2019-05-14T12:57:39-05:00 2018-12-31 351307701 KRUGGEL LAWTON & COMPANY LLC 210 S MICHIGAN ST SUITE 200 SOUTH BEND IN 46601 990 2018-01-01 352118149 NORTHEAST NEIGHBORHOOD REVITALIZATION ORGANIZATION INC NORT 5742891066 803 LINCOLNWAY WEST SOUTH BEND IN 46616 MARCO MARIANI AUTHORIZED REPRESENTATIVE 5742891066 2019-05-10 1 MARGENE ZINK P01222961 5742894011 2019-05-08 199.58.74.130 2019-05-10 12:58:04 ED P 5824EC65DA0A9223BFB28944593A31557FB39942 9762094311112B17F07E8522B3A25D6B3FC1555B 2018 2019-02-21 02:37:17Z MARCO MARIANI 803 LINCOLNWAY WEST SOUTH BEND IN 46616 888540 0 X SBHERITAGE.ORG X 2000 IN IMPROVE THE PHYSICAL, SOCIAL AND ECONOMIC ENVIRONMENT OF THE NORTHEAST NEIGHBORHOOD OF SOUTH BEND, INDIANA. 15 15 0 0 0 0 387521 875436 0 0 -12401 54 3200 13050 378320 888540 1000 0 0 0 0 0 0 0 15940 391097 448366 392097 448366 -13777 440174 620672 1084131 74203 97488 546469 986643 THE ORGANIZATION WAS CREATED FOR THE PURPOSE OF NEIGHBORHOOD-BASEDPLANNING, COMMUNITY ORGANIZATION, LAND ACQUISITION, AND RESIDENTIALAND COMMERCIAL DEVELOPMENT BY REVITALIZING THE NORTHEAST NEIGHBORHOODOF SOUTH BEND, IN. 0 0 311166 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. 311166 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IN X MICHELE BROWN 5742891066 803 LINCOLNWAY WEST SOUTH BEND IN 46616 X SOLOMON L ANDERSON BOARD MEMBER - RESIDENT 3.00 X 0 0 0 GREGORY P HAKANEN BOARD MEMBER - EXECUTIVE C 3.00 X 0 0 0 KISHA HOOVER BOARD MEMBER - EXECUTIVE C 3.00 X 0 0 0 KARL G KING BOARD MEMBER - EXECUTIVE C 3.00 X 0 0 0 ALKEYNA ALDRIDGE BOARD MEMBER 3.00 X 0 0 0 LISA WINE BOARD MEMBER 3.00 X 0 0 0 ANN PUZZELLO BOARD MEMBER - RESIDENT 3.00 X 0 0 0 MATTHEW J GRAY BOARD MEMBER 3.00 X 0 0 0 BILL STENZ BOARD MEMBER - RESIDENT 3.00 X 0 0 0 BEATRICE PHILLIPS BOARD MEMBER - RESIDENT 3.00 X 0 0 0 CHAD TOWNER BOARD MEMBER 3.00 X 0 0 0 LARRY TRACY BOARD MEMBER 3.00 X 0 0 0 CHARLES F NELSON BOARD MEMBER - TREASURER 3.00 X X 0 0 0 TIM SEXTON BOARD MEMBER - PRESIDENT 3.00 X X 0 0 0 MARGUERITE A TAYLOR BOARD MEMBER - SECRETARY 3.00 X X 0 0 0 0 0 0 0 0 0 0 0 443308 432128 875436 54 54 7300 0 7300 7300 7300 MISCELLANEOUS INCOME 900099 5750 5750 5750 888540 13050 0 54 X 302864 186788 101653 14423 2267 2182 85 24726 24726 860 860 3333 3333 8436 8436 VALUATION EXPENSE 99652 99652 MISCELLANEOUS 4796 4796 ENTERTAINMENT 1432 1432 448366 311166 121260 15940 177120 379280 47903 24459 75000 50850 3586 177275 53359 125000 123916 195649 502040 620672 1084131 56203 29488 18000 68000 74203 97488 X 535836 896765 10633 89878 546469 986643 620672 1084131 440174 0 X 0 1 X 1 0 X 671315 586612 555625 387521 875436 3076509 671315 586612 555625 387521 875436 3076509 3076509 1079 661 94 48 7354 9236 886 30 2021 3200 5750 11887 3097632 0.99320 0.99820 X 130000 8334 121666 13244 13244 0 31781 31781 0 2250 2250 123916 EDDY STREET PROPERTIES 120632 NORTHEAST PROPERTIES 177584 VALUATION ALLOWANCE -275972 TRIANGLE PROPERTIES 130776 TRIANGLE- VALUATION RESERVE -130676 737 E SOUTH BEND AVENUE 223251 917 N HILL STREET 23913 808 N HILL STREET 232532 502040 X 888540 0 888540 0 888540 448366 0 448366 0 448366 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 ORGANIZATION'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 ORGANIZATION RECOGNIZES A TAX BENEFIT ONLY IF IT IS MORE LIKELY 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 2015 THROUGH 2017 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 THEIR RESPECTIVE CONTRIBUTIONS OF FUNDS TO THE CORPORATION. MEMBERS WILL BE DESIGNATED AS CLASS A BY CONTRIBUTING, OR MAKING A COMMITMENT TO CONTRIBUTE, NO LESS THAN THREE HUNDRED THOUSAND DOLLARS ($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 DOLLARS ($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 PUCHASING GOODS AND/OR SERVICES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DEVELOPMENT EXPENSES: PROGRAM SERVICE EXPENSES 44,021. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,021. JANITORIAL SERVICES: PROGRAM SERVICE EXPENSES 4,415. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,415. PEST CONTROL: PROGRAM SERVICE EXPENSES 613. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 613. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 136,839. MANAGEMENT AND GENERAL EXPENSES 101,653. FUNDRAISING EXPENSES 14,423. TOTAL EXPENSES 252,915. TRIANGLE MANAGEMENT: PROGRAM SERVICE EXPENSES 900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 900.