ELKHORN VALLEY COMMUNITY DEVELOPME… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

MITCHELL SCHULTZE

Phone

4023793311

Tax Period

2025-01-01 to 2025-12-31

ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $8.4M in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 57% operating margin.

Mission

ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION DBA NEIGHBORWORKS NORTHEAST NEBRASKA (NWNEN) IS A COMMUNITY HOUSING DEVELOPMENT CORPORATION (CHDO). THEIR MISSION IS TO DEVELOP HOUSING OPPORTUNITIES, EMPOWER INDIVIDUALS AND FAMILIES, REVITALIZE AND STRENGTHEN COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,724,444 Revenue: $2,523,875

PURCHASE / REHABILITATION / RESELL PROGRAM - PROVIDE NO INTEREST LOANS TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES FOR THE PURCHASE OF A HOME.

Program 2

Expenses: $293,222 Revenue: $36,985

NEW CONSTRUCTION PROGRAM - PROVIDE NO INTEREST LOANS TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES FOR THE PURCHASE OF A NEWLY CONSTRUCTED HOME.

Program 3

Expenses: $120,569 Revenue: $49,185

HOMEBUYER EDUCATION PROGRAM - PROVIDE EDUCATIONAL SERVICES TO COMMUNITIES. EDUCATION WORKSHOPS ARE 8 HOURS IN LENGTH. THE CURRICULUM FOR THE ATTENDEES INCLUDES THE FOLLOWING TOPICS: UNDERSTANDING...

HOMEBUYER EDUCATION PROGRAM - PROVIDE EDUCATIONAL SERVICES TO COMMUNITIES. EDUCATION WORKSHOPS ARE 8 HOURS IN LENGTH. THE CURRICULUM FOR THE ATTENDEES INCLUDES THE FOLLOWING TOPICS: UNDERSTANDING CREDIT, BUDGETING/MONEY MANAGEMENT, PRE-QUALIFYING VERSUS PER-APPROVAL, UPFRONT COST/MOVING-INSURANCE-CLOSING, PROS AND CONS OF HOMEOWNERSHIP, CHOOSING THE RIGHT HOME, MAINTENANCE AND EQUIPMENT NEEDED, INSURANCE/TAXES/VALUATIONS, AND BEING A GOOD NEIGHBOR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,642,956

Program Service Revenue $2,610,045

Investment Income $193,108

Other Revenue $-41,446

TOTAL REVENUE $8,404,663

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $742,541

Fundraising Expenses $10,100

Program Expenses $3,146,139

Other Expenses $2,774,842

TOTAL EXPENSES $3,617,383

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,404,663	$6,969,438	+0.2%
Expenses	$3,617,383	$5,399,755	-0.3%
Net Income	$4,787,280	$1,569,683	+2.0%

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

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

$309,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL SCHULTZE	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICK CHOCHON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DAN POPPE	TREASURER	N/A	Officer Director	$0	$0	$0
SANDY WOLFE	SECRETARY	N/A	Officer Director	$0	$0	$0
BRIAN BYWATER	DIRECTOR	N/A	Director	$0	$0	$0
JAKE GABLE	DIRECTOR	N/A	Director	$0	$0	$0
JOSE GARCIA	DIRECTOR	N/A	Director	$0	$0	$0
MAYRA MENDOZA	DIRECTOR	N/A	Director	$0	$0	$0
SANDRO SANDOVAL	DIRECTOR	N/A	Director	$0	$0	$0
ROGER NADRCHAL	CEO	40.00	Officer	$139,653	$0	$139,653
QUELBIN IZAGUIRRE	COO	40.00	Officer	$113,883	$0	$113,883
BONNELL PENNE	CFO	40.00	Officer	$56,317	$0	$56,317

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
2025	$8,404,663	$3,617,383	$24,415,913	$4,787,280
2024	$6,969,438	$5,399,755	$18,949,307	$1,569,683
2023	$5,603,055	$4,131,121	$17,476,048	$1,471,934
2022	$3,261,927	$3,050,013	$15,865,165	$211,914
2021	$7,056,066	$4,588,196	$15,308,903	$2,467,870
2020	$4,413,796	$3,878,454	$12,960,627	$535,342
2019	$9,321,549	$7,830,820	$12,555,214	$1,490,729
2018	$6,445,560	$4,272,531	$10,907,781	$2,173,029

ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION