Kenesaw Community Development Corp FY2022 filing

Tax-deductible

Kenesaw, NE501(c)(3)HousingEIN 47-0833437Revenue $85K in FY2022

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.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 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
$588K
39% of total assets
Looks good: liabilities are 39% 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
$85K
-27% vs prior year
Spent
$72K
To programs
96%
Net assets
$906K
By yearFY2020–FY2024
Revenue
$85K
FY2022▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$153K
FY2021$116K
FY2022$85K
FY2023$92K
FY2024$348K
Expenses
$72K
FY2022▼ -73%
Tap a bar for its year
Expenses by fiscal year
FY2020$57K
FY2021$265K
FY2022$72K
FY2023$77K
FY2024$90K
Net assets
$906K
FY2022▲ +1%
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 FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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

96 cents of each dollar spent went to programs.

Program services 96% · $70K Management & general 4% · $3K

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 · in their own filed words · FY2022
01

Operation of community fitness center

Pt IX · col B
02

Rental of grocery store building

Pt IX · col B
03

Rental of senior housing units

Pt IX · col B

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$85K
Ln 12
Fees for servicesLn 2g$80K
Gifts and grantsLn 1h$5K
Investment incomeLn 3$67
Money outPt IX
$72K
Ln 25
Programscol B$70K
Managementcol C$3K
Owns and owesPt X
$906K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$1.5M
LiabilitiesLn 26$588K
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$5K
Fees for servicesLn 2g$80K
Investment incomeLn 3$67
Total revenueLn 12$85K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$24K
Cash and savings togetherLn 1–2$57K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.5M
LiabilitiesLn 26$588K
Net assetsLn 32$906K
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 FY22End FY22
Cash and savingsLn 1–2$80K$57K
Land, buildings, equipmentLn 10c$1.3M$1.4M
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$489K$588K
Net assetsLn 32$893K$906K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$521$521
Advertising and promotionLn 12$572$572
OccupancyLn 16$44K$44K
InterestLn 20$15K$15K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$72K$70K$3K$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 Viewing $85K$72K$13K$906K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $85,241 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,887$5,419
I-9 Program service revenuePrior year $79,834$79,755
I-10 Investment incomePrior year $12$67
I-11 Other revenuePrior year $20,250$0
I-12 Total revenuePrior year $115,983$85,241
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 $264,704$72,177
I-18 Total expensesPrior year $264,704$72,177
I-19 Revenue less expensesPrior year −$148,721$13,064
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 $85,241 across 5 lines filed
VIII-1f All other contributions, gifts and grants$5,419
VIII-1h Total contributions, gifts and grants$5,419
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,755$79,755
VIII-3 Investment incomeRelated to mission $67$67
VIII-12 Total revenueRelated to mission $79,822$85,241
Part IX · Statement of functional expenses $72,177 across 6 lines filed
IX-11b Legal feesPrograms $521$521
IX-12 Advertising and promotionManagement $572$572
IX-16 OccupancyPrograms $43,649$43,649
IX-20 InterestPrograms $15,466$15,466
IX-23 InsurancePrograms $9,919$9,919
IX-24 Other expenses (24a–d)Management $2,050$2,050
IX-25 Total functional expensesPrograms $69,555 · Management $2,622 · Fundraising $0$72,177
Part X · Balance sheet $1,494,449 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $56,159$32,741
X-2 Savings and temporary cash investmentsStart of year $24,069$24,137
X-10c Land, buildings and equipment, netStart of year $1,302,135$1,437,571
X-16 Total assetsStart of year $1,382,363$1,494,449
X-17 Accounts payable and accrued expensesStart of year $1,814$101,814
X-26 Total liabilitiesStart of year $489,470$588,491
X-32 Total net assets or fund balancesStart of year $892,893$905,958
X-33 Total liabilities and net assetsStart of year $1,382,363$1,494,449
Part XI · Reconciliation of net assets $905,958 net assets at year end
XI-1 Total revenue$85,241
XI-2 Total expenses$72,177
XI-3 Revenue less expenses$13,064
XI-4 Net assets at start of year$892,893
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$905,958

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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