2024-10-30T12:23:19-04:00 2024-03-31 510202843 LANK JOHNSON & TULL CPAS 521 N MARKET ST EXT SEAFORD DE 19973 990 2023-04-01 522006546 DIMA VII INC DIMA 3024270787 2400 WEST FOURTH STREET WILMINGTON DE 19805 EDWARD MCNALLY PRESIDENT/SECRETARY 3024270787 2024-10-30 true true RICHARD L TULL CPA P00158719 3026299543 2024-10-30 2023 2024-10-15 13:58:12Z EDWARD MCNALLY 106 MARCELLA RD WILMINGTON DE 198033411 122791 false X N/A X 1996 DE TO PROVIDE SAFE, AFFORDABLE HOUSING TO THOSE IN OUR COMMUNITY WHO ARE LIVING WITH MENTAL ILLNESS. 6 6 0 6 0 48673 85786 32391 36298 69 707 173 0 81306 122791 0 0 15290 14802 0 0 90470 99326 105760 114128 -24454 8663 510062 500779 1043722 1026785 -533660 -526006 TO PROVIDE SAFE, AFFORDABLE HOUSING TO THOSE IN OUR COMMUNITY WHO ARE LIVING WITH MENTAL ILLNESS. false false 104128 36298 TO PROVIDE SAFE, AFFORDABLE HOUSING FOR THOSE IN OUR COMMUNITY LIVING WITH MENTAL ILLNESS. TO SOLICIT, RECEIVE, INVEST, ADMINISTER AND DISTRIBUTE FUNDS FOR THE STATED PURPOSE. 104128 true false false false false false false false true 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 6 6 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 TRUSTEE 1.00 X 0 0 0 MERTON BRIGGS TREASURER 4.00 X X 0 0 0 LISA DELEONARDO TRUSTEE 1.00 X 0 0 0 SARAH GALBRAITH TRUSTEE 1.00 X 0 0 0 EDWARD MCNALLY PRESIDENT/SE 2.00 X X 0 0 0 BURLEY MELTON TRUSTEE 1.00 X 0 0 0 false false false 85786 85786 RENT REVENUE - TENANT PORTION 532000 36298 36298 36298 707 707 122791 36298 707 11638 11638 2189 2189 975 975 11060 11060 10000 10000 60 60 2133 2133 44926 44926 1059 1059 30088 30088 114128 104128 10000 0 5075 5786 5819 5830 4452 367 1118561 663025 470384 455536 28062 29530 510062 500779 34670 16688 5185 6532 1658 1658 989100 989100 8895 8895 4214 3912 1043722 1026785 X -533660 -526006 -533660 -526006 510062 500779 X 8663 -1009 X false true X true true true X 49045 42483 41065 48673 85786 267052 25491 30714 29227 32564 36298 154294 74536 73197 70292 81237 122084 421346 421346 171 6 5 69 707 958 171 6 5 69 707 958 74707 73203 70297 81306 122791 422304 0.99770 0.99890 0.00000 0.00000 X false false 96022 96022 1018878 659364 359514 455536 REPLACEMENT RESERVE 29530 F 29530 MINIMUM CAPITAL RESERVE 3912 3912 X 122791 122791 122791 114128 114128 114128 SCHEDULE D, PAGE 3, PART X DIMA VII, INC. QUALIFIES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE SERVICE (IRS) CODE. HOWEVER, INCOME FROM 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. THE FINANCIAL ACCOUNTING STANDARDS BOARD ON STATEMENTS PERTAINING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FEDERAL RETURNS OF THE ORGANIZATION FOR THE PRIOR THREE YEARS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE TAX POSITIONS TAKEN BY THE ORGANIZATION DURING THESE YEARS ARE BASED ON CLEAR AND UNAMBIGUOUS TAX LAW; MANAGEMENT HAS A HIGH LEVEL OF CONFIDENCE IN THE TECHNICAL MERITS OF THE POSITIONS TAKEN. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER. 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 PROJECT'S FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE FOR INSPECTION. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9 ALLOWANCE FOR CURRENT EXPECTED CREDIT LOSSES -1,009