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Nonprofiteer
← SOUTH BEND HERITAGE FOUNDATION INC

Form 990 for tax year 2022

Filed by SOUTH BEND HERITAGE FOUNDATION INC.

Totals

Total revenue
$6,242,150
Total expenses
$4,650,840
Contributions and grants received
$3,271,138
Grants paid
$0
Program service revenue
$2,575,744
Investment income
-$112,051
Other revenue
$507,319
Total assets, end of year
$23,586,794
Total liabilities, end of year
$10,582,507
Net assets or fund balances, end of year
$13,004,287
Program services expenses (Part IX)
$4,482,728
Management and general expenses
$168,112
Fundraising expenses
$0
Program service expenses (Part III)
$4,482,728

Program services were 96.4% 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.

  • 1e · Government grants (contributions)

    $2,664,107

  • 1f · All other contributions, gifts and grants

    $607,031

  • 2a · Program service revenue: RENTAL INCOME

    total $2,157,671 · related or exempt $2,157,671

  • 2b · Program service revenue: MANAGEMENT FEES

    total $418,073 · related or exempt $418,073

  • 3 · Investment income

    total $7,905 · excluded $7,905

  • 7b · Less cost or other basis and sales expenses

    other assets $119,956

  • 7c · Gain or loss

    other assets -$119,956

  • 7d · Net gain or loss

    total -$119,956 · related or exempt -$119,956

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $415,002 · excluded $415,002

  • 11b · Other revenue: MISC. REVENUE

    total $92,317 · excluded $92,317

  • 11e · Other revenue, total

    $507,319

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $837,576 · program services $837,576

  • 8 · Pension plan contributions

    total $1,489 · program services $1,489

  • 9 · Other employee benefits

    total $66,404 · program services $66,404

  • 10 · Payroll taxes

    total $96,235 · program services $96,235

  • 11a · Fees: management

    total $5,600 · management and general $5,600

  • 11g · Fees: other

    total $61,104 · program services $23,888 · management and general $37,216

  • 12 · Advertising and promotion

    total $453 · program services $453

  • 13 · Office expenses

    total $124,147 · program services $75,639 · management and general $48,508

  • 16 · Occupancy

    total $1,327,151 · program services $1,327,151

  • 17 · Travel

    total $4,115 · program services $3,083 · management and general $1,032

  • 19 · Conferences, conventions and meetings

    total $17,101 · program services $17,101

  • 20 · Interest

    total $287,923 · program services $287,923

  • 22 · Depreciation, depletion and amortization

    total $1,055,701 · program services $1,055,701

  • 23 · Insurance

    total $332,778 · program services $332,778

  • 24a · Other expenses: BAD DEBTS

    total $219,039 · program services $219,039

  • 24b · Other expenses: LOSS ON INVESTMENTS IN

    total $131,903 · program services $131,903

  • 24c · Other expenses: ADMINISTRATIVE EXPENSE

    total $75,756 · management and general $75,756

  • 24d · Other expenses: GALLERY EXPENSE

    total $5,272 · program services $5,272

  • 24e · All other expenses

    total $1,093 · program services $1,093

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,202,712 · end of year $1,960,154

  • 2 · Savings and temporary cash investments

    beginning of year $420,511 · end of year $310,384

  • 4 · Accounts receivable

    beginning of year $200,873 · end of year $318,328

  • 7 · Other notes and loans receivable

    beginning of year $3,527,826 · end of year $3,468,485

  • 9 · Prepaid expenses and deferred charges

    beginning of year $278,464 · end of year $302,634

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

    $33,227,797

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

    $17,197,448

  • 10c · Land, buildings and equipment, net

    beginning of year $14,994,082 · end of year $16,030,349

  • 13 · Investments: program-related

    beginning of year $1,118,598 · end of year $402,379

  • 14 · Intangible assets

    beginning of year $118,252 · end of year $168,880

  • 15 · Other assets

    beginning of year $494,493 · end of year $625,201

  • 17 · Accounts payable and accrued expenses

    beginning of year $409,131 · end of year $146,795

  • 19 · Deferred revenue

    beginning of year $62,359 · end of year $63,780

  • 23 · Secured mortgages and notes payable

    beginning of year $8,360,472 · end of year $8,273,685

  • 24 · Unsecured notes and loans payable

    beginning of year $2,943,308 · end of year $2,061,236

  • 25 · Other liabilities

    beginning of year $148,279 · end of year $37,011

  • 27 · Net assets without donor restrictions

    beginning of year $11,087,856 · end of year $12,160,183

  • 28 · Net assets with donor restrictions

    beginning of year $344,406 · end of year $844,104

Mission and programs · 2022

Mission

TO ENHANCE THE BEAUTY AND VALUE OF URBAN NEIGHBORHOODS AND EMPOWER RESIDENTS, THROUGH COLLABORATION, PHYSICAL TRANSFORMATION, ADVOCACY AND EDUCATION.

