Intend Indiana Inc
- Assets
- $31.1m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Indianapolis, IN
- Founding
- 04/1990
- Data as of
- 12/2023
- EIN
- 35-1704590
Organization Overview
Intend Indiana Inc is located in Indianapolis, IN. The organization was established in 1990. 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, Intend Indiana Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intend Indiana 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 12/2023, Intend Indiana Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INTEND INDIANA ADVANCES COMPREHENSIVE COMMUNITY DEVELOPMENT THROUGH INNOVATIVE FINANCING AND DEVELOPMENT SOLUTIONS THAT CREATE AND PRESERVE AFFORDABLE HOUSING, SUPPORT NEIGHBORHOOD REVITALIZATION EFFORTS, AND FOSTER SMALL BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS BUILD FUND, INTEND INDIANA MADE 5 LOANS TOTALING $615,415.45 TO SMALL BUSINESSES CREATING COMMUNITY IMPACTS THROUGHOUT CENTRAL INDIANA DURING 2023. ALL OF BUILD FUND LOANS WERE MADE TO MINORITY AND WOMEN OWNED BUSINESSES. BUILD FUND ALSO PROVIDED SMALL BUSINESS TECHNICAL ASSISTANCE TO 206 POTENTIAL CLIENTS.
THROUGH EDGE FUND, INTEND INDIANA CLOSED 6 HOMEPOWER LOANS TOTALING $874,600.00, 6 FORGIVABLE 2ND MORTGAGES TOTALING $540,000, PROVIDED AFFORDABLE REFINANCING LOANS TOTALING $2,016,559.90 FOR 17 HOMEOWNERS NEGATIVELY IMPACTED BY COVID-19 THROUGH ITS INDYAMP PROGRAM AND SUPPORTED AN AFFORDABLE MULTIFAMILY HOUSING PROJECT WITH A $2 MILLION LOAN THROUGH ITS BRIDGESMART PROGRAM.
THROUGH ITS AFFORDABLE HOMEMATTERS PROGRAM, INTEND INDIANA INVESTED $2,002,687 INTO CREATING AFFORDABLE HOUSING STOCK, CREATING 7 NEW CONSTRUCTIONS AND 4 REHABBED SINGLE-FAMILY HOMES. ALL HOMEBUYERS BUYERS SERVED BY THE PROGRAM WERE LOCATED WITHIN AN OPPORTUNITY/FOCUS AREA AND HAD INCOMES AT OR BELOW 80% OF THE AREA MEDIAN INCOME. AMONG THE BUYERS SERVED, 36% IDENTIFIED AS AFRICAN AMERICAN, 45% AS HISPANIC OR LATINO, AND 19% AS CAUCASIAN, WITH 54% BEING FEMALE HEADS OF HOUSEHOLD. AFFORDABLE HOMEMATTERS AWARDED 11 CONSTRUCTION CONTRACTS TO XBE CONTRACTORS TOTALING $2,002,687 WORTH OF XBE CONTRACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenn Lisak Golding Bod | OfficerTrustee | 1 | $0 |
Esther Carter-Day Bod | OfficerTrustee | 1 | $0 |
Nathan Ringham Bod | OfficerTrustee | 1 | $0 |
Vincent Ash Bod | Trustee | 1 | $0 |
Ceceily Brickley Bod | Trustee | 1 | $0 |
Keith Broadnax Bod | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bwi Contractors Llc Construction Work | 12/30/23 | $1,162,409 |
Rays Construction Construction Work | 12/30/23 | $106,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,548,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,652,262 |
| Noncash contributions included in lines 1a–1f | $3,492 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,200,335 |
| Total Program Service Revenue | $480,627 |
| Investment income | $1,192,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,790 |
| Net Gain/Loss on Asset Sales | $725,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,614,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,801 |
| 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. | $407,458 |
| Compensation of current officers, directors, key employees. | $103,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,067,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,631 |
| Payroll taxes | $114,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,724 |
| Fees for services: Accounting | $52,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,066 |
| Fees for services: Other | $295,965 |
| Advertising and promotion | $68,487 |
| Office expenses | $201,115 |
| Information technology | $53,059 |
| Royalties | $0 |
| Occupancy | $15,543 |
| Travel | $36,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,978 |
| Interest | $151,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,053 |
| Insurance | $79,433 |
| All other expenses | $82,809 |
| Total functional expenses | $4,487,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,345,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,029,090 |
| Accounts receivable, net | $418,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,623,882 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $76,723 |
| Net Land, buildings, and equipment | $491,897 |
| Investments—publicly traded securities | $1,626,978 |
| Investments—other securities | $0 |
| Investments—program-related | $2,286,718 |
| Intangible assets | $0 |
| Other assets | $171,251 |
| Total assets | $31,069,679 |
| Accounts payable and accrued expenses | $840,016 |
| 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 | $3,616,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,248,916 |
| Total liabilities | $5,705,811 |
| Net assets without donor restrictions | $25,073,535 |
| Net assets with donor restrictions | $290,333 |
| 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 | $31,069,679 |