2024-07-30T08:45:50-05:00 2023-09-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-10-01 470733395 GREAT PLAINS PLATTE VALLEY APARTMENTS INC GREA 4023337373 2840 S 123RD COURT OMAHA NE 68144 RANDY SQUIER PRESIDENT 4023337373 2024-07-30 1 1 EKATERINA GWYN P01333750 3178485700 2022 2024-08-08 14:25:15Z X PLATTE VALLEY APARTMENTS RANDY SQUIER 2840 S 123RD COURT OMAHA NE 68144 1511942 0 X N/A X 1992 NE GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED IN 1992 UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION, WHICH WAS FORMED FOR THE PURPOSE OF OPERATING THREE 10-UNIT COMMUNITIES LOCATED IN GRAND ISLAND, KEARNEY AND NORTH PLATTE, NEBRASKA, IS KNOWN AS THE PLATTE VALLEY APARTMENTS AND PROVIDES HOUSING FOR DISABLED VETERANS. THE CORPORATION IS SUBJECT TO THE PROVISIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ADDITIONALLY, THE CORPORATION HAS ENTERED INTO A STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF HUD. ALSO, THE CORPORATION IS PARTY TO A HOUSING ASSISTANCE PAYMENTS CONTRACT ("HAP CONTRACT") WITH HUD. THE HAP CONTRACT PROVIDES ASSISTANCE TO LOW INCOME FAMILIES (OR PERSONS) UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, AS AMENDED, FOR ALL 30 UNITS. X 9 9 0 9 0 0 221423 112189 99834 60143 129 670435 13783 7877 335169 850644 0 0 0 0 0 0 0 0 0 339792 118245 339792 118245 -4623 732399 874879 0 1607278 0 -732399 0 X GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED IN 1992 UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION, WHICH WAS FORMED FOR THE PURPOSE OF OPERATING THREE 10-UNIT COMMUNITIES LOCATED IN GRAND ISLAND, KEARNEY AND NORTH PLATTE, NEBRASKA, IS KNOWN AS THE PLATTE VALLEY APARTMENTS AND PROVIDES HOUSING FOR DISABLED VETERANS. THE CORPORATION IS SUBJECT TO THE PROVISIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ADDITIONALLY, THE CORPORATION HAS ENTERED INTO A STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF HUD. ALSO, THE CORPORATION IS PARTY TO A HOUSING ASSISTANCE PAYMENTS CONTRACT ("HAP CONTRACT") WITH HUD. THE HAP CONTRACT PROVIDES ASSISTANCE TO LOW INCOME FAMILIES (OR PERSONS) UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, AS AMENDED, FOR ALL 30 UNITS. 0 0 88804 730441 GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED IN 1992 UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION, WHICH WAS FORMED FOR THE PURPOSE OF OPERATING THREE 10-UNIT COMMUNITIES LOCATED IN GRAND ISLAND, KEARNEY AND NORTH PLATTE, NEBRASKA, IS KNOWN AS THE PLATTE VALLEY APARTMENTS AND PROVIDES HOUSING FOR DISABLED VETERANS. THE CORPORATION IS SUBJECT TO THE PROVISIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ADDITIONALLY, THE CORPORATION HAS ENTERED INTO A STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF HUD. ALSO, THE CORPORATION IS PARTY TO A HOUSING ASSISTANCE PAYMENTS CONTRACT ("HAP CONTRACT") WITH HUD. THE HAP CONTRACT PROVIDES ASSISTANCE TO LOW INCOME FAMILIES (OR PERSONS) UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, AS AMENDED, FOR ALL 30 UNITS. 88804 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 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X SELDIN COMPANY 4023337373 2840 S 123RD COURT OMAHA NE 68144 X X RANDY SQUIER PRESIDENT 3.00 12.00 X X 0 0 0 JOHN SCOTT VICE PRESIDENT 2.00 6.00 X X 0 0 0 SETH KOTOUC TREASURER 1.00 3.00 X X 0 0 0 WILL LEAVITT SECRETARY 1.00 3.00 X X 0 0 0 MARY BUSHMAN EXEC DIRECTOR 5.00 15.00 X X 0 0 0 DAVE NELSON NATIONAL DIRECTOR 1.00 3.00 X X 0 0 0 MARK LINQUIST DIRECTOR 1.00 3.00 X 0 0 0 DICK HELVEY DIRECTOR 1.00 3.00 X 0 0 0 TOM TIMMERMAN DIRECTOR 1.00 3.00 X 0 0 0 0 0 0 0 0 0 0 0 112189 112189 RENTAL INCOME 531110 60143 60143 60143 137 137 1331596 661298 670298 670298 670298 OTHER REVENUE-MISC. 531110 6738 6738 LAUNDRY & VENDING 531110 814 814 TENANT CHARGES 531110 325 325 7877 850644 730441 0 8014 11402 11402 2265 2265 196 196 4221 4221 23147 23147 1057 1057 65657 65657 MGMT COMP EMPLOYEE CHAR 10300 10300 118245 88804 29441 0 6361 0 0 0 811 0 0 0 0 0 4169 0 0 0 667947 0 0 0 137082 0 50586 0 7923 0 874879 0 82287 0 3579 0 1474635 0 46777 0 1607278 0 X -732399 0 -732399 0 874879 0 732399 0 X 0 0 0 X 231772 224335 219314 221423 112189 1009033 79267 87142 94962 99834 60143 421348 311039 311477 314276 321257 172332 1430381 0 0 0 1430381 395 332 188 129 137 1181 395 332 188 129 137 1181 2354 3429 52644 13783 7877 80087 313788 315238 367108 335169 180346 1511649 0.94620 0.95300 0.00080 0.00080 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. NOT INCLUDED ON SCHEDULE A, PART III, PER THE INSTRUCTIONS, IS THE SALE OF ALL THE FIXED ASSETS IN THE CURRENT YEAR TO SDI PLATTE VALLEY, LLC (OWNED BY SIMBA DEVELOPMENT, INC). THE GAIN ON THE SALE INCLUDED IN REVENUE IN THE CURRENT YEAR IS $670,298. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FIXED ASSETS OF GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. 2023-01-16 1331596 COST 470757818 SIMBA DEVELOPMENT INC 1326 NORTH 160TH ST OMAHA NE 68118 501(C)(3) 0 0 0 0 0 1 1 1 0 PART I, LINE 3: THE ORGANIZATION'S BYLAWS STATE THAT IN THE EVENT OF DISSOLUTION, "ANY ASSETS REMAINING AFTER PAYMENT OF DEBTS WOULD BE DISTRIBUTED TO A 501(C)(3) ORGANIZATION AFFILIATED WITH THE PARALYZED VETERANS OF AMERICA, INC." THE ORGANIZATION SOLD ITS PROPERTY TO A LIMITED LIABILITY COMPANY (LLC) NOT AFFILIATED WITH THE PARALYZED VETERANS OF AMERICA, INC.; HOWEVER, THE LLC'S SOLE OWNER IS A 501(C)(3) CORPORATION AND THE LLC WAS FORMED TO OWN AND OPERATE THE HOUSING COMMUNITY FOR LOW-INCOME INDIVIDUALS - A PURPOSE IN LINE WITH THE ORGANIZATION'S PURPOSE. AS SUCH, THE SALE WAS APPROVED BY THE ORGANIZATION'S OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. IS MANAGED BY SELDIN COMPANY, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. SELDIN COMPANY HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED SELDIN COMPANY TO MANAGE THE GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 6 THE DIRECTORS OF THE CORPORATION MUST AT ALL TIMES BE MEMBERS OF THE CORPORATION AS STATE IN THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A AS NOTED IN THE BY-LAWS MEMBERSHIP IN THE CORPORATION SHALL AT ALL TIMES BE LIMITED TO INDIVIDUALS WHO ARE EITHER (1) DIRECTORS OF THE GREAT PLANS CHAPTER OF PARALYZED VETERANS OF AMERICA, OR (20 MEMBERS OF THE GREAT PLAINS CHAPTER OF PARALYZED VETERANS OF AMERICA, AND WHO HAVE THE APPROVAL OF THE DIRECTORS OF THE GREAT PLAINS CHAPTER OF THE PARALYZED VETERANS OF AMERICA. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEW AND APPROVE DISBURSEMENTS AT THEIR MONTHLY BOARD MEETING. ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AND DISCUSSED AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS AND DIRECTORS OF GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. RECEIVED NO COMPENSATION FROM GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. OR ANY RELATED ENTITY. 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. PART VII, SECTION A, LINE 1A, COLUMN B: AVERAGE NUMBER OF HOURS WORKED: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. GREAT PLAINS CHAPTER-PVA 7612 MAPLE STREET OMAHA NE 681346502 237193599 ASSIST SPINAL CORD INJURED NE 501(C)(3) LINE 10 N/A 0 MAISONS DENREE INC 7612 MAPLE STREET OMAHA NE 681346502 363499674 LOW INCOME ACCESSIBLE HOUSING NE 501(C)(3) LINE 10 N/A 0 MAISONS DENREE II INC 7612 MAPLE STREET OMAHA NE 681346502 363522463 LOW INCOME ACCESSIBLE HOUSING IA 501(C)(3) LINE 10 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 FORM 990, SCHEDULE R, PART V, LINE 1N: EXPENSE REIMBURSEMENT: SELDIN COMPANY, THE MANAGEMENT COMPANY, PROCURED CASUALTY AND LIABILITY INSURANCE PROTECTION OF THE PROJECT. THE INSURANCE WAS PROVIDED AT COMPETITIVE MARKET PRICES PER THE SELDIN COMPANY LETTER TO THE NEBRASKA HUD OFFICE. SHARING OF PAID EMPLOYEES: SELDIN COMPANY IS THE MANAGEMENT COMPANY AND EMPLOYS THE INDIVIDUALS WHO WORK AT THE PROJECT. GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. REIMBURSES THE MANAGEMENT COMPANY FOR THE EMPLOYEES' SALARIES AND OTHER COSTS ASSOCIATED WITH THEIR EMPLOYMENT. SCHEDULE R, PAGE 3 LINE 1E: IN 2018 AND 2019, THE SPONSOR HAD ADVANCED THE COMMUNITY $21,044 AND $33,914 TO FUND OPERATING DEFICITS, RESPECTIVELY. AS OF SEPTEMBER 30, 2023 AND 2022, ADVANCES OF $54,958 REMAIN DUE TO THE SPONSOR. THE CORPORATION NEEDS HUD APPROVAL PRIOR TO MAKING REPAYMENT OF THIS ADVANCE.