Overview
What is Elkhorn Valley Community Development Corporation?
Elkhorn Valley Community Development Corporation, operating under the name NeighborWorks Northeast Nebraska, is a community-focused nonprofit based in Norfolk, Nebraska. Their primary mission is to develop housing opportunities, empower individuals and families, and revitalize and strengthen communities. They achieve this by providing no-interest loans to low to moderate income individuals and families for the purchase of a home through their Purchase/Rehabilitation/Resell program. With a team of seven dedicated employees, this nonprofit corporation aims to enhance living conditions and contribute positively to the neighborhoods they serve.
Official website here: www.nwnen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Elkhorn Valley Community Development Corporation has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong score of 96%. This rating is based solely on its Accountability & Finance metrics, showcasing the organization's commitment to transparency and effective financial management.
Key strengths of this nonprofit include a fully independent board, rigorous oversight, and robust financial practices. The organization has no material diversion of assets, ensures high program expense ratios, and maintains comprehensive policies on conflict of interest and whistleblowing. These factors contribute to its solid reputation for accountability and governance.
While the score highlights its financial health, there is no detailed user feedback available to further assess community impact or engagement. Nonetheless, the strong financial practices suggest that the organization is well-positioned to effectively use its resources for community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Elkhorn Valley Community Development Corporation?
100% of 8 reviewers on Facebook recommend Elkhorn Valley Community Development Corporation. Here is a summary of their reviews:
The organization is praised for its strong commitment to empowering community development. Reviewers highlight the positive impact it has had on local initiatives and support for residents. Many express appreciation for its focus on enhancing the community's overall well-being and quality of life.
Overall, the sentiment is overwhelmingly positive, with supporters recognizing the nonprofit's effectiveness in fostering growth and development in the region. The commitment to community engagement and improvement is evidently resonating with those who have interacted with the organization.
This AI summary has been generated from reviews found on Facebook.
Is Elkhorn Valley Community Development Corporation legitimate?
Elkhorn Valley Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elkhorn Valley 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: $293,118
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,467
For more financial information, click here
Official website here: www.nwnen.org
What is the mission statement of Elkhorn Valley Community Development Corporation?
The Elkhorn Valley Community Development Corporation, often referred to as NeighborWorks Northeast Nebraska (NWNEN), serves as a Community Housing Development Corporation (CHDO). Their primary mission is to develop housing opportunities, empower individuals and families, and revitalize and strengthen communities. By adhering to this mission, the organization aims to improve living conditions and provide support to those in need.
One of their key initiatives involves offering no-interest loans to low to moderate income individuals and families for the purchase of a home through their Purchase/Rehabilitation/Resell program. This initiative not only helps individuals secure housing but also contributes to the overall revitalization of communities.
Official website here: www.nwnen.org
Who is the CEO of Elkhorn Valley Community Development Corporation?
Mitchell Schultze is the President of Elkhorn Valley Community Development Corporation. The CEO's salary of Elkhorn Valley Community Development Corporation is $120,199 and their total compensation is $120,199.
Official website here: www.nwnen.org
What is the revenue of Elkhorn Valley Community Development Corporation?
Elkhorn Valley Community Development Corporation's revenue in 2022 was $3,261,927.
Official website here: www.nwnen.org
Who are the executives of Elkhorn Valley Community Development Corporation and what are their salaries?
The average compensation at Elkhorn Valley Community Development Corporation during 2022 was $75,369. There are 7 employees at Elkhorn Valley Community Development Corporation.
Here are 12 key members and their salaries (Elkhorn Valley Community Development Corporation's CEO's salary is $120,199 and their total compensation is $120,199):
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- Compensation: $120,199
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- Compensation: $88,815
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- Compensation: $84,104
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Official website here: www.nwnen.org
Where can I find the form 990 for Elkhorn Valley Community Development Corporation?
Elkhorn Valley Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwnen.org
Learn more at the official website: www.nwnen.org
Mission Statement of Elkhorn Valley Community Development Corporation
Elkhorn Valley Community Development Corporation, commonly known as NeighborWorks Northeast Nebraska (NWNEN), is a dedicated community housing development corporation. Their mission is multifaceted, encompassing the development of housing opportunities, the empowerment of individuals and families, and the revitalization and strengthening of communities.
At the heart of their operations, Elkhorn Valley Community Development Corporation provides no-interest loans to low to moderate income individuals and families for the purchase of a home through their Purchase/Rehabilitation/Resell program. This initiative is a testament to their commitment to making homeownership more accessible, thereby empowering families and contributing to the strengthening of communities. By offering such opportunities, the corporation plays a significant role in providing a stable foundation for families, which in turn contributes to the overall well-being and vitality of the communities they serve.
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Impact
July, 2024
Elkhorn Valley Community Development Corporation, also known as NeighborWorks Northeast Nebraska, has a significant impact on the community by developing housing opportunities, empowering individuals and families, and revitalizing and strengthening neighborhoods. Through initiatives such as the purchase/rehabilitation/resell program, they provide no-interest loans to low to moderate-income individuals and families to purchase a home. This not only helps individuals achieve homeownership but also contributes to the overall improvement of the community by revitalizing neighborhoods. Elkhorn Valley Community Development Corporation's work plays a vital role in addressing housing needs and fostering community development in Norfolk, Nebraska.
This information is meant to be a general summary of Elkhorn Valley 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.
- Investment Income: $64,049
- Program Service Revenue: $2,154,697
- Gross Receipts: $3,282,437
Assets and Liabilities:
- Total Assets: $15,865,165
- Total Liabilities: $878,480
- Net Assets: $14,986,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT PROCEEDS
Revenue
$2,130,300
FEES AND ADMINISTRATION FEES
Revenue
$21,969
RENT INCOME
Revenue
$2,428
Organization Details
Founding Year
1994
Phone
(402) 379-3311Principal Officer
Mitchell Schultze
Main Address
213 SOUTH 1ST STREET, NORFOLK, NE, 68701
Website
www.nwnen.orgNTEE Category
Code: L80Z - Housing
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