Rocky Mountain Community Reinvestment Corporation

Rocky Mountain Community Reinvestment Corporation Overview

Rocky Mountain Community Reinvestment Corporation is located in Salt Lake City, UT. The organization was established in 2016. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, Rocky Mountain Community Reinvestment Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Rocky Mountain Community Reinvestment Corporation generated $8.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $7.9m during the year ending 12/2019. While expenses have increased by 2.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

THROUGH SUSTAINABLE DIRECT LENDING AND RELATED EFFORTS, THE ROCKY MOUNTAIN COMMUNITY REINVESTMENT CORPORATION WILL FACILITATE THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT SERVE LOW TO MODERATE INCOME FAMILIES AND UNDERSERVED COMMUNITIES THROUGHOUT THE ROCKY MOUNTAIN REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSISTED UTAH'S LOW AND MODERATE INCOME RESIDENTS BY FOSTERING THE DEVELOPMENT AND PRESERVATION OF QUALITY HOUSING.


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Rocky Mountain Community Reinvestment Corporation Board, Officers & Key Employees

Name (title)Compensation
Steven Nielsen
President & CEO
$210,000
Nicholas Berger
Chief Lending Officer
$188,053
David Watkins
Treasurer & CFO
$117,649
John Montgomery
Chief Risk Officer
$105,066
Natasha Pfeiffer
Loan Officer
$103,374
Mendi Leisure
Secretary
$59,373

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$8,194,786
Investment income $1,146
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,195,932

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