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 FranklinCYDNEY 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 IIIOTHELLO H MEADOWS III
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Thomas WarrenTHOMAS WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rondae HillRONDAE HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenny McMorrisKENNY 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
-
CLOSEOUT OF TAX CREDITS
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.
-
SEVENTY-FIVE NORTH REVITALIZATION CORPORATION
501(C)(3) · REVITALIZATION TO BREAK THE POVERTY CYCLE IN THE HIGHLANDER NEIGHBORHOOD · NE
-
501(C)(3) · FINANCE, DEVELOP AND OPERATE LOW INCOME HOUSING DEVELOPMENTS · NE
Directly controlled by SEVENTY-FIVE NORTH REVITALIZATION CORPORATION
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.
-
SEVENTY-FIVE NORTH REVITALIZATION CORPORATION
$19,324,345
Liquidation · PROPERTY AND ASSETS AT 2112 NORTH 30TH STREET, OMAHA, NE 68111 · Mar 31, 2023 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349314953
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