2025-10-01T08:40:55-05:00 2024-12-31 341873282 CBIZ ADVISORS LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2024-09-03 994854546 NEON REAL ESTATE HOLDING COMPANY NEON 6123021505 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 WARREN MCLEAN PRESIDENT 6123021505 2025-09-30 1 1 BRUCE THIEL P00526510 6123397811 2025-09-30 2024 2025-03-06 01:10:19Z X WARREN MCLEAN 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 399999 0 X N/A X 2024 MN TO SUPPORT NORTHSIDE ECONOMIC OPPORTUNITY NETWORK. 5 5 0 5 0 0 399999 0 0 0 399999 0 0 0 0 0 4654 4654 395345 11783556 12034004 -250448 X NEON REAL ESTATE HOLDING COMPANY IS ORGANIZED AND SHALL OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, OR EDUCATIONAL PURPOSES, AND IN CONNECTION THEREWITH EXCLUSIVELY FOR THE BENEFIT OF, TO SUPPORT THE FUNCTIONS OF, AND TO ASSIST IN CARRYING OUT THE PURPOSES OF NORTHSIDE ECONOMIC OPPORTUNITY NETWORK. 0 0 4654 THE ORGANIZATION BROKE GROUND FOR THE CONSTRUCTION OF THE NEON COLLECTIVE KITCHENS BUILDING, A FOOD BUSINESS INCUBATOR AND COMMERCIAL KITCHEN FACILITY. THE ORGANIZATION WAS ESTABLISHED TO CONSTRUCT, HOLD AND MANAGE THE NEW BUILDING. 4654 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X WARREN MCLEAN 6123021505 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 WARREN MCLEAN PRESIDENT 15.00 40.00 X 0 224297 38459 STEPHEN OBAYUWANA SENIOR VP & COO 10.00 40.00 X 0 139817 20687 ANN FIX VP BUSINESS DEVELOPMENT 10.00 40.00 X 0 110714 25218 TRENT BOWMAN CHAIR 1.00 1.00 X X 0 0 0 JAMES PIERCE VICE PRESIDENT 1.00 0.00 X X 0 0 0 DAVID STREIER SECRETARY 1.00 1.00 X X 0 0 0 LUCAS WIBORG TREASURER 1.00 0.00 X X 0 0 0 PETER MCLAUGHLIN BOARD MEMBER 1.00 0.00 X 0 0 0 0 474828 84364 0 0 1 0 MA MORTENSON COMPANY 300 PARK BLVD SUITE 100 ITASCA IL 60143 CONSTRUCTION SERVICES 750369 1 399999 399999 399999 399999 0 0 0 X 4654 4654 4654 4654 0 0 5652968 1464000 4666588 0 0 4666588 0 11783556 516302 1000000 9317702 1200000 0 12034004 X -250448 0 -250448 0 11783556 X 395345 -645793 X 0 1 X 1 0 X X X 1 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK 800163521 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 659999 659999 4006589 4006589 4666588 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 1 0 WARREN MCLEAN PRESIDENT 0 192797 0 31500 0 0 0 8972 0 29487 0 262756 0 0 STEPHEN OBAYUWANA SENIOR VP & COO 0 127817 0 12000 0 0 0 5593 0 15094 0 160504 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS OF NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (NEON), A SUPPORTED ORGANIZATION OF NEON REAL ESTATE HOLDING COMPANY, OBTAINS COMPARABLE COMPENSATION DATA BY REVIEWING FORM 990 OF OTHER SIMILAR ORGANIZATIONS. THE COMPENSATION IS APPROVED BY NEON'S BOARD OF DIRECTORS. PART I, LINE 7 BONUS PAYMENTS WERE DETERMINED BASED ON MEETING ORGANIZATIONAL PERFORMANCE PLAN GOALS AND AT THE DISCRETION OF THE BOARD OF DIRECTORS. X 1 399999 FAIR MARKET VALUE 1 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS REPORTED. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER IS NORTHSIDE ECONOMIC OPPORTUNITY NETWORK. FORM 990, PART VI, SECTION A, LINE 7A NORTHSIDE ECONOMIC OPPORTUNITY NETWORK, THE SOLE MEMBER, HAS THE POWER TO APPOINT ANY OR ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER HAS THE FOLLOWING RIGHTS AND POWERS CONCERNING GOVERNANCE DECISIONS: 1. TO APPOINT AND REMOVE ANY OR ALL BOARD MEMBERS OF THE BOARD OF DIRECTORS. 