<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2021v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2022-09-12T11:51:32-04:00</ReturnTs>
    <TaxPeriodEndDt>2022-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>870492866</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>HINTONBURDICK PLLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>63 SOUTH 300 EAST STE 100</AddressLine1Txt>
        <CityNm>ST GEORGE</CityNm>
        <StateAbbreviationCd>UT</StateAbbreviationCd>
        <ZIPCd>847702948</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990</ReturnTypeCd>
    <TaxPeriodBeginDt>2021-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>880280033</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>RURAL NEVADA DEVELOPMENT</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>CORPORATION</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>RURA</BusinessNameControlTxt>
      <PhoneNum>7752898519</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1320 EAST AULTMAN STREET</AddressLine1Txt>
        <CityNm>ELY</CityNm>
        <StateAbbreviationCd>NV</StateAbbreviationCd>
        <ZIPCd>89301</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MARY KERNER</PersonNm>
      <PersonTitleTxt>CEO</PersonTitleTxt>
      <PhoneNum>7752898519</PhoneNum>
      <SignatureDt>2022-09-06</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>MARY</PersonFirstNm>
        <PersonLastNm>KERNER</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>STEVEN PALMER CPA</PreparerPersonNm>
      <PTIN>P00367867</PTIN>
      <PhoneNum>4356283663</PhoneNum>
      <PreparationDt>2022-09-08</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2021</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="5">
    <IRS990 documentId="RetDoc3" referenceDocumentId="RetDoc5">
      <PrincipalOfficerNm>MARY KERNER</PrincipalOfficerNm>
      <USAddress>
        <AddressLine1Txt>SAME AS C ABOVE</AddressLine1Txt>
        <CityNm>ELY</CityNm>
        <StateAbbreviationCd>NV</StateAbbreviationCd>
        <ZIPCd>89301</ZIPCd>
      </USAddress>
      <GrossReceiptsAmt>5521868</GrossReceiptsAmt>
      <GroupReturnForAffiliatesInd>false</GroupReturnForAffiliatesInd>
      <Organization501c3Ind>X</Organization501c3Ind>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <FormationYr>1992</FormationYr>
      <LegalDomicileStateCd>NV</LegalDomicileStateCd>
      <ActivityOrMissionDesc>ECONOMIC DEVELOPMENT SERVICES</ActivityOrMissionDesc>
      <VotingMembersGoverningBodyCnt>8</VotingMembersGoverningBodyCnt>
      <VotingMembersIndependentCnt>8</VotingMembersIndependentCnt>
      <TotalEmployeeCnt>13</TotalEmployeeCnt>
      <TotalVolunteersCnt>9</TotalVolunteersCnt>
      <TotalGrossUBIAmt>0</TotalGrossUBIAmt>
      <PYContributionsGrantsAmt>10317851</PYContributionsGrantsAmt>
      <CYContributionsGrantsAmt>4480822</CYContributionsGrantsAmt>
      <PYProgramServiceRevenueAmt>416466</PYProgramServiceRevenueAmt>
      <CYProgramServiceRevenueAmt>328563</CYProgramServiceRevenueAmt>
      <PYInvestmentIncomeAmt>549012</PYInvestmentIncomeAmt>
      <CYInvestmentIncomeAmt>712483</CYInvestmentIncomeAmt>
      <CYOtherRevenueAmt>0</CYOtherRevenueAmt>
      <PYTotalRevenueAmt>11283329</PYTotalRevenueAmt>
      <CYTotalRevenueAmt>5521868</CYTotalRevenueAmt>
      <CYGrantsAndSimilarPaidAmt>0</CYGrantsAndSimilarPaidAmt>
      <CYBenefitsPaidToMembersAmt>0</CYBenefitsPaidToMembersAmt>
      <PYSalariesCompEmpBnftPaidAmt>678168</PYSalariesCompEmpBnftPaidAmt>
      <CYSalariesCompEmpBnftPaidAmt>659107</CYSalariesCompEmpBnftPaidAmt>
      <CYTotalProfFndrsngExpnsAmt>0</CYTotalProfFndrsngExpnsAmt>
      <CYTotalFundraisingExpenseAmt>0</CYTotalFundraisingExpenseAmt>
      <PYOtherExpensesAmt>1419714</PYOtherExpensesAmt>
      <CYOtherExpensesAmt>1357003</CYOtherExpensesAmt>
      <PYTotalExpensesAmt>2097882</PYTotalExpensesAmt>
      <CYTotalExpensesAmt>2016110</CYTotalExpensesAmt>
      <PYRevenuesLessExpensesAmt>9185447</PYRevenuesLessExpensesAmt>
      <CYRevenuesLessExpensesAmt>3505758</CYRevenuesLessExpensesAmt>
      <TotalAssetsBOYAmt>21547293</TotalAssetsBOYAmt>
      <TotalAssetsEOYAmt>25484515</TotalAssetsEOYAmt>
      <TotalLiabilitiesBOYAmt>10908474</TotalLiabilitiesBOYAmt>
