Indianapolis Neighborhood Housing Partnership Inc

Organization Overview

Indianapolis Neighborhood Housing Partnership Inc 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 12/2021, Indianapolis Neighborhood Housing Partnership Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Neighborhood Housing Partnership 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 12/2020, Indianapolis Neighborhood Housing Partnership Inc generated $12.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $12.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Indianapolis Neighborhood Housing Partnership Inc has awarded 186 individual grants totaling $13,196,099. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

INCREASE AFFORDABLE AND SUSTAINABLE HOUSING OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES AND SERVE AS A CATALYST FOR THE DEVELOPMENT AND REVITALIZATION OF NEIGHBORHOODS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOMEBUYER EDUCATION, ADVISING, & CONSUMER LENDING: WE WERE ABLE TO SUPPORT NEARLY 1,200 FAMILIES IN 2021 THROUGH AFFORDABLE HOUSING SERVICES. SOME KEY ACHIEVEMENTS INCLUDE: 969 FAMILIES GRADUATED FROM INHP EDUCATION CLASS OFFERINGS. 194 LOANS CLOSED THROUGH DIRECT OR LENDER PARTNERS FOR A TOTAL OF 27.4 MILLION IN FINANCING FOR LOW AND MODERATE INCOME FAMILIES. LAUNCHED A FIRST-OF-ITS-KIND LOAN PRODUCT IN MARION COUNTY CALLED RENT-FOCUSED MORTGAGE LENDING. THE UNDERWRITING CRITERIA PRIORITIZES A BORROWER'S RENTAL PAYMENT HISTORY VERSUS TRADITIONAL CREDIT SCORING. CONTINUED ON SCHEDULE O.


AFFORDABLE HOUSING DEVELOPMENT: 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.


GRANTMAKING: WE'RE TRUSTED WITH PHILANTHROPIC FUNDS TO STRATEGICALLY DEPLOY INTO OUR COMMUNITY TO POSITIVELY IMPACT THE AFFORDABLE HOUSING SYSTEM.


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Board, Officers & Key Employees

Name (title)Compensation
Moira Carlstedt
President & CEO
$359,627
Joseph Hanson
Evp Strategic Initiatives
$217,343
Jeff Curiel
CFO & COO
$212,562
Robert Evans
Evp Homeowner Initiatives
$204,890
Trevor Meeks
VP Single Family Lending
$153,630
Morgan Hoover
VP Of Philanthropy And Marketi
$152,809

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Circle City General Contractors Ll
Contractor
$444,344
Davis Building Group
Contractor
$918,584
Bwi Holdings Llc
Contractor
$148,858
White Oak Construction Corp
Contractor
$338,211
Nichole Freije Victory Assocaites
Advertising
$102,963
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$8,751,327
Investment income $422,031
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,271,620
Net Income from Fundraising Events -$103,688
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,013,592

Grants Awarded

Over the last fiscal year, Indianapolis Neighborhood Housing Partnership Inc has awarded $1,139,119 in support to 13 organizations.

Grant RecipientAmount

NEAR NORTH DEVELOPMENT CORPORATION

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: CORE OPERATING SUPPORT

$205,000

NEAR EAST AREA RENEWAL

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: CORE OPERATING SUPPORT

$150,000

LOCAL INITIATIVE SUPPORT CORPORATION

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL GRANT DISBURSEMENT

$125,000

PARTNERS IN HOUSING DEVELOPMENT CORPORATION

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: CORE OPERATING SUPPORT

$110,000

MAPLETON FALL CREEK DEVELOPMENT CORPORATION

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: CORE OPERATING SUPPORT

$100,000

RENEW INDIANAPOLIS

PURPOSE: CORE OPERATING SUPPORT

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Indianapolis Neighborhood Housing Partnership Inc has recieved totaling $14,343,654.

Awarding OrganizationAmount
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: GENERAL OPERATING & SUPPLMTL SUPPORT

$5,600,000
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: ENHANCING OPPORTUNITY IN INDPLS INIT

$3,800,000
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: ENHANCING OPPORTUNITY IN INDPLS INIT

$3,200,000
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: GENERAL OPERATING SUPPORT

$450,000
Lilly Endowment Inc

Indianapolis, IN

PURPOSE: GENERAL OPERATING & SUPPLMTL SUPPORT

$450,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

$300,000
View Grant Recipient Profile

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