Seventy-Five North Revitalization Corporation

“A draft of the form 990 is reviewed by the president/ceo and chairman of the board for accuracy. If any changes are advised, these are made and the return is then filed after final approval. In the current year, the review was completed by the interim president/ceo.”

“All members of the board are subject to a duty to disclose all actual or possible conflict of interests to the board at all times. The director will recuse himself or herself from involvement in any decision or discussion in which he or she has or may have a conflict of interest.”

“Annually, the chairman of the board makes a recommendation to the board of directors for the compensation of the president/ceo. The salary is based on matters of performance and comparability data from the surrounding area which is presented to the board of directors. Board approval is required for the determination of the president/ceo's compensation. No other officers or key employees are compensated by the organization.”

“Governing documents, conflict of interest policy, and financial statements are made available upon request.”

“Tax basis adjustment for investment in highlander phase 1 market, llc -197,701. Impairment loss -482,304.”

“Under the terms of the operating agreement for hpiv, llc, one of its members, 75nhp4, llc, must make an election under irc section 168(h)(6)(f)(ii). A related entity, seventy-five north revitalization corporation, shall attach a copy of the following tax election made by 75nhp4, llc to its form 990 tax return. The election is as follows: 75nhp4, llc 2112 north 30th street, suite 200 omaha, ne 68111 ein: 88-0561701 election not to be treated as exempt entity under irc section 168(h)(6)(f)(ii) the taxpayer hereby elects to have any gain recognized by its tax-exempt parent on any disposition of an interest in the taxpayer (and to treat any dividends or interest received or accrued from the taxpayer) as unrelated business taxable income under code section 511 in order for the taxpayer to not be treated as a tax-exempt entity (or a successor to a tax-exempt entity) under irc section 168(h)(6)(f)(ii). This election is effective on october 28, 2021. This election is irrevocable. Under the terms of the operating agreement for kennedy east lihtc, llc, one of its members, 75nkse, llc, must make an election under irc section 168(h)(6)(f)(ii). A related entity, seventy-five north revitalization corporation, shall attach a copy of the following tax election made by 75nkse, llc to its form 990 tax return. The election is as follows: 75nkse, llc 2112 north 30th street, suite 200 omaha, ne 68111 ein: 92-1155838 tax year ended december 31, 2022 election under irc section 168(h)(6)(f)(ii) by a tax-exempt controlled entity the taxpayer, 75nkse, llc, hereby elects under 168(h)(6(f)(ii) so it will not be treated as a tax-exempt entity for purposes of 168(h)(6)(f)(i), and acknowledges that any gain recognized on the disposition of an interest in 75nkse, llc, and any dividend or interest received or accrued by a tax-exempt entity from 75nkse, llc, will be treated as unrelated business taxable income for purposes of section 511. This election is irrevocable.”