Skip to content
Nonprofiteer
← NORTHSIDE INDUSTRIAL DEVELOPMENT COMPANY

Form 990 for tax year 2022

Filed by NORTHSIDE INDUSTRIAL DEVELOPMENT COMPANY.

Totals

Total revenue
$2,807,174
Total expenses
$3,145,934
Contributions and grants received
$1,689,499
Grants paid
$0
Program service revenue
$1,075,203
Investment income
$6,712
Other revenue
$35,760
Total assets, end of year
$3,388,935
Total liabilities, end of year
$486,521
Net assets or fund balances, end of year
$2,902,414
Program services expenses (Part IX)
$2,508,684
Management and general expenses
$610,219
Fundraising expenses
$27,031
Program service expenses (Part III)
$2,508,684

Program services were 79.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,689,499

  • 2a · Program service revenue: RENTAL INCOME

    total $565,600 · related or exempt $565,600

  • 2b · Program service revenue: GOVERNMENT GRANTS

    total $467,569 · related or exempt $467,569

  • 2c · Program service revenue: CONSULTING FEES

    total $26,500 · related or exempt $26,500

  • 2d · Program service revenue: SHARED OFFICE SERVICE

    total $15,534 · related or exempt $15,534

  • 3 · Investment income

    total $6,712 · excluded $6,712

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $33,105 · excluded $33,105

  • 11b · Other revenue: DEVELOPER FEE

    total $2,655 · excluded $2,655

  • 11e · Other revenue, total

    $35,760

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $111,258 · program services $38,729 · management and general $49,827 · fundraising $22,702

  • 7 · Other salaries and wages

    total $596,189 · program services $388,127 · management and general $208,062

  • 9 · Other employee benefits

    total $131,625 · program services $81,790 · management and general $47,114 · fundraising $2,721

  • 10 · Payroll taxes

    total $53,044 · program services $32,155 · management and general $19,281 · fundraising $1,608

  • 11c · Fees: accounting

    total $26,750 · management and general $26,750

  • 13 · Office expenses

    total $113,704 · program services $82,112 · management and general $31,592

  • 16 · Occupancy

    total $110,300 · program services $110,300

  • 20 · Interest

    total $10,763 · management and general $10,763

  • 22 · Depreciation, depletion and amortization

    total $246,701 · program services $227,359 · management and general $19,342

  • 23 · Insurance

    total $53,054 · program services $25,698 · management and general $27,356

  • 24a · Other expenses: CONSULTING EXPENSE

    total $1,191,873 · program services $1,148,063 · management and general $43,810

  • 24b · Other expenses: UTILITIES

    total $168,952 · program services $152,057 · management and general $16,895

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $152,943 · program services $125,443 · management and general $27,500

  • 24d · Other expenses: TELEPHONE

    total $81,224 · program services $73,102 · management and general $8,122

  • 24e · All other expenses

    total $97,554 · program services $23,749 · management and general $73,805

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,225 · end of year $440

  • 2 · Savings and temporary cash investments

    beginning of year $609,858 · end of year $576,263

  • 3 · Pledges and grants receivable

    beginning of year $1,112,698 · end of year $1,047,914

  • 4 · Accounts receivable

    beginning of year $83,268 · end of year $106,421

  • 7 · Other notes and loans receivable

    beginning of year $60,201 · end of year $63,854

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,664 · end of year $22,053

  • 10a · Land, buildings and equipment: cost or other basis

    $6,067,391

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,684,351

  • 10c · Land, buildings and equipment, net

    beginning of year $1,590,058 · end of year $1,383,040

  • 14 · Intangible assets

    beginning of year $13,000 · end of year $13,000

  • 15 · Other assets

    beginning of year $175,950 · end of year $175,950

  • 17 · Accounts payable and accrued expenses

    beginning of year $169,794 · end of year $282,396

  • 19 · Deferred revenue

    beginning of year $6,850 · end of year $7,055

  • 23 · Secured mortgages and notes payable

    beginning of year $116,106 · end of year $161,106

  • 24 · Unsecured notes and loans payable

    beginning of year $16,065 · end of year $0

  • 25 · Other liabilities

    beginning of year $58,636 · end of year $35,964

  • 27 · Net assets without donor restrictions

    beginning of year $1,775,722 · end of year $1,494,010

  • 28 · Net assets with donor restrictions

    beginning of year $1,532,749 · end of year $1,408,404

Mission and programs · 2022

Mission

WORKING TO CREATE A HEALTHY ENVIRONMENT FOR THE REGION'S ENTREPRENEURS AND SMALL BUSINESSES TO PROSPER BY PROVIDING INCUBATION SUPPORT, TRAINING, INNOVATIVE STRATEGIES AND BROWNFIELD DEVELOPMENT.

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO ENGAGE IN ACTIVITIES THAT CULTIVATE A HEALTHY ENVIRONMENT FOR THE REGION'S DIVERSE ENTREPRENEURS AND SMALL BUSINESSES TO PROSPER.

  • INCUBATOR SUPPORTINCUBATOR SUPPORT TO HELP STARTUP AND EARLY-STAGE BUSINESSES DEVELOP BY PROVIDING OFFICE SPACE, MANAGEMENT TRAINING, AND OTHER BUSINESS ASSISTANCE SERVICES.

    Expenses $747,680 · Revenue $581,134

  • BLACK ENVIRONMENTAL NETWORKBLACK ENVIRONMENTAL NETWORK IS A COALITION DESIGNED TO INVESTIGATE THE ENVIRONMENTAL ISSUES THAT EFFECT THE HEALTH OF BLACK INDIVIDUALS.

    Expenses $485,000

  • BROWNFIELD DEVELOPMENTTHE BROWNFIELD PROGRAM WORKS WITH MUNICIPALITIES, COMMUNITY GROUPS, PROPERTY OWNERS AND COMMUNITY LEADERS TO GAIN ACCESS TO BROWNFIELDS SITES AND PERFORM ASSESSMENTS SO THE SITES CAN BE REDEVELOPED INTO VALUABLE, USABLE LAND AND BUILDINGS.

    Expenses $443,304 · Revenue $442,079

  • COMPREHENSIVE ENTREPRENEURIAL TRAINING PROGRAMS WHICH TARGET DISADVANTAGED MINORITIES AND VETERANS, ASSESSMENT OF BROWNFIELD SITES IN ENTERPRISE ZONES, & OTHER MISCELLANEOUS INCOME.

    Expenses $832,700

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MERRILL STABILE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDA LEONHARDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN C TOWNSEND ESQUIRE

    2ND CHAIR (LEFT 2/29/23)

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER HARRIS

    1ST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PETE HANLON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL KNOOP

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT JAMES

    DIRECTOR (LEFT 2/29/23)

    Total calculated
    $0
    Hours/week
    1

  • SARAH SILVERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RHASLYN MCGHEE PHD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GEORGE ROBINSON II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • F CONNELLY THIEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUAN GARRETT

    EXECUTIVE DIRECTOR

    Total calculated
    $111,121
    From this org
    $100,000
    From related orgs
    $0
    Other
    $11,121
    Hours/week
    40

  • AMBER FARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT MOHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEE LEWIS

    DIRECTOR (AS OF 3/1/23)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441359349310934

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.