2016-11-03T07:29:06-05:00 2015-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2015-01-01 351704590 King Park Development Corporation KING 3179248116 1704 Bellefontaine St Indianapolis IN 46202 Steven A Meyer Executive Director 3179248116 2016-10-28 1 Rex E Miller CPA CGMA P01081969 3177456411 2016-10-28 2015 2017-02-10 21:41:12Z Steven A Meyer 1704 Bellefontaine St Indianapolis IN 46202 3364459 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. 10 10 5 100 0 0 611992 3012898 182822 178759 136886 2041 -145659 -9004 786041 3184694 47733 26348 0 0 226771 261106 0 0 0 508902 2609669 783406 2897123 2635 287571 2307285 3085678 1376520 1867342 930765 1218336 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 2744021 26348 176552 King Park Development provided moderate to major health and safety repairs to the residences of 9 low-income homeowners, assisted 1 homeowner with down payment assistance, sold 1 house to a low-income buyer, and provided homeowner coaching to 7 potential low income homebuyers. King Park provided property management services to 28 rental housing units devoted to low-income residents. Through the Build Fund, King Park provided $585,000 in small business loans to 3 companies located in low-income census tracts to support job creation. 2744021 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 25 0 1 5 1 0 0 0 0 0 0 0 0 X 10 10 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 3179248116 2430 N Delaware St Indianapolis IN 46205 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 Nicole Fields 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 86208 0 8890 NATALIE LOTT DIRECTOR 1.00 X 0 0 0 86208 0 8890 0 0 0 0 community construction llc 711 willow pointe south dr plainfield IN 46168 construction services 783876 iwm consulting group 7428 rockville rd indianapolis IN 46214 construction services 331452 mccarty bros gc 5540 rinehart indianapolis IN 46241 construction services 234386 reynolds construction 3820 n county road 575 east brownsburg IN 46112 construction services 189564 7-3 development PO box 68136 indianapolis IN 46268 construction services 180229 5 17681 2774642 220575 3012898 Low income residential 531310 134636 134636 Fees for sale of homes 531110 31990 31990 Fees for Service Train 531390 7000 7000 origination Fees 531390 5060 5060 Property management fe 531390 73 73 178759 4525 4525 168000 170484 -2484 -2484 -2484 0 17681 9281 -9281 -9281 Miscellaneous 900099 277 277 277 3184694 176552 0 -4756 1348 1348 25000 25000 86208 51725 34483 174898 157160 17738 37287 29830 7457 18446 18446 26420 26420 30272 24217 6055 46 46 12836 10268 2568 2801 9385 -6584 42298 42298 41156 32925 8231 82484 65987 16497 Homeowner Development 1945043 1945043 Impairment loss on real 271134 271134 Repairs and Maintenance 57120 45696 11424 Equipment Rental 6752 5402 1350 35574 26603 8971 2897123 2744021 153102 0 195041 479168 203267 183780 101383 588917 6663 5044 1082410 331949 571275 750461 1223656 1067692 10616 6000 0 2307285 3085678 76824 204190 10000 14275 1228711 1404567 60985 244310 1376520 1867342 X 923857 1218336 6908 0 930765 1218336 2307285 3085678 287571 0 X X 0 1 X 1 1 1 X 1996002 986065 1121534 611992 3012898 7728491 1996002 986065 1121534 611992 3012898 7728491 7728491 39 14 4 1953 4525 6535 4012 10031 872 277 15192 7750218 2005450 0.99720 0.87880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1055610 309793 745817 26800 22156 4644 750461 Investments in Real Estate 1067692 C 1067692 Grant Obligations Payable 50000 Security Deposits 10310 refundable advances 184000 244310 X 3193975 9281 9281 3184694 0 3184694 2906404 9281 9281 2897123 0 2897123 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 2014, 2013, and 2012 are open to audit for both federal and state purposes. Part XI, Line 2d - Other Adjustments: Fundraising expenses offset against revenue 9,281. Part XII, Line 2d - Other Adjustments: Fundraising expenses offset against revenue 9,281. Part XII, Line 4b - Other Adjustments: Fundraising expenses offset against revenue 9281 9281 9281 -9281 1 Homebuyer assistance 1 25000 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 11 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. king park management llc 2430 N delaware street indianapolis IN 46205 800377795 management services IN 73 N/A