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Nonprofiteer
← ENGLEWOOD COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by ENGLEWOOD COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$11,839,852
Total expenses
$8,085,492
Contributions and grants received
$9,928,970
Grants paid
$0
Program service revenue
$1,819,341
Investment income
$59,346
Other revenue
$32,