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ObjectId: 202313129349301951 - Submission: 2023-11-08
TIN: 51-0415780
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
22
Open to Public Inspection
Name of the organization
VISION COMMUNITIES INC
Employer identification number
51-0415780
Part I
Identification of Disregarded Entities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
(1)
DOUGLAS POINTE III ASSOCIATES LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
35-1946082
AFFORDABLE HOUSING
IN
665,159
527,075
VISION COMMUNITIES INC
(2)
GREAT OAK LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
27-0559053
AFFORDABLE HOUSING
IN
509,915
1,335,922
VISION COMMUNITIES INC
(3)
DUNEDIN I LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
35-1958462
AFFORDABLE HOUSING
IN
1,462,752
2,909,303
VISION COMMUNITIES INC
(4)
HEBRON VISION LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
20-4728881
AFFORDABLE HOUSING
IN
865,592
339,095
VISION COMMUNITIES INC
(5)
CC VINCENNES LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
46-2366713
AFFORDABLE HOUSING
IN
-41
1,932,126
VISION COMMUNITIES INC
(6)
HWP APARTMENTS LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
51-0415780
AFFORDABLE HOUSING
IN
-31
1,636,035
VISION COMMUNITIES INC
(7)
VISION RE HOLDINGS LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
AFFORDABLE HOUSING
IN
16,871
853,071
VISION COMMUNITIES INC
Part II
Identification of Related Tax-Exempt Organizations.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2022
Page 2
Schedule R (Form 990) 2022
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
(1)
CLARK'S CROSSING LP
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
90-0951621
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
RELATED
-41
1,932,126
No
Yes
0.010 %
(2)
HISTORIC WHITLOCK LP
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
30-0815340
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
RELATED
-31
1,636,035
No
Yes
0.010 %
(3)
HISTORIC SULLIVAN LOFTS LP
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
81-1841870
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
RELATED
-25
988,654
No
Yes
0.010 %
(4)
PARKSIDE AT TARKINGTON LP
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
83-2756991
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
RELATED
-258
13,454,142
No
No
99.990 %
(5)
THE LANDING RETAIL LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
90-0978863
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
RELATED
-557
5,339
No
No
5.000 %
(6)
RIVER POINTE SENIOR HOUSING LP
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
35-2498063
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
RELATED
-25
588,692
No
Yes
0.010 %
(7)
DT TERRACE RETAIL LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
46-5473883
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
RELATED
-1,171
51,160
No
No
10.000 %
(8)
RIVER POINTE RETAIL LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
37-1778050
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
RELATED
-976
174,017
No
No
10.000 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
(1)
RP TELL CITY LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
46-5169256
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
C
-25
588,692
100.000 %
No
(2)
HSL SULLIVAN LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
81-1823622
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
C
-25
988,654
100.000 %
No
(3)
PAT VISION LLC
ONE INDIANA SQUARE SUITE 3000
INDIANAPOLIS
,
IN
46204
83-2746957
AFFORDABLE HOUSING
IN
VISION COMMUNITIES INC
C
-258
13,454,142
100.000 %
No
Schedule R (Form 990) 2022
Page 3
Schedule R (Form 990) 2022
Page
3
Part V
Transactions With Related Organizations.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
No
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
No
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
No
d
Loans or loan guarantees to or for related organization(s)
............................
1d
Yes
e
Loans or loan guarantees by related organization(s)
............................
1e
No
f
Dividends from related organization(s)
............................
1f
No
g
Sale of assets to related organization(s)
............................
1g
No
h
Purchase of assets from related organization(s)
............................
1h
No
i
Exchange of assets with related organization(s)
............................
1i
No
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
No
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
No
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
Yes
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
No
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
No
o
Sharing of paid employees with related organization(s)
............................
1o
No
p
Reimbursement paid to related organization(s) for expenses
............................
1p
No
q
Reimbursement paid by related organization(s) for expenses
............................
1q
No
r
Other transfer of cash or property to related organization(s)
............................
1r
No
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
RIVER POINTE SENIOR HOUSING LP
D
300,000
LOAN BALANCE ON BOOKS
(2)
CLARK'S CROSSING LP
D
1,153,150
LOAN BALANCE ON BOOKS
(3)
HISTORIC SULLIVAN LOFTS LP
D
243,888
LOAN BALANCE ON BOOKS
(4)
HISTORIC WHITLOCK LP
D
500,000
LOAN BALANCE ON BOOKS
(5)
HISTORIC SULLIVAN LOFTS LP
L
148,930
DEVELOPMENT FEES RECEIVABLE
(6)
HISTORIC WHITLOCK LP
L
159,375
DEVELOPMENT FEES RECEIVABLE
(7)
HISTORIC WHITLOCK LP
D
105,839
LOAN INTEREST REC BALANCE ON BOOK
(8)
CLARK'S CROSSING LP
D
99,694
LOAN INTEREST REC BALANCE ON BOOK
(9)
CLARK'S CROSSING LP
L
421,177
DEVELOPMENT FEES RECEIVABLE
(10)
HISTORIC SULLIVAN LOFTS LP
D
118,159
LOAN INTEREST REC BALANCE ON BOOK
(11)
PARKSIDE AT TARKINGTON LP
D
815,000
LOAN BALANCE ON BOOKS
(12)
PARKSIDE AT TARKINGTON LP
D
687,373
LOAN BALANCE ON BOOKS
(13)
PARKSIDE AT TARKINGTON LP
L
444,714
DEVELOPMENT FEES RECEIVABLE
(14)
RIVER POINTE RETAIL LLC
D
61,341
LOAN BALANCE ON BOOKS
Schedule R (Form 990) 2022
Page 4
Schedule R (Form 990) 2022
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership.
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2022
Page 5
Schedule R (Form 990) 2022
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference
Explanation
Schedule R (Form 990) 2022
Additional Data
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