2025-11-17T16:53:33-06:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 1300 EAST 9TH ST SUITE 900 CLEVELAND OH 44114 990 2024-01-01 311573317 WOODWARD DEVELOPMENT CORPORATION WOOD 7403975262 107 SOUTH MAIN STREET MOUNT VERNON OH 43050 LARRY GRINDLE CHAIR 7403975262 2025-11-17 1 0 ANNETTE STEVENSON P01062362 2162989000 2024 2025-03-06 01:10:19Z LARRY GRINDLE 107 S MAIN STREET MOUNT VERNON OH 43050 1433461 0 X WWW.THEWOODWARD.ORG X 1998 OH TO SUPPORT THE PERFORMING ARTS AND THE HERITAGE OF KNOX COUNTY BEGINNING WITH THE RENOVATION, RESTORATION AND OPERATION OF THE WOODWARD OPERA HOUSE AND TO ENGAGE IN ANY LAWFUL ART OR ACTIVITY PERMITTED UNDER THE OHIO REVISED CODE SECTION 1702.1 TO 1202.87 INCLUSIVE. 9 9 0 25 0 0 206830 259180 37709 886382 25 146 0 287753 244564 1433461 0 0 0 0 0 0 0 0 0 711272 942644 711272 942644 -466708 490817 17828511 17118992 26727 258753 17801784 16860239 X TO SUPPORT THE PERFORMING ARTS AND THE HERITAGE OF KNOX COUNTY BEGINNING WITH THE RENOVATION, RESTORATION AND OPERATION OF THE WOODWARD OPERA HOUSE AND TO ENGAGE IN ANY LAWFUL ART OR ACTIVITY PERMITTED UNDER THE OHIO REVISED CODE SECTION 1702.1 TO 1202.87 INCLUSIVE. 0 0 280806 886382 CREATED A COMMUNITY AND INSTITUTIONAL PARTNERSHIP THAT FORMED THE BASIS OF FUNDING A DOWNTOWN HISTORIC PRESERVATION AND ECONOMIC DEVELOPMENT PROGRAM FOR THE RESTORATION OF THE 2ND OLDEST THEATER IN THE UNITED STATES - THE WOODWARD OPERA HOUSE CIR 1851. INITIATED A MULTI-MILLION DOLLAR RESTORATION PROJECTED FOR THE 2ND OLDEST THEATER IN THE UNITED STATES - THE WOODWARD OPERA HOUSE CIR 1851, THAT WILL HOUSE A HEALTHY LOCAL FOODS INITIATIVE STORE AND CAFE IN A FOOD DEFICIENT NEIGHBORHOOD AS WELL AS ARTS AND CONFERENCE SPACE TO SUPPORT THE WOODWARD ARTS AND COMMUNITY DEVELOPMENT INITIATIVE. INITIATED A MULTI-MILLION DOLLAR RESTORATION PROJECT FOR THE 1885 C.G. COOPER BUILDING THAT WILL HOUSE A HEALTHY LOCAL FOODS INITIATIVE COMMUNITY KITCHEN PROCESSING FACILITY IN A FOOD DEFICIENT NEIGHBORHOOD AS WELL AS ARTS AND CONFERENCE SPACE TO SUPPORT THE WOODWARD ARTS AND COMMUNITY DEVELOPMENT INITIATIVE. 280806 1 1 0 0 0 0 0 0 0 0 1 0 0 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 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 OH X RENEE MCDANIEL 7403971721 20 W OHIO AVE MOUNT VERNON OH 43050 X LARRY GRINDLE CHAIR 15.00 X X 0 0 0 MAUREEN BUCHWALD VICE-CHAIR 0.00 X X 0 0 0 CHARLES KINDEL SECRETARY 0.00 X X 0 0 0 SUSAN RAMSER TRUSTEE 0.00 X 0 0 0 ANN LAUDEMAN TRUSTEE 0.00 X 0 0 0 BARRY LESTER TRUSTEE 0.00 X 0 0 0 DAVID STULLER TRUSTEE 15.00 X 0 0 0 JAY NIXON TRUSTEE 0.00 X 0 0 0 LAURA WEBSTER TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 0 259180 259180 FLOWTHROUGH INCOME 522200 886382 886382 886382 146 146 280371 0 280371 280371 280371 OTHER INCOME 522200 7382 7382 7382 1433461 1174281 0 0 225648 225648 280806 280806 REPAIRS