Mr. Morse graduated from Montana State University with a Bachelor of Science in Business in 2015 and a Master of Professional Accountancy in 2016. He obtained his CPA license in 2018 while working as an auditor for the Alaska Division of Legislative Audit. Mr. Morse joined Pedcor in November of 2021 as a Senior Accountant II.
Read MoreDivision: Residential
Lexi Cooper
Lexi earned her Bachelor’s Degree in Business from Ball State University, giving her a strong foundation in organizational strategy and communication. Before joining Pedcor in January of 2022, she served as an Administrative Assistant at Inktel, gaining valuable experience in client relations and operational support.
Since joining Pedcor, Lexi has brought an unmistakable energy and enthusiasm to her role, fostering a welcoming and collaborative atmosphere. Her dedication and cheerful demeanor make her an integral part of the Development team.
Read MoreJonathan Rygg
Mr. Rygg graduated from Brigham Young University with a double major in History and Asian Studies in 2009 and earned his Doctor of Jurisprudence from the Indiana University Robert H. McKinney School of Law in 2014. He is admitted to practice in the state of Indiana and the United States District Court, Northern and Southern Districts of Indiana.
Mr. Rygg joined Pedcor Companies in 2021 and is responsible for coordinating and closing all aspects of Pedcor’s affordable housing transactions in Colorado, Idaho, North and South Carolina, and other states. Mr. Rygg started his career in the affordable housing industry during law school coordinating due diligence matters as a member of a national developer’s in-house legal team. After passing the bar, he continued his work there as an attorney, advising on all post-closing and corporate matters, including project construction, LIHTC compliance, and asset management. More recently, he worked in-house for a national LIHTC syndicator where he assisted in closing approximately 140 affordable housing communities across the country.
Read MoreColin Patterson, PE
Colin Patterson joined Pedcor in spring 2021 with more than 25 years of experience in civil engineering and construction, including 17 years specializing in site development. He is a licensed professional engineer in Indiana and a 1995 graduate of Tri-State University (now Trine University).
As an experienced consultant—most recently serving as a senior project engineer at American Structurepoint, Inc., in Indianapolis—Colin managed all aspects of site planning and development for a wide range of projects including retail development, industrial sites, municipal facilities, federal, airports, residential subdivisions, and multi-family housing. His expertise includes drainage, grading, water quality design, and underground detention. Colin has evaluated prospective projects to identify scope of work, time, and expense estimates; directed technical consultants including structural engineers, environmental engineers, surveyors, site electrical designers, landscapers, geo techs, utility locate services, and local utility representatives; coordinated with municipal planning and engineering offices, INDOT, IDEM, DNR, USAC, and FAA; submitted site documents for municipal review; represented clients at BZA, TAC and Plan Commission meetings; and resolved differences for timely approval.
Colin is known as a creative problem-solver, able to uncover innovative solutions to complex challenges. His stormwater management solution for Hendricks Gateway Park near Indianapolis is one example. He routinely explains engineering concepts to clients and other non-engineers, identifies opportunities for time and cost savings, and recommends solutions to address competing needs of stakeholders.
Outside of the workplace, Colin is active in urban beekeeping initiatives. He spends many weekends in March through November tending multiple hives in his urban backyard.
Read MoreDonald R. Neel
Mr. Neel serves as President and CEO of Village Capital Corporation. In addition to his roles as President of CEO of parent-company United Fidelity Bank, Neel serves as President and CEO of first-tier holding company, Fidelity Federal Bancorp. Neel joined the company in 1993 as Senior VP and Chief Financial Officer. In the past 6 years, the Company has expanded dramatically, increasing its total assets from $135 million to $1.3 billion. During that time, Village Capital Corporation has developed, acquired, and/or financed multifamily affordable housing across the country. Prior to joining the Company, Neel worked for Peoples Savings Bank in 1987 following a three year stint with the public accounting firm, BKD LLP. Neel is a 1985 graduate of the University of Southern Indiana and completed Indiana CPA examination requirements in 1987.
Read MoreBruce A. Cordingley
Mr. Cordingley has been involved in commercial and residential development and financing since 1971. He graduated in 1968 from Purdue University (BS-Industrial Management) with Distinction and Honors in Economics. In 1971 he graduated from the Harvard Law School with a Juris Doctor degree. He earned a MA in Economics from Indiana University in 2000, a MS in International Finance in 2004 from the University of Maryland and attended a graduate program in Mathematical Finance at Oxford University in 2000 to 2001.
After a two-year affiliation with Bingham Dana & Gould, Boston, Massachusetts, Mr. Cordingley joined Ice Miller Donadio & Ryan, Indianapolis, Indiana, in 1973 as an associate, becoming a partner in the firm’s Real Estate Section in 1980. His legal practice focused on representation of real estate developers in all aspects of the development process (zoning, construction and permanent financing, acquisition, sales, joint ventures, syndications and tax matters).
In 1973, Mr. Cordingley began investing in real estate for his own account through International Enterprises, Inc., which owns and manages apartment communities in Indiana. In 1986, he started the development of the Bridlebourne subdivision in Carmel, Indiana which subsequently became the highest priced residential development in the State of Indiana. In 1987, he joined with Jerry Pedigo in forming Pedcor Investments to develop affordable rental housing. In 1992, Mr. Cordingley formally withdrew from Ice Miller to devote full time his efforts to the development activities of Pedcor Investments.
In addition to President and CEO of Pedcor Investments, Mr. Cordingley is chairman of United Fidelity Bank of Evansville, Indiana. He is President and CEO of Pedcor Financial, LLC, and Pedcor Financial Bancorp, the senior holding companies for United Fidelity Bank. He is also chairman of Fidelity Federal Bancorp and its subsidiaries.
He was a director of Eastside Community Investments, Inc. from 1983 to 1996. Mr. Cordingley was a director of the Indianapolis Economic Development Corporation, a city development corporation, from 1985 to 1988. He was also Commissioner (1983-1986) and President (1984-1986) of the Indianapolis Historic Preservation Commission, a governmental body that regulates historic districts and promotes preservation and a board member of the Riley Area Revitalization Program, a community development corporation from 1982 to 1987.
He is a veteran ending his service from 1968-1976 as a Captain in the US Army.
He is married to Denise, a retired French teacher, and he and Denise have 3 children and 4 grandchildren.
Read MoreDoug Boggs
Mr. Boggs graduated from Ball State University in 1992 (BS – Accounting). He started his career with Pedcor Investments, LLC as a Staff Accountant in 1993. In 1995, Mr. Boggs went to work for Simon Property Group, the largest REIT in North America at the time, where he worked for three years holding both Staff & Senior Accountant roles. In 1998, Mr. Boggs was re-hired by Pedcor Investments, LLC as an Assistant Controller and was later elevated to CFO in 2006 where he currently serves in the same role. Mr. Boggs has over 25 years of residential and commercial real estate accounting experience. In 2019, he was named the CFO of Pedcor Financial, LLC, the upper tier bank holding company for United Fidelity Bank, fsb (Evansville, IN) where he currently serves in the same role. Mr. Boggs oversees the Real Estate & Bank Holding Company accounting operations for Pedcor Companies, which includes approximately 40 accounting and finance staff members.
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