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Nonprofit · EIN 47-0783310

ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION

Also known as NEIGHBORWORKS NORTHEAST NEBRASKA

Tax-exempt · NORFOLK, NE 68701

Financials

$5.6M$4.1M2023$7M$5.4M2024$8.4M$3.6M2025
Revenue Expenses · by fiscal year end
Financials of ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$8,404,663$3,617,383$4,787,280$24,415,913$1,600,331$22,815,582
December 31, 2024990$6,969,438$5,399,755$1,569,683$18,949,307$921,005$18,028,302
December 31, 2023990$5,603,055$4,131,121$1,471,934$17,476,048$1,017,429$16,458,619
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$5,642,956
of which government grants
$4,483,531
Program service revenue
$2,610,045
Investment income
$193,108
Net rental income
-$3,215
Other revenue
-$41,446

Expenses

Grants and similar amounts paid
$100,000
Compensation of officers, directors and key employees
$305,943
Other salaries and wages
$333,784
Salaries, compensation and benefits (total)
$742,541
Professional fundraising fees
$0
Legal fees
$4,318
Accounting fees
$19,075
Occupancy
$28,272
Depreciation
$21,224
Program services (functional)
$3,146,139
Management and general (functional)
$461,144
Fundraising (functional)
$10,100

Balance sheet and other

Total assets, start of year
$18,949,307
Total assets, end of year
$24,415,913
Total liabilities, end of year
$1,600,331
Net assets, end of year
$22,815,582
Land, buildings and equipment
$202,235
Net assets without donor restrictions
$3,830,353
Net assets with donor restrictions
$18,985,229
Gross unrelated business income
-$3,215
Gross receipts
$8,428,373
Employees
8
Year formed
1994
State of legal domicile
NE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
ROGER NADRCHALCEO
Officer
40$139,653
QUELBIN IZAGUIRRECOO
Officer
40$113,883
BONNELL PENNECFO
Officer
40$56,317
MITCHELL SCHULTZEPRESIDENT
Trustee or director, Officer
–$0
RICK CHOCHONVICE PRESIDE
Trustee or director, Officer
–$0
DAN POPPETREASURER
Trustee or director, Officer
–$0
SANDY WOLFESECRETARY
Trustee or director, Officer
–$0
BRIAN BYWATERDIRECTOR
Trustee or director
–$0
JAKE GABLEDIRECTOR
Trustee or director
–$0
JOSE GARCIADIRECTOR
Trustee or director
–$0
MAYRA MENDOZADIRECTOR
Trustee or director
–$0
SANDRO SANDOVALDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensation
ROGER NADRCHALCEO
Officer
40$134,492
QUELBIN IZAGUIRRECOO
Officer
40$107,805
KAREN EISENBRAUNCFO
Officer
40$99,988
MITCHELL SCHULTZEPRESIDENT
Trustee or director, Officer
–$0
RICK CHOCHONVICE PRESIDE
Trustee or director, Officer
–$0
DAN POPPETREASURER
Trustee or director, Officer
–$0
SANDY WOLFESECRETARY
Trustee or director, Officer
–$0
BRIAN BYWATERDIRECTOR
Trustee or director
–$0
JAKE GABLEDIRECTOR
Trustee or director
–$0
JOSE GARCIADIRECTOR
Trustee or director
–$0
MAYRA MENDOZADIRECTOR
Trustee or director
–$0
SANDRO SANDOVALDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
ROGER NADRCHALCEO
Officer
40$129,480
KAREN EISENBRAUNCFO
Officer
40$94,929
QUELBIN IZAGUIRRECOO
Officer
40$90,477
MITCHELL SCHULTZEPRESIDENT
Trustee or director, Officer
–$0
RICK CHOCHONVICE PRESIDE
Trustee or director, Officer
–$0
DAN POPPETREASURER
Trustee or director, Officer
–$0
SANDY WOLFESECRETARY
Trustee or director, Officer
–$0
BRIAN BYWATERDIRECTOR
Trustee or director
–$0
JAKE GABLEDIRECTOR
Trustee or director
–$0
JOSE GARCIADIRECTOR
Trustee or director
–$0
MAYRA MENDOZADIRECTOR
Trustee or director
–$0
SANDRO SANDOVALDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
213 S 1ST ST STE D, NORFOLK, NE 68701-5370
In care of
% ROGER D NADRCHAL
Principal officer (990 for 2025)
MITCHELL SCHULTZE
Signed the 990
MITCHELL SCHULTZE, PRESIDENT
Phone
(402) 379-3311
Return prepared by
HERLEY & REINKE ACCOUNTING PC

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.

990 for the year ended December 31, 2025

Program accomplishments

  • PURCHASE / REHABILITATION / RESELL PROGRAM - PROVIDE NO INTEREST LOANS TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES FOR THE PURCHASE OF A HOME.
    Expenses $2,724,444 · revenue $2,523,875
  • NEW CONSTRUCTION PROGRAM - PROVIDE NO INTEREST LOANS TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES FOR THE PURCHASE OF A NEWLY CONSTRUCTED HOME.
    Expenses $293,222 · grants $100,000 · revenue $36,985
  • 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.
    Expenses $120,569 · revenue $49,185
  • MONEY MANAGEMENT PROGRAM (AKA FINANCIAL PATHWAYS) - PROVIDE EDUCATION SERVICES TO COMMUNITIES. THE CURRICULUM FOR THE ATTENDEES INCLUDES THREE 45 MINUTE CLASSES OF FINANCIAL COACHING CONCENTRATION ON BUDGETING, DEBT AND CREDIT.
    Expenses $7,904

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-0783310
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$24,415,913
Income (IRS master file)
$8,428,373

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$8,404,663$3,617,383$24,415,913XML
990-TDecember 2025–––IRS
990December 2024$6,969,438$5,399,755$18,949,307XML
990-TDecember 2024–––IRS
990December 2023$5,603,055$4,131,121$17,476,048XML
990-TDecember 2023–––IRS
990December 2022$3,261,927$3,050,013$15,865,165IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0783310).

Questions about ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION is 47-0783310.
Is ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names MITCHELL SCHULTZE.
Who are the officers and directors of ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 12 people; 3 received compensation from the organization, the highest $139,653 (ROGER NADRCHAL, CEO).
How much revenue does ELKHORN VALLEY COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $8,404,663, expenses of $3,617,383 and total assets of $24,415,913 at year end.

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