2025-11-17T11:54:48-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 141857868 MIDWEST SUPPORT FOUNDATION INC MIDW 3172820220 1301 E WASHINGTON ST SUITE 100 INDIANAPOLIS IN 46202 JANINE BETSEY CHAIR / TREASURER 3172820220 2025-11-17 1 1 ROBERT J DOYLE JR P02365765 3178485700 2024 2025-03-06 01:10:19Z JANINE BETSEY 1301 E WASHINGTON ST SUITE 100 INDIANAPOLIS IN 46202 3479328 0 X N/A X 2002 IN THE EXEMPT PURPOSE OF THE CORPORATION IS TO EXCLUSIVELY BE ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BUT NOT LIMITED TO, COMBATING COMMUNITY DETERIORATION BY DEVELOPING AND FOSTERING LOW-INCOME HOUSING, WHILE MAINTAINING THE HISTORIC FOUNDATION OF THE COMMUNITY, IN ORDER TO PROVIDE EDUCATIONAL, SOCIAL, AND CULTURAL SERVICES BASED ON COMMUNITY AND NEIGHBORHOOD NEEDS THROUGHOUT THE MIDWEST X 6 6 0 0 0 0 0 1690000 2338346 119065 220728 -11861105 150178 54642 2709252 -9997398 0 100000 0 0 0 0 0 0 0 29363 98872 29363 198872 2679889 -10196270 19830310 9605256 2232403 2203619 17597907 7401637 X THE EXEMPT PURPOSE OF THE CORPORATION IS TO EXCLUSIVELY BE ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BUT NOT LIMITED TO, COMBATING COMMUNITY DETERIORATION BY DEVELOPING AND FOSTERING LOW-INCOME HOUSING, WHILE MAINTAINING THE HISTORIC FOUNDATION OF THE COMMUNITY, IN ORDER TO PROVIDE EDUCATIONAL, SOCIAL, AND CULTURAL SERVICES BASED ON COMMUNITY AND NEIGHBORHOOD NEEDS THROUGHOUT THE MIDWEST 0 0 173070 100000 376702 REAL ESTATE DEVELOPMENT - THE ORGANIZATION PARTICIPATES IN LEADING DEVELOPMENT AND HISTORIC REHABILITATION OF COMMERCIAL OR MIXED USE BUILDINGS ALONG IN THE MIDWEST. AS A DEVELOPER, CO-DEVELOPER, OR FACILITATOR, THE ORGANIZATION RECEIVES FINANCING AND SUBSIDY FUNDS TO DIRECTLY IMPROVE, OR ENCOURAGE IMPROVEMENT, OF KEY PROPERTIES CRITICAL TO THE OVERALL REDEVELOPMENT EFFORTS IN THE MIDWEST. 173070 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 IN X JANINE BETSEY 3172820220 1301 E WASHINGTON ST SUITE 100 INDIANAPOLIS IN 46202 X JANINE BETSEY CHAIR / TREASURER 5.00 X X 0 0 0 KRISTEN DAVIS SECRETARY 5.00 X X 0 0 0 JAMES TAYLOR BOARD MEMBER 5.00 X 0 0 0 TRACY ALDRICH BOARD MEMBER 5.00 X 0 0 0 DUSTIN DETZLER BOARD MEMBER 5.00 X 0 0 0 AARON LASTER BOARD MEMBER 5.00 X 0 0 0 KEN BRETZ FORMER BOARD MEMBER 5.00 X 0 0 0 0 0 0 0 0 0 0 0 1690000 1690000 1690000 LOAN ORIGINATION FEE 531110 50000 50000 PARTNERSHIP MANGEMENT FEE 531110 44065 44065 PARTNERSHIP ADMINSSION FEE 531110 25000 25000 119065 202995 202995 639258 773368 13476726 0 -12837468 773368 -12064100 -12064100 DEVELOPMENT ADVANCES 531110 54543 54543 TENANT CHARGES 531110 99 99 54642 -9997398 -11687398 0 0 100000 100000 2129 2129 23673 23673 1739 1739 12937 12937 56644 56644 1750 1750 198872 173070 25802 0 221839 417040 0 138177 1690000 0 1690000 112 9469 19608359 7350570 19830310 9605256 9695 19040 2222708 2184579 2232403 2203619 X 17597907 7401637 17597907 7401637 19830310 9605256 -10196270 0 X X 1 X 0 1 0 X 0 0 0 0 1 1 560894 125533 286334 2338346 119065 3430172 560894 125533 286334 2338346 119066 3430173 0 0 0 3430173 94149 96248 186966 186728 202995 767086 94149 96248 186966 186728 202995 767086 2898 1800 184178 54543 243419 657941 223581 473300 2709252 376604 4440678 0.77240 0.80830 0.17270 0.11070 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: LAND DATE: 05/30/24 AMOUNT: 90000. DESCRIPTION: LAND DATE: 12/19/24 AMOUNT: 1600000. SCHEDULE A, PART III, LINE 12: MISCELLANEOUS REVENUE CONSISTS OF TENANT CHARGES AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. FOR THE YEAR 2023, THIS ALSO INCULDES THE SALE OF HOME AND AHP LOANS AND DEVELOPMENT ADVANCES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1690000 1690000 1690000 NOTE RECEIVABLE - R&T LOFTS 100000 LOAN RECEIVABLE - TWG 281265 ACCRUED INTEREST RECEIVABLE 344321 SELLER NOTE - SILVER OAK 800000 NOTE RECEIVABLES 3139393 DEVELOPER AND CONSULTING FEES 2593818 PARTNERHSIP MANAGEMENT FEE 91773 7350570 INTEREST ON LOANS/NOTES 76547 NOTES PAYABLE-LT 2108032 2184579 X 3721391 881321 881321 2840070 -12837468 -12837468 -9997398 14791864 14592992 14592992 198872 0 198872 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 AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. NOTHING HAS COME TO OUR ATTENTION THAT WOULD INDICATE THAT THERE IS A FEDERAL OR STATE INCOME TAX LIABILITY DUE. PART XI, LINE 2D - OTHER ADJUSTMENTS: TIPTON SENIOR APARTMENTS, LP REVENUE CONSOLIDATED FOR GAAP BUT NOT FOR TAX 397,044. MSF SEYMOUR LP REVENUE CONSOLIDATED FOR GAAP BUT NOT FOR TAX 484,277. PART XI, LINE 4B - OTHER ADJUSTMENTS: SALE OF NOTES RECEIVABLE -12,837,468. PART XII, LINE 2D - OTHER ADJUSTMENTS: TIPTON SENIOR APARTMENTS, LP EXPENSES CONSOLIDATED FOR GAAP BUT NOT FOR TAX 642,824. MSF SEYMOUR LP EXPENSES CONSOLIDATED FOR GAAP BUT NOT FOR TAX 1,112,700. SALE OF NOTES RECEIVABLE 12,837,468. 1 THE JOHN H BONER COMMUNITY CENTER INC 2236 EAST 10TH STREET INDIANAPOLIS IN 46201 237204495 501(C)(3) 100000 0 TO ASSIST THE LOW INCOME COMMUNITY 1 PART I, LINE 2: GRANTS AND CONTRIBUTIONS ARE AWARDED TO HELP WITH THE OVERALL MISSION TO PROVIDE EDUCATIONAL, SOCIAL, AND CULTURAL SERVICES BASED ON COMMUNITY AND NEIGHBORHOOD NEEDS. X LAND 2 1690000 APPRAISAL 0 0 0 PART I, COLUMN (B): LAND APPRAISED AT $90,000 DONATED BY HILLCREST GREEN II, LP. LAND APPRAISED AT $1,600,000 DONATED BY FAIRGROUND FLATS, LP. NOTE RECEIVABLE - R&T LOFTS GP LLC 2024-12-31 100000 AGREED UPON SALE PRICE BASED ON PV OF THE NOTE 834696645 TWG GP III LLC 1301 E WASHINGTON ST INDIANAPOLIS IN 46202 PARTNERSHIP NOTE RECEIVABLE - COMMONWEALTH SENIOR APARTMENTS GP LLC 2024-12-31 12593 AGREED UPON SALE PRICE BASED ON PRESENT VALUE OF THE NOTE 834696645 TWG GP III LLC 1301 E WASHINGTON ST INDIANAPOLIS IN 46202 PARTNERSHIP NOTE RECEIVABLE - COMMONWEALTH SENIOR APARTMENTS LP 2024-12-31 268672 AGREED UPON SALE PRICE BASED ON PV OF THE NOTE 834696645 TWG GP III LLC 1301 E WASHINGTON ST INDIANAPOLIS IN 46202 PARTNERSHIP NOTE RECEIVABLE - SOUTHRIDGE APARTMENTS PARTNERS LP 2024-12-31 109677 AGREED UPON SALE PRICE BASED ON PV OF THE NOTE 834696645 TWG GP III LLC 1301 E WASHINGTON ST INDIANAPOLIS IN 46202 PARTNERSHIP NOTE RECEIVABLE - WESTDALE APARTMENTS LP 2024-12-31 148316 AGREED UPON SALE PRICE BASED ON PV OF THE NOTE 834696645 TWG GP III LLC 1301 E WASHINGTON ST INDIANAPOLIS IN 46202 PARTNERSHIP 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 PDF VERSION E-MAILED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY REVIEW ANNUALLY OF CONFLICT STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIALS AND OFFICERS IS REVIEWED ANNUALLY BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART XII, LINE 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE REVIEW. PRIOR TO THE FINALIZATION OF THE REVIEW, A COPY OF THE REVIEW IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE REVIEW 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. SCHEDULE N THE ORGANIZATION HAS AGREED TO SELL FIVE NOTES RECEIVABLE, WHICH WERE DUE FROM RELATED AND UNRELATED ENTITIES, TO AN UNRELATED PARTY. THE SALES OCCURRED IN 2025 PRIOR TO THE COMPLETION OF THE 2024 REVIEWED FINANCIAL STATEMENTS AND THE FILING OF THE 2024 TAX RETURN. SINCE A SALE PRICE WAS KNOWN AT THE TIME OF FILING, THE NOTES RECEIVABLE WERE WRITTEN DOWN TO THE SALES PRICES OF THE NOTES. PRESENT VALUE CALCULATIONS WERE USED TO DETERMINE THE FAIR MARKET VALUES OF THE NOTES AND SALES PRICES. THE DISPOSITIONS ARE DISCLOSED ON SCHEDULE N. 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