2025-10-29T10:24:05-05:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 510415780 VISION COMMUNITIES INC VISI 3178169300 ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 DAVID M FLAHERTY PRESIDENT 3178169300 2025-10-28 1 0 JACOB A SOWERS P01712829 3178485700 2024 2025-03-06 01:10:19Z DAVID M FLAHERTY ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 4067417 0 X HTTP://VISIONCOMINC.ORG/ X 2002 IN VISION COMMUNITIES, INC. IS AN INDIANA NONPROFIT CORPORATION FORMED ON JULY 26, 2002, TO ENGAGE IN COMMUNITY DEVELOPMENT ACTIVITIES THAT FOSTER AND SUPPORT THE RELIEF FOR THE POOR AND DISTRESSED, OR OF THE UNDERPRIVILEGED, THE PROMOTION OF SOCIAL WELFARE, THE LESSENING OF NEIGHBORHOOD TENSIONS, THE ELIMINATION OF PREJUDICE AND DISCRIMINATION OR THE COMBATING OF COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY, AND TO PROVIDE SAFE AND DECENT HOUSING TO LOW-TO-MODERATE-INCOME PERSONS. 5 5 0 0 0 0 306011 306011 1301538 1399038 111018 192274 198169 2170094 1916736 4067417 55000 83000 0 0 0 0 0 0 0 2480953 1705102 2535953 1788102 -619217 2279315 11655877 13506519 8929054 8500381 2726823 5006138 TO ENGAGE IN COMMUNITY DEVELOPMENT ACTIVITIES AND PROVIDE SAFE AND DECENT ACTIVITIES TO LOW- TO-MODERATE-INCOME PERSONS. 0 0 1712809 83000 3539141 VISION COMMUNITIES, INC. IS AN INDIANA NONPROFIT CORPORATION FORMED ON JULY 26, 2002, TO ENGAGE IN COMMUNITY DEVELOPMENT ACTIVITIES THAT FOSTER AND SUPPORT THE RELIEF FOR THE POOR AND DISTRESSED, OR OF THE UNDERPRIVILEGED, THE PROMOTION OF SOCIAL WELFARE, THE LESSENING OF NEIGHBORHOOD TENSIONS, THE ELIMINATION OF PREJUDICE AND DISCRIMINATION OR THE COMBATING OF COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY, AND TO PROVIDE SAFE AND DECENT HOUSING TO LOW-TO-MODERATE-INCOME PERSONS. 1712809 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 IN X DEREK HAMMOND 3178169300 ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 X X DAVE KELLER TREASURER 0.30 0.00 X X 0 0 0 JERRY COLLINS SECRETARY 0.30 0.00 X X 0 0 0 DAVID FLAHERTY PRESIDENT 0.30 0.00 X X 0 0 0 DAVID BARTUS DIRECTOR 0.30 0.00 X 0 0 0 DOUG HANNOY DIRECTOR 0.30 0.00 X 0 0 0 0 0 0 0 0 0 0 0 306011 306011 RENTAL INCOME 531110 1047967 1047967 DEVELOPMENT INTEREST I 531110 351071 351071 1399038 192274 192274 REVERSAL OF CREDIT LOS 531110 2115103 2115103 TENANT CHARGES 531110 29991 29991 HOME LOAN FORGIVENESS 531110 25000 25000 2170094 4067417 3539141 0 222265 83000 83000 288288 288288 681498 681498 79235 79235 198291 198291 BAD DEBTS 377497 377497 MISCELLANEOUS ADMINISTR 75293 75293 PARTNERSHIP FEES 5000 5000 1788102 1712809 75293 0 2951293 3641299 97308 816512 3041269 3690988 43218 58584 7746992 2790380 5077067 4956612 197068 184733 102949 88755 145705 69036 11655877 13506519 343301 420509 225069 222535 7141920 6811962 1218764 1045375 8929054 8500381 X 2726823 5006138 2726823 5006138 11655877 13506519 2279315 0 X X 0 1 X 1 1 1 X 306011 1231011 306011 306011 306011 2455055 4283878 3613396 4311621 1499707 1454029 15162631 4589889 4844407 4617632 1805718 1760040 17617686 0 656444 57677 378667 1092788 656444 57677 378667 1092788 16524898 5742 19864 43702 111018 192274 372600 5742 19864 43702 111018 192274 372600 2115103 2115103 4595631 4864271 4661334 1916736 4067417 20105389 0.82190 0.92790 0.01850 0.01000 X SCHEDULE A, PART III, LINE 12: OTHER INCOME INCLUDES A REVERSAL OF PRIOR YEARS' CURRENT EXPECTED CREDIT LOSSES (CECL). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 441082 441082 6745077 2328202 4416875 302173 205726 96447 258660 256452 2208 4956612 SECURITY DEPOSITS 41609 ALLOWANCE FOR OBS CREDIT EXPOSURE 1003766 1045375 X 4067417 0 4067417 0 4067417 1695326 0 1695326 92776 92776 1788102 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX AMORTIZATION EXPENSE 12. BOOK/TAX DEPRECIATION EXPENSE 92,764. 0 BOYS & GIRLS CLUB OF NOBLESVILLE INC 1448 CONNER ST NOBLESVILLE IN 46060 351054426 501(C)(3) 0 15000 TO ASSIST ORGANIZATION WITH MISSION OF PROVIDING SOCIAL AND ATHLETIC PROGRAMS FOR CHILDREN GLEANER'S FOOD BANK OF INDIANA INC 3737 WALDEMERE AVE INDIANAPOLIS IN 46241 351483868 501(C)(3) 0 12000 TO ASSIST ORGANIZATION WITH MISSION OF LEADING THE FIGHT AGAINST HUNGER DUCKS UNLIMITED INC ONE WATERFOWL WAY MEMPHIS TN 38120 135643799 501(C)(3) 0 10000 TO ASSIST ORGANIZATION WITH MISSION TO CONSERVE, RESTORE, AND MANAGE WETLANDS AND ASSOCIATED HABITATS FOR NORTH AMERICA'S WATERFOWL. FORM 990, PART VI, SECTION A, LINE 3 VISION COMMUNITIES CONSOLIDATES FIVE PROJECTS AND ONE HOLDING