Elkhorn Valley Community Development Corporation

Analysis

Elkhorn Valley Community Development Corporation is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elkhorn Valley Community Development Corporation reported income of $5.6m and spending of $4.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.3m to $5.6m (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elkhorn Valley Community Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within NE. Charities of a similar size with the same main cause include Affordable Communities Inc ($5.6m), Greenfield Manor Inc ($5.6m) and County Corp ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $315k (7.6% of expenses). Other salaries and wages came to $255k. At year end it held assets of $17.5m against liabilities of $1.0m, net assets of $16.5m. It reported 7 employees.