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2013ANNUALREPORT
BoardofDirectorsasofscalyearendSept.302013PresidentElizabethMooreVicePresidentRobertRendonSecretaryAnitaGahimerCrowTreasurerNalaniFujimoriKainaMembersFrankBravoJoeHerringMartinMillerRachelMorseVickieOldman-JohnDavid.ProvostGarySeversonJohnSheehan
RCACprovidestechnicalassistancetrainingandfnancingsoruralcommunitiesachievetheirgoalsandvisions.RCACservesruralcommunitiesin13westernstatesandotherPacifcIslandsCELEBRATING35YEARSClickoratimelineoRCAChistory
RCACSLOANFUNDCELEBRATES25YEARS62659individualwaterandwastewaterCONNECTIONS3millionsquarefeetofspaceforCOMMUNITYFACILITIES14489JOBS12315HOUSINGUNITSAsofSept.302013RCACclosed703loanswhichtotalednearly400millionandleveragedmorethan1.5billionforprojectsinruralcommunities.Theseloanssupported
September30markedtheendoour35thyearandwearepleasedtoreportthatitwasextremelysuccessul.RCAChasprosperedbydevelopingnewskillsanddiversiyingitsundingtomeetthechallengesandopportunitiesintheruralwest.DuringRCACsearlyyearswewroteundingapplica-tionsandencouragedothernonprotorganizationstohelpcommunitiessecureneworimproveexistingwaterandwasteacilities.Ourstawasagroupogeneraliststrainedincommunitydevelopment.Todaywearespecialistswithtechnicalskillstocomplementourcommunitydevelopmentgoals.Weconductmorethan150trainingsessionsayeartoimprovetheskillsosmallsystemoperatorsandcommunityboards.Wealsoprovideon-sitetrainingandtechnicalassistancetotribalandothersmallsystemoperatorstohelpsystemscomplywithederalandstateregulations.Weprepareratestudiesenvironmentalreviewshouseholdincomesurveysandnancialmanagementanalyses.WhenwebeganoneoRCACsprogramswashousing.Westartedwithjustaewlocalpartnersandnowcol-laboratewithmorethan50ruralhousingorganizations.Weprovidetechnicalandnancialresourcestohelpincreasethesingle-andmulti-amilyaordablehousingsupply.Weareparticularlyproudotherolewehaveplayedtokeepthesel-helphousingnetworkintheWeststrongintheaceothemortgagecrisis.Westartedtheloanundin1988witha1.2millionloanandgrantromtheFordFoundation.Todaytheundhasbeeninoperationor25yearsandcapitalizedatmorethan70million.LoanproductshaveexpandedRCACAnnualReport2013romnancingutilitiesandhousingtocommunityacilitiesandsmallbusinesslending.AsoSept.302013RCACclosed703loanswhichtotalednearly400millionandleveragedmorethan1.5billionorprojectsinruralcommunities.Aswepreparetoadoptanewstrategicplanin2014RCACboardmembersandstahaveinterviewedstake-holdersinruralcommunitiestohelpusidentiyneedsandsetnewgoals.Wehaveheardthatinadequatewaterandwastewateracilitieslimitedlow-incomeandmiddle-incomehousingandinsufcienteconomicopportunitiesandnancingstymieruraldevelopment.Butwehavealsoheardaboutstrategiestoincreaseeconomicviabilityinruralcommunitiesandtheneedoradditionaltechnicalsupporttoimplementthesestrategies.Ournewplanwillberesponsivetoallotheseissues.Therehavebeenmanychangesinour35yearhistory.Werestructurednumeroustimesandstahavecomeandgone.Therewereeightousinthebeginningwehave104stamemberstoday.SomethingsremainconstantthoughtheopportunitytomakeadierenceverysupportiveunderswhoseinvestmentsmakeallourworkpossibleandcollaborationwithourpartnersontheroadtomaketheruralWestenduringhealthyandvibrant.Ithasbeenourpleasuretobeapartnerinruralcommunitydevelopmentor35years.Thankyoualloryoursupportandencouragement.StanleyKeaslingChieExecutiveOfcerCEOLetterDearRCACFriends
