Form 990 for tax year 2022

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue

$202,697 →changed to $392,714

Total expenses

$307,712 →changed to $405,573

Investment income

-$19,890 →changed to $82,602

Other revenue

$13,313 →changed to $100,838

Fundraising expenses

-$64,799 →changed to $33,062

Totals

Total revenue

$392,714

Total expenses

$405,573

Contributions and grants received

$209,274

Grants paid

$22,197

Program service revenue

$0

Investment income

$82,602

Other revenue

$100,838

Total assets, end of year

$773,426

Total liabilities, end of year

$602,167

Net assets or fund balances, end of year

$171,259

Program services expenses (Part IX)

$249,980

Management and general expenses

$122,531

Fundraising expenses

$33,062

Program service expenses (Part III)

$249,980

Program services were 61.6% 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.

Mission and programs · 2022

• 2022 COMMUNITY AWARENESS PROGRAMS WERE FOCUSED ON SHARING NEWS AND RESOURCES RELATED TO COVID-19, RELIEF RESOURCES, EVICTION RELIEF, GRANT AVAILABILITY, FOOD ACCESS INFORMATION, COMMUNITY DEVELOPMENT AND NEIGHBORHOOD PLANNING INFORMATION. MIDTOWN INDY SHARES NEWS AND INFORMATION THROUGH THREE MEDIUMS: 1) A PRINTED MAGAZINE MAILED FREE OF CHARGE SIX TIMES A YEAR TO OVER 23,000 HOMES IN THE MIDTOWN COMMUNITY; 2) A BI-WEEKLY EMAIL NEWSLETTER SENT TO OVER 5,000 SUBSCRIBERS; 3) MULTIPLE SOCIAL MEDIA PLATFORMS INCLUDING FACEBOOK, INSTAGRAM, TWITTER, LINKEDIN, AND NEXTDOOR. FURTHER EFFORTS INCLUDED OUTREACH AND ENGAGEMENT IN COMMUNITY EVENTS INCLUDING JUNETEENTH, MOVIES IN THE PARK, IPS REBUILDING STRONGER MEETINGS, AND MANY MORE. THIS WORK ALSO INVOLVED THE LAUNCH OF NEW CONVENING EFFORT FOCUSED ON THE ENGAGEMENT WITH KEYSTONE MONON NEIGHBORHOOD STAKEHOLDERS AND PARTNERS TO LISTEN TO COMMUNITY NEEDS TO HELP CONVEY INFORMATION AND GUIDE THE COMMUNITY IN THE DEVELOPMENT OF A CERTIFIED NEIGHBORHOOD PLAN. THIS EFFORT INCLUDED VIRTUAL AND IN PERSON MEETINGS, MAILINGS TO STAKEHOLDERS AND MEETINGS WITH COMMUNITY AND CITY LEADERS.

  Expenses $99,098

• BUILDING ON WORK FROM PREVIOUS YEARS, MIDTOWN CONTINUED EFFORTS IN 2022 RELATED TO STAKEHOLDER ENGAGEMENT AND PREDEVELOPMENT AT SEVERAL KEY SITES, PRINCIPALLY IN THE ONE SQUARE MILE AREA SURROUNDING 38TH AND ILLINOIS STREET AS PART OF THE LOCAL INITIATIVE SUPPORT CORPORATION'S GREAT PLACES 2020 PROGRAM TO REVITALIZE SPECIFIC NEIGHBORHOODS IN THE CITY. ACTIVITIES AND RELATED EXPENSES INCLUDED ONGOING ENGAGEMENT WITH AREA PROPERTY OWNERS, KEY COMMUNITY SERVING ORGANIZATIONS AND RESIDENTS. THIS WORK INCLUDED ADMINISTRATION OF FAADE GRANTS FOR EXISTING LOCAL AREA BUSINESSES, AS WELL AS APPLICATION ASSISTANCE FOR 3 ADDITIONAL FAADE APPLICATIONS. IN ADDITION, WE CONDUCTED TARGETED ENGAGEMENT RELATED TO PEDESTRIAN SAFETY AND CONNECTIVITY ALONG THE MAIN COMMERCIAL CORRIDOR IN THE FOCUS AREA, 38TH STREET, WHERE WE CONDUCTED AN AUDIT ASSESSMENT OF ALL PEDESTRIAN INFRASTRUCTURE ALONG 3TH STREET FROM THE INDIANA STATE FAIRGROUNDS TO NEWFIELDS. THIS AUDIT INFORMATION WAS SHARED WITH THE COMMUNITY AND WITH CITY LEADERS TO URGE CORRECTIVE ACTION. ADDITIONAL EFFORTS FOCUSED ON MERIDIAN STREET, CAPITAL AVENUE, ILLINOIS, KENWOOD, AND OTHER KEY CONNECTING STREETS WHICH FEED INTO 38TH. WE PRODUCED THE SECOND ANNUAL JUNETEENTH CELEBRATION AT TARKINGTON PARK WHICH HOSTED OVER 300 COMMUNITY MEMBERS. OTHER PROGRAMS AND ACTIVITIES INCLUDED THE CONTINUED DEVELOPMENT AND CONSTRUCTION OF PARKSIDE AT TARKINGTON AN AFFORDABLE SENIOR HOUSING PROJECT TO BE LOCATED AT 3901 N MERIDIAN STREET. THE PROJECT COMPLETED CONSTRUCTION IN DECEMBER OF 2022 TRANSFORMING A VACANT FORMER OFFICE BUILDING INTO A 60 UNIT SENIOR HOUSING PROJECT WITH COMMUNITY FOCUSED COMMERCIAL SERVICES ON THE FIRST FLOOR. ADDITIONAL EFFORTS INCLUDED ADVOCACY FOR THE DEVELOPMENT OF A MULTIPURPOSE ATHLETIC FIELD IN TARKINGTON PARK TO SERVE LOCAL YOUTH TEAMS AND COMMUNITY MEMBERS.

