2024-09-18T10:37:35-05:00 2023-12-31 820692739 KSO CPA'S PC 404 E 25TH STREET KEARNEY NE 68847 990 2023-01-01 470823875 SOUTHWEST NEBRASKA COMMUNITY BETTERMENT CORPORATION SOUT 3083524338 PO BOX 720 GRANT NE 69140 AMY THELANDER EXECUTIVE DIRECTOR 3083524338 2024-09-13 1 0 JESSICA DAILEY CPA P01086349 3082345565 2024-09-13 2023 2024-08-08 14:25:15Z AMY THELANDER PO BOX 720 GRANT NE 69140 827293 0 X WWW.SOUTHWESTNE.COM X 1999 NE CREATE FUNDING OPPORTUNITIES TO IMPROVE HOUSING AND OPEN DOORS FOR COMMUNITY AND ECONOMIC DEVELOPMENT. 9 9 3 0 0 0 516628 582970 44475 44399 547 840 3714 -119769 565364 508440 157767 150479 0 0 102280 113843 0 0 4554 89572 76999 349619 341321 215745 167119 1697662 1878676 8940 22835 1688722 1855841 CREATE FUNDING OPPORTUNITIES TO IMPROVE HOUSING AND OPEN DOORS FOR COMMUNITY AND ECONOMIC DEVELOPMENT. 0 0 271735 150479 4924 PROVIDE AFFORDABLE HOUSING TO LOWER- TO MODERATE-INCOME FAMILIES AND INDIVIDUALS BY PROVIDING DOWNPAYMENT ASSISTANCE AND REHABILITATION OF DWELLINGS. 26598 44399 PROVIDE AFFORDABLE RENTAL HOUSING TO LOWER- TO MODERATE-INCOME FAMILIES AND INDIVIDUALS. -123853 PROVIDE AFFORDABLE HOUSING TO LOWER- TO MODERATE-INCOME FAMILIES THROUGH THE CONSTRUCTION OF NEW HOMES. 298333 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 12 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X AMY THELANDER 3083524338 PO BOX 720 GRANT NE 69140 X MEGAN SPARGO DIRECTOR 5.00 X 0 0 0 RHONDA RIDLEN DIRECTOR 5.00 X 0 0 0 KELLY DYER DIRECTOR 5.00 X 0 0 0 WENDY MCKAIN DIRECTOR 5.00 X 0 0 0 CRAIG SOFTLEY DIRECTOR 5.00 X 0 0 0 JAYSON BISHOP VICE PRESIDENT 5.00 X 0 0 0 TAWNA HOLMSTEDT PRESIDENT 5.00 X 0 0 0 ANDREA BRUEGGEMAN TREASURER 5.00 X 0 0 0 MELISA OWENS SECRETARY 5.00 X 0 0 0 0 0 0 0 0 0 0 0 571879 11091 582970 RENTAL HOUSING 531110 44399 44399 44399 840 840 195000 318853 -123853 -123853 HOUSING COUNSELING PRO 900099 2900 2900 HOMEBUYER EDUCATION RE 900099 1184 1184 4084 508440 -74530 0 0 150479 150479 67273 56510 8073 2690 38565 32394 4628 1543 8005 6724 960 321 730 730 9680 9680 430 430 1365 1365 4778 4778 24053 22461 1592 REPAIRS & MAINTENANCE 15573 15573 PROPERTY INSURANCE 8690 8690 COMMUNICATION SERVICES 3250 3250 DUES AND SUBSCRIPTIONS 3074 3074 5376 4342 1034 341321 298333 38434 4554 318315 358019 916406 953753 218143 301242 325609 73673 244798 251936 13726 1697662 1878676 3899 3883 5041 18952 8940 22835 X 1605744 1804024 82978 51817 1688722 1855841 1697662 1878676 167119 0 X 0 1 X 0 0 X 425309 1206510 194830 456628 582970 2866247 425309 1206510 194830 456628 582970 2866247 2866247 247 272 607 547 840 2513 2868760 0.99910 0.99930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36000 36000 268503 57350 211153 21106 16323 4783 251936 ACCRUED REAL ESTATE TAXES 1726 RENTAL SECURITY DEPOSITS 3500 CONSTRUCTION COSTS PAYABLE 13726 18952 X 827293 318853 318853 508440 0 508440 660174 318853 318853 341321 0 341321 Part X, Line 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE COMPANY TO EVALUATE TAX POSITIONS TAKEN BY THE COMPANY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COMPANY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE COMPANY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE COMPANY HAS OPEN TAX YEARS SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS ENDING DECEMBER 31, 2021, 2022 & 2023 THAT REMAIN SUBJECT TO EXAMINATION FOR FEDERAL AND APPLICABLE STATE INCOME TAXES. THE COMPANY'S POLICY IS TO INCLUDE PENALTIES AND INTEREST ASSOCIATED WITH INCOME TAXES AS INCOME TAX AND INTEREST EXPENSE, RESPECTIVELY. THE COMPANY DID NOT INCUR ANY PENALTIES OR INTEREST ON INCOME TAXES FOR THE PERIODS BEING REPORTED ON. Part XI, Line 2d - Other Adjustments: COST OF HOME SOLD FROM INVENTORY Part XII, Line 2d - Other Adjustments: COST OF HOME SOLD FROM INVENTORY 0 DOWNPAYMENT ASSISTANCE DEBT FORGIVENESS 79 58419 BOOK OWNER OCCUPIED REHAB DEBT FORGIVENESS 47 92060 BOOK THELANDER INTERIORS OWNED BY SON AND DAUGHTER IN LAW OF AMY THELANDER, EXECUTIVE DIRECTOR 5849 BUSINESS RECEIVED $5,849 IN PAYMENTS FOR FLOORING INSTALLED AT ONE OF THE ORGANIZATION'S RENTAL UNITS. 0 Form 990, Part VI, Section B, line 11b THE ORGANIZATION'S FORM 990 IS REVIEWED AT A BOARD MEETING OR VIA EMAIL PRIOR TO SUBMISSION. Form 990, Part VI, Section B, line 12c CONFLICT OF INTEREST POLICY FORMS MUST BE COMPLETED EACH YEAR. Form 990, Part VI, Section B, line 15a THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS EVALUATES THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND RECOMMENDS A COMPENSATION AMOUNT TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.