Monarch Villa Inc
- Assets
- $1.3m
- Revenue
- $769.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Papillion, NE
- Founding
- 12/1979
- Data as of
- 12/2022
- EIN
- 47-0618515
Organization Overview
Monarch Villa Inc is located in Papillion, NE. The organization was established in 1979. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monarch Villa Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Monarch Villa Inc generated $769.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $719.3k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING - SEE PART III LINE 1 FOR MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING FOR THE ELDERLY OR HANDICAPPED OPERATES A 76 UNIT APARTMENT COMPLEX IN ACCORDANCE WITH U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GUIDELINES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doris Skinner Secretary | OfficerTrustee | 1 | $0 |
Christopher Mcmeekin Vice President | OfficerTrustee | 1 | $0 |
Robert Olson President | OfficerTrustee | 1 | $0 |
Steve Snodgrass Treasurer | OfficerTrustee | 1 | $0 |
Curtis Rainge Director | Trustee | 1 | $0 |
Amber Rupiper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $409,888 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,888 |
| Total Program Service Revenue | $358,389 |
| Investment income | $731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $769,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,133 |
| Payroll taxes | $9,785 |
| Fees for services: Management | $44,346 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $297 |
| Office expenses | $35,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $299,079 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,506 |
| Insurance | $28,519 |
| All other expenses | $0 |
| Total functional expenses | $719,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,395 |
| Net Land, buildings, and equipment | $639,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $517,945 |
| Intangible assets | $50,199 |
| Other assets | $31,265 |
| Total assets | $1,267,781 |
| Accounts payable and accrued expenses | $36,432 |
| Grants payable | $0 |
| Deferred revenue | $1,055 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,345,891 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $116,097 |
| Total liabilities | $1,499,475 |
| Net assets without donor restrictions | -$231,694 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,267,781 |
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|---|---|---|
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Immanuel Retirement Communities Omaha, NE | $159,357,540 | $36,993,278 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Ashfield Active Living And Wellness Communities Inc Wichita, KS | $146,263,664 | $27,107,556 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Villa St Francis Catholic Care Center Inc Olathe, KS | $17,681,493 | $20,586,104 |
Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |