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← NEXUS RECOVERY REAL ESTATE HOLDINGS

Form 990 for tax year 2023

Filed by NEXUS RECOVERY REAL ESTATE HOLDINGS.

Totals

Total revenue
$369,700
Total expenses
$214
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$369,700
Total assets, end of year
$9,701,837
Total liabilities, end of year
$9,332,351
Net assets or fund balances, end of year
$369,486
Program services expenses (Part IX)
$0
Management and general expenses
$214
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 11a · Other revenue: Lease Selling Profit

    total $369,700 · related or exempt $369,700

  • 11e · Other revenue, total

    $369,700

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $135 · management and general $135

  • 24a · Other expenses: Rent Expense

    total $79 · management and general $79

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $7,213,280

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

    $2,118,857

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $2,118,857

  • 13 · Investments: program-related

    end of year $369,700

  • 17 · Accounts payable and accrued expenses

    end of year $267,282

  • 24 · Unsecured notes and loans payable

    end of year $8,860,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $205,069

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $369,486

Mission and programs · 2023

Mission

To serve as a community for hope and recovery for all women and their families that strive to live healthy, resilient lives.

Activities or mission (Part I)

Real Estate Holdings supports Nexus Recovery Center to protect Nexus' interests.

  • New building construction began in fiscal year 2024.

As filed on the 2023 return.

Listed in Part VII

  • Heather Ormand

    CFO

    Total calculated
    $0
    Hours/week
    1

  • Becca Crowell

    CFO - Retired

    Total calculated
    $0
    Hours/week
    1

  • Karen Rogers

    President

    Total calculated
    $0
    Hours/week
    1

  • Billy Murray

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202511159349301716

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