2024-10-29T13:09:07-05:00 2023-12-31 311119890 Barnes Dennig & Co LTD 8470 Allison Pointe Blvd Suite 200 Indianapolis IN 46250 990 2023-01-01 351427889 Near North Development Corporation NEAR 3179279881 1630 N Meridian St Suite 175 Indianapolis IN 46202 Maria Langston Chairman 3179279881 2024-10-28 1 1 Paula Hume P00537516 3175721130 2024-10-28 2023 2024-10-15 13:58:12Z Maria Langston 1630 N Meridian St Suite 175 Indianapolis IN 46202 1182956 0 X N/A X 1977 IN Inner-city housing and economic development focusing on low-income individuals. 17 17 3 17 0 0 210713 1136103 0 5967 18672 40886 189 0 229574 1182956 0 0 0 0 279584 232704 0 0 0 312204 1109953 591788 1342657 -362214 -159701 3597863 4831552 1573761 2673168 2024102 2158384 Inner-city housing and economic development focusing on low-income individuals. 0 0 969995 5967 Infrastructure development through the installation of a connector trail & multi-modal path increasing safety through vehicluar and pedestrian traffic flow. 79596 Faade upgrades for 3 local businesses on the near northside. 49876 1099467 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 8 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Maria Langston 3177468501 1630 N Meridian St Suite 175 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 Tammy Baker Director - Joined 07/23 1.00 X 0 0 0 Audra Blasdel Director - Joined 07/23 1.00 X 0 0 0 Jeff Congdon Director 1.00 X 0 0 0 Danita Hoskin Director 1.00 X 0 0 0 Cordelia Lewis-Burks Director 1.00 X 0 0 0 Frank Lloyd 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 Brian Robinson Director 1.00 X 0 0 0 Jamal Smith Director 1.00 X 0 0 0 Ben Spandau Director - Joined 07/23 1.00 X 0 0 0 Barb Stahl Director 1.00 X 0 0 0 Patty Warner Director - Joined 07/23 1.00 X 0 0 0 Brian Carman President 33.00 X 91667 0 2700 91667 0 2700 0 0 0 0 0 1136103 1136103 Contracts 531110 5967 5967 5967 40886 40886 1182956 5967 0 40886 94367 23405 70962 108842 26994 81848 6143 1524 4619 8178 2028 6150 15174 3763 11411 910 910 20075 20075 496 496 23161 23161 9249 9249 3988 3988 9403 9403 Development Expenses 975086 975086 Loan Forgiveness 66667 66667 Fundraising Expenses 918 918 1342657 1099467 243190 0 1637325 2779522 175169 7858 533331 466664 130607 128950 5645 1657 1246393 1575851 3597863 4831552 15179 7705 1552500 2642340 5110 6082 18013 1573761 2673168 X 2024102 2158384 2024102 2158384 3597863 4831552 X -159701 66867 227116 X X 0 1 X 1 0 X 470032 763152 1614955 210713 1136103 4194955 470032 763152 1614955 210713 1136103 4194955 1296334 2898621 2951 1634 5991 19902 40886 71364 189 189 4266508 434753 0.67940 0.68990 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2022 Amount: $ 189. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130607 128950 1657 1657 Investments in Low-income Housing Partnership 729701 Property Held for Redevelopment 828137 Right of use asset - operating leases 18013 1575851 Lease liabilities - operating leases 18013 18013 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: Net asset restatement - Glenmoor investment income 227,116. 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 16559 184626 0 1 0.66660 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0