Kenesaw Community Development Corp FY2021 filing

Tax-deductible

Kenesaw, NE501(c)(3)HousingEIN 47-0833437Revenue $116K in FY2021

On file with the IRSPo Box 149, 68956-0149 · Kenesaw, NETax-exempt since Sep 2000Publicly supported — 509(a)(2)

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Provide senior housing, operating a Community fitness center, subdivision Development and others for the benefit of the Community

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $47K a year · 29% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $39K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$489K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$116K
-24% vs prior year
Spent
$265K
To programs
56%
Net assets
$893K
By yearFY2020–FY2024
Revenue
$116K
FY2021▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$153K
FY2021$116K
FY2022$85K
FY2023$92K
FY2024$348K
Expenses
$265K
FY2021▲ +363%
Tap a bar for its year
Expenses by fiscal year
FY2020$57K
FY2021$265K
FY2022$72K
FY2023$77K
FY2024$90K
Net assets
$893K
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$893K
FY2022$906K
FY2023$921K
FY2024$1.2M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2000.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $148K Management & general 44% · $116K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Kenesaw Community Development Corp 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

Develops housing and fitness centers to benefit the community.

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Provided by the organization

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3 programs · $265K · in their own filed words · FY2021
01

Rental of senior housing

$251Kprogram expense
02

Operation of fitness center

$10Kprogram expense
03

Rental of grocery store building

$4Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$116K
Ln 12
Fees for servicesLn 2g$80K
Other incomeLn 4–11$20K
Gifts and grantsLn 1h$16K
Money outPt IX
$265K
Ln 25
Programscol B$148K
Managementcol C$116K
Owns and owesPt X
$893K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$1.4M
LiabilitiesLn 26$489K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$80K
Investment incomeLn 3$12
Other incomeLn 4–11$20K
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$24K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$489K
Net assetsLn 32$893K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$148K$80K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$455K$489K
Net assetsLn 32$1.0M$893K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$719$719
OccupancyLn 16$126K$126K
InterestLn 20$13K$13K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$116K$116K
Total functional expensesLn 25$265K$148K$116K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $348K$90K$258K$1.2M 990 PDF
FY2023 $92K$77K$15K$921K 990 PDF
FY2022 $85K$72K$13K$906K 990 PDF
FY2021 Viewing $116K$265K−$149K$893K 990 PDF
FY2020 $153K$57K$96K$1.0M 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 (6 parts)
Part I · Summary $115,983 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,946$15,887
I-9 Program service revenuePrior year $76,272$79,834
I-10 Investment incomePrior year $38$12
I-11 Other revenuePrior year $66,000$20,250
I-12 Total revenuePrior year $153,256$115,983
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,195$264,704
I-18 Total expensesPrior year $57,195$264,704
I-19 Revenue less expensesPrior year $96,061−$148,721
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $115,983 across 6 lines filed
VIII-1f All other contributions, gifts and grants$15,887
VIII-1h Total contributions, gifts and grants$15,887
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,834$79,834
VIII-3 Investment incomeRelated to mission $12$12
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,250$20,250
VIII-12 Total revenueRelated to mission $100,096$115,983
Part IX · Statement of functional expenses $264,704 across 5 lines filed
IX-12 Advertising and promotionManagement $719$719
IX-16 OccupancyPrograms $126,150$126,150
IX-20 InterestPrograms $12,909$12,909
IX-23 InsurancePrograms $9,376$9,376
IX-24 Other expenses (24a–d)Management $115,550$115,550
IX-25 Total functional expensesPrograms $148,435 · Management $116,269 · Fundraising $0$264,704
Part X · Balance sheet $1,382,363 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $143,146$56,159
X-2 Savings and temporary cash investmentsStart of year $5,015$24,069
X-10c Land, buildings and equipment, netStart of year $1,348,223$1,302,135
X-16 Total assetsStart of year $1,496,384$1,382,363
X-17 Accounts payable and accrued expensesStart of year $2,000$1,814
X-26 Total liabilitiesStart of year $454,771$489,470
X-32 Total net assets or fund balancesStart of year $1,041,613$892,893
X-33 Total liabilities and net assetsStart of year $1,496,384$1,382,363
Part XI · Reconciliation of net assets $892,893 net assets at year end
XI-1 Total revenue$115,983
XI-2 Total expenses$264,704
XI-3 Revenue less expenses−$148,721
XI-4 Net assets at start of year$1,041,613
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$892,893

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

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