      <TotalLiabilitiesEOYAmt>11533388</TotalLiabilitiesEOYAmt>
      <NetAssetsOrFundBalancesBOYAmt>10638819</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>13951127</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <MissionDesc>RURAL NEVADA DEVELOPMENT CORPORATION (RNDC) IS A 501(C) 3 NON-PROFIT DEVELOPMENT CORPORATION FORMED IN JANUARY 1992 TO SERVE THE FIFTEEN (15) RURAL COUNTIES, RURAL CLARK AND WASHOE COUNTIES, AND THE TWENTY-SEVEN (27) NATIVE AMERICAN TRIBES OF NEVADA. RNDC HAS BEEN RESPONSIVE TO THE NEEDS OF RURAL COMMUNITIES BY ADDRESSING CRITICAL ISSUES SUCH AS AFFORDABLE HOUSING, DOWN PAYMENT ASSISTANCE, HOMEOWNER REHABILITATION AND SMALL BUSINESS ALTERNATIVE LENDING PRACTICES AND HAS RECEIVED CERTIFICATION FROM THE DEPARTMENT OF TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). ITS ABILITY TO LEVERAGE INVOLVEMENT STATEWIDE FROM PUBLIC AND PRIVATE SOURCES HAS BEEN SUCCESSFUL. IN 1999, RNDC BUSINESS-LENDING PROGRAM WON A BEST PRACTICE AWARD FROM HUD FOR ITS CREATIVITY IN ADDRESSING A PROBLEM AND EFFECTIVELY LEVERAGING RESOURCES.</MissionDesc>
      <SignificantNewProgramSrvcInd>false</SignificantNewProgramSrvcInd>
      <SignificantChangeInd>false</SignificantChangeInd>
      <ExpenseAmt>319525</ExpenseAmt>
      <RevenueAmt>180479</RevenueAmt>
      <Desc>HOUSING REHAB &amp; DEVELOPMENT - PROVIDED FUNDING FOR REHAB TO LOW INCOME HOMEOWNERS AS DETERMINED BY DEPARTMENT OF AGRICULTURE &amp; HUD.</Desc>
      <ProgSrvcAccomActy2Grp>
        <ExpenseAmt>758389</ExpenseAmt>
        <Desc>THE INTERMEDIARY RELENDING PROGRAM PROVIDED LOANS TO RURAL BUSINESSES WHO HAVE NOT BEEN ABLE TO OBTAIN LOANS FROM COMMERCIAL LENDERS.</Desc>
      </ProgSrvcAccomActy2Grp>
      <ProgSrvcAccomActy3Grp>
        <ExpenseAmt>462599</ExpenseAmt>
        <Desc>HOUSING WEATHERIZATION</Desc>
      </ProgSrvcAccomActy3Grp>
      <ProgSrvcAccomActyOtherGrp>
        <ExpenseAmt>247708</ExpenseAmt>
        <RevenueAmt>148084</RevenueAmt>
        <Desc>OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.</Desc>
      </ProgSrvcAccomActyOtherGrp>
      <TotalOtherProgSrvcExpenseAmt>247708</TotalOtherProgSrvcExpenseAmt>
      <TotalOtherProgSrvcRevenueAmt>148084</TotalOtherProgSrvcRevenueAmt>
      <TotalProgramServiceExpensesAmt>1788221</TotalProgramServiceExpensesAmt>
      <DescribedInSection501c3Ind referenceDocumentId="RetDoc6">true</DescribedInSection501c3Ind>
      <ScheduleBRequiredInd referenceDocumentId="RetDoc1">true</ScheduleBRequiredInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <DonorAdvisedFundInd referenceDocumentId="RetDoc4">false</DonorAdvisedFundInd>
      <ConservationEasementsInd referenceDocumentId="RetDoc4">false</ConservationEasementsInd>
      <CollectionsOfArtInd referenceDocumentId="RetDoc4">false</CollectionsOfArtInd>
      <CreditCounselingInd referenceDocumentId="RetDoc4">false</CreditCounselingInd>
      <DonorRstrOrQuasiEndowmentsInd referenceDocumentId="RetDoc4">false</DonorRstrOrQuasiEndowmentsInd>
      <ReportLandBuildingEquipmentInd referenceDocumentId="RetDoc4">true</ReportLandBuildingEquipmentInd>
      <ReportInvestmentsOtherSecInd referenceDocumentId="RetDoc4">false</ReportInvestmentsOtherSecInd>
      <ReportProgramRelatedInvstInd referenceDocumentId="RetDoc4">false</ReportProgramRelatedInvstInd>
      <ReportOtherAssetsInd referenceDocumentId="RetDoc4">true</ReportOtherAssetsInd>
      <ReportOtherLiabilitiesInd referenceDocumentId="RetDoc4">true</ReportOtherLiabilitiesInd>
      <IncludeFIN48FootnoteInd referenceDocumentId="RetDoc4">false</IncludeFIN48FootnoteInd>
      <IndependentAuditFinclStmtInd referenceDocumentId="RetDoc4">true</IndependentAuditFinclStmtInd>
      <ConsolidatedAuditFinclStmtInd referenceDocumentId="RetDoc4">false</ConsolidatedAuditFinclStmtInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <ForeignActivitiesInd>false</ForeignActivitiesInd>
      <MoreThan5000KToOrgInd>false</MoreThan5000KToOrgInd>
      <MoreThan5000KToIndividualsInd>false</MoreThan5000KToIndividualsInd>
      <ProfessionalFundraisingInd>false</ProfessionalFundraisingInd>
      <FundraisingActivitiesInd>false</FundraisingActivitiesInd>
      <GamingActivitiesInd>false</GamingActivitiesInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
