Immanuel Affordable Ii Inc
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 04/2002
- Data as of
- 06/2021
- 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 06/2021, Immanuel Affordable Ii Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 1.4% 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
2021
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 |
|---|---|---|---|
Jill Powers Chair | OfficerTrustee | 0.1 | $0 |
Katherine Martens Stricklett Vice Chair | OfficerTrustee | 0.1 | $0 |
Eric N Gurley President/secretary | Officer | 2 | $0 |
Julie Paladino-Kaminski Senior Vp/coo | Officer | 1 | $0 |
Scott Bear Vp/treasurer | Officer | 3 | $0 |
Tammy Sealer Senior Vice President/cao | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,812 |
| 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 | $85,812 |
| Total Program Service Revenue | $2,228,583 |
| Investment income | $138 |
| 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 | $2,314,533 |
| 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 | $1,100,493 |
| Pension plan accruals and contributions | $43,377 |
| Other employee benefits | $166,940 |
| Payroll taxes | $82,054 |
| Fees for services: Management | $89,619 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,241 |
| Advertising and promotion | $27 |
| Office expenses | $118,886 |
| Information technology | $2,064 |
| Royalties | $0 |
| Occupancy | $48,950 |
| Travel | $18,419 |
| 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 | $176,641 |
| Insurance | $32,286 |
| All other expenses | $0 |
| Total functional expenses | $2,230,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $4,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,598 |
| 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 | $1,160,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,319,888 |
| Total assets | $2,643,393 |
| Accounts payable and accrued expenses | $142,240 |
| 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 | $454,117 |
| Total liabilities | $596,357 |
| Net assets without donor restrictions | -$2,343,764 |
| 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 | $2,643,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |