2023-11-15T06:53:46-06:00 2022-12-31 921420131 CBIZ SOMERSET 3925 RIVER CROSSING PKWY STE 100 INDIANAPOLIS IN 46240 990 2022-01-01 310963438 RILEY AREA DEVELOPMENT CORPORATION RILE 3176378996 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 BRUCE R BAIRD EXECUTIVE DIRECTOR 3176378996 2023-11-14 1 BRUCE BAIRD 999009999 1 XIAOLIN SHI CPA P01394394 3174722200 2023-11-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X BRUCE R BAIRD 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 575720 0 X WWW.RILEYAREA.ORG X 1979 IN THE MISSION OF RILEY AREA DEVELOPMENT CORPORATION IS TO DEVELOP AND SUPPORT A SUSTAINABLE COMMUNITY ENVIRONMENT IN AND AROUND DOWNTOWN INDIANAPOLIS THROUGH AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, HEALTHY PUBLIC SPACE AND COMMUNITY DEVELOPMENT. 6 6 3 0 0 0 116418 97584 213503 292450 -27695 -110576 -7802 77904 294424 357362 0 0 0 0 235445 126879 0 0 0 733350 628856 968795 755735 -674371 -398373 8646606 8104060 1350177 1205721 7296429 6898339 THE MISSION OF RILEY AREA DEVELOPMENT CORPORATION IS TO DEVELOP AND SUPPORT A SUSTAINABLE COMMUNITY ENVIRONMENT IN AND AROUND DOWNTOWN INDIANAPOLIS THROUGH AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, HEALTHY PUBLIC SPACE AND COMMUNITY DEVELOPMENT. 0 0 566262 259690 REDEVELOPMENT OF CERTAIN AREAS OF INDIANAPOLIS TO PROVIDE BENEFITS TO CURRENT AND FUTURE RESIDENTS 566262 1 0 0 0 0 0 0 1 0 0 1 0 0 1 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 1 0 0 0 1 0 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 IN X BRUCE R BAIRD 3176378996 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 WALTER FREIHOFER CHAIR 3.00 X X 0 0 0 KATHY OVERBEY SECRETARY 1.00 X 0 0 0 JANINE BETSEY DIRECTOR 1.00 X 0 0 0 MJ TRUJILLO DIRECTOR 1.00 X 0 0 0 KATHLEEN LARA DIRECTOR 1.00 X 0 0 0 TOM MARENDT DIRECTOR 1.00 X 0 0 0 TERESA L SKIPPER EXECUTIVE DIRECTOR 1/1- 5/31 40.00 X 32692 0 0 BRUCE R BAIRD EXECUTIVE DIRECTOR 6/1 - 12/31 40.00 X 0 0 0 32692 0 0 0 0 0 0 0 71854 25730 97584 RENTAL INCOME 531310 130105 130105 PARTNERSHIP FEE INCOME 531310 122245 122245 PROPERTY MANAGEMENT INCOME 531310 40000 40000 OTHER PROGRAM REVENUE 531310 100 100 292450 88 88 107694 218358 -110664 -110664 -110664 INVESTMENT INCOME 531310 70096 70096 MISCELLANEOUS INCOME 531310 7808 7808 77904 357362 259690 0 88 32692 23979 8713 73645 55234 18411 10640 7980 2660 9902 7427 2475 63548 47661 15887 17798 13348 4450 67511 50634 16877 23600 17700 5900 2296 1722 574 17005 12754 4251 4844 3633 1211 33479 25109 8370 117268 87951 29317 17923 13442 4481 BAD DEBT 137815 103361 34454 OPERATING EXPENSES 72309 54232 18077 PROJECT EXPENSES 34675 26006 8669 EQUIPMENT AND MAINTENAN 6808 5106 1702 11977 8983 2994 755735 566262 189473 0 5722 39344 31900 33975 20000 20000 56751 45892 1773312 393194 1715744 1380118 6816489 6584731 8646606 8104060 51272 86965 108000 39000 1800 0 1186205 1079421 2900 335 1350177 1205721 X 7296429 6898339 7296429 6898339 8646606 8104060 -398373 283 0 X 0 0 0 X 813496 234263 204626 116418 97584 1466387 813496 234263 204626 116418 97584 1466387 1466387 711 702 9 66 88 1576 19521 64198 5885 -7802 77904 159706 1627669 2736429 0.90090 0.95930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 19,521. 2019 AMOUNT: $ 64,198. 2020 AMOUNT: $ 5,885. 2021 AMOUNT: $ -7,802. 2022 AMOUNT: $ 77,904. 72750 X X 0 73396 73396 1378280 209128 1169152 120949 69736 51213 108110 95280 12830 92577 19050 73527 1380118 INVESTMENTS IN PARTNERSHIPS 1631108 DEVOLOPER FEES RECEIVABLE 34241 RELATED PARTY RECEIVABLE 418601 INVESTMENT IN LIMITED LIABILITY COMPANIES 4279391 INVESTMENTS IN C-CORP 163069 OTHER INVESTMENTS - LONG TERM 58321 6584731 SECURITY DEPOSITS 335 335 X PART III, LINE 4: RILEY AREA DEVELOPMENT CORPORATION PURCHASED, MAINTAINS, AND CARRIES APPROPRIATE INSURANCE ON A SCULPTURE KNOWN AS "BRICKHEAD 3", A PERMANENT OUTDOOR DISPLAY IN DAVLAN PARK. THE SCULPTURE IS LOCATED ON MASSACHUSETTS AVENUE WITHIN THE INNER-CITY HOUSING DEVELOPMENT AREA SERVED BY RILEY AREA DEVELOPMENT CORPORATION. IT IS INTENDED TO PROVIDE ADDITIONAL CULTURE AND IMPROVE THE