Immanuel Affordable Ii Inc
- Assets
- $2.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 04/2002
- Data as of
- 06/2022
- EIN
- 80-0016829
Organization Overview
Immanuel Affordable Ii Inc is located in Omaha, NE. The organization was established in 2002. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Immanuel Affordable Ii 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 06/2022, Immanuel Affordable Ii Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 6 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
PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW-INCOME HOUSING AND ASSISTED LIVING SERVICES FOR THE ELDERLY AND DISABLED. THE FACILITIES INCLUDE 60 APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Friedlund Chair | OfficerTrustee | 0.1 | $0 |
Deborah Conley Vice Chair | OfficerTrustee | 0.1 | $0 |
Brenda Bergman-Evans PHD Aprn Member | Trustee | 0.1 | $0 |
Betty Foster PHD Member | Trustee | 0.1 | $0 |
Mary Balluff Member | Trustee | 0.1 | $0 |
Rev Timothy Koester Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $90,200 |
| Government grants | $34,306 |
| 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 | $124,506 |
| Total Program Service Revenue | $2,000,115 |
| Investment income | $84 |
| 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 | $2,124,705 |
| 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 | $1,174,779 |
| Pension plan accruals and contributions | $37,152 |
| Other employee benefits | $157,650 |
| Payroll taxes | $93,594 |
| Fees for services: Management | $81,482 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,863 |
| Advertising and promotion | $69 |
| Office expenses | $129,361 |
| Information technology | $3,356 |
| Royalties | $0 |
| Occupancy | $45,040 |
| Travel | $6,566 |
| 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 | $179,461 |
| Insurance | $35,841 |
| All other expenses | $0 |
| Total functional expenses | $2,282,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175,048 |
| 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 | $16,500 |
| Net Land, buildings, and equipment | $1,033,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,412,243 |
| Total assets | $2,641,923 |
| Accounts payable and accrued expenses | $149,285 |
| 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 | $603,219 |
| Total liabilities | $752,504 |
| Net assets without donor restrictions | -$2,501,381 |
| Net assets with donor restrictions | $4,390,800 |
| 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 | $2,641,923 |