Indianapolis Neighborhood Housing Partnership Inc
- Assets
- $66.1m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 61
- Location
- Indianapolis, IN
- Founding
- 02/1989
- Data as of
- 12/2020
- EIN
- 35-1742559
Organization Overview
Indianapolis Neighborhood Housing Partnership Inc is located in Indianapolis, IN. The organization was established in 1989. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Indianapolis Neighborhood Housing Partnership Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Neighborhood Housing Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Indianapolis Neighborhood Housing Partnership Inc generated $12.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $12.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Indianapolis Neighborhood Housing Partnership Inc has awarded 186 individual grants totaling $13,196,099. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE AFFORDABLE AND SUSTAINABLE HOUSING OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES AND SERVE AS A CATALYST FOR THE DEVELOPMENT AND REVITALIZATION OF NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEBUYER EDUCATION, ADVISING, & CONSUMER LENDING: WE WERE ABLE TO SUPPORT NEARLY 1,200 FAMILIES IN 2021 THROUGH AFFORDABLE HOUSING SERVICES. SOME KEY ACHIEVEMENTS INCLUDE: 969 FAMILIES GRADUATED FROM INHP EDUCATION CLASS OFFERINGS. 194 LOANS CLOSED THROUGH DIRECT OR LENDER PARTNERS FOR A TOTAL OF 27.4 MILLION IN FINANCING FOR LOW AND MODERATE INCOME FAMILIES. LAUNCHED A FIRST-OF-ITS-KIND LOAN PRODUCT IN MARION COUNTY CALLED RENT-FOCUSED MORTGAGE LENDING. THE UNDERWRITING CRITERIA PRIORITIZES A BORROWER'S RENTAL PAYMENT HISTORY VERSUS TRADITIONAL CREDIT SCORING. CONTINUED ON SCHEDULE O.
AFFORDABLE HOUSING DEVELOPMENT: INHP IS CREATING OPPORTUNITIES FOR INDIVIDUAL HOMEOWNERS AND NEIGHBORHOODS WITH TARGETED INVESTMENTS ACROSS THE CITY AS WE DEVELOP SINGLE FAMILY HOMES, PROVIDE ACCESS TO CAPITAL AND EXPERTISE, AND PARTNER WITH NEIGHBORHOODS TO RESPOND TO THE SHORTAGE OF AFFORDABLE HOMES FOR FAMILIES OF LOW AND MODERATE INCOMES.
GRANTMAKING: WE'RE TRUSTED WITH PHILANTHROPIC FUNDS TO STRATEGICALLY DEPLOY INTO OUR COMMUNITY TO POSITIVELY IMPACT THE AFFORDABLE HOUSING SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moira Carlstedt President & CEO | OfficerTrustee | 45 | $359,627 |
Joseph Hanson Evp Strategic Initiatives | Officer | 45 | $217,343 |
Jeff Curiel CFO & COO | Officer | 45 | $212,562 |
Robert Evans Evp Homeowner Initiatives | Officer | 45 | $204,890 |
Trevor Meeks VP Single Family Lending | Officer | 45 | $153,630 |
Morgan Hoover VP Of Philanthropy And Marketi | Officer | 45 | $152,809 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nichole Freije Victory Assocaites Advertising | 12/30/21 | $102,963 |
Circle City General Contractors Ll Contractor | 12/30/21 | $444,344 |
Davis Building Group Contractor | 12/30/21 | $918,584 |
Bwi Holdings Llc Contractor | 12/30/21 | $148,858 |
White Oak Construction Corp Contractor | 12/30/21 | $338,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,751,327 |
| Investment income | $422,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,271,620 |
| Net Income from Fundraising Events | -$103,688 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,013,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $477,118 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,468,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,742,217 |
| Pension plan accruals and contributions | $79,365 |
| Other employee benefits | $373,202 |
| Payroll taxes | $263,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $152,096 |
| Fees for services: Accounting | $59,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,848 |
| Fees for services: Other | $939,207 |
| Advertising and promotion | $362,769 |
| Office expenses | $36,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,376 |
| Travel | $6,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,257 |
| Interest | $199,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,749 |
| Insurance | $60,879 |
| All other expenses | $0 |
| Total functional expenses | $12,357,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150 |
| Savings and temporary cash investments | $16,793,099 |
| Pledges and grants receivable | $636,277 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,751,126 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $87,268 |
| Investments—publicly traded securities | $16,342,477 |
| Investments—other securities | $0 |
| Investments—program-related | $3,240,926 |
| Intangible assets | $0 |
| Other assets | $8,771,309 |
| Total assets | $66,108,731 |
| Accounts payable and accrued expenses | $873,455 |
| Grants payable | $0 |
| Deferred revenue | $413,916 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,112,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $362,807 |
| Total liabilities | $11,762,617 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $54,346,114 |
Grants Awarded
Over the last fiscal year, Indianapolis Neighborhood Housing Partnership Inc has awarded $1,139,119 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: CORE OPERATING SUPPORT | $205,000 |
Indianapolis, IN PURPOSE: CORE OPERATING SUPPORT | $150,000 |
New York, NY PURPOSE: GENERAL GRANT DISBURSEMENT | $125,000 |
Indianapolis, IN PURPOSE: CORE OPERATING SUPPORT | $110,000 |
RENEW INDIANAPOLIS PURPOSE: CORE OPERATING SUPPORT | $100,000 |
Indianapolis, IN PURPOSE: CORE OPERATING SUPPORT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Indianapolis Neighborhood Housing Partnership Inc has recieved totaling $14,343,654.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: GENERAL OPERATING & SUPPLMTL SUPPORT | $5,600,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: ENHANCING OPPORTUNITY IN INDPLS INIT | $3,800,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: ENHANCING OPPORTUNITY IN INDPLS INIT | $3,200,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $450,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: GENERAL OPERATING & SUPPLMTL SUPPORT | $450,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Neighborhood Housing Partnership Inc Indianapolis, IN | $66,108,731 | $12,013,592 |
Community Initatives Inc Chicago, IL | $14,770,458 | $3,114,149 |
Lss Foundation Inc West Allis, WI | $32,868,828 | $1,061,850 |
Edward And Hannah M Rutledge Charities Inc Chippewa Falls, WI | $0 | $2,022,116 |
Wheda Foundation Inc Madison, WI | $1,008,183 | $1,000,000 |
Bhi Foundation Inc Indianapolis, IN | $8,620,000 | $696,583 |
Housing Action Coalition Of Waukesha County Inc Waukesha, WI | $1,671,468 | $1,634,041 |
Kingswood Senior Living Community Foundation Kansas City, MO | $1,424,825 | $366,812 |
Cjca Development Inc Jefferson City, MO | $3,790,914 | $1,255,461 |
Oneil Family Foundation Elmhurst, IL | $38,370 | $0 |
Gamechangers 65-66 Foundation Lincolnshire, IL | $16,205 | $0 |
Doorways Of Hope Lexington, KY | $157,528 | $0 |