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Nonprofiteer
← SIMBA HOUSING INC

Form 990 for tax year 2023

Filed by SIMBA HOUSING INC.

Totals

Total revenue
$3,001,366
Total expenses
$2,599,371
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,653,375
Investment income
$347,991
Other revenue
$0
Total assets, end of year
$7,985,172
Total liabilities, end of year
$6,995,822
Net assets or fund balances, end of year
$989,350
Program services expenses (Part IX)
$2,540,321
Management and general expenses
$59,050
Fundraising expenses
$0
Program service expenses (Part III)
$2,540,321

Program services were 97.7% 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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $2,653,375 · related or exempt $2,653,375

  • 3 · Investment income

    total $12,528 · excluded $12,528

  • 7a · Gross sales of assets other than inventory

    other assets $2,900,000

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

    other assets $2,564,537

  • 7c · Gain or loss

    other assets $335,463

  • 7d · Net gain or loss

    total $335,463 · related or exempt $335,463

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $261,972 · program services $261,972

  • 9 · Other employee benefits

    total $22,051 · program services $22,051

  • 10 · Payroll taxes

    total $18,093 · program services $18,093

  • 11a · Fees: management

    total $232,315 · program services $173,520 · management and general $58,795

  • 11b · Fees: legal

    total $18,623 · program services $18,623

  • 11c · Fees: accounting

    total $105,261 · program services $105,261

  • 12 · Advertising and promotion

    total $5,260 · program services $5,260

  • 13 · Office expenses

    total $57,969 · program services $57,969

  • 16 · Occupancy

    total $406,361 · program services $406,361

  • 17 · Travel

    total $850 · program services $850

  • 19 · Conferences, conventions and meetings

    total $1,106 · program services $1,106

  • 20 · Interest

    total $322,137 · program services $322,137

  • 22 · Depreciation, depletion and amortization

    total $189,099 · program services $189,099

  • 23 · Insurance

    total $192,397 · program services $192,397

  • 24a · Other expenses: REPAIRS & MAINT

    total $508,616 · program services $508,616

  • 24b · Other expenses: REAL ESTATE TAXES

    total $175,577 · program services $175,577

  • 24c · Other expenses: SUPPLIES

    total $26,571 · program services $26,571

  • 24d · Other expenses: OTHER PROFESSIONAL FEES

    total $22,208 · program services $22,208

  • 24e · All other expenses

    total $32,905 · program services $32,650 · management and general $255

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $665,440 · end of year $240,510

  • 2 · Savings and temporary cash investments

    beginning of year $37,689 · end of year $89,591

  • 4 · Accounts receivable

    beginning of year $578,766 · end of year $20,993

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,617 · end of year $47,598

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

    $6,030,420

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

    $399,132

  • 10c · Land, buildings and equipment, net

    beginning of year $3,069,657 · end of year $5,631,288

  • 13 · Investments: program-related

    beginning of year $138,632 · end of year $171,684

  • 14 · Intangible assets

    beginning of year $164,869 · end of year $355,460

  • 15 · Other assets

    beginning of year $1,400,667 · end of year $1,428,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $559,926 · end of year $505,051

  • 23 · Secured mortgages and notes payable

    beginning of year $4,295,458 · end of year $6,477,214

  • 25 · Other liabilities

    beginning of year $674,598 · end of year $13,557

  • 27 · Net assets without donor restrictions

    beginning of year $587,355 · end of year $989,350

Mission and programs · 2023

Mission

TO CONSTRUCT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, OR WORKS AND PROMOTE SOCIAL WELFARE BY ORGANIZATIONS DESIGNED TO COMBAT COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY.

  • DEVELOPMENT OF LOW-INCOME HOUSING

    Expenses $2,540,321 · Revenue $2,653,375

As filed on the 2023 return.

Listed in Part VII

  • Aaron Flaugh

    EXECUTIVE DI

    Total calculated
    $58,785
    From this org
    $58,785
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Cynthia Epstein

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Lanphier

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Michael Matejka

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Matt Morgan

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Frankie Mossa

    OFFICER

    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.

Grants on this return

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SDI HOMESTEAD LLC

    HOUSING · NE · income $529,970 · assets $1,620,465

    Directly controlled by SIMBA SIMBA HOUSING INC

  • SDI PARKVIEW LLC

    HOUSING · NE · income $221,302 · assets $636,524

    Directly controlled by SIMBA SIMBA HOUSING INC

  • CENTRAL PARK TOWER APTS LP

    HOUSING · NE · income $346,732

    Directly controlled by SIMBA SIMBA HOUSING INC

  • SDI PLATTE VALLEY LLC

    HOUSING · NE · income $336,739 · assets $1,504,341

    Directly controlled by SIMBA SIMBA HOUSING INC

  • SDI PLAINS VIEW LLC

    HOUSING · NE · income $250,851 · assets $1,413,707

    Directly controlled by SIMBA SIMBA HOUSING INC

  • SDI PAPIO LA BONNE VIE

    HOUSING · NE · income $670,413 · assets $2,416,308

    Directly controlled by SIMBA SIMBA HOUSING INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • GI VENTURE LP

    RELATED · HOUSING · NE · 50% owned · share of income -$17,700 · share of assets $637,398 · general or managing partner

    Directly controlled by SIMBA

  • LOGAN PARK ASSOC LTD PTRSHIP

    RELATED · HOUSING · NE · 32.18% owned · share of income $22,200 · share of assets $196,317

    Directly controlled by SIMBA SIMBA HOUSING INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 1731 CLEVELAND AVENUE INC

    S CORP · HOUSING · NE · 100% owned · share of income $30,270

    Directly controlled by SIMBA

Provenance

Return type
form_990
Tax year
2023
Filed
8 July 2024
IRS schema version
2023v5.0
Source object
202411929349300526

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