  Expenses $74,530

• 46TH & COLLEGE: MIDTOWN INDY ENTERED INTO A PURCHASE AGREEMENT IN 2021 TO PURCHASE IN 2022, A LONG VACANT FORMER GAS STATION SITE LOCATED AT 4566 N. COLLEGE AVENUE. EARLY ENVIRONMENTAL ASSESSMENTS BEGAN IN 2021 AHEAD OF THE ANTICIPATED CLOSING. 2022 PROGRAM INVESTMENTS INCLUDED SITE EVALUATION FOR TRANSIT ORIENTED DEVELOPMENT IN SUPPORT OF MIXED INCOME AND MIXED-USE HOUSING AND COMMUNITY SERVING RETAIL. A VENDOR WAS HIRED TO CONDUCT MASSING AND FEASIBILITY STUDIES FOR THE REDEVELOPMENT OF THE SITE. FURTHER, EFFORTS INCLUDED COORDINATION WITH THE INDIANA DEPARTMENT OF ENVIRONMENTAL MANAGEMENT (IDEM), ON THE REVISION OF AN ENVIRONMENTALLY RESTRICTIVE COVENANT TO PERMIT FUTURE RESIDENTIAL DEVELOPMENT. PRIMARY EXPENSES INVOLVED THE DOWN PAYMENT AND CLOSING FEES FOR THE PROPERTY'S ACQUISITION, REAL ESTATE TAXES, LEGAL FEES, INTEREST PAYMENTS ON THE LOAN SECURED TO ACQUIRE THE PROPERTY, VENDOR PAYMENTS FOR ENVIRONMENTAL TESTING AND ARCHITECTURAL FEASIBILITY ASSESSMENTS. 42ND & COLLEGE: MIDTOWN INDY IN PARTNERSHIP WITH KID'S DANCE OUTREACH (KDO) WORKED WITH THE CITY OF INDIANAPOLIS TO EVALUATE THE ACQUISITION AND POTENTIAL REDEVELOPMENT OF TWO UNDERUTILIZED PROPERTIES OWNED BY THE CITY OF INDIANAPOLIS LOCATED AT 4201 AND 4155 N. COLLEGE AVENUE. THE WORK AND PROGRAM EXPENSES CENTERED AROUND FEASIBILITY ANALYSIS FOR THE REDEVELOPMENT OF THE SITES CONSISTENT WITH EQUITABLE TRANSIT ORIENTED DEVELOPMENT WITH A FOCUS ON AFFORDABLE HOUSING, AND NONPROFIT OFFICE SPACES. A VENDOR WAS HIRED TO EVALUATE THE DEVELOPMENT FEASIBILITY AND TO RECOMMEND REZONING OF THE SITES TO SUPPORT THEIR REDEVELOPMENT. FURTHER OUTREACH TO PROSPECTIVE DEVELOPMENT PARTNERS OCCURRED TO EVALUATE THE FEASIBILITY AND TIMING FOR APPLICATION FOR LOW INCOME HOUSING TAX CREDITS.

