Civic Intelligence

Elkhorn Valley Community Development Corporation

990 • Fiscal year 2018 • EIN 47-0783310

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 18, 2019

213 South 1st StreetNorfolk, NE 68701

(402) 379-3311

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.06x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

29th percentile

0.10x

Higher debt load relative to revenue than 29% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

85th percentile

34%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

22nd percentile

$101,813

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

90th percentile

30%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

62nd percentile

8.7%

Faster revenue growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$10,907,781

Up $2,489,131 (+30%) from 2017

Net Assets

Up

$10,280,830

Up $2,173,029 (+27%) from 2017

Liabilities

Up

$626,951

Up $316,102 (+102%) from 2017

Revenue

Up

$6,445,560

Up $516,888 (+8.7%) from 2017

Expenses

Down

$4,272,531

Down $1,277,402 (-23%) from 2017

Net Income

Up

$2,173,029

Up $1,794,290 (+474%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $6,666,137Liabilities 2010: $570,085Net Assets 2010: $6,096,0522010Assets 2011: $7,047,912Liabilities 2011: $294,127Net Assets 2011: $6,753,7852011Assets 2012: $7,721,757Liabilities 2012: $910,556Net Assets 2012: $6,811,2012012Assets 2013: $7,161,219Liabilities 2013: $292,233Net Assets 2013: $6,868,9862013Assets 2014: $6,927,327Liabilities 2014: $290,702Net Assets 2014: $6,636,6252014Assets 2015: $7,010,699Liabilities 2015: $157,996Net Assets 2015: $6,852,7032015Assets 2016: $7,924,463Liabilities 2016: $195,398Net Assets 2016: $7,729,0652016Assets 2017: $8,418,650Liabilities 2017: $310,849Net Assets 2017: $8,107,8012017Assets 2018: $10,907,781Liabilities 2018: $626,951Net Assets 2018: $10,280,8302018Assets 2019: $12,555,214Liabilities 2019: $783,655Net Assets 2019: $11,771,5592019Assets 2020: $12,960,627Liabilities 2020: $653,726Net Assets 2020: $12,306,9012020Assets 2021: $15,308,903Liabilities 2021: $534,132Net Assets 2021: $14,774,7712021Assets 2022: $15,865,165Liabilities 2022: $878,480Net Assets 2022: $14,986,6852022Assets 2023: $17,476,048Liabilities 2023: $1,017,429Net Assets 2023: $16,458,6192023Assets 2024: $18,949,307Liabilities 2024: $921,005Net Assets 2024: $18,028,3022024

Highlighted filing

2018

Assets$10,907,781
Liabilities$626,951
Net Assets$10,280,830

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,767,7762010Expenses 2011: $4,193,4792011Expenses 2012: $2,608,4662012Revenue 2013: $5,022,971Expenses 2013: $4,946,680Net Income 2013: $76,2912013Revenue 2014: $3,321,511Expenses 2014: $3,332,137Net Income 2014: -$10,6262014Revenue 2015: $4,098,735Expenses 2015: $3,782,658Net Income 2015: $316,0772015Revenue 2016: $6,073,846Expenses 2016: $5,197,486Net Income 2016: $876,3602016Revenue 2017: $5,928,672Expenses 2017: $5,549,933Net Income 2017: $378,7392017Revenue 2018: $6,445,560Expenses 2018: $4,272,531Net Income 2018: $2,173,0292018Revenue 2019: $9,321,549Expenses 2019: $7,830,820Net Income 2019: $1,490,7292019Revenue 2020: $4,413,796Expenses 2020: $3,878,454Net Income 2020: $535,3422020Revenue 2021: $7,056,066Expenses 2021: $4,588,196Net Income 2021: $2,467,8702021Revenue 2022: $3,261,927Expenses 2022: $3,050,013Net Income 2022: $211,9142022Revenue 2023: $5,603,055Expenses 2023: $4,131,121Net Income 2023: $1,471,9342023Revenue 2024: $6,969,438Expenses 2024: $5,399,755Net Income 2024: $1,569,6832024

Highlighted filing

2018

Revenue$6,445,560
Expenses$4,272,531
Net Income$2,173,029
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 18, 2019
Return Version
2018v3.1
Gross Receipts
$6,454,798
Mission and Program Overview

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.

Develop housing opportunities, empower individuals and families, and revitalize and strenthen communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,008,660$6,403,505▲ $394,845
Savings and Temporary Cash Investments$1,590,063$3,521,842▲ $1,931,779
Inventories for Sale or Use$320,867$626,879▲ $306,012
Land, Buildings, and Equipment, Net$219,951$231,160▲ $11,209
Cash and Non-Interest-Bearing Accounts$37,496$47,160▲ $9,664
Pledges and Grants Receivable$205,325$45,078▼ $160,247
Investments Program Related$30,000$30,000→ $0
Prepaid Expenses and Deferred Charges$456$1,920▲ $1,464
Accounts Receivable$5,832$237▼ $5,595
Total Assets$8,418,650$10,907,781▲ $2,489,131
Liabilities
Mortgage Notes Payable Secured by Investment Property$250,766$568,007▲ $317,241
Accounts Payable and Accrued Expenses$58,151$58,944▲ $793
Deferred Revenue$1,932--
Total Liabilities$310,849$626,951▲ $316,102
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,470,768$8,169,372▲ $2,698,604
Unrestricted Net Assets$1,800,148$2,111,458▲ $311,310
Permanently Rstr Net Assets$836,885--
Total Net Assets Fund Balance$8,107,801$10,280,830▲ $2,173,029
Total Liabilities and Net Assets / Fund Balance$8,418,650$10,907,781▲ $2,489,131

