2026-08-26T08:45:39-05:00 2025-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2025-01-01 470618515 MONARCH VILLA INC MONA 4023316882 301 EAST CEDARDALE ROAD PAPILLION NE 68046 ROBERT OLSON PRESIDENT 4023316882 2026-08-26 1 ABIGAIL HEDGES CPA P02058156 3177456411 2026-08-26 2025 2025-03-06 01:10:19Z ROBERT OLSON 301 EAST CEDARDALE ROAD PAPILLION NE 68046 862053 0 X N/A X 1980 NE AFFORDABLE HOUSING - SEE PART III LINE 1 FOR MISSION STATEMENT. 8 8 0 8 0 0 412369 438072 393036 397763 3627 3180 35619 23038 844651 862053 0 0 0 0 192002 199118 0 0 0 589746 629177 781748 828295 62903 33758 1205658 1182673 1375000 1318257 -169342 -135584 X TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES ARE TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATIONS THEREOF ON A NONPROFIT BASIS. 0 0 778148 420801 PROVIDING HOUSING FOR THE ELDERLY OR HANDICAPPED OPERATES A 76 UNIT APARTMENT COMPLEX IN ACCORDANCE WITH U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GUIDELINES. 778148 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 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X JAMES KIMBALL 4023316882 301 E CEDARDALE ROAD PAILLION NE 68046 X ROBERT OLSON PRESIDENT 1.00 X X 0 0 0 CHRISTOPHER MCMEEKIN VICE PRESIDENT 1.00 X X 0 0 0 PUNKY SKINNER SECRETARY 1.00 X X 0 0 0 STEVE SNODGRASS TREASURER 1.00 X X 0 0 0 SCOT ABELS DIRECTOR 1.00 X 0 0 0 CURTIS RAINGE DIRECTOR 1.00 X 0 0 0 AMBER RUPIPER DIRECTOR 1.00 X 0 0 0 LISA STROHMYER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 438072 438072 RENT REVENUE 531110 397763 397763 397763 3180 3180 MISCELLANEOUS INCOME 900099 23038 23038 23038 862053 420801 0 3180 149184 149184 37869 37869 12065 12065 50147 50147 983 983 12940 12940 448 448 49670 49670 341804 341804 42412 42412 89611 89611 41162 41162 828295 778148 50147 0 17815 29892 400 2917 16712 23127 3412454 2943303 520223 469151 572372 582011 44462 41593 33674 33982 1205658 1182673 116478 118482 213 256 1230753 1170059 27556 29460 1375000 1318257 X -169342 -135584 -169342 -135584 1205658 1182673 33758 0 X X 0 1 X 1 1 1 X 742795 409888 406899 412369 438072 2410023 742795 409888 406899 412369 438072 2410023 2410023 485 731 3035 3627 3180 11058 35619 23038 58657 2479738 1486427 0.97190 0.98400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77517 77517 3127931 2739064 388867 1117 1117 0 205889 203122 2767 469151 REPLACEMENT RESERVE 506944 F ESCROW DEPOSITS 75024 F RESIDUAL RECEIPTS RESERVE 43 F 582011 SECURITY DEPOSITS 29460 29460 X 862053 0 862053 0 862053 828295 0 828295 0 828295 PART X, LINE 2: MONARCH VILLA IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. MONARCH VILLA IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES REQUIRE MONARCH VILLA TO EXAMINE ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. MONARCH VILLA IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT 12 MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. MONARCH VILLA'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN ITS STATEMENTS OF ACTIVITIES AS A COMPONENT OF OPERATING EXPENSES, WHICH TOTAL $0 FOR DECEMBER 31, 2025 AND 2024. MONARCH VILLA'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE. FORM 990, PART VI, SECTION A, LINE 3 MONARCH VILLA, INC. HAS A MANAGEMENT AGENT CONTRACT WITH KIMBALL MANAGEMENT COMPANY FOR DAILY OPERATIONS. ON A MONTHLY BASIS, KIMBALL MANAGEMENT COMPANY REPORTS TO THE BOARD OF DIRECTORS ON FINANCIAL OPERATIONS AND COMPLIANCE WITH LAWS AND REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B MONARCH VILLA, INC. BOARD OF DIRECTORS AND MANAGEMENT AGENT REVIEWS INTERNAL REVENUE SERVICE (IRS) FORM 990. AFTER REVIEW AND REVISIONS, IT IS PRESENTED TO THE FULL BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 MONARCH VILLA, INC. MAKES GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE UPON WRITTEN REQUEST AT 301 EAST CEDARDALE ROAD, PAPILLION, NE 68046. FORM 990, PART XII, LINE 2C MONARCH VILLA, INC. BOARD OF DIRECTORS (ALONG WITH THE MANAGEMENT AGENT) ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND RESPONSIBILITY FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT.