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← CONORTH

Form 990 for tax year 2022

Filed by CONORTH.

Totals

Total revenue
$1,296,885
Total expenses
$1,103,982
Contributions and grants received
$957,878
Grants paid
$0
Program service revenue
$339,007
Investment income
$0
Other revenue
$0
Total assets, end of year
$661,561
Total liabilities, end of year
$148,260
Net assets or fund balances, end of year
$513,301
Program services expenses (Part IX)
$846,537
Management and general expenses
$186,933
Fundraising expenses
$70,512
Program service expenses (Part III)
$846,537

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $545,381

  • 1f · All other contributions, gifts and grants

    $412,497

  • 2a · Program service revenue: PROJECT MANAGEMENT CONTRACTS

    total $194,676 · related or exempt $194,676

  • 2b · Program service revenue: LOAN SERVICING FEE

    total $98,249 · related or exempt $98,249

  • 2c · Program service revenue: OTHER INCOME

    total $46,082 · related or exempt $46,082

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $96,897 · program services $74,301 · management and general $17,693 · fundraising $4,903

  • 7 · Other salaries and wages

    total $356,801 · program services $241,019 · management and general $79,625 · fundraising $36,157

  • 9 · Other employee benefits

    total $10,691 · program services $7,430 · management and general $2,293 · fundraising $968

  • 10 · Payroll taxes

    total $40,244 · program services $27,970 · management and general $8,632 · fundraising $3,642

  • 11c · Fees: accounting

    total $7,980 · management and general $7,980

  • 12 · Advertising and promotion

    total $15,286 · program services $11,959 · management and general $3,006 · fundraising $321

  • 13 · Office expenses

    total $11,261 · program services $2,406 · management and general $8,402 · fundraising $453

  • 14 · Information technology

    total $158 · management and general $158

  • 16 · Occupancy

    total $23,571 · program services $16,382 · management and general $5,056 · fundraising $2,133

  • 17 · Travel

    total $12,078 · program services $10,831 · management and general $1,247

  • 19 · Conferences, conventions and meetings

    total $13,188 · program services $9,985 · management and general $3,033 · fundraising $170

  • 20 · Interest

    total $2,062 · program services $1,947 · management and general $115

  • 23 · Insurance

    total $3,875 · program services $294 · management and general $3,543 · fundraising $38

  • 24a · Other expenses: PRE-DEVELOPMENT EXPENSES

    total $305,731 · program services $305,731

  • 24b · Other expenses: CONTRACT SERVICES

    total $177,854 · program services $119,401 · management and general $38,283 · fundraising $20,170

  • 24c · Other expenses: REPAIRS - SURPLUS HOMES

    total $17,680 · program services $16,451 · management and general $1,229

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,416 · program services $330 · management and general $3,667 · fundraising $1,419

  • 24e · All other expenses

    total $3,209 · program services $100 · management and general $2,971 · fundraising $138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $239,457 · end of year $269,195

  • 4 · Accounts receivable

    beginning of year $155,530 · end of year $250,505

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,516 · end of year $64,306

  • 15 · Other assets

    beginning of year $69,934 · end of year $77,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,895 · end of year $54,570

  • 23 · Secured mortgages and notes payable

    beginning of year $107,144 · end of year $46,190

  • 25 · Other liabilities

    end of year $47,500

  • 27 · Net assets without donor restrictions

    beginning of year $220,398 · end of year $270,954

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $242,347

Mission and programs · 2022

Mission

NCF'S MISSION IS TO "TRANSFORM LIVES AND COMMUNITIES THROUGH COOPERATIVE ENTERPRISE." WE CARRY OUT THIS MISSION BY PROVIDING TECHNICAL ASSISTANCE AND COOPERATIVE EDUCATION TO COOPERATIVE ORGANIZATIONS. FROM OUR INCEPTION, WE HAVE BEEN INNOVATIVE AND ENTREPRENEURIAL, SEEKING OUT CREATIVE, SOCIALLY ORGANIZED APPROACHES TO CHALLENGING PROBLEMS.

