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Nonprofiteer
← MKV INC

Form 990 for tax year 2023

Filed by MKV INC.

Totals

Total revenue
$37,917
Total expenses
$136,855
Contributions and grants received
$0
Grants paid
$135,000
Program service revenue
$0
Investment income
$37,917
Other revenue
$0
Total assets, end of year
$2,059,100
Total liabilities, end of year
$1,430
Net assets or fund balances, end of year
$2,057,670
Program services expenses (Part IX)
$135,000
Management and general expenses
$1,855
Fundraising expenses
$0
Program service expenses (Part III)
$135,000

Program services were 98.6% 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.

  • 3 · Investment income

    total $37,917 · related or exempt $37,917

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $135,000 · program services $135,000

  • 11c · Fees: accounting

    total $1,430 · management and general $1,430

  • 13 · Office expenses

    total $425 · management and general $425

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $340 · end of year $3,584

  • 7 · Other notes and loans receivable

    beginning of year $2,156,268 · end of year $2,055,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,430

  • 27 · Net assets without donor restrictions

    beginning of year $2,156,608 · end of year $2,057,670

Mission and programs · 2023

Mission

MKV, INC. FORMERLY OWNED THE MEADOWS AND OPERATED A LOW INCOME ELDERLY HOUSING COMMUNITY UNDER A REGULATORY AGREEMENT WITH HUD. THE FIXED ASSETS OF THE ENTITY WERE SOLD TO A PARTNERSHIP IN 2016 AND MKV, INC. HOLDS SELLER CARRYBACK NOTES RELATED TO THIS TRANSACTION. PAYMENTS RECEIVED ON THE NOTES ARE USED TO SUPPORT THE OPERATIONS OF MAPLE KNOLL COMMUNITIES, INC., A NON-PROFIT ORGANIZATION THAT PROVIDES HOUSING, HEALTHCARE AND OTHER SERVICES FOR THE ELDERLY.

  • MKV, INC. FORMERLY OWNED THE MEADOWS AND OPERATED A LOW INCOME ELDERLY HOUSING COMMUNITY UNDER A REGULATORY AGREEMENT WITH HUD. THE FIXED ASSETS OF THE ENTITY WERE SOLD TO A PARTNERSHIP IN 2016 AND MKV, INC. HOLDS SELLER CARRYBACK NOTES RELATED TO THIS TRANSACTION. PAYMENTS RECEIVED ON THE NOTES ARE USED TO SUPPORT THE OPERATIONS OF MAPLE KNOLL COMMUNITIES, INC., A NON-PROFIT ORGANIZATION THAT PROVIDES HOUSING, HEALTHCARE AND OTHER SERVICES FOR THE ELDERLY.

    Expenses $135,000 · Grants $135,000 · Revenue $37,917

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James M Formal

    FORMER PRESIDENT, CEO

    Total calculated
    $405,833
    From this org
    $0
    From related orgs
    $405,833
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $405,833 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $405,833 related

  • John S Dattilo

    PRESIDENT

    Total calculated
    $452,740
    From this org
    $0
    From related orgs
    $404,814
    Other
    $47,926
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,814 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $17,548 related
    Nontaxable benefits
    $0 + $30,378 related
    Filer's total
    $0 + $452,740 related

  • Roger E Weideman II

    VICE PRESIDENT/TREASURER

    Total calculated
    $404,827
    From this org
    $0
    From related orgs
    $358,586
    Other
    $46,241
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,586 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $16,268 related
    Nontaxable benefits
    $0 + $29,973 related
    Filer's total
    $0 + $404,827 related

  • Timothy McGowan

    DIRECTOR

    Total calculated
    $250,682
    From this org
    $0
    From related orgs
    $226,627
    Other
    $24,055
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,750 related
    Bonus
    $0
    Other
    $0 + $21,877 related
    Deferred
    $0 + $6,750 related
    Nontaxable benefits
    $0 + $17,305 related
    Filer's total
    $0 + $250,682 related

  • James Stahl

    DIRECTOR/ VICE PRESIDENT O

    Total calculated
    $211,625
    From this org
    $0
    From related orgs
    $191,042
    Other
    $20,583
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,425 related
    Bonus
    $0 + $16,421 related
    Other
    $0 + $32,196 related
    Deferred
    $0 + $5,173 related
    Nontaxable benefits
    $0 + $15,410 related
    Filer's total
    $0 + $211,625 related

  • John C Bloomstrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Roger D Miller

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Fred Robbins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.08 related

  • Wendy L Meredith

    CHAIRPERSON/SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Jane A Siegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
PART I, 4A: JAMES FORMAL - SEVERANCE PAYMENT OF $405,833

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MK MEADOWS GP LLC

    C · LOW INCOME HOUSING · OH · 90% owned · share of assets $3,633,723

    Directly controlled by MKV INC

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202511329349303136

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