Program areas at Roc USA LLC
Roc USA focuses on governance, strategy, brand, financial management, communications and in conjunction with network affiliated nonprofit certified technical assistance providers work with resident groups to provide core training and education, community re-branding, housing rehabilitation and infill of vacant sites. They also assist in providing community solar infrastructure and leveraging home and community improvement resources for rocs in their regions.during 2023 Roc USA assisted 17 additional resident owned communities and preserved 1,182 homes in eight states. Roc USA now serves 304 communities and serves over 20,000 homeowners in 21 states from coast to coast.
Resident ownership capital, LLC provides loans to resident owned corporations for acquisition, improvement and operation of their manufactured home communities as resident-owned. In 2023, resident ownership capital provided $36m in financing to five rocs for due diligence and community acquisitions and improvements. Roc USA released third-party impact data on Roc USA capital's portfolio communities. The study shows that rocs after five years of ownership have monthly site fees between market rate and as much as 17% below market in their respective markets. The impact report is a part of a longitudinal comparable site fee study conducted for Roc USA by an independent appraiser. Rocs in the study are on average raising site fees 1% per year. There is no comparable statistic for commercially-operated communities however in one of the subject properties, site fees were raised 2.5% annually prior to resident ownership.
Grants made by Roc USA LLC
Who funds Roc USA LLC
Grants from foundations and other nonprofits
Grantmaker | Grantmaker tax period | Description | Amount |
---|
Robert Wood Johnson Foundation (RWJF) | 2022-12 | 78980 Investing in Roc Usa To Grow the Number of Resident-Owned Manufactured-Home Communities | $765,000 |
The California Endowment | 2023-03 | Improving Health Outcomes Via Home Ownership and Housing Stability: To Provide Support for A Catalytic Fund Aimed at Increasing Resident Home Ownership and Housing Stability Among Low-Income, Hispanic, Manufactured Housing Communities in California To Promote Health Equity. | $600,000 |
Prudential Foundation | 2023-12 | Wealth-Building Through Resident Ownership | $300,000 |
...and 5 more grants received |
Personnel at Roc USA LLC
Name | Title | Compensation | Date of data |
---|
Nicholas Salerno | Chief Operating Officer | $176,761 | 2023-12-31 |
David Doyon | Chief Financial Officer | $221,927 | 2023-12-31 |
Mike Bullard | Vice President , Communications in + | | 2023-08-01 |
Amy Chhom | Vice President Technical and Special Projects | $141,106 | 2023-12-31 |
Frank Wilson | Executive Vice President Cooperative Solutions | $191,906 | 2023-12-31 |
...and 22 more key personnel |
Financials for Roc USA LLC
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $11,576,646 | $4,592,705 | 152.1% |
Program services | $9,420,974 | $9,364,058 | 0.6% |
Investment income and dividends | $391,485 | $11,078 | 3433.9% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $122,838 | -100% |
Total revenues | $21,389,105 | $14,090,679 | 51.8% |
Organizations like Roc USA LLC
Organization | Type | Location | Revenue |
---|
Century Housing Corporation | 501(c)(3) | Culver City, CA | $37,466,757 |
MoFi | 501(c)(3) | Missoula, MT | $20,160,998 |
Renaissance Community Loan Fund | 501(c)(3) | Gulfport, MS | $6,648,710 |
Neighborworks Capital Corporation | 501(c)(3) | Silver Spring, MD | $11,430,153 |
Greater Minnesota Housing Fund | 501(c)(3) | Saint Paul, MN | $25,043,112 |
Ohio Capital Corporation for Housing (OCCH) | 501(c)(3) | Columbus, OH | $44,332,623 |
Federation of Appalachian Housing Enterprises | 501(c)(3) | Berea, KY | $24,889,054 |
Housing Assistance Council (HAC) | 501(c)(3) | Washington, DC | $14,098,451 |
Neighborworks Montana | 501(c)(3) | Great Falls, MT | $13,852,588 |
Impact Development Fund | 501(c)(3) | Loveland, CO | $5,955,090 |
Data update history
July 22, 2024
Updated personnel
Identified 3 new personnel
July 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 10, 2024
Used new vendors
Identified 1 new vendor, including
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from NeighborWorks America Nonprofit Types
Grantmaking organizationsHousing and shelter organizationsCommunity Development Financial InstitutionsCharities
Issues
Human servicesHousing
Characteristics
Political advocacyLobbyingReceives government fundingEndowed supportManagement and technical assistanceTax deductible donationsAccepts online donations
General information
- Address
- 6 Loudon Rd 501
- Concord, NH 03301
- County
- Merrimack County, NH
- Website URL
- rocusa.org/Â
- Phone
- (603) 856-0246
- Facebook page
- rocusa.bettertogetherÂ
- Twitter profile
- @rocusaorgÂ
IRS details
- EIN
- 35-2319441
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2007
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L80: Housing Support Services
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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