Nonprofit · EIN 20-5660521
RCAP SOLUTIONS FINANCIAL SERVICESINC
Also known as KAREN A KOLLER MBR
Tax-exempt · WORCESTER, MA 01602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $308,454 | $199,033 | $109,421 | $16,595,804 | $15,614,371 | $981,433 |
| June 30, 2024 | 990 | $241,664 | $171,020 | $70,644 | $14,776,925 | $13,904,913 | $872,012 |
| June 30, 2023 | 990 | $215,148 | $129,303 | $85,845 | $14,891,250 | $14,089,882 | $801,368 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $35,500
- of which government grants
- $35,500
- Program service revenue
- $266,906
- Investment income
- $1,324
- Other revenue
- $4,724
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,625
- Occupancy
- $31,533
- Travel
- $176
- Program services (functional)
- $146,159
- Management and general (functional)
- $52,874
Balance sheet and other
- Total assets, start of year
- $14,776,925
- Total assets, end of year
- $16,595,804
- Total liabilities, end of year
- $15,614,371
- Net assets, end of year
- $981,433
- Net assets without donor restrictions
- $981,433
- Gross receipts
- $308,454
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2006
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN SCALES | PRESIDENT & CEO/CLERK Trustee or director, Officer | 6 | $0 | $257,745 | $15,270 |
| CARL H ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HENRY NOEL JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY FOX | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOANN MARSILI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JULIE CARROLL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEN REID | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LAURA MCGEE | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SUSAN BACHMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIM GRINHAM | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRACEY WEEDEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN SCALES | PRESIDENT & CEO/CLERK Trustee or director, Officer | 6 | $0 | $225,945 | $14,570 |
| LAURA MCGEE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEN REID | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CARL H ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HENRY NOEL JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JULIE CAROLL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN BACHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM GRINHAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRACEY WEEDEN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN SCALES | PRESIDENT & CEO/CLERK Trustee or director, Officer | 6 | $0 | $199,051 | $12,907 |
| LAURA MCGEE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRACEY WEEDEN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEN REID | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CARL H ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN BACHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JULIE CAROLL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM GRINHAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HENRY NOEL JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 191 MAY ST, WORCESTER, MA 01602-4353
- In care of
- % DONNA R WARSHAW
- Principal officer (990 for 2024)
- BRIAN SCALES, 191 MAY STREET, WORCESTER, MA 01602
- Signed the 990
- BRIAN SCALES, PRESIDENT & CEO
- Phone
- (800) 488-1969
- Website
- WWW.RCAPSOLUTIONS.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO PROMOTE COMMUNITY DEVELOPMENT BY IMPROVING THE SOCIAL AND ECONOMIC CONDITIONS OF UNDER-SERVED PERSONS AND DISTRESSED COMMUNITIES AND TO DEVELOP AND FOSTER SELF-SUFFICIENCY AMONG SUCH PERSONS AND COMMUNITIES. TO IMPROVE THE QUALITY OF LIFE FOR LOW-INCOME FAMILIES AND COMMUNITIES BY PROVIDING AND DEVELOPING EDUCATIONAL PROGRAMS, SERVICES, FINANCIAL AND TECHNICAL ASSISTANCE INCLUDING LOANS AND GRANTS FOR HOUSING, PROTECTION OF THE ENVIRONMENT, HUMAN SERVICES AND COMMUNITY DEVELOPMENT INCLUDING SEWER AND WATER PROJECTS.
Program accomplishments
- TO PROVIDE LOANS FOR INDIVIDUALS AND FAMILIES FOR HOME REPAIR AND FOR HELPING DISABLED FAMILIES AND SMALL BUSINESSES.Expenses $146,159 · revenue $271,630
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5660521
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,595,804
- Income (IRS master file)
- $308,454
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $308,454 | $199,033 | $16,595,804 | IRS |
| 990 | June 2024 | $241,664 | $171,020 | $14,776,925 | IRS |
| 990 | June 2023 | $215,148 | $129,303 | $14,891,250 | XML |
| 990 | June 2022 | $150,052 | $122,534 | $13,741,762 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5660521).
Questions about RCAP SOLUTIONS FINANCIAL SERVICESINC
- What is the EIN of RCAP SOLUTIONS FINANCIAL SERVICESINC?
- The employer identification number (EIN) of RCAP SOLUTIONS FINANCIAL SERVICESINC is 20-5660521.
- Is RCAP SOLUTIONS FINANCIAL SERVICESINC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to RCAP SOLUTIONS FINANCIAL SERVICESINC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does RCAP SOLUTIONS FINANCIAL SERVICESINC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RCAP SOLUTIONS FINANCIAL SERVICESINC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RCAP SOLUTIONS FINANCIAL SERVICESINC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RCAP SOLUTIONS FINANCIAL SERVICESINC?
- The 990 for the year ended June 30, 2025 names BRIAN SCALES.
- Who are the officers and directors of RCAP SOLUTIONS FINANCIAL SERVICESINC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does RCAP SOLUTIONS FINANCIAL SERVICESINC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $308,454, expenses of $199,033 and total assets of $16,595,804 at year end.
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