2026-05-10T21:30:15-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2024-07-01 042454675 RCAP SOLUTIONS INC FORMERLY RURAL HOUSING IMPROVEMENT INC RCAP 8004881969 191 MAY STREET WORCESTER MA 01602 BRIAN SCALES PRESIDENT AND CEO 9782975300 2026-05-07 1 1 JOLANTA TUCK P01340068 7813803520 2026-05-05 2024 2025-03-06 01:10:19Z BRIAN SCALES 191 MAY STREET WORCESTER MA 01602 78835390 0 X WWW.RCAPSOLUTIONS.ORG X 1969 MA FOSTER SELF-RELIANCE AND IMPROVE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES. 9 9 165 110 0 0 66767335 78324420 432413 452870 14511 20482 30415 37618 67244674 78835390 54244083 63738558 0 0 9587085 10437522 0 0 0 3162516 3842335 66993684 78018415 250990 816975 12579550 13158420 9041466 8803361 3538084 4355059 X RENTAL ASSISTANCE RECEIVED FROM A GOVERNMENT AGENCY UNDER SECTION 8 OF THE HOUSING ASSISTANCE PAYMENTS PROGRAM. PROVIDING TECHNICAL ASSISTANCE AND TRAINING TO LOW-INCOME RURAL COMMUNITIES AND OTHER AGENCIES IN ORDER TO PROVIDE OR ENHANCE THEIR DRINKING WATER & WASTE DISPOSAL FACILITIES. MANAGE HUD 202 PROPERTIES FOR THE ELDERLY. 0 0 69249259 63738558 786 CLIENT RESOURCES - THE CLIENT RESOURCES DIVISION WORKS WITH ELIGIBLE AFFORDABLE HOUSING, HOMELESSNESS PREVENTION, AND FAMILY UNIFICATION AND SELF-SUFFICIENCY SERVICES. THESE SERVICES INCLUDE HOUSING ASSISTANCE PAYMENTS FOR LOW INCOME TENANTS, TRANSITIONAL HOUSING AND ASSISTANCE FOR THE HOMELESS OR THOSE FLEEING DOMESTIC VIOLENCE, LANDLORD TENANT MEDIATION, AND TRAINING AND SUPPORT FOR PROPERTY OWNERS AND FIRST TIME HOMEOWNERS. 4896489 2128 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. 245063 487574 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. 74390811 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 94 0 1 165 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 0 1 1 1 0 MA X BRIAN SCALES 9786306647 191 MAY STREET WORCESTER MA 01602 CARL H ALLEN JR DIRECTOR 5.00 1.00 X 0 0 0 HENRY NOEL JR DIRECTOR 5.00 1.00 X 0 0 0 JEFFREY FOX DIRECTOR 5.00 1.00 X 0 0 0 JOANN MARSILI DIRECTOR 5.00 1.00 X 0 0 0 JULIE CAROLL DIRECTOR 5.00 1.00 X 0 0 0 KEN REID TREASURER 5.00 1.00 X X 0 0 0 LAURA MCGEE IMMEDIATE PAST CHAIR 5.00 2.00 X X 0 0 0 SUSAN BACHMAN VICE CHAIR 5.00 1.00 X X 0 0 0 TIM GRINHAM OUTGOING DIRECTOR 5.00 1.00 X 0 0 0 TRACEY WEEDEN CHAIR 5.00 1.00 X X 0 0 0 ALYSSA GLENNON VP & CFO 40.00 X 164306 0 11130 BRIAN SCALES PRESIDENT/CEO/CLERK 40.00 8.50 X 257745 0 15270 EMILY FARRAND VP OF ADMIN & COO 40.00 X 171793 0 26462 JENNIFER DAY DIR COMM & ENVIRON RESOURCES 40.00 X 141434 0 20022 LINDA A KIRWAN DIRECTOR OF PROPERTY MGMT 40.00 X 118753 0 15066 MAEGEN MCCAFFREY VP OF MARKETING & COMMUNCI 40.00 X 127558 0 8674 MARK A JOHNSON DIR COMM & ENVIRON RESOURCES 40.00 X 123605 0 21877 1105194 0 118501 13 0 1 0 0 78316042 8378 35 78324420 ADMINISTRATION REVENUE 531390 452870 452870 452870 20482 20482 37618 37618 37618 78835390 490488 0 20482 63738558 63738558 465254 465254 8099655 6484050 1615605 385468 311893 73575 639763 539331 100432 847382 516350 331032 82356 82356 