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$208,676$109,232$317,908
Equipment$22,484$52,285$74,769

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$836,885--$251,065$585,820
2017$1,195,550--$358,665$836,885
2016$1,025,550$170,000--$1,195,550
2015$870,550$155,000--$1,025,550
2014$710,550$160,000--$870,550
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Roger NadrchalCEOFT$101,813$101,813
Karen EisenbraunCFOFT$67,436$67,436
Quelbin IzaguirreCOOFT$56,532$56,532

Board Members and Trustees

NameTitle
Brian ChristensenPresident
Brian BywaterDirector
Doug RomshekDirector
John LohrDirector
Rona WeichDirector
Steve OsbornDirector
Dan OdomSecretary
Richard UhingTreasurer
Jean MartinezVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,986,985
Program Service Revenue
$3,423,693
Investment Income
$28,206
Other Revenue
$6,676
All Other Contributions
$883,423
Change in Net Assets
$2,173,029

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,445,560
Revenue Not Reported on Form 990
$9,238
Total Revenue per Audited Statements
$6,454,798
Total Revenue per Form 990
$6,445,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,806,713
Salaries, Compensation, and Employee Benefits$465,818
Total Fundraising Expense$7,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$70,204$152,502$3,075$225,781
Other Salaries and Wages$148,014$44,768$1,731$194,513
All Other Expenses$64,679$5,997$136$70,812
Payroll Taxes$16,689$15,081$367$32,137
Other Expenses$29,719$16,035$344$29,719
Insurance$16,136$11,394$241$27,771
Occupancy$14,744$12,023$322$27,089
Office Expenses$10,687$8,722$200$19,609
Fees for Services Accounting-$17,170-$17,170
Depreciation Depletion$5,129$5,399$144$10,672
Pension Plan Contributions$5,755$4,407$129$10,291
Advertising$3,537$2,989$61$6,587
Fees for Services Legal$3,041$1,209$19$4,269
Other Employee Benefits$1,463$1,599$34$3,096
Fees for Services Other-$2,502-$2,502
Fees for Services Lobbying$750$727$35$1,512
Total Functional Expenses$3,939,523$325,757$7,251$4,272,531

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,281,769
Expenses per Audited Statements$4,272,531
Total Expenses per Form 990$4,272,531
Expenses Not Reported on Form 990$9,238
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization's board members, chief executive officer and chief financial officer are presented with a copy of the tax return to review prior to its submission to the irs.

Form 990, Page 6, Part VI, Line 12C

The organization has monthly board meetings and any time there is a possible conflict of interest, it is presented to all board members. This is then documented, discussed further and voted on to determine whether or not an actual conflict of interest exists and what, if any, further action needs to be taken.

Form 990, Page 6, Part VI, Line 15A

The board uses neighborworks america salary report as comparability data for the ceo's evaluation.

Form 990, Page 6, Part VI, Line 19

Upon request, members of the public are provided paper copies of its governing documents, conflict of interst policy and financial statements.

Filing and Contact Details

Filer

Filer Name
Elkhorn Valley Community
EIN
47-0783310
Phone
4023793311
Address
213 SOUTH 1ST STREET, NORFOLK, NE 68701
Doing Business As
Neighborworks Northeast Nebraska

Signing Officer

Name
Brian Christensen
Title
President
Phone
4023793311
Signed
2019-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Christensen
Formed
1994
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
7

Preparer

Firm
Schumacher Smejkal Brockhaus & Herley Pc
Address
508 WEST PROSPECT AVENUE, NORFOLK, NE 68701
Preparer
Brock Herley
Phone
4023792722
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 2, Part III, Line 4D

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.

Form 990, Part XI, Line 9

Rental expenses deducted from revenue 9,238 rental expenses deducted from revenue -9,238

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Funds for making down payment assistance loans and for capital projects.

Schedule D, Page 4, Part XI, Line 2D

Rental expenses deducted from revenue 9,238

Schedule D, Page 4, Part XII, Line 2D

Rental expenses deducted from revenue 9,238

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$0.92$18.0$6.97$5.40$1.57
2023Detailed filing. Detailed filing data is available for this year.$17.5$1.02$16.5$5.60$4.13$1.47
2022Detailed filing. Detailed filing data is available for this year.$15.9$0.88$15.0$3.26$3.05$0.21
2021Detailed filing. Detailed filing data is available for this year.$15.3$0.53$14.8$7.06$4.59$2.47
2020Detailed filing. Detailed filing data is available for this year.$13.0$0.65$12.3$4.41$3.88$0.54
2019Detailed filing. Detailed filing data is available for this year.$12.6$0.78$11.8$9.32$7.83$1.49
2018Detailed filing. Detailed filing data is available for this year.$10.9$0.63$10.3$6.45$4.27$2.17
2017Detailed filing. Detailed filing data is available for this year.$8.42$0.31$8.11$5.93$5.55$0.38
2016Detailed filing. Detailed filing data is available for this year.$7.92$0.20$7.73$6.07$5.20$0.88
2015Detailed filing. Detailed filing data is available for this year.$7.01$0.16$6.85$4.10$3.78$0.32
2014Detailed filing. Detailed filing data is available for this year.$6.93$0.29$6.64$3.32$3.33$0.01
2013Detailed filing. Detailed filing data is available for this year.$7.16$0.29$6.87$5.02$4.95$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.72$0.91$6.81$2.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.05$0.29$6.75$4.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.67$0.57$6.10$4.77