      <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
      <ScheduleJRequiredInd>false</ScheduleJRequiredInd>
      <TaxExemptBondsInd>false</TaxExemptBondsInd>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <PYExcessBenefitTransInd>false</PYExcessBenefitTransInd>
      <LoanOutstandingInd>false</LoanOutstandingInd>
      <GrantToRelatedPersonInd>false</GrantToRelatedPersonInd>
      <BusinessRlnWithOrgMemInd>false</BusinessRlnWithOrgMemInd>
      <BusinessRlnWithFamMemInd>false</BusinessRlnWithFamMemInd>
      <BusinessRlnWith35CtrlEntInd>false</BusinessRlnWith35CtrlEntInd>
      <DeductibleNonCashContriInd>false</DeductibleNonCashContriInd>
      <DeductibleArtContributionInd>false</DeductibleArtContributionInd>
      <TerminateOperationsInd>false</TerminateOperationsInd>
      <PartialLiquidationInd>false</PartialLiquidationInd>
      <DisregardedEntityInd>false</DisregardedEntityInd>
      <RelatedEntityInd>false</RelatedEntityInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>false</TrnsfrExmptNonChrtblRltdOrgInd>
      <ActivitiesConductedPrtshpInd>false</ActivitiesConductedPrtshpInd>
      <ScheduleORequiredInd>true</ScheduleORequiredInd>
      <IRPDocumentCnt>15</IRPDocumentCnt>
      <IRPDocumentW2GCnt>0</IRPDocumentW2GCnt>
      <EmployeeCnt>13</EmployeeCnt>
      <EmploymentTaxReturnsFiledInd>false</EmploymentTaxReturnsFiledInd>
      <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <TaxablePartyNotificationInd>false</TaxablePartyNotificationInd>
      <NondeductibleContributionsInd>false</NondeductibleContributionsInd>
      <IndoorTanningServicesInd>false</IndoorTanningServicesInd>
      <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      <SubjectToExcsTaxNetInvstIncInd>false</SubjectToExcsTaxNetInvstIncInd>
      <InfoInScheduleOPartVIInd>X</InfoInScheduleOPartVIInd>
      <GoverningBodyVotingMembersCnt>8</GoverningBodyVotingMembersCnt>
      <IndependentVotingMemberCnt>8</IndependentVotingMemberCnt>
      <FamilyOrBusinessRlnInd>false</FamilyOrBusinessRlnInd>
      <DelegationOfMgmtDutiesInd>false</DelegationOfMgmtDutiesInd>
      <ChangeToOrgDocumentsInd>false</ChangeToOrgDocumentsInd>
      <MaterialDiversionOrMisuseInd>false</MaterialDiversionOrMisuseInd>
      <MembersOrStockholdersInd>false</MembersOrStockholdersInd>
      <ElectionOfBoardMembersInd>false</ElectionOfBoardMembersInd>
      <DecisionsSubjectToApprovaInd>false</DecisionsSubjectToApprovaInd>
      <MinutesOfGoverningBodyInd>true</MinutesOfGoverningBodyInd>
      <MinutesOfCommitteesInd>true</MinutesOfCommitteesInd>
      <OfficerMailingAddressInd>false</OfficerMailingAddressInd>
      <LocalChaptersInd>false</LocalChaptersInd>
      <Form990ProvidedToGvrnBodyInd>true</Form990ProvidedToGvrnBodyInd>
      <ConflictOfInterestPolicyInd>false</ConflictOfInterestPolicyInd>
      <WhistleblowerPolicyInd>false</WhistleblowerPolicyInd>
      <DocumentRetentionPolicyInd>false</DocumentRetentionPolicyInd>
      <CompensationProcessCEOInd>false</CompensationProcessCEOInd>
      <CompensationProcessOtherInd>false</CompensationProcessOtherInd>
      <InvestmentInJointVentureInd>false</InvestmentInJointVentureInd>
      <UponRequestInd>X</UponRequestInd>
      <BooksInCareOfDetail>
        <PersonNm>MARY KERNER CEO</PersonNm>
        <PhoneNum>7752898519</PhoneNum>
        <USAddress>
          <AddressLine1Txt>1320 EAST AULTMAN STREET</AddressLine1Txt>
          <CityNm>ELY</CityNm>
          <StateAbbreviationCd>NV</StateAbbreviationCd>
          <ZIPCd>89301</ZIPCd>
        </USAddress>
      </BooksInCareOfDetail>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARY KERNER</PersonNm>
        <TitleTxt>CEO</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>133934</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>11484</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JERRY MARTIN</PersonNm>
        <TitleTxt>CHAIR</TitleTxt>
        <AverageHoursPerWeekRt>5.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>TRISH RIPPIE</PersonNm>
        <TitleTxt>1ST VICE CHA</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JONI EASTLEY</PersonNm>
