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Nonprofit · EIN 20-5386019

MARION PROJECT III INC

Tax-exempt · OMAHA, NE 68144

Financials

$269K$383K2023$296K$391K2024
Revenue Expenses · by fiscal year end
Financials of MARION PROJECT III INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$296,244$390,575-$94,331$2,752,260$36,874$2,715,386
December 31, 2023990$269,377$382,693-$113,316$2,853,051$43,334$2,809,717
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$92,735
of which government grants
$92,735
Program service revenue
$198,233
Investment income
$1,299
Other revenue
$3,977

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$17,137
Occupancy
$111,105
Travel
$701
Depreciation
$125,658
Program services (functional)
$344,585
Management and general (functional)
$45,990

Balance sheet and other

Total assets, start of year
$2,853,051
Total assets, end of year
$2,752,260
Total liabilities, end of year
$36,874
Net assets, end of year
$2,715,386
Land, buildings and equipment
$2,574,698
Net assets without donor restrictions
-$1,262,914
Net assets with donor restrictions
$3,978,300
Gross receipts
$296,244
Employees
0
Volunteers
7
Year formed
2006
State of legal domicile
IA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DICK DEARINGERPRESIDENT
Trustee or director, Officer
2$0
KEN STANFORDVICE PRESIDENT
Trustee or director, Officer
2$0
TAMMY DANOVERTREASURER
Trustee or director, Officer
2$0
LINDA DEARINGERSECRETARY
Trustee or director, Officer
2$0
SCOTT DRAPERDIRECTOR
Trustee or director
0.5$0
KATHLEEN LAMMERSDIRECTOR
Trustee or director
0.5$0
DICK GRIMMDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DICK DEARINGERPRESIDENT
Trustee or director, Officer
2$0
SCOTT DRAPERVICE PRESIDENT
Trustee or director, Officer
2$0
TAMMY DANOVERTREASURER
Trustee or director, Officer
2$0
LINDA DEARINGERSECRETARY
Trustee or director, Officer
2$0
KATHLEEN LAMMERSDIRECTOR
Trustee or director
0.5$0
KEN STANFORDDIRECTOR
Trustee or director
0.5$0
DICK GRIMMDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
2840 S 123RD CT, OMAHA, NE 68144-3952
In care of
% NEWBURY MANAGEMENT COMPANY
Principal officer (990 for 2024)
DICK DEARINGER, 2840 S 123RD COURT, OMAHA, NE 68144
Signed the 990
TAMARA DANOVER, TREASURER
Phone
(402) 979-8149
Return prepared by
DAUBY O'CONNOR & ZALESKI LLC

Mission

MARION PROJECT III, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF IOWA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF CONSTRUCTING, OWNING AND OPERATING A 40 UNIT COMMUNITY KNOWN AS TRINITY POINTE (THE "COMMUNITY") LOCATED IN MARION, IOWA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.THE CORPORATION ENTERED INTO A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WHICH CONTAINS, AMONG OTHER THINGS, RESTRICTIONS ON TRANSFERRING ANY OF THE COMMUNITY'S PROPERTY, ASSIGNING THE RIGHTS TO MANAGE OR RECEIVE THE RENTS AND PROFITS OF THE PROPERTY OR ASSUMING ADDITIONAL INDEBTEDNESS. PURSUANT TO THE REGULATORY AGREEMENT, THE COMMUNITY MUST MAINTAIN 39 OF ITS 40 UNITS AS AFFORDABLE TO LOW INCOME ELDERLY PERSONS. THE COMMUNITY IS OBLIGATED TO RECERTIFY RESIDENT ELIGIBILITY ON AN ANNUAL BASIS.

990 for the year ended December 31, 2024

Program accomplishments

  • MARION PROJECT III, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF IOWA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF CONSTRUCTING, OWNING AND OPERATING A 40 UNIT COMMUNITY KNOWN AS TRINITY POINTE (THE "COMMUNITY") LOCATED IN MARION, IOWA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.THE CORPORATION ENTERED INTO A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WHICH CONTAINS, AMONG OTHER THINGS, RESTRICTIONS ON TRANSFERRING ANY OF THE COMMUNITY'S PROPERTY, ASSIGNING THE RIGHTS TO MANAGE OR RECEIVE THE RENTS AND PROFITS OF THE PROPERTY OR ASSUMING ADDITIONAL INDEBTEDNESS. PURSUANT TO THE REGULATORY AGREEMENT, THE COMMUNITY MUST MAINTAIN 39 OF ITS 40 UNITS AS AFFORDABLE TO LOW INCOME ELDERLY PERSONS. THE COMMUNITY IS OBLIGATED TO RECERTIFY RESIDENT ELIGIBILITY ON AN ANNUAL BASIS.
    Expenses $344,585 · revenue $198,233

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-5386019
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,752,260
Income (IRS master file)
$296,244

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$296,244$390,575$2,752,260XML
990December 2023$269,377$382,693$2,853,051XML
990December 2022$246,876$395,827$2,994,352IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5386019).

Questions about MARION PROJECT III INC

What is the EIN of MARION PROJECT III INC?
The employer identification number (EIN) of MARION PROJECT III INC is 20-5386019.
Is MARION PROJECT III INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to MARION PROJECT III INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARION PROJECT III INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MARION PROJECT III INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MARION PROJECT III INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MARION PROJECT III INC?
The 990 for the year ended December 31, 2024 names DICK DEARINGER.
Who are the officers and directors of MARION PROJECT III INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does MARION PROJECT III INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $296,244, expenses of $390,575 and total assets of $2,752,260 at year end.

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