Totals
- Total revenue
- $306,163
- Total expenses
- $190,966
- Contributions and grants received
- $283,297
- Grants paid
- $0
- Program service revenue
- $20,400
- Investment income
- $2,466
- Other revenue
- $0
- Total assets, end of year
- $935,954
- Total liabilities, end of year
- $588,624
- Net assets or fund balances, end of year
- $347,330
- Program services expenses (Part IX)
- $110,132
- Management and general expenses
- $76,235
- Fundraising expenses
- $4,599
- Program service expenses (Part III)
- $110,132
Program services were 57.7% 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.
-
1e · Government grants (contributions)
$23,016
-
1f · All other contributions, gifts and grants
$260,281
-
2a · Program service revenue: MIDTOWN INDY MAGAZINE
total $20,400 · unrelated business $20,400
-
3 · Investment income
total $2,466 · excluded $2,466
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $50,458 · program services $32,677 · management and general $15,768 · fundraising $2,013
-
7 · Other salaries and wages
total $29,167 · program services $18,888 · management and general $9,116 · fundraising $1,163
-
10 · Payroll taxes
total $6,162 · program services $3,898 · management and general $2,021 · fundraising $243
-
11b · Fees: legal
total $70 · program services $70
-
11c · Fees: accounting
total $9,000 · management and general $9,000
-
11g · Fees: other
total $25,329 · program services $10,691 · management and general $14,638
-
12 · Advertising and promotion
total $13,355 · program services $12,747 · management and general $99 · fundraising $509
-
13 · Office expenses
total $1,333 · program services $62 · management and general $1,202 · fundraising $69
-
14 · Information technology
total $9,520 · program services $302 · management and general $9,218
-
16 · Occupancy
total $12,248 · program services $2,741 · management and general $9,507
-
17 · Travel
total $605 · management and general $605
-
20 · Interest
total $23,016 · program services $23,016
-
22 · Depreciation, depletion and amortization
total $5,773 · program services $4,681 · management and general $1,092
-
23 · Insurance
total $3,868 · program services $350 · management and general $3,518
-
24a · Other expenses: MISCELLANEOUS
total $1,062 · program services $9 · management and general $451 · fundraising $602
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,613 · end of year $14,145
-
2 · Savings and temporary cash investments
end of year $233,651
-
3 · Pledges and grants receivable
beginning of year $24,925 · end of year $9,812
-
4 · Accounts receivable
end of year $3,650
-
9 · Prepaid expenses and deferred charges
beginning of year $5,549 · end of year $3,793
-
10a · Land, buildings and equipment: cost or other basis
$678,569
-
10b · Land, buildings and equipment: accumulated depreciation
$7,666
-
10c · Land, buildings and equipment, net
beginning of year $671,995 · end of year $670,903
-
17 · Accounts payable and accrued expenses
beginning of year $18,152 · end of year $3,946
-
19 · Deferred revenue
beginning of year $6,800
-
23 · Secured mortgages and notes payable
beginning of year $579,997 · end of year $584,678
-
27 · Net assets without donor restrictions
beginning of year $139,188 · end of year $244,385
-
28 · Net assets with donor restrictions
beginning of year $92,945 · end of year $102,945
Mission and programs · 2024
Mission
MIDTOWN INDY EXISTS TO CULTIVATE AN EQUITABLE, HEALTHY, AND SUSTAINABLE COMMUNITY IN WHICH STAKEHOLDERS OF ALL INCOMES, RACES, AND ETHNICITIES HAVE ACCESS TO THE OPPORTUNITIES, SERVICES, AND AMENITIES THEY NEED TO THRIVE. SPECIFICALLY, MIDTOWN'S WORK IS FOCUSED ON 1) BUILDING A SENSE OF COMMUNITY; 2) SUPPORT FOR COMMUNITY BASED AND MINORITY BUSINESSES AND JOB SKILLS DEVELOPMENT; 3) IMPROVEMENT OF TRANSPORTATION OPTIONS AND THE VITALITY OF KEY COMMERCIAL CORRIDORS AND NODES; 4) IMPROVEMENT OF HOUSING OPTIONS AND PUBLIC SPACES.
Activities or mission (Part I)
MIDTOWN INDY IS A COMMUNITY SERVICE CORPORATION COMMITTED TO ADVANCING THE QUALITY OF LIFE AND ECONOMIC VITALITY OF INDIANAPOLIS' MIDTOWN NEIGHBORHOODS.
