2024-08-08T09:47:55-05:00 2023-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-01-01 351643969 WESTSIDE COMMUNITY DEVELOPMENT CORPORATION WEST 3177599088 2226 W MICHIGAN STREET INDIANAPOLIS IN 462223865 BEVERLY MUKES-GAITHER CHIEF EXECUTIVE OFFICE 3177599088 2024-08-08 1 0 DAVID W LEMLER CPA CGMA P00378478 3177456411 2024-08-08 2023 2024-08-08 14:25:15Z X BEVERLY MUKES-GAITHER 2226 W MICHIGAN STREET INDIANAPOLIS IN 462223865 1826381 0 X WWW.WCDCINDY.NGO X 1985 IN ENTITY OPERATES HOUSING DEVELOPMENT PROGRAMS FOR LOW-INCOME INDIVIDUALS AND ECONOMIC DEVELOPMENT PROGRAMS FOR A SPECIFIED AREA WITHIN THE CITY OF INDIANAPOLIS, INDIANA. 14 14 2 16 0 0 208387 780817 98886 4800 196424 971634 64255 579 567952 1757830 185741 411180 0 0 88579 114567 0 0 0 279131 193644 553451 719391 14501 1038439 5067985 6236208 907482 1037266 4160503 5198942 X ENTITY OPERATES HOUSING DEVELOPMENT PROGRAMS FOR LOW-INCOME INDIVIDUALS AND ECONOMIC DEVELOPMENT PROGRAMS FOR A SPECIFIED AREA WITHIN THE CITY OF INDIANAPOLIS, INDIANA. 0 1 13136 1831 AFFORDABLE HOMEOWNERSHIP - PLANNED THE CREATION OF 8-UNITS OF HOMEOWNERSHIP IN PARTNERSHIP WITH 4-MBE EMERGING DEVELOPERS FOR 2024- AWARDED A $1,000,000 GRANT FROM THE NATIONAL URBAN LEAGUE-IAAQLI TO CREATE 17-UNITS OF AFFORDABLE HOMEOWNERSHIP UNITS FOR BUYERS WITH INCOME UP TO 120% AMI BY 2025.- AWARDED FUNDING IN THE PREMIERE CITY FUNDED PROGRAM VIA ARPA, VACANT TO VIBRANT, CONVERTING 4-SMALL VACANT LOTS TO 2-UNITS OF HOUSING FOR BUYERS UP TO 80% AMI.- AWARDED INDI FUNDING FROM INHP TO ASSIST WITH THE 2024 BUIL 467045 411180 3548 AFFORDABLE RENTAL HOUSING- 35 UNITS OF LOW-INCOME RENTAL HOUSING, CHRISTAMORE COURT APARTMENTS A 34-UNIT APARTMENT BUILDING EXCLUSIVELY FOR SENIORS AND A SINGLE-FAMILY HOME UNIT.- PROPERTY MANAGEMENT SERVICES. - RESYNDICATED APARTMENT BUILIDNG, INCLUDING A $850,000 GRANT AWARD FROM NATIONAL URBAN LEAGUE- IAAQLI, AND $1,000,000 HOME FINANCING FROM THE CITY OF INDIANAPOLIS RESULTING IN THE SELL OF THE APARTMENT BUILIDNG AS A LIHTC PROJECT. 480181 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X BOOKKEEPING PLUS 3174622049 232 E MCCLARNON DRIVE GREENFIELD IN 46140 OLGEN WILLIAMS PRESIDENT 3.00 X X 0 0 0 CINDY TOW SECRETARY 1.00 X X 0 0 0 TEHEA HARDING TREASURER 1.00 X X 0 0 0 ANNETTE AVANT DIRECTOR 1.00 X 0 0 0 JOANNE CLASSICK DIRECTOR 1.00 X 0 0 0 BRIGETTE COLLIER DIRECTOR 1.00 X 0 0 0 CRAIG LEEKE DIRECTOR 1.00 X 0 0 0 LEIGH MCCALL DIRECTOR 1.00 X 0 0 0 CARLENA MOSES DIRECTOR 1.00 X 0 0 0 MICHELLE PERRY DIRECTOR 1.00 X 0 0 0 PAUL RAGAN DIRECTOR 1.00 X 0 0 0 MICHAEL ROTH DIRECTOR 1.00 X 0 0 0 CARLI STEVENSON DIRECTOR 1.00 X 0 0 0 DARRELL NICKOLSON DIRECTOR 1.00 X 0 0 0 A MONTGOMERY DIRECTOR 1.00 X 0 0 0 BEVERLY MUKES-GAITHER CHIEF EXECUTIVE OFFICER 40.00 X 90000 0 0 90000 0 0 0 0 0 0 0 780817 780817 RENTAL INCOME 531111 4800 4800 4800 115585 115585 924600 68551 856049 856049 856049 MISCELLANEOUS 900099 579 579 579 1757830 5379 0 971634 411180 411180 90000 45000 45000 15975 7988 7987 8592 4296 4296 54567 54567 792 792 14741 14741 