ROC USA LLC

EIN: 352319441 501(c)(3) Housing & Shelter

CONCORD, NH

Total Revenue
$20,464,131
Total Expenses
$17,765,384
Total Assets
$223,757,454
Net Assets
$29,415,422
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
DE
Principal Officer
PAUL BRADLEY
Phone
6038560246
Tax Period
2024-01-01 to 2024-12-31

ROC USA LLC, founded in 2007, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.5M in total revenue in fiscal year 2024. Expenses of $17.8M left a modest 13% surplus.

Mission

ROC USA SUPPORTS HOMEOWNERS IN MANUFACTURED HOME COMMUNITIES TO ACHIEVE AFFORDABLE AND ENVIRONMENTALLY SUSTAINABLE SELF-GOVERNING COOPERATIVES.

Program Service Accomplishments

Program 1
Expenses: $3,780,175 Revenue: $165,961

ROC USA FOCUSES ON GOVERNANCE, STRATEGY, BRAND, FINANCIAL MANAGEMENT, COMMUNICATIONS AND IN CONJUNCTION WITH NETWORK AFFILIATED NONPROFIT CERTIFIED TECHNICAL ASSISTANCE PROVIDERS WORK WITH RESIDENT...

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ROC USA FOCUSES ON GOVERNANCE, STRATEGY, BRAND, FINANCIAL MANAGEMENT, COMMUNICATIONS AND IN CONJUNCTION WITH NETWORK AFFILIATED NONPROFIT CERTIFIED TECHNICAL ASSISTANCE PROVIDERS WORK WITH RESIDENT GROUPS TO PROVIDE CORE TRAINING AND EDUCATION, COMMUNITY RE-BRANDING, HOUSING REHABILITATION AND INFILL OF VACANT SITES. THEY ALSO ASSIST IN PROVIDING COMMUNITY SOLAR INFRASTRUCTURE AND LEVERAGING HOME AND COMMUNITY IMPROVEMENT RESOURCES FOR ROCS IN THEIR REGIONS.DURING 2024 ROC USA ASSISTED 21 ADDITIONAL RESIDENT OWNED COMMUNITIES AND PRESERVED 1,344 HOMES IN EIGHT STATES. ROC USA NOW SERVES 304 COMMUNITIES AND SERVES OVER 20,000 HOMEOWNERS IN 21 STATES FROM COAST TO COAST.

Program 2
Expenses: $7,588,033 Revenue: $9,255,013

RESIDENT OWNERSHIP CAPITAL, LLC PROVIDES LOANS TO RESIDENT OWNED CORPORATIONS FOR ACQUISITION, IMPROVEMENT AND OPERATION OF THEIR MANUFACTURED HOME COMMUNITIES AS RESIDENT-OWNED. IN 2024, RESIDENT...

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RESIDENT OWNERSHIP CAPITAL, LLC PROVIDES LOANS TO RESIDENT OWNED CORPORATIONS FOR ACQUISITION, IMPROVEMENT AND OPERATION OF THEIR MANUFACTURED HOME COMMUNITIES AS RESIDENT-OWNED. IN 2024, RESIDENT OWNERSHIP CAPITAL PROVIDED $39M IN FINANCING TO ELEVEN ROCS FOR DUE DILIGENCE AND COMMUNITY ACQUISITIONS AND IMPROVEMENTS. ROC USA RELEASED THIRD-PARTY IMPACT DATA ON ROC USA CAPITAL'S PORTFOLIO COMMUNITIES. THE STUDY SHOWS THAT ROCS AFTER FIVE YEARS OF OWNERSHIP HAVE MONTHLY SITE FEES BETWEEN MARKET RATE AND AS MUCH AS 17% BELOW MARKET IN THEIR RESPECTIVE MARKETS. THE IMPACT REPORT IS A PART OF A LONGITUDINAL COMPARABLE SITE FEE STUDY CONDUCTED FOR ROC USA BY AN INDEPENDENT APPRAISER. ROCS IN THE STUDY ARE ON AVERAGE RAISING SITE FEES 1% PER YEAR. THERE IS NO COMPARABLE STATISTIC FOR COMMERCIALLY-OPERATED COMMUNITIES HOWEVER IN ONE OF THE SUBJECT PROPERTIES, SITE FEES WERE RAISED 2.5% ANNUALLY PRIOR TO RESIDENT OWNERSHIP.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,088,002
Program Service Revenue $10,913,451
Investment Income $396,335
Other Revenue $66,343
TOTAL REVENUE $20,464,131

