2024-10-16T03:43:17-04:00 2023-12-31 990 2023-01-01 851982223 NEW MARKET OPPORTUNITY FUND INC % FRANK A HOFFMAN NEWM 3179894070 11153 NORTH IDEAL BEACH DRIVE SYRACUSE IN 46567 Frank Hoffman Secretary 2024-10-16 2023 2024-10-15 13:58:12Z FRANK A HOFFMAN 11153 NORTH IDEAL BEACH DRIVE SYRACUSE IN 46567 1268632 false X N.A. X 2019 IN The Corporation is a public benefit corporation that is organized and operated exclusively to benefit perform and carry out the charitable educational and other exempt purposes of the Enfocus Inc. an Indiana nonprofit corporation Enfocus Association of Indiana Enterprise Zones Inc. an Indiana nonprofit corporation and its members collectively referred to as AIEZ and any other supported organizations to be added by the Corporation from time to time by amendment to the Articles collectively referred to as the Supported Organizations as such purposes are described in Sections 170c2B 501c3 2055a2 and 2522a2 of the Internal Revenue Code of 1986 as amended or corresponding provisions of any subsequent federal tax laws the Code and set forth in the Articles of Incorporation of the Supported Organizations which include or contemplated those purposes set forth in Schedule O: SEE SCHEDULE O. 3 3 0 0 0 0 0 0 0 1268632 0 0 284611 0 284611 1268632 0 0 0 0 0 0 0 0 0 0 0 0 0 284611 1268632 285733 1554365 0 0 285733 1554365 The Corporation is a public benefit corporation that is organized and operated exclusively to benefit perform and carry out the charitable educational and other exempt purposes of the Enfocus Inc. an Indiana nonprofit corporation Enfocus Association of Indiana Enterprise Zones Inc. an Indiana nonprofit corporation and its members collectively referred to as AIEZ and any other supported organizations to be added by the Corporation from time to time by amendment to these Articles collectively referred to as the Supported Organizations as such purposes are described in Sections 170c2B 501c3 2055a2 and 2522a2 of the Internal Revenue Code of 1986 as amended or corresponding provisions of any subsequent federal tax laws the Code and set forth in the Articles of Incorporation of the Supported Organizations which include or contemplated those purposes set forth in Schedule O: SEE SCHEDULE O. false false 0 0 0 Assist in the organization of a statewide community development entity to facilitate financing of economic development and job creation for low income persons in low income communities. Anticipate assisting the state of Indiana and the local government in the financing over $75,000,000 for the expansion of industrial small businesses located in a low income communities that will create over 600 jobs with wages excess of the MIT living wage with benefits most of which will be assessible to low income person without a college degree. 0 0 0 Assist in the organization of its second community development entity to facilitate financing of economic development and job creation for low income persons in low income communities targeted by local government for economic development. Assisted the state of Indiana and the city of Kokomo in the financing over $75,000,000 in public infrastructure required for a electric vehicle battery plant located in a low income community that will create over 1,400 jobs with wages excess of the MIT living wage with benefits most of which will be assessible to low income person without a college degree. 0 0 0 0 0 0 0 true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false false false false false false false false false true true true false false false true 0 0 0 false false false false false false false 0 false false false false false false false 0 0 false false false 3 3 false false false false false false true true true true false true true true true true true false false true true X Frank A Hoffman 3179894070 11153 NORTH IDEAL BEACH DRIVE SYRACUSE IN 46567 Dennis Carson GOVERNING BOARD DIRECTOR 0.25 0.00 X 0 0 0 S Joe DeHaven GOVERNING BOARD DIRECTOR 0.25 8.00 X 0 208560 0 Frank Hoffman SECRETARY TREASURER 1.00 0.00 X 0 0 0 Andrew Wiand PRESIDENT GOVERNING BOARD DIRECTOR 0.25 0.00 X X 0 0 0 TERRI CZAJKA ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 PETER GILES ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 JOBI GOLDEN ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 ALAN JONES ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 PAMELA MEMBER ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 JOHN MURPHY ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 CHAD PITTMAN ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 BARBARA QUANDT ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 JUDITH THOMAS ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 CHAD ZAUCHA ADVISORY BOARD MEMBER 0.25 0.00 X 0 0 0 0 208560 0 0 false true false 0 0 0 0 0 0 0 0 Short term capital gain NMOF CDE II See Sch. O 926110 1966521 0 0 0 Ordinary business loss NMOF CDE II See Sch. O 926110 -1124828 0 0 0 Interest income NMOF CDE II LLC See Sch O 926110 297317 