2023-11-14T15:47:30-06:00 2022-12-31 311119890 Barnes Dennig & Co LTD 8470 Allison Pointe Blvd Suite 200 Indianapolis IN 46250 990 2022-01-01 351427889 Near North Development Corporation NEAR 3179279881 1630 N Meridian St Ste 1110 Indianapolis IN 46202 Brian Carman President 3179279881 2023-11-13 1 Brian Carman 999009999 0 Paula Hume P00537516 3175721130 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Brian Carman 1630 N Meridian St Ste 1110 Indianapolis IN 46202 239804 0 X N/A X 1977 IN Inner-city housing and economic development focusing on low-income individuals. 12 12 5 12 0 0 1616862 210713 32271 0 -1894 18672 -431 189 1646808 229574 0 0 0 0 364958 279584 0 0 0 208234 312204 573192 591788 1073616 -362214 4014157 3597863 1633841 1573761 2380316 2024102 X Inner-city housing and economic development focusing on low-income individuals. 0 0 48221 -1230 Housing development and economic revitalization of specified areas of Indianapolis. 21318 Providing rental housing for low-income individuals. 177513 Providing essential repairs to low-moderate income rental tenants homes. 8022 Other Programs. 8022 255074 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 1 1 0 0 0 1 2 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X Brian Carman 3177468501 1630 N Meridian St Suite 425 Indianapolis IN 46202 Maria Langston Chairman 3.00 X X 0 0 0 Mike Barth III Vice Chair 3.00 X X 0 0 0 Nick Campbell Treasurer 2.00 X X 0 0 0 Greg Petrowich Secretary 2.00 X X 0 0 0 Jeff Congdon Director 1.00 X 0 0 0 Cordelia Lewis-Burks Director 1.00 X 0 0 0 Mike Barth III Director 1.00 X 0 0 0 Ila Mitchell Director 1.00 X 0 0 0 Lindsey Richardt Director 1.00 X 0 0 0 Jamal Smith Director 1.00 X 0 0 0 Brian Robinson Director 1.00 X 0 0 0 Frank Lloyd Director 1.00 X 0 0 0 Michael Osborne President - Left 6/15/22 40.00 X 49232 0 2161 Brian Carman President - Joined 3/6/2023 40.00 X 0 0 0 49232 0 2161 0 0 0 0 0 2200 208513 210713 19902 19902 9000 10230 -1230 -1230 -1230 0 2200 0 0 Other Income 900099 189 189 189 229574 -1230 0 20091 51393 15869 35524 182845 56460 126385 5924 1829 4095 17128 5289 11839 22294 6884 15410 18317 18317 19460 19460 20992 20992 7109 7109 1769 1769 9147 9147 Development Expenses 168743 168743 Loan Forgiveness 66667 66667 591788 255074 336714 0 2224185 1637325 402 175169 599998 533331 130607 124962 7414 5645 1182158 1246393 4014157 3597863 57291 15179 1552500 1552500 24050 6082 1633841 1573761 X 2380316 2024102 2380316 2024102 4014157 3597863 X -362214 6000 X X 0 1 X 1 1 1 X 2351064 437408 727182 1616862 210713 5343229 2351064 437408 727182 1616862 210713 5343229 1623292 3719937 2749 2951 1634 5991 19902 33227 15465 189 15654 5392110 762178 0.68990 0.98420 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2018 Amount: $ 15,465. 2022 Amount: $ 189. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130607 124962 5645 5645 Investments in Low-income Housing Partnership 507652 Property Held for Redevelopment 738741 1246393 Accrued PTO 6082 6082 X Part X, Line 2: Near North Development Corporation is exempt from income taxation under Internal Revenue Code Section 501(c) (3). Management believes that Near North Development Corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Form 990, Part VI, Section B, line 11b Near North Development Corporation's Form 990 and all related schedules, statements and attachments are reviewed and approved by the Finance Committee and then presented to the Board of Directors prior to finalizing and filing these tax returns with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Near North Development Corporation requires the Board of Directors and staff to inform the corporation about possible conflict of interest each year. Potential conflict of interest issues are identified, evaluated and resolved with the appropriate level of management or members of the Board of Directors. Form 990, Part VI, Section B, line 15 Near North Development Corporation Executive Committee establish all staffing compensation rates after a thorough review of all related issues, consultation with independent persons, review of comparable data and deliberation. It also conducts a performance review of the President in considering his compensation. The review and related compensation rates are reported to the full Board of Directors of Near North Development Corporation at a subsequent Board meeting. Near North Development Corporation Executive Committee establish all staffing compensation rates after a thorough review of all related issues, consultation with independent persons, review of comparable data and deliberation. It also conducts a performance review of the President in considering his compensation. The review and related compensation rates are reported to the full Board of Directors of Near North Development Corporation at a subsequent Board meeting. Form 990, Part VI, Section C, line 19 Near North Development Corporation makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the publicupon written request made to the attention of our president and received at our corporate office address. Form 990, Part XI, line 9: Distribution from Glenmoor LLC 6,000. Form 990, Part XII, Line 2C: No changes in process from the prior year. 2179 LLC 1630 N Meridian Street Suite 1100 Indianapolis IN 46202 852347580 Real Estate Development IN 0 447764 Near North Development Corporation Glenmoor LLC 1433 N Meridian St Suite 201 Indianapolis IN 46202 474806646 Low Income Housing IN Near North Development Corporation Related 30332 180317 0 1 0.66660 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0