Southeast Neighborhood Development Inc
- Assets
- $5.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Indianapolis, IN
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 35-1557200
Organization Overview
Southeast Neighborhood Development Inc is located in Indianapolis, IN. The organization was established in 1983. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Southeast Neighborhood Development Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Neighborhood Development 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 12/2021, Southeast Neighborhood Development Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $972.5k during the year ending 12/2021. While expenses have increased by 3.1% 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
HOUSING & ECONOMIC DEVELOPMENT FOCUSING ON LOW-INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - PROGRAMS TO PROVIDE LOW-INCOME HOMEOWNERS WITH ASSISTANCE IN MAKING NECESSARY HOME REPAIRS TO THEIR HOMES.
ECONOMIC DEVELOPMENT - HOUSING REHABILITATION AND ECONOMIC REVITALIZATION OF SPECIFIED AREAS OF INDIANAPOLIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Mirgeaux President | Officer | 40 | $88,000 |
Chad Dickerson Vice Chair | OfficerTrustee | 2 | $0 |
Matt Impink Immediate Past Chair | OfficerTrustee | 2 | $0 |
Daniel Cruse Treasurer | OfficerTrustee | 2 | $0 |
Peggy Frame Secretary | OfficerTrustee | 2 | $0 |
Emily Vanest Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $785 |
| Related organizations | $0 |
| Government grants | $358,752 |
| All other contributions, gifts, grants, and similar amounts not included above | $401,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,488 |
| Total Program Service Revenue | $0 |
| Investment income | $26,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $182,107 |
| Net Gain/Loss on Asset Sales | $28,028 |
| Net Income from Fundraising Events | $8,987 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,016,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $172,386 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,000 |
| Compensation of current officers, directors, key employees. | $26,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,412 |
| Payroll taxes | $24,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,243 |
| Fees for services: Accounting | $31,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,091 |
| Advertising and promotion | $0 |
| Office expenses | $35,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,804 |
| Insurance | $40,178 |
| All other expenses | $4 |
| Total functional expenses | $972,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,529 |
| Savings and temporary cash investments | $548,210 |
| Pledges and grants receivable | $188,715 |
| Accounts receivable, net | $20,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $857,377 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,667,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $673,844 |
| Intangible assets | $0 |
| Other assets | $80,080 |
| Total assets | $5,233,256 |
| Accounts payable and accrued expenses | $104,949 |
| 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 | $433,456 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $214,014 |
| Total liabilities | $752,419 |
| Net assets without donor restrictions | $4,131,961 |
| Net assets with donor restrictions | $348,876 |
| 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 | $5,233,256 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southeast Neighborhood Development Inc has recieved totaling $187,779.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $102,150 |
Indianapolis Neighborhood Housing Partnership Inc Indianapolis, IN PURPOSE: CORE OPERATING SUPPORT | $85,619 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Indiana Community Action Corp Crown Point, IN | $8,494,135 | $30,674,552 |
Community Action Of Northeast Indiana Inc Fort Wayne, IN | $10,421,786 | $22,107,258 |
Jasper County Sheltered Facilities Association Joplin, MO | $6,892,857 | $15,950,127 |
Community Ventures In Living Ltd Lafayette, IN | $4,082,681 | $10,075,457 |
Community Action Of Greater Indianapolis Inc Indianapolis, IN | $3,236,158 | $6,334,161 |
Northeast Missouri Community Action Agency Kirksville, MO | $5,382,186 | $5,648,075 |
Pulitzer Arts Foundation St Louis, MO | $117,606,800 | $4,950,340 |
Commercial Club Of Chicago Chicago, IL | $3,716,814 | $4,161,715 |
Community Bankers Association Of Illinois Inc Springfield, IL | $6,623,230 | $3,824,328 |
Kentucky Rural Water Association Bowling Green, KY | $3,114,673 | $3,332,074 |
Fifth Street Renaissance Springfield, IL | $4,994,855 | $3,310,939 |
Missouri Rural Water Association Ashland, MO | $4,721,594 | $3,401,611 |