Overview
What is Region V Community Development Corporation?
The Region V Community Development Corporation (RVCDC) is a dedicated nonprofit organization based in Fargo, North Dakota. Its primary mission is to plan, develop, own, and manage affordable housing projects across the state, catering to low-income, elderly, and disabled individuals and their families. As a developer, RVCDC conducts market analysis, environmental reviews, and manages various housing projects, including rehabilitation of existing buildings, new construction, and single-family developments. With over 100 units developed in various communities, the organization's portfolio includes multifamily rental housing, single-family homeownership, and special needs housing. In the operational phase, RVCDC ensures proper management and maintenance of these projects. Additionally, the Corporation owns and manages several housing complexes and buildings in North Dakota, leasing out some to provide essential services like child development centers.
Official website here: www.rvcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star Rating)
Region V Community Development Corporation has achieved a 91% score, reflecting a strong performance in accountability and finance. The organization is rated as a Four-Star charity, indicating that it meets high standards in financial health and transparency. The score is based entirely on the Accountability & Finance beacon, showcasing its commitment to responsible governance.
One of the organization's key strengths is its board composition, with 100% independent members, which enhances its oversight and decision-making processes. Additionally, it has a solid financial management framework, evidenced by a high program expense ratio of 88.41%, ensuring that a significant portion of its funds is directed toward its mission. The presence of comprehensive policies, such as conflict of interest and whistleblower policies, further underscores its commitment to ethical practices.
However, while the organization performs well in many areas, its liabilities to assets ratio of 56.55% indicates that it has a moderate level of financial obligations relative to its assets. This aspect may warrant attention as it could affect financial stability in the long run. Overall, Region V Community Development Corporation demonstrates strong accountability practices but should continue to monitor its financial ratios to ensure sustainable operations.
This AI summary has been generated from information found on Charity Navigator.
Is Region V Community Development Corporation legitimate?
Region V Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Region V Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $8,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,154
For more financial information, click here
Official website here: www.rvcdc.org
What is the mission statement of Region V Community Development Corporation?
The Region V Community Development Corporation is committed to planning, developing, owning, and managing affordable housing projects, primarily benefiting lower income households whose annual income does not exceed 80% of the county median income level. As a developer, the corporation conducts various functions such as market analysis, environmental reviews, and property management, with a focus on rehabilitating existing buildings, constructing new housing units, and building special need housing. After project development, the corporation manages the operational phase, ensuring proper maintenance and maximizing return on assets. The corporation also owns and operates several housing projects, providing essential services and customary management to ensure the successful operation of these facilities.
Official website here: www.rvcdc.org
Who is the CEO of Region V Community Development Corporation?
Brandon Kjelden is the President of Region V Community Development Corporation.
Official website here: www.rvcdc.org
What is the revenue of Region V Community Development Corporation?
Region V Community Development Corporation's revenue in 2022 was $573,178.
Official website here: www.rvcdc.org
Who are the executives of Region V Community Development Corporation and what are their salaries?
There 5 volunteers at Region V Community Development Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $25,857
- Other: $4,314
- Compensation: $0
- Related: $98,567
- Other: $36,964
Official website here: www.rvcdc.org
Where can I find the form 990 for Region V Community Development Corporation?
Region V Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rvcdc.org
Learn more at the official website: www.rvcdc.org
Mission Statement of Region V Community Development Corporation
The Region V Community Development Corporation, abbreviated as RVCDC, is a nonprofit organization with a primary mission to plan, develop, own, and manage affordable housing projects in southeastern North Dakota. This mission is geared towards benefiting lower income households, defined as those with an annual income that does not surpass 80 percent of the county median income level.
The RVCDC plays a crucial role in the development and management of housing for various groups, including low-income individuals, the elderly, and those with disabilities. As a developer, the corporation performs a range of functions such as market analysis, environmental reviews, site selection, feasibility analysis, financial statements, project design, rehabilitation, new construction, marketing, and more. They have developed over 100 units of affordable housing in various communities across North Dakota, including Lisbon, Gwinner, Hankinson, Hatton, Milnor, Northwood, Casselton, West Fargo, and Fargo. The types of projects they develop include multifamily rental housing, single-family homeownership, and special needs housing.
After housing projects are developed, the RVCDC becomes involved in the operational phase, providing sales and marketing, leasing, and property management services. As a property manager, their goal is to ensure the proper management, maintenance, and operation of the housing projects. The corporation owns and operates several properties, including Sunset Village, Valley View First Addition, Early Head Start building, Head Start South building, Fieldstone Manor, Prairie Pointe, Grace Village, Heritage Village Limited Partnership, and Homestead Commons Limited Partnership. These properties serve as affordable housing solutions for the communities they serve.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Region V Community Development Corporation's impact can be seen in the development and management of over 100 units of affordable housing in various communities across southeastern North Dakota. By providing housing options for low-income, aged, and handicapped individuals and their families, the Corporation directly benefits lower-income households by offering them access to safe and affordable housing options. Additionally, Region V Community Development Corporation plays a crucial role in community improvement by revitalizing existing buildings, constructing new housing units, and maintaining the quality of its properties through effective property management practices. Overall, the Corporation's work contributes to the enhancement of quality of life for individuals and families in need of affordable housing in the region.
This information is meant to be a general summary of Region V Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $573,178
- Gross Receipts: $573,178
Assets and Liabilities:
- Total Assets: $7,180,362
- Total Liabilities: $4,060,650
- Net Assets: $3,119,712
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PS Rent
Revenue
$328,490
Low Interest Loans
Revenue
$155,753
Management Fees
Revenue
$78,383
Related Party Investme
Revenue
-$11,140
Organization Details
Founding Year
1994
Phone
(701) 232-2452Principal Officer
Brandon Kjelden
Main Address
3233 South University Drive, Fargo, ND, 58104
Website
www.rvcdc.orgNTEE Category
Code: S99 - Community improvement
If you are a representative of Region V Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.