ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION

EIN: 470783310 501(c)(3) Housing & Shelter

NORFOLK, NE

Total Revenue
$6,969,438
Total Expenses
$5,399,755
Total Assets
$18,949,307
Net Assets
$18,028,302
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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
MITCHELL SCHULTZE
Phone
4023793311
Tax Period
2024-01-01 to 2024-12-31

ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 23% operating margin.

Mission

DEVELOP HOUSING OPPORTUNITIES, EMPOWER INDIVIDUALS AND FAMILIES, AND REVITALIZE AND STRENGTHEN COMMUNITIES.

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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 $2,410,176
Program Service Revenue $4,477,562
Investment Income $175,416
Other Revenue $-93,716
TOTAL REVENUE $6,969,438

Expense Breakdown

Grants Paid $0
Salaries & Benefits $690,031
Fundraising Expenses $9,679
Program Expenses $4,971,659
Other Expenses $4,709,724
TOTAL EXPENSES $5,399,755

Year-over-Year Comparison

2024 2023 Change
Revenue $6,969,438 $5,603,055 +0.2%
Expenses $5,399,755 $4,131,121 +0.3%
Net Income $1,569,683 $1,471,934 +0.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
7
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
$342,285
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
$134,492 $0 $134,492
QUELBIN IZAGUIRRE COO 40.00
Officer
$107,805 $0 $107,805
KAREN EISENBRAUN CFO 40.00
Officer
$99,988 $0 $99,988
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 $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
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