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Nonprofiteer
← OMAHA DEVELOPMENT FOUNDATION

Form 990 for tax year 2024

Filed by OMAHA DEVELOPMENT FOUNDATION.

Totals

Total revenue
$666,454
Total expenses
$420,770
Contributions and grants received
$313,100
Grants paid
$313,100
Program service revenue
$0
Investment income
$310,532
Other revenue
$42,822
Total assets, end of year
$3,386,849
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,386,849
Program services expenses (Part IX)
$363,819
Management and general expenses
$56,951
Fundraising expenses
$0
Program service expenses (Part III)
$363,819

Program services were 86.5% 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.

  • 1f · All other contributions, gifts and grants

    $313,100

  • 3 · Investment income

    total $52,176 · related or exempt $52,176

  • 6a · Gross rents

    real property $42,822

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $42,822

  • 6d · Net rental income or loss

    total $42,822 · unrelated business $8,892 · excluded $33,930

  • 7a · Gross sales of assets other than inventory

    other assets $311,010

  • 7b · Less cost or other basis and sales expenses

    other assets $52,654

  • 7c · Gain or loss

    other assets $258,356

  • 7d · Net gain or loss

    total $258,356 · related or exempt $258,356

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $313,100 · program services $313,100

  • 11b · Fees: legal

    total $313 · management and general $313

  • 11c · Fees: accounting

    total $11,400 · management and general $11,400

  • 11g · Fees: other

    total $50,605 · program services $50,605

  • 23 · Insurance

    total $4,664 · management and general $4,664

  • 24a · Other expenses: LAND SALE FEES

    total $19,010 · management and general $19,010

  • 24b · Other expenses: REAL ESTATE

    total $18,093 · program services $114 · management and general $17,979

  • 24c · Other expenses: INCOME TAX

    total $2,150 · management and general $2,150

  • 24d · Other expenses: SITE MAINTENANCE

    total $1,400 · management and general $1,400

  • 24e · All other expenses

    total $35 · management and general $35

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,041,369 · end of year $1,295,847

  • 4 · Accounts receivable

    end of year $16,965

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

    $2,074,037

  • 10c · Land, buildings and equipment, net

    beginning of year $2,107,682 · end of year $2,074,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,886 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,595,119 · end of year $2,842,570

  • 28 · Net assets with donor restrictions

    beginning of year $546,046 · end of year $544,279

Mission and programs · 2024

Mission

REDEVELOPMENT OF THE OMAHA METROPOLITAN AREA

  • ALL ACTIVITIES ARE IN CONNECTION WITH THE PROMOTION OF OMAHA WELFARE AND TO LESSEN THE BURDENS OF GOVERNMENT. PROFITS FROM PROGRAMS AND PROJECTS ARE USED FOR THE REDEVELOPMENT OF THE OMAHA METROPOLITAN AREA.

    Expenses $363,819 · Grants $313,100

As filed on the 2024 return.

Listed in Part VII

  • Nate Dodge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lance Fritz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Grewcock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Crouse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Keen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derek Leathers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Boyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dana Bradford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Blackledge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heath Mello

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Reed

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Steve Seline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Javier Fernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alec Gorynski

    EXECUTIVE DIRECTOR

    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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202503019349300935

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