Region V Community Development Corporation
Region V Community Development Corporation
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About this organization
Mission
Planning, developing, owning, and managing affordable housing projects in southeastern ND.
About
The Region V Community Development Corporation (RVCDC "the Corporation") has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern North Dakota. The Corporation develops and manages housing for low income, aged and/or handicapped individuals and their families across the state of North Dakota.The RVCDC has the capacity and experience to develop affordable housing projects. As a developer, the RVCDC performs market analysis, environmental reviews, site selection, feasibility analysis, financial statements, project design, rehabilitation, new construction, marketing, and other functions. Projects developed by the Corporation include the rehabilitation of existing buildings, new construction, and single family developments. RVCDC has developed over 100 units of affordable housing in the communities of Lisbon, Gwinner, Hankinson, Hatton, Milnor, Northwood, Casselton, West Fargo, and Fargo. The type of projects developed include: multifamily rental housing, single family homeownership, and special need housing. After housing projects are developed, the RVCDC becomes involved with the operational phase that includes sales and marketing, leasing, and property management. As a property manager, the RVCDC's goal is to provide all services necessary and customary to ensure the proper management, maintenance, and operation of the housing project. As a housing developer and manager, RVCDC is responsible for making decisions to enhance the performance of a project, extend the economic life of the buildings, and maximize return on asset.The Corporation also owns and operates the following:- Sunset Village - a two-building complex consisting of twelve townhome apartment units in Lisbon, North Dakota.- Valley View First Addition - an investment consisting of residential lots in Lisbon, North Dakota, which are being held for sale.- Early Head Start building - a building owned by the Corporation that is leased by SENDCAA for use as a child development center.- Head Start South building - a building owned by the Corporation that is leased by SENDCAA for use as a child development center.- Fieldstone Manor - an 8 unit residential rental property in Fairmount, North Dakota.- Prairie Pointe- a 17 unit residential rental property in Gwinner, North Dakota.- Grace Village - a two-building complex consisting of twelve townhome apartment units in Hankinson, North Dakota.
Interesting data from their 2019 990 filing
According to the filing documents, the non-profit's mission is defined as “The region v community development corporation has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern north dakota. these projects benefit lower income households, which are households with an annual income that does not exceed 80 percent of the county median income level.”.
When referring to its tasks, they were referred to as: “Planning, developing, owning, and managing affordable housing projects in southeastern nd.”.
- The non-profit's state of operation has been legally reported as ND.
- According to the latest filing, the non-profit's address in 2019 is 3233 South University Drive, Fargo, ND, 58104.
- The total number of employees reported by the non-profit on their form for 2019 is 4.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$154,789.
- The organization has 4 independent voting members.
- The organization was formed in 1994.
- The organization pays $63,013 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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