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Nonprofiteer
← INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP INC

Form 990 for tax year 2022

Filed by INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP INC.

Totals

Total revenue
$18,655,764
Total expenses
$18,375,732
Contributions and grants received
$10,933,820
Grants paid
$1,901,559
Program service revenue
$638,545
Investment income
$7,318,554
Other revenue
-$235,155
Total assets, end of year
$84,984,091
Total liabilities, end of year
$23,126,060
Net assets or fund balances, end of year
$61,858,031
Program services expenses (Part IX)
$15,524,407
Management and general expenses
$2,264,836
Fundraising expenses
$586,489
Program service expenses (Part III)
$15,524,407

Program services were 84.5% 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

    $113,000

  • 1e · Government grants (contributions)

    $2,904,905

  • 1f · All other contributions, gifts and grants

    $7,915,915

  • 1g · Noncash contributions included above

    $3,378

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

    total $469,423 · related or exempt $469,423

  • 2b · Program service revenue: LOAN FEE INCOME

    total $98,695 · related or exempt $98,695

  • 2c · Program service revenue: FEE INCOME

    total $20,900 · related or exempt $20,900

  • 2d · Program service revenue: COUNSELING FEE INCOME

    total $13,500 · related or exempt $13,500

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

    total $36,027 · related or exempt $36,027

  • 3 · Investment income

    total $493,555 · excluded $493,555

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $69,714

  • 6b · Less rental expenses

    real property $157,669

  • 6c · Rental income or loss

    real property -$87,955 · personal property $0

  • 6d · Net rental income or loss

    total -$87,955 · unrelated business -$72,771 · excluded -$15,184

  • 7a · Gross sales of assets other than inventory

    securities $12,023,175 · other assets $12,183,743

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

    securities $12,365,279 · other assets $5,016,640

  • 7c · Gain or loss

    securities -$342,104 · other assets $7,167,103

  • 7d · Net gain or loss

    total $6,824,999 · related or exempt $7,043,795 · excluded -$218,796

  • 8a · Fundraising events: gross income

    $18,450

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

    $113,000

  • 8b · Fundraising events: direct expenses

    $165,650

  • 8c · Net income from fundraising events

    total -$147,200 · excluded -$147,200

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,617,169 · program services $1,617,169

  • 2 · Grants to domestic individuals

    total $284,390 · program services $284,390

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,659,762 · program services $1,061,342 · management and general $397,377 · fundraising $201,043

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,040,718 · program services $2,102,880 · management and general $706,893 · fundraising $230,945

  • 8 · Pension plan contributions

    total $123,869 · program services $84,851 · management and general $33,193 · fundraising $5,825

  • 9 · Other employee benefits

    total $376,557 · program services $250,010 · management and general $104,898 · fundraising $21,649

  • 10 · Payroll taxes

    total $303,152 · program services $183,917 · management and general $92,807 · fundraising $26,428

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $159,405 · program services $92,996 · management and general $65,639 · fundraising $770

  • 11c · Fees: accounting

    total $71,708 · program services $5,824 · management and general $65,884

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $75,220 · program services $162 · management and general $73,812 · fundraising $1,246

  • 11g · Fees: other

    total $1,310,870 · program services $834,745 · management and general $440,914 · fundraising $35,211

  • 12 · Advertising and promotion

    total $309,738 · program services $257,488 · management and general $36,665 · fundraising $15,585

  • 13 · Office expenses

    total $39,412 · program services $21,865 · management and general $2,640 · fundraising $14,907

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $171,556 · program services $98,690 · management and general $72,866

  • 17 · Travel

    total $20,280 · program services $4,785 · management and general $10,858 · fundraising $4,637

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $5,822 · program services $4,438 · management and general $591 · fundraising $793

  • 20 · Interest

    total $285,702 · program services $285,328 · management and general $374

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $154,259 · program services $125,789 · management and general $19,964 · fundraising $8,506

  • 23 · Insurance

    total $67,998 · program services $15,727 · management and general $52,271

  • 24a · Other expenses: PROVISION FOR LOAN LOSSES

    total -$427,441 · program services -$427,441

  • 24b · Other expenses: REAL ESTATE CLOSING COST

    total $498,612 · program services $498,612

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

    total $7,598,124 · program services $7,598,124

  • 24d · Other expenses: LOAN FEE EXPENSES

    total $152,153 · program services $152,153

  • 24e · All other expenses

    total $476,697 · program services $370,563 · management and general $87,190 · fundraising $18,944

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $424 · end of year $222

  • 2 · Savings and temporary cash investments

    beginning of year $25,092,736 · end of year $18,403,395

  • 3 · Pledges and grants receivable

    beginning of year $3,538,295 · end of year $549,962

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $19,080,469 · end of year $21,985,693

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $201,230 · end of year $153,193

