Partners In Housing Development Corporation
- Assets
- $18.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Indianapolis, IN
- Founding
- 08/1994
- Data as of
- 12/2023
- EIN
- 35-1917637
Organization Overview
Partners In Housing Development Corporation is located in Indianapolis, IN. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Partners In Housing Development Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners In Housing Development Corporation 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 12/2023, Partners In Housing Development Corporation generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERS IN HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED AS AN INDIANA NOT-FOR-PROFIT CORPORATION IN NOVEMBER 1993. THE MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE PEOPLE WHO MOST NEED A STABLE PLACE TO LIVE, WHILE GIVING THEM SUPPORT AND A CHANCE TO REACH THEIR HIGHEST LEVEL OF SELF-SUFFICIENCY. TO MEET THESE OBJECTIVES, THE CORPORATION'S ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND CONSTRUCTION OF REAL PROPERTY FOR LOW INCOME HOUSING AND TO PROVIDE SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT DECEMBER 31, 2023, THE CORPORATION OWNED OR OPERATED THE FOLLOWING LOW INCOME HOUSING PROJECTS AND SUPPORT PROGRAMS:BURTON II, 23 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK APARTMENTS, 106 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERMOZINGO PLACE, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDBLUE TRIANGLE APTS, SPECIAL NEEDS, INDIANAPOLIS, IN- WHOLLY OWNEDGUERIN PLACE APTS., 19 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDLINWOOD APARTMENTS, 28 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDST. GEORGE APTS, 58 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDFALL CREEK, 50 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERGLENMOOR, 24 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - 33.33% PARTNERAPPERSON WAY, 69 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERBLUE-MOZINGO, 72 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERTRIPLE P APARTMENTS, 87 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK, L.P., SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDTHE POINT ON FALL CREEK, 59 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Green Executive Director | Officer | 1 | $147,201 |
Janine Betsey President/chairman | OfficerTrustee | 1 | $0 |
Walter Freihofer Vice Chairman/secretary | OfficerTrustee | 1 | $0 |
Kathy Overbey Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Lara Director | Trustee | 1 | $0 |
Trelles Evan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,015 |
| Related organizations | $0 |
| Government grants | $2,357,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $716,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,123,814 |
| Total Program Service Revenue | $330,993 |
| Investment income | $205,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,363,785 |
| Net Income from Fundraising Events | -$17,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,190,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,201 |
| Compensation of current officers, directors, key employees. | $147,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $872,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,462 |
| Payroll taxes | $28,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,341 |
| Fees for services: Accounting | $37,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,500 |
| Advertising and promotion | $0 |
| Office expenses | $251,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $689,470 |
| Travel | $12,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,271 |
| Insurance | $58,347 |
| All other expenses | $0 |
| Total functional expenses | $2,343,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,243,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,136,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,600,716 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,027 |
| Net Land, buildings, and equipment | $1,860,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,986,888 |
| Intangible assets | $0 |
| Other assets | $1,790,639 |
| Total assets | $18,640,162 |
| Accounts payable and accrued expenses | $765,483 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,644,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,079 |
| Total liabilities | $2,415,387 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $16,224,775 |
| Total liabilities and net assets/fund balances | $18,640,162 |