Partners In Housing Development Corporation

Organization Overview

Partners In Housing Development Corporation is located in Indianapolis, IN. The organization was established in 1994. 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 12/2021, Partners In Housing Development Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners In Housing 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 12/2021, Partners In Housing Development Corporation generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PARTNERS IN HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED AS AN INDIANA NOT-FOR-PROFIT CORPORATION IN NOVEMBER 1993. THE MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE PEOPLE WHO MOST NEED A STABLE PLACE TO LIVE, WHILE GIVING THEM SUPPORT AND A CHANCE TO REACH THEIR HIGHEST LEVEL OF SELF-SUFFICIENCY. TO MEET THESE OBJECTIVES, THE CORPORATION'S ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND CONSTRUCTION OF REAL PROPERTY FOR LOW INCOME HOUSING AND TO PROVIDE SUPPORTIVE SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AT DECEMBER 31, 2021, THE CORPORATION OWNED OR OPERATED THE FOLLOWING LOW INCOME HOUSING PROJECTS AND SUPPORT PROGRAMS:BURTON II, 23 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK APARTMENTS, 106 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERMOZINGO PLACE, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDBLUE TRIANGLE APTS, SPECIAL NEEDS, INDIANAPOLIS, IN- WHOLLY OWNEDGUERIN PLACE APTS., 19 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDLINWOOD APARTMENTS, 28 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDST. GEORGE APTS, 58 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDFALL CREEK, 50 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERGLENMOOR, 24 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - 33.33% PARTNERAPPERSON WAY, 69 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERBLUE-MOZINGO, 72 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERTRIPLE P APARTMENTS, 87 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK, L.P., SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDTHE POINT ON FALL CREEK, 59 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNER


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Baird
Chairman/treasurer
$0
Walter Freihofer
Vice Chairman/secretary
$0
Kathleen Lara
Director
$0
Janine Betsey
Director
$0
Kathy Overbey
Director
$0
Wendy Brewer
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,747,239
All other contributions, gifts, grants, and similar amounts not included above$462,114
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,209,353
Total Program Service Revenue$485,735
Investment income $124,760
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $2,710,843

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Partners In Housing Development Corporation has recieved totaling $121,562.

Awarding OrganizationAmount
Indianapolis Neighborhood Housing Partnership Inc

Indianapolis, IN

PURPOSE: CORE OPERATING SUPPORT

$110,000
Eugene And Marilyn Glick Foundation Corporation

Indianapolis, IN

PURPOSE: SUPPORT PROGRAM

$7,500
Nicholas H Noyes Jr Memorial Foundation Inc

Carmel, IN

PURPOSE: ANNUAL SUPPORT

$4,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$62
View Grant Recipient Profile

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