2023-11-09T13:59:32-06:00 2022-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-01-01 352118149 NORTHEAST NEIGHBORHOOD REVITALIZATION ORGANIZATION INC NORT 5742891066 803 LINCOLNWAY WEST SOUTH BEND IN 46616 TIM SEXTON PRESIDENT 5742891066 2023-11-09 1 TIM SEXTON 999009999 0 JONATHAN B SCOTT P00291986 3178485700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIM SEXTON 803 LINCOLNWAY WEST SOUTH BEND IN 46616 375720 0 X WWW.SBHERITAGE.ORG X 2000 IN IMPROVE THE PHYSICAL, SOCIAL AND ECONOMIC ENVIRONMENT OF THE NORTHEAST NEIGHBORHOOD OF SOUTH BEND, INDIANA. 16 16 0 0 0 0 321500 368266 6985 7440 14 14 24654 0 353153 375720 0 0 0 0 0 0 0 0 14209 314819 302316 314819 302316 38334 73404 853536 1029941 19418 122419 834118 907522 THE ORGANIZATION WAS CREATED FOR THE PURPOSE OF NEIGHBORHOOD-BASED PLANNING, COMMUNITY ORGANIZATION, LAND ACQUISITION, AND RESIDENTIAL AND COMMERCIAL DEVELOPMENT BY REVITALIZING THE NORTHEAST NEIGHBORHOOD OF SOUTH BEND, IN. 0 0 169160 7440 EXPENSES INCURRED TO FACILITATE THE REVITALIZATION EFFORTS OF THE NORTHEAST NEIGHBORHOOD OF SOUTH BEND, IN BY FOSTERING:A SAFE CLEAN AND ATTRACTIVE NEIGHBORHOOD, ECONOMICALLY AND ETHNICALLY DIVERSE COMMUNITY, HIGH-QUALITY HOUSING AND INCREASED HOME OWNERSHIP, ATTRACTIVE AND APPROPRIATE RETAIL AND COMMERCIAL DEVELOPMENT, GOOD SCHOOLS AND IMPROVED EDUCATIONAL OPPORTUNITIES. 169160 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IN X BRANDON GERLACH 5742891066 803 LINCOLNWAY WEST SOUTH BEND IN 46616 X TIM SEXTON PRESIDENT 3.00 X X 0 0 0 WILLIAM STENZ VICE PRESIDENT 3.00 X X 0 0 0 MARGUERITE TAYLOR EXECUTIVE COMMITTEE 3.00 X 0 0 0 CHARLES F NELSON TREASURER 3.00 X X 0 0 0 SOLOMON L ANDERSON BOARD MEMBER - RESIDENT 3.00 X 0 0 0 MIKE HASTINGS BOARD MEMBER - EXECUTIVE C 3.00 X 0 0 0 KISHA HOOVER SECRETARY 3.00 X X 0 0 0 KARL G KING BOARD MEMBER - EXECUTIVE C 3.00 X 0 0 0 JESSICA MCCREA BOARD MEMBER - RESIDENT 3.00 X 0 0 0 BRANDON PRINCE FORMER BOARD MEMBER 3.00 X 0 0 0 LAURIE NAFZIGER BOARD MEMBER 3.00 X 0 0 0 JORDAN GATHERS BOARD MEMBER 3.00 X 0 0 0 MATTHEW J GRAY BOARD MEMBER 3.00 X 0 0 0 GREG HAKANEN BOARD MEMBER - EXECUTIVE C 3.00 X 0 0 0 JEFF JURGONSKI BOARD MEMBER 3.00 X 0 0 0 ERICA SUN BOARD MEMBER 3.00 X 0 0 0 0 0 0 0 0 0 0 0 36000 332266 368266 RENTAL INCOME 531110 7440 7440 7440 14 14 375720 7440 0 14 14209 14209 1779 1779 23733 23085 648 6517 6517 8556 8556 MGMT CO EMPLOYEE CHARGE 130536 130536 MANAGEMENT FEE 112311 112311 ENTERTAINMENT 2675 2675 MISCELLANEOUS 1534 1534 466 466 302316 169160 118947 14209 355213 320816 47343 47357 500 500 18750 30168 4113 4113 474971 69876 232298 405095 195319 221892 853536 1029941 18136 122419 1282 0 19418 122419 X 819570 907522 14548 0 834118 907522 853536 1029941 73404 0 X 0 1 X 0 1 1 X 875436 885778 407275 321500 368266 2858255 875436 885778 407275 321500 368266 2858255 2858255 7354 7498 41 14 14 14921 5750 7371 24654 37775 2910951 21875 0.98190 0.98090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120632 120632 309314 24851 284463 13244 13244 0 31781 31781 0 405095 PROPERTY HELD FOR SALE 221892 221892 375720 0 375720 0 375720 302316 0 302316 0 302316 