Massachusetts Avenue Community Development Corporation
- Assets
- $444.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 35-1973025
Organization Overview
Massachusetts Avenue Community Development Corporation is located in Indianapolis, IN. The organization was established in 1997. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Massachusetts Avenue Community 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, Massachusetts Avenue Community Development Corporation generated $5.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $21.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Massachusetts Avenue Community Development Corporation has awarded 42 individual grants totaling $450,304. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE GRANTS THAT ASSIST IN THE FURTHERANCE OF SOCIAL, CULTURAL, AND ECONOMIC REDEVELOPMENT AND REHABILITATION IN AND AROUND INDIANAPOLIS' HISTORIC MASSACHUSETTS AVENUE COMMERCIAL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaiah Kuch President | 1 | $0 | |
Susan Williams Director | 1 | $0 | |
Alex Rogers Director | 1 | $0 | |
Martha O'connor Director | 1 | $0 | |
Tom Hanify Director | 1 | $0 | |
Steve Thornton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $128 |
| Other expenses | $0 |
| Total expenses | $21,928 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,637 |
| Other assets | $0 |
| Total assets | $444,300 |
| Total liabilities | $0 |
| Net assets or fund balances | $444,300 |
Grants Awarded
Over the last fiscal year, Massachusetts Avenue Community Development Corporation has awarded $45,476 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RILEY AREA DEVELOPMENT CORP PURPOSE: FOR PROJECT RELATED EXPENSES | $27,476 |
INDIANAPOLIS CULTURAL TRAIL PURPOSE: FOR PROJECT RELATED EXPENSES | $6,000 |
CHATHAM ARCH NEIGHBORHOOD FOUNDATION INC PURPOSE: FOR PROJECT RELATED EXPENSES | $5,000 |
THE DISTRICT THEATRE INC PURPOSE: FOR PROJECT RELATED EXPENSES | $7,000 |