Kenesaw Community Development Corp EIN 47-0833437 Form 990 (PDF) Claim this org

Kenesaw Community Development Corp

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Develops housing and fitness centers to benefit the community. For fiscal year 2024 it reported $348K in revenue, $90K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Kenesaw, NE
Filings
5 on file (2020–2024)
Revenue
$348KFY2024
Expenses
$90K
Net assets
$1.2M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-0833437 Public charity (501(c)(3)) Kenesaw, NE
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops housing and fitness centers to benefit the community.
Leadership
Neel Keiser · President
Money in and out
$348K revenue, $90K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$348K
Pt VIII · Ln 12
Total expenses
$90K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $258K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
47.1mo
months of highly liquid reserves at operating expense rate▲ +324% vs prior filing year
Surplus margin
+74%
revenue over expenses, this year▲ +342% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$348K
FY2024▲ +278%
Expenses
$90K
FY2024▲ +17%
Total assets
$1.7M
FY2024▲ +15%
Total liabilities
$514K
FY2024▼ -6%
Total revenue
$348K
Pt VIII · Ln 12
Total expenses
$90K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$258K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKenesaw Community Development Corp
EINHdr · item D47-0833437
Principal addressHdr · item CKenesaw, NE
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L22)
Ruling yearIRS BMFSep 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $88K of program spending, described in the organization's own filed words · FY2024.
01

Rental of senior apartments

$76Kprogram expense
02

Revenue from fitness center

$12Kprogram expense
03

Rental of grocery store building

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$264K · 76%
Program service revenue$84K · 24%
Contributions & grants76%$264K
Program service revenue24%$84K
Investment income$266
Total revenueLn 12$348K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$88K
Management & general2%$2K
Total functional expensesLn 25$90K

Balance Sheet

Part X · end of year
CashLn 1$352K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$514K
Total net assetsLn 32$1.2M
Months of cash on handcomputed47.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $352K · Operating expenses/yr $90K
47.1 months
Where the money goes
Program services
Program services $88K · Total expenses $90K
98%
Management & General
Management & general $2K · Total expenses $90K
2%
Fundraising
Fundraising $0 · Total expenses $90K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $92K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $264K · Total revenue $348K
76%
Government reliance
Government grants — · Total revenue $348K
Earned-income share
Program service revenue $84K · Total revenue $348K
24%
Investment reliance
Investment income $266 · Total revenue $348K
+0.08%
Program self-sufficiency
Program service revenue $84K · Total expenses $90K
94%
Growth & trend
Revenue growth (YoY)
This year $348K · Prior year $92K
+278%
Revenue CAGR
FY2020 $153K · FY2024 $348K
+23%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $348K · Expenses $90K
+74%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.2M · Total assets $1.7M
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Neel Keiser · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $90K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $90K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 278%
Legal fee ratio 0.1%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$39K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$348K revenue · viewing · ⤓ 990 PDF
FY2023$92K revenue · ⤓ 990 PDF
FY2022$85K revenue · ⤓ 990 PDF
FY2021$116K revenue · ⤓ 990 PDF
FY2020$153K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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