Public Charity

MARION PROJECT III INC

MARION PROJECT III INC, of OMAHA, NE, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $296K in revenue, $391K in expenses, $2.8M in total assets.

EIN: 205386019 OMAHA, NE Senior Citizens Housing & Retirement Communities NTEE: L22 Latest filing: 2024
Total Revenue$296K
Total Expenses$391K
Total Assets$2.8M
Grant Records0
Filing Years2019–2024

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.

Where $100 goes at Marion Project III Inc

How Marion Project III Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$86 Programs the work itself
$14 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $86 for programs

$86
Marion Project III, inc
All program spending · Reported in the filing: 40 units
Share on LinkedIn Share on Facebook
Add this to your website

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Dick Dearinger
DIRECTOR Dick Grimm
DIRECTOR Kathleen Lammers
VICE PRESIDENT Ken Stanford
SECRETARY Linda Dearinger
DIRECTOR Scott Draper

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $296K $391K $2.8M
2023 $269K $383K $2.9M
2022 $247K $396K $3.0M
2020 $377K $369K $3.2M
2019 $393K $328K $3.2M

Between 2019 and 2024, reported annual revenue declined from $393K to $296K (-25%), with total assets most recently reported at $2.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MARION PROJECT III INC

Complete financials, all 0 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time