Indianapolis Eastside Revitalization Corporation
- Assets
- $15.8m
- Revenue
- $2.1m
- Investments
- $256.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 14-1857868
Organization Overview
Indianapolis Eastside Revitalization Corporation, operating under the name East 10th Street Civic Assoc, is located in Indianapolis, IN. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East 10th Street Civic Assoc 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 12/2021, East 10th Street Civic Assoc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE EXEMPT PURPOSE OF THE CORPORATION IS TO EXCLUSIVELY BE ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BUT NOT LIMITED TO, COMBATING COMMUNITY DETERIORATION BY DEVELOPING AND FOSTERING LOW-INCOME HOUSING, WHILE MAINTAINING THE HISTORIC FOUNDATION OF THE COMMUNITY, IN ORDER TO PROVIDE EDUCATIONAL, SOCIAL, AND CULTURAL SERVICES BASED ON COMMUNITY AND NEIGHBORHOOD NEEDS THROUGHOUT THE MIDWEST
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE DEVELOPMENT - THE ORGANIZATION PARTICIPATES IN LEADING DEVELOPMENT AND HISTORIC REHABILITATION OF COMMERCIAL OR MIXED USE BUILDINGS ALONG IN THE MIDWEST. AS A DEVELOPER, CO-DEVELOPER, OR FACILITATOR, THE ORGANIZATION RECEIVES FINANCING AND SUBSIDY FUNDS TO DIRECTLY IMPROVE, OR ENCOURAGE IMPROVEMENT, OF KEY PROPERTIES CRITICAL TO THE OVERALL REDEVELOPMENT EFFORTS IN THE MIDWEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janine Betsey President And Treasurer | OfficerTrustee | 5 | $0 |
Kristen Davis Secretary | OfficerTrustee | 5 | $0 |
James Taylor Board Member | Trustee | 5 | $0 |
Ken Bretz Board Member | Trustee | 5 | $0 |
Tracy Aldrich Board Member | Trustee | 5 | $0 |
Aaron Laster Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $125,533 |
| Investment income | $96,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,897,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,121,382 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $458 |
| Fees for services: Accounting | $6,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,795 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $912,801 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $849 |
| All other expenses | $0 |
| Total functional expenses | $1,033,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $256 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,741,097 |
| Total assets | $15,806,536 |
| Accounts payable and accrued expenses | $150 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,155,825 |
| Total liabilities | $2,155,975 |
| Net assets without donor restrictions | $13,650,561 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $15,806,536 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indianapolis Eastside Revitalization Corporation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |
South Central Missouri Community Action Agency Winona, MO | $9,962,741 | $13,195,865 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |
Community Action Coaltion For South Central Wisconsin Inc Madison, WI | $4,809,920 | $12,236,312 |
Community Action Agency Of St Louis County Inc Overland, MO | $8,798,142 | $11,519,810 |