Elkhorn Valley Community Development Corporation

Organization Overview

Elkhorn Valley Community Development Corporation, operating under the name Neighborworks Northeast Nebraska, is located in Norfolk, NE. 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 12/2021, Neighborworks Northeast Nebraska employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Northeast Nebraska 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 12/2020, Neighborworks Northeast Nebraska generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.9m during the year ending 12/2020. While expenses have increased by 0.4% 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

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


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


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.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Roger Nadrchal
CEO
$116,199
Karen Eisenbraun
CFO
$82,563
Quelbin Izaguirre
COO
$74,780
Brian Christensen
President
$0
Mitchell Schultze
Vice Preside
$0
Brian Bywater
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,139,046
All other contributions, gifts, grants, and similar amounts not included above$37,625
Noncash contributions included in lines 1a–1f $200
Total Revenue from Contributions, Gifts, Grants & Similar$1,176,671
Total Program Service Revenue$3,043,096
Investment income $81,578
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,217
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 $4,413,796

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Elkhorn Valley Community Development Corporation has recieved totaling $395,000.

Awarding OrganizationAmount
Sunderland Foundation

Overland Park, KS

PURPOSE: REHAB 27 HOUSES IN NORTHEAST NE

$375,000
Nebraska Community Foundation

Lincoln, NE

PURPOSE: GENERAL SUPPORT

$20,000
View Grant Recipient Profile

Endowment Analysis

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