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Nonprofiteer
← ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$5,603,055
Total expenses
$4,131,121
Contributions and grants received
$2,184,024
Grants paid
$0
Program service revenue
$3,231,872
Investment income
$172,283
Other revenue
$14,876
Total assets, end of year
$17,476,048
Total liabilities, end of year
$1,017,429
Net assets or fund balances, end of year
$16,458,619
Program services expenses (Part IX)
$3,679,615
Management and general expenses
$442,272
Fundraising expenses
$9,234
Program service expenses (Part III)
$3,679,615

Program services were 89.1% 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)

    $1,847,824

  • 1f · All other contributions, gifts and grants

    $336,200

  • 2a · Program service revenue: PROJECT PROCEEDS

    total $3,198,600 · related or exempt $3,198,600

  • 2b · Program service revenue: FEES AND ADMINISTRATION FEES

    total $32,409 · related or exempt $32,409

  • 2c · Program service revenue: RENT INCOME

    total $863 · related or exempt $863

  • 3 · Investment income

    total $152,255 · excluded $152,255

  • 6a · Gross rents

    real property $20,220

  • 6b · Less rental expenses

    real property $20,912

  • 6c · Rental income or loss

    real property -$692

  • 6d · Net rental income or loss

    total -$692 · unrelated business -$692

  • 7a · Gross sales of assets other than inventory

    other assets $20,028

  • 7c · Gain or loss

    other assets $20,028

  • 7d · Net gain or loss

    total $20,028 · related or exempt $20,028

  • 11a · Other revenue: NOR-PARK DEVELOPMENT INCOME

    total $10,576 · related or exempt $10,576

  • 11b · Other revenue: NORFOLK NUVUE APARTMENTS INCO

    total $3,459 · related or exempt $3,459

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $1,533 · related or exempt $1,533

  • 11e · Other revenue, total

    $15,568

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $314,886 · program services $95,317 · management and general $215,483 · fundraising $4,086

  • 7 · Other salaries and wages

    total $254,791 · program services $178,038 · management and general $74,493 · fundraising $2,260

  • 8 · Pension plan contributions

    total $44,332 · program services $17,365 · management and general $26,361 · fundraising $606

  • 9 · Other employee benefits

    total $4,061 · program services $2,037 · management and general $1,981 · fundraising $43

  • 10 · Payroll taxes

    total $42,615 · program services $20,462 · management and general $21,680 · fundraising $473

  • 11b · Fees: legal

    total $2,314 · program services $1,034 · management and general $1,280

  • 11c · Fees: accounting

    total $16,230 · management and general $16,230

  • 11d · Fees: lobbying

    total $1,375 · program services $514 · management and general $828 · fundraising $33

  • 11g · Fees: other

    total $5,453 · program services $963 · management and general $4,471 · fundraising $19

  • 12 · Advertising and promotion

    total $6,410 · program services $4,449 · management and general $1,925 · fundraising $36

  • 13 · Office expenses

    total $16,232 · program services $8,721 · management and general $7,348 · fundraising $163

  • 16 · Occupancy

    total $27,440 · program services $14,020 · management and general $13,058 · fundraising $362

  • 22 · Depreciation, depletion and amortization

    total $18,783 · program services $9,197 · management and general $9,344 · fundraising $242

  • 23 · Insurance

    total $13,601 · program services $6,178 · management and general $7,355 · fundraising $68

  • 24a · Other expenses: COST OF PROJECT PROCEEDS

    total $3,273,136 · program services $3,273,136

  • 24b · Other expenses: TRAVEL & TRAINING EXPENSE

    total $35,220 · program services $15,565 · management and general $19,160 · fundraising $495

  • 24c · Other expenses: COMPUTERS

    total $19,989 · program services $9,853 · management and general $9,933 · fundraising $203

  • 24d · Other expenses: COMMUNICATION

    total $10,458 · program services $5,791 · management and general $4,546 · fundraising $121

  • 24e · All other expenses

    total $23,795 · program services $16,975 · management and general $6,796 · fundraising $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,251 · end of year $124,610

