Martindale-Brightwood Community Development Corporation
- Assets
- $4.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Indianapolis, IN
- Founding
- 01/1993
- Data as of
- 12/2023
- EIN
- 35-1870982
Organization Overview
Martindale-Brightwood Community Development Corporation is located in Indianapolis, IN. The organization was established in 1993. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Martindale-Brightwood Community Development Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martindale-Brightwood Community Development Corporation 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, Martindale-Brightwood Community Development Corporation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 20.1% 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
CONTINUE TO PROVIDE PROGRAMS THAT ASSIST LOW INCOME FAMILIES WITH PURCHASING & REHABILITATION OF AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Durrell Culiens President | Trustee | 5 | $0 |
Julie Davis Vice President | Trustee | 5 | $0 |
Sandra Jones Secretary | Trustee | 5 | $0 |
Dorothy Price Treasurer | Trustee | 5 | $0 |
Wendy Jenkins Board Member | Trustee | 5 | $0 |
Robert Hailey Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,513 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,902,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,945,892 |
| Total Program Service Revenue | $0 |
| Investment income | $14,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $108,681 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,092,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,148 |
| 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 | $455,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,447 |
| Office expenses | $12,868 |
| Information technology | $6,200 |
| Royalties | $0 |
| Occupancy | $45,640 |
| Travel | $7,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,295 |
| Insurance | $21,383 |
| All other expenses | $298,743 |
| Total functional expenses | $2,079,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,049 |
| 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 | $1,765 |
| Net Land, buildings, and equipment | $2,209,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,508,726 |
| Total assets | $4,314,732 |
| Accounts payable and accrued expenses | $257,586 |
| Grants payable | $0 |
| Deferred revenue | $131,423 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $200,000 |
| Secured mortgages and notes payable | $1,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,942 |
| Total liabilities | $2,119,951 |
| Net assets without donor restrictions | $0 |
| 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 | $4,314,732 |