Wayne Community Housing Development Corporation

EIN: 470775970 501(c)(3) Housing & Shelter

Wayne, NE

Total Revenue
$2,298,218
Total Expenses
$774,958
Total Assets
$3,150,475
Net Assets
$2,318,985
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NE
Principal Officer
Ryan Hix
Phone
4023755266
Tax Period
2018-01-01 to 2018-12-31

Wayne Community Housing Development Corporation, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2018. Revenue surged 412% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 66% operating margin.

Mission

Community housing development.

Program Service Accomplishments

Program 1
Expenses: $605,897 Revenue: $542,512

The HOME Purchase/Rehab/Resell Program (HPRR) is authorized by HUD, which provides leveraging for the purchase and down payment assistance to home buying families who meet the 80% and 100% AMI income...

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The HOME Purchase/Rehab/Resell Program (HPRR) is authorized by HUD, which provides leveraging for the purchase and down payment assistance to home buying families who meet the 80% and 100% AMI income requirements.

Program 2
Expenses: $137,218 Revenue: $104,206

The organization is the 100% owner of Meadowview Estates that provides housing for approximately 15 low-income tenants.

Program 3
Expenses: $30 Revenue: $1,647,049

The purpose of the Wayne Community Housing Development Corporation's (WCHDC) Rural Workforce Housing Fund (RWHF) program is to provide funding opportunities for housing developers/contractors to...

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The purpose of the Wayne Community Housing Development Corporation's (WCHDC) Rural Workforce Housing Fund (RWHF) program is to provide funding opportunities for housing developers/contractors to entice them to build or rehabilitate workforce housing in the communities of Wakefield and Wayne. Qualified activities include the following:1. Down Payment Assistance Loans2. Construction Loans3. Closing Cost Assistance LoansOther forms of assistance may be eligible if they reduce the cost of workforce housing related to other eligible activities of the organization. The Loan Committee may approve requests for forgivable loans and/or grants however loans are preferred.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,612,640
Program Service Revenue $681,037
Investment Income $4,451
Other Revenue $90
TOTAL REVENUE $2,298,218

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,559
Fundraising Expenses $0
Program Expenses $743,145
Other Expenses $733,399
TOTAL EXPENSES $774,958

Year-over-Year Comparison

2018 2017 Change
Revenue $2,298,218 $448,660 +4.1%
Expenses $774,958 $473,984 +0.6%
Net Income $1,523,260 $-25,324 -61.2%
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
9
Independent Members
9
Employees
2
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
4
$0
Total Directors
9
$36,208
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brett Kramer Chair 0.25
Officer Director
$0 $0 $0
Laura Robinett Director 0.25
Director
$0 $0 $0
Jamie Dunn Vice-Chair 0.25
Officer Director
$0 $0 $0
Scot Saul Secretary 0.25
Officer Director
$0 $0 $0
Jessi Hansen Director 0.25
Director
$0 $0 $0
Jason Claussen Director 0.25
Director
$0 $0 $0
Megan Weaver Executive Director 40.00
Director
$36,208 $0 $36,208
Corby Schweers Director 0.25
Director
$0 $0 $0
Jill Broderson Director 0.25
Director
$0 $0 $0
Christine Haas Director 0.25
Officer
$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
2018 $2,298,218 $774,958 $3,150,475 $1,523,260
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