2023-11-12T10:55:20-06:00 2022-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-01-01 237394320 SOUTH BEND HERITAGE FOUNDATION INC SOUT 5742891066 803 LINCOLNWAY WEST SOUTH BEND IN 46616 MARCO MARIANI EXECUTIVE DIRECTOR 5742891066 2023-11-11 1 MARCO MARIANI 000000000 0 JONATHAN B SCOTT P00291986 3178485700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARCO MARIANI 803 LINCOLNWAY WEST SOUTH BEND IN 46616 6362106 0 X SBHERITAGE.ORG X 1970 IN TO ENHANCE THE BEAUTY AND VALUE OF URBAN NEIGHBORHOODS AND EMPOWER RESIDENTS, THROUGH COLLABORATION, PHYSICAL TRANSFORMATION, ADVOCACY AND EDUCATION. 21 21 0 250 0 0 4222985 3271138 2297353 2575744 50159 -112051 599691 507319 7170188 6242150 0 0 0 0 770959 1001704 0 0 0 2880408 3649136 3651367 4650840 3518821 1591310 23355811 23586794 11923549 10582507 11432262 13004287 X TO ENHANCE THE BEAUTY AND VALUE OF URBAN NEIGHBORHOODS AND EMPOWER RESIDENTS, THROUGH COLLABORATION, PHYSICAL TRANSFORMATION, ADVOCACY AND EDUCATION. 0 0 4482728 0 2455788 THE OVERLYING GOAL OF THE ORGANIZATION IS INNER CITY STABILIZATION. AS SUCH, ATTENTION IS GIVEN TO ALL ASPECTS/NEEDS IN AN AREA TO FURTHER THIS GOAL. THE ACTIVITIES INITIATE, SUPPORT AND/OR ENCOURAGE URBAN RESIDENTIAL AND COMMERCIAL REVITALIZATION THROUGH AWARENESS OF AND ATTENTION TO THE PHYSICAL CLIMATE. BECAUSE OF THE INTERRELATIONSHIP OF THESE ACTIVITIES, THEY ARE TREATED AS A UNIT FOR BOOKKEEPING PURPOSES. THESE ACTIVITIES INCLUDE SEVERAL TYPES OF REVOLVING LOANS, BUY/REHAB/SALE OF ABANDONED PROPERTIES, NEW CONSTRUCTION, REHABILITATION AND FINANCIAL COUNSELING, EDUCATIONAL PROGRAMS, HOUSE MOVES, PROVIDING AFFORDABLE HOUSING, COMMUNITY ORGANIZING AND DEVELOPING A COMMUNITY CULTURAL AND SOCIAL SERVICE CENTER. RESIDENTIAL AND COMMERCIAL FOCUS IS GIVEN TO TWO SPECIFIC INTER-CITY NEIGHBORHOODS IN SOUTH BEND. 4482728 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 23 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X MARCO MARIANI 5742891066 803 LINCOLNWAY WEST SOUTH BEND IN 46616 MARCO MARIANI EXECUTIVE DIRECTOR 40.00 X 95000 0 0 JONATHAN WINGFIELD PRESIDENT 2.00 X X 0 0 0 KARL EDMONSON VICE PRESIDENT 2.00 X X 0 0 0 TIM MEHALL CHAIR 2.00 X X 0 0 0 MATTHEW J GRAY TREASURER 2.00 X 0 0 0 DEBRA M STANLEY SECRETARY 2.00 X 0 0 0 MARGUERITE A TAYLOR BOARD MEMBER 2.00 X 0 0 0 SOLOMON L ANDERSON BOARD MEMBER 2.00 X 0 0 0 LYNN COLEMAN BOARD MEMBER 2.00 X 0 0 0 MARGO DEMONT BOARD MEMBER 2.00 X 0 0 0 REBECCA BONHAM BOARD MEMBER 2.00 X 0 0 0 PASTOR CANNETH LEE BOARD MEMBER 2.00 X 0 0 0 JO ANN G MACKENZIE BOARD MEMBER 2.00 X 0 0 0 TOY VILLA BOARD MEMBER 2.00 X 0 0 0 DEBRA WALKER BOARD MEMBER 2.00 X 0 0 0 ANDRE WADDELL BOARD MEMBER 2.00 X 0 0 0 WILLIAM A WELSHEIMER JR BOARD MEMBER 2.00 X 0 0 0 MARCIA JONES BOARD MEMBER 2.00 X 0 0 0 CHARLES F LEHMAN BOARD MEMBER 2.00 X 0 0 0 BAYE SLYVESTER BOARD MEMBER 2.00 X 0 0 0 SHANON BUARI BOARD MEMBER 2.00 X 0 0 0 95000 0 0 0 0 0 0 0 2664107 607031 3271138 RENTAL INCOME 531110 2157671 2157671 MANAGEMENT FEES 531310 418073 418073 2575744 7905 7905 119956 -119956 -119956 -119956 FORGIVENESS OF DEBT 531110 415002 415002 MISC. REVENUE 