598 598 78304 5377 72927 243 243 975 975 12487 12487 7879 5365 2514 23058 23058 719391 480181 239210 0 218046 1095619 1177 106299 2125 8412 9413 111610 88308 98338 23302 621199 613899 1809327 2205187 4491850 5067985 6236208 8545 16969 377233 503169 516808 512232 4896 4896 907482 1037266 X 4160503 5198942 4160503 5198942 5067985 6236208 1038439 0 X X 0 1 X 1 0 X 553071 639356 560352 208387 780817 2741983 553071 639356 560352 208387 780817 2741983 2741983 3295 405 155180 163962 115585 438427 65253 79261 8073 64255 579 217421 3397831 4800 0.80700 0.83490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2000 2000 108216 87921 20295 1394 387 1007 23302 INVESTMENT PROPERTIES 613899 C 613899 ACCRUED INTEREST - HOME AND SELLER NOTE 297753 HOME NOTE RECEIVABLE 416202 SELLER NOTE RECEIVABLE 1120000 SELLER AND REHAB NOTE 2657895 4491850 SECURITY DEPOSITS 400 FISCAL AGENT FUNDS 4496 4896 X 1757830 0 1757830 0 1757830 719391 0 719391 0 719391 PART X, LINE 2: WCDC IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES WAS MADE IN THE FINANCIAL STATEMENTS. WCDC IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES REQUIRE WESTSIDE CDC TO EXAMINE ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. WESTSIDE CDC IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT 12 MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. WESTSIDE CDC'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN ITS STATEMENTS OF ACTIVITIES AS A COMPONENT OF OPERATING EXPENSES, WHICH TOTAL $0 FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. WESTSIDE CDC'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE. 0 TRANSITION HOUSING PROGRAM 411180 FORM 990, PART III, LINE 3 IN 2023, THE ORGANIZATION CEASED RENTING PREVIOUSLY REHABILITATED PROPERTIES TO LOW-INCOME INDIVIDUALS WITH THE SALE OF CHRISTAMORE COURT APARTMENTS. FORM 990, PART VI, SECTION B, LINE 11B WESTSIDE COMMUNITY DEVELOPMENT CORPORATION'S FORM 990 AND ALL RELATED SCHEDULES, STATEMENTS AND ATTACHMENTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND AN APPROPRIATE REPRESENTATIVE(S) FROM THE BOARD OF DIRECTOR'S EXECUTIVE COMMITTEE PRIOR TO FINALIZING AND FILING THESE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C WESTSIDE COMMUNITY DEVELOPMENT CORPORATION'S BOARD OF DIRECTORS APPROVES OF ALL SERVICE-PROVIDERS WITH WHICH A BOARD MEMBER OR EMPLOYEE MAY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WESTSIDE COMMUNITY DEVELOPMENT CORPORATION'S BOARD OF DIRECTORS DETERMINES AND SETS ALL STAFFING COMPENSATION RATES AFTER A THOROUGH REVIEW OF ALL RELATED ISSUES, CONSULTATION WITH INDEPENDENT PERSONS, REVIEW OF COMPARABLE DATA AND DELIBERATION. FORM 990, PART VI, SECTION C, LINE 19 WESTSIDE COMMUNITY DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AS APPLICABLE, AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST MADE TO THE ATTENTION OF OUR EXECUTIVE DIRECTOR AND RECEIVED AT OUR CORPORATE OFFICE ADDRESS. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. 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