2025-11-13T10:30:09-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 237394320 SOUTH BEND HERITAGE FOUNDATION INC SOUT 5742891066 803 LINCOLNWAY WEST SOUTH BEND IN 46616 JONATHAN WINGFIELD PRESIDENT 5742891066 2025-11-07 1 1 JONATHAN B SCOTT P00291986 3178485700 2024 2025-03-06 01:10:19Z JONATHAN WINGFIELD 803 LINCOLNWAY WEST SOUTH BEND IN 46616 4734595 0 X SBHERITAGE.ORG X 1974 IN TO ENHANCE THE BEAUTY AND VALUE OF URBAN NEIGHBORHOODS AND EMPOWER RESIDENTS, THROUGH COLLABORATION, PHYSICAL TRANSFORMATION, ADVOCACY AND EDUCATION. 19 19 33 250 0 0 1543983 1660548 3136232 2388498 134489 212828 567596 472721 5382300 4734595 0 0 0 0 1064807 1411966 0 0 0 3772180 3397565 4836987 4809531 545313 -74936 23496568 23238600 9940320 9753780 13556248 13484820 TO ENHANCE THE BEAUTY AND VALUE OF URBAN NEIGHBORHOODS AND EMPOWER RESIDENTS, THROUGH COLLABORATION, PHYSICAL TRANSFORMATION, ADVOCACY AND EDUCATION. 0 0 4585102 2421018 THE OVERLYING GOAL OF THE ORGANIZATION IS COMMUNITY DEVELOPMENT. AS SUCH, ATTENTION IS GIVEN TO ALL ASPECTS/NEEDS IN AN AREA TO FURTHER THIS GOAL. THE ACTIVITITES INITIATE, SUPPORT AND/OR ENCOURAGE URBAN RESIDENTIAL ANC COMMERCIAL REVITALIZATION THROUGH AWARENESS OF AND ATTENTION TO COMMUNITY CHALLENGES. BECAUSE OF THE INTERRELATIONSHIP OF THESE ACTIVIIES, THEY ARE TREATED AS A UNIT FOR BOOKKEEPING PURPOSES. THESE ACTIVITIES INCLUDE BUY/RHEAB/SALE OF PROBLEM PROPERTIES, NEW CONSTRUCTION REHABILITATION AND FINANCIAL ASSISTANCE, EDUCATIONAL PROGRAMS, PROVIDING AFFORDABLE HOUSING, COMMUNITY ORGANIZING AND OTHER COMMUNITY OUTREACH INITIATIES. RESIDENTIAL AND COMMERCIAL FOCUS IS PROVIDED ON A CITY-WIDE BASIS. 4585102 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 10 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 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 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 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 MARCO MARIANI EXECUTIVE DIRECTOR 2.00 X 104622 0 0 104622 0 0 1 0 0 0 0 1468253 192295 1660548 RENTAL INCOME 531110 1778237 1778237 MANAGEMENT FEES 531310 610261 610261 2388498 180308 180308 32520 0 32520 32520 32520 FORGIVENESS OF DEBT 531110 415002 415002 MISC. REVENUE 531110 57719 57719 472721 4734595 2421018 0 653029 1188920 1188920 114063 114063 108983 108983 -55267 -55267 1575 1575 167609 27399 140210 16204 16204 160974 110817 50157 1388778 1388778 4286 2677 1609 42464 42464 294361 294361 989321 989321 288353 288353 ADMINISTRATIVE EXPENSE 86145 86145 BAD DEBTS 6574 6574 SECURITY 6188 6188 4809531 4585102 224429 0 2341598 2089838 259676 491615 80352 1069015 3913713 3974853 317525 19763 34517544 19488950 15674691 15028594 437353 270483 85062 62301 386598 232138 23496568 23238600 416311 909050 68228 36228 9418234 8773267 37547 35235 9940320 9753780 X 13299844 13374906 256404 109914 13556248 13484820 23496568 23238600 -74936 3509 0 X X 0 1 X 1 0 X 1643504 4222985 3271138 1543983 1660548 12342158 1643504 4222985 3271138 1543983 1660548 12342158 12342158 9290 106845 7905 142719 180308 447067 643568 599691 507319 567596 472721 2790895 15580120 12623375 0.79220 0.80740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92953 3509 96462 86305 6648 92953 105597 -19292 86305 94017 11580 105597 83751 10266 94017 1.00000 1 0 364743 364743 33517062 18898186 14618876 635739 590764 44975 15028594 ACCRUED INTEREST 35180 DEFERRED DEVELOPER FEES 55 35235 X 4738104 3509 3509 4734595 0 4734595 4809532 0 4809532 0 4809532 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. 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. SOUTH BEND HERITAGE FOUNDATION INC. ELECTION FOR ITS INVESTMENT IN SB THRIVE GP, LLC ________________________________________________________________________ __________________________________ PURSUANT TO REGULATION SECTION 301.9100-7T(A)(I), SB THRIVE GP, LLC, 803 LINCOLN WAY WEST, SOUTH BEND, IN 46616, EIN: 92-2350353 ELECTS UNDER IRC SECTION 168)H)(6)(F)(II) TO TREAT ANY INCOME OR GAIN TO BE RECOGNIZED BY ANY TAX EXEMPT SHAREHOLDER AS UNRELATED BUSINESS INCOME TO AVOID THE TREATMENT OF SB THRIVE, LLC (EIN: 92-2332565) AS A TAX EXEMPT USE ENTITY, AND ITS SHARE OF PROPERTY DEEMED OWNED, AS TAX-EXEMPT USE PROPERTY. 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