Indianapolis Neighborhood Housing Partnership Inc
- Assets
- $94.2m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 57
- Location
- Indianapolis, IN
- Founding
- 02/1989
- Data as of
- 12/2023
- EIN
- 35-1742559
Organization Overview
Indianapolis Neighborhood Housing Partnership Inc, operating under the name Inhp, is located in Indianapolis, IN. The organization was established in 1989. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Inhp employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inhp 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, Inhp generated $15.2m 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 (8.7%) each year. All expenses for the organization totaled $17.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Inhp has awarded 226 individual grants totaling $16,005,306. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AFFORDABLE HOUSING SOLUTIONS FOR PEOPLE WITH LOW AND MODERATE INCOMES, AND COLLABORATE TO ENHANCE THE QUALITY OF LIFE IN INDIANAPOLIS NEIGHBORHOODS.
Describe the Organization's Program Activity:
COMMUNITY SOLUTIONS: INHP IS CREATING OPPORTUNITIES FOR INDIVIDUAL HOMEOWNERS AND NEIGHBORHOODS WITH TARGETED INVESTMENTS ACROSS THE CITY AS WE DEVELOP SINGLE FAMILY HOMES, PROVIDE ACCESS TO CAPITAL AND EXPERTISE, AND PARTNER WITH NEIGHBORHOODS TO RESPOND TO THE SHORTAGE OF AFFORDABLE HOMES FOR FAMILIES OF LOW AND MODERATE INCOMES. ACROSS INHP'S COMMUNITY SOLUTIONS, WE IMPACTED 1,133 AFFORDABLE HOUSING UNITS. SOME KEY ACCOMPLISHMENTS INCLUDE: - SOLD 1 PROPERTY IN OUR ETOD LANDBANK TO A DEVELOPER FOR AFFORDABLE HOUSING AND WE PURCHASED 1 MORE SITE - PROVIDED $4.8 MILLION IN COMMUNITY LOANS IMPACTING 254 AFFORDABLE HOUSING UNITS - DEVELOPED 22 NEW AFFORDABLE HOMES ACROSS INDIANAPOLIS - INVESTED $6.9 MILLION INTO MARION COUNTY MINORITY CENSUS TRACTS DURING 2023. ADDITIONALLY MORE THAN 1/2 OF FUNDS DEPLOYED BY INHP WERE TO MINORY LED OR MINTORY SERVING ORGANIZATIONS - ESTABLISHED A NEW AFFORDABLE HOUSING PRESERVATION STRATEGY BY AQUIRING A 39-UNIT HOUSING PROPERTY FOR OLDER ADULTS EARNING UP TO 60% OF AMI
CONSUMER SOLUTIONS: THROUGH INHP, INDIVIDUALS AND FAMILIES WITH LOW AND MODERATE INCOMES ARE PREPARED FOR LONG-TERM SUCCESSFUL HOMEOWNERSHIP BY GAINING THE KNOWLEDGE, FINANCIAL CAPABILITY AND GUIDANCE THEY NEED TO SUCCESSFULLY NAVIGATE THE HOMEBUYING PROCESS. ACROSS OUR CONSUMER SOLUTIONS, 1,149 FAMILIES GRADUATED FROM INHP EDUCATION CLASS OFFERINGS 212 UNIQUE HOUSEHOLDS QUALIFIED FOR A MORTGAGE THROUGH THE ADVISING PROGRAM, AND INHP ORIGINATED 180 CONSUMER MORTGAGES. ALL INHP FIRST AND SECOND MORTGAGE ORIGINATIONS ARE TO INDIVIDUALS AND FAMILIES EARNING 120% OR BELOW THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AREA MEDIAN INCOME AND THE HOME IS LOCATED IN MARION COUNTY. IN 2023, INHP ORIGINATED 40 FIRST MORTGAGES AND PROVIDED MORTGAGE ADVISING AND ACCESS TO CAPITAL FOR AN ADDITIONAL 49 FIRST MORTGAGE CLIENTS TO ACCESS PRIVATE SECTOR LENDER PARTNER PRODUCTS. FURTHER, INHP ORIGINATED 91 SECOND MORTGAGES FOR CLIENTS SO THEY COULD MAKE HOME REPAIRS OR OBTAIN DOWN PAYMENT ASSISTANCE. THIS REPRESENTS A TOTAL OF $16.3 MILLION IN FINANCING FOR LOW AND MODERATE INCOME FAMILIES.