0 0 0 Ordinary business income NMOF CDE LLC See Sch. O 926110 129622 0 0 0 0 0 0 0 0 0 0 0 1268632 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1268632 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 285733 1554365 285733 1554365 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 285733 1554365 285733 1554365 285733 1554365 1268632 0 0 0 0 0 X false false false X X X 2 ENFOCUS INC 455638209 10 true 0 0 THE ASSOCIATION OF INDIANA ENTERPRISE ZONES INC 351996121 10 true 0 0 2 0 0 true false false false false false false false false false false false false false false false false false true false Part IV Section A Line 1 HISTORIC RELATIONSHIP ENFOCUS AND AIEZ PARITICIPATE IN THE ORGANIZATION FORMATION START UP AND ONGOING IMPLEMENTATION OF MANAGMENT AND IMPLEMENTATION OF THE TAXPAYER SINCE INCEPTION . Ownership Interest in New Market Opportunity Fund CDE II LLC f k a Kokomo Developer LLC 1139010 Ownership Interest in New Market Opportunity Fund CDE LLC 415355 1554365 X X X X false false false false false false false false false S Joe DeHaven GOVERNING BOARD DIRECTOR 0 208560 0 0 0 0 0 0 0 0 0 208560 0 0 Part VI, Line 7b Per the Taxpayers Articles the Taxpayer is at all time accountable to a residents of low income communities through its advisory board as contemplated under Section 45Dc1B and b its Supported Organizations. Throughout the year representatives of the Supported Organizations and members of the the Taxpayer's advisory board monitors review and discuss the activity of the Taxpayer and its affiliate entities reported on Schedule R to assure such activity is consistent with the purposes and missions of the Supported Organizations Taxpayer and each of the Taxpayers Community Development Entities. Each proposed and monitored transaction of each affiliated entity is reviewed by representatives of the Supported Organizations on the Taxpayers governing board and Taxpayer's advisory board upfront and on a routine periodic basis after closing to assure such transaction is exclusively related and consistent with the missions and purposes of the Taxpayer and its Supported Organizations. The exclusive purpose of the Taxpayers independent statewide advisory broad is to assure that the Taxpayer and is affiliate entities are only facilitating the formation and operation of community development entities and transactions that exclusively further the missions and purposes of the Supported Organizations and Taxpayer. Detailed analysis of each proposed formation of each of the Taxpayers community development entity and each proposed transaction of such community development entity is completed for the Taxpayers advisory board to assure such activity is and will continue to be related to the missions and purposes of the Taxpayer and its Community Development Entities. The Taxpayer with not pursue the formation a new community development entity or allow a community development entity to facilitate a new transaction without the support of the Taxpayers advisory board and the representatives of its Supported Organizations. Part VI, Line 11b Throughout the year representatives of the Supported Organizationsand members of the governing board and officers monitor review and discuss the activity of the Taxpayer and its affiliate entities reported on Schedule R to assure such activity is consistent with the purposes and missions of the Supported Organization and the Taxpayer and how such activity will be reported on the Form 990 and each affiliate tax return. When needed the management of Taxpayer and its affiliate entities seek advice from independent tax accountants related to such analysis. Each proposed and monitored transaction of each affiliated entity is reviewed by the Supported Organizations,members of thegoverning board and officers the advisory board upfront and on a routine periodic basis after closing to assure such transaction is exclusively related and consistent with the missions and purposes of theTaxpayer and its Supported Organizations. The exclusive purpose of the independent statewide advisory broad is to assure that theTaxpayer and itsi affiliate entities are only facilitating the formation and operation of community development entities and transactions that exclusively further the missions and purposes of the Supported Organizations and Taxpayer. Detailed analysis of each proposed formation of each of the community development entity and each proposed transaction of such community development entity is completed for Taxpayer by management of each community development entity and reviewed and routinely monitored by the Supported Organizations members of theTaxpayer's governing board and officers and the advisory board to assure such activity is and will continue to be consistent with the purposes and missions of the Supported Organizations Taxpayer and each of the affiliate Community Development Entities. The Taxpayer with not pursue the formation a new community development entity or allow a