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ORANGE COUNTY RURAL DEVELOPMENT ADVISORY CORP (OCRDAC)
WALDEN, NY · EIN 141645494 · Form 990 · FY2024 · NTEE S32Z · Community Improvement · Medium ($1M-$10M) · ocrdac.org
revenue
$1.8M
expenses
$2.1M
net assets
$672K
employees
0
program ratio
94%
mission · from form 990

TO PROMOTE RURAL REVITALIZATION AND COMMUNITY RENEWAL ACTIVITIES IN NEW YORK STATE.

profile · synthesized from sources

Rural Development Advisory Corporation (RDAC) is a nonprofit organization focused on affordable housing development and financial counseling services in New York's Hudson Valley. As a subsidiary of RUPCO since 2015, it supports homeownership, provides foreclosure prevention counseling, and manages low-income rental units. The organization serves residents in Orange and Sullivan Counties through housing rehabilitation, energy efficiency upgrades, and accessibility modifications.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $349K
    HOME OWNERSHIP/FINANCIAL COUNSELING PROVIDED.
  2. #2 $0
    PROVIDE AND MANAGE QUALITY LOW INCOME RENTAL UNITS TO THOSE NEEDING THIS SERVICE.
named programs · 4 · from sources

What they call their work

Foreclosure Prevention Counseling
Delivers expert guidance to homeowners facing financial hardship to help avoid foreclosure
Homebuyer Counseling and Grants
Provides education and financial resources to help individuals and families achieve homeownership in the Hudson Valley
Homeowner Repair Grants
Offers assistance for accessibility modifications, energy efficiency upgrades, and general home repairs for low-income homeowners
Low-Income Rental Management
Develops and manages affordable rental units for individuals and families in need of stable housing
activities · 6 groups

What they do

  • First-Time Homebuyer Support Services 2 activities
    • Foreclosure prevention counseling
      Provides counseling services to help homeowners navigate financial hardships and avoid foreclosure.
    • Homeownership and financial counseling
      Offers homebuyer counseling and financial education services to empower individuals and families in achieving and sustaining homeownership.
  • Affordable Home Construction & Rehabilitation 1 activity
    • Development of affordable housing units
      Develops real estate projects that result in the creation of affordable housing, including over 100 units, with a focus on moderate rehabilitation and acquisition for first-time homebuyers.
  • Low-Income Home Energy Efficiency Upgrades 1 activity
    • Energy efficiency and home repair programs
      Offers energy efficiency upgrades and general home repair services through grant programs to improve home safety, sustainability, and affordability.
  • Home Accessibility Modifications 1 activity
    • Home accessibility and aging-in-place modifications
      Provides accessibility modifications to homes to support aging in place for older adults and individuals with disabilities.
  • Affordable Housing Development and Management 1 activity
    • Management of low-income rental housing
      Provides and manages quality low-income rental units for individuals in need, ensuring access to safe and affordable housing.
  • Disaster-Resilient Home Reconstruction 1 activity
    • Residential rehabilitation and reconstruction projects
      Implements residential rehabilitation, reconstruction, and mitigation projects for homes affected by natural disasters such as Hurricane Ida.
financials · form 990 · fy2024
revenue
Total revenue$1.76M
Contributions & grants$1.72M98%
Program service revenue$37K2%
Investment income$00%
Other revenue$340
expenses
Total expenses$2.07M
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$429K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$1.19M
Cash$221K
Investments$0
Liabilities$517K
Net assets$672K
Liquid reserves1.3 mo
5 years on record · 2020–2024 · YoY revenue -20.8%
leadership · form 990 part vii · fy2024

Who runs it

board members · 7
  • JOHN REVELLA — PRESIDENT
  • KATIE MCKNIGHT — MEMBER
  • KEITH HUNTER — SECRETARY
  • KEVIN O'CONNER — MEMBER
  • MIKE BLISS — TREASURER
  • RACHEL SIMMONS — RESIGNED 12.
  • WILLEY CARLEY — VICE PRESIDE
relationships · 2

Who they work with

  • RUPCO Partner — Collaborates with RUPCO on homebuyer counseling, homeowner repair grants, and foreclosure prevention services.
  • RUPCO Partner — RDAC is a subsidiary of RUPCO since 2015.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Affordable Housing as a Foundation for Community Vitality
    methodology: affordable_housing_for_stability
    By expanding diverse and affordable housing across income levels, we foster healthy, stable communities because inclusive housing strengthens social cohesion and economic resilience.
  • Homeownership Empowerment through Education and Financial Support
    methodology: financial_empowerment_for_homeownership
    By combining homeownership education with financial resources and real estate development, we enable first-time homebuyers to achieve and sustain ownership, because informed and supported households are more likely to succeed and build long-term wealth.
  • Housing-First Stability through Repairs and Rehabilitation
    methodology: housing_first
    By repairing and rehabilitating residential properties, especially using disaster recovery funding, we produce long-term housing stability because safe and upgraded homes reduce displacement risk and strengthen community resilience.