DESIRABILITY OF THE AREA. PART X, LINE 2: RADC IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON ITS RELATED ACTIVITIES UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN MADE. RADC FILES REQUIRED FEDERAL AND STATE INFORMATION RETURNS. WHENEVER TAX RETURNS ARE FILED, THE FILING ORGANIZATION MUST EVALUATE THE MERITS OF ITS TAX POSITIONS AND DETERMINE IF THEY WILL BE ULTIMATELY SUSTAINED. THOSE TAX POSITIONS FOR THE ORGANIZATION INCLUDE MAINTAINING THEIR TAX-EXEMPT STATUS AND THE TAXABILITY OF AN UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THESE POSITIONS ARE SUSTAINABLE. ALTHOUGH THE ORGANIZATION HAS NOT INCURRED ANY INTERSET AND PENALTIES ASSOCIATED WITH THESE POSITIONS, IT IS THEIR POLICY TO EXPENSE THEM IN THE STATEMENT OF ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11B RILEY AREA DEVELOPMENT CORPORATION'S FORM 990 AND ALL RELATED SCHEDULES, STATEMENTS AND ATTACHMENTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR, PRESIDENT OF THE BOARD OF DIRECTORS, AND THE APPROPRIATE REPRESENTATIVES FROM THE BOARD OF DIRECTOR'S EXECUTIVE COMMITTEE PRIOR TO FINALIZING THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C RILEY AREA DEVELOPMENT CORPORATION PASSES OUT A QUESTIONNAIRE ABOUT CONFLICT OF INTEREST TO BE FILLED OUT AND RETURNED BY EACH DIRECTOR, OFFICER AND STAFF MEMBER. THE POLICY INCLUDES STATEMENTS ABOUT OTHER EMPLOYMENT, BEING RELATED TO ANYONE ON THE BOARD OF DIRECTORS AND OTHER ITEMS THAT MAY BE AN ISSUE. FORM 990, PART VI, SECTION B, LINE 15 RILEY AREA DEVELOPMENT CORPORATION'S BOARD OF DIRECTORS DETERMINES AND SETS ALL STAFFING COMPENSATION RATES, WHICH ARE BASED ON PERIODIC, THOROUGH REVIEWS OF ALL RELATED ISSUES, SALARY SURVEYS, CONSULTATION WITH INDEPENDENT PERSONS, REVIEW OF COMPARABLE DATA, AND DELIBERATION. FORM 990, PART VI, SECTION C, LINE 18 RILEY AREA DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS, AS APPLICABLE, AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST MADE TO THE ATTENTION OF OUR EXECUTIVE DIRECTOR AND RECEIVED AT OUR CORPORATE OFFICE ADDRESS. FORM 990, PART VI, SECTION C, LINE 19 RILEY AREA DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS, AS APPLICABLE, AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST MADE TO THE ATTENTION OF OUR EXECUTIVE DIRECTOR AND RECEIVED AT OUR CORPORATE OFFICE ADDRESS. MASS AVENUE MAKERSPACE LLC 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 474991475 MAKERSPACE IN 85354 45509 RADC PERSHING 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 REAL ESTATE IN 34641 325095 HOOSIER RETAIL FLATS LLC 430 MASSACHUSETTS AVENUE INDIANAPOLIS IN 46204 820588507 REAL ESTATE IN N/A RELATED 66831 117633 0 0 0.50000 WILLARD PARK REVITALIZATION LLC 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 271284421 REAL ESTATE IN N/A RELATED -75799 2677919 0 0 0.50000 TRAIL SIDE RETAIL FLATS LLC 430 MASSACHUSETTS AVENUE SUITE A INDIANAPOLIS IN 46204 452910265 REAL ESTATE IN N/A RELATED 62554 -80417 0 0 0.50000 SEMINOLE LP 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 352018817 REAL ESTATE IN N/A RELATED -119004 1081445 0 0 0.99990 RILEY-ROBERTS PARK LP 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 352077601 REAL ESTATE IN N/A RELATED 198024 1341790 0 0 0.50990 CRUFT STREET ARTIST RESIDENTS LLC 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 352555943 REAL ESTATE IN N/A RELATED -2752 194127 0 0 0.51000 SEMINOLE-RADC INC 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 352018817 LOW-INCOME HOUSING IN N/A C -12 4941 1.00000 0 RILEY ROBERTS PARK INC 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 352077600 LOW-INCOME HOUSING IN N/A C 20 127595 1.00000 0 1733 GP INC 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 454548330 LOW-INCOME HOUSING IN N/A C -7 -80 0.49000 0 RADC-MAT INC 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 270458764 LOW-INCOME HOUSING IN N/A C -17 -92 1.00000 0 SCSA INC 441 WEST MICHIGAN STREET INDIANAPOLIS IN 46202 270459091 LOW-INCOME HOUSING IN N/A C -6 -129 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0