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

    $2,724,240

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

    $2,088,616

  • 10c · Land, buildings and equipment, net

    beginning of year $593,286 · end of year $635,624

  • 11 · Investments: publicly traded securities

    beginning of year $17,622,355 · end of year $22,306,387

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $9,694,989 · end of year $9,595,951

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $13,793,023 · end of year $11,353,664

  • 17 · Accounts payable and accrued expenses

    beginning of year $804,153 · end of year $696,386

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,932,427 · end of year $410,533

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $23,531,091 · end of year $21,571,057

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $409,230 · end of year $448,084

  • 27 · Net assets without donor restrictions

    beginning of year $48,836,236 · end of year $48,299,506

  • 28 · Net assets with donor restrictions

    beginning of year $14,103,670 · end of year $13,558,525

Mission and programs · 2022

Mission

THE MISSION OF INHP IS TO INCREASE AFFORDABLE AND SUSTAINABLE HOUSING OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES, AND SERVE AS A CATALYST FOR THE DEVELOPMENT AND REVITALIZATION OF NEIGHBORHOODS. FOR MORE THAN 35 YEARS, INHP HAS INCREASED ACCESS TO AFFORDABLE HOUSING AND HOMEOWNERSHIP FOR MARION COUNTY FAMILIES, AND INVESTED IN COMMUNITY DEVELOPMENT ACTIVITIES THAT BENEFIT INDIANAPOLIS NEIGHBORHOODS. WE EMPOWER FAMILIES WHO HAVE LOW AND MODERATE INCOMES - THROUGH EDUCATION AND ONE-ON-ONE HOMEOWNERSHIP ADVISING - TO OVERCOME BARRIERS TO HOMEOWNERSHIP AND ACCESS MORTGAGE FINANCING. AT THE SAME TIME, INHP ALSO WORKS TO INCREASE THE OVERALL SUPPLY OF AFFORDABLE HOUSING. WE STRENGTHEN THE COMMUNITY DEVELOPMENT SYSTEM IN INDIANAPOLIS BY PROVIDING ACCESS TO CAPITAL, LEVERAGING TECHNICAL RESOURCES AND CAPACITY, GRANTMAKING, COMMISSIONING RESEARCH, AND PARTNERING WITH COMMUNITY-BASED HOUSING DEVELOPMENT ORGANIZATIONS. AS A SUPPORTING ORGANIZATION OF THE CITY OF INDIANAPOLIS AND THE UNITED WAY OF

Activities or mission (Part I)

INCREASE AFFORDABLE AND SUSTAINABLE HOUSING OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES AND SERVE AS A CATALYST FOR THE DEVELOPMENT AND REVITALIZATION OF NEIGHBORHOODS.

