The organization's purpose is to aid people living in manufactured home communities (mhcs) so that as a group they can purchase their communities and operate them as resident-owned and/or controlled entities thereby: (I) preserving long-term existence and affordability of the manufactured housing sector;(II) creating a stable environment for reasonably priced(non-predatory) single-family lending and the resulting asset appreciation;(III) lessening the burdens of state and local governments arising out of the loss of this sector of affordable housing (I.e. Primarily the demands for relocation assistance and subsidized housing alternatives arising from mhc closures); (IV) combating deterioration of mhcs; and (v) eliminating the economic discrimination and stigma suffered by owners of manufactured and mobile homes within mhcs.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$819K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.3M a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$819K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
26 mo
of spending, in cash
Plus $107.8M in investments, Pt X · Ln 11–13
Looks good: 26.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.3M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$114.6M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.7M
Spent
$9.1M
To programs
87%
Net assets
$14.5M
By yearFY2020–FY2024
Revenue
$9.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9.7M
FY2021$13.0M
FY2022$14.1M
FY2023$21.4M
FY2024$20.5M
Expenses
$9.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9.1M
FY2021$10.9M
FY2022$11.4M
FY2023$13.2M
FY2024$17.8M
Net assets
$14.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$14.5M
FY2021$16.4M
FY2022$18.9M
FY2023$26.9M
FY2024$29.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $8.0M Management & general 11% · $1.0M Fundraising 1% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $819K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$245,836Pt VII · Sec A
Managing Director
$184,666Pt VII · Sec A
Director of Training
$165,896Pt VII · Sec A
Director of Administration
$120,851Pt VII · Sec A
Chief Financial Officer
$101,544Pt VII · Sec A
$0Pt VII · Sec A
Director (through June 2020)
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Bradley’s $234K as CEO is at the 57th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Paul Bradley$233,825$278,410$249,177$235,243$245,836
David Doyon$213,259$221,927$130,294$136,263$101,544
Michael Sloss$213,235$218,620$201,985$206,968$184,666
Frank Wilson$193,366$191,906$176,853——
Mary O'Hara$177,666$185,407$171,190$178,583$165,896
Nicholas Salerno$185,388$176,761$165,670——
Colleen Lindecker$164,490$170,370$152,049$110,427—
Amy Chhom$141,030$141,106———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps manufactured home residents buy and run their communities, preserving affordability and stability.

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Provided by the organization

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3 programs · $8.0M · in their own filed words · FY2020
01

Resident ownership capital, LLC provides loans to resident owned corporations for acquisition, improvement and operation of their manufactured home communities as resident-owned. In 2020, roc usa capital provided $30m in financing to sixteen rocs for due diligence and community acquisitions and improvements.

$5.6Mprogram expense
02

Roc usa focuses on governance, strategy, brand, financial management, communications and developing home-only financing opportunities with third-party licensed lenders in support of homebuyers and rocs.

$1.5Mprogram expense
03

Resident ownership network, LLC, in 2020, assisted 14 new resident owned communities (rocs) and preserved 868 homes in eight states. Roc usa network now serves more than 18,000 homeowners and 367 rocs in 18 states from coast to COAST.ROC usa network's affiliated nonprofit certified technical assistance providers - in addition to core…