76756 76756 127458 78000 49458 803033 760757 42276 30589 11849 18740 681264 595949 85315 1142604 699075 443529 379070 340840 38230 58282 44041 14241 46124 29874 16250 142216 88662 53554 BAD DEBTS 93368 93368 DUES 52288 8135 44153 PORTABILITY 14663 14663 112264 35416 76848 78018415 74390811 3627604 0 1811053 1773754 4916348 6128091 2253601 1846317 644845 863605 19032 19032 240641 304790 1865183 1676342 234965 188841 2412495 1987420 46570 46570 12579550 13158420 1257333 1453437 5001878 4890152 195268 299371 2586987 2160401 9041466 8803361 X 3538084 4355059 3538084 4355059 12579550 13158420 816975 0 X 0 1 X 1 1 1 X 56063547 86006401 62036265 66767335 78324420 349197968 56063547 86006401 62036265 66767335 78324420 349197968 349197968 3609 3706 6020 14511 20482 48328 35153 27526 29899 30415 37618 160611 349406907 2114068 0.99940 0.99940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 35,153. 2021 AMOUNT: $ 27,526. 2022 AMOUNT: $ 29,899. 2023 AMOUNT: $ 30,415. 2024 AMOUNT: $ 37,618. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 127458 127458 0 PART II-B, LINE 1: FEES PAID TO LOBBYING FIRMS IN WASHINGTON DC TO ASSIST IN IMPROVEMENT OF THE INFRASTRUCTURE OF RURAL COMMUNITIES. 0 1 X 910711 828233 82478 411007 395266 15741 543465 452843 90622 188841 OPERATING LEASE RIGHT-OF-USE LIABILITY 2160401 2160401 X PART IV, LINE 2B: FUNDS HELD IN ESCROW FOR TENANTS WHO ARE PARTICIPATING IN THE FAMILY SELF-SUFFICIENCY PROGRAM UNDER THE HUD SECTION 8 CHOICE HOUSING VOUCHER PROGRAM. A PORTION OF THE FAMILY'S MONTHLY RENT PAYMENT IS PLACED INTO AN ESCROW ACCOUNT. UPON SUCCESSFUL COMPLETION OF THE PROGRAM, THE ESCROWED FUNDS ARE TURNED OVER TO THE FAMILY. IF THE PARTICIPANT DOES NOT COMPLETE THE PROGRAM OR IF THEY ARE TERMINATED DUE TO NONCOMPLIANCE WITH PROGRAM REQUIREMENTS, THE FUNDS ARE RETAINED BY THE ORGANIZATION. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE COMPANY'S INFORMATION/TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE ("IRS"), FISCAL YEARS SINCE 2022 REMAIN OPEN FOR AUDIT. AS OF JUNE 30, 2025, THE AGENCY BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS WITH ANY OF ITS OPEN TAX YEARS. 1 HOUSING ASSISTANCE PAYMENTS 46498 63738558 FMV PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH STEPS TAKEN DURING THE CHECK PROCESS BY THE DIRECTOR OF RENTAL ASSISTANCE. THESE STEPS INCLUDE IDENTIFYING TRAINING OPPORTUNITIES FOR BOTH NEW AND SEASONED STAFF AND CREATING, SCHEDULING AND CONDUCTING THESE TRAININGS. ADJUSTMENTS ARE ENTERED BY RENTAL ASSISTANCE MANAGERS WHO MONITOR AND REVIEW ADJUSTMENTS REQUESTED AND DOCUMENTED BY STAFF, ENSURING THAT PAYMENTS ARE PROCESSED CORRECTLY. REVIEW BY THE DIRECTOR OF RENTAL ASSISTANCE AND MEMBERS OF THE FINANCE DEPARTMENT, UTILIZING ESTABLISHED SOFTWARE PROTOCOLS, IDENTIFY ANY POSSIBLE IMPROPER PAYMENTS. ADJUSTMENTS FOUND TO BE INACCURATE ARE THEN CURED AND REENTERED FOR PAYMENT. THE RENTAL ASSISTANCE QUALITY ASSURANCE MANAGER UTILIZES TOOLS PRESCRIBED BY THE FUNDER, DHCD. THE PRIMARY TOOL IS A WEB-BASED