CORPORATION THAT ARE MANAGED BY FLAHERTY & COLLINS, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. FLAHERTY & COLLINS, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED FLAHERTY & COLLINS, INC. TO MANAGE THE VISION COMMUNITIES APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PART VII, LINE 1(A) INFORMATION ABOUT COMPENSATION JERRY COLLINS AND DAVID FLAHERTY ARE OWNERS OF THE MANAGEMENT COMPANY; HOWEVER, THEY ARE NOT INVOLVED WITH THE DAY TO DAY OPERATIONS OF THE MANAGEMENT OF THE PROPERTIES. BECAUSE OF THEIR RESPONSIBILITIES, WE ARE NOT INCLUDING ANY OF THE MANAGEMENT FEES AS COMPENSATION FOR THESE OFFICERS. PART XII, LINE 2C FLAHERTY & COLLINS, INC., THE MANAGEMENT COMPANY, RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, THE EXECUTIVES GIVE THEIR APPROVAL. 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. DOUGLAS POINTE III ASSOCIATES LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 351946082 AFFORDABLE HOUSING IN 814197 536700 VISION COMMUNITIES INC GREAT OAK LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 270559053 AFFORDABLE HOUSING IN 569052 1166963 VISION COMMUNITIES INC DUNEDIN I LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 351958462 AFFORDABLE HOUSING IN 47250 1047375 VISION COMMUNITIES INC HEBRON VISION LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 204728881 AFFORDABLE HOUSING IN 0 0 VISION COMMUNITIES INC CC VINCENNES LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 462366713 AFFORDABLE HOUSING IN -38 1944632 VISION COMMUNITIES INC HWP APARTMENTS LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 510415780 AFFORDABLE HOUSING IN -21 1665081 VISION COMMUNITIES INC VISION RE HOLDINGS LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 AFFORDABLE HOUSING IN -642891 642891 VISION COMMUNITIES INC CLARK'S CROSSING LP ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 900951621 AFFORDABLE HOUSING IN VISION COMMUNITIES INC RELATED -38 1944632 0 1 0.00010 HISTORIC WHITLOCK LP ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 300815340 AFFORDABLE HOUSING IN VISION COMMUNITIES INC RELATED -21 1665081 0 1 0.00010 HISTORIC SULLIVAN LOFTS LP ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 811841870 AFFORDABLE HOUSING IN VISION COMMUNITIES INC RELATED -36 1216650 0 1 0.00010 PARKSIDE AT TARKINGTON LP ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 832756991 AFFORDABLE HOUSING IN VISION COMMUNITIES INC RELATED 3565325 0 0 0.99990 THE LANDING RETAIL LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 900978863 AFFORDABLE HOUSING IN VISION COMMUNITIES INC RELATED -380 5092 0 0 0.05000 RIVER POINTE SENIOR HOUSING LP ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 352498063 AFFORDABLE HOUSING IN VISION COMMUNITIES INC RELATED -74758 665576 0 1 0.00010 DT TERRACE RETAIL LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 465473883 AFFORDABLE HOUSING IN VISION COMMUNITIES INC RELATED -3486 48102 0 0 0.10000 RIVER POINTE RETAIL LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 371778050 AFFORDABLE HOUSING IN VISION COMMUNITIES INC RELATED 475 246041 0 0 0.10000 RP TELL CITY LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 465169256 AFFORDABLE HOUSING IN VISION COMMUNITIES INC C -74758 665576 1.00000 0 HSL SULLIVAN LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 811823622 AFFORDABLE HOUSING IN VISION COMMUNITIES INC C -36 1216650 1.00000 0 PAT VISION LLC ONE INDIANA SQUARE SUITE 3000 INDIANAPOLIS IN 46204 832746957 AFFORDABLE HOUSING IN VISION COMMUNITIES INC C 3565325 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 HISTORIC SULLIVAN LOFTS LP L 166545 DEVELOPMENT FEES RECEIVABLE HISTORIC WHITLOCK LP L 159375 DEVELOPMENT FEES RECEIVABLE CLARK'S CROSSING LP L 421177 DEVELOPMENT FEES RECEIVABLE PARKSIDE AT TARKINGTON LP L 444714 DEVELOPMENT FEES RECEIVABLE RIVER POINTE SENIOR HOUSING LP D 300000 LOAN BALANCE ON BOOKS CLARK'S CROSSING LP D 1153150 LOAN BALANCE ON BOOKS HISTORIC SULLIVAN LOFTS LP D 243888 LOAN BALANCE ON BOOKS HISTORIC WHITLOCK LP D 500000 LOAN BALANCE ON BOOKS PARKSIDE AT TARKINGTON LP D 800000 LOAN BALANCE ON BOOKS PARKSIDE AT TARKINGTON LP D 500000 LOAN BALANCE ON BOOKS RIVER POINTE RETAIL LLC D 632000 LOAN BALANCE ON BOOKS HISTORIC WHITLOCK LP D 138747 LOAN INTEREST REC BALANCE ON BOOK CLARK'S CROSSING LP D 122094 LOAN INTEREST REC BALANCE ON BOOK PARKSIDE AT TARKINGTON LP D 815000 LOAN BALANCE ON BOOKS PARKSIDE AT TARKINGTON LP D 98391 LOAN INTEREST REC BALANCE ON BOOK