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Nonprofiteer
← MAISONS DENREE INC

Form 990 for tax year 2022

Filed by MAISONS DENREE INC.

Totals

Total revenue
$934,843
Total expenses
$445,226
Contributions and grants received
$280,833
Grants paid
$0
Program service revenue
$163,132
Investment income
$415,305
Other revenue
$75,573
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)
$366,487
Management and general expenses
$78,739
Fundraising expenses
$0
Program service expenses (Part III)
$366,487

Program services were 82.3% 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)

    $280,833

  • 2a · Program service revenue: RENTAL INCOME

    total $163,132 · related or exempt $163,132

  • 3 · Investment income

    total $719 · excluded $719

  • 7a · Gross sales of assets other than inventory

    other assets $1,973,598

  • 7b · Less cost or other basis and sales expenses

    other assets $1,559,012

  • 7c · Gain or loss

    other assets $414,586

  • 7d · Net gain or loss

    total $414,586 · related or exempt $414,586

  • 11a · Other revenue: GAIN ON INVOLUNTARY CONVERSION

    total $70,078 · related or exempt $70,078

  • 11b · Other revenue: LAUNDRY & VENDING

    total $2,702 · excluded $2,702

  • 11c · Other revenue: OTHER MISC. REVENUE

    total $2,194 · excluded $2,194

  • 11d · All other revenue

    total $599 · excluded $599

  • 11e · Other revenue, total

    $75,573

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $22,266 · management and general $22,266

  • 11b · Fees: legal

    total $3,534 · management and general $3,534

  • 11c · Fees: accounting

    total $14,236 · management and general $14,236

  • 12 · Advertising and promotion

    total $96 · management and general $96

  • 13 · Office expenses

    total $16,283 · management and general $16,283

  • 16 · Occupancy

    total $263,507 · program services $263,507

  • 17 · Travel

    total $2,992 · program services $2,992

  • 19 · Conferences, conventions and meetings

    total $292 · program services $292

  • 22 · Depreciation, depletion and amortization

    total $98,134 · program services $98,134

  • 23 · Insurance

    total $631 · program services $631

  • 24a · Other expenses: MGT CO EMPLOYEE CHARGEB

    total $22,279 · management and general $22,279

  • 24b · Other expenses: BAD DEBTS

    total $931 · program services $931

  • 24c · Other expenses: MISC TAXES, LICENSES, P

    total $45 · management and general $45

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,622 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $536 · 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

    beginning of year $6,092 · 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 $1,460,111 · 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

    beginning of year $502,199 · end of year $0

  • 14 · Intangible assets

    beginning of year $98,135 · end of year $0

  • 15 · Other assets

    beginning of year $48,052 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,018 · end of year $0

  • 19 · Deferred revenue

    beginning of year $7,485 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,476,572 · end of year $0

  • 25 · Other liabilities

    beginning of year $20,289 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$489,617 · end of year $0

Mission and programs · 2022

Mission

THE NOT-FOR-PROFIT ORGANIZATION, FORMED UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA, OWNS AND OPERATES A 16-UNIT AND A 48-UNIT COMPLEX OF ACCESSIBLE APARTMENTS FOR LOW INCOME DISABLED VETERANS. THE UNITS ARE KNOWN AS PAPIO VALLEY APARTMENTS AND LA BONNE VIE APARTMENTS RESPECTIVELY. THE CORPORATION IS AFFILIATED WITH THE GREAT PLAINS CHAPTER OF PARALYZED VERTERANS OF AMERICA. THE CORPORATION WAS ORGANIZED PURSUANT TO SECTION 207 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ENTERED INTO TWO SEPARATE HOUSING ASSISTANCE PAYMENT CONTRACTS (HAP CONTRACTS) WITH HUD UNDER THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT, AS AMENDED. THE HAP CONTRACTS PROVIDE ASSISTANCE FOR ALL 64 UNITS.

Activities or mission (Part I)

THE NOT-FOR-PROFIT ORGANIZATION, FORMED UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA, OWNS AND OPERATES A 16-UNIT AND A 48-UNIT COMPLEX OF ACCESSIBLE APARTMENTS FOR LOW INCOME DISABLED VETERANS. THE UNITS ARE KNOWN AS PAPIO VALLEY APARTMENTS AND LA BONNE VIE APARTMENTS RESPECTIVELY. THE CORPORATION IS AFFILIATED WITH THE GREAT PLAINS CHAPTER OF PARALYZED VERTERANS OF AMERICA. THE CORPORATION WAS ORGANIZED PURSUANT TO SECTION 207 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ENTERED INTO TWO SEPARATE HOUSING ASSISTANCE PAYMENT CONTRACTS (HAP CONTRACTS) WITH HUD UNDER THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT, AS AMENDED. THE HAP CONTRACTS PROVIDE ASSISTANCE FOR ALL 64 UNITS

  • THE NOT-FOR-PROFIT ORGANIZATION, FORMED UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA, OWNS AND OPERATES A 16-UNIT AND A 48-UNIT COMPLEX OF ACCESSIBLE APARTMENTS FOR LOW INCOME DISABLED VETERANS. THE UNITS ARE KNOWN AS PAPIO VALLEY APARTMENTS AND LA BONNE VIE APARTMENTS RESPECTIVELY. THE CORPORATION IS AFFILIATED WITH THE GREAT PLAINS CHAPTER OF PARALYZED VERTERANS OF AMERICA. THE CORPORATION WAS ORGANIZED PURSUANT TO SECTION 207 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ENTERED INTO TWO SEPARATE HOUSING ASSISTANCE PAYMENT CONTRACTS (HAP CONTRACTS) WITH HUD UNDER THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT, AS AMENDED. THE HAP CONTRACTS PROVIDE ASSISTANCE FOR ALL 64 UNITS.

    Expenses $366,487 · Revenue $647,796

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Randy Squier

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 12 related

  • John Scott

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Seth Kotouc

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Will Leavitt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dave Nelson

    NATIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mary Bushman

    EXEC DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 15 related

  • Dick Helvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Tom Timmerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mark Linquist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 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.

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.

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.

  • SIMBA DEVELOPMENT INC

    $1,973,598

    Liquidation · FIXED ASSETS OF MAISONS DENREE, INC. · Jan 31, 2023 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421369349308027

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