Englewood Community Development Corporation
- Assets
- $30.2m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 51
- Location
- Indianapolis, IN
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 35-2003744
Organization Overview
Englewood Community Development Corporation is located in Indianapolis, IN. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Englewood Community Development Corporation employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Englewood 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, Englewood Community Development Corporation generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $8.1m during the year ending 12/2023. While expenses have increased by 22.7% 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
ENGLEWOOD COMMUNITY DEVELOPMENT CORPORATION STRIVES TO NURTURE AND EMBODY LOVE OF NEIGHBOR IN THE AREAS OF AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, AND COMPREHENSIVE COMMUNITY DEVELOPMENT ON THE NEAR EASTSIDE OF INDIANAPOLIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING - ECDC IS A COMMITTED PARTNER AND LEADER IN A VARIETY OF PLACE-BASED, COMPREHENSIVE COMMUNITY DEVELOPMENT INITIATIVES.
COLLECTIVE IMPACT - ECDC IS A COMMITTED PARTNER AND LEADER IN A VARIETY OF PLACE-BASED, COMPREHENSIVE COMMUNITY DEVELOPMENT INITIATIVES. NEIGHBORING (OR COMMUNITY ENGAGEMENT) - ECDC STRIVES TO IMPROVE THE QUALITY OF LIFE FOR ITS NEIGHBORS, BOTH YOUTH AND ADULTS, THROUGH FITNESS, WORK, PLAY, HANDS-ON LEARNING OPPORTUNITIES, ACCESS TO HIGH-QUALITY SCHOOLS AND FAMILY SUPPORT.
ECONOMIC DEVELOPMENT - ECDC HAS FOCUSED ON THE DEVELOPMENT OF VACANT AND OCCUPIED PROPERTIES WITHIN THE ENGLEWOOD NEIGHBORHOOD, FOR USE AS RENTAL, HOMEOWNERSHIP, AND COMMERCIAL USE. GRANT FUNDED CONSTRUCTION EXPENDITURES HAVE BEEN CAPITALIZED.
CONGREGATIONAL ENGAGEMENT - ECDC WORKS WITH CONGREGATIONS IN INDIANAPOLIS AND ACROSS NORTH AMERICA WHO DESIRE TO CULTIVATE A DEEPER LIFE TOGETHER THAT OVERFLOWS INTO TANGIBLE LOVE FOR THE COMMUNITIES IN WHICH THEY ARE EMBEDDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Adams President | OfficerTrustee | 3 | $0 |
Ted Burks Treasurer | OfficerTrustee | 3 | $0 |
Laretta Benjamin Secretary | OfficerTrustee | 3 | $0 |
Humberto Ramirez Director | Trustee | 3 | $0 |
Curtis Kester Director | Trustee | 3 | $0 |
Anthony Jackson Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Volumod Indy Llc Construction | 12/30/23 | $799,838 |
Danny W Mccarty Waynes Construction Llc Construction | 12/30/23 | $130,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $17,456 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,677,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,928,970 |
| Total Program Service Revenue | $1,819,341 |
| Investment income | $19,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,839,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $55,304 |
| Compensation of current officers, directors, key employees. | $26,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $971,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,049 |
| Payroll taxes | $82,386 |
| 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 | $226,233 |
| Advertising and promotion | $0 |
| Office expenses | $134,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,863,748 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $254,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,652 |
| Insurance | $109,419 |
| All other expenses | $0 |
| Total functional expenses | $8,085,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,123,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,468,454 |
| Accounts receivable, net | $1,549,943 |
| 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 | $23,289 |
| Net Land, buildings, and equipment | $5,705,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,745 |
| Other assets | $16,328,583 |
| Total assets | $30,208,001 |
| Accounts payable and accrued expenses | $2,396,986 |
| Grants payable | $0 |
| Deferred revenue | $1,262,255 |
| 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 | $6,905,744 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $833,636 |
| Total liabilities | $11,398,621 |
| Net assets without donor restrictions | $18,809,380 |
| 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 | $30,208,001 |