community development entity to facilitate a new transaction without the support of the Taxpayer's advisory board and the representatives of its Supported Organizations. Part VI, Line 12c Routinely analyze by management and advice provided to each director and office to report any potential conflict of interest. No transaction is effectuated by the taxpayer without considering potential conflicts of interest. To date there have not been an breaches or required enforcement related to the Taxpayer's policies. Part VI, Line 19 The Taxpayer will provide its governing documents articles of incorporation and bylaws Form 1023 conflict of interest policy financial statements and Form 990 available to the general public upon request at any time at an office of the organization or via e-mail . No requests were received during the taxable year. Part VI, line 9 | Name of the person:, Address of the person:| Dennis Carson, 515 Columbia Street, 515 Columbia Street, 515 Columbia Street, IN, 46037| S Joe DeHaven, 11760 Whisperwood, 11760 Whisperwood, 11760 Whisperwood, IN, 46037| Andrew Wiand, 635 S Lafayette BLVD Suite 123L, 635 S Lafayette BLVD Suite 123L, 635 S Lafayette BLVD Suite 123L, IN, 46601| Part I Line 1 | Explanation:| Primary Purposes: a To lessen the burdens of government on community development economic development public health and safety or workforce development projects by providing innovative entrepreneurial solutions that will cut costs and increase the overall impact ofthese programs in the State of Indiana State; bTo develop the capacity to improve the quality of life within economically distressed communities in the State; c To provide education by instructing or training individuals and organizations for the purpose of improving or developing their capabilities in the State; d To participate in community based economic development activities as contemplated under Indiana Code Community Based Economic Development Activities in the State; or eTo make public welfare investments as contemplated in Section 24 of the Federal Deposit Insurance Act 12U.S.C.1831a Part 362 of the FDIC's Rules and Regulations and 12C.F.R.Part 362 and Section 24 eleventh of the National Bank Act 12 U.S.C. 2411th a Public Welfare Investment in the State. Part III Line 1 | Explanation:| Primary Mission: a To lessen the burdens of government on community development economic development public health and safety or workforce development projects by providing innovative entrepreneurial solutions that will cut costs and increase the overall impact ofthese programs in the State of Indiana State; bTo develop the capacity to improve the quality of life within economically distressed communities in the State; c To provide education by instructing or training individuals and organizations for the purpose of improving or developing their capabilities in the State; d To participate in community based economic development activities as contemplated under Indiana Code Community Based Economic Development Activities in the State; or eTo make public welfare investments as contemplated in Section 24 of the Federal Deposit Insurance Act 12U.S.C.1831a Part 362 of the FDIC's Rules and Regulations and 12C.F.R.Part 362 and Section 24 eleventh of the National Bank Act 12 U.S.C. 2411th a Public Welfare Investment in the State. Part VI Line 12 | Explanation:| Routinely analyze by management and advice provided to each director and office to report any potential conflict of interest. No transaction is effectuated by the taxpayer without considering potential conflicts of interest. To date there have not been an breaches or required enforcement related to the Taxpayer's policies. Part VI Line 7 | Explanation:| Per the Taxpayers Articles the Taxpayer is at all time accountable to a residents of low income communities through its advisory board as contemplated under Section 45Dc1B and b its Supported Organizations. Throughout the year representatives of the Supported Organizations and members of the the Taxpayers advisory board monitors review and discuss the activity of the Taxpayer and its affiliate entities reported on Schedule R to assure such activity is consistent with the purposes and missions of the Supported Organizations Taxpayer and each of the Taxpayers Community Development Entities. Each proposed and monitored transaction of each affiliated entity is reviewed by representatives of the Supported Organizations on the Taxpayer's governing board and Taxpayers advisory board upfront and on a routine periodic basis after closing to assure such transaction is exclusively related and consistent with the missions and purposes of the Taxpayer and its Supported Organizations. The exclusive purpose of the Taxpayers independent statewide advisory broad is to assure that the Taxpayer and is affiliate entities are only facilitating the formation and operation of community development entities and transactions that exclusively further the missions and purposes of the Supported Organizations and Taxpayer. Detailed analysis of each proposed formation of each of the Taxpayers community development entity and each proposed transaction of such community development entity is completed for the Taxpayers advisory board to assure such activity is and will continue to be related to the missions and purposes of the Taxpayer and its Community Development Entities. The Taxpayer with not pursue the formation a new community development entity or allow a community development entity to facilitate a new transaction without the support of the Taxpayers advisory board and the representatives of its Supported Organization. Part VI Line 11 | Explanation:| Throughout the year representatives of the Supported Organizationsand members of the governing board and officers monitor review and discuss the activity of the Taxpayer and its affiliate entities reported on Schedule R to assure such activity is consistent with the purposes and missions of the Supported Organization and the Taxpayer and how such activity will be reported on the Form 990 and each affiliate tax return. When needed the management of Taxpayer and its affiliate entities seek advice from independent tax accountants related to such analysis. Each proposed and monitored transaction of each affiliated entity is reviewed by the Supported Organizations,members of thegoverning board and officers the advisory board upfront and on a routine periodic basis after closing to assure such transaction is exclusively related and consistent with the missions and purposes of theTaxpayer and its Supported Organizations. The exclusive purpose of the independent statewide advisory broad is to assure that theTaxpayer and itsi affiliate entities are only facilitating the formation and operation of community development entities and transactions that exclusively further the missions and purposes of the Supported Organizations and Taxpayer. Detailed analysis of each proposed formation of each of the community development entity and each proposed transaction of such community development entity is completed for Taxpayer by management of each community development entity and reviewed and routinely monitored by the Supported Organizations members of theTaxpayer's governing board and officers and the advisory board to assure such activity is and will continue to be consistent with the purposes and missions of the Supported Organizations Taxpayer and each of the affiliate Community Development Entities. The Taxpayer with not pursue the formation a new community development entity or allow a community development entity to facilitate a new transaction without the support of the Taxpayers advisory board and the representatives of its Supported Organizations. Part VIII Line 2 | Explanation:| a. Economic Development Program Related Income -Short term gain allocation set forth on Schedule K-1 New Market Opportunity Fund CDE II LLC f k a Kokomo Developer LLC. EIN:92-0784301 Part VIII Line 2 | Explanation:| b. Economic Development Program Related Income - Ordinary Business Loss allocation set forth on Schedule K-1 New Market Opportunity Fund CDE II LLC f k a Kokomo Developer LLC. EIN:92-0784301 Part VIII Line 2 | Explanation:| c. Economic Development Program Related Income - Interest Income allocation set forth on Schedule K-1 New Market Opportunity Fund CDE II LLC f k a Kokomo Developer LLC. EIN:92-0784301 Part VIII Line 2 | Explanation:| d. Economic Development Program Related Income - Ordinary Business Income allocation set forth on Schedule K-1 New Market Opportunity Fund CDE LLC. EIN:84-1950002 Part VI Line 19 | Explanation:| The Taxpayer will provide its governing documents articles of incorporation and bylaws Form 1023 conflict of interest policy financial statements and Form 990 available to the general public upon request at any time at an office of the organization or via e-mail . No requests were received during the taxable year. NMOF FUND 10 LLC 11153 N Ideal Beach Dr Syracuse IN 46567 920784301 Investment; owns 100% of New Market Opportunity Fund CDE II LLC. EIN: 92-0784301 IN 0 0 New Market Opportunity Fund Inc NEW MARKET OPPORTUNITY FUND CDC LLC 4841 E 96TH ST SUITE 200 INDIANAPOLIS IN 46240 841950002 community development entity; creates low income community jobs; public welfare investments. IN NEW MARKET OPPORTUNITY FUND INC Related 129523 63402095 false 0 false 0.0099 NEW MARKET OPPORTUNITY FUND CDC II LLC 635 S LAFAYETTE BLVD Suite 123L SOUTH BEND IN 46601 920784301 community development entity creates low income community jobs public welfare investments. IN NEW MARKET OPPORTUNITY FUND INC Related 1139010 1139010 false 0 false 0.01000 Kokomo Developer Member Inc 635 S LAFAYETTE BLVD SUITE 123L SOUTH BEND IN 46601 920784301 INVESTMENT COMMUNITY DEVELOPER ENTITY LOW INCOME COMMUNITY JOB CREATION. IN New Market Opportunity Fund Inc C-Corporation 0 0 1 true false false false false false false false false false false false false false false false false false false false