2024-10-21T14:27:54-04:00 2024-06-30 510202843 LANK JOHNSON & TULL CPAS 521 N MARKET ST EXT SEAFORD DE 19973 990 2023-07-01 510340823 DIMA II INC DIMA 3024270787 2400 WEST FOURTH STREET WILMINGTON DE 19805 ED MCNALLY PRESIDENT/SECRETARY 3024270787 2024-10-21 true true RICHARD L TULL CPA P00158719 3026299543 2024-10-21 2023 2024-10-15 13:58:12Z ED MCNALLY 106 MARCELLA RD WILMINGTON DE 198033411 77912 false X N/A X 1992 DE TO PROVIDE SAFE, AFFORDABLE HOUSING TO THOSE IN OUR COMMUNITY WHO ARE LIVING WITH MENTAL ILLNESS. 6 6 0 6 0 36769 36735 24764 39212 1475 1965 0 63008 77912 0 0 16755 11894 0 0 83497 85757 100252 97651 -37244 -19739 340874 322814 831195 838359 -490321 -515545 TO PROVIDE SAFE, AFFORDABLE HOUSING TO THOSE IN OUR COMMUNITY WHO ARE LIVING WITH MENTAL ILLNESS. false false 87151 39212 TO PROVIDE SAFE, ALTERNATIVE HOUSING FOR THOSE IN OUR COMMUNITY WITH MENTAL ILLNESS. TO SOLICIT, RECEIVE, INVEST, ADMINISTER AND DISTRIBUTE FUNDS FOR THE STATED PURPOSE. 87151 true false false false false false false false false false true false true false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true false false true true true false X X MERTON BRIGGS 3024270787 373 CHICKORY WAY NEWARK DE 197111538 X HAROLD BOZEMAN BOARD MEMBER 1.00 X 0 0 0 MERTON BRIGGS TREASURER 1.00 X X 0 0 0 LISA DELEONARDO BOARD MEMBER 1.00 X 0 0 0 SARAH GALBRAITH BOARD MEMBER 1.00 X 0 0 0 ED MCNALLY PRESIDENT/SE 1.00 X X 0 0 0 BURLEY MELTON BOARD MEMBER 1.00 X 0 0 0 false false false 36735 36735 TENANT RENTAL INCOME 532000 39212 39212 39212 1965 1965 77912 39212 1965 11048 11048 846 846 9542 9542 23 23 10500 10500 63 63 2722 2722 23743 23743 4230 4230 28536 28536 6398 6398 97651 87151 10500 0 715 340 5955 2547 4216 13552 848765 621083 232109 227682 97879 78693 340874 322814 47383 56597 3936 1950 777950 777950 1926 1862 831195 838359 X -490321 -515545 -490321 -515545 340874 322814 X -19739 -5485 X false true X true true true X 40271 35653 43679 36769 36735 193107 22989 22079 21493 24764 39212 130537 63260 57732 65172 61533 75947 323644 323644 7783 10227 1290 1475 1965 22740 7783 10227 1290 1475 1965 22740 71043 67959 66462 63008 77912 346384 0.93440 0.90900 0.07000 0.09000 X 45900 45900 799204 617422 181782 227682 REPLACEMENT RESERVE 78693 F 78693 TENANT SECURITY DEPOSITS 1862 1862 X 77912 77912 77912 97651 97651 97651 SCHEDULE D, PAGE 3, PART X DIMA II, INC. QUALIFIES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE (IRS) CODE. HOWEVER, INCOME FORM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRS SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ALTHOUGH THE ORGANIZATION IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES, THE ORGANIZATION WAS REQUIRED TO ADOPT ASU 740 ACCOUNTING FOR INCOME TAXES, WHICH APPLIES TO ALL ENTITIES INCLUDING THOSE THAT ARE TAX-EXEMPT UNDER 501(C)(3). ASU 740 CLARIFIES THE ACCOUNTING AND REPORTING FOR INCOME TAXES WHERE INTERPRETATION OF THE TAX LAW MAY BE UNCERTAIN. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF THE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THIS JURISDICTION. ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES WOULD BE RECORDED AS INCOME TAX EXPENSE. THERE ARE NO INTEREST AND PENALTIES FOR THE YEARS PRESENTED. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER IN DRAFT FORM. ONCE COMMENTS AND QUESTIONS HAVE BEEN ADDRESSED, THE FINAL DRAFT OF THE FORM 990 IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES ALL EXECUTIVE COMPENSATION; CURRENTLY THE ORGANIZATION HAS NO DIRECT EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD APPROVES ALL OTHER COMPENSATION; CURRENTLY THE ORGANIZATION HAS NO DIRECT EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE ON THE GUIDESTAR WEBSITE FOR INSPECTION. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9 CECL ADAPTATION -5,485