2025-11-12T14:54:40-06:00 2024-12-31 311119890 Barnes Dennig & Co LTD 8470 Allison Pointe Blvd Suite 200 Indianapolis IN 46250 990 2024-01-01 351427889 Near North Development Corporation NEAR 3179279881 1630 N Meridian St Suite 175 Indianapolis IN 46202 Maria Langston Chairman 3179279881 2025-11-11 1 1 Paula Hume P00537516 3175721130 2025-11-11 2024 2025-03-06 01:10:19Z Maria Langston 1630 N Meridian St Suite 175 Indianapolis IN 46202 1498736 0 X N/A X 1977 IN Inner-city housing and economic development focusing on low-income individuals. 16 16 4 16 0 0 1136103 664238 5967 0 40886 -61646 0 2640 1182956 605232 0 0 0 0 232704 282891 0 0 0 1109953 666488 1342657 949379 -159701 -344147 4831552 5185487 2673168 3371250 2158384 1814237 Inner-city housing and economic development focusing on low-income individuals. 0 0 234652 Acquiring, developing, renovating and subsequently selling properties to low-income individuals. 492179 Renting rehabiliated properties to eligible individuals. Making home repairs for eligible homeowners. 9380 Housing counseling related to foreclosure prevention services, as well as post purchase counseling. 736211 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 6 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Maria Langston 3177468501 1630 N Meridian St Suite 175 Indianapolis IN 46202 Maria Langston Chairman 3.00 X X 0 0 0 Mike Barth III Vice Chair 3.00 X X 0 0 0 Cynthia Bay Treasurer 2.00 X X 0 0 0 Greg Petrowich Secretary 2.00 X X 0 0 0 Tammy Baker Director 1.00 X 0 0 0 Nick Campbell Director 1.00 X 0 0 0 Jeff Congdon Director 1.00 X 0 0 0 Danita Hoskin Director 1.00 X 0 0 0 Cordelia Lewis-Burks Director 1.00 X 0 0 0 James Whitfield Director 1.00 X 0 0 0 Celeste Jones Director 1.00 X 0 0 0 Lindsey Richardt Director 1.00 X 0 0 0 Jamal Smith Director 1.00 X 0 0 0 Ben Spandau Director 1.00 X 0 0 0 Barb Stahl Director 1.00 X 0 0 0 Patty Warner Director 1.00 X 0 0 0 Shamika Anderson President - Start 12/16/24 0.00 X 4583 0 500 Brian Carman President - Exit 9/27/24 40.00 X 97095 0 6442 101678 0 6942 0 0 0 0 Structure Midwest LLC 7921 East 46th Street Indianapolis IN 46226 General Contracting Services 521747 1 664238 664238 140676 140676 691182 893504 -202322 -202322 -202322 Other Income 900099 2640 2640 2640 605232 0 0 -59006 108620 65587 43033 149194 90087 59107 4746 2866 1880 6982 4216 2766 13349 8060 5289 2473 2473 32000 32000 19440 19440 22216 22216 10913 10913 9674 9674 Loan Forgiveness 466664 466664 Development Expenses 52231 52231 Other Expenses 50877 46500 4377 949379 736211 213168 0 2779522 3740924 7858 38390 466664 0 130607 130200 1657 407 1575851 1405766 4831552 5185487 7705 93884 2642340 3069357 5110 200000 18013 8009 2673168 3371250 X 2158384 1814237 2158384 1814237 4831552 5185487 -344147 0 X X 0 1 X 1 0 X 763152 1614955 210713 1136103 664238 4389161 763152 1614955 210713 1136103 664238 4389161 503812 3885349 1634 5991 19902 40886 140676 209089 189 2640 2829 4601079 335915 0.84440 0.67940 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2022 Amount: $ 189. 2024 Amount: $ 2,640. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130607 130200 407 407 Investments in Low-income Housing Partnership 447764 Property Held for Redevelopment 949993 Right of use asset - operating leases 8009 1405766 Lease liabilities - operating leases 8009 8009 X 857558 252326 252326 605232 0 605232 1201705 252326 252326 949379 0 949379 Part X, Line 2: Near North Development Corporation is exempt from income taxation under Internal Revenue Code Section 501(c) (3). Management believes that Near North Development Corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Part XI, Line 2d - Other Adjustments: Reclass of planned loss on Sale 252,326. Part XII, Line 2d - Other Adjustments: Reclass of planned loss on Sale 252,326. Form 990, Part VI, Section B, line 11b Near North Development Corporation's Form 990 and all related schedules, statements and attachments are reviewed and approved by the Finance Committee and then presented to the Board of Directors prior to finalizing and filing these tax returns with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Near North Development Corporation requires the Board of Directors and staff to inform the corporation about possible conflict of interest each year. Potential conflict of interest issues are identified, evaluated and resolved with the appropriate level of management or members of the Board of Directors. Form 990, Part VI, Section B, line 15 Near North Development Corporation Executive Committee establish all staffing compensation rates after a thorough review of all related issues, consultation with independent persons, review of comparable data and deliberation. It also conducts a performance review of the President in considering his compensation. The review and related compensation rates are reported to the full Board of Directors of Near North Development Corporation at a subsequent Board meeting. Near North Development Corporation Executive Committee establish all staffing compensation rates after a thorough review of all related issues, consultation with independent persons, review of comparable data and deliberation. It also conducts a performance review of the President in considering his compensation. The review and related compensation rates are reported to the full Board of Directors of Near North Development Corporation at a subsequent Board meeting. Form 990, Part VI, Section C, line 19 Near North 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 president and received at our corporate office address. Form 990, Part XII, Line 2c: No changes in process from the prior year. 2179 LLC 1630 N Meridian Street Suite 1100 Indianapolis IN 46202 852347580 Real Estate Development IN 0 447764 Near North Development Corporation Glenmoor LLC 1433 N Meridian St Suite 201 Indianapolis IN 46202 474806646 Low Income Housing IN Near North Development Corporation Related 0 1 0.66660 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0