  • SOLUTIONS FOR CONSUMERS: WE WERE ABLE TO SUPPORT NEARLY 1,490 FAMILIES IN 2022 THROUGH AFFORDABLE HOUSING PROGRAMS AND SERVICES. SOME KEY ACHIEVEMENTS INCLUDE: 1,276 FAMILIES GRADUATED FROM INHP EDUCATION CLASS OFFERINGS. 149 CONSUMER MORTGAGE LOANS CLOSED THROUGH DIRECT OR LENDER PARTNERS FOR A TOTAL OF 22 MILLION IN FINANCING FOR LOW AND MODERATE INCOME FAMILIES. LAUNCHED TWO NEW CONSUMER LENDING MORTGAGE PRODUCTS. WE ALSO PROVIDE PEOPLE WITH LOW AND MODERATE INCOMES ACCESS TO LOAN PROGRAMS THROUGH INHP OR LENDER PARTNERS. INHP'S DIRECT LENDING PROGRAMS ARE AVAILABLE IN MARION COUNTY AND INCLUDE FIRST MORTGAGE ORIGINATIONS, DOWN PAYMENT ASSISTANCE, EMERGENCY REPAIR OR HOME IMPROVEMENT LOANS AND REFINANCE LOANS. INHP CREATED THE FIRST LOOK PROGRAM WHICH eliminates a common barrier for buyers with low and moderate incomes. INHP clients are often outbid on homes that fit their price range in the marketplace. To address this stressor, First Look was introduced for INHP developed homes for sale. The First Look Program allows clients, who are prequalified for a loan through INHP or have completed the Homebuyer Preparation Program, to view and bid on new, affordable homes in advance of the competition. INHP SUPPORTS NEIGHBORHOOD DEVELOPMENT AND REINVESTMENT OPPORTUNITIES BY PROVIDING RESPONSIVE AND TAILORED COMMUNITY LENDING OPTIONS THAT PRIMARILY YIELD THE CREATION OR PRESERVATION OF AFFORDABLE SINGLE-FAMILY AND MULTI-FAMILY HOUSING. INHP HAS INVESTED IN PEOPLE WITH LOW AND MODERATE INCOMES FOR 35 YEARS. WE'VE COMMITTED TO ENABLING PEOPLE TO BECOME AND REMAIN LONG-TERM, SUCCESSFUL HOMEOWNERS BY EQUIPPING THEM WITH KNOWLEDGE, FINANCIAL CAPABILITY, GUIDANCE, AND ACCESS TO AFFORDABLE MORTGAGE PROGRAMS THROUGH THE HOMEBUYING AND HOME REPAIR PROCESS. INDIVIDUALS AND FAMILIES WITH LOW AND MODERATE INCOMES ARE PREPARED FOR LONG-TERM SUCCESSFUL HOMEOWNERSHIP AS INHP EQUIPS THEM WITH THE KNOWLEDGE, FINANCIAL CAPABILITY AND GUIDANCE THEY NEED TO SUCCESSFULLY NAVIGATE THE HOMEBUYING PROCESS. IN 2022, INHP ORIGINATED 34 FIRST MORTGAGES FOR CLIENTS PURCHASING IN MARION COUNTY, INDIANA. INHP ALSO PROVIDED MORTGAGE ADVISING AND ACCESS TO CAPITAL FOR AN ADDITIONAL 90 FIRST MORTGAGE CLIENTS TO ACCESS PRIVATE SECTOR LENDER PARTNER PRODUCTS. INHP ALSO PROVIDES FINANCING OPTIONS TO ENABLE PEOPLE WITH LOW AND MODERATE INCOMES TO REPAIR THEIR HOMES IN MARION COUNTY. IN 2022, INHP ORIGINATED 25 SECOND MORTGAGES TO MAKE HOME REPAIRS. 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. OUR TEAM OF LICENSED MORTGAGE LOAN ORIGINATORS, WORKING DIRECTLY WITH THE CLIENTS, ENABLES THEM TO (A) CHOSE AN AFFORDABLE MORTGAGE FROM INHP OR THE PRIVATE SECTOR, (B) QUALIFY FOR THE MORTGAGE, AND (C) SUCCESSFULLY CLOSE ON A MORTGAGE TO PURCHASE THE HOME OF THEIR CHOICE. ADDITIONALLY, WE ORIGINATE SECOND MORTGAGES TO ENABLE EXISTING HOMEOWNERS WHO ARE LOW AND MODERATE INCOME TO REPAIR THEIR HOMES. IN 2022, WE ENABLED 149 HOUSEHOLDS TO PURCHASE OR REPAIR THEIR HOMES BY HELPING THEM ACCESS APPROXIMATELY $22 MILLION IN CAPITAL.

    Expenses $3,817,383 · Grants $246,890 · Revenue $462,268

  • SOLUTIONS FOR COMMUNITY: 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. IMPACTED 590 AFFORDABLE HOUSING UNITS. SOLD 5 PROPERTIES IN OUR LANDBANK TO DEVELOPERS FOR AFFORDABLE HOUSING AND WE PURCHASED 3 MORE SITES. PROVIDED $3.69 MILLION IN COMMUNITY LOANS FOR 9 PROJECTS. DEVELOPED 12 NEW AFFORDABLE HOMES ACROSS INDIANAPOLIS. $7.6 MILLION WAS INVESTED BY INHP INTO MARION COUNTY MINORITY CENSUS TRACTS DURING THE YEAR. ADDITIONALLY MORE THAN 1/2 OF INHP HOMES DEVELOPED IN 2022 WERE BUILT BY MINORITY CONTRACTORS. INHP TOOK A MEASURED BUT DELIBERATE APPROACH TO TRACKING AND ADVOCATING FOR POLICY ISSUES THAT ADDRESS THE AFFORDABLE HOUSING CHALLENGES OUR CLIENTS ARE EXPERIENCING. WE'RE TRUSTED WITH PHILANTHROPIC FUNDS TO STRATEGICALLY DEPLOY INTO OUR COMMUNITY TO POSITIVELY IMPACT THE AFFORDABLE HOUSING SYSTEM. INHP CREATED DEVELOPMENT AND REINVESTMENT OPPORTUNITIES BY PROVIDING COMMERCIAL LENDING PRODUCTS TO HELP RESPOND TO EACH NEIGHBORHOOD'S UNIQUE NEEDS. INHP PROVIDES FINANCING THAT SUPPORTS SITE ACQUISTION, CONSTRUCTION, BRIDGE OR PERMANENT DEBT THAT PRIMARILY YIELDS AFFORDABLE HOUSING.

