2024-11-08T14:47:22-07:00 2023-12-31 880331156 Craig S Ruby CPA 1720 Duarte Dr Henderson NV 89014 990 2023-01-01 270982122 CARMEL CITY CENTER COMMUNITY DEVELOPMENT CORPORATION CARM 3178444605 3850 Priority Way South Drive 225 Indianapolis IN 46240 Ronald E Carter President 2024-10-31 1 1 Craig Ruby P01384536 7254005727 2024-10-29 2023 2024-10-15 13:58:12Z Ronald E Carter 12715 Stanwich Place Carmel IN 46240 777750 0 X X 2009 IN Carmel City Center Community Development Corporation is operated exclusively to benefit, perform and carry out the charitable, educational, and recreational purposes of the City of Carmel, Indiana, as requested by the City. 3 3 0 0 0 0 0 0 0 0 450 334 -1466484 165639 -1466034 165973 48000 48000 0 0 0 0 0 0 0 284638 571723 332638 619723 -1798672 -453750 16327739 15757196 14873060 14277346 1454679 1479850 Carmel City Center Community Development Corporation is operated exclusively to benefit, perform, and carry out the charitable, educational and recreational purposes of the City of Carmel, Indiana, as requested by the City. 0 0 48000 48000 0 Provide grants to area arts organizations to further the arts in local community. 0 0 0 None 0 0 0 None 0 0 0 48000 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 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 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IN X CL Coonrod and Company CPA PC 3178444605 3850 Priority Way South Drive 225 Indianapolis IN 46240 Ron Carter President 3.00 0 X 0 0 0 Deborah Schmitz Board Member 1 0 X 0 0 0 Darin Bibeau Board Member 1 0 X 0 0 0 0 0 0 0 0 0 0 Old Town on the Monon 111 West Main Street Carmel IN 46032 Lessor in sub-lease 118108 1 0 0 334 334 0 0 0 0 0 0 0 0 0 0 777416 0 611777 0 165639 0 165639 165639 0 0 0 0 0 165973 165973 0 0 48000 48000 16822 16822 26990 26990 30679 30679 252249 252249 237600 237600 Banking Fees 910 0 910 0 Bad Debts 6473 0 6473 0 619723 48000 571723 0 X 390064 66294 321 1893 8438900 8039082 12904 12365 7626400 237600 7152700 7388800 332850 248762 16327739 15757196 332850 248762 8446850 8039082 6000000 5896141 93360 93361 14873060 14277346 X 1454679 1479850 0 0 1454679 1479850 16327739 15757196 X -453750 0 0 0 5221 473700 X 0 1 X 1 0 260400 0 260400 7366000 0 237600 7128400 0 0 0 0 0 0 0 0 0 0 0 0 7388800 Security Deposit 93361 93361 777750 0 0 0 0 0 777750 0 -611777 -611777 165973 987428 0 0 0 611778 611778 375650 0 244073 244073 619723 Schedule D, Part XI, Line 4b Rental expenses that have been netted with rental income on the 990 information return and shown as expenses on the Audited Financial Statements. (See Part VIII Line 6b) Schedule D, Part XII, Line 2d Rental expense on the Audited Financial Statements that have been netted with Rental income on the 990 information return, including rounding of $1. (See Part VIII Line 6b) Schedule D, Part XII, Line 4b Depreciation expense not recognized in the Audited Financial Statements as reported in the 4CDC Operating Fund. Write off uncollectable rent recorded after the published Audited Financial Statements. 1 Indiana Artisan & Golars Real Estate 8 West Main Street Carmel IN 46032 113717497 48000 Rent subsidies 0 0 Schedule I, Part I, Line 2 The organizations role regarding grants is restricted to approving the funds for disbursement. Form 990, Part VI, Section B, Line 11b This form was submitted for review to all board members before filing. Form 990, Part VI, Section B, Line 12c Compliance with written conflict of interest policies is by the oversight practices of the City of Carmel, Indiana. Form 990, Part VI, Section B, Line 15 Staff Support for Carmel City Center Community Development Corporation (4CDC) is provided by the City of Carmel, Indiana. Accordingly, 4CDC operates under the City of Carmel's policies regarding compensation decisions. Form 990, Part VI, Section C, Line 19 These documents are made available to the public upon request. Form 990, Part X, Line 10b Current depreciation and the related accumulated depreciation represents the decrease in the real properties market value for the year 2023, based on the market value determined by the Hamilton County Assessor's office, and is assumed to consist entirely of depreciation. Form 990, Part X, Line 10c Form 990, Part X Line 10c and Schedule D Part VI consist of a certain office building, valued at is market value of $7,388,800, as of 12-31-2023, based on the market value determined by the Hamilton County Assessor's office. The historical cost that is shown on the City of Carmel's property ledgers, net of $1,200,000 of straight-line depreciation, is $5,800.000. Form 990, Part XI, Line 9 Adjustment of real property to the market value of $7,626,400, as of 01-01-2023, based on the market value determined by the Hamilton County Assessor's office. Carmel City Center Community Development Corporation filed Form 8868 in March 2024, extending their due date to November 15, 2024 for submission of their 2023 Federal Tax Return.