Totals
- Total revenue
- $977,209
- Total expenses
- $809,271
- Contributions and grants received
- $916,264
- Grants paid
- $0
- Program service revenue
- $10,000
- Investment income
- $12,894
- Other revenue
- $38,051
- Total assets, end of year
- $5,107,748
- Total liabilities, end of year
- $860,208
- Net assets or fund balances, end of year
- $4,247,540
- Program services expenses (Part IX)
- $571,516
- Management and general expenses
- $221,510
- Fundraising expenses
- $16,245
- Program service expenses (Part III)
- $571,516
Program services were 70.6% 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.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$27,517
-
1e · Government grants (contributions)
$657,692
-
1f · All other contributions, gifts and grants
$231,055
-
2a · Program service revenue: DEVELOPER FEES
total $10,000 · related or exempt $10,000
-
3 · Investment income
total $12,894 · excluded $12,894
-
6a · Gross rents
real property $41,065
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $41,065
-
6d · Net rental income or loss
total $41,065 · related or exempt $41,065
-
8a · Fundraising events: gross income
$1,093
-
8a · Fundraising events: contributions included on line 1c
$27,517
-
8b · Fundraising events: direct expenses
$4,615
-
8c · Net income from fundraising events
total -$3,522 · excluded -$3,522
-
11a · Other revenue: MISC. INCOME
total $508 · related or exempt $508
-
11e · Other revenue, total
$508
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $109,840 · program services $71,939 · management and general $27,770 · fundraising $10,131
-
7 · Other salaries and wages
total $155,827 · program services $114,751 · management and general $41,076
-
9 · Other employee benefits
total $48,456 · program services $34,947 · management and general $11,708 · fundraising $1,801
-
11c · Fees: accounting
total $57,600 · management and general $57,600
-
11g · Fees: other
total $51,548 · program services $4,820 · management and general $46,541 · fundraising $187
-
13 · Office expenses
total $6,321 · program services $3,789 · management and general $2,445 · fundraising $87
-
16 · Occupancy
total $19,152 · program services $13,479 · management and general $4,928 · fundraising $745
-
20 · Interest
total $14,604 · program services $14,135 · management and general $407 · fundraising $62
-
22 · Depreciation, depletion and amortization
total $83,118 · program services $58,499 · management and general $21,387 · fundraising $3,232
-
23 · Insurance
total $27,676 · program services $25,290 · management and general $2,386
-
24a · Other expenses: RESERVE EXPENSE
total $143,215 · program services $143,215
-
24b · Other expenses: PROJECT EXPENSES
total $65,612 · program services $65,612
-
24c · Other expenses: TAXES AND FEES
total $17,190 · program services $17,190
-
24d · Other expenses: MISCELLANEOUS
total $7,612 · program services $2,350 · management and general $5,262
-
24e · All other expenses
total $1,500 · program services $1,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,249 · end of year $119,754
-
2 · Savings and temporary cash investments
beginning of year $729,742 · end of year $233,589
-
3 · Pledges and grants receivable
beginning of year $128,200 · end of year $200,104
-
4 · Accounts receivable
beginning of year $6,723
-
9 · Prepaid expenses and deferred charges
beginning of year $18,924 · end of year $20,417
-
10a · Land, buildings and equipment: cost or other basis
$2,559,905
-
10b · Land, buildings and equipment: accumulated depreciation
$422,972
-
10c · Land, buildings and equipment, net
beginning of year $2,196,295 · end of year $2,136,933
-
15 · Other assets
beginning of year $1,234,312 · end of year $2,396,951
-
17 · Accounts payable and accrued expenses
beginning of year $186,795 · end of year $61,174
-
19 · Deferred revenue
end of year $925
-
23 · Secured mortgages and notes payable
beginning of year $48,627 · end of year $797,688
-
25 · Other liabilities
beginning of year $421 · end of year $421
-
27 · Net assets without donor restrictions
beginning of year $4,073,738 · end of year $4,246,645
-
28 · Net assets with donor restrictions
beginning of year $5,864 · end of year $895
Mission and programs · 2024
Mission
NEAR DEVELOPS COMMUNITY BY CREATING GREAT PLACES WITH NEIGHBORS. WE EXPRESS THIS MISSION THROUGH EQUITABLE HOUSING, NEIGHBORHOOD RENEWAL, CREATIVE PLACEMAKING, ECONOMIC DEVELOPMENT, AND ENVIRONMENTAL JUSTICE. WE WORK WITH NEIGHBORS AND BRING PEOPLE TOGETHER TO ADDRESS LOCAL QUALITY OF LIFE CHALLENGES.