QUALITY ANALYSIS TOOL WHICH TRACKS PERFORMANCE FOR ALL RENTAL ASSISTANCE STAFF. AMONG THESE PROGRAMMATIC DELIVERABLES ARE TIMELINESS OF RECERTIFICATION, CORRECT RENT SHARE BASED ON INCOME CALCULATIONS, RECOUPING OF OVER-PAYMENTS AND ABATEMENTS FOR HOUSING QUALITY STANDARDS VIOLATIONS, AMONG OTHERS. THE QUALITY ASSURANCE MANAGER THEN WORKS WITH INDIVIDUAL PERFORMERS TO ASCERTAIN THE GENESIS OF ERRORS AND OFFERS COUNSEL AS TO CORRECTION METHODS. THE QUALITY ASSURANCE MANAGER ALSO REVIEWS PHYSICAL CLIENT FILES TO ENSURE ALL REQUIRED INFORMATION IS COMPLETE, CORRECT AND PROPERLY ORGANIZED WITHIN THE PAPER FILES. X X X X X 0 0 0 0 0 0 0 0 0 BRIAN SCALES PRESIDENT/CEO/CLERK 233545 0 15000 0 9200 0 13868 0 1402 0 273015 0 0 0 EMILY FARRAND VP OF ADMIN & COO 171793 0 0 0 0 0 12157 0 14305 0 198255 0 0 0 ALYSSA GLENNON VP & CFO 164306 0 0 0 0 0 9946 0 1184 0 175436 0 0 0 JENNIFER DAY DIR COMM & ENVIRON RESOURCES 141434 0 0 0 0 0 8930 0 11092 0 161456 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED TO CHANGE THE BOARD COMPOSITION FROM NO FEWER THAN 9 AND NOT MORE THAN 15 DIRECTORS TO NO FEWER THAN 6 AND NOT MORE THAN 12 DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND CEO. ONCE FINAL APPROVAL HAS BEEN OBTAINED, THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS, REVIEWED BY THE COMPENSATION COMMITTEE, AND VOTED ON FOR APPROVAL. FILING IS COMPLETED BY RCAP SOLUTIONS' ADVISORY FIRM (COHNREZNICK ADVISORY LLC). FORM 990, PART VI, SECTION B, LINE 12C RCAP SOLUTIONS CONDUCTS POLICY AND PROCEDURES TRAINING TO ALL EMPLOYEES AND STAFF ON AN ANNUAL BASIS. AS PART OF THE TRAINING THE RCAP SOLUTIONS CONFLICT OF INTEREST POLICY IS COVERED. ALL EMPLOYEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. ADDITIONALLY, ALL NEW EMPLOYEES UNDERGO A THOROUGH NEW EMPLOYEE ORIENTATION PROGRAM. AS PART OF THE ORIENTATION TRAINING THE RCAP SOLUTIONS CONFLICT OF INTEREST POLICY IS COVERED AS WELL AS THE REQUIREMENT FOR NEW EMPLOYEES TO COMPLETE AND SIGN THE RCAP SOLUTIONS CONFLICT OF INTEREST QUESTIONNAIRE. THIS TRAINING, COMPLIANCE, AND MONITORING IS UNDER THE AUTHORITY OF THE RCAP SOLUTIONS' HUMAN RESOURCES DEPARTMENT. IN ADDITION, THE BOARD OF DIRECTORS CONDUCTS A REVIEW OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY EACH SEPTEMBER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE WHICH REVIEWS AN ANNUAL STUDY PREPARED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT. THE CEO'S TOTAL COMPENSATION IS VOTED ON AND APPROVED BY THE CEO COMPENSATION COMMITTEE AND THEN BY THE FULL BOARD OF DIRECTORS ANNUALLY. ALL OTHER EMPLOYEES GO THROUGH A YEARLY EVALUATION BY THEIR MANAGERS STARTING IN JULY & FINISHING IN SEPTEMBER. SIX DIFFERENT COMPETENCIES ARE EVALUATED AND GOALS ARE SET FOR THE COMING YEAR. A WEIGHTED POINT SYSTEM IS USED TO DETERMINE A SALARY INCREASE (IF ANY). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE PRESIDENT OF THE BOARD OF DIRECTORS OR BY INSPECTION AT THE WORCESTER OFFICE. 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