Skip to content
Nonprofiteer
← INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP INC

Form 990 for tax year 2023

Filed by INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP INC.

Totals

Total revenue
$15,217,179
Total expenses
$17,032,593
Contributions and grants received
$10,568,757
Grants paid
$2,058,164
Program service revenue
$761,901
Investment income
$3,810,807
Other revenue
$75,714
Total assets, end of year
$94,203,154
Total liabilities, end of year
$34,880,786
Net assets or fund balances, end of year
$59,322,368
Program services expenses (Part IX)
$14,117,535
Management and general expenses
$2,287,760
Fundraising expenses
$627,298
Program service expenses (Part III)
$14,117,535

Program services were 82.9% 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

    $211,000

  • 1e · Government grants (contributions)

    $3,325,555

  • 1f · All other contributions, gifts and grants

    $7,032,202

  • 1g · Noncash contributions included above

    $2,490

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

    total $582,370 · related or exempt $582,370

  • 2b · Program service revenue: LOAN FEE INCOME

    total $105,039 · related or exempt $105,039

  • 2c · Program service revenue: FEE INCOME

    total $24,642 · related or exempt $24,642

  • 2d · Program service revenue: COUNSELING FEE INCOME

    total $13,900 · related or exempt $13,900

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

    total $35,950 · related or exempt $35,950

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,261,068 · excluded $1,261,068

  • 6a · Gross rents

    real property $321,727

  • 6b · Less rental expenses

    real property $88,433

  • 6c · Rental income or loss

    real property $233,294 · personal property $0

  • 6d · Net rental income or loss

    total $233,294 · unrelated business -$104,446 · excluded $337,740

  • 7a · Gross sales of assets other than inventory

    securities $22,463,600 · other assets $9,794,025

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

    securities $22,423,546 · other assets $7,284,340

  • 7c · Gain or loss

    securities $40,054 · other assets $2,509,685

  • 7d · Net gain or loss

    total $2,549,739 · related or exempt $2,522,602 · excluded $27,137

  • 8a · Fundraising events: gross income

    $9,425

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

    $211,000

  • 8b · Fundraising events: direct expenses

    $167,005

  • 8c · Net income from fundraising events

    total -$157,580 · excluded -$157,580

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,275,245 · program services $1,275,245

  • 2 · Grants to domestic individuals

    total $782,919 · program services $782,919

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,761,349 · program services $1,078,614 · management and general $458,736 · fundraising $223,999

  • 7 · Other salaries and wages

    total $3,500,080 · program services $2,354,184 · management and general $899,597 · fundraising $246,299

  • 8 · Pension plan contributions

    total $150,422 · program services $112,832 · management and general $33,518 · fundraising $4,072

  • 9 · Other employee benefits

    total $468,818 · program services $299,865 · management and general $125,378 · fundraising $43,575

  • 10 · Payroll taxes

    total $322,145 · program services $196,508 · management and general $102,777 · fundraising $22,860

  • 11b · Fees: legal

    total $65,233 · program services $45,112 · management and general $20,121 · fundraising $0

  • 11c · Fees: accounting

    total $71,117 · program services $6,300 · management and general $64,817 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $75,658 · program services $127 · management and general $73,428 · fundraising $2,103

  • 11g · Fees: other

    total $1,014,574 · program services $806,179 · management and general $186,323 · fundraising $22,072

  • 12 · Advertising and promotion

    total $340,427 · program services $299,963 · management and general $32,292 · fundraising $8,172

  • 13 · Office expenses

    total $56,234 · program services $42,145 · management and general $2,915 · fundraising $11,174

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $249,974 · program services $158,825 · management and general $91,149 · fundraising $0

  • 17 · Travel

    total $16,206 · program services $7,635 · management and general $6,505 · fundraising $2,066

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $15,370 · program services $11,277 · management and general $593 · fundraising $3,500

  • 20 · Interest

    total $378,234 · program services $377,840 · management and general $394 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $252,505 · program services $210,806 · management and general $30,423 · fundraising $11,276

  • 23 · Insurance

    total $89,044 · program services $32,529 · management and general $56,515 · fundraising $0

  • 24a · Other expenses: PROVISION FOR LOAN LOSSES

    total $230,242 · program services $230,242 · management and general $0 · fundraising $0

  • 24b · Other expenses: PROVISION MARK TO MARKET REAL ESTATE

    total $679,600 · program services $679,600 · management and general $0 · fundraising $0

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

    total $3,647,040 · program services $3,647,040 · management and general $0 · fundraising $0

