2025-08-28T13:42:43-05:00 2024-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2024-01-01 351643969 WESTSIDE COMMUNITY DEVELOPMENT CORPORATION WEST 3177599088 2226 W MICHIGAN STREET INDIANAPOLIS IN 462223865 BEVERLY MUKES-GAITHER CHIEF EXECUTIVE OFFICE 3177599088 2025-08-28 1 0 ABIGAIL HEDGES CPA P02058156 3177456411 2025-08-28 2024 2025-03-06 01:10:19Z BEVERLY MUKES-GAITHER 2226 W MICHIGAN STREET INDIANAPOLIS IN 462223865 1796645 0 X WWW.WCDCINDY.NGO X 1985 IN ENTITY OPERATES HOUSING DEVELOPMENT PROGRAMS FOR LOW-INCOME INDIVIDUALS AND ECONOMIC DEVELOPMENT PROGRAMS FOR A SPECIFIED AREA WITHIN THE CITY OF INDIANAPOLIS, INDIANA. 13 13 2 13 0 0 780817 1343793 4800 220756 971634 231979 579 117 1757830 1796645 411180 5000 0 0 114567 115983 0 0 0 193644 217074 719391 338057 1038439 1458588 6236208 8478052 1037266 1820522 5198942 6657530 ENTITY OPERATES HOUSING DEVELOPMENT PROGRAMS FOR LOW-INCOME INDIVIDUALS AND ECONOMIC DEVELOPMENT PROGRAMS FOR A SPECIFIED AREA WITHIN THE CITY OF INDIANAPOLIS, INDIANA. 0 0 81654 5000 220873 AFFORDABLE HOMEOWNERSHIP - PLANNED THE CREATION OF 8-UNITS OF HOMEOWNERSHIP IN PARTNERSHIP WITH 4-MBE EMERGING DEVELOPERS FOR 2025. 2 UNITS WERE SUBSTANTIALLY COMPLETED AT YEAR END 2024.- AWARDED A $1,000,000 GRANT FROM THE NATIONAL URBAN LEAGUE-IAAQLI TO CREATE 17-UNITS OF AFFORDABLE HOMEOWNERSHIP UNITS FOR BUYERS WITH INCOME UP TO 120% AMI BY 2025.- AWARDED FUNDING IN THE PREMIERE CITY FUNDED PROGRAM VIA ARPA, VACANT TO VIBRANT, CONVERTING 4-SMALL VACANT LOTS TO 2-UNITS OF HOUSING FOR BUYERS UP TO 80% AMI.- AWARDED INDI FUNDING FROM INHP TO ASSIST WITH THE 2024 BUILD. 81654 1 1 0 0 0 0 0 0 0 0 1 0 1 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 0 0 0 0 0 1 9 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X BOOKKEEPING PLUS 3174622049 232 E MCCLARNON DRIVE GREENFIELD IN 46140 BEVERLY MUKES-GAITHER CHIEF EXECUTIVE OFFICER 40.00 X 90000 0 0 OLGEN WILLIAMS PRESIDENT 3.00 X X 0 0 0 CINDY TOW SECRETARY 1.00 X X 0 0 0 TEHEA HARDING TREASURER 1.00 X X 0 0 0 JOANNE CLASSICK DIRECTOR 1.00 X 0 0 0 CRAIG LEEKE DIRECTOR 1.00 X 0 0 0 A MONTGOMERY DIRECTOR 1.00 X 0 0 0 CARLENA MOSES DIRECTOR 1.00 X 0 0 0 DARRELL NICKOLSON DIRECTOR 1.00 X 0 0 0 MICHELLE PERRY DIRECTOR 1.00 X 0 0 0 DANIEL PINO DIRECTOR 1.00 X 0 0 0 PAUL RAGAN DIRECTOR 1.00 X 0 0 0 MICHAEL ROTH DIRECTOR 1.00 X 0 0 0 CARLI STEVENSON DIRECTOR 1.00 X 0 0 0 90000 0 0 0 0 0 0 0 1000000 343793 1343793 DEVELOPMENT FEES 900099 218756 218756 RENTAL INCOME 532000 2000 2000 220756 231979 231979 MISCELLANEOUS 900099 117 117 117 1796645 220873 0 231979 X 5000 5000 90000 45000 45000 17393 8696 8697 8590 4295 4295 409 409 51100 51100 44794 44794 1652 1652 10950 10950 708 708 31339 2029 29310 1370 1370 21487 21487 16785 16785 16871 16871 CONSTRUCTION EXPENSES 13297 13297 OUTREACH/COLLABORATIONS 3337 3337 BAD DEBT EXPENSE 2975 2975 338057 81654 256403 0 1095619 1594994 68924 2125 0 9413 9745 603920 105093 23302 498827 613899 637871 4491850 5667691 6236208 8478052 16969 9780 503169 972127 512232 833719 4896 4896 1037266 1820522 X 5198942 6657530 5198942 6657530 6236208 8478052 1458588 0 X X 0 1 X 1 1 1 X 639356 560352 208387 780817 1343793 3532705 639356 560352 208387 780817 1343793 3532705 3532705 405 155180 163962 115585 231979 667111 79261 8073 64255 579 117 152285 4352101 225556 0.81170 0.80700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2000 2000 598114 103772 494342 3806 1321 2485 498827 INVESTMENT PROPERTIES 637871 C 637871 ACCRUED INTEREST - NOTES RECEIVABLE 523594 HOME NOTE RECEIVABLE 416202 SELLER NOTE RECEIVABLE 1120000 SELLER AND REHAB NOTE 2657895 NOTE RECEIVABLE - ARPA FUNDS 950000 5667691 SECURITY DEPOSITS 400 FISCAL AGENT FUNDS 4496 4896 X PART X, LINE 2: WCDC IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. WCDC IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES REQUIRE WCDC TO EXAMINE ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. WCDC IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT 12 MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. WCDC'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN ITS STATEMENTS OF ACTIVITIES AS A COMPONENT OF OPERATING EXPENSES, WHICH TOTAL $0 FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. WCDC'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE. FORM 990, PART VI, SECTION B, LINE 11B WESTSIDE COMMUNITY DEVELOPMENT CORPORATION'S FORM 990 AND ALL RELATED SCHEDULES, STATEMENTS AND ATTACHMENTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND AN APPROPRIATE REPRESENTATIVE(S) FROM THE BOARD OF DIRECTOR'S EXECUTIVE COMMITTEE PRIOR TO FINALIZING AND FILING THESE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C WESTSIDE COMMUNITY DEVELOPMENT CORPORATION'S BOARD OF DIRECTORS APPROVES OF ALL SERVICE-PROVIDERS WITH WHICH A BOARD MEMBER OR EMPLOYEE MAY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WESTSIDE COMMUNITY DEVELOPMENT CORPORATION'S BOARD OF DIRECTORS DETERMINES AND SETS ALL STAFFING COMPENSATION RATES AFTER A THOROUGH REVIEW OF ALL RELATED ISSUES, CONSULTATION WITH INDEPENDENT PERSONS, REVIEW OF COMPARABLE DATA AND DELIBERATION. FORM 990, PART VI, SECTION C, LINE 19 WESTSIDE COMMUNITY 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 EXECUTIVE DIRECTOR AND RECEIVED AT OUR CORPORATE OFFICE ADDRESS. FORM 990, PART IX, LINE 11G CONSULTANT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 44,794. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,794. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.