        <TitleTxt>2ND VICE CHA</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>KENNA ALMBERG</PersonNm>
        <TitleTxt>SEC./TREAS</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DANNY BENSON</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>RACHEL DAHL</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>KATHY HALBARDIER</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JAMES UTTERBACK</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>133934</TotalReportableCompFromOrgAmt>
      <TotalOtherCompensationAmt>11484</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>1</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>false</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>false</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>false</CompensationFromOtherSrcsInd>
      <GovernmentGrantsAmt>3171737</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>1309085</AllOtherContributionsAmt>
      <TotalContributionsAmt>4480822</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>FEES</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>180479</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>180479</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>MULTI-FAMILY HOUSING</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>148084</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>148084</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>328563</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>712483</TotalRevenueColumnAmt>
        <ExclusionAmt>712483</ExclusionAmt>
      </InvestmentIncomeGrp>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>5521868</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>328563</RelatedOrExemptFuncIncomeAmt>
        <ExclusionAmt>712483</ExclusionAmt>
      </TotalRevenueGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>155743</TotalAmt>
        <ProgramServicesAmt>127334</ProgramServicesAmt>
        <ManagementAndGeneralAmt>28409</ManagementAndGeneralAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>400374</TotalAmt>
        <ProgramServicesAmt>332305</ProgramServicesAmt>
        <ManagementAndGeneralAmt>68069</ManagementAndGeneralAmt>
      </OtherSalariesAndWagesGrp>
      <PensionPlanContributionsGrp>
        <TotalAmt>10464</TotalAmt>
        <ProgramServicesAmt>8670</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1794</ManagementAndGeneralAmt>
      </PensionPlanContributionsGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>55352</TotalAmt>
        <ProgramServicesAmt>45852</ProgramServicesAmt>
        <ManagementAndGeneralAmt>9500</ManagementAndGeneralAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>37174</TotalAmt>
        <ProgramServicesAmt>30732</ProgramServicesAmt>
        <ManagementAndGeneralAmt>6442</ManagementAndGeneralAmt>
      </PayrollTaxesGrp>
      <FeesForServicesManagementGrp>
        <TotalAmt>29376</TotalAmt>
        <ProgramServicesAmt>29376</ProgramServicesAmt>
      </FeesForServicesManagementGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>4989</TotalAmt>
        <ProgramServicesAmt>4989</ProgramServicesAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>30400</TotalAmt>
        <ProgramServicesAmt>17269</ProgramServicesAmt>
        <ManagementAndGeneralAmt>13131</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>141717</TotalAmt>
        <ProgramServicesAmt>141717</ProgramServicesAmt>
      </FeesForServicesOtherGrp>
      <AdvertisingGrp>
        <TotalAmt>148633</TotalAmt>
        <ProgramServicesAmt>145356</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3277</ManagementAndGeneralAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>11637</TotalAmt>
        <ProgramServicesAmt>6229</ProgramServicesAmt>
        <ManagementAndGeneralAmt>5408</ManagementAndGeneralAmt>
      </OfficeExpensesGrp>
      <OccupancyGrp>
        <TotalAmt>2618</TotalAmt>
        <ProgramServicesAmt>2400</ProgramServicesAmt>
        <ManagementAndGeneralAmt>218</ManagementAndGeneralAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>5225</TotalAmt>
        <ProgramServicesAmt>3471</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1754</ManagementAndGeneralAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>151386</TotalAmt>
