Maisons Denree INC FY2021 filing

Omaha, NEUnknown exempt organizationEIN 36-3499674

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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

82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $188K a year · 25% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
123% of total assets
Concern: liabilities are 123% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$676K
Spent
$605K
To programs
82%
Net assets
−$494K
By yearFY2021–FY2023
Revenue
$676K
FY2021
Revenue by fiscal year
FY2021$676K
FY2022$693K
FY2023$935K
Expenses
$605K
FY2021
Expenses by fiscal year
FY2021$605K
FY2022$689K
FY2023$445K
Net assets
−$494K
FY2021
Net assets by fiscal year
FY2021−$494K
FY2022−$490K
FY2023$0

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $498K Management & general 18% · $107K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Maisons Denree INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides accessible apartments for low-income disabled veterans.

Provided by the organization

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1 program service account for $498K of program spending, described in the organization's own filed words · FY2020.
01

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.

$498Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$676K
Ln 12
Gifts and grantsLn 1h$450K
Fees for servicesLn 2g$221K
Other incomeLn 4–11$5K
Money outPt IX
$605K
Ln 25
Programscol B$498K
Managementcol C$107K
Owns and owesPt X
−$494K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$2.2M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$450K
Government grantsLn 1e$450K
Fees for servicesLn 2g$221K
Investment incomeLn 3$732
Other incomeLn 4–11$5K
Total revenueLn 12$676K
Assets in detailPt X, end of year
CashLn 1$13K
Cash and savings togetherLn 1–2$13K
InvestmentsLn 11–13$526K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$83K
Total assetsLn 16$2.2M
LiabilitiesLn 26$2.7M
Net assetsLn 32−$494K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$32K$13K
InvestmentsLn 11–13$525K$526K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$2.7M$2.7M
Net assetsLn 32−$565K−$494K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$14K$14K
OccupancyLn 16$494K$494K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$898$898
Other expenses (24a–d)Ln 24$45K$45K
Total functional expensesLn 25$605K$498K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $935K$445K$490K$0 990 PDF
FY2022 $693K$689K$4K−$490K 990 PDF
FY2021 Viewing $676K$605K$71K−$494K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $675,802 across 6 lines filed
VIII-1e Government grants$449,765
VIII-1h Total contributions, gifts and grants$449,765
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $220,629$220,629
VIII-3 Investment incomeExcluded from tax $732$732
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,676$4,676
VIII-12 Total revenueRelated to mission $220,629 · Unrelated business $0 · Excluded from tax $5,408$675,802
Part IX · Statement of functional expenses $604,937 across 10 lines filed
IX-11a Management feesManagement $33,601$33,601
IX-11b Legal feesManagement $2,073$2,073
IX-11c Accounting feesManagement $10,892$10,892
IX-12 Advertising and promotionManagement $1,256$1,256
IX-13 Office expensesManagement $14,323$14,323
IX-16 OccupancyPrograms $493,548$493,548
IX-17 TravelPrograms $1,957$1,957
IX-19 Conferences, conventions and meetingsPrograms $1,652$1,652
IX-23 InsurancePrograms $898$898
IX-24 Other expenses (24a–d)Management $44,737$44,737
IX-25 Total functional expensesPrograms $498,055 · Management $106,882 · Fundraising $0$604,937
Part X · Balance sheet $2,190,583 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $31,941$13,346
X-4 Accounts receivableStart of year $3,768$2,626
X-9 Prepaid expenses and deferred chargesStart of year $8,000$7,061
X-10c Land, buildings and equipment, netStart of year $1,460,111$1,460,111
X-13 Program-related investmentsStart of year $525,464$526,471
X-14 Intangible assetsStart of year $98,135$98,135
X-15 Other assetsStart of year $57,254$82,833
X-16 Total assetsStart of year $2,184,673$2,190,583
X-17 Accounts payable and accrued expensesStart of year $74,211$91,133
X-19 Deferred revenueStart of year $4,268$9,344
X-25 Other liabilitiesStart of year $19,051$18,658
X-26 Total liabilitiesStart of year $2,749,615$2,684,660
X-27 Net assets without donor restrictionsStart of year −$564,942−$494,077
X-32 Total net assets or fund balancesStart of year −$564,942−$494,077
X-33 Total liabilities and net assetsStart of year $2,184,673$2,190,583
Part XI · Reconciliation of net assets −$494,077 net assets at year end
XI-1 Total revenue$675,802
XI-2 Total expenses$604,937
XI-3 Revenue less expenses$70,865
XI-4 Net assets at start of year−$564,942
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$494,077

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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