2024-03-15T09:36:44-05:00 2023-06-30 470625816 LUTZ AND COMPANY PC 13616 CALIFORNIA ST STE 300 OMAHA NE 681545336 990 2022-07-01 842173880 SOUTHSIDE REDEVELOPMENT CORPORATION SOUT 4029169293 2411 O STREET 1 OMAHA NE 68107 CESAR GARCIA EXECUTIVE DIRECTOR 4029169293 2024-03-13 1 CESAR GARCIA 999009999 0 DANIEL SWEENEY JD LLM P02009973 4024968800 2024-03-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z CANOPY SOUTH CESAR GARCIA 2411 O STREET 1 OMAHA NE 68107 26825256 0 X WWW.CANOPYSOUTH.ORG X 2019 NE SOUTHSIDE REDEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHOSE FOCUS IS TO GENERATE HOLISTIC AND EFFECTIVE REVITALIZATION IN SOUTH OMAHA NEIGHBORHOODS THROUGH STRATEGIC PARTNERSHIP AND COMMUNITY-DRIVEN INITIATIVES. 12 12 3 0 0 0 12726084 23695748 0 43600 -90739 100889 0 31653 12635345 23871890 0 0 0 0 349149 387792 0 0 98910 154184 317765 503333 705557 12132012 23166333 14089413 36397808 122092 754820 13967321 35642988 SOUTHSIDE REDEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHOSE FOCUS IS TO GENERATE HOLISTIC AND EFFECTIVE REVITALIZATION IN SOUTH OMAHA NEIGHBORHOODS THROUGH STRATEGIC PARTNERSHIP AND COMMUNITY-DRIVEN INITIATIVES. 0 0 279339 43600 SOUTHSIDE REDEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHOSE FOCUS IS TO GENERATE HOLISTIC AND EFFECTIVE REVITALIZATION IN SOUTH OMAHA NEIGHBORHOODS THROUGH STRATEGIC PARTNERSHIP AND COMMUNITY-DRIVEN INITIATIVES. 279339 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 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 0 0 0 0 1 10 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 X AVALON ACCOUNTING SERVICE 4026397605 809 GRAHAM DRIVE PAPILLION NE 68046 CESAR GARCIA EXECUTIVE DIRECTOR 40.00 X X 142500 0 23896 KERRI SANCHEZ CHAIR 1.00 X X 0 0 0 JENNIE SHUKERT VICE CHAIR 1.00 X X 0 0 0 OSUMAN ISSAKA TREASURER 1.00 X X 0 0 0 MERIDITH DILLON DEPUTY 1.00 X 0 0 0 ABDIAZIZ SALAD BOARD MEMBER 1.00 X 0 0 0 ANDY RUBACK BOARD MEMBER 1.00 X 0 0 0 ANNETTE SMITH BOARD MEMBER 1.00 X 0 0 0 JIM LANDEN BOARD MEMBER 1.00 X 0 0 0 JOHN LEVY BOARD MEMBER 1.00 X 0 0 0 MARIA VAZQUEZ BOARD MEMBER 1.00 X 0 0 0 RODRIGO LOPEZ BOARD MEMBER 1.00 X 0 0 0 STEPHEN OSBERG BOARD MEMBER 1.00 X 0 0 0 142500 0 23896 1 0 1 0 0 500000 23195748 202567 23695748 MUSIC FESTIVAL INCOME 900099 43600 43600 43600 87237 87237 24157 0 24157 24157 24157 2967018 2951966 1400 15052 -1400 13652 13652 OTHER INCOME 900099 7496 7496 7496 23871890 43600 0 132542 171233 68493 68493 34247 167557 67023 67023 33511 24590 7658 13212 3720 24412 9765 9765 4882 33165 325 32840 10475 10475 48573 21010 27563 32813 32813 20229 65 20164 625 625 62820 40225 1029 21566 4342 4342 COMMUNITY ENGAGEMENT 61088 60415 673 LEASES 24515 24515 UTILITIES 10276 460 9816 SERVICE FEES 7206 3550 2672 984 1638 350 1288 705557 279339 327308 98910 3344302 4433186 24294134 5835774 197496 3605585 68185 833956 3537400 3482884 3850066 66759 45193 525738 40333 14089413 36397808 106115 465973 250000 15977 38847 122092 754820 X 1667504 3752383 12299817 31890605 13967321 35642988 14089413 36397808 X 23166333 9334 -1500000 X X 0 1 X 1 0 X 903629 1280593 12726084 23695748 38606054 421268 421268 1324897 1280593 12726084 23695748 39027322 32321105 6706217 2927 18160 19592 87237 127916 39155238 43600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 433845 433845 1848499 66533 1781966 2624 1652 972 1320617 1320617 3537400 OPERATING LEASE LIABILITY 38847 38847 X 23870749 9334 9334 23861415 10475 10475 23871890 695082 0 695082 10475 10475 705557 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES AS A NONPROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FINANCIAL STATEMENTS WILL NOT REFLECT A PROVISION FOR INCOME TAXES EXCEPT FOR THE TAX ON UNRELATED BUSINESS INCOME. AT JUNE 30, 2023 AND 2022, THE ORGANIZATION HAD NO TAX LIABILITY FOR UNRELATED BUSINESS INCOME. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB CODIFICATION TOPIC 74010 RELATED TO UNCERTAIN INCOME TAX POSITIONS. MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2020. 0 0 0 0 0 0 0 0 0 CESAR GARCIA EXECUTIVE DIRECTOR 142500 0 0 0 0 0 23896 0 0 0 166396 0 0 0 X 1 202567 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS ARE SUBJECT TO BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY TREASURER AND BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: AUDIT PRIOR YEAR ADJUSTMENT -1,500,000. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS THE 2022 FINANCIAL STATEMENTS HAVE BEEN RESTATED TO CORRECT AN ERROR. THE ORGANIZATION RECORDED A CONDITIONAL PLEDGE IN PLEDGES RECEIVABLE; HOWEVER, THE CONDITIONS OF THE PLEDGE HAD NOT BEEN MET AS OF JUNE 30, 2022. THE 2022 FINANCIAL STATEMENTS WERE RESTATED TO REFLECT THE REMOVAL OF THE PLEDGE RECEIVABLE AND RELATED REVENUE. AS OF AND FOR THE YEAR ENDED JUNE 30, 2022, PLEDGES RECEIVABLE, CONTRIBUTIONS AND GRANTS, AND NET ASSETS WITH DONOR RESTRICTIONS WERE REDUCED BY $1,500,000. THE CONDITIONS WERE MET DURING 2023 AND THE RELATED CONTRIBUTION WAS RECOGNIZED. ADDITIONALLY, THE DISCOUNT ON PLEDGES RECEIVABLE WERE RECLASSIFIED FROM NET ASSETS WITHOUT DONOR RESTRICTIONS TO NET ASSETS WITH DONOR RESTRICTIONS IN THE AMOUNT OF $234,268.