2017-11-07T08:31:41-06:00 2016-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2016-01-01 351704590 King Park Development Corporation KING 3179248116 1704 Bellefontaine St Indianapolis IN 46202 Steven A Meyer Executive Director 3179248116 2017-08-31 1 Rex E Miller CPA CGMA P01081969 3177456411 2017-08-31 97.78.71.106 2017-08-31 13:47:11 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F99F15B0032ACA15F4DCABA2093334EF86591C40 2016 2017-02-10 21:41:12Z Steven A Meyer 1704 Bellefontaine St Indianapolis IN 46202 3483821 0 X www.kingpark.org X 1987 IN King Park Development Corporation (KPDC) is a non-profit community development corporation committed to improving housing, economic development, and quality of life in the City of Indianapolis. 11 11 5 100 0 0 3012898 2167599 178759 172074 2041 426130 -9004 400 3184694 2766203 26348 81475 0 0 261106 278706 0 0 0 2609669 1155866 2897123 1516047 287571 1250156 3085678 5424330 1867342 2955838 1218336 2468492 King Park Development Corporation (KPDC) is a non-profit community development corporation committed to improving housing, economic development, and quality of life in the City of Indianapolis. 0 0 1318146 81475 596346 King Park Development Corporation sold 10 houses to low-income buyers and provided homeowner coaching to 12 potential low-income home buyers. King Park provided property management services to 16 rental housing units devoted to low-income residents. King Park provided moderate to major health and safety repairs to the residences of 6 low-income homeowners. Through the Build Fund, King Park made 7 loans totaling $1,868,100 to businesses creating jobs in low-income census tracts. 1318146 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 24 0 1 5 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X Sandy Sumner 3172549211 3257 Shoreway court Indianapolis IN 46240 Chad Brandenburg Treasurer 1.00 X X 0 0 0 Trent Garrett President 1.00 X X 0 0 0 Mark Grant Secretary 1.00 X X 0 0 0 Tom Harton Vice President 1.00 X X 0 0 0 Henry Mestetsky Director 1.00 X 0 0 0 Jan Newton Director 1.00 X 0 0 0 Jan Diggins Director 1.00 X 0 0 0 Dolores Wisdom Director 1.00 X 0 0 0 Steven A Meyer Executive Director 40.00 X X 95713 0 11250 NATALIE LOTT DIRECTOR 1.00 X 0 0 0 Jenn Lisak DIRECTOR 1.00 X 0 0 0 Mark Becher DIRECTOR 1.00 X 0 0 0 95713 0 11250 0 0 0 0 7-3 development PO box 68136 indianapolis IN 46268 construction services 187849 community construction llc 711 willow pointe south dr plainfield IN 46168 construction services 129541 2 1511928 655671 2167599 Low income residential rental 531310 131692 131692 Fees for sale of homes & lots 531110 20001 20001 origination Fees 531390 18781 18781 FEES FOR SERVICE UNEC 531390 1600 1600 172074 2258 2258 1141490 717618 423872 423872 423872 IN KIND INCOME 900099 400 400 400 2766203 596346 0 2258 81475 81475 95713 57428 38285 153422 141880 11542 7565 6052 1513 22006 17605 4401 23169 23169 37650 37650 111314 89051 22263 500 500 42078 33663 8415 9256 2959 6297 53783 53783 33724 26979 6745 85176 68141 17035 PROPERTY DEVELOPMENT AN 658788 658788 Repairs and Maintenance 64390 51512 12878 Equipment Rental 4336 3469 867 LICENSES AND FEES 250 200 50 31452 25161 6291 1516047 1318146 197901 0 479168 1450423 183780 416997 588917 1612968 5044 11796 1112340 340888 750461 771452 1067692 1160694 10616 3085678 5424330 204190 348884 14275 1775 1404567 1700002 244310 905177 1867342 2955838 X 1218336 2371883 96609 1218336 2468492 3085678 5424330 1250156 0 X X 0 1 X 1 1 1 X 986065 1121534 611992 3012898 2167599 7900088 986065 1121534 611992 3012898 2167599 7900088 7900088 14 4 1953 4525 2258 8754 10031 872 277 400 11580 7920422 2005450 0.99740 0.99720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75000 75000 978747 331857 646890 12500 12500 46093 9031 37062 771452 Investments in Real Estate 1160694 C 1160694 Grant Obligations Payable 50000 Security Deposits 7560 refundable advances 600117 LINE OF CREDIT 247500 905177 X 2766203 0 2766203 0 2766203 1516047 0 1516047 0 1516047 Part X, Line 2: FIN 48 Footnote - Professional accounting standards require KPDC to recognize a tax liability only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax liability is recorded. KPDC has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. The tax years ending 2015, 2014, and 2013 are open to audit for both federal and state purposes. 1 Homebuyer assistance 9 81475 Part I, Line 2 Procedures for Monitoring the Use of Grant Funds - A homebuyer is eligible for down payment homebuyer assistance based on purchase guidelines at the time of purchase. This assistance is recorded on a federally approved HUD form to document proper use of the funds. To monitor the facade improvement grants, KPDC receives paid invoices for the construction work performed and confirmation from the property owner that the work has been completed according to plans. This information is also made availabe to the funding provider. The funding provider may also observe the construction activities and reserve the right to approve any professionals hired with grant funds. Part I, Line 1 Organization's Records to Substantiate Aid Amounts, Eligibility, and Selection Criteria - To be eligible for a down payment homebuyer assistance, the buyer must require additional funds in addition to mortgage amounts and be a less than 80% buyer. The aid amount equals the additional funds. The homebuyer's income is verified via pay stubs or other verification, bank account information, last two years of tax returns, and proof of social security number and residency. FORM 990, PART I, LINE 6 Volunteers serve in the capacity of board member service, committee service, and assistance with events. Form 990, Part VI, Section B, line 11b ORGANIZATION'S PROCESS TO REVIEW FORM 990 - A DRAFT OF THE FORM 990 IS PROVIDED ELECTRONICALLY OR BY MAIL TO ALL BOARD MEMBERS. IT IS THEN DISCUSSED AND APPROVED AT THE MONTHLY Board MEETING. Form 990, Part VI, Section B, line 12c Annually, the board members and related parties are required to discloseany possible conflicts of interest. The board members sign a conflict ofinterest document that states if there is a conflict that they will notparticipate in the actions involving decisions in which such conflictsoccur. Form 990, Part VI, Section B, line 15 The Board President performs the overall review for the Executive Director and the salary increase/decrease is recommended by the Board President to the overall Board of Directors based on comparing educational level, skill sets and pay scale to other Executive Directors in Indianapolis. All recommendations are discussed by the full board and increases are approved by the full board. The Executive Committee requests wage comparison data on related positions and performance outcomes by employee. Proposed wage increases are determined from the information provided. Form 990, Part VI, Section C, line 19 The governing documents are on file with the Indiana Secretary of State and are available to any individual who wishes to access them at that location. The financial statements are posted annually on Guidestar. In addition, documents are available for inspection at the King Park Development Corporation business office upon request. Form 990, Part XII, Line 2b The organization has a committee that assumes responsibility for oversight of the audit and selection of an independent accountant. The organization did not change its oversight process or selection process during the year. Build Fund LLC 2430 N Delaware Street Indianapolis IN 46205 474661821 Business loans IN 1048110 2779096 N/A