Three Rivers Housing Development Corporation
- Assets
- $2.4m
- Revenue
- $355.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Tekamah, NE
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 47-0803373
Organization Overview
Three Rivers Housing Development Corporation is located in Tekamah, NE. The organization was established in 1996. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Three Rivers Housing Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Rivers Housing Development Corporation 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, Three Rivers Housing Development Corporation generated $355.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $428.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REHABILITATE OLDER HOUSING AND PROVIDE LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATE OLDER HOUSING AND PROVIDE LOW INCOME HOUSING.
REHABILITATE OLDER HOUSING AND PROVIDE LOW INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Adamson Executive Di | Trustee | $41,000 | |
Pamela Thomsen Consultant | Trustee | $26,000 | |
Gloria Myers Advisor | OfficerTrustee | $0 | |
Kay Kellogg Secretary | OfficerTrustee | $0 | |
Brian Welte President | OfficerTrustee | $0 | |
Julie Hayes Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,800 |
| 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 | $25,800 |
| Total Program Service Revenue | $71,715 |
| Investment income | $677 |
| 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 | $355,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,256 |
| Advertising and promotion | $16 |
| Office expenses | $3,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,306 |
| Travel | $624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,940 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,878 |
| Insurance | $0 |
| All other expenses | $2,149 |
| Total functional expenses | $428,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,606 |
| Savings and temporary cash investments | $44,127 |
| Pledges and grants receivable | $550,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $543,819 |
| Inventories for sale or use | $529,279 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $352,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,372,762 |
| Accounts payable and accrued expenses | $10,820 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $917,216 |
| Total liabilities | $928,036 |
| Net assets without donor restrictions | $559,820 |
| Net assets with donor restrictions | $884,906 |
| 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 | $2,372,762 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Three Rivers Housing Development Corporation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
American Charitable Foundation Omaha, NE PURPOSE: GENERAL DONATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |