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Nonprofiteer
← NORTHEND PROPERTIES INC

Form 990 for tax year 2024

Filed by NORTHEND PROPERTIES INC.

Totals

Total revenue
$13,466,277
Total expenses
$4,121,041
Contributions and grants received
$0
Grants paid
$356,769
Program service revenue
$0
Investment income
$23
Other revenue
$13,466,254
Total assets, end of year
$10,635,000
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,635,000
Program services expenses (Part IX)
$4,120,905
Management and general expenses
$136
Fundraising expenses
$0
Program service expenses (Part III)
$4,120,905

Program services were 100.0% 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.

  • 3 · Investment income

    total $23 · excluded $23

  • 11a · Other revenue: CANCELLATION OF DEBT

    total $13,466,254 · related or exempt $13,466,254

  • 11e · Other revenue, total

    $13,466,254

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $356,769 · program services $356,769

  • 13 · Office expenses

    total $136 · management and general $136

  • 22 · Depreciation, depletion and amortization

    total $312,799 · program services $312,799

  • 24a · Other expenses: CANCELLATION OF LEASE

    total $3,451,337 · program services $3,451,337

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $299 · end of year $213

  • 2 · Savings and temporary cash investments

    beginning of year $26

  • 4 · Accounts receivable

    beginning of year $3,451,338

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

    $12,874,558

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

    $2,239,771

  • 10c · Land, buildings and equipment, net

    beginning of year $11,304,356 · end of year $10,634,787

  • 14 · Intangible assets

    beginning of year $299,246

  • 23 · Secured mortgages and notes payable

    beginning of year $13,765,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,289,765 · end of year $10,635,000

Mission and programs · 2024

Mission

THE CORPORATION IS A SUPPORTING ORGANIZATION OF FAITH CHURCH OF LAFAYETTE, INC; IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF FAITH CHURCH OF LAFAYETTE, INC., AND WILL DISTRIBUTE ANY INCOME IT RECEIVES, LESS ANY REQUIRED PAYMENTS FOR DEBT SERVICE, RESERVES, AND EXPENSES TO FAITH CHURCH OF LAFAYETTE, INC. THE CORPORATION ALSO COOPERATES WITH FAITH COMMUNITY DEVELOPMENT CORPORATION AND GOVERNMENTS TO REVITALIZE DISTRESSED NEIGHBORHOODS, ENCOURAGE GROWTH,ECONOMIC DEVELOPMENT, COMMUNITY DEVELOPMENT AND STABILITY IN THE GREATER LAFAYETTE, INDIANA AREA, AND TO STABILIZE AND ENHANCE AND SERVE LOW AND MODERATE-INCOME NEIGHBORHOODS THERE.

  • THE CORPORATION COOPERATES WITH FAITH COMMUNITY DEVELOPMENT CORPORATION AND GOVERNMENTS TO REVITALIZE DISTRESSED NEIGHBORHOODS, ENCOURAGE GROWTH, ECONOMIC DEVELOPMENT, COMMUNITY DEVELOPMENT AND STABILITY IN THE GREATER LAFAYETTE, INDIANA AREA, AND TO STABILIZE AND ENHANCE AND SERVE LOW AND MODERATE-INCOME NEIGHBORHOODS THERE.

    Expenses $4,120,905 · Grants $356,769

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

Listed in Part VII

  • Matt Westhuis

    CFO/VICE PRE

    Total calculated
    $160,154
    From this org
    $0
    From related orgs
    $124,457
    Other
    $35,697
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $124,457 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $10,630 related
    Nontaxable benefits
    not reported + $25,067 related
    Filer's total
    not reported + $160,154 related

  • Scott Grass

    SECRETARY/TR

    Total calculated
    $131,250
    From this org
    $0
    From related orgs
    $77,532
    Other
    $53,718
    Hours/week
    0.5 + 39.5 related

  • Alfonso Gomez

    DIRECTOR

    Total calculated
    $101,790
    From this org
    $0
    From related orgs
    $31,145
    Other
    $70,645
    Hours/week
    0.5 + 39.5 related

  • Ross Reeder

    PRESIDENT

    Total calculated
    $98,326
    From this org
    $0
    From related orgs
    $28,145
    Other
    $70,181
    Hours/week
    0.5 + 39.5 related

  • Debra Colwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
RELATED ORGANIZATION USES COMPENSATION COMMITTEE AND BOARD APPROVAL METHOD TO ESTABLISH COMPENSATION OF ORGANIZATION'S CEO/CFO/EXECUTIVE DIRECTOR.

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

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.

  • FAITH CHURCH OF LAFAYETTE

    501C3 · CHURCH · IN

  • FAITH PROPERTIES

    501C3 · HOLD ASSET · IN

    Directly controlled by FAITH CHUR

  • FAITH LEGACY PROPERTIES

    501C2 · HOLD ASSET · IN

    Directly controlled by FAITH CHUR

  • FAITH LEGACY FOUNDATION

    501C3 · HOLD ASSET · IN

    Directly controlled by FAITH CHUR

  • FAITH CHRISTIAN SCHOOL

    501C3 · SCHOOL · IN

    Directly controlled by FAITH CHUR

  • FAITH BIBLICAL COUNSELING MINISTRIE

    501C3 · COUNSELING · IN

    Directly controlled by FAITH CHUR

  • FAITH GLOBAL MINISTRIES

    501C3 · MISSIONARI · IN

    Directly controlled by FAITH CHUR

  • FAITH COMMUNITY MINISTRIES

    501C3 · COMMUNITY · IN

    Directly controlled by FAITH CHUR

  • FAITH BIBLE SEMINARY

    501C3 · SCHOOL · IN

    Directly controlled by FAITH CHUR

  • VISION OF HOPE

    501C3 · WOMEN'S FA · IN

    Directly controlled by FAITH CHUR

  • FAITH WEST PROPERTIES

    501C3 · PROPERTY · IN

    Directly controlled by FAITH CHUR

  • FAITH CHRISTIAN FELLOWSHIP

    501C3 · ACTIVITIES · IN

    Directly controlled by FAITH CHUR

  • FAITH COMMUNITY DEVELOPMENT CORPORA

    501C3 · REHABILITI · IN

    Directly controlled by FAITH CHUR

  • CARWORKS OF LAFAYETTE

    501C3 · OUTREACH · IN

    Directly controlled by FAITH CHUR

  • NORTHEND COMMUNITY CENTER

    501C3 · OUTREACH · IN

    Directly controlled by FATIH CHUR

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.0
Source object
202620479349301322

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