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT THE ORGANIZATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A). THE INCOME TAXES TOPIC, FASB ASC 740, CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. ASC 740 REQUIRES AN ORGANIZATION TO DISCLOSE THE NATURE OF UNCERTAIN TAX POSITIONS TAKEN, IF ANY, WHEN FILING ITS INCOME TAX RETURN UTILIZING A TWO-STEP PROCESS TO RECOGNIZE AND MEASURE ANY UNCERTAIN TAX POSITIONS TAKEN. THE ENTITY RECOGNIZES A TAX BENEFIT ONLY IF IT IS MORE THAN NOT THE POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. NO TAX BENEFIT WILL BE RECORDED ON TAX POSITIONS NOT MEETING THE MORE LIKELY THAN NOT TEST. INTEREST AND PENALTIES ACCRUED OR INCURRED, IF ANY, AS A RESULT OF APPLYING ASC 740 WILL BE RECORDED TO INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. BASED ON ITS EVALUATION, THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE ORGANIZATION'S EVALUATION WAS PERFORMED FOR ALL FEDERAL AND STATE TAX PERIODS STILL SUBJECT TO EXAMINATION. THE ORGANIZATION'S 2017 THROUGH 2020 FEDERAL AND STATE EXEMPT ORGANIZATION RETURNS REMAIN SUBJECT TO EXAMINATION BY THE IRS AND STATE TAXING AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE TWO CLASSES OF MEMBERSHIP, CLASS A AND CLASS B. MEMBERS SHALL BE DESIGNATED AS CLASS A MEMBERS OR CLASS B MEMBERS ACCORDING TO THE AMOUNTS OF THE RESPECTIVE CONTRIBUTIONS OF FUNDS TO THE CORPORATION. MEMBERS WILL BE DESIGNATED AS CLASS A BY CONTRIBUTING, OR MAKING A COMMITMENT TO CONTRIBUTE, NO LESS THAT THREE HUNDRED THOUSAND DOLLARDS ($300,000) OVER A PERIOD NO LONGER THAN FIVE (5) YEARS. MEMBERS WILL BE DESIGNATED AS CLASS B BY CONTRIBUTING, OR MAKING A COMMITMENT TO CONTRIBUTE, NO LESS THAN ONE HUNDRED TWENTY-FIVE THOUSAND DOLLARDS ($125,000) AND UP TO THREE HUNDRED THOUSAND DOLLARS ($300,000) OVER A PERIOD NO LONGER THAN FIVE (5) YEARS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES WILL BE COMPOSED BY TWO (2) PERSONS WHO ARE NOMINATED BY THE CHIEF EXECUTIVE OFFICER OF EACH CLASS A MEMBER. THE BOARD WILL ALSO BE COMPOSED OF ONE (1) PERSON WHO IS NOMINATED BY THE CHIEF EXECUTIVE OFFICER OF EACH CLASS B MEMBER. LASTLY, FOR EACH TRUSTEE NOMINATED BY THE CLASS A MEMBERS AND CLASS B MEMBERS, ONE ADDITIONAL PERSON (HEREAFTER REFERRED TO AS "RESIDENT TRUSTEE") WHO IS NOMINATED BY A NOMINATING COMMITTEE AND WHO IS A RESIDENT OF THE AREA GENERALLY KNOWN IN THE CITY OF SOUTH BEND AS THE NORTHEAST NEIGHBORHOOD, WHICH IS BOUNDED ON THE NORTH BY ANGELA BOULEVARD AND EDISON STREET, ON THE EAST BY TWYCKENHAM DRIVE, ON THE SOUTH BY JEFFERSON BOULEVARD WEST OF EDDY STREET AND COLFAX AVENUE EAST OF EDDY STREET, AND ON THE WEST BY THE ST. JOSEPH RIVER AND MICHIGAN STREET. AT LEAST ONE (1) RESIDENT TRUSTEE SHALL BE ELECTED TO SERVE AS A RESIDENT TRUSTEE BY THE NORTHEAST NEIGHBORHOOD COUNCIL ("NENC"). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS THE FORM 990 AND DISCUSSES ITS CONTENTS BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD REVIEWS ALL VENDOR RELATIONSHIPS FOR POTENTIAL CONFLICTS OF INTEREST WITH BOARD MEMBERS PRIOR TO PURCHASING GOODS AND/OR SERVICES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.