Totals
- Total revenue
- $2,488,564
- Total expenses
- $288,063
- Contributions and grants received
- $13,162
- Grants paid
- $0
- Program service revenue
- $239,930
- Investment income
- $2,233,217
- Other revenue
- $2,255
- Total assets, end of year
- $1,868,943
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,868,943
- Program services expenses (Part IX)
- $204,813
- Management and general expenses
- $83,250
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $204,813
Program services were 71.1% 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.
-
1e · Government grants (contributions)
$13,162
-
2a · Program service revenue: RENTAL INCOME/HUD SUBSIDY
total $239,930 · related or exempt $239,930
-
3 · Investment income
total $201 · related or exempt $201
-
7a · Gross sales of assets other than inventory
other assets $3,200,000
-
7b · Less cost or other basis and sales expenses
other assets $966,984
-
7c · Gain or loss
other assets $2,233,016
-
7d · Net gain or loss
total $2,233,016 · related or exempt $2,233,016
-
11a · Other revenue: LAUNDRY AND VENDING REVENUE
total $2,255 · related or exempt $2,255
-
11e · Other revenue, total
$2,255
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $50,882 · program services $8,060 · management and general $42,822
-
10 · Payroll taxes
total $3,931 · program services $629 · management and general $3,302
-
11b · Fees: legal
total $1,121 · management and general $1,121
-
11c · Fees: accounting
total $24,582 · management and general $24,582
-
12 · Advertising and promotion
total $566 · management and general $566
-
13 · Office expenses
total $2,414 · management and general $2,414
-
16 · Occupancy
total $162,698 · program services $160,963 · management and general $1,735
-
22 · Depreciation, depletion and amortization
total $18,845 · program services $18,845
-
24a · Other expenses: EMPLOYEE BENEFITS
total $16,109 · program services $16,109
-
24b · Other expenses: SERVICE COORDINATOR EXP
total $4,680 · management and general $4,680
-
24c · Other expenses: TRAINING
total $858 · management and general $858
-
24d · Other expenses: STIPEND
total $850 · management and general $850
-
24e · All other expenses
total $527 · program services $207 · management and general $320
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,280 · end of year $41,119
-
2 · Savings and temporary cash investments
beginning of year $149,581 · end of year $12,824
-
4 · Accounts receivable
beginning of year $6,746
-
10c · Land, buildings and equipment, net
beginning of year $771,291
-
12 · Investments: other securities
end of year $1,815,000
-
17 · Accounts payable and accrued expenses
beginning of year $16,043
-
23 · Secured mortgages and notes payable
beginning of year $1,256,864
-
25 · Other liabilities
beginning of year $27,027
-
31 · Retained earnings, endowment or other funds
beginning of year -$352,036 · end of year $1,868,943
Mission and programs · 2022
Mission
TO PROVIDE QUALITY LOW RENT HOUSING AND LIMITED SERVICES TO THE ELDERLY AND THE HANDICAPPED.
-
TO PROVIDE QUALITY LOW RENT HOUSING FOR THE ELDERLY AND DISABLED.
Expenses $204,813 · Revenue $239,930
As filed on the 2022 return.
Listed in Part VII
-
Mark FredericksonMARK FREDERICKSON
DIRECTOR
- Total calculated
- $0
-
Jim HolzerJIM HOLZER
DIRECTOR
- Total calculated
- $0
-
David KlugDAVID KLUG
DIRECTOR
- Total calculated
- $0
-
Marvin OlsonMARVIN OLSON
DIRECTOR
- Total calculated
- $0
-
Melissa OsentowskiMELISSA OSENTOWSKI
DIRECTOR
- Total calculated
- $0
-
Elizabeth PembertonELIZABETH PEMBERTON
DIRECTOR
- Total calculated
- $0
-
Jane RossJANE ROSS
DIRECTOR
- Total calculated
- $0
-
Judy SealerJUDY SEALER
DIRECTOR
- Total calculated
- $0
-
Ashley SumASHLEY SUM
DIRECTOR
- Total calculated
- $0
-
Scott HennemanSCOTT HENNEMAN
PRESIDENT
- Total calculated
- $0
-
Jeff PerkinsJEFF PERKINS
VICE PRESIDE
- Total calculated
- $0
-
Donald ZinneckerDONALD ZINNECKER
SECRETARY/TR
- 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
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.
-
KOUNTZE MEMORIAL LUTHERAN CHURCH
501C · CHURCH · NE
Directly controlled by NA
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
1 distribution to a recipient named as a person, $3,200,000. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 February 2023
- IRS schema version
- 2022v4.1
- Source object
- 202320719349300802
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