-
IN 2024, MIDTOWN INDY ADVANCED EQUITABLE HOUSING AND COMMERCIAL DEVELOPMENT WITH A MAJOR FOCUS ON THE 46TH AND COLLEGE AVENUE PROJECT, A COMMUNITY-CENTERED, MIXED-INCOME DEVELOPMENT THAT WILL INCLUDE NEARLY 50 RESIDENTIAL UNITS10% OF WHICH WILL BE AFFORDABLE AT 50% AMI. THROUGH A TRANSPARENT RFI/RFP PROCESS AND CONSISTENT STAKEHOLDER ENGAGEMENT, WE SELECTED A DEVELOPMENT PARTNER ALIGNED WITH LOCAL NEEDS, WITH SUPPORT FROM OUR STEERING COMMITTEE INCLUDING INHP, THE CITY OF INDIANAPOLIS, AND CROSSROADS AME CHURCH. THIS MILESTONE SETS THE STAGE FOR CONTINUED COMMUNITY ADVOCACY AND SUPPORT THROUGH 2025, AS WE SEE THIS PROJECT TO FRUITION AND WORK TO ENSURE THE PROJECT STRENGTHENS NEIGHBORHOOD IDENTITY AND ECONOMIC VITALITY.
Expenses $24,411
-
IN 2024, MIDTOWN INDY DEEPENED ITS COMMUNITY ENGAGEMENT BY STRENGTHENING RELATIONSHIPS, INCREASING VISIBILITY THROUGH REGULAR ATTENDANCE AT NEIGHBORHOOD MEETINGS AND EVENTS, AND ENHANCING OUTREACH VIA THE WIDELY DISTRIBUTED MIDTOWN INDY MAGAZINE, WHICH REACHED 24,000 RESIDENTS AND BUSINESSES ACROSS THREE ISSUES. WE ALSO PLAYED A ROLE IN SUPPORTING AND ADVOCATING FOR THE FORMATION OF AN OFFICIAL COMMITTEE FOR TARKINGTON PARK, FOSTERING COLLABORATIVE STEWARDSHIP AND FUTURE IMPROVEMENTS. THESE EFFORTS ELEVATED MIDTOWN INDY'S PRESENCE, EXPANDED FUNDRAISING SUPPORT, AND REINFORCED OUR ROLE AS A TRUSTED CONNECTOR BETWEEN RESIDENTS, BUSINESSES, AND LOCAL GOVERNMENT.
Expenses $12,701 · Revenue $20,400
-
IN 2024, MIDTOWN INDY ADVANCED FOOD ACCESS AND MINORITY ENTREPRENEURSHIP THROUGH THE DEVELOPMENT OF A COMMUNITY-FOCUSED URBAN FARM IN PARTNERSHIP WITH KHEPRW INSTITUTE, MAPLETON-FALL CREEK DEVELOPMENT CORPORATION, CROSSROADS AME CHURCH, AND COMMON GROUNDS INSTITUTE. THE PROJECT, WHICH WILL LAUNCH IN 2025, WAS FULLY PLANNED IN 2024 AND IS DESIGNED TO EMPOWER A MINORITY FARMER WITH ACCESS TO LAND, RESOURCES, AND SUPPORT ADDRESSING FOOD INSECURITY WHILE MODELING AGRICULTURAL ENTREPRENEURSHIP AND OWNERSHIP. MIDTOWN INDY ALSO BEGAN PLANNING A TRANSFORMATIVE MIXED-USE DEVELOPMENT FEATURING A GROCERY STORE, HOUSING, AND COMMERCIAL SPACE TO FURTHER EXPAND FOOD ACCESS AND CATALYZE NEIGHBORHOOD REVITALIZATION.
Expenses $73,020
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rachel DickersonRACHEL DICKERSON
EXECUTIVE DIRECTOR
- Total calculated
- $50,458
- From this org
- $49,583
- From related orgs
- $0
- Other
- $875
- Hours/week
- 40
-
Eva MarquezEVA MARQUEZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Eric ArmstrongERIC ARMSTRONG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Ebony CarterEBONY CARTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Kristen DevineKRISTEN DEVINE
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Annie CarusoANNIE CARUSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Mark FisherMARK FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Karen HaleyKAREN HALEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Michael LoftonMICHAEL LOFTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Brandon PowellBRANDON POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Carlos SosaCARLOS SOSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
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
- 2024
- Filed
- 14 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521349349302977
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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