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Nonprofiteer
← INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP INC

Form 990 for tax year 2024

Filed by INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP INC.

Totals

Total revenue
$24,752,853
Total expenses
$20,125,329
Contributions and grants received
$16,424,205
Grants paid
$3,048,920
Program service revenue
$901,021
Investment income
$7,413,998
Other revenue
$13,629
Total assets, end of year
$98,578,664
Total liabilities, end of year
$34,245,589
Net assets or fund balances, end of year
$64,333,075
Program services expenses (Part IX)
$17,156,853
Management and general expenses
$2,358,557
Fundraising expenses
$609,919
Program service expenses (Part III)
$17,156,853

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $200,972

  • 1e · Government grants (contributions)

    $2,912,975

  • 1f · All other contributions, gifts and grants

    $13,310,258

  • 1g · Noncash contributions included above

    $1,156

  • 2a · Program service revenue: LOAN RECEIVABLE INTEREST INCOME

    total $728,896 · related or exempt $728,896

  • 2b · Program service revenue: LOAN FEE INCOME

    total $108,620 · related or exempt $108,620

  • 2c · Program service revenue: FEE INCOME

    total $17,563 · related or exempt $17,563

  • 2d · Program service revenue: COUNSELING FEE INCOME

    total $13,225 · related or exempt $13,225

  • 2e · Program service revenue: CREDIT REPORT FEE INCOME

    total $32,717 · related or exempt $32,717

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,557,959 · excluded $1,557,959

  • 6a · Gross rents

    real property $351,661

  • 6b · Less rental expenses

    real property $182,908

  • 6c · Rental income or loss

    real property $168,753 · personal property $0

  • 6d · Net rental income or loss

    total $168,753 · unrelated business -$117,296 · excluded $286,049

  • 7a · Gross sales of assets other than inventory

    securities $23,587,439 · other assets $12,721,991

  • 7b · Less cost or other basis and sales expenses

    securities $23,495,194 · other assets $6,958,197

  • 7c · Gain or loss

    securities $92,245 · other assets $5,763,794

  • 7d · Net gain or loss

    total $5,856,039 · related or exempt $3,977,900 · excluded $1,878,139

  • 8a · Fundraising events: gross income

    $9,540

  • 8a · Fundraising events: contributions included on line 1c

    $200,972

  • 8b · Fundraising events: direct expenses

    $164,664

  • 8c · Net income from fundraising events

    total -$155,124 · excluded -$155,124

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,088,298 · program services $1,088,298

  • 2 · Grants to domestic individuals

    total $1,960,622 · program services $1,960,622

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,594,557 · program services $789,872 · management and general $584,141 · fundraising $220,544

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $3,683,594 · program services $2,755,265 · management and general $709,142 · fundraising $219,187

  • 8 · Pension plan contributions

    total $147,267 · program services $120,898 · management and general $20,257 · fundraising $6,112

  • 9 · Other employee benefits

    total $434,247 · program services $333,679 · management and general $64,504 · fundraising $36,064

  • 10 · Payroll taxes

    total $360,422 · program services $229,217 · management and general $102,431 · fundraising $28,774

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $103,697 · program services $51,258 · management and general $46,247 · fundraising $6,192

  • 11c · Fees: accounting

    total $102,322 · program services $6,720 · management and general $95,602 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $88,833 · program services $503 · management and general $86,670 · fundraising $1,660

  • 11g · Fees: other

    total $846,573 · program services $723,254 · management and general $103,211 · fundraising $20,108

  • 12 · Advertising and promotion

    total $364,082 · program services $290,687 · management and general $34,995 · fundraising $38,400

  • 13 · Office expenses

    total $42,460 · program services $33,132 · management and general $4,688 · fundraising $4,640

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $170,906 · program services $126,604 · management and general $44,302 · fundraising $0

  • 17 · Travel

    total $25,209 · program services $8,772 · management and general $14,752 · fundraising $1,685

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $23,751 · program services $17,034 · management and general $2,889 · fundraising $3,828

  • 20 · Interest

    total $433,105 · program services $433,105 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $528,000 · program services $226,034 · management and general $293,430 · fundraising $8,536

  • 23 · Insurance

    total $100,597 · program services $43,190 · management and general $57,407 · fundraising $0

  • 24a · Other expenses: COST OF REAL ESTATE SOLD

    total $5,006,417 · program services $5,006,417 · management and general $0 · fundraising $0

  • 24b · Other expenses: RETURN OF GRANT

    total $2,000,000 · program services $2,000,000 · management and general $0 · fundraising $0

  • 24c · Other expenses: PROVISION MARK TO MARKET REAL ESTATE

    total $234,500 · program services $234,500 · fundraising $0

  • 24d · Other expenses: REAL ESTATE CLOSING COSTS

    total $189,578 · program services $189,578 · fundraising $0

  • 24e · All other expenses

    total $596,292 · program services $488,214 · management and general $93,889 · fundraising $14,189

