Mission
PROVIDES AFFORDABLE HOUSING FOR INDIVIDUALS, FAMILIES, AND HANDICAPPED INDIVIDUALS
Public Charity
RASA II ECONOMIC DEVELOPMENT CORPORATION
RASA II ECONOMIC DEVELOPMENT CORPORATION is a Public Charity headquartered in Colorado Springs, CO. Financial data from the 2025 filing: $1.0M revenue, $814K expenses, $2.5M total assets.
EIN: 311806577
Colorado Springs, CO
Crime Prevention
NTEE: I20
Latest filing: 2025
Total Revenue$1.0M
Total Expenses$814K
Total Assets$2.5M
Grant Records0
Filing Years2021–2025
Where $100 goes at Rasa II Economic Development Corporation
How Rasa II Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$93
Programs
the work itself
$7
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $93 for programs
$93
Provides affordable housing to individual familiies, and handicapped individuals by owning and operating 72 rental housing units
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Secretary
Cheryl V Franklin
President
Leslie R White
Treasurer
Walter Porter
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.0M | $814K | $2.5M |
| 2024 | $897K | $894K | $2.3M |
| 2023 | $936K | $744K | $2.4M |
| 2022 | $877K | $729K | $2.3M |
| 2021 | $825K | $659K | $2.1M |
Between 2021 and 2025, reported annual revenue grew from $825K to $1.0M (+25%), with total assets most recently reported at $2.5M.
Interactive year-over-year charts and full filing details available with membership.