    Expenses $11,439,220 · Grants $1,654,669 · Revenue $7,220,072

  • SOLUTIONS THROUGH POLICY AND RESEARCH: In the progression of our mission, our focus on homeownership has expanded to include strategies that preserve or increase the supply of affordable housing through community lending, housing development, land banking, grantmaking and rental property ownership. This means that the depth and breadth of policy issues at the local, state and federal levels impacting INHP and the people and neighborhoods we serve has increased significantly. To that end, we have taken a measured but deliberate approach to tracking and advocating for policy issues that address the affordable housing challenges our clients are experiencing.

    Expenses $267,804

As filed on the 2022 return.

Listed in Part VII

  • Moira Carlstedt

    PRESIDENT & CEO (END 10/22)

    Total calculated
    $351,311
    From this org
    $340,303
    From related orgs
    $0
    Other
    $11,008
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $278,803
    Bonus
    $61,500
    Other
    $0
    Deferred
    $10,231
    Nontaxable benefits
    $777
    Filer's total
    $351,311

  • Jeff Curiel

    CFO & COO

    Total calculated
    $272,334
    From this org
    $238,847
    From related orgs
    $0
    Other
    $33,487
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $206,047
    Bonus
    $32,800
    Other
    $0
    Deferred
    $7,940
    Nontaxable benefits
    $25,547
    Filer's total
    $272,334

  • Joseph Hanson

    EVP, STRATEGIC INITIATIVES

    Total calculated
    $269,136
    From this org
    $234,385
    From related orgs
    $0
    Other
    $34,751
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $201,585
    Bonus
    $32,800
    Other
    $0
    Deferred
    $8,243
    Nontaxable benefits
    $26,508
    Filer's total
    $269,136

  • Robert Evans

    EVP, GOVERNMENT & COMMUNITY

    Total calculated
    $256,675
    From this org
    $223,185
    From related orgs
    $0
    Other
    $33,490
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $190,385
    Bonus
    $32,800
    Other
    $0
    Deferred
    $7,798
    Nontaxable benefits
    $25,692
    Filer's total
    $256,675

  • Morgan Hoover

    VP, PHILANTHROPY & MARKETING

    Total calculated
    $195,210
    From this org
    $162,788
    From related orgs
    $0
    Other
    $32,422
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $150,488
    Bonus
    $12,300
    Other
    $0
    Deferred
    $5,875
    Nontaxable benefits
    $26,547
    Filer's total
    $195,210

  • Trevor Meeks

    VP SINGLE FAMILY LENDING

    Total calculated
    $193,122
    From this org
    $174,938
    From related orgs
    $0
    Other
    $18,184
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $154,438
    Bonus
    $20,500
    Other
    $0
    Deferred
    $6,246
    Nontaxable benefits
    $11,938
    Filer's total
    $193,122

  • Patrick Goble

    DIRECTOR FINANCE

    Total calculated
    $160,135
    From this org
    $130,316
    From related orgs
    $0
    Other
    $29,819
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $130,316
    Bonus
    $0
    Other
    $0
    Deferred
    $4,807
    Nontaxable benefits
    $25,012
    Filer's total
    $160,135

  • Charles Mercer

    DIRECTOR COMMUNITY & LENDING

    Total calculated
    $144,411
    From this org
    $128,471
    From related orgs
    $0
    Other
    $15,940
    Hours/week
    45

  • Cherie Pologruto

    DIRECTOR LENDING OPERATION

    Total calculated
    $134,204
    From this org
    $104,710
    From related orgs
    $0
    Other
    $29,494
    Hours/week
    45

  • Gina Miller

    PRESIDENT & CEO (BEG 09/22)

    Total calculated
    $121,976
    From this org
    $117,601
    From related orgs
    $0
    Other
    $4,375
    Hours/week
    45

  • Laurie Jones

    DIRECTOR HOMEOWNER DEVELOPMENT

    Total calculated
    $118,768
    From this org
    $102,756
    From related orgs
    $0
    Other
    $16,012
    Hours/week
    45

  • Jennifer Meeker

    DIRECTOR HUMAN RESOURCES

    Total calculated
    $114,835
    From this org
    $110,113
    From related orgs
    $0
    Other
    $4,722
    Hours/week
    45

  • Lacy Dubose

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Al Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andy Nino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bill Bower

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Hampton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Chelsea Haring-Cozzi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Dawn Haut

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Greg Fennig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Kittle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Hirschman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Juan Gonzalez

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Linda Broadfoot

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Kugar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marshawn Wolley

    VICE CHAIRPERSON

    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

  • Nicole Lorch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Portia Bailey-Bernard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 7
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 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.

  • CITY OF INDIANAPOLIS

    501 (C) (3) · GOVERNMENTAL · IN

    Directly controlled by NA

  • UNITED WAY OF CENTRAL INDIANA INC

    501 (C) (3) · HUMAN SERVICE · IN

    Directly controlled by NA

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 $5,192,350

    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 $14,890 · share of assets $0 · controlled entity

    Directly controlled by INHP

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202322859349302147

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