2024-07-17T15:00:48-05:00 2023-12-31 351476702 BRADY WARE & SCHOENFELD INC 3601 RIGBY ROAD SUITE 400 DAYTON OH 45342 990 2023-01-01 900754052 TECH TOWN NEW MARKET INC TECH 9378532529 8 NORTH MAIN STREET DAYTON OH 45402 ROSALIE GEHRICH CHIEF FINANCIAL OFFICER 9378532529 2024-07-08 1 ROSALIE GEHRICH 999009999 0 MARY T COLEGATE CPA P00197566 9372235247 2024-07-08 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ROSALIE GEHRICH 8 NORTH MAIN STREET DAYTON OH 45402 1198431 0 X N/A X 1977 OH TO INITIATE AND CONDUCT PROJECTS FOR THE CLEARANCE, REPLANNING, DEVELOPMENT, AND REDEVELOPMENT OF BLIGHTED AREAS WITHIN THE CITY 19 19 0 0 0 0 0 0 46000 46000 0 0 1171451 1152431 1217451 1198431 0 0 0 0 0 0 0 0 0 767657 533559 767657 533559 449794 664872 7535133 7920916 2756707 2477618 4778426 5443298 TO INITIATE AND CONDUCT PROJECTS FOR THE CLEARANCE, REPLANNING, DEVELOPMENT, AND REDEVELOPMENT OF BLIGHTED AREAS WITHIN THE CITY OF DAYTON, INCLUDING ACQUISITION, CONSTRUCTION, OPERATION, OWNERSHIP AND MANAGEMENT OF SUCH PROJECTS. 0 0 716857 1198431 TO INITIATE AND CONDUCT PROJECTS FOR THE CLEARANCE, REPLANNING, DEVELOPMENT, AND REDEVELOPMENT OF BLIGHTED AREAS WITHIN THE CITY OF DAYTON, INCLUDING ACQUISITION, CONSTRUCTION, OPERATION, OWNERSHIP AND MANAGEMENT OF SUCH PROJECTS. 716857 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROSALIE GEHRICH 9378532529 8 NORTH MAIN STREET DAYTON OH 45402 X DAVID MELIN CHAIRMAN 1.00 X X 0 0 0 ELOISE BRONER TRUSTEE 1.00 X 0 0 0 DAVE DICKERSON TRUSTEE 1.00 X 0 0 0 SHELLEY DICKSTEIN TRUSTEE 1.00 X 0 0 0 RICHARD HAAS TRUSTEE 1.00 X 0 0 0 DR WILLIAM E HARRIS TRUSTEE 1.00 X 0 0 0 SHANNON MARTIN TRUSTEE 1.00 X 0 0 0 TERRI BETHEL VICE CHAIRMAN 1.00 X X 0 0 0 TODD KINSKEY TRUSTEE 1.00 X 0 0 0 KIYA PATRICK TRUSTEE 1.00 X 0 0 0 SHANNON ISOM TRUSTEE 1.00 X 0 0 0 TODD PLEIMAN TREASURER 1.00 X X 0 0 0 JOSEPH GORDON TRUSTEE 1.00 X 0 0 0 KENA BROWN TRUSTEE 1.00 X 0 0 0 WALT HIBNER TRUSTEE 1.00 X 0 0 0 RODDELL MCCULLOUGH SECRETARY 1.00 X X 0 0 0 NIKOL MILLER TRUSTEE 1.00 X 0 0 0 BOB RUZINSKY TRUSTEE 1.00 X 0 0 0 KRISTIN FINCH TRUSTEE 1.00 X 0 0 0 STEVE SKERL TRUSTEE 1.00 X 0 0 0 ROSALIE GEHRICH CFO/ASST TREASURER 1.00 40.00 X 0 160851 23683 DANIEL KANE PRESIDENT 1.00 40.00 X 0 210591 42773 KAREN DEMASI ASSISTANT SECRETARY 1.00 40.00 X 0 140701 21345 HEATHER CORBIN SBA DIRECTOR/SR BUSINESS DEVELOPMENT 1.00 40.00 X 0 145962 4379 SHANE WILKEN SENIOR BUSINESS DEVELOPMENT OFFICER/SBA DIRECTOR 1.00 40.00 X 0 133550 19105 0 791655 111285 0 0 1 0 0 ECONOMIC DEVELOPMENT 900099 46000 46000 46000 1152431 0 1152431 1152431 1152431 1198431 1198431 0 0 -173303 9995 -183298 92 92 1000 1000 34625 34625 8205 8205 2983 2983 50805 50805 224303 224303 10754 10754 REPAIR & MAINTENANCE 156743 156743 REAL ESTATE TAX 139818 139818 UTILITIES 77534 77534 533559 716857 -183298 0 2376968 2984711 740000 740000 25973 2359 2578 6553560 2359933 4389833 4193627 7535133 7920916 184415 231046 1375620 1375620 1196672 870952 2756707 2477618 X 4778426 5443298 4778426 5443298 7535133 7920916 664872 0 X X 0 1 X 1 0 6553560 2359933 4193627 4193627 DEPOSIT - LEASE 36747 PAYABLE TO AFFILIATE 834205 870952 X PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING THE TAX RETURN FOR TECH TOWN NEW MARKET, INC. TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THIS STATEMENT PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN TAXPOSITION MAY BE RECOGNIZED IN THE COMBINED FINANCIAL STATEMENTS ONLY WHEN IT IS "MORE-LIKELY-THAN-NOT" THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT ENTITY HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. 