2013-11-14T11:11:44-06:00 2012-12-31 381357951 PLANTE & MORAN PLLC 511 RENAISSANCE DR SUITE 120 ST JOSEPH MI 49085 990 2012-01-01 383367429 RENAISSANCE DEVELOPMENT FUND RENA 2699256100 38 W WALL STREET BENTON HARBOR MI 49022 RON GRIESINGER 2699256100 2013-11-08 1 KENLEY PENNER CPA P00740260 2699828000 2012 2016-02-25 16:41:14Z RON GRIESINGER 38 W WALL STREET BENTON HARBOR MI 49022 12786849 0 X CSTONEALLIANCE.ORG X 1997 MI THE RENAISSANCE DEVELOPMENT FUND IS ENGAGED IN THE DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH FOR THE CITIES OF BENTON HARBOR AND ST. JOSEPH AND THE TOWNSHIPS OF BENTON, LINCOLN AND ROYALTON. 6 5 0 0 -12994 -12994 10625000 10079314 1958123 2660273 5553 3088 76430 44174 12665106 12786849 0 0 0 0 0 0 0 0 0 6414365 6885113 6414365 6885113 6250741 5901736 74327213 85877954 77928052 88243868 -3600839 -2365914 THE ORGANIZATION, PARTNERING WITH CORNERSTONE ALLIANCE, ENGAGES IN THE DEVELOPMENT OF ECONOMIC GROWTH FOR THE CITIES OF BENTON HARBOR AND ST. JOSEPH AND THE TOWNSHIPS OF BENTON, LINCOLN AND ROYALTON. 0 0 75111 26645 VARIOUS BUSINESS AND HOUSING DEVELOPMENT ACTIVITIES 5163413 2633628 CONSTRUCTION AND OPERATION OF A GOLF COURSE TO SERVE AS A CATALYST FOR ECONOMIC DEVELOPMENT. 5238524 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 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 1 1 1 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 MI X RONALD GRIESINGER 2699256100 38 W WALL STREET BENTON HARBOR MI 49022 GREG VAUGHN 35.00 40.00 X X 0 103240 9968 JIM TOMCZYK 1.00 0.00 X X 0 0 0 BILL HANLEY 1.00 0.00 X 0 0 0 KEN ANKLI 1.00 0.00 X 0 0 0 ALAN BERRY 1.00 0.00 X 0 0 0 DAVID BLY 1.00 0.00 X 0 0 0 WENDY DANT CHESSER 5.00 40.00 X X 0 141066 9968 PAMELA KLYNN 1.00 0.00 X 0 0 0 RON GRIESINGER 10.00 40.00 X 0 92109 15459 0 336415 35395 0 0 1 0 SHELTON CONSTRUCTION COMPANY 1440 EAST EMPIRE AVENUE BENTON HARBOR MI 49022 CONSTRUCTION SERVICES 1036526 ADP 620 W COVINA BLVD SAN DIMAS CA 91773 PAYROLL SERVICES 899562 KEMPER SPORTS 500 SKOKIE BLVD SUITE 444 NORTH BROOK IL 60062 MANAGEMENT SERVICES 321816 JOHN DEERE LANDSCAPE 3218 SUGAR MAPLE BUSINESS CT SOUTH BEND IN 46628 LANDSCAPING SERVICES 168793 LE BARBER 1196 E NAPIER AVE BENTON HARBOR MI 49022 EXCAVATING SERVICES 118766 5 4314 10075000 10079314 GOLF COURSE OPERATIONS 713910 2633628 2633628 PROGRAM LOAN INTEREST AND FEES 900099 26645 26645 2660273 3088 3088 41351 0 41351 41351 41351 PRODUCT DESIGN SERVICES 525990 -12994 -12994 15817 15817 2823 12786849 2660273 -12994 60256 X 499321 499321 185061 10179 174882 83250 83250 2295221 2250671 44550 8070 88 7982 20649 13449 7200 1926 1214 712 1010494 1010494 969291 969291 16572 6651 9921 GOLF COURSE SUPPLIES 476888 476888 REPAIRS AND MAINTENANCE 454507 6349 448158 PROPERTY TAXES 261113 261113 UNRELATED BUSINESS INCO 3607 3607 599143 232137 367006 6885113 5238524 1646589 0 1420597 1943221 10018 80159 490492 461985 44880 44077 67685 78117 41709974 2485217 38598104 39224757 4732991 62049 28962446 43983589 74327213 85877954 1223972 499860 60998 123388 55742033 54238648 20901049 33381972 77928052 88243868 X -4250201 -3023283 649362 657369 -3600839 -2365914 74327213 85877954 X 5901736 -4666811 X X 0 1 X 1 0 X X X 0 0 0 CORNERSTONE ALLIANCE 382772476 7 1 1 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8757052 8757052 6217582 326073 5891509 24707623 1119610 23588013 2027717 1039534 988183 39224757 DUE FROM HARBOR SHORES BHBT LAND DEVELOPMENT, LLC 5283727 DUE FROM HARBOR SHORES COMMUNITY REDEVELOPMENT, INC 16686811 DUE FROM HARBOR SHORES HV CONSTRUCTION, LLC 7740358 DUE FROM CORNERSTONE ALLIANCE 516037 CASH RESTRICTED FOR SECURITY DEPOSIT 61878 DUE FROM EVERGREEN 12989 PROPERTY HELD FOR SALE 31500 CASH RESTRICTED FOR DEBT SERVICE 977635 TIF RECEIVABLE 12672654 43983589 DUE TO HARBOR SHORES COMMUNITY REDEVELOPMENT, INC 6167957 INVESTMENT IN HARBOR SHORES BHBT LAND DEVELOPMENT, LLC 8293309 INVESTMENT IN HARBOR SHORES HV CONSTRUCTION, LLC 6248052 DEFERRED TIF REVENUE 12672654 33381972 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, CONTRIBUTIONS TO THE ORGANIZATION ARE DEDUCTIBLE BY THE DONOR FOR FEDERAL INCOME TAX PURPOSES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2009. X X X X 0 0 0 0 0 0 0 0 0 WENDY DANT CHESSER 0 141066 0 0 0 0 0 2957 0 7011 0 151034 0 0 FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS IS APPOINTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF CORNERSTONE ALLIANCE. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT OF THE ORGANIZATION EMAILED A DRAFT COPY OF THE FORM 990 TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. COMPENSATION OF THE ORGANIZATION'S OFFICERS IS DETERMINED BY THE RELATED ORGANIZATION FROM WHICH THEY ARE COMPENSATED. THE RELATED ORGANIZATION'S PROCESS IS AS FOLLOWS: COMPENSATION FOR THE PRESIDENT/CEO IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. THE COMPENSATION FOR THE REMAINING OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE PRESIDENT/CEO. THE MOST RECENT YEAR FOR THIS EVALUATION WAS 2012. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST FROM THE RENAISSANCE DEVELOPMENT OFFICE. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE RENAISSANCE DEVELOPMENT OFFICE. OTHER FEES FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 2,250,671. MANAGEMENT AND GENERAL EXPENSES 44,550. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,295,221. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN INTEREST HARBOR SHORES BHBT LAND DEVELOPMENT, LLC -2,762,720. CHANGE IN INTEREST HARBOR SHORES HV CONSTRUCTION, LLC -1,904,091. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED FROM THE PRIOR YEAR. HARBOR SHORES COMMUNITY REDEVELOPMENT LLC 400 RIVERVIEW DRIVE SUITE 420 BENTON HARBOR MI 49022 263368306 ECONOMIC DEVELOPMENT MI 1427 29980283 RENAISSANCE DEVELOPMENT FUND HARBOR SHORES GOLF COURSE LLC 400 RIVERVIEW DRIVE SUITE 420 BENTON HARBOR MI 49022 205846412 CATALYST FOR ECONOMIC DEVELOPMENT MI 2633628 52115097 HARBOR SHORES COMMUNITY REDEVELOPMENT LLC CORNERSTONE ALLIANCE 38 W WALL ST BENTON HARBOR MI 49022 382772476 DEVELOPMENT OF ECONOMIC GROWTH IN THE CITY OF BENTON HARBOR MI 501(C)(3) 7 N/A 1 HARBOR SHORES BHBT LAND DEVELOPMENT LLC 301 STATE STREET ST JOSEPH MI 49085 205488037 ECONOMIC DEVELOPMENT MI HARBOR SHORES COMMUNITY REDEVELOPMENT LLC & HARBOR SHORES MEMBERSIP HOLDING EXCLUDED -1604701 10919563 0 0 HARBOR SHORES HV CONSTRUCTION LLC 301 STATE STREET ST JOSEPH MI 49085 205488160 ECONOMIC DEVELOPMENT MI HARBOR SHORES COMMUNITY REDEVELOPMENT LLC & HARBOR SHORES MEMBERSIP HOLDING EXCLUDED -51179 4599854 0 0 HARBOR SHORES MEMBERSHIP HOLDING INC 301 STATE STREET ST JOSEPH MI 49085 204266532 INVESTMENT HOLDING COMPANY MI RENAISSANCE DEVELOPMENT FUND C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 CORNERSTONE ALLIANCE Q 46571 CASH PAYMENTS