RCACprovidesanunsurpassedexpertiseinwaterresourcemanagementgreatcustomerfocushighqualityworkandperformanceandgoalorientedresults.RomeroLuceroElValleAlliancepresident
ELVALLEWATERALLIANCEELVALLEWATERALLIANCEregionalsupportsustainswatersystemsThirteenMutualDomesticWaterConsumerAssociationsMDWCAinElValleNewMexicohavestruggledtoprovidereliablesaedrinkingwatertotheircustomers.Manyhadederaldrinkingwaterstandardscomplianceissuesandallhadaginginrastructurethatwasbuiltasarbackasthe1950s.AllotheMDWCAswererunbyvolunteerswhohadverylittletrainingandwerenotcertieddrinkingwatersystemoperators.ThepathtosaedrinkingwaterorthesesmallMDWCAswasre-gionalization.Regionalizationensuressaeandreliablewaterservicescreateslocaljobsthroughinrastructureexpansionandattractsnewhousingandcommercialgrowth.Regionalizationalsoallowsthe13MDWCAstoshareresourcesincludingwaterresourcesequipmentstaandocespace.RCACacilitatedmeetingstohelptheMDWCAschangemorethan40yearsotraditionsandtoincorporateintooneentityElValleAllianceAlliance.ThenegotiationsthatproducedtheAlliancealsoclariedeachassoci-ationswaterrightsrevisedwaterratestorefecttrueservicecostsprioritizedinrastructureneedscreatedaplantocertiyvolunteerwateroperatorsandhiredacertiedwateroperatortooverseevolunteers.RCACprovidesanunsurpassedexpertiseinwaterre-sourcemanagementgreatcustomerocushighqualityworkandperormanceandgoalorientedresultssaidRomeroLuceroElValleAlliancepresident.RCACalsoprovidedleadershiptrainingandhelpedtheAlliancesecure2.3millioninloansandstateandederalgrants.SomeotheundswereusedtodrattheAlliances40-yearwaterplanandtosecurepreviouslydecreedwaterrights.RCACcontinuestoassisttheAlliancemoveorward.TheAlliancemustensureitcandeliverhighqualityserviceandwatertoitscustomersanddemonstrateitsnancialstewardshipsothatitcanobtainnancingorcapitalreplacementandsystemexpansion.TodaytheAllianceprovidesjobsorthreeregularemployeesonewateroperatorandtwoocesta.Thesystemisasustainableregionaloperationthatcomplieswithlocalstateandederaldrinkingwaterregulationsandmaintainsecientwaterandwastewatersystemsorthecommunitiesitserves.EnvironmentalRCACAnnualReport2013
Itiseasytoseethestrongandpositiveimpactthehospitalrenovationandexpansionhashadonthecommunity.TomMaherBCHCEO
BOULDERCITYHOSPITALBOULDERCITYHOSPITALexpansionprovidesmuchneededservicesforanagingpopulationBoulderCityNevadapopulation15023hassueredduringthepastdecadeduetopooreconomicconditions.Thecommunitysunemploymentratejumpedrom5percentinJanuary2008to10percentinDecember2012.Highunemploymentorcedmanyyoungerresidentstoleavethearea.Asaresulttodaynearly30percentothecitysresidentsareage65orolderandthereisagreaterneedormedicalservicesdirectedtotheelderly.RCACandtwoCommunityDevelopmentFinancialInstitutionpartnersmadea16.3millionconstructionloantoBoulderCityHospitalBCHtoremodelitsex-istingacilityaddspacereopenitssurgicalprogramandprovidetwonewinpatientservicesgeriatricbehavioralmedicineandacuterehabilitation.Itiseasytoseethestrongandpositiveimpactthehospitalrenovationandexpansionhashadonthecommunity.OurconstituentsknowthatwesavedjobsaddedjobsandmostimportantlyincreasedaccesstohighqualityhealthcarenotonlytoBoulderCitybuttosouthernNevadasaidTomMaherBCHschieexecutiveofcer.AccordingtoanAmericanHospitalAssociationreportruralhospitalslackadequateaccesstocapitalandthatlackoaccessaectstheirabilitytomodernizeacilitiesandacquirenewtechnologies.BoulderCityHospitalsagingacilitywasclearlyhamperingitsabilitytoprovidequalitycare.TodayPhaseIremodeliscompleteandconstructiononadditionalspacePhaseIIwillbecompletedbyDecember.Oncecompletethemodernizedacilitywillbetwiceitsoriginalsizegenerate100newjobsandmeettheneedso27000elderlypatients.RCACwillalsobepartothepermanentnancingorthehospitalprovidinglocalleverageoraRuralDevelopmentcom-munityacilitiesloan.LoanFundRCACAnnualReport2013
RCACssupporthasbeeninvaluableinoursubdivisiondevelopmentprogram.ClaudiaShaySHHCHexecutivedirector
SELF-HELPHOUSINGCORPORATIONOFHAWAIISELF-HELPHOUSINGCORPORATIONOFHAWAIIprovidinglow-incomehousingformorethan30yearsInHawaiitheaveragesalespriceorasingleamilyhomeismorethan600000.Withanincomeolessthan53000low-incomeamiliessingleparentsnativeHawaiianamiliesandHawaiisworkorceareshutoutoconventionalhomeownership.TomakemattersworseHawaiiscostolivingis30percenthigherthanonthemainlandU.S.whichmakesitextremelydifcultorlow-incomeamiliestosaveormortgagedownpayments.Since1984Sel-HelpHousingCorporationoHawaiiSHHCHhasprovidedtechnicalassistanceand-nancialcounselingthroughtheU.S.DepartmentoAgricultureUSDARuralDevelopmentMutualSel-HelpHousingProgramtoaddressHawaiisaordablehousingshortage.Duringthepast30yearsSHHCHhascompleted46projectsinwhichmorethan600low-incomeamiliesacrossHawaiihavebuilttheirownhomesunderthisUSDAprogram.SHHCHisoneotheoldestUSDAsel-helpgrantees.RCACprovidestechnicalsupporttoSHHCHonederalregulationscorporateaccountingbookkeepingproce-duresandUSDARuralDevelopmentproposaldevelop-mentandreporting.RCACstaalsoworkscloselywithRuralDevelopmentandSHHCHtoimprovecommuni-cationandprogramcoordination.Inadditiontosel-helptechnicalassistanceRCACsLoanFundhasprovidedSHHCHwithmorethan9.7millionoloanstoacquirelotsandcompletesitedevel-opment.RCACloanstoSHHCHinthepastseveralyearshaveprovidednancingtoacquireanddevelop164sel-helphousinglots.RCACssupporthasbeeninvaluableinoursubdivisiondevelopmentprogramsaidClaudiaShaySHHCHsexecutivedirector.HousingCommunityRCACAnnualReport2013
TheollowingisasummaryoinormationcontainedinRCACsannualfnancialstatements.Completefnancialstatementswiththeassociatedindependentauditorsreportareavailableatwww.rcac.org.CONDENSEDBALANCESHEETSASOFSEPTEMBER3020132012ASSETScashandinvestments45859964loansreceivablenet49457547549otherreceivables8599988otherassets7456765fxedassets69779totalassets7940272681020262LIABILITIESANDNETASSETSaccountspayableaccruedliabilities668855995grantspayable5579548notesandbondspayable47599586696netassets87855965totalliabilitiesandnetassets7940272681020262CONDENSEDSTATEMENTSOFACTIVITYFORTHE12MONTHSENDINGSEPTEMBER3020132012REVENUEgrantsandcontracts44889999467loaneesandinterest7666946investmentincome678other85787796totalrevenue1821616914108898EXPENSESloanund545589486housingandcommunity6678746environmentalservices47468877otherprograms4566478485rentaloperations585498managementandgeneral5488696totalexpenses1407426713169787increasedecreaseinnetassets4141902939111consistingofchangeinunrestrictednetassets654579677changeintemporarilyrestrictednetassets49458545664141902939111FINANCIALINFORMATIONorfscalyears20132012
2013280780555563828217109GeneralunrestrictedBoarddesignatedlendingcapitalTemporarilyrestrictedlendingcapitalTemporarilyrestrictedprogrammoniesNETASSETSasofSeptemberRCACAnnualReport201223936153
SUPPORTERSPRIVATEAccessibleSpaceInc.AllyFinancialBankotheWestBeyondShelterInc.CaliorniaBankTrustCaliorniaUnitedBankCalvertFoundationCare66CatholicHealthInitiativesCharlesSchwabBankCommunityActionPartnershipoNorthwestMontanaCommunityEconomicsInc.DignityHealthDominicanSistersoHopeFordFoundationHousingAssistanceCouncilHousingCaliorniaJohnD.andCatherineT.MacArthurFoundationJPMorganChaseBankN.A.LaPineWaterandSpecialSewerDistrictsMedinaConsultingLLCMercyInvestmentsServicesInc.MerrickBankCorporationMonarchCommunityFundLLCMorganStanleyBankNaKupaaoKuhioNalcoNativeHomeCapitalNavalAirStationLemooreNeighborWorksAmericaOxenordConsultingPacifcRimBankPasoDelNorteHealthFoundationPeshastinWaterDistrictReligiousCommunitiesInvestmentFundInc.RuralCommunityAssistancePartnershipInc.RuralLISCSachsFoundationSistersotheHolyCrossInc.St.JosephHealthSystemStratusConsultingTheCaliorniaEndowmentTheCongregationotheSistersoCharityotheIncarnateWordTheEpiscopalChurchTheFBHeronFoundationTheSistersoSt.FrancisoPhiladelphiaTrinityHealthCorporationUSBankWellsFargoBankWestYostAssociatesU.S.GOVERNMENTU.S.Dept.oAgricultureU.S.Dept.oHealthHumanServicesU.S.Dept.oHousingUrbanDevelopmentU.S.Dept.oLaborU.S.Dept.otheTreasuryCDFIFundU.S.Dept.otheTreasurySBLFU.S.EnvironmentalProtectionAgencySTATELOCALANDTRIBALBigSandyRancheriaBigValleyBandoPomoIndiansCaliorniaCoalitionorRuralHousingCaliorniaDept.oPublicHealthCaliorniaDept.oCommunityServicesandDevelopmentCaliorniaHousingFinanceAgencyCampoBandoMissionIndiansChelanCountyPublicUtilityDistrictColdSpringsRancheriaCountyoHumboldtCountyoSanMateoCountyoSantaBarbaraHousingAuthorityHoplandReservationKashiaBandoPomoIndiansoStewartsPointRancheriaMinnesotaHousingPartnershipNewMexicoMortgageFinanceAuthorityNezPerceTribeNorthDakotaDepartmentoHealthRoundValleyReservationSanPasqualBandoMissionIndiansSouthDakotaBoardoWaterandNaturalResourcesSouthDakotaDept.oEnvironmentandNaturalResourcesSouthDakotaDept.oPlanningandNaturalResourcesStateWaterResourceControlBoardCaliorniaTorresMartinezDesertCahuillaIndiansVirginIslandsDept.oPlanningandNaturalResourcesWashingtonDept.oHealth
WriterAngelaTerryDesignerDustinLoveManagingEditorSharonWills
3120FreeboardDriveSuite201WestSacramentoCA95691Ofce916447-2854Fax916447-2878www.rcac.orgwww.rcac.orgpages758acebook.comrcac.orgtwitter.comRCACorgSubscribetoourfreepublicationsandfollowusonsocialmediaPrintedonpapercontaining30post-consumerbers