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Nonprofiteer
← NORFOLK YMCA REAL ESTATE HOLDING CORPORATION

Form 990 for tax year 2022

Filed by NORFOLK YMCA REAL ESTATE HOLDING CORPORATION.

Totals

Total revenue
-$378,325
Total expenses
$63,593
Contributions and grants received
$0
Grants paid
$63,593
Program service revenue
$0
Investment income
$0
Other revenue
-$378,325
Total assets, end of year
$9,400,795
Total liabilities, end of year
$10,000,000
Net assets or fund balances, end of year
-$599,205
Program services expenses (Part IX)
$63,593
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$63,593

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 6a · Gross rents

    real property $102,000

  • 6b · Less rental expenses

    real property $544,718

  • 6c · Rental income or loss

    real property -$442,718

  • 6d · Net rental income or loss

    total -$442,718 · excluded -$442,718

  • 11a · Other revenue: LAND & EASEMENT

    total $64,393 · related or exempt $64,393

  • 11e · Other revenue, total

    $64,393

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,593 · program services $63,593

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,929 · end of year $4,716

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

    $11,054,940

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

    $1,658,861

  • 10c · Land, buildings and equipment, net

    beginning of year $9,840,189 · end of year $9,396,079

  • 17 · Accounts payable and accrued expenses

    beginning of year $405

  • 23 · Secured mortgages and notes payable

    beginning of year $10,000,000 · end of year $10,000,000

  • 27 · Net assets without donor restrictions

    beginning of year -$157,287 · end of year -$599,205

Mission and programs · 2022

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.

    Expenses $63,593 · Grants $63,593

As filed on the 2022 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

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2023
IRS schema version
2022v5.0
Source object
202332449349300813

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