SEVENTY-FIVE NORTH REVITALIZATION CORPORATION

EIN: 273842950 501(c)(3) Environment

OMAHA, NE

Total Revenue
$9,668,555
Total Expenses
$6,439,921
Total Assets
$49,273,521
Net Assets
$46,780,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NE
Principal Officer
SHARLON RODGERS
Phone
4025022770
Tax Period
2023-01-01 to 2023-12-31

SEVENTY-FIVE NORTH REVITALIZATION CORPORATION, founded in 2010, is a community nonprofit in the Environment sector that reported $9.7M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 33% operating margin.

Mission

TO FACILITATE THE REVITALIZATION OF A HEALTHY, SUSTAINABLE, MIXED-INCOME COMMUNITY IN THE HIGHLANDER NEIGHBORHOOD. WE WORK TO PROMOTE INTERGENERATIONAL PROSPERITY BY PARTNERING TO CREATE HIGH-QUALITY HOUSING, INNOVATIVE EDUCATION OPPORTUNITIES, RECREATIONAL FACILITIES AND OTHER NEIGHBORHOOD ENRICHMENT AMENITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $23,953,786
Program Service Revenue $1,541,761
Investment Income $-15,873,780
Other Revenue $46,788
TOTAL REVENUE $9,668,555

Expense Breakdown

Grants Paid $0
Salaries & Benefits $672,859
Fundraising Expenses $115,053
Program Expenses $5,954,046
Other Expenses $5,767,062
TOTAL EXPENSES $6,439,921

Year-over-Year Comparison

2023 2022 Change
Revenue $9,668,555 $5,180,265 +0.9%
Expenses $6,439,921 $7,978,701 -0.2%
Net Income $3,228,634 $-2,798,436 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
125

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$216,553
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANA WASHINGTON CHAIRMAN/PRESIDENT 10.00
Officer Director
$0 $0 $0
MEREDITH DILLON BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM STEFFEN BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY EKWEREKWU BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID ARNOLD BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN JENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN BOCK BOARD MEMBER 1.00
Director
$0 $0 $0
CYDNEY FRANKLIN PRESIDENT/CEO THROUGH 10/16/23 40.00
Officer
$193,921 $8,882 $202,803
SHARLON RODGERS PRESIDENT/CEO AS OF 12/12/23 40.00
Officer
$13,750 $0 $13,750
JIMMI WATTS DIRECTOR OF EDUCATION 40.00
Highest
$118,805 $8,719 $127,524
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $9,668,555 $6,439,921 $49,273,521 $3,228,634
2022 $5,180,265 $7,978,701 $50,146,343 $-2,798,436
2021 $22,987,424 $3,265,737 $52,503,963 $19,721,687
2020 $5,917,570 $2,397,164 $33,010,076 $3,520,406
2019 $4,589,640 $2,607,596 $29,306,771 $1,982,044
2018 $5,173,382 $5,184,813 $27,268,793 $-11,431
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