  • THE OVERLYING GOAL OF THE ORGANIZATION IS INNER CITY STABILIZATION. AS SUCH, ATTENTION IS GIVEN TO ALL ASPECTS/NEEDS IN AN AREA TO FURTHER THIS GOAL. THE ACTIVITIES INITIATE, SUPPORT AND/OR ENCOURAGE URBAN RESIDENTIAL AND COMMERCIAL REVITALIZATION THROUGH AWARENESS OF AND ATTENTION TO THE PHYSICAL CLIMATE. BECAUSE OF THE INTERRELATIONSHIP OF THESE ACTIVITIES, THEY ARE TREATED AS A UNIT FOR BOOKKEEPING PURPOSES. THESE ACTIVITIES INCLUDE SEVERAL TYPES OF REVOLVING LOANS, BUY/REHAB/SALE OF ABANDONED PROPERTIES, NEW CONSTRUCTION, REHABILITATION AND FINANCIAL COUNSELING, EDUCATIONAL PROGRAMS, HOUSE MOVES, PROVIDING AFFORDABLE HOUSING, COMMUNITY ORGANIZING AND DEVELOPING A COMMUNITY CULTURAL AND SOCIAL SERVICE CENTER. RESIDENTIAL AND COMMERCIAL FOCUS IS GIVEN TO TWO SPECIFIC INTER-CITY NEIGHBORHOODS IN SOUTH BEND.

    Expenses $4,482,728 · Revenue $2,455,788

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

Listed in Part VII

  • MARCO MARIANI

    EXECUTIVE DIRECTOR

    Total calculated
    $95,000
    From this org
    $95,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JONATHAN WINGFIELD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • KARL EDMONSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • TIM MEHALL

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW J GRAY

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DEBRA M STANLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MARGUERITE A TAYLOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SOLOMON L ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LYNN COLEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARGO DEMONT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • REBECCA BONHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PASTOR CANNETH LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JO ANN G MACKENZIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TOY VILLA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEBRA WALKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANDRE WADDELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM A WELSHEIMER JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARCIA JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHARLES F LEHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BAYE SLYVESTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHANON BUARI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SOUTH BEND HERITAGE PROPERTIES LLC

    LOW INCOME HOUSING · IN · income $1,018,148 · assets $4,517,038

  • ROBERTSON'S BUILDING LLC

    LOW INCOME HOUSING · IN · income $717,927 · assets $1,793,983

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HISTORIC RUSHTON LP

    RELATED · LOW INCOME HOUSING · IN · 0.01% owned · share of income $158,375 · share of assets $2,727,047 · general or managing partner

    Directly controlled by HISTORIC RUSHTON GP INC

  • SOUTH BEND PERMANENT SUPPORTIVE HOUSING LP

    RELATED · LOW INCOME HOUSING · IN · 0.01% owned · share of income $280,054 · share of assets $4,530,506 · general or managing partner

    Directly controlled by SB PERMANENT SUPPORTIVE HOUSING LLC

  • NEW HERITAGE HOMES SOUTHEAST LP

    RELATED · LOW INCOME HOUSING · IN · 0.01% owned · share of income $377,815 · share of assets $4,001,203 · general or managing partner

    Directly controlled by NEW HERITAGE HOMES SOUTHEAST CORP

  • SOUTH BEND MUTUAL HOMES LP

    RELATED · LOW INCOME HOUSING · IN · 0% owned · share of income $4,861,263 · share of assets $18,129,204 · general or managing partner

    Directly controlled by SBHF MH GP LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NEW HERITAGE HOMES SE CORP

    C · LOW INCOME HOUSING · IN · 100% owned · share of income $377,815 · share of assets $4,001,203

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

  • HISTORIC RUSHTON GP INC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income $158,375 · share of assets $2,727,047

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

  • SOUTH BEND PERMANENT SUPPORTIVE HOUSING LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income $280,054 · share of assets $4,530,506

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

  • SOUTH BEND MUTUAL HOMES COOPERATIVE INC

    C · LOW INCOME HOUSING · IN · 5.94% owned · share of income $4,861,263 · share of assets $18,129,204

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202333169349300018

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