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Nonprofiteer
← SOUTH BEND HERITAGE FOUNDATION INC

Form 990 for tax year 2024

Filed by SOUTH BEND HERITAGE FOUNDATION INC.

Totals

Total revenue
$4,734,595
Total expenses
$4,809,531
Contributions and grants received
$1,660,548
Grants paid
$0
Program service revenue
$2,388,498
Investment income
$212,828
Other revenue
$472,721
Total assets, end of year
$23,238,600
Total liabilities, end of year
$9,753,780
Net assets or fund balances, end of year
$13,484,820
Program services expenses (Part IX)
$4,585,102
Management and general expenses
$224,429
Fundraising expenses
$0
Program service expenses (Part III)
$4,585,102

Program services were 95.3% 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)

    $1,468,253

  • 1f · All other contributions, gifts and grants

    $192,295

  • 2a · Program service revenue: RENTAL INCOME

    total $1,778,237 · related or exempt $1,778,237

  • 2b · Program service revenue: MANAGEMENT FEES

    total $610,261 · related or exempt $610,261

  • 3 · Investment income

    total $180,308 · excluded $180,308

  • 7a · Gross sales of assets other than inventory

    other assets $32,520

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

    other assets $0

  • 7c · Gain or loss

    other assets $32,520

  • 7d · Net gain or loss

    total $32,520 · related or exempt $32,520

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $415,002 · excluded $415,002

  • 11b · Other revenue: MISC. REVENUE

    total $57,719 · excluded $57,719

  • 11e · Other revenue, total

    $472,721

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,188,920 · program services $1,188,920

  • 9 · Other employee benefits

    total $114,063 · program services $114,063

  • 10 · Payroll taxes

    total $108,983 · program services $108,983

  • 11a · Fees: management

    total -$55,267 · management and general -$55,267

  • 11b · Fees: legal

    total $1,575 · management and general $1,575

  • 11g · Fees: other

    total $167,609 · program services $27,399 · management and general $140,210

  • 12 · Advertising and promotion

    total $16,204 · program services $16,204

  • 13 · Office expenses

    total $160,974 · program services $110,817 · management and general $50,157

  • 16 · Occupancy

    total $1,388,778 · program services $1,388,778

  • 17 · Travel

    total $4,286 · program services $2,677 · management and general $1,609

  • 19 · Conferences, conventions and meetings

    total $42,464 · program services $42,464

  • 20 · Interest

    total $294,361 · program services $294,361

  • 22 · Depreciation, depletion and amortization

    total $989,321 · program services $989,321

  • 23 · Insurance

    total $288,353 · program services $288,353

  • 24a · Other expenses: ADMINISTRATIVE EXPENSE

    total $86,145 · management and general $86,145

  • 24b · Other expenses: BAD DEBTS

    total $6,574 · program services $6,574

  • 24c · Other expenses: SECURITY

    total $6,188 · program services $6,188

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,341,598 · end of year $2,089,838

  • 2 · Savings and temporary cash investments

    beginning of year $259,676 · end of year $491,615

  • 4 · Accounts receivable

    beginning of year $80,352 · end of year $1,069,015

  • 7 · Other notes and loans receivable

    beginning of year $3,913,713 · end of year $3,974,853

  • 9 · Prepaid expenses and deferred charges

    beginning of year $317,525 · end of year $19,763

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

    $34,517,544

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

    $19,488,950

  • 10c · Land, buildings and equipment, net

    beginning of year $15,674,691 · end of year $15,028,594

  • 13 · Investments: program-related

    beginning of year $437,353 · end of year $270,483

  • 14 · Intangible assets

    beginning of year $85,062 · end of year $62,301

  • 15 · Other assets

    beginning of year $386,598 · end of year $232,138

  • 17 · Accounts payable and accrued expenses

    beginning of year $416,311 · end of year $909,050

  • 19 · Deferred revenue

    beginning of year $68,228 · end of year $36,228

  • 23 · Secured mortgages and notes payable

    beginning of year $9,418,234 · end of year $8,773,267

  • 25 · Other liabilities

    beginning of year $37,547 · end of year $35,235

  • 27 · Net assets without donor restrictions

    beginning of year $13,299,844 · end of year $13,374,906

  • 28 · Net assets with donor restrictions

    beginning of year $256,404 · end of year $109,914

Mission and programs · 2024

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 COMMUNITY DEVELOPMENT. AS SUCH, ATTENTION IS GIVEN TO ALL ASPECTS/NEEDS IN AN AREA TO FURTHER THIS GOAL. THE ACTIVITITES INITIATE, SUPPORT AND/OR ENCOURAGE URBAN RESIDENTIAL ANC COMMERCIAL REVITALIZATION THROUGH AWARENESS OF AND ATTENTION TO COMMUNITY CHALLENGES. BECAUSE OF THE INTERRELATIONSHIP OF THESE ACTIVIIES, THEY ARE TREATED AS A UNIT FOR BOOKKEEPING PURPOSES. THESE ACTIVITIES INCLUDE BUY/RHEAB/SALE OF PROBLEM PROPERTIES, NEW CONSTRUCTION REHABILITATION AND FINANCIAL ASSISTANCE, EDUCATIONAL PROGRAMS, PROVIDING AFFORDABLE HOUSING, COMMUNITY ORGANIZING AND OTHER COMMUNITY OUTREACH INITIATIES. RESIDENTIAL AND COMMERCIAL FOCUS IS PROVIDED ON A CITY-WIDE BASIS.

    Expenses $4,585,102 · Revenue $2,421,018

As filed on the 2024 return.

Listed in Part VII

  • 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

  • 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

  • MARCO MARIANI

    EXECUTIVE DIRECTOR

    Total calculated
    $104,622
    From this org
    $104,622
    From related orgs
    $0
    Other
    $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 $130,633 · assets $3,994,926

  • ROBERTSON'S BUILDING LLC

    LOW INCOME HOUSING · IN · income -$249,791 · assets $1,271,843

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 -$11 · share of assets $689,622 · 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 -$26 · share of assets $173,173 · 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 -$24 · share of assets $128,900 · 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 -$6 · share of assets $124,731 · general or managing partner

    Directly controlled by SBHF MH GP LLC

  • SB THRIVE LLC

    RELATED · LOW INCOME HOUSING · IN · 0.01% owned · general or managing partner

    Directly controlled by SB THRIVE 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 -$24 · share of assets $173,173

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

  • HISTORIC RUSHTON GP INC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$11 · share of assets $689,622

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

  • SOUTH BEND PERMANENT SUPPORTIVE HOUSING LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$26 · share of assets $173,173

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

  • SOUTH BEND MUTUAL HOMES COOPERATIVE INC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$9 · share of assets $57,859

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

  • SB THRIVE GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

  • SBHF MH GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$6 · share of assets $124,731

    Directly controlled by SOUTH BEND HERITAGE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202533179349303528

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