0 0 0 0 0 0 0 0 0 DANIEL KANE PRESIDENT 0 195591 0 15000 0 0 0 19719 0 23054 0 253364 0 0 ROSALIE GEHRICH CFO/ASST TREASURER 0 149851 0 11000 0 0 0 12905 0 10778 0 184534 0 0 KAREN DEMASI ASSISTANT SECRETARY 0 130201 0 10500 0 0 0 11256 0 10089 0 162046 0 0 SHANE WILKEN SENIOR BUSINESS DEVELOPMENT OFFICER/ 0 132550 0 1000 0 0 0 6301 0 12804 0 152655 0 0 HEATHER CORBIN SBA DIRECTOR/SR BUSINESS DEVELOPMENT 0 138462 0 7500 0 0 0 4379 0 0 0 150341 0 0 PART I, LINE 3 DANIEL KANE IS THE PRESIDENT OF CITYWIDE DEVELOPMENT CORPORATION, A RELATED ORGANIZATION DISCLOSED IN SCHEDULE R. HIS COMPENSATION IS DISCLOSED WITHIN THIS FORM 990 BECAUSE IT IS PAID BY CITYWIDE DEVELOPMENT CORPORATION. HE IS NOT PAID BY TECH TOWN NEW MARKET INC. THE OTHER HIGHLY COMPENSATED EMPLOYEES REPORTED IN PART VII SECTION A OF THIS TAX RETURN ARE ALSO PAID BY CITYWIDE DEVELOPMENT CORPORATION NOT BY TECH TOWN NEW MARKET INC. THEIR SALARIES AND BENEFITS ARE ONLY REPORTED WITHIN THIS RETURN DUE TO THE RELATED PARTY RELATIONSHIP. COMPENSATION PAID BY THE RELATED ORGANIZATION IS ESTABLISHED BY USING A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY OR STUDY. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT TO A RELATED NONPROFIT ORGANIZATION - CITY WIDE DEVELOPMENT CORPORATION. THEY HANDLE ALL ADMINISTRATIVE FUNCTIONS FOR THE ENTITY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION CONTRACTS WITH AN ACCOUNTING FIRM TO PREPARE THE INFORMATION RETURN, WHICH IS REVIEWED BY INTERNAL MANAGEMENT. INTERNAL MANAGEMENT FORWARDS A COPY OF THE RETURN TO AN OVERSIGHT COMMITTEE THAT APPROVES THE RETURN. THE BOARD IS PROVIDED A COPY OF THE APPROVED RETURN BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY WITH BOARD OF TRUSTEES ANNUALLY. DURING BOARD MEETINGS MEMBERS ARE ASKED IF THEY HAVE ANY CONFLICT OF INTEREST REGARDING ANY AGENDA ITEMS. IF SO, THEY DO NOT VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT PAY ANY COMPENSATION AND HAS DELEGATED CONTROL OVER MANAGEMENT TO A RELATED NONPROFIT ORGANIZATION - CITYWIDE DEVELOPMENT CORPORATION. CITYWIDE DEVELOPMENT CORPORATION PAYS ALL THE SALARIES AND WAGES. CITYWIDE DEVELOPMENT CORPORATION HAS A COMPENSATION COMMITTEE THAT REVIEWS THE EXECUTIVE SALARIES. THE COMPENSATION COMMITTEE HIRES AN OUTSIDE CONSULTANT WHICH PROVIDED A COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE FORM 1024 AND THE FORM 990 AVAILABLE UPON REQUEST. THE PUBLIC CAN REVIEW THESE DOCUMENTS IN THE ORGANIZATION'S ADMINISTRATIVE OFFICE. FORM 990, PART VII SECTION A DANIEL KANE IS THE PRESIDENT OF CITY WIDE DEVELOPMENT CORPORATION, A RELATED ORGANIZATION DISCLOSED IN SCHEDULE R. HIS COMPENSATION IS DISCLOSED WITHIN THIS FORM 990 BECAUSE IT IS PAID BY CITY WIDE DEVELOPMENT CORPORATION. HE IS NOT PAID BY TECH TOWN NEW MARKET INC. THE OTHER HIGHLY COMPENSATED EMPLOYEES REPORTED IN PART VII SECTION A OF THIS TAX RETURN ARE ALSO PAID BY CITY WIDE DEVELOPMENT CORPORATION NOT BY TECH TOWN NEW MARKET INC. THEIR SALARIES AND BENEFITS ARE ONLY REPORTED WITHIN THIS RETURN DUE TO THE RELATED PARTY RELATIONSHIP. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS NOT MADE ANY CHANGES IN PROCESSES OR PROCEDURES. CITYWIDE DEVELOPMENT CORPORATION 8 N MAIN STREET DAYTON OH 45402 310821189 STRENGTHEN DAYTON THROUGH STRATEGIC ECONOMIC AND COMMUNITY DEVELOPMENT OH 501(C)(4) CITYWIDE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 CITY WIDE DEVELOPMENT CORPORATION N -197451 COST CITY WIDE DEVELOPMENT CORPORATION O 24148 COST CITY WIDE DEVELOPMENT CORPORATION P 16162 COST