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Nonprofiteer
← OMAHA 100 INCORPORATED

Form 990 for tax year 2023

Filed by OMAHA 100 INCORPORATED.

Totals

Total revenue
$3,703,305
Total expenses
$1,656,733
Contributions and grants received
$3,063,935
Grants paid
$0
Program service revenue
$540,800
Investment income
$86,997
Other revenue
$11,573
Total assets, end of year
$39,022,849
Total liabilities, end of year
$34,680,410
Net assets or fund balances, end of year
$4,342,439
Program services expenses (Part IX)
$1,456,336
Management and general expenses
$147,047
Fundraising expenses
$53,350
Program service expenses (Part III)
$1,456,336

Program services were 87.9% 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)

    $3,063,935

  • 2a · Program service revenue: LOAN FEES

    total $473,640 · related or exempt $473,640

  • 2b · Program service revenue: ORIGINATION FEES

    total $42,123 · related or exempt $42,123

  • 2c · Program service revenue: MISC. SERVICE FEES

    total $17,529 · related or exempt $17,529

  • 2d · Program service revenue: CREDIT REPORT FEES

    total $7,508 · related or exempt $7,508

  • 3 · Investment income

    total $86,997 · excluded $86,997

  • 6a · Gross rents

    real property $26,806

  • 6b · Less rental expenses

    real property $15,233

  • 6c · Rental income or loss

    real property $11,573

  • 6d · Net rental income or loss

    total $11,573 · related or exempt $11,573

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $73,306 · program services $65,975 · fundraising $7,331

  • 7 · Other salaries and wages

    total $428,118 · program services $362,699 · management and general $19,400 · fundraising $46,019

  • 11c · Fees: accounting

    total $280,914 · program services $228,609 · management and general $52,305

  • 11g · Fees: other

    total $341,167 · program services $341,167

  • 13 · Office expenses

    total $59,780 · program services $53,802 · management and general $5,978

  • 16 · Occupancy

    total $25,379 · program services $22,841 · management and general $2,538

  • 17 · Travel

    total $38,513 · management and general $38,513

  • 20 · Interest

    total $21,974 · program services $21,974

  • 22 · Depreciation, depletion and amortization

    total $5,235 · management and general $5,235

  • 23 · Insurance

    total $2,689 · program services $2,420 · management and general $269

  • 24a · Other expenses: FEDERAL HOME LOAN PAYOU

    total $251,488 · program services $251,488

  • 24b · Other expenses: POSTAGE & PRINTING

    total $72,247 · program services $64,996 · management and general $7,251

  • 24c · Other expenses: OTHER

    total $30,899 · program services $16,348 · management and general $14,551

  • 24d · Other expenses: ADVANCED PROCESSING FEE

    total $14,956 · program services $14,956

  • 24e · All other expenses

    total $10,068 · program services $9,061 · management and general $1,007

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,196 · end of year $95,678

  • 2 · Savings and temporary cash investments

    beginning of year $718,621 · end of year $778,716

  • 4 · Accounts receivable

    beginning of year $228,853 · end of year $190,622

  • 7 · Other notes and loans receivable

    beginning of year $361,699 · end of year $890,708

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

    $214,307

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

    $76,913

  • 10c · Land, buildings and equipment, net

    beginning of year $142,630 · end of year $137,394

  • 15 · Other assets

    beginning of year $32,645,601 · end of year $36,929,731

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,409 · end of year $18,866

  • 19 · Deferred revenue

    end of year $1,720,000

  • 21 · Escrow or custodial account liability

    beginning of year $1,600 · end of year $1,600

  • 24 · Unsecured notes and loans payable

    beginning of year $180,896 · end of year $0

  • 25 · Other liabilities

    beginning of year $31,575,828 · end of year $32,939,944

  • 27 · Net assets without donor restrictions

    beginning of year $1,509,386 · end of year $2,560,449

  • 28 · Net assets with donor restrictions

    beginning of year $786,481 · end of year $1,781,990

Mission and programs · 2023

Mission

OUR MISSION IS TO PROVIDE OWNERSHIP OPPORTUNITIES THROUGH PUBLIC AND PRIVATE PARTNERSHIPS, FINANCING, AND TECHNICAL ASSISTANCE. BY WORKING COLLABORATIVELY, WE AIM TO EXPAND ACCESS TO CAPITAL IN UNDERSERVED COMMUNITIES, EMPOWERING INDIVIDUALS AND FAMILIES TO ACHIEVE FINANCIAL INDEPENDENCE AND LONG-TERM PROSPERITY.

Activities or mission (Part I)

TO PROVIDE HOME OWNERSHIP OPPORTUNITIES THROUGH PUBLIC AND PRIVATE PARTNERSHIPS, FINANCING, AND TECHNICAL ASSISTANCE ENABLING LOW AND MODERATE INCOME BORROWERS TO OWN THEIR OWN HOME.

  • ALL ACTIVITIES ARE IN CONNECTION WITH THE GOAL OF CREATING 100 LOANS PER YEAR OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS IN OMAHA, NEBRASKA.

    Expenses $1,456,336

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

Listed in Part VII

  • Jim Rieker

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mathew Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nate Deboer

    BOARD: CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ernest White

    OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Candice Price

    OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Teresa Hunter

    OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Nance Williams

    OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Michael Matejka

    OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Malinda Williams

    EXECUTIVE DIRECTOR

    Total calculated
    $73,306
    From this org
    $73,306
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202403129349302180

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