2. TO PROPOSE AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS FOR CONSIDERATION BY THE BOARD OF DIRECTORS. 3. ALL OTHER RIGHTS AND POWERS OF MEMBERS PURSUANT TO CHAPTER 317A OF THE MINNESOTA STATUTES. NONE OF THE FOLLOWING ACTIONS SHALL BE EFFECTIVE WITHOUT THE EXPRESS WRITTEN APPROVAL OF THE MEMBER: 1. APPOINTMENT OF THE PRESIDENT; 2. AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS; 3. ADOPTION OF THIS CORPORATION'S STRATEGIC PLANS, CAPITAL BUDGETS AND OPERATING BUDGETS; 4. APPROVAL OF ANY PLAN OF MERGER OR CONSOLIDATION BY THIS CORPORATION WITH ANY FOREIGN OR DOMESTIC CORPORATION, VOLUNTARY DISSOLUTION OF THIS CORPORATION, OR SALE, LEASE, MORTGAGE, ENCUMBERING OR TRANSFER OF ANY OF THIS CORPORATION'S ASSETS OVER LIMITS ESTABLISHED FROM TIME TO TIME BY RESOLUTION ADOPTED BY THE MEMBER; 5. ADOPTION OF POLICIES REGARDING THE IMPLEMENTATION OF ANY OF THE RIGHTS AND POWERS DESCRIBED IN THIS SECTION 1.4 OF THE ORGANIZATION'S BYLAWS (ALL OF WHICH HAVE BEEN DESCRIBED ABOVE); 6. ELECTING TO SELL OR OTHERWISE TRANSFER ALL OR SUBSTANTIALLY ALL ASSETS OF THIS CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD ELECTRONICALLY TO REVIEW PRIOR TO FILING. BOARD MEMBERS WILL HAVE APPROPRIATE TIME TO COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY DESCRIBED BELOW IS IMPLEMENTED BY NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (NEON) STAFF ON BEHALF OF NEON REAL ESTATE. THE SOLE MEMBER OF NEON REAL ESTATE HOLDING COMPANY IS NEON. PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OF TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. RESPONSIBLE PERSONS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS OF NEON, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD OR COMMITTEE ACTION, SHALL DISCLOSE TO THE CHAIR OR THE CHAIR'S DESIGNEE ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO A CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE RESPONSIBLE PERSON KNOWS THE CONFLICT OF INTEREST. EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO NEON REAL ESTATE HOLDING COMPANY. EACH MEMBER OF THE BOARD OF DIRECTORS SHALL REVIEW THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF COMPARABLE COMPENSATION DATA. A SELF EVALUATION BY THE EXECUTIVE DIRECTOR WITH INPUT BY BOARD MEMBERS AND A FORMAL REVIEW BY BOARD CHAIR. THE MOST RECENT COMPENSATION REVIEW WAS COMPLETED IN JANUARY 2024. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER CONTRACTED SERVICE: PROGRAM SERVICE EXPENSES 4,654. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,654. FORM 990, PART XI, LINE 9: INTER-ORGANIZATIONAL CONTRIBUTION -645,793. NORTHSIDE ECONOMIC OPPORTUNITY NETWORK 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 800163521 COMMUNITY DEVELOPMENT MN 501(C)(3) LINE 7 N/A 0 0 0 1 0 1 0 0 0 0 1 0 0 1 0 0 1 0 0 1 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK S 18406645 COST NORTHSIDE ECONOMIC OPPORTUNITY NETWORK P 2421521 COST NORTHSIDE ECONOMIC OPPORTUNITY NETWORK E 9800000 LOAN BALANCE