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Nonprofiteer
← HIGHLANDER PHASE I QALICB INC

Form 990 for tax year 2022

Filed by HIGHLANDER PHASE I QALICB INC.

Totals

Total revenue
$738,238
Total expenses
$1,305,450
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$737,820
Investment income
$418
Other revenue
$0
Total assets, end of year
$23,789,899
Total liabilities, end of year
$24,786,760
Net assets or fund balances, end of year
-$996,861
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
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.

  • 2a · Program service revenue: ACCELERATOR FACILITY

    total $737,820 · related or exempt $737,820

  • 3 · Investment income

    total $418 · excluded $418

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $138,300

  • 11c · Fees: accounting

    total $8,420

  • 20 · Interest

    total $253,405

  • 22 · Depreciation, depletion and amortization

    total $905,325

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $239,295 · end of year $92,993

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

    $23,770,867

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

    $4,243,783

  • 10c · Land, buildings and equipment, net

    beginning of year $20,432,409 · end of year $19,527,084

  • 15 · Other assets

    beginning of year $3,432,002 · end of year $4,169,822

  • 23 · Secured mortgages and notes payable

    beginning of year $23,246,838 · end of year $23,262,443

  • 25 · Other liabilities

    beginning of year $1,286,517 · end of year $1,524,317

  • 27 · Net assets without donor restrictions

    beginning of year -$429,649 · end of year -$996,861

Mission and programs · 2022

Mission

TO HOLD TITLE TO REAL PROPERTY IN THE HIGHLANDER NEIGHBORHOOD, COLLECT INCOME AND RETURN THE NET INCOME TO SEVENTY-FIVE NORTH REVITALIZATION CORPORATION, AND SUPPORT CHARITABLE PURPOSES BY FACILITATING A HEALTHY NEIGHBORHOOD WITH QUALITY AMENITIES.

Activities or mission (Part I)

TO FACILITATE THE CREATION OF HEALTHY, SUSTAINABLE, MIXED-INCOME COMMUNITIES IN THE HIGHLANDER NEIGHBORHOOD OF NORTH OMAHA AND TO EXPAND ACCESS TO QUALITY SCHOOLS, RECREATIONAL FACILITIES, RETAIL OPERATIONS, AND OTHER AMENITIES TO ATTRACT NEW PUBLIC AND PRIVATE INVESTMENT IN THE AREA.

  • RENTAL OF THE ACCELERATOR FACILITY LOCATED AT 2112 NORTH 30TH STREET IN OMAHA, NEBRASKA

As filed on the 2022 return.

Listed in Part VII

  • Cydney Franklin

    SECRETARY

    Total calculated
    $199,814
    From this org
    $0
    From related orgs
    $183,645
    Other
    $16,169
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,645 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,264 related
    Nontaxable benefits
    $0 + $7,905 related
    Filer's total
    $0 + $199,814 related

  • Othello H Meadows III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thomas Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rondae Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenny McMorris

    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. 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations 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.

  • 75NHP1 LLC

    C · MANAGEMENT OF PROGRAM HOUSING · NE

  • 75NHP4 LLC

    C · MANAGEMENT OF PROGRAM HOUSING · NE

  • 75NKSE LLC

    C · MANAGEMENT OF PROGRAM HOUSING · NE

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349313226

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