Communityworks North Dakota

Organization Overview

Communityworks North Dakota is located in Mandan, ND. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Communityworks North Dakota employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communityworks North Dakota 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 09/2021, Communityworks North Dakota generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $1.4m during the year ending 09/2021. While expenses have increased by 19.0% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING AFFORDABLE HOUSING & DEVELOPMENT OPPORTUNITIES TO REVITALIZE COMMUNITIES & IMPROVE THE STANDARD OF LIVING & QUALITY OF LIFE FOR NORTH DAKOTANS. PROVIDE LOW INTEREST LOANS FOR EMERGENCY HOME REPAIRS, MORTGAGE ASSISTANCE, 1ST MORTGAGE LOANS, & CONSTRUCTION LOANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REVOLVING LOAN PROGRAM - PROVIDES AFFORDABLE LOANS, WITH TERMS BASED ON THEBORROWER'S CAPACITY TO REPAY, FOR DOWN PAYMENT AND CLOSING COST ASSISTANCE,REHABILITATION LOANS, LOANS FOR EMERGENCY REPAIRS, AND OTHER MORTGAGE ASSISTANCE,INCLUDING CONSTRUCTION AND FIRST MORTGAGE LOANS. IN 2021, 44 MORTGAGE LOANS TOTALLING $925,314 WERE AWARDED. 5 LOANS FOR FINANCING DEVELOPMENT OF AFFORDABLE HOUSING WERE CLOSED IN 2021 TOTALING $1,106,669 FOR 120 NEW AND 12 HOUSING UNITS. CLIENT FEES AND LOAN INTEREST ARE USED TO ADMINISTER THE PROGRAM IN ADDITION TO GRANTS AND CONTRIBUTIONS.


LOW-INCOME HOUSING RENTAL PROPERTIES - PROVIDE MANAGEMENT SERVICES AND ACQUIRED ONEPROPERTY FOR LOW-INCOME RENTALS IN AUGUST 2021


HOUSING DEVELOPMENT - CWND CONSTRUCTS, ACQUIRES, REHABILITATES AND OPERATESMULTI-FAMILY AFFORDABLE HOUSING UNITS THROUGHOUT NORTH DAKOTA. DURING 2021 CWND WASAWARDED 4% TAX CREDITS TO CONSTRUCT 120 UNITS OF AFFORDABLE HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Brent Ekstrom
Executive Direc
$80,374
Mike Remboldt
President
$0
Sandy Retterath
Vice President
$0
Dwight Barden
Treasurer
$0
Jessica Thomasson
Secretary
$0
Dawn Aanderud
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,614,571
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,614,571
Total Program Service Revenue$1,201,141
Investment income $5,807
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $27,786
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 $2,854,575

Grants Awarded

Over the last fiscal year, Communityworks North Dakota has awarded $30,000 in support to 2 organizations.

Grant RecipientAmount

ND HOUSING FINANCE AGENCY

PURPOSE: HOUSING DEV FINANCE PROF CERT TRNG

$20,000

CITY OF BISMARCK

PURPOSE: HOUSING NEEDS ASSESSMENT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Communityworks North Dakota has recieved totaling $461,000.

Awarding OrganizationAmount
Neighborhood Reinvestment Corp

Washington, DC

PURPOSE: GENERAL SUPPORT

$461,000
View Grant Recipient Profile

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