Great Plains Platte Valley Valley Apartments Inc
- Assets
- $0.0
- Revenue
- $850.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 11/1994
- Data as of
- 09/2023
- EIN
- 47-0733395
Organization Overview
Great Plains Platte Valley Valley Apartments Inc, operating under the name Platte Valley Apartments, is located in Omaha, NE. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Platte Valley Apartments 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 09/2023, Platte Valley Apartments generated $850.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $118.2k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED IN 1992 UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION, WHICH WAS FORMED FOR THE PURPOSE OF OPERATING THREE 10-UNIT COMMUNITIES LOCATED IN GRAND ISLAND, KEARNEY AND NORTH PLATTE, NEBRASKA, IS KNOWN AS THE PLATTE VALLEY APARTMENTS AND PROVIDES HOUSING FOR DISABLED VETERANS. THE CORPORATION IS SUBJECT TO THE PROVISIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ADDITIONALLY, THE CORPORATION HAS ENTERED INTO A STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF HUD. ALSO, THE CORPORATION IS PARTY TO A HOUSING ASSISTANCE PAYMENTS CONTRACT ("HAP CONTRACT") WITH HUD. THE HAP CONTRACT PROVIDES ASSISTANCE TO LOW INCOME FAMILIES (OR PERSONS) UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, AS AMENDED, FOR ALL 30 UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED IN 1992 UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION, WHICH WAS FORMED FOR THE PURPOSE OF OPERATING THREE 10-UNIT COMMUNITIES LOCATED IN GRAND ISLAND, KEARNEY AND NORTH PLATTE, NEBRASKA, IS KNOWN AS THE PLATTE VALLEY APARTMENTS AND PROVIDES HOUSING FOR DISABLED VETERANS. THE CORPORATION IS SUBJECT TO THE PROVISIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ADDITIONALLY, THE CORPORATION HAS ENTERED INTO A STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF HUD. ALSO, THE CORPORATION IS PARTY TO A HOUSING ASSISTANCE PAYMENTS CONTRACT ("HAP CONTRACT") WITH HUD. THE HAP CONTRACT PROVIDES ASSISTANCE TO LOW INCOME FAMILIES (OR PERSONS) UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, AS AMENDED, FOR ALL 30 UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Squier President | OfficerTrustee | 3 | $0 |
John Scott Vice President | OfficerTrustee | 2 | $0 |
Seth Kotouc Treasurer | OfficerTrustee | 1 | $0 |
Will Leavitt Secretary | OfficerTrustee | 1 | $0 |
Mary Bushman Exec Director | OfficerTrustee | 5 | $0 |
Dave Nelson National Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,189 |
| 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 | $112,189 |
| Total Program Service Revenue | $60,143 |
| Investment income | $137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $670,298 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $850,644 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,402 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $196 |
| Office expenses | $4,221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,147 |
| Travel | $1,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,657 |
| Insurance | $0 |
| All other expenses | $10,300 |
| Total functional expenses | $118,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |