OMAHA, NE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INCOMMON HOUSING DEVELOPMENT CORPORATION, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 16% operating margin.
OUR MISSION IS TO BUILD STRONG NEIGHBORHOODS WHERE PEOPLE OF ALL INCOMES CAN ACHIEVE THEIR FULL POTENTIAL BY PRIMARILY DEVELOPING AND OPERATING HIGH QUALITY AFFORDABLE, MIXED INCOME AND WORKFORCE HOUSING; PROMOTING NEIGHBORHOOD DEVELOPMENT THROUGH INVESTMENTS THAT GENERATE PERMANENT JOBS; STEWARDING PERMANENTLY AFFORDABLE HOMES TO FOSTER THE ACCRETION OF NEW GENERATIONAL WEALTH; AND BY PLANNING AND IMPLEMENTING OTHER ECONOMIC PROGRAMS AND COMMUNITY FORMATION INITIATIVES CRITICAL TO THESE PURPOSES.
THE MISSION OF INCOMMON HOUSING IS TO "STRENGTHEN VULNERABLE NEIGHBORHOODS BY DEVELOPING AND PRESERVING AFFORDABLE, DIGNIFIED HOUSING." THIS IS ACCOMPLISHED BY DEVELOPING HOUSING THAT PRIORITIZES...
THE MISSION OF INCOMMON HOUSING IS TO "STRENGTHEN VULNERABLE NEIGHBORHOODS BY DEVELOPING AND PRESERVING AFFORDABLE, DIGNIFIED HOUSING." THIS IS ACCOMPLISHED BY DEVELOPING HOUSING THAT PRIORITIZES NEIGHBORHOOD VOICES, IS THOUGHTFULLY DESIGNED, CONTRIBUTES TO THE COMMUNITY, AND FOSTERS STABILITY. INCOMMON HOUSING SUPPORTS INCOMMON COMMUNITY DEVELOPMENT IN ADDRESSING NEIGHBORS' CRITICAL NEED FOR AFFORDABLE HOUSING AS THE OVERALL MISSION OF GRASSROOTS NEIGHBORHOOD REVITALIZATION IS ADVANCED. THE PRIMARY OBJECTIVE OF IHD IS TO DEVELOP NEW AND PRESERVE EXISTING MULTI- AND SINGLE-FAMILY HOUSING BENEFITTING LOW-INCOME NEIGHBORS. SINCE ITS FOUNDING IN 2022, INCOMMON HOUSING HAS FINALIZED THE HANSCOM & GEORGIA ROW APARTMENTS, WHICH PROVIDES 76-UNITS OF HOUSING FOR OVER 100 NEIGHBORS AND HAS LAUNCHED THE COMMUNITY LAND TRUST, A NEW NON-PROFIT THAT SUPPORTS HOMEOWNERSHIP OPPORTUNITIES WITHIN INCOMMON'S NEIGHBORHOODS. INCOMMON HOUSING IS ALSO DEVELOPING NEW, AFFORDABLE, MULTI-FAMILY HOUSING WITHIN THE PARK AVENUE NEIGHBORHOOD, WHICH WILL PROVIDE 122 RESIDENTIAL UNITS AND 3,700 SQUARE FEET OF COMMERCIAL SPACE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $269,845 | $145,000 | +0.9% |
| Expenses | $227,358 | $64,874 | +2.5% |
| Net Income | $42,487 | $80,126 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GEORGE ACHOLA | CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| RYAN DURANT | VICE-CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| JIM RIEKER | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| RACHEL BAHL | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTIAN GRAY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE STAVNEAK | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BUEY TUT | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHERYL GRANT | PROJECT MANAGER | 40.00 |
Officer
|
$103,058 | $0 | $103,058 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $269,845 | $227,358 | $1,644,652 | $42,487 |
Compare INCOMMON HOUSING DEVELOPMENT CORPORATION with other nonprofits in Nebraska and across the country.