Activities or mission (Part I)
NEAR EAST AREA RENEWAL ("NEAR") DEVELOPS COMMUNITY BY CREATING GREAT PLACES WITH NEIGHBORS. WE EXPRESS THIS MISSION THROUGH EQUITABLE HOUSING, NEIGHBORHOOD RENEWAL, CREATIVE PLACEMAKING, ECONOMIC DEVELOPMENT, AND ENVIRONMENTAL JUSTICE. WE WORK WITH NEIGHBORS AND BRING PEOPLE TOGETHER TO ADDRESS LOCAL QUALITY OF LIFE CHALLENGES.
-
ACQUIRE AND REHABILITATE HOMES: ASSEMBLING AND COORDINATING RESOURCES TO ACQUIRE AND REHABILITATE SINGLE FAMILY HOMES ON THE NEAR EAST SIDE OF INDIANAPOLIS, FOR THE ULTIMATE SALE TO ELIGIBLE FAMILIES. TO DATE, NEAR HAS BUILT OR REDEVELOPED MORE THAN 135 SINGLE-FAMILY HOMES ON THE NEAR EAST SIDE OF INDIANAPOLIS.
Expenses $460,837 · Revenue $51,573
-
COMMUNITY AND ECONOMIC DEVELOPMENT: NEAR FOCUSES ON ATTRACTING AND SUPPORTING BUSINESSES THAT WOULD SERVE AND EMPLOY THE COMMUNITY'S LOW-INCOME RESIDENTS AND SUPPORT LOCAL LOW-INCOME ENTREPRENEURS. NEAR WORKS WITH OTHER ORGANIZATIONS ON VARIOUS PROJECTS TO FURTHER ENHANCE THE NEAR EAST COMMUNITY. THESE EFFORTS INCLUDE LANDSCAPING AND BEAUTIFICATION OF THE PAYNE GATEWAY, COORDINATING A GREENSPACE PRESERVATION PROGRAM, DEVELOPING NEARINDYGUIDE.ORG TO PROMOTE LOCAL BUSINESSES, IMPLEMENTING ART PROJECTS DESIGNED BY NEAR EAST AREA TEAMS, AND PROVIDING TECHNICAL AND MARKETING RESOURCES TO LOCAL BUSINESSES. NEAR ALSO OWNS THE MINNIE HARTMANN CENTER THAT OFFERS SAFE, AFFORDABLE HOUSING FOR SENIORS AND FULL-DAY CHILD DAYCARE FOR CHILDREN AGED SIX WEEKS TO FIVE YEARS.
Expenses $110,679
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rachel ChappellRACHEL CHAPPELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Alicia BakerALICIA BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Renee DavisRENEE DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Desma BelsaasDESMA BELSAAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael GomezMICHAEL GOMEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily DuncanEMILY DUNCAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew KaercherMATTHEW KAERCHER
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
J Andrew KienleJ ANDREW KIENLE
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Jim BowdenJIM BOWDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marisol GouveiaMARISOL GOUVEIA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Amanda WishinAMANDA WISHIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ross PippinROSS PIPPIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eavan Shaw-RodriguezEAVAN SHAW-RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James TaylorJAMES TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily ScottEMILY SCOTT
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
John Franklin HayJOHN FRANKLIN HAY
PRIOR EXECUTIVE DIRECTOR
- Total calculated
- $88,371
- From this org
- $88,305
- From related orgs
- $0
- Other
- $66
- Hours/week
- 40
-
Joe SmokerJOE SMOKER
INTERIM EXECUTIVE DIRECTOR
- Total calculated
- $76,862
- From this org
- $71,566
- From related orgs
- $0
- Other
- $5,296
- Hours/week
- 40
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.
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.
-
TREASURED HOMES LLC
REAL ESTATE · IN
-
REIMAGINE NEIGHBORHOODS LLC
REAL ESTATE · IN
-
IAD REAL ESTATE LLC
REAL ESTATE · IN
-
EUREKA INVESTMENTS LLC
REAL ESTATE · IN
-
EXCELSIOR LLC
REAL ESTATE · IN
-
MOON BLOCK LLC
REAL ESTATE · IN
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
INSPIRE 10TH STREET LLC
RELATED · REAL ESTATE DEVELOPMENT · IN · 30% owned · share of income -$7,569 · share of assets -$21,696
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SCSA INC
C · LOW-INCOME HOUSING · IN · 50% owned · share of income -$11 · share of assets -$173
-
MINNIE HARTMANN CENTER GP LLC
C · SENIOR HOUSING · IN · 100% owned · share of income -$41 · share of assets -$295
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503359349300530
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