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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Rcap Solutions Financial Services Inc.

Rcap Solutions Financial Services Inc.

Fiscal year ending 2022. Filed on April 12, 2023.

191 May Street
Worcester, Massachusetts 01602

Rcap Solutions Financial Services Inc. (EIN: 20-5660521) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2022 IRS Form 990 filing, Rcap Solutions Financial Services Inc., a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $235,222. The highest compensated employee at Rcap Solutions Financial Services Inc. is Karen Koller with fiscal year 2022 compensation of $303,621.

Revenue, expenses, and employee compensation

Revenue

$150,052

Expenses

$122,534

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Karen Koller
President and Chief Executive Officer
$303,621
$0 $288,400 $15,221
Brian Scales
Interim President and Chief Executive Officer
$166,822
$0 $157,644 $9,178

Benchmark Employee Compensation

Non-Employee Board Members

Carl H Allen
Director
Julie Caroll
Director
Ken Reid
Treasurer
Laura McGee
Chair
Susan Bachman
Director
Tim Grinham
Director
Timothy Morse Jr
Vice Chair
Tracey Weeden
Director

Contractors

Craig Lamica
Construction
$194,738

Mission Statement

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.

Revisions to this organization profile

May 9, 2024:
2023 Rcap Solutions Financial Services Inc. 990 filed
April 12, 2023:
2022 Rcap Solutions Financial Services Inc. 990 filed
May 16, 2022:
2021 Rcap Solutions Financial Services Inc. 990 filed

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