Totals
- Total revenue
- $215,266
- Total expenses
- $171,082
- Contributions and grants received
- $221,426
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$6,160
- Total assets, end of year
- $751,705
- Total liabilities, end of year
- $41,873
- Net assets or fund balances, end of year
- $709,832
- Program services expenses (Part IX)
- $116,612
- Management and general expenses
- $30,670
- Fundraising expenses
- $23,800
- Program service expenses (Part III)
- $116,612
Program services were 68.2% 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
$45,167
-
1f · All other contributions, gifts and grants
$176,259
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$45,167
-
8b · Fundraising events: direct expenses
$8,511
-
8c · Net income from fundraising events
total -$8,511 · excluded -$8,511
-
11a · Other revenue: OTHER INCOME
total $2,351 · related or exempt $2,351
-
11e · Other revenue, total
$2,351
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $70,000 · program services $23,800 · management and general $22,400 · fundraising $23,800
-
11c · Fees: accounting
total $1,410 · program services $1,410
-
13 · Office expenses
total $847 · management and general $847
-
14 · Information technology
total $1,250 · management and general $1,250
-
22 · Depreciation, depletion and amortization
total $1,653 · program services $1,653
-
23 · Insurance
total $1,161 · management and general $1,161
-
24a · Other expenses: PROJECT EXPENSES
total $65,273 · program services $65,273
-
24b · Other expenses: BAD DEBT
total $24,476 · program services $24,476
-
24c · Other expenses: MISCELLANEOUS
total $5,012 · management and general $5,012
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $508,962 · end of year $357,443
-
4 · Accounts receivable
beginning of year $23,869
-
10a · Land, buildings and equipment: cost or other basis
$122,060
-
10b · Land, buildings and equipment: accumulated depreciation
$4,133
-
10c · Land, buildings and equipment, net
beginning of year $119,580 · end of year $117,927
-
13 · Investments: program-related
beginning of year $82,609 · end of year $276,335
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $1,357
-
19 · Deferred revenue
beginning of year $69,372 · end of year $40,516
-
27 · Net assets without donor restrictions
beginning of year $561,175 · end of year $644,704
-
28 · Net assets with donor restrictions
beginning of year $104,473 · end of year $65,128
Mission and programs · 2023
Mission
INDY GATEWAY WAS CREATED FOR AND ITS PRIMARY OBJECTIVE IS TO IMPROVE ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT. THE PURPOSES INCLUDE PROMOTING ECONOMIC GROWTH, INCREASING OPPORTUNITIES FOR THE REVITALIZATION OF NEIGHBORHOODS, AND MAKING THE WEST SIDE OF INDIANAPOLIS A PLACE WHERE FAMILIES WANT TO LIVE, WORK AND PLAY.
-
AFFORDABLE HOUSING INDY GATEWAY CONTINUES TO BUILD DESPITE SLOWDOWNS IN BUILDING SCHEDULES. THE PROGRAM CONTINUES AND WE ARE CURRENTLY BUILDING A HOUSE AT 315 VINE AND THE AREA 31 CONSTRUCTION TRADES STUDENT STARTED BACK UP THEIR BUILDING AT 307 VINE. IN ADDITION, WE ACQUIRED 2710 TAFT AVENUE FROM US BANK FOR CLOSING COSTS AND THEY PROVIDED A DONATION TO ASSIST IN THE DEMO OF THE HOUSE AS IT IS UNSALVAGEABLE IN ITS CURRENT STATE. WE ARE PLANNING ON PUTTING ALL THESE HOUSES ON THE MARKET BY THE END OF 2024 FOR QUALIFIED HOMEBUYERS AND TURN THESE AREA LIABILITIES INTO TAX GENERATING PROPERTIES THAT WILL BENEFIT OUR LOCAL ENTITIES AND IMPROVE THE NEIGHBORHOOD AND BUILT IN FEDERALLY DESIGNATED LOW AND MODERATE-INCOME AREAS. THE OBJECTIVE WAS TO BUILD AND FINISH VINE, BUT MANY FACTORS CAUSED ITS DELAY.
Expenses $116,612
-
INDY GATEWAY BOARD OF DIRECTORS APPROVED FUNDING FOR PROFESSIONAL SERVICES FOR THE DESIGN OF A CHAPEL ROCK TRAILHEAD. THIS PROJECT IS A PARTNERSHIP WITH CHAPEL ROCK CHRISTIAN CHURCH AND THE B&O TRAIL ASSOCIATION (BOTA). THE PLAN WILL COMPLEMENT THE DEVELOPMENT TAKING PLACE THROUGH THE NEXT LEVEL TRAIL GRANT AWARDED BY THE STATE OF INDIANA TO THE B&O TRAIL ASSOCIATION AND PROVIDE FOR THE FOLLOWING:- TRAIL NODE AND PAVED PATH CONNECTION ON BOTA PROPERTY (PATH NOT COVERED UNDER NEXT LEVEL TRAIL GRANT)- TRAILHEAD PLAZA AND PATH CONNECTION ON CHURCH PROPERTY- TRAILHEAD IDENTITY SIGN- DIRECTIONAL SIGN AT CHURCH ENTRY AREASFUNDING FOR CONSTRUCTION IS BEING RAISED AND SOME DONATIONS WERE REALIZED IN 2023. THE PLAN ALSO PREPARES THE SITE FOR FUTURE TRAILHEAD EXPANSION TO INCLUDE A SHELTER AND ADDITIONAL AMENITIES SUCH AS MORE SEATING, LITTER RECEPTACLE AND BIKE RACKS.BOTA WILL HAVE THE FINAL BIDS EARLY 2024 WITH CONSTRUCTION PLANNED FOR THE TRAIL IN LATE 2024. THIS DESIGN WILL BE PART OF THE CONSTRUCTION BID PACKAGE WITH BOTA AS AN "ADD ON" AS IT IS NOT COVERED BY THE NEXT LEVEL TRAIL GRANT FUNDS THAT BOTA HAS RECEIVED.THE OBJECTIVE WAS TO BEGIN DESIGN AND START RAISING FUNDS FOR THE CONSTRUCTION OF THE TRAILHEAD. EXPENSES IN 2023 WERE PAID FROM OUR CARRIER FUND.
-
OUR THIRD OBJECTIVE WAS SHELTON HEIGHTS PARK FUNDRAISING FOR CONTINUED MAINTENANCE OF THE PARK. THE PINTS FOR PARK EVENT WAS HELD IN SEPTEMBER.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Troy BrosseauTROY BROSSEAU
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey K ButtsJEFFREY K BUTTS
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Guy FinnGUY FINN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Renee PackRENEE PACK
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michelle BodemMICHELLE BODEM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy BrownTIMOTHY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd M CookTODD M COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Inez EvansINEZ EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jared EvansJARED EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard JosephRICHARD JOSEPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John Wesly PapabathiniJOHN WESLY PAPABATHINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard ProctorRICHARD PROCTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew J PrusieckiMATTHEW J PRUSIECKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris PryorCHRIS PRYOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth RovazziniELIZABETH ROVAZZINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan WeinzapfelJONATHAN WEINZAPFEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caitlin WithersCAITLIN WITHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa BentleyLISA BENTLEY
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 25
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412149349301306
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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