531110 92317 92317 507319 6242150 2455788 0 515224 837576 837576 1489 1489 66404 66404 96235 96235 5600 5600 61104 23888 37216 453 453 124147 75639 48508 1327151 1327151 4115 3083 1032 17101 17101 287923 287923 1055701 1055701 332778 332778 BAD DEBTS 219039 219039 LOSS ON INVESTMENTS IN 131903 131903 ADMINISTRATIVE EXPENSE 75756 75756 GALLERY EXPENSE 5272 5272 1093 1093 4650840 4482728 168112 0 2202712 1960154 420511 310384 200873 318328 3527826 3468485 278464 302634 33227797 17197448 14994082 16030349 1118598 402379 118252 168880 494493 625201 23355811 23586794 409131 146795 62359 63780 8360472 8273685 2943308 2061236 148279 37011 11923549 10582507 X 11087856 12160183 344406 844104 11432262 13004287 23355811 23586794 1591310 -19292 7 0 X X 0 1 X 1 0 X 2030170 1704013 1643504 4222985 3271138 12871810 2030170 1704013 1643504 4222985 3271138 12871810 12871810 106567 127262 9290 106845 7905 357869 73722 241842 643568 599691 507319 2066142 15295821 11407786 0.84150 0.85100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 105597 -19292 86305 94017 11580 105597 83751 10266 94017 74575 9176 83751 74030 545 74575 1.00000 1 0 581164 581164 32127370 16686182 15441188 519263 511266 7997 16030349 ACCRUED INTEREST 37011 37011 X 6150863 -19292 -19292 6170155 71995 71995 6242150 4578845 0 4578845 71995 71995 4650840 PART V, LINE 4: A FUND WAS ESTABLISHED WITH THE LOCAL COMMUNITY FOUNDATION FOR THE PURPOSE OF PROVIDING SUPPORT TO SOUTH BEND HERITAGE FOUNDATION, INC. ANNUAL DISTRIBUTIONS ARE MADE FROM THE FUND AND REPORTED AS INVESTMENT INCOME THAT INCREASE UNRESTRICTED NET ASSETS. PART X, LINE 2: THE INCOME TAXES TOPIC OF THE 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 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 CONSOLIDATED STATEMENTS. THE ORGANIZATION'S EVALUATION WAS PERFORMED FOR ALL FEDERAL AND STATE TAX PERIODS STILL SUBJECT TO EXAMINATION. THE ORGANIZATION'S 2018 THROUGH 2020 FEDERAL AND STATE TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE IRS AND STATE TAXING AUTHORITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: VALUATION ALLOWANCE 71,995. PART XII, LINE 4B - OTHER ADJUSTMENTS: VALUATION ALLOWANCE 71,995. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S EXECUTIVE DIRECTOR REVIEWS THE FORM 990 AND DISCUSSES ITS CONTENTS WITH THE BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S EXECUTIVE DIRECTOR AND THE BOARD REVIEW ALL VENDOR RELATIONSHIPS FOR POTENTIAL CONFLICTS OF INTEREST WITH KEY EMPLOYEES AND BOARD MEMBERS PRIOR TO PURCHASING GOODS AND/OR SERVICES. FORM 990, PART VI, SECTION B, LINE 15 FOR EXECUTIVE MANAGEMENT, THE EXECUTIVE DIRECTOR DETERMINES COMPENSATION BASED ON INDUSTRY STANDARDS AND AREA MEDIAN INCOME RANGES FOR THOSE POSITIONS. FOR THE EXECUTIVE DIRECTOR, THE BOARD OF DIRECTORS DETERMINES COMPENSATION BASED ON INDUSTRY STANDARDS AND AREA MEDIAN INCOME RANGES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, LINE 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBER FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. 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