% | 990 |
| 2018 | $36,351,329▲9.7% | $36,034,252▲9.1% | $1,329,534▲31.3% | $5,168,842▲7.6% | 990 |
| 2017 | $33,151,333▲4.8% | $33,019,992▲5.0% | $1,012,457▲14.9% | $4,804,817▲0.7% | 990 |
| 2016 | $31,644,405▲3.3% | $31,449,561▲4.5% | $881,116▲28.4% | $4,772,143▼9.9% | 990 |
| 2015 | $30,628,626▲7.1% | $30,109,620▲4.0% | $686,272▲310% | $5,294,384▲7.4% | 990 |
| 2014 | $28,596,376▼5.0% | $28,949,711▼4.5% | $167,266▼67.9% | $4,931,689▼3.2% | 990 |
| 2013 | $30,109,531 | $30,309,076▲3.7% | $520,601▼27.7% | $5,093,062▲1.4% | 990 |
| 2012 | — | $29,231,079▲5.7% | $720,146▼10.3% | $5,024,013▲26.1% | 990 |
| 2011 | — | $27,645,540▲4.1% | $803,065▼16.0% | $3,983,947▼8.2% | 990 |
| 2010 | — | $26,560,070▲1.0% | $956,474▲16.8% | $4,338,591▲0.2% | 990 |
| 2009 | — | $26,302,546 | $819,026 | $4,329,926 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Brian Scales — $225,945 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian Scales | President/ceo/clerk | 40 | $225,945 |
| Emily Farrand | Vp of Admin & Coo | 40 | $169,230 |
| Alyssa Glennon | Vp & Cfo | 40 | $155,572 |
| Jennifer Day | Dir Comm & Environ Resourc | 40 | $135,435 |
| Maegen Mccaffrey | Vp of Marketing & Communci | 40 | $120,370 |
| Joshua Bedarian | Chief Housing & Compliance | 40 | $110,264 |
| Aracelis Nieves | Deputy Director | 40 | $108,921 |
| Carl H Allen Jr | Director | 5 | — |
| Henry Noel Jr | Director | 5 | — |
| Julie Caroll | Director | 5 | — |
| Ken Reid | Treasurer | 5 | — |
| Laura Mcgee | Chair | 5 | — |
| Susan Bachman | Director | 5 | — |
| Tim Grinham | Director | 5 | — |
| Tracey Weeden | Vice Chair | 5 | — |
Grants received · $153K total
3 grants to Rcap Solutions Inc totaling $153K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Spectrum Health Systems Inc | To support community programs that serve in the same communities that spectrum operates. | 2022 | $5,000 |
| Network For Good Inc | Unrestricted | 2018 | $11,714 |
| Way Finders Inc | Household assistance supplement | 2014 | $136,086 |
Frequently asked questions
- Is Rcap Solutions Inc a legitimate nonprofit?
- Yes. Rcap Solutions Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2454675, based in Worcester, Massachusetts. Donations are tax-deductible.
- What is Rcap Solutions Inc's EIN?
- Rcap Solutions Inc's Employer Identification Number (EIN) is 04-2454675.
- How much revenue does Rcap Solutions Inc report?
- Rcap Solutions Inc reported $67,244,674 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Rcap Solutions Inc's spending goes to programs?
- Rcap Solutions Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rcap Solutions Inc have?
- CharityIndex grades Rcap Solutions Inc B+, based on program efficiency and fundraising cost.
- How much does Rcap Solutions Inc's highest-paid employee make?
- The highest reported compensation on Rcap Solutions Inc's latest Form 990 is $225,945, paid to Brian Scales (President/ceo/clerk).
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Data for Rcap Solutions Inc (EIN 04-2454675) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.