$897Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 32 grants · $3.0M · 2020–2024
Royal Oaks Cooperative INCFY2024$750,000
Thistle Community HousingCO · FY2024$12,006
Nortcountry Cooperative FoundationMN · FY2024$10,000
Casa of OregonOR · FY2024$10,000
Leap Charities INCID · FY2024$10,000
Leap Charities INCID · FY2023$20,000
Nortcountry Cooperative FoundationMN · FY2023$10,000
Thistle Community HousingCO · FY2023$10,000
See all 32 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9.7M
Ln 12
Fees for servicesLn 2g$7.3M
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$4K
Money outPt IX
$9.1M
Ln 25
Programscol B$8.0M
Managementcol C$1.0M
Fundraisingcol D$110K
Owns and owesPt X
$14.5M
net assets · Ln 32
Cash and savingsLn 1–2$19.9M
Total assetsLn 16$129.0M
LiabilitiesLn 26$114.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A5
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$433K
Fees for servicesLn 2g$7.3M
Investment incomeLn 3$4K
Total revenueLn 12$9.7M
Assets in detailPt X, end of year
CashLn 1$5.9M
SavingsLn 2$14.0M
Cash and savings togetherLn 1–2$19.9M
InvestmentsLn 11–13$107.8M
Land, buildings, equipmentLn 10c$175K
Other assetsLn 15$1.0M
Total assetsLn 16$129.0M
LiabilitiesLn 26$114.6M
Net assetsLn 32$14.5M
OperationsPt I, VI
EmployeesI 535
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$14.8M$19.9M
InvestmentsLn 11–13$106.9M$107.8M
Land, buildings, equipmentLn 10c$242K$175K
Total assetsLn 16$123.8M$129.0M
LiabilitiesLn 26$109.7M$114.6M
Net assetsLn 32$14.1M$14.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$793K$793K
Pay of current officers, directors and key staffLn 5$568K$314K$216K$38K
Other salaries and wagesLn 7$1.3M$894K$383K$45K
Other employee benefitsLn 9$144K$100K$38K$5K
Payroll taxesLn 10$140K$90K$45K$6K
Management feesLn 11a$301K$270K$30K$2K
Legal feesLn 11b$224K$224K
Accounting feesLn 11c$59K$59K
Other fees for servicesLn 11g$137K$137K
Advertising and promotionLn 12$23K$20K$3K
Office expensesLn 13$194K$131K$63K
OccupancyLn 16$155K$93K$54K$8K
TravelLn 17$89K$72K$17K
InterestLn 20$3.2M$3.2M
Depreciation, depletion and amortizationLn 22$127K$71K$49K$7K
InsuranceLn 23$44K$44K
Other expenses (24a–d)Ln 24$1.6M$1.6M$31K
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$9.1M$8.0M$1.0M$110K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $20.5M$17.8M$2.7M$29.4M 990 PDF
FY2023 $21.4M$13.2M$8.2M$26.9M 990 PDF
FY2022 $14.1M$11.4M$2.7M$18.9M 990 PDF
FY2021 $13.0M$10.9M$2.1M$16.4M 990 PDF
FY2020 Viewing $9.7M$9.1M$555K$14.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $9,691,078 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $950,728$2,337,565
I-9 Program service revenuePrior year $6,691,784$7,349,845
I-10 Investment incomePrior year $4,253$3,668
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,646,765$9,691,078
I-13 Grants and similar amounts paidPrior year $10,000$793,287
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,005,912$2,174,154
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,806,639$6,168,810
I-18 Total expensesPrior year $7,822,551$9,136,251
I-19 Revenue less expensesPrior year −$175,786$554,827
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,691,078 across 6 lines filed
VIII-1e Government grants$433,124
VIII-1f All other contributions, gifts and grants$1,904,441
VIII-1h Total contributions, gifts and grants$2,337,565
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,349,845$7,349,845
VIII-3 Investment incomeExcluded from tax $3,668$3,668
VIII-12 Total revenueRelated to mission $7,349,845 · Unrelated business $0 · Excluded from tax $3,668$9,691,078
Part IX · Statement of functional expenses $9,136,251 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $793,287$793,287
IX-5 Pay of current officers, directors and key staffPrograms $314,023 · Management $216,381 · Fundraising $37,726$568,130
IX-7 Other salaries and wagesPrograms $894,328 · Management $382,584 · Fundraising $45,141$1,322,053
IX-9 Other employee benefitsPrograms $100,264 · Management $38,131 · Fundraising $5,114$143,509
IX-10 Payroll taxesPrograms $89,783 · Management $44,806 · Fundraising $5,873$140,462
IX-11a Management feesPrograms $269,914 · Management $29,693 · Fundraising $1,564$301,171
IX-11b Legal feesPrograms $224,016$224,016
IX-11c Accounting feesManagement $58,775$58,775
IX-11g Other fees for servicesPrograms $136,541$136,541
IX-12 Advertising and promotionPrograms $19,629 · Management $3,345$22,974
IX-13 Office expensesPrograms $130,679 · Management $63,380$194,059
IX-16 OccupancyPrograms $92,581 · Management $54,103 · Fundraising $7,903$154,587
IX-17 TravelPrograms $71,746 · Management $16,997$88,743
IX-20 InterestPrograms $3,165,378$3,165,378
IX-22 Depreciation, depletion and amortizationPrograms $70,574 · Management $49,437 · Fundraising $7,147$127,158
IX-23 InsuranceManagement $44,301$44,301
IX-24 Other expenses (24a–d)Programs $1,607,580 · Management $31,264$1,638,844
IX-24e All other expensesPrograms $12,263$12,263
IX-25 Total functional expensesPrograms $7,992,586 · Management $1,033,197 · Fundraising $110,468$9,136,251
Part X · Balance sheet $129,035,432 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,437,811$5,903,659
X-2 Savings and temporary cash investmentsStart of year $12,351,961$14,041,625
X-3 Pledges and grants receivableStart of year $696,664$42,070
X-9 Prepaid expenses and deferred chargesStart of year $37,280$64,901
X-10c Land, buildings and equipment, netStart of year $242,289$174,766
X-12 Other securitiesStart of year $205,397$208,188
X-13 Program-related investmentsStart of year $106,647,811$107,596,197
X-15 Other assetsStart of year $1,132,177$1,004,026
X-16 Total assetsStart of year $123,751,390$129,035,432
X-17 Accounts payable and accrued expensesStart of year $684,307$900,304
X-24 Unsecured notes and loans payableStart of year $57,750,000$68,397,029
X-25 Other liabilitiesStart of year $0$1,916,876
X-26 Total liabilitiesStart of year $109,657,996$114,574,711
X-27 Net assets without donor restrictionsStart of year $8,989,078$10,098,377
X-28 Net assets with donor restrictionsStart of year $5,104,316$4,362,344
X-32 Total net assets or fund balancesStart of year $14,093,394$14,460,721
X-33 Total liabilities and net assetsStart of year $123,751,390$129,035,432
Part XI · Reconciliation of net assets $14,460,721 net assets at year end
XI-1 Total revenue$9,691,078
XI-2 Total expenses$9,136,251
XI-3 Revenue less expenses$554,827
XI-4 Net assets at start of year$14,093,394
XI-9 Other changes in net assets−$187,500
XI-10 Net assets at end of year$14,460,721

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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