        <ProgramServicesAmt>151386</ProgramServicesAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>80964</TotalAmt>
        <ProgramServicesAmt>54223</ProgramServicesAmt>
        <ManagementAndGeneralAmt>26741</ManagementAndGeneralAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>40089</TotalAmt>
        <ProgramServicesAmt>18468</ProgramServicesAmt>
        <ManagementAndGeneralAmt>21621</ManagementAndGeneralAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>CONSTRUCTION</Desc>
        <TotalAmt>583459</TotalAmt>
        <ProgramServicesAmt>582585</ProgramServicesAmt>
        <ManagementAndGeneralAmt>874</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>REPAIRS AND MAINTENANCE</Desc>
        <TotalAmt>42859</TotalAmt>
        <ProgramServicesAmt>39530</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3329</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>UTILITIES</Desc>
        <TotalAmt>29097</TotalAmt>
        <ProgramServicesAmt>23225</ProgramServicesAmt>
        <ManagementAndGeneralAmt>5872</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>OTHER</Desc>
        <TotalAmt>25784</TotalAmt>
        <ProgramServicesAmt>1430</ProgramServicesAmt>
        <ManagementAndGeneralAmt>24354</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>28770</TotalAmt>
        <ProgramServicesAmt>21674</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7096</ManagementAndGeneralAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>2016110</TotalAmt>
        <ProgramServicesAmt>1788221</ProgramServicesAmt>
        <ManagementAndGeneralAmt>227889</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>467706</BOYAmt>
        <EOYAmt>476980</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>3917498</BOYAmt>
        <EOYAmt>5200717</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>218036</BOYAmt>
        <EOYAmt>248860</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>363</BOYAmt>
        <EOYAmt>31855</EOYAmt>
      </AccountsReceivableGrp>
      <OthNotesLoansReceivableNetGrp>
        <BOYAmt>14388319</BOYAmt>
        <EOYAmt>16958443</EOYAmt>
      </OthNotesLoansReceivableNetGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>1557</BOYAmt>
        <EOYAmt>5558</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>609032</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>247035</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>277796</BOYAmt>
        <EOYAmt>361997</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>2276018</BOYAmt>
        <EOYAmt>2200105</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>21547293</BOYAmt>
        <EOYAmt>25484515</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>9918</BOYAmt>
        <EOYAmt>85761</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <BOYAmt>5188</BOYAmt>
        <EOYAmt>23334</EOYAmt>
      </DeferredRevenueGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>10845492</BOYAmt>
        <EOYAmt>11371593</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>47876</BOYAmt>
        <EOYAmt>52700</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>10908474</BOYAmt>
        <EOYAmt>11533388</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>651211</BOYAmt>
        <EOYAmt>736075</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <BOYAmt>9987608</BOYAmt>
        <EOYAmt>13215052</EOYAmt>
      </DonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>10638819</BOYAmt>
        <EOYAmt>13951127</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>21547293</BOYAmt>
        <EOYAmt>25484515</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>3505758</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>-193450</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>true</FederalGrantAuditRequiredInd>
      <FederalGrantAuditPerformedInd>true</FederalGrantAuditPerformedInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc6">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>1712334</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>620086</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>776721</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>10317851</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>4480822</CurrentTaxYearAmt>