  • 2 · Savings and temporary cash investments

    beginning of year $5,131,529 · end of year $5,427,673

  • 3 · Pledges and grants receivable

    beginning of year $220,757

  • 4 · Accounts receivable

    beginning of year $65,126 · end of year $115,178

  • 7 · Other notes and loans receivable

    beginning of year $8,789,122 · end of year $9,558,642

  • 8 · Inventories for sale or use

    beginning of year $803,989 · end of year $792,309

  • 9 · Prepaid expenses and deferred charges

    beginning of year $496 · end of year $496

  • 10a · Land, buildings and equipment: cost or other basis

    $444,077

  • 10b · Land, buildings and equipment: accumulated depreciation

    $210,464

  • 10c · Land, buildings and equipment, net

    beginning of year $221,512 · end of year $233,613

  • 13 · Investments: program-related

    beginning of year $560,383 · end of year $1,223,527

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,008 · end of year $83,599

  • 23 · Secured mortgages and notes payable

    beginning of year $804,472 · end of year $933,830

  • 27 · Net assets without donor restrictions

    beginning of year $3,632,046 · end of year $3,716,252

  • 28 · Net assets with donor restrictions

    beginning of year $11,354,639 · end of year $12,742,367

Mission and programs · 2023

Mission

ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION DBA NEIGHBORWORKS NORTHEAST NEBRASKA (NWNEN) IS A COMMUNITY HOUSING DEVELOPMENT CORPORATION (CHDO). THEIR MISSION IS TO DEVELOP HOUSING OPPORTUNITIES, EMPOWER INDIVIDUALS AND FAMILIES, REVITALIZE AND STRENGTHEN COMMUNITIES.

Activities or mission (Part I)

DEVELOP HOUSING OPPORTUNITIES, EMPOWER INDIVIDUALS AND FAMILIES, AND REVITALIZE AND STRENTHEN COMMUNITIES.

  • PURCHASE / REHABILITATION / RESELL PROGRAM - PROVIDE NO INTEREST LOANS TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES FOR THE PURCHASE OF A HOME.

    Expenses $3,448,612 · Revenue $3,207,385

  • NEW CONSTRUCTION PROGRAM - PROVIDE NO INTEREST LOANS TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES FOR THE PURCHASE OF A NEWLY CONSTRUCTED HOME.

    Expenses $144,874 · Revenue $2,264

  • HOMEBUYER EDUCATION PROGRAM - PROVIDE EDUCATIONAL SERVICES TO COMMUNITIES. EDUCATION WORKSHOPS ARE 8 HOURS IN LENGTH. THE CURRICULUM FOR THE ATTENDEES INCLUDES THE FOLLOWING TOPICS: UNDERSTANDING CREDIT, BUDGETING/MONEY MANAGEMENT, PRE-QUALIFYING VERSUS PER-APPROVAL, UPFRONT COST/MOVING-INSURANCE-CLOSING, PROS AND CONS OF HOMEOWNERSHIP, CHOOSING THE RIGHT HOME, MAINTENANCE AND EQUIPMENT NEEDED, INSURANCE/TAXES/VALUATIONS, AND BEING A GOOD NEIGHBOR.

    Expenses $78,961 · Revenue $22,223

  • MONEY MANAGEMENT PROGRAM (AKA FINANCIAL PATHWAYS) - PROVIDE EDUCATION SERVICES TO COMMUNITIES. THE CURRICULUM FOR THE ATTENDEES INCLUDES THREE 45 MINUTE CLASSES OF FINANCIAL COACHING CONCENTRATION ON BUDGETING, DEBT AND CREDIT.

    Expenses $7,168

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mitchell Schultze

    PRESIDENT

    Total calculated
    $0

  • Rick Chochon

    VICE PRESIDE

    Total calculated
    $0

  • Dan Poppe

    TREASURER

    Total calculated
    $0

  • Sandy Wolfe

    SECRETARY

    Total calculated
    $0

  • Brian Bywater

    DIRECTOR

    Total calculated
    $0

  • Jake Gable

    DIRECTOR

    Total calculated
    $0

  • Jose Garcia

    DIRECTOR

    Total calculated
    $0

  • Mayra Mendoza

    DIRECTOR

    Total calculated
    $0

  • Sandro Sandoval

    DIRECTOR

    Total calculated
    $0

  • Roger Nadrchal

    CEO

    Total calculated
    $129,480
    From this org
    $129,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Karen Eisenbraun

    CFO

    Total calculated
    $94,929
    From this org
    $94,929
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Quelbin Izaguirre

    COO

    Total calculated
    $90,477
    From this org
    $90,477
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 May 2024
IRS schema version
2023v5.0
Source object
202431569349300238

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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