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Nonprofiteer
← NORFOLK YMCA REAL ESTATE HOLDING CORPORATION

Form 990 for tax year 2024

Filed by NORFOLK YMCA REAL ESTATE HOLDING CORPORATION.

Totals

Total revenue
$9,568,108
Total expenses
$0
Contributions and grants received
$10,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$431,892
Total assets, end of year
$8,524,696
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,524,696
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $8,255,000

  • 1f · All other contributions, gifts and grants

    $1,745,000

  • 6a · Gross rents

    real property $102,000

  • 6b · Less rental expenses

    real property $533,892

  • 6c · Rental income or loss

    real property -$431,892

  • 6d · Net rental income or loss

    total -$431,892 · excluded -$431,892

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,619 · end of year $15,818

  • 10a · Land, buildings and equipment: cost or other basis

    $11,054,940

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,546,062

  • 10c · Land, buildings and equipment, net

    beginning of year $8,951,969 · end of year $8,508,878

  • 23 · Secured mortgages and notes payable

    beginning of year $10,000,000

  • 27 · Net assets without donor restrictions

    beginning of year -$1,043,412 · end of year $8,524,696

Mission and programs · 2024

Mission

TO ACQUIRE, FINANCE, DEVELOP AND LEASE TO Y.M.C.A., NORFOLK, NEBRASKA (THE YMCA), THE SITE AT WHICH THE YMCA IS LOCATED. THE MISSION OF THE YMCA IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY.

Activities or mission (Part I)

TO LEASE Y.M.C.A., NORFOLK, NEBRASKA (THE YMCA), THE SITE AT WHICH THE YMCA IS LOCATED.

  • TO ACQUIRE, FINANCE, DEVELOP, AND LEASE TO THE YMCA, THE SITE AT WHICH THE YMCA IS LOCATED.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Roger Borgman

    VICE PRESIDE

    Total calculated
    $0

  • Doug Burkink

    SECRETARY/TR

    Total calculated
    $0

  • Bob Dudley

    MEMBER

    Total calculated
    $0

  • Dennis Montgomery

    PRESIDENT

    Total calculated
    $0

  • Aaron Otten

    MEMBER

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 June 2025
IRS schema version
2024v5.0
Source object
202531839349300328

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