RED RIVER COMMUNITY HOUSING DEVELOPMENT ORGANIZATION

EIN: 450444954 501(c)(3) Philanthropy & Grantmaking

GRAFTON, ND

Total Revenue
$457,148
Total Expenses
$277,113
Total Assets
$792,667
Net Assets
$272,450
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
ND
Principal Officer
LISA ROTVOLD
Phone
7013523550
Tax Period
2024-01-01 to 2024-12-31

RED RIVER COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $457K in total revenue in fiscal year 2024. The organization ran a surplus of $180K, a strong 39% operating margin.

Mission

RED RIVER CHDO'S MISSION IS TO GROW OPPORTUNITIES FOR LOW-INCOME AND MODERATE-INCOME PEOPLE, AND UNDERSERVED RURAL COMMUNITIES, BY DEVELOPING DECENT AND ATTAINABLE HOUSING AND SUPPORTING COMMUNITY DEVELOPMENT, TO HELP THEM THRIVE.

Program Service Accomplishments

Program 1
Expenses: $277,113 Revenue: $100,173

OUTREACH AND EDUCATION TO COMMUNITIES IN FOUR COUNTIES, LEARNING ABOUT HOUSING AND COMMUNITY DEVELOPMENT CHALLENGES, AND CONNECTING WITH RESOURCES. COMPLETION OF A REGIONAL HOUSING STUDY LOOKING AT...

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OUTREACH AND EDUCATION TO COMMUNITIES IN FOUR COUNTIES, LEARNING ABOUT HOUSING AND COMMUNITY DEVELOPMENT CHALLENGES, AND CONNECTING WITH RESOURCES. COMPLETION OF A REGIONAL HOUSING STUDY LOOKING AT CHALLENGES, OPPORTUNITIES, AND STRATEGIES TO INCREASE PRODUCTION OF HOUSING IN THE RURAL PARTS OF THE REGION. IMPLEMENTED HOUSING PRODUCTION PROGRAM TO JUMP START NEW FOR SALE HOME CONSTRUCTION IN RURAL COMMUNITIES WITH STAGNANT HOUSING MARKETS. SUPPORTING DEVELOPMENT OF MULTIFAMILY RENTAL DEVELOPMENT USING LOW INCOME TAX CREDITS. SOUGHT FEDERAL FUNDING TO MAKE IMPROVEMENTS TO MOBILE HOME PARKS AROUND THE REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $356,319
Program Service Revenue $100,000
Investment Income $656
Other Revenue $173
TOTAL REVENUE $457,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $277,113
Other Expenses $277,113
TOTAL EXPENSES $277,113

Year-over-Year Comparison

2024 2023 Change
Revenue $457,148 N/A N/A
Expenses $277,113 N/A N/A
Net Income $180,035 $0 N/A
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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
5
$165,932
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCY DOUGLAS PRESIDENT 1.00
Officer Director
$0 $0 $0
MIKE HELT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHELLEY POPIEL SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
AMIE VASICHEK MEMBER 1.00
Director
$0 $0 $0
PAUL HOUDEK MEMBER 1.00
Director
$0 $0 $0
DAWN MANDT MEMBER 1.00
Director
$0 $0 $0
LISA ROTVOLD EXECUTIVE DIRECTOR 40.00
Officer
$0 $93,285 $93,285
LORI ESTAD ACCOUNTANT 10.00
Officer
$0 $72,647 $72,647
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 $457,148 $277,113 $792,667 $180,035
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