  Expenses $64,799

• PARK WEST - ACTIVITIES INCLUDE THE CONTINUED PREDEVELOPMENT OF THE PROJECT IN PARTNERSHIP WITH THE CONTRACT BUYERS, AND THE BUYER'S FINAL PAYOFF OF THE SELLER FINANCING TO ACQUIRE THE BUILDING. TARKINGTON PARK - EFFORTS INCLUDED ONGOING PROGRAM PLANNING FOR THE PARK AND CONTINUED OPERATIONS ASSISTANCE OF THE PARK IN CONCERT WITH PARTNERS AT THE PARKS ALLIANCE OF INDIANAPOLIS AND THE MARTIN LUTHER KING COMMUNITY CENTER. INCLUDING THE PRODUCTION OF THE 2ND ANNUAL JUNETEENTH CELEBRATION AND FALL MOVIES IN THE PARK. HOLIDAY HOME TOUR - THE 12TH ANNUAL HOME TOUR. THE EVENT HIGHLIGHTED, NOTABLE HOMES IN THE MIDTOWN COMMUNITY DECORATED FOR THE HOLIDAYS. THE TOUR HIGHLIGHTED THE SIGNIFICANCE OF THE HOMES' BUILDERS, FAMILIES AND THEIR IMPACT ON INDUSTRY, LITERATURE, AND SHARED THE HOLIDAY SPIRIT THROUGH THE BENEFIT OF LOCAL DECORATORS WHO HELP PREPARE THE HOMES. AN ESTIMATED 1200 VISITORS ATTENDED THE EVENT. MIDTOWN MAGAZINE - IN 2022 MIDTOWN INDY ASSUMED OPERATIONS OF MIDTOWN MAGAZINE AFTER RECEIVING IT VIA DONATION IN 2021. THE MAGAZINE SERVES HOMES, BUSINESSES, AND PUBLIC PLACES WITHIN OUR SERVICE GEOGRAPHY. THE DONOR AND PRIOR PUBLISHER PUBLISHED THE FINAL TWO ISSUES IN 2021 IN PARTNERSHIP WITH MIDTOWN INDY AND IN 2022 THE MAGAZINE TRANSITIONED TO MIDTOWN INDY FULL TIME. THE PUBLICATION HIGHLIGHTS LOCAL BUSINESSES, ORGANIZATIONS, AND NEIGHBORHOODS. UTILIZING COMMUNITY-BASED WRITERS, STUDENTS, AND LOCALLY BASED GUEST COLUMNISTS, THE PUBLICATION SERVES AS UNIFY VOICE IN THE MIDTOWN COMMUNITY AND IS MAILED TO OVER 23,000 HOMES FREE OF CHARGE 6 TIMES A YEAR. MIDTOWN MAGAZINE PROGRAM EXPENSES ARE NOW PART OF THE COMMUNITY AWARENESS PROGRAM NOTED ABOVE. MIDTOWN ANCHOR COALITION (MAC): IN AN EFFORT TO MAINTAIN INSTITUTIONAL ENGAGEMENT IN THE MIDTOWN INITIATIVE, MIDTOWN CONTINUED ITS COLLABORATION WITH KEY INSTITUTIONAL STAKEHOLDERS AS PART OF THE MIDTOWN ANCHOR COALITION. THE MIDTOWN ANCHOR COALITION (MAC) IS COMPRISED OF SIX OF INDIANAPOLIS' OLDEST AND MOST IMPORTANT ANCHOR INSTITUTIONS TOGETHER WITH KEY COMMUNITY PARTNERS. MAC MEMBERS INCLUDE: BUTLER UNIVERSITY, BUTLER-TARKINGTON NEIGHBORHOOD ASSOCIATION, CHRISTIAN THEOLOGICAL SEMINARY, CITIZENS ENERGY GROUP, CROWN HILL HERITAGE FOUNDATION, INDIANAPOLIS MUSEUM OF ART, INTERNATIONAL SCHOOL OF INDIANA, AND MIDTOWN INDIANAPOLIS, INC. TOGETHER, THESE ORGANIZATIONS EMPLOY OVER 2,000 PEOPLE, OWN 1,100 ACRES OF LAND AND OVER THREE MILLION SQUARE FEET OF FACILITIES, SPEND OVER $117 MILLION ANNUALLY ON GOODS AND SERVICES, AND ATTRACT OVER 1.1 MILLION VISITORS ANNUALLY. WHILE THEY SHARE A COMMON GEOGRAPHY NORTHWEST OF DOWNTOWN INDIANAPOLIS, MORE IMPORTANTLY THIS COALITION SHARES A COMMITMENT TO ENHANCING THE COLLECTIVE ASSETS OF MIDTOWN INDIANAPOLIS AS A PREMIER DESTINATION TO LIVE, WORK, VISIT, AND LEARN IN THE CENTRAL INDIANA REGION.

  Expenses $11,553 · Grants $22,197

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

• PRESIDENTIAL PROPERTIES LLC

  $7,500

  PANDEMIC RELEIF AND TECHNICAL CAPACITY BUILDING SUPPORT

Provenance

Return type

form_990

Tax year

2022

Filed

20 March 2024

IRS schema version

2022v5.0

Source object

202410819349301216

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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