2025-09-30T15:32:58-05:00 2024-12-31 341873282 CBIZ ADVISORS LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2024-08-23 994895458 NEON BUSINESS FINANCE NEON 6123021505 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 WARREN MCLEAN PRESIDENT 6123021505 2025-09-30 1 1 BRUCE THIEL P00526510 6123397811 2025-09-30 2024 2025-03-06 01:10:19Z X X WARREN MCLEAN 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 78173 0 X NEON-MN.ORG X 2024 MN BUILD WEALTH FOR LOW-TO MODERATE ENTREPRENEURS IN NORTH MINNEAPOLIS AND SURROUNDING COMMUNITIES. 16 15 0 15 0 0 0 78173 0 0 78173 0 0 0 0 0 -15631 -15631 93804 3984972 3534893 450079 PERFORMING LENDING ACTIVITIES, AND PROVIDING FINANCIAL PRODUCTS AND BUSINESS DEVELOPMENT SERVICES TO FURTHER ITS MISSION TO BUILD WEALTH FOR LOW-TO MODERATE INCOME ENTREPRENEURS IN NORTH MINNEAPOLIS AND SURROUNDING COMMUNITIES. 0 0 -15631 0 78173 IN 2024, NEON BUSINESS FINANCE APPROVED/DISBURSED 5 LOANS FOR OVER $500,000. -15631 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 0 MN X WARREN MCLEAN 6123021505 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 WARREN MCLEAN PRESIDENT 3.00 40.00 X X 0 224297 38459 TRENT BOWMAN CHAIRMAN 1.00 1.00 X X 0 0 0 MELANIE GATEWOOD-HALL VICE CHAIR 1.00 1.00 X X 0 0 0 TYLER BURKHARDT TREASURER 1.00 1.00 X X 0 0 0 DAVID STREIER SECRETARY 1.00 1.00 X X 0 0 0 MARGARET MURPHY MEMBER 1.00 1.00 X 0 0 0 RUSSELL KNIGHTON MEMBER 1.00 1.00 X 0 0 0 SHANNON OLSON TEKLE MEMBER 1.00 1.00 X 0 0 0 BLAKE BERQUIST MEMBER 1.00 1.00 X 0 0 0 SPENCER CRONIN MEMBER 1.00 1.00 X 0 0 0 KB BROWN MEMBER 1.00 1.00 X 0 0 0 BETH DUMKE MEMBER 1.00 1.00 X 0 0 0 GLORIA FREEMAN MEMBER 1.00 1.00 X 0 0 0 DEBRA SPEARS MEMBER 1.00 1.00 X 0 0 0 TING TING NI MEMBER 1.00 1.00 X 0 0 0 TETO WILSON MEMBER 1.00 1.00 X 0 0 0 STEPHEN OBAYUWANA SENIOR VP & COO 5.00 40.00 X 0 139817 20687 0 364114 59146 0 0 1 0 0 INTEREST ON LOANS 541610 72248 72248 TECHNICAL ASSISTANCE 522200 5925 5925 78173 78173 78173 0 0 PROVISION FOR LOAN LOSS -15631 -15631 -15631 -15631 0 0 0 7492 0 2859024 0 1118456 0 3984972 0 3079 0 3531814 0 3534893 X 450079 0 450079 0 3984972 X 93804 356275 X 0 1 X 1 0 X 0 0 0 78173 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION IS FILING THE SHORT YEAR RETURN FOR THE PERIOD OF SEPTEMBER 04, 2024 TO DECEMBER 31, 2024. 0 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 1 0 WARREN MCLEAN PRESIDENT 0 192797 0 31500 0 0 0 8972 0 29487 0 262756 0 0 STEPHEN OBAYUWANA SENIOR VP & COO 0 127817 0 12000 0 0 0 5593 0 15094 0 160504 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS OF NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (NEON), A SUPPORTED ORGANIZATION OF NEON REAL ESTATE HOLDING COMPANY, OBTAINS COMPARABLE COMPENSATION DATA BY REVIEWING FORM 990 OF OTHER SIMILAR ORGANIZATIONS. THE COMPENSATION IS APPROVED BY NEON'S BOARD OF DIRECTORS. PART I, LINE 7 BONUS PAYMENTS WERE DETERMINED BASED ON MEETING ORGANIZATIONAL PERFORMANCE PLAN GOALS AND AT THE DISCRETION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD ELECTRONICALLY TO REVIEW PRIOR TO FILING. BOARD MEMBERS WILL HAVE APPROPRIATE TIME TO COMMENT. FORM 990, PART VI, SECTION B, LINE 12C NEON BUSINESS FINANCE BOARD MEMBERS ARE ALSO BOARD MEMBERS OF NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (NEON). THE CONFLICT OF INTEREST POLICY DESCRIBED BELOW IS IMPLEMENTED BY NEON STAFF ON BEHALF OF NEON BUSINESS FINANCE. PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OF TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. RESPONSIBLE PERSONS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS OF NEON BUSINESS FINANCE, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD OR COMMITTEE ACTION, SHALL DISCLOSE TO THE CHAIR OR THE CHAIR'S DESIGNEE ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO A CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE RESPONSIBLE PERSON KNOWS THE CONFLICT OF INTEREST. EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO NEON BUSINESS FINANCE. EACH MEMBER OF THE BOARD OF DIRECTORS SHALL REVIEW THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF COMPARABLE COMPENSATION DATA. A SELF EVALUATION BY THE EXECUTIVE DIRECTOR WITH INPUT BY BOARD MEMBERS AND A FORMAL REVIEW BY BOARD CHAIR. THE MOST RECENT COMPENSATION REVIEW WAS COMPLETED IN JANUARY 2024. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: INTER-ORGANIZATIONAL CONTRIBUTION 356,275. NORTHSIDE ECONOMIC OPPORTUNITY NETWORK 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55441 800163521 COMMUNITY DEVELOPMENT MN 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK S 4105700 COST