Elkhorn Valley Community Development Corporation
Nonprofit profile at a glance
- EIN
- 470783310
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025, Form 990-T 2025
- Location
- Norfolk, NE, USA
- Phone
- 4023793311
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Support
Reported finances
- Revenue
- $8,404,663
- Expenses
- $3,617,383
- Assets
- $24,415,913
- Liabilities
- $1,600,331
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MITCHELL SCHULTZE (PRESIDENT)
- ROGER NADRCHAL (CEO)
Highest reported compensation
- ROGER NADRCHAL (CEO): $139,653 total reported compensation
- QUELBIN IZAGUIRRE (COO): $113,883 total reported compensation
- BONNELL PENNE (CFO): $56,317 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.9%; rating input score 39
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: $558.71 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 57%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 6.75; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 8.6%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: -1% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 38.9% of revenue deployed · 87% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $3.1M in reported program spending
- Leadership: top reported pay $140K · 12 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.