  • 24d · Other expenses: LOAN FEE EXPENSES

    total $169,597 · program services $169,597 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,420,560 · program services $1,292,151 · management and general $102,279 · fundraising $26,130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $222 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $18,403,395 · end of year $27,438,371

  • 3 · Pledges and grants receivable

    beginning of year $549,962 · end of year $517,551

  • 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 $21,985,693 · end of year $21,017,578

  • 9 · Prepaid expenses and deferred charges

    beginning of year $153,193 · end of year $194,440

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

    $3,973,496

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

    $2,282,369

  • 10c · Land, buildings and equipment, net

    beginning of year $635,624 · end of year $1,691,127

  • 11 · Investments: publicly traded securities

    beginning of year $22,306,387 · end of year $14,097,580

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $9,595,951 · end of year $14,981,637

  • 15 · Other assets

    beginning of year $11,353,664 · end of year $14,264,870

  • 17 · Accounts payable and accrued expenses

    beginning of year $696,386 · end of year $887,019

  • 19 · Deferred revenue

    beginning of year $410,533 · end of year $1,127,290

  • 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 $21,571,057 · end of year $31,828,697

  • 25 · Other liabilities

    beginning of year $448,084 · end of year $1,037,780

  • 27 · Net assets without donor restrictions

    beginning of year $48,299,506 · end of year $46,589,892

  • 28 · Net assets with donor restrictions

    beginning of year $13,558,525 · end of year $12,732,476

Mission and programs · 2023

Mission

SEE STATEMENT IN SCHEDULE O

Activities or mission (Part I)

to create affordable housing solutions for people with low and moderate incomes, and collaborate to enhance the quality of life in Indianapolis neighborhoods.

  • COMMUNITY SOLUTIONS: 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. ACROSS INHP'S COMMUNITY SOLUTIONS, WE IMPACTED 1,133 AFFORDABLE HOUSING UNITS. SOME KEY ACCOMPLISHMENTS INCLUDE: - SOLD 1 PROPERTY IN OUR ETOD LANDBANK TO A DEVELOPER FOR AFFORDABLE HOUSING AND WE PURCHASED 1 MORE SITE - PROVIDED $4.8 MILLION IN COMMUNITY LOANS IMPACTING 254 AFFORDABLE HOUSING UNITS - DEVELOPED 22 NEW AFFORDABLE HOMES ACROSS INDIANAPOLIS - INVESTED $6.9 MILLION INTO MARION COUNTY MINORITY CENSUS TRACTS DURING 2023. ADDITIONALLY MORE THAN 1/2 OF FUNDS DEPLOYED BY INHP WERE TO MINORY LED OR MINTORY SERVING ORGANIZATIONS - ESTABLISHED A NEW AFFORDABLE HOUSING PRESERVATION STRATEGY BY AQUIRING A 39-UNIT HOUSING PROPERTY FOR OLDER ADULTS EARNING UP TO 60% OF AMI

    Expenses $8,500,979 · Grants $1,401,545 · Revenue $2,787,060

  • CONSUMER SOLUTIONS: THROUGH INHP, INDIVIDUALS AND FAMILIES WITH LOW AND MODERATE INCOMES ARE PREPARED FOR LONG-TERM SUCCESSFUL HOMEOWNERSHIP BY GAINING THE KNOWLEDGE, FINANCIAL CAPABILITY AND GUIDANCE THEY NEED TO SUCCESSFULLY NAVIGATE THE HOMEBUYING PROCESS. ACROSS OUR CONSUMER SOLUTIONS, 1,149 FAMILIES GRADUATED FROM INHP EDUCATION CLASS OFFERINGS 212 UNIQUE HOUSEHOLDS QUALIFIED FOR A MORTGAGE THROUGH THE ADVISING PROGRAM, AND INHP ORIGINATED 180 CONSUMER MORTGAGES. 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. IN 2023, INHP ORIGINATED 40 FIRST MORTGAGES AND PROVIDED MORTGAGE ADVISING AND ACCESS TO CAPITAL FOR AN ADDITIONAL 49 FIRST MORTGAGE CLIENTS TO ACCESS PRIVATE SECTOR LENDER PARTNER PRODUCTS. FURTHER, INHP ORIGINATED 91 SECOND MORTGAGES FOR CLIENTS SO THEY COULD MAKE HOME REPAIRS OR OBTAIN DOWN PAYMENT ASSISTANCE. THIS REPRESENTS A TOTAL OF $16.3 MILLION IN FINANCING FOR LOW AND MODERATE INCOME FAMILIES.

    Expenses $5,444,838 · Grants $656,619 · Revenue $497,443

  • POLICY AND RESEARCH SOLUTIONS: 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 $171,718

As filed on the 2023 return.

Listed in Part VII

  • David Hampton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gina Miller

    PRESIDENT & CEO

    Total calculated
    $391,957
    From this org
    $350,354
    From related orgs
    $0
    Other
    $41,603
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $321,080
    Bonus
    $29,274
    Other
    $0
    Deferred
    $12,487
    Nontaxable benefits
    $29,116
    Filer's total
    $391,957

  • John Hirschman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Juan Gonzalez

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Marshawn Wolley

    VICE CHAIRPERSON

    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

  • Corey Wilson

    BOARD MEMBER

    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

  • Joseph F Breen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kiamesha-Sylvia G Colom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lacy Dubose

    BOARD MEMBER

    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

  • Mary Lisher

    BOARD MEMBER

    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

  • Michael K Ash

    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

  • Jeff Curiel

    CFO & COO

    Total calculated
    $310,572
    From this org
    $271,042
    From related orgs
    $0
    Other
    $39,530
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $219,292
    Bonus
    $51,750
    Other
    $0
    Deferred
    $9,760
    Nontaxable benefits
    $29,770
    Filer's total
    $310,572

  • Joseph Hanson

    CHIEF STRATEGY OFFICER

    Total calculated
    $311,012
    From this org
    $270,942
    From related orgs
    $0
    Other
    $40,070
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $219,192
    Bonus
    $51,750
    Other
    $0
    Deferred
    $9,300
    Nontaxable benefits
    $30,770
    Filer's total
    $311,012

  • Morgan Hoover

    VP, PHILANTHROPY & MARKETING (END 11/23)

    Total calculated
    $217,036
    From this org
    $181,115
    From related orgs
    $0
    Other
    $35,921
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $137,984
    Bonus
    $17,250
    Other
    $25,881
    Deferred
    $5,540
    Nontaxable benefits
    $30,381
    Filer's total
    $217,036

  • Robert Evans

    EVP, GOVERNMENT & COMMUNITY (END 11/23)

    Total calculated
    $313,123
    From this org
    $276,116
    From related orgs
    $0
    Other
    $37,007
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,768
    Bonus
    $51,750
    Other
    $31,598
    Deferred
    $8,061
    Nontaxable benefits
    $28,946
    Filer's total
    $313,123

  • Trevor Meeks

    VP HOMEOWNERSHIP INITIATIVES

    Total calculated
    $217,650
    From this org
    $196,508
    From related orgs
    $0
    Other
    $21,142
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,758
    Bonus
    $28,750
    Other
    $0
    Deferred
    $7,012
    Nontaxable benefits
    $14,130
    Filer's total
    $217,650

  • Charles Mercer

    DIRECTOR COMMUNITY LENDING

    Total calculated
    $152,055
    From this org
    $133,799
    From related orgs
    $0
    Other
    $18,256
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $133,799
    Bonus
    $0
    Other
    $0
    Deferred
    $4,774
    Nontaxable benefits
    $13,482
    Filer's total
    $152,055

  • Jennifer Meeker

    DIRECTOR HUMAN RESOURCES

    Total calculated
    $133,339
    From this org
    $127,722
    From related orgs
    $0
    Other
    $5,617
    Hours/week
    45

  • Laurie Jones

    DIRECTOR HOMEOWNER DEVELOPMENT

    Total calculated
    $130,734
    From this org
    $111,705
    From related orgs
    $0
    Other
    $19,029
    Hours/week
    45

  • Patrick E Goble

    DIRECTOR FINANCE

    Total calculated
    $173,712
    From this org
    $140,480
    From related orgs
    $0
    Other
    $33,232
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $140,480
    Bonus
    $0
    Other
    $0
    Deferred
    $5,161
    Nontaxable benefits
    $28,071
    Filer's total
    $173,712

  • Tim Coxey

    DIRECTOR MARKETING AND COMMUNICATIONS

    Total calculated
    $132,109
    From this org
    $113,749
    From related orgs
    $0
    Other
    $18,360
    Hours/week
    45

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
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 4a Severance or change-of-control payment
The following individuals received severance payments in 2023: Robert Evans: $31,598 Morgan Hoover: $25,881 These amounts are reflected in Part II Column B(III) of Schedule J.
Schedule J, Part I, Line 7 Non-fixed payments
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 MARKET RESEARCH AND 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.

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 $4,827,557

    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 -$16,144 · share of assets $0 · controlled entity

    Directly controlled by INHP

Provenance

Return type
form_990
Tax year
2023
Filed
18 September 2024
IRS schema version
2023v5.1
Source object
202442629349300414

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

The source document this was parsed from is served over the API, which is where bulk and document access live.