Expense Breakdown

Grants Paid $859,586
Salaries & Benefits $4,827,228
Fundraising Expenses $322,571
Program Expenses $15,959,592
Other Expenses $12,078,570
TOTAL EXPENSES $17,765,384

Year-over-Year Comparison

2024 2023 Change
Revenue $20,464,131 $21,389,105 0.0%
Expenses $17,765,384 $13,212,084 +0.3%
Net Income $2,698,747 $8,177,021 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
35
Volunteers
N/A

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
7
$832,338
Total Directors
13
$0
Key Employees
1
$234,480
Highest Compensated
8
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA LEVERE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
LAUREN COUNTS VICE CHAIR 1.00
Officer Director
$0 $0 $0
SARAH MARCHANT SECRETARY 1.00
Officer Director
$0 $0 $0
TAMAR GREENSPAN DIRECTOR 1.00
Director
$0 $0 $0
JULIA CURRY DIRECTOR 1.00
Director
$0 $0 $0
KELLY JENSEN DIRECTOR 1.00
Director
$0 $0 $0
MARJORY GILSRUD DIRECTOR 1.00
Director
$0 $0 $0
SAM GREEN DIRECTOR 1.00
Director
$0 $0 $0
MELISSA MC DONALD DIRECTOR 1.00
Director
$0 $0 $0
JEANNIE OLIVER DIRECTOR 1.00
Director
$0 $0 $0
DOUG RYAN DIRECTOR 1.00
Director
$0 $0 $0
JENEE GAYNOR DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH WINIEWICZ DIRECTOR 1.00
Director
$0 $0 $0
PAUL BRADLEY CEO 40.00
Officer
$233,825 $33,001 $266,826
EMILY THADEN PRESIDENT 40.00
Officer
$118,661 $3,560 $122,221
NICHOLAS SALERNO CHIEF OPERATING OFFICER 40.00
Officer
$185,388 $12,184 $197,572
DAVID DOYON CHIEF FINANCIAL OFFICER 40.00
Officer
$213,259 $32,460 $245,719
MICHAEL SLOSS MANAGING DIRECTOR ROC USA CAPITAL 40.00
Key Emp
$213,235 $21,245 $234,480
MARY O'HARA EVP ROC MOVEMENT 40.00
Highest
$177,666 $28,757 $206,423
COLLEEN LINDECKER EVP TRAINING AND CONTINUOUS LEARNING 40.00
Highest
$164,490 $4,935 $169,425
FRANK WILSON EVP COOPERATIVE SOLUTIONS 40.00
Highest
$193,366 $5,801 $199,167
AMY CHHOM VP TECHNICAL AND SPECIAL PROJECTS 40.00
Highest
$141,030 $22,881 $163,911
ANGELA ROMEO VP ACQUISITIONS 40.00
Highest
$134,901 $10,632 $145,533
MICHAEL BULLARD VP COMMUNICATIONS 40.00
Highest
$101,811 $3,054 $104,865
KELLY STRAUCH DATA ADMINISTRATION MANAGER 40.00
Highest
$104,617 $3,139 $107,756
JODI BAYAT NATIONAL ACQUISITION MANAGER 40.00
Highest
$105,526 $3,166 $108,692
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 $20,464,131 $17,765,384 $223,757,454 $2,698,747
2023 $21,389,105 $13,212,084 $193,742,158 $8,177,021
2022 $14,090,679 $11,401,450 $179,101,638 $2,689,229
2021 $13,007,393 $10,867,689 $163,263,242 $2,139,704
2020 $9,691,078 $9,136,251 $129,035,432 $554,827
2019 $7,646,765 $7,822,551 $123,751,390 $-175,786
2018 $5,766,636 $5,991,116 $87,459,246 $-224,480
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