AND MAINTENANCE 165410 165410 MISCELLANEOUS 74398 74398 UTILITIES 71741 71741 INSURANCE 50782 50782 73859 73859 942644 280806 661838 0 31489 57682 103606 703728 0 8258018 0 25649775 8737080 1072813 16912695 7568252 0 194211 45009 17828511 17118992 1333 254568 16065 0 9329 4185 26727 258753 X 17801784 16860239 17801784 16860239 17828511 17118992 X 490817 -1432362 X 0 0 0 X 405367 432368 273570 206830 259180 1577315 405367 432368 273570 206830 259180 1577315 1400 50528 115000 65000 59500 291428 0 1400 50528 115000 65000 59500 291428 1285887 4 2 5 25 146 182 4 2 5 25 146 182 54202 39956 38667 37709 1177504 1348038 459573 472326 312242 244564 1436830 2925535 0.43950 0.70140 0.00010 0.00170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77538 77538 25572237 8737080 16835157 16912695 PAYROLL LIABILITIES 1962 CONSTRUCTION, SOFT COSTS 2223 4185 FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION'S EXECUTIVE COMMITTEE REVIEWED THE FORM 990 PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EVERY DISBURSEMENT IS REVIEWED AND APPROVED/SIGNED BY THE BOARD CHAIR AND A MEMBER OF THE BOARD. ANY THAT WOULD INCLUDE PAYMENT TO A BOARD MEMBER WOULD BE SCRUTINIZED TO ASSURE IT WAS WITHIN THE BOUNDS OF A CONFLICT OF INTEREST POLICY AND GOOD BUSINESS PRACTICES. IN ADDITION, ANY POTENTIAL CONTRACTS OR BUSINESS AFFILIATIONS BETWEEN THE CORPORATION AND ANY INDIVIDUAL OR ENTITY RELATED TO A BOARD MEMBER, ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE WOODWARD DEVELOPMENT CORPORATION PROVIDES A LISTING OF CURRENT BOARD MEMBERS, THE LAST THREE YEARS OF 990 AND 990-T RETURNS, AS WELL AS COPIES OF THE RECENT AUDIT REPORTS ON THEIR WEBSITE (WWW.THEWOODWARD.ORG). COPIES OF GOVERNING DOCUMENTS ARE AVAILABLE BY REQUEST ONLY. FORM 990, PART XI, LINE 9: THE ORGANIZATION'S ACQUISITION OF TWAIN INVESTMENT FUND 89, LLC -1,432,362. WOODWARD LENDER LLC 107 S MAIN ST MOUNT VERNON OH 43050 472915292 LENDING/INVESTMENT OH -8300 8452229 WOODWARD DEVELOPMENT CORPORATION WOODWARD LANDLORD LLC 107 S MAIN ST MOUNT VERNON OH 43050 472852409 RENTAL REAL ESTATE OH WOODWARD DEVELOPMENT CORPORATION RELATED -802788 18550666 0 0 1.00000 WOODWARD TENANT LLC 107 S MAIN ST MOUNT VERNON OH 43050 472871067 RENTAL REAL ESTATE OH WOODWARD DEVELOPMENT CORPORATION RELATED 882078 5738986 0 0 1.00000 WOODWARD MANAGER LLC 107 S MAIN ST MOUNT VERNON OH 43050 472887269 INVESTING OH WOODWARD DEVELOPMENT CORPORATION C -762186 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WOODWARD MANAGER LLC B 113559 CASH PART III DURING 2024, WOODWARD MANAGER LLC WAS DISSOLVED, RESULTING IN WOODWARD LANDLORD LLC AND WOODWARD TENANT LLC BECOMING DISREGARDED ENTITIES AS OF DECEMBER 31, 2024. UPON DISSOLUTION, THE ORGANIZATION RECEIVED WOODWARD MANAGER LLC'S INVESTMENTS IN WOODWARD LANDLORD LLC AND WOODWARD TENANT LLC AND WOODWARD MANAGER LLC WAS INSOLVENT.