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $27,438,371 · end of year $27,360,006

  • 3 · Pledges and grants receivable

    beginning of year $517,551 · end of year $171,125

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $21,017,578 · end of year $22,656,677

  • 9 · Prepaid expenses and deferred charges

    beginning of year $194,440 · end of year $144,429

  • 10a · Land, buildings and equipment: cost or other basis

    $2,417,960

  • 10b · Land, buildings and equipment: accumulated depreciation

    $459,469

  • 10c · Land, buildings and equipment, net

    beginning of year $1,691,127 · end of year $1,958,491

  • 11 · Investments: publicly traded securities

    beginning of year $14,097,580 · end of year $11,773,258

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $14,981,637 · end of year $11,717,827

  • 15 · Other assets

    beginning of year $14,264,870 · end of year $22,796,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $887,019 · end of year $1,816,410

  • 19 · Deferred revenue

    beginning of year $1,127,290 · end of year $50,100

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $31,828,697 · end of year $31,791,634

  • 25 · Other liabilities

    beginning of year $1,037,780 · end of year $587,445

  • 27 · Net assets without donor restrictions

    beginning of year $46,589,892 · end of year $54,357,263

  • 28 · Net assets with donor restrictions

    beginning of year $12,732,476 · end of year $9,975,812

Mission and programs · 2024

Mission

SEE STATEMENT IN SCHEDULE O

Activities or mission (Part I)

to create affordable housing solutions for people with low and moderate incomes, and collaborate to enhance the quality of life in Indianapolis neighborhoods.

  • 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, 1,317 FAMILIES GRADUATED FROM INHP EDUCATION CLASS OFFERINGS, 212 UNIQUE HOUSEHOLDS BECAME MORTGAGE ELIGIBLE THROUGH THE HOMEWONERSHIP PREPARATION PROGRAM. INHP ORIGINATED 102 DIRECT FIRST AND SECOND MORTGAGE LOANS AND 98 CLIENTS CLOSED A FIRST MORTGAGE WITH PRIVATE SECTOR LENDERS. 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 2024, INHP ORIGINATED 44 FIRST MORTGAGES AND PROVIDED MORTGAGE ADVISING AND ACCESS TO CAPITAL FOR AN ADDITIONAL 98 FIRST MORTGAGE CLIENTS TO ACCESS PRIVATE SECTOR LENDER PARTNER PRODUCTS. FURTHER, INHP ORIGINATED 58 SECOND MORTGAGES FOR CLIENTS SO THEY COULD MAKE HOME REPAIRS OR OBTAIN DOWN PAYMENT ASSISTANCE. THIS REPRESENTS A TOTAL OF $25.1 MILLION IN FINANCING FOR LOW TO MODERATE INCOME FAMILIES.

    Expenses $8,929,531 · Grants $1,750,928 · Revenue $516,908

  • 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 747 AFFORDABLE HOUSING UNITS. SOME KEY ACCOMPLISHMENTS INCLUDE: - SOLD ONE PROPERTY IN OUR TOD LANDBANK TO A DEVELOPER FOR AFFORDABLE HOUSING - PROVIDED $2.6 MILLION IN COMMUNITY LOANS IMPACTING 230 AFFORDABLE HOUSING UNITS - DEVELOPED 13 NEW AFFORDABLE HOMES ACROSS INDIANAPOLIS

    Expenses $8,149,133 · Grants $1,297,992 · Revenue $4,362,013

  • POLICY AND RESEARCH SOLUTIONS: INHP SUPPORTS THE PROCUREMENT OF DATA AND RESEARCH FROM STATE, LOCAL AND NATIONAL RESEARCH ORGANIZATIONS REGARDING AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT. THE RESULTS OF THIS WORK INFORM OUR WORK AND IS SHARED BROADLY TO SUPPORT THE LOCAL KNOWLEDGE BASE RELATIVE TO THE DEMAND FOR AND SUPPLY OF AFFORDABLE HOUSING.

    Expenses $78,189

As filed on the 2024 return.

Listed in Part VII

  • DR DAWN HAUT

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • GINA MILLER

    PRESIDENT & CEO

    Total calculated
    $476,545
    From this org
    $435,533
    From related orgs
    $0
    Other
    $41,012
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $343,970
    Bonus
    $91,563
    Other
    $0
    Deferred
    $13,176
    Nontaxable benefits
    $27,836
    Filer's total
    $476,545

  • JUAN GONZALEZ

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • MARK KUGAR

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MARSHAWN WOLLEY

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • ANDY NINO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ARYN SCHOUNCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BILL BOWER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRUCE BAIRD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • COREY WILSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID HAMPTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEVON DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • J DANIEL PHILPOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER FULTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN HIRSCHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KIAMESHA-SYLVIA G COLOM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LACY DUBOSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LINDA BROADFOOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARY LISHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MEGAN SIMS WILMES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL FRITTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL K ASH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NICOLE LORCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SCOTT RANSBURG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JEFF CURIEL

    CFO & COO (END 10/24)

    Total calculated
    $262,734
    From this org
    $241,075
    From related orgs
    $0
    Other
    $21,659
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $199,703
    Bonus
    $41,372
    Other
    $0
    Deferred
    $8,528
    Nontaxable benefits
    $13,131
    Filer's total
    $262,734

  • Jeff Stumpf

    CFO & COO (Beg 11/24)

    Total calculated
    $33,369
    From this org
    $33,272
    From related orgs
    $0
    Other
    $97
    Hours/week
    45

  • JOSEPH HANSON

    CHIEF STRATEGY OFFICER

    Total calculated
    $319,383
    From this org
    $280,285
    From related orgs
    $0
    Other
    $39,098
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $238,519
    Bonus
    $41,766
    Other
    $0
    Deferred
    $9,608
    Nontaxable benefits
    $29,490
    Filer's total
    $319,383

  • TANYA SEARCY

    CHIEF RELATIONSHIP OFFICER (BEG 1/15/24)

    Total calculated
    $168,154
    From this org
    $155,611
    From related orgs
    $0
    Other
    $12,543
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,611
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,543
    Filer's total
    $168,154

  • TREVOR MEEKS

    VP HOMEOWNERSHIP INITIATIVES

    Total calculated
    $252,135
    From this org
    $222,744
    From related orgs
    $0
    Other
    $29,391
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $199,853
    Bonus
    $22,891
    Other
    $0
    Deferred
    $7,924
    Nontaxable benefits
    $21,467
    Filer's total
    $252,135

  • CHARLES MERCER

    DIRECTOR COMMUNITY LENDING

    Total calculated
    $167,845
    From this org
    $149,609
    From related orgs
    $0
    Other
    $18,236
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $139,684
    Bonus
    $9,925
    Other
    $0
    Deferred
    $5,315
    Nontaxable benefits
    $12,921
    Filer's total
    $167,845

  • JENNIFER MEEKER

    DIRECTOR HUMAN RESOURCES

    Total calculated
    $157,327
    From this org
    $150,848
    From related orgs
    $0
    Other
    $6,479
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $140,773
    Bonus
    $10,075
    Other
    $0
    Deferred
    $5,362
    Nontaxable benefits
    $1,117
    Filer's total
    $157,327

  • LAURIE JONES

    DIRECTOR HOMEOWNER DEVELOPMENT

    Total calculated
    $152,118
    From this org
    $132,884
    From related orgs
    $0
    Other
    $19,234
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $123,259
    Bonus
    $9,625
    Other
    $0
    Deferred
    $4,852
    Nontaxable benefits
    $14,382
    Filer's total
    $152,118

  • PATRICK E GOBLE

    DIRECTOR FINANCE

    Total calculated
    $182,595
    From this org
    $164,117
    From related orgs
    $0
    Other
    $18,478
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $154,242
    Bonus
    $9,875
    Other
    $0
    Deferred
    $5,940
    Nontaxable benefits
    $12,538
    Filer's total
    $182,595

  • TIM COXEY

    DIRECTOR MARKETING AND COMMUNICATIONS

    Total calculated
    $165,167
    From this org
    $146,159
    From related orgs
    $0
    Other
    $19,008
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $136,284
    Bonus
    $9,875
    Other
    $0
    Deferred
    $5,194
    Nontaxable benefits
    $13,814
    Filer's total
    $165,167

  • ROBERT EVANS

    FORMER EVP, GOVERNMENT & COMMUNITY (END 11/23)

    Total calculated
    $111,874
    From this org
    $111,874
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $111,874
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $111,874

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
The following individuals received severance payments in 2024: Robert Evans: $111,874 These amounts are reflected in Part II Column B(III) of Schedule J.
Schedule J, Part I, Line 7 Non-fixed payments
EACH YEAR MEASURABLE PERFORMANCE GOALS ARE APPROVED BY THE BOARD OF DIRECTORS. THE BOARD APPROVED PERFORMANCE GOALS ARE THE BASIS FOR THE INCENTIVE COMPENSATION. THE INCENTIVE COMPENSATION STRUCTURE IS ESTABLISHED BY THE COMPENSATION COMMITTEE BASED ON MARKET RESEARCH AND RECOMMENDATIONS FROM AN INDEPENDENT COMPENSATION CONSULTANT. PERFORMANCE RESULTS AND INCENTIVE COMPENSATION ARE APPROVED BY THE COMMITTEE PRIOR TO DISTRIBUTION. THE INCENTIVES ARE APPROVED BY THE COMPENSATION COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • INHPRI LLC

    Related · MORTGAGE POOL · IN · 99% owned · share of income $0 · share of assets $4,500,817

    Directly controlled by INHP

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • INHP RECEIVABLES I INC

    C Corporation · MORTGAGE POOL · IN · 100% owned · share of income -$16,620 · share of assets $0 · controlled entity

    Directly controlled by INHP

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.1
Source object
202542869349301689

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