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Nonprofiteer
← HIGHLANDER PHASE I QALICB INC

Form 990 for tax year 2023

Filed by HIGHLANDER PHASE I QALICB INC.

Totals

Total revenue
$23,599,456
Total expenses
$22,602,595
Contributions and grants received
$0
Grants paid
$22,295,342
Program service revenue
$23,599,194
Investment income
$262
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
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: CLOSEOUT OF TAX CREDITS

    total $23,476,918 · related or exempt $23,476,918

  • 2b · Program service revenue: ACCELERATOR FACILITY

    total $122,276 · related or exempt $122,276

  • 3 · Investment income

    total $262 · excluded $262

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,295,342

  • 11a · Fees: management

    total $22,998

  • 11c · Fees: accounting

    total $12,994

  • 20 · Interest

    total $44,930

  • 22 · Depreciation, depletion and amortization

    total $226,331

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $92,993 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $19,527,084 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $4,169,822 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $23,262,443 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,524,317 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$996,861 · end of year $0

Mission and programs · 2023

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

Listed in Part VII

  • Cydney Franklin

    PRESIDENT

    Total calculated
    $202,803
    From this org
    $0
    From related orgs
    $193,921
    Other
    $8,882
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,921 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $689 related
    Nontaxable benefits
    $0 + $8,193 related
    Filer's total
    $0 + $202,803 related
  • Othello H Meadows III

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • 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

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

  • 75NHPV LLC

    C · MANAGEMENT OF PROGRAM HOUSING · NE

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349314953

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