POLICY AND RESEARCH SOLUTIONS: IN THE PROGRESSION OF OUR MISSION, OUR FOCUS ON HOMEOWNERSHIP HAS EXPANDED TO INCLUDE STRATEGIES THAT PRESERVE OR INCREASE THE SUPPLY OF AFFORDABLE HOUSING THROUGH COMMUNITY LENDING, HOUSING DEVELOPMENT, LAND BANKING, GRANTMAKING AND RENTAL PROPERTY OWNERSHIP. THIS MEANS THAT THE DEPTH AND BREADTH OF POLICY ISSUES AT THE LOCAL, STATE AND FEDERAL LEVELS IMPACTING INHP AND THE PEOPLE AND NEIGHBORHOODS WE SERVE HAS INCREASED SIGNIFICANTLY. TO THAT END, WE HAVE TAKEN A MEASURED BUT DELIBERATE APPROACH TO TRACKING AND ADVOCATING FOR POLICY ISSUES THAT ADDRESS THE AFFORDABLE HOUSING CHALLENGES OUR CLIENTS ARE EXPERIENCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 45 | $350,354 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Chairperson | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chairperson | OfficerTrustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
White Oak Construction Corp Contractor | 12/30/23 | $1,073,536 |
Steven R Keller Construction Contractor | 12/30/23 | $885,128 |
Cliff's Construction Llc Contractor | 12/30/23 | $499,269 |
Wca Group Llc Hvac Repair | 12/30/23 | $138,998 |
Forvis Llp Accounting | 12/30/23 | $120,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $211,000 |
| Related organizations | $0 |
| Government grants | $3,325,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,032,202 |
| Noncash contributions included in lines 1a–1f | $2,490 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,568,757 |
| Total Program Service Revenue | $761,901 |
| Investment income | $1,261,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $233,294 |
| Net Gain/Loss on Asset Sales | $2,549,739 |
| Net Income from Fundraising Events | -$157,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,217,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,275,245 |
| Grants and other assistance to domestic individuals. | $782,919 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,761,349 |
| Compensation of current officers, directors, key employees. | $458,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,500,080 |
| Pension plan accruals and contributions | $150,422 |
| Other employee benefits | $468,818 |
| Payroll taxes | $322,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,233 |
| Fees for services: Accounting | $71,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,658 |
| Fees for services: Other | $1,014,574 |
| Advertising and promotion | $340,427 |
| Office expenses | $56,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $249,974 |
| Travel | $16,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,370 |
| Interest | $378,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,505 |
| Insurance | $89,044 |
| All other expenses | $1,420,560 |
| Total functional expenses | $17,032,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,438,371 |
| Pledges and grants receivable | $517,551 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,017,578 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $194,440 |
| Net Land, buildings, and equipment | $1,691,127 |
| Investments—publicly traded securities | $14,097,580 |
| Investments—other securities | $0 |
| Investments—program-related | $14,981,637 |
| Intangible assets | $0 |
| Other assets | $14,264,870 |
| Total assets | $94,203,154 |
| Accounts payable and accrued expenses | $887,019 |
| Grants payable | $0 |
| Deferred revenue | $1,127,290 |
| 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 | $31,828,697 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,037,780 |
| Total liabilities | $34,880,786 |
| Net assets without donor restrictions | $46,589,892 |
| Net assets with donor restrictions | $12,732,476 |
| 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 | $94,203,154 |
Grants Awarded
Over the last fiscal year, Indianapolis Neighborhood Housing Partnership Inc has awarded $1,239,045 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BIG CAR MEDIA INC PURPOSE: General Grant Disbursements | $20,000 |
BROOKSIDE COMMUNIT DEVELOPMENT CORP PURPOSE: General Grant Disbursements | $20,000 |
COALITION FOR HOMELESSNESS INTERVENTIN AND PREVENTION (CHIP) PURPOSE: General Grant Disbursements | $10,000 |
COMMUNITY ACTION OF GREATER INDIANAPOLIS (CAGI) PURPOSE: Core Operating Support | $50,000 |
CORPORATION FOR SUPPORTIVE HOUSING PURPOSE: General Grant Disbursements | $10,000 |
COMMUNITY ALLIANCE OF THE FAR EASTSIDE (CAFE) PURPOSE: General Grant Disbursements | $21,500 |