Form 990 for tax year 2024

Totals

Total revenue

$1,595,232

Total expenses

$1,410,676

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$1,595,232

Investment income

$0

Other revenue

$0

Total assets, end of year

$26,156,819

Total liabilities, end of year

$25,427,215

Net assets or fund balances, end of year

$729,604

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

— not reported

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.

Mission and programs · 2024

• INNOVATION HUB BUILDING HOLDING CORPORATION ("IHBHC") IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB) UNDER FEDERAL NEW MARKET TAX CREDIT (NMTC) PROVISIONS ENGAGED IN ACTIVE CONDUCT OF A QUALIFIED BUSINESS IN A LOW-INCOME COMMUNITY MEETING STANDARDS FOR GROSS INCOME, USE OF PROPERTY, AND SERVICES PERFORMED. IHBHC IS THE OWNER OF THE "HQO INNOVATION HUB", A BUILDING LOCATED IN THE 16 TECH INNOVATION DISTRICT ("16 TECH") AND CENTRAL TO THE INDIANAPOLIS ENTREPRENEURIAL AND INNOVATION ECOSYSTEM. HQO PROVIDES FLEXIBLE OFFICE SPACE, A MAKERSPACE AND FOOD HALL TO THE VIBRANT, GROWING COMMUNITY OF ENTREPRENEURS, CAPITAL PROVIDERS, MAKERS AND COMPANIES IN THE LIFE SCIENCES, ADVANCED MANUFACTURING AND TECHNOLOGY INDUSTRIES LOCATED IN 16 TECH. THIS BUILDING PREVIOUSLY HOUSED THE MAINTENANCE VEHICLES AND SERVICE EQUIPMENT FOR THE WATER UTILITIES OF CITIZEN'S ENERGY GROUP. TODAY, HQO SERVES AS A FRONT DOOR TO THE 16 TECH INNOVATION DISTRICT AND A LAUNCH PAD FOR TALENT, ENTREPRENEURSHIP, AND INNOVATION IN INDIANAPOLIS. THE MACHYNE MAKERSPACE AND ADJOINING COWORKING/OFFICE SPACE FUNCTION AS A COMMUNITY ENTREPRENEURSHIP CENTER, PROVIDING DISCOUNTED MEMBERSHIPS AND FREE TRAINING PROGRAMS AND CLASSES FOR COMMUNITY MEMBERS TO UTILIZE EQUIPMENT, WORK, MEETING AND EVENT SPACES, AS WELL AS ACCESS TO ENTREPRENEURIAL AND BUSINESS SUPPORT RESOURCES. THE AMP FOOD HALL & MARKETPLACE PROVIDES OPERATING SPACE FOR MORE THAN 20 RESTAURANTS/RETAILERS, 100% OF WHICH ARE INDEPENDENT AND LOCALLY OWNED BUSINESSES AND 50% NEW BUSINESS CONCEPTS. THE AMP ALSO HOSTS THE INDY WINTER'S FARMERS MARKET WELCOMING MORE THAN 20,000 MARKET GOERS OVER THE 20 WEEK SEASON FROM NOVEMBER AND APRIL AND PROVIDING ACCESS TO AFFORDABLE, FRESH LOCAL PRODUCE ON THE WESTSIDE OF INDIANAPOLIS, WHICH HAS BEEN IDENTIFIED AS A FOOD DESERT. IHBHC CONTINUES TO SUPPORT THE MISSION OF 16 TECH BY PROVIDING SPACES, RESOURCES AND PROGRAMMING THAT SUPPORT COMMUNITY ACCESS TO THE INNOVATION ECOSYSTEM.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

• 16 TECH COMMUNITY CORPORATION

  501(C)(3) · DEVELOPMENT OF A KNOWLEDGE COMMUNITY · IN

Provenance

Return type

form_990

Tax year

2024

Filed

7 November 2025

IRS schema version

2024v5.2

Source object

202533189349308828

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