COMMUNITYWORKS NORTH DAKOTA

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

BRENT EKSTROM

Phone

7016677600

Tax Period

2023-10-01 to 2024-09-30

COMMUNITYWORKS NORTH DAKOTA, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 5% surplus.

Mission

PROVIDING AFFORDABLE HOUSING & DEVELOPMENT OPPORTUNITIES TO REVITALIZE COMMIUNITIES & IMPROVE THE STANDARD OF LIVING & QUALITY OF LIFE FOR NORTH DAKOTANS. PROVIDE LOW INTEREST LOANS FOR EMERGENCY HOME REPAIRS, MORTGAGE ASSISTANCE, 1ST MORTGAGE LOANS, AND CONSTRUCTION LOANS.

Program Service Accomplishments

Program 1

Expenses: $1,576,550 Revenue: $1,448,776

LOW-INCOME HOUSING RENTAL PROPERTIES - PROVIDE MANAGEMENT SERVICES FOR 846 UNITS 2024. EXPENSES INCLUDE MANAGEMENT AND OPERATIONS OF THE RENTAL PROPERTIES.

Program 2

Expenses: $278,541 Revenue: $404,106

REVOLVING LOAN PROGRAM - PROVIDES AFFORDABLE LOANS, WITH TERMS BASED ON THE BORROWER'S CAPACITY TO REPAY, FOR DOWN PAYMENT AND CLOSING COST ASSISTANCE,REHABILITATION LOANS, LOANS FOR EMERGENCY...

REVOLVING LOAN PROGRAM - PROVIDES AFFORDABLE LOANS, WITH TERMS BASED ON THE BORROWER'S CAPACITY TO REPAY, FOR DOWN PAYMENT AND CLOSING COST ASSISTANCE,REHABILITATION LOANS, LOANS FOR EMERGENCY REPAIRS, AND OTHER MORTGAGE ASSISTANCE, INCLUDING CONSTRUCTION AND FIRST MORTGAGE LOANS. IN 2024, 37 MORTGAGE LOANS TOTALLING 918,500 WERE AWARDED. 2 LOANS FOR FINANCING DEVELOPMENT OF AFFORDABLE HOUSING WERE CLOSED IN 2024 TOTALING 364,814 FOR 160 NEW UNITS. CLIENT FEES AND LOAN INTEREST ARE USED TO ADMINISTER THE PROGRAM IN ADDITION TO GRANTS AND CONTRIBUTIONS.

Program 3

Expenses: $98,529 Revenue: $16,175

HOUSING DEVELOPMENT - CWND CONSTRUCTS, ACQUIRES, REHABILITATES, AND OPERATES MULTI-FAMILY AFFORDABLE HOUSING UNITS THROUGHOUT NORTH DAKOTA. DURING 2024 CWND MADE APPLICATION FOR 2 9% TAX CREDITS...

HOUSING DEVELOPMENT - CWND CONSTRUCTS, ACQUIRES, REHABILITATES, AND OPERATES MULTI-FAMILY AFFORDABLE HOUSING UNITS THROUGHOUT NORTH DAKOTA. DURING 2024 CWND MADE APPLICATION FOR 2 9% TAX CREDITS PROJECTS BUT WAS UNSUCESSFUL. CWND CONTINUES TO SEEK OPPORTUNITIES TO PROVIDE AFFORDABLE HOUSING.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $592,662

Program Service Revenue $1,869,057

Investment Income $-62,497

Other Revenue $82,203

TOTAL REVENUE $2,481,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,041,336

Fundraising Expenses $5,027

Program Expenses $1,953,620

Other Expenses $1,320,952

TOTAL EXPENSES $2,362,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,481,425	$2,236,771	+0.1%
Expenses	$2,362,288	$2,028,024	+0.2%
Net Income	$119,137	$208,747	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$150,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT EKSTROM	EXECUTIVE DI	23.00	Officer	$123,842	$27,044	$150,886
DAVID ROGSTAD	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICOLE SHURHAMER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JESSICA THOMASSON	SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER HENDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
DAWN AANDERUD	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA ALLERY	DIRECTOR	1.00	Director	$0	$0	$0
JILL BECK	DIRECTOR	1.00	Director	$0	$0	$0
RENATA BUEN	DIRECTOR	1.00	Director	$0	$0	$0
RICK HORN	DIRECTOR	1.00	Director	$0	$0	$0
CHEYL MERCK	DIRECTOR	1.00	Director	$0	$0	$0
DERICK ROLLER	DIRECTOR	1.00	Director	$0	$0	$0
DARRIN SAND	DIRECTOR	1.00	Director	$0	$0	$0
KATHY STOPPLER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD VOGEL	DIRECTOR	1.00	Director	$0	$0	$0

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	$2,481,425	$2,362,288	$19,885,408	$119,137
2023	$2,236,771	$2,028,024	$19,838,156	$208,747
2022	$2,861,584	$1,575,002	$18,745,191	$1,286,582
2021	$2,854,575	$1,368,273	$15,119,919	$1,486,302
2020	$1,014,476	$776,630	$11,755,274	$237,846
2019	$1,339,904	$773,264	$11,258,427	$566,640
2018	$789,629	$621,293	$10,775,315	$168,336