        <TotalAmt>17907814</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>1712334</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>620086</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>776721</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>10317851</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>4480822</CurrentTaxYearAmt>
        <TotalAmt>17907814</TotalAmt>
      </TotalCalendarYear170Grp>
      <PublicSupportTotal170Amt>17907814</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus4YearsAmt>447460</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>454502</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>472102</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>549012</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>712483</CurrentTaxYearAmt>
        <TotalAmt>2635559</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <TotalSupportAmt>20543373</TotalSupportAmt>
      <GrossReceiptsRltdActivitiesAmt>3871405</GrossReceiptsRltdActivitiesAmt>
      <PublicSupportCY170Pct>0.87170</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>0.86150</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc4">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>55328</OtherCostOrOtherBasisAmt>
        <BookValueAmt>55328</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>467978</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>119703</DepreciationAmt>
        <BookValueAmt>348275</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>141054</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>127332</DepreciationAmt>
        <BookValueAmt>13722</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>417325</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>MULTI-FAMILY HOUSING</Desc>
        <BookValueAmt>2200105</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>2200105</TotalBookValueOtherAssetsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>INTEREST PAYABLE</Desc>
        <Amt>44449</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>SECURITY DEPOSITS</Desc>
        <Amt>4200</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>COMPENSATED ABSENCES PAYABLE</Desc>
        <Amt>4051</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>52700</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>5521868</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>5521868</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>5521868</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>2209560</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>2209560</ExpensesSubtotalAmt>
      <OtherExpensesNotIncludedAmt>-193450</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>-193450</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>2016110</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A -193,450</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>RURAL NEVADA DEVELOPMENT CORPORATION (RNDC) IS A 501(C) 3 NON-PROFIT DEVELOPMENT CORPORATION FORMED IN JANUARY 1992 TO SERVE THE FIFTEEN (15) RURAL COUNTIES, RURAL CLARK AND WASHOE COUNTIES, AND THE TWENTY-SEVEN (27) NATIVE AMERICAN TRIBES OF NEVADA. RNDC HAS BEEN RESPONSIVE TO THE NEEDS OF RURAL COMMUNITIES BY ADDRESSING CRITICAL ISSUES SUCH AS AFFORDABLE HOUSING, DOWN PAYMENT ASSISTANCE, HOMEOWNER REHABILITATION AND SMALL BUSINESS ALTERNATIVE LENDING PRACTICES AND HAS RECEIVED CERTIFICATION FROM THE DEPARTMENT OF TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). ITS ABILITY TO LEVERAGE INVOLVEMENT STATEWIDE FROM PUBLIC AND PRIVATE SOURCES HAS BEEN SUCCESSFUL. IN 1999, RNDC BUSINESS-LENDING PROGRAM WON A BEST PRACTICE AWARD FROM HUD FOR ITS CREATIVITY IN ADDRESSING A PROBLEM AND EFFECTIVELY LEVERAGING RESOURCES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>OTHER PROGRAM SERVICES - MULTI-FAMILY HOUSING INITIATIVE TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME TENANTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>COPY WAS PROVIDED TO GOVERNING BODY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE COROPORATE OFFICES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>RECOVERY OF BAD DEBT EXP, PART VIII, LN 2A -193,450</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