  • WORKED DIRECTLY WITH COMMUNITY GROUPS TO BUILD AND PRESERVE AFFORDABLE, COOPERATIVE HOUSING BOTH IN AN URBAN AND RURAL SETTING; CONDUCTED RESEARCH THAT SUPPORTS THE CONVERSION AND ONGOING SUSTAINABILITY OF HOUSING TO COOPERATIVE OWNERSHIP; PROVIDED TECHNICAL ASSISTANCE TO VARIOUS COMMUNITY- BASED ECONOMIC DEVELOPMENT INITIATIVES. ORGANIZED AND CONDUCTED TRAINING INSTITUTES FOR HOUSING COOPERATIVES. 2022 ACCOMPLISHMENTS: TECHNICAL ASSISTANCE & CAPACITY BUILDING - NCF PROVIDED ONGOING TECHNICAL ASSISTANCE, CAPACITY BUILDING, AND TRAINING SERVICES TO OVER 80 CO-OP BOARD LEADERS AND STAFF. SECURED 5.9 MILLION DOLLARS IN INFRASTRUCTURE FUNDING FOR EXISTING RESIDENT OWNED MANUFACTURED HOUSING AND A GRANT TO TRANSITION A 31-UNIT MANUFACTURED HOME COMMUNITY TO RESIDENT OWNERSHIP FROM MINNESOTA HOUSING. RAISED SEED CAPITAL FOR THE COOPERATIVE HOUSING LOAN FUND. DEVELOPED A MANUAL AND BUSINESS PLANNING TOOL TO GUIDE CO-OPS THROUGH THE PROCESS OF FILLING VACANT LOTS WITH NEW MANUFACTURED HOMES. HELPED A CO-OP TRANSITION FROM A PRIVATE SANITARY SEWER SYSTEM TO MUNICIPAL SERVICE. DELIVERED 2,911 HOURS OF TECHNICAL ASSISTANCE AND TRAINING TO CO-OPS. TRACK RECORD: SINCE 2004, NCF HAS WORKED WITH RESIDENTS TO CONVERT TWELVE MANUFACTURED HOME COMMUNITIES TO RESIDENT-OWNERSHIP - 9 IN MINNESOTA AND 3 IN WISCONSIN. THESE CONVERSIONS HAVE PROVIDED THE SECURITY OF PERMANENTLY AFFORDABLE HOUSING TO NEARLY 900 HOME SITES. AVERAGE ANNUAL LOT RENT INCREASE ACROSS NCF'S PORTFOLIO IS 2% COMPARED TO THE NATIONAL INVESTOR-OWNED AVERAGE OF 5 TO 6%. NCF SUPPORTED COMMUNITIES HAVE RE-INVESTED APPROXIMATELY 5 MILLION INTO THEIR COMMUNITIES BY WAY OF INFRASTRUCTURE REHABILITATION AND OTHER COMMUNITY IMPROVEMENTS. 75% OF THE HOUSEHOLDS SERVED THROUGH THE MANUFACTURED HOME CONVERSION PROGRAM HAVE INCOMES AT 60% AMI OR BELOW. A FULL THIRD OF HOUSEHOLDS SERVED ARE CONSIDERED EXTREMELY LOW INCOME AT 30% OF AMI. AT LEAST 40% OF THE POPULATIONS SERVED THROUGH THE MANUFACTURED HOME CO-OP CONVERSION PROGRAM ARE HOUSEHOLDS OF COLOR (25% ARE LATINO; 11% ARE ASIAN HOUSEHOLDS). NCF SERVES A DISPROPORTIONATE POPULATION OF VETERANS AND HOUSEHOLDS WITH CHRONIC HEALTH CONDITIONS AND DISABILITIES.

    Expenses $846,537

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Victoria Clark-West

    EXECUTIVE DI

    Total calculated
    $99,804
    From this org
    $96,897
    From related orgs
    $0
    Other
    $2,907
    Hours/week
    40

  • Ryan Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Berke

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brian Dahlk

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jim Erchul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bobbie Grubb

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Noah Hobbs

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ben Nicholie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trisha Presley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Schobert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat Streeter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mar Valdecantos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VIKING LAKES

    NONE · MN

    Directly controlled by NCF

Provenance

Return type
form_990
Tax year
2022
Filed
25 May 2023
IRS schema version
2022v5.0
Source object
202311509349301051

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