Roc Usa Llc
- Assets
- $163.3m
- Revenue
- $13.0m
- Investments
- $211.0k
- Employees
- 29
- Location
- Concord, NH
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 35-2319441
Organization Overview
Roc Usa Llc is located in Concord, NH. The organization was established in 2008. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Roc USA Llc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roc USA Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Roc USA Llc generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $10.9m during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Roc USA Llc has awarded 31 individual grants totaling $3,393,775. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO AID PEOPLE LIVING IN MANUFACTURED HOME COMMUNITIES (MHCS) SO THAT AS A GROUP THEY CAN PURCHASE THEIR COMMUNITIES AND OPERATE THEM AS RESIDENT-OWNED AND/OR CONTROLLED ENTITIES THEREBY: (I) PRESERVING LONG-TERM EXISTENCE AND AFFORDABILITY OF THE MANUFACTURED HOUSING SECTOR;(II) CREATING A STABLE ENVIRONMENT FOR REASONABLY PRICED(NON-PREDATORY) SINGLE-FAMILY LENDING AND THE RESULTING ASSET APPRECIATION;(III) LESSENING THE BURDENS OF STATE AND LOCAL GOVERNMENTS ARISING OUT OF THE LOSS OF THIS SECTOR OF AFFORDABLE HOUSING (I.E. PRIMARILY THE DEMANDS FOR RELOCATION ASSISTANCE AND SUBSIDIZED HOUSING ALTERNATIVES ARISING FROM MHC CLOSURES); (IV)COMBATING DETERIORATION OF MHCS; AND (V) ELIMINATING THE ECONOMIC DISCRIMINATION AND STIGMA SUFFERED BY OWNERS OF MANUFACTURED AND MOBILE HOMES WITHIN MHCS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROC USA FOCUSES ON GOVERNANCE, STRATEGY, BRAND, FINANCIAL MANAGEMENT, COMMUNICATIONS AND DEVELOPING HOME-ONLY FINANCING OPPORTUNITIES WITH THIRD-PARTY LICENSED LENDERS IN SUPPORT OF HOMEBUYERS AND ROCS.
RESIDENT OWNERSHIP NETWORK, LLC, IN 2021, ASSISTED 14 NEW RESIDENT OWNED COMMUNITIES (ROCS) AND PRESERVED 1,480 HOMES IN EIGHT STATES. ROC USA NETWORK NOW SERVES MORE THAN 19,000 HOMEOWNERS AND 201 ROCS IN 20 STATES FROM COAST TO COAST.ROC USA NETWORK'S AFFILIATED NONPROFIT CERTIFIED TECHNICAL ASSISTANCE PROVIDERS - IN ADDITION TO CORE TRAINING AND EDUCATION - ARE ALSO INNOVATING WITH A RANGE OF SERVICES, INCLUDING: COMMUNITY RE-BRANDING, HOUSING REHAB AND INFILL ON VACANT SITES, COMMUNITY SOLAR, AND LEVERAGING HOME AND COMMUNITY IMPROVEMENT RESOURCES FOR ROCS IN THEIR REGIONS. ROC USA NETWORK HAS ALSO MADE SIGNIFICANT INVESTMENTS IN ITS STRATEGIC PRIORITIES OF ONLINE TRAINING, ROC MANAGEMENT GUIDES, ROC LEADERSHIP DEVELOPMENT, PROFESSIONAL DEVELOPMENT, AND DIGITAL BRIDGES TO ROCS IN SUPPORT OF LOCAL COMMUNITIES AND TECHNICAL ASSISTANCE PROVIDERS.
RESIDENT OWNERSHIP CAPITAL, LLC PROVIDES LOANS TO RESIDENT OWNED CORPORATIONS FOR ACQUISITION, IMPROVEMENT AND OPERATION OF THEIR MANUFACTURED HOME COMMUNITIES AS RESIDENT-OWNED. IN 2021, ROC USA CAPITAL PROVIDED $63M IN FINANCING TO ELEVEN ROCS FOR DUE DILIGENCE AND COMMUNITY ACQUISITIONS AND IMPROVEMENTS. ROC USA RELEASED THIRD-PARTY IMPACT DATA ON ROC USA CAPITAL'S PORTFOLIO COMMUNITIES. THE STUDY SHOWS THAT ROCS AFTER FIVE YEARS OF OWNERSHIP HAVE MONTHLY SITE FEES BETWEEN MARKET RATE AND AS MUCH AS 17% BELOW MARKET IN THEIR RESPECTIVE MARKETS. THE IMPACT REPORT IS A PART OF A LONGITUDINAL COMPARABLE SITE FEE STUDY CONDUCTED FOR ROC USA BY AN INDEPENDENT APPRAISER. ROCS IN THE STUDY ARE ON AVERAGE RAISING SITE FEES 1% PER YEAR. THERE IS NO COMPARABLE STATISTIC FOR COMMERCIALLY-OPERATED COMMUNITIES HOWEVER IN ONE OF THE SUBJECT PROPERTIES, SITE FEES WERE RAISED 2.5% ANNUALLY PRIOR TO RESIDENT OWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Bradley President | Officer | 40 | $235,243 |
Michael Sloss Managing Director | Officer | 40 | $206,968 |
Mary O'hara Director Of Training | 40 | $178,583 | |
David Doyon Chief Financial Officer | Officer | 24 | $136,263 |
Kevin Porter Director Of Loan Originations | 40 | $111,669 | |
Colleen Lindecker National Training Manager | 40 | $110,427 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,570,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,326,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,896,349 |
| Total Program Service Revenue | $8,107,573 |
| Investment income | $3,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,007,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,071,426 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $655,320 |
| Compensation of current officers, directors, key employees. | $261,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,727,563 |
| Pension plan accruals and contributions | $42,514 |
| Other employee benefits | $116,053 |
| Payroll taxes | $176,411 |
| Fees for services: Management | $330,905 |
| Fees for services: Legal | $216,283 |
| Fees for services: Accounting | $59,661 |
| Fees for services: Lobbying | $76,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,213 |
| Advertising and promotion | $21,582 |
| Office expenses | $157,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,050 |
| Travel | $59,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,262,858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,039 |
| Insurance | $50,718 |
| All other expenses | $22,118 |
| Total functional expenses | $10,867,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,574,508 |
| Savings and temporary cash investments | $16,655,863 |
| Pledges and grants receivable | $102,481 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,235 |
| Net Land, buildings, and equipment | $79,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $211,015 |
| Investments—program-related | $142,446,989 |
| Intangible assets | $0 |
| Other assets | $1,133,424 |
| Total assets | $163,263,242 |
| Accounts payable and accrued expenses | $1,114,820 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,548,137 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,315,190 |
| Unsecured mortgages and notes payable | $80,683,260 |
| Other liabilities | $8,088,910 |
| Total liabilities | $146,850,317 |
| Net assets without donor restrictions | $10,106,170 |
| Net assets with donor restrictions | $6,306,755 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $163,263,242 |
Grants Awarded
Over the last fiscal year, Roc Usa Llc has awarded $1,026,275 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COOPERATIVA NUEVA UNION PURPOSE: LAND PURCHASE | $1,000,000 |
ANDREA LEVERE PURPOSE: CDFI INDUSTRY RESEARCH ON CAPITAL | $26,275 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Roc Usa Llc has recieved totaling $880,035.
| Awarding Organization | Amount |
|---|---|
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78980 INVESTING IN ROC USA TO GROW THE NUMBER OF R | $850,000 |
The California Wellness Foundation Los Angeles, CA PURPOSE: FOR PROJECT SUPPORT TO DEVELOP A COMMUNICATIONS STRATEGY FOR THE "BLUEPRINT FOR ENTERPRISE CAPITAL: A STRATEGY FOR ALIGNING CAPITAL AND CAPACITY TO MAGNIFY NONPROFIT IMPACT" TO HELP STRENGTHEN THE FINANCIAL HEALTH OF NONPROFITS IN CALIFORNIA. | $25,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roc Usa Llc Concord, NH | $163,263,242 | $13,007,393 |
Initiative For A Competitive Inner City Inc Roxbury, MA | $11,137,097 | $6,700,624 |
Spring Meadows Association Of Responsible Tenants Inc Springfield, MA | $14,323,481 | $4,117,328 |
Lake Arrowhead Community Inc North Waterboro, ME | $3,499,746 | $1,857,850 |
Newvue Affordable Housing Corporation Fitchburg, MA | $9,905,411 | $1,607,987 |
Planned Parenthood Maine Action Fund Inc Colchester, VT | $409,282 | $872,048 |
Independence Forge Association Inc Mansfield, MA | $755,942 | $734,904 |
Barrett Housing Corporation Pittsfield, MA | $2,016,965 | $653,586 |
Masslandlords Inc Cambridge, MA | $25,140 | $361,623 |
Maine Campground Owners New Southwick Assoc Auburn, ME | $476,816 | $359,645 |
Quail Ridge Homeowners Association Inc Norton, MA | $1,195,310 | $369,262 |
Assisi Housing Corporation New Bedford, MA | $2,626,827 | $207,421 |