2024-01-27T08:37:22-06:00 2023-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-07-01 311586739 MARION SENIOR LIVING INC MARI 4023337373 2840 S 123RD COURT OMAHA NE 68144 DICK DEARINGER PRESIDENT 4023337373 2024-01-27 1 DICK DEARINGER 999009999 0 EKATERINA GWYN P01333750 3178485700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DICK DEARINGER 2840 S 123RD COURT OMAHA NE 68144 273803 0 X N/A X 1999 IA TO PROVIDE HOUSING FOR LOW INCOME SENIORS, INCLUDING THOSE WITH PHYSICAL DISABILITIES. 7 7 0 7 0 0 111058 104720 161022 164264 440 769 4448 4050 276968 273803 0 0 0 0 0 0 0 0 0 375943 389069 375943 389069 -98975 -115266 2115689 2027380 35056 62013 2080633 1965367 X THE ORGANIZATION, FORMED UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF IOWA, OWNS AND OPERATES A 40-UNIT COMMUNITY KNOWN AS MOUNDVIEW MANOR LOCATED IN MARION, IOWA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS, INCLUDING THOSE WITH PHYSICAL DISABILITIES, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.THE ORGANIZATION ENTERED INTO A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). PURSUANT TO THE REGULATORY AGREEMENT, THE ORGANIZATION MUST MAINTAIN 39 OF ITS 40 UNITS AS AFFORDABLE TO LOW INCOME ELDERLY PERSONS. THE ORGANIZATION RECEIVES RENT SUBSIDIES THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT ("PRAC") WITH HUD. THE PRAC PROVIDES SUBSIDIES TO ELIGIBLE RESIDENTS TO ENABLE SUCH RESIDENTS TO LIVE IN SAFE, ADEQUATE HOUSING FACILITIES THEY COULD NOT OTHERWISE AFFORD. THE PRAC PROVIDES SUBSIDIES FOR 39 OF THE COMMUNITY'S 40 UNITS. 0 0 338131 164264 THE ORGANIZATION, FORMED UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF IOWA, OWNS AND OPERATES A 40-UNIT COMMUNITY KNOWN AS MOUNDVIEW MANOR LOCATED IN MARION, IOWA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS, INCLUDING THOSE WITH PHYSICAL DISABILITIES, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.THE ORGANIZATION ENTERED INTO A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). PURSUANT TO THE REGULATORY AGREEMENT, THE ORGANIZATION MUST MAINTAIN 39 OF ITS 40 UNITS AS AFFORDABLE TO LOW INCOME ELDERLY PERSONS. THE ORGANIZATION RECEIVES RENT SUBSIDIES THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT ("PRAC") WITH HUD. THE PRAC PROVIDES SUBSIDIES TO ELIGIBLE RESIDENTS TO ENABLE SUCH RESIDENTS TO LIVE IN SAFE, ADEQUATE HOUSING FACILITIES THEY COULD NOT OTHERWISE AFFORD. THE PRAC PROVIDES SUBSIDIES FOR 39 OF THE COMMUNITY'S 40 UNITS. 338131 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X SELDIN COMPANY 4023337373 2840 S 123RD COURT OMAHA NE 68144 X DICK DEARINGER PRESIDENT 2.00 0.00 X X 0 0 0 KEN STANFORD VICE PRESIDENT 1.00 0.00 X X 0 0 0 TAMARA DANOVER TREASURER 1.00 0.00 X X 0 0 0 LINDA DEARINGER SECRETARY 1.00 0.00 X X 0 0 0 SCOTT DRAPER DIRECTOR 0.50 0.00 X 0 0 0 KATHLEEN LAMMERS DIRECTOR 0.50 0.00 X 0 0 0 DICK GRIMM DIRECTOR 0.50 0.00 X 0 0 0 0 0 0 0 0 0 0 0 104720 104720 RENTAL INCOME 531110 164264 164264 164264 769 769 LAUNDRY & VENDING 531110 4050 4050 4050 273803 164264 0 4819 19165 19165 8260 8260 1233 1233 19666 19666 123524 123524 3847 3847 150163 150163 19299 19299 MGMT COMP EMPLOYEE CHAR 31001 31001 RECAPTURE OF RESIDUAL R 12911 12911 389069 338131 50938 0 24569 10927 1004 281 317 637 3779737 1979168 1934648 1800569 139427 199811 15724 15155 2115689 2027380 6819 20301 4654 5141 23583 36571 35056 62013 X 2080633 1965367 2080633 1965367 2115689 2027380 -115266 0 X X 0 1 X 1 1 1 X 685087 132883 111058 104720 1033748 248522 265562 156335 161022 164264 995705 248522 950649 289218 272080 268984 2029453 0 0 0 2029453 477 456 671 440 769 2813 477 456 671 440 769 2813 117346 4448 4050 125844 248999 951105 407235 276968 273803 2158110 0.94040 0.94230 0.00130 0.00110 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES, GAIN FROM INVOLUNTARY CONVERSION, AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94295 94295 2957609 1567111 1390498 124877 81475 43402 602956 330582 272374 1800569 REPLACEMENT RESERVE 169505 C RESIDUAL RECEIPTS 30306 C 199811 ACCRUED MGMT FEE PAYABLE 870 SECURITY DEPOSITS 15145 RESIDUAL RECEIPTS AVAILABLE FOR RECAPTURE 20556 36571 X 273803 0 273803 0 273803 389069 0 389069 0 389069 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. FORM 990, PART VI, SECTION A, LINE 2 DICK DEARINGER, THE PRESIDENT ON THE BOARD, IS THE SPOUSE OF LINDA DEARINGER, THE SECRETARY ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 3 MARION SENIOR LIVING, INC. UTILIZES SELDIN COMPANY TO PROVIDE ALL OF THE DAY-TO-DAY SERVICES AND OTHER ADMINISTRATIVE SERVICES OF THE FACILITY. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE PRESIDENT OF THE BOARD, WHICH IN TURN DISPERSES A COMPLETE COPY OF THE 990 TO THE REST OF THE BOARD OF DIRECTORS FOR THEIR REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AT THE FIRST BOARD MEETING OF THE YEAR. THE BOARD READS THE POLICY AND MAKES ANY NECESSARY CHANGES. NEW DIRECTORS ARE ELECTED AT THE FIRST MEETING OF THE YEAR AND ARE INCLUDED IN THE ANNUAL REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDITING FUNCTION: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. MARION PROJECT III INC 2840 S 123RD COURT OMAHA NE 68144 205386019 LOW INCOME RENTAL REAL ESTATE IA 501(C)(3) LINE 7 N/A 0 MARION CHURCHES SENIOR LIVING COMMUNITY FOUNDATION PO BOX 572 MARION IA 52023 421427156 LOW INCOME RENTAL REAL ESTATE IA 501(C)(3) LINE 7 N/A 0 SCOTT MEADOWS SENIOR HOUSING LP 2840 S 123RD COURT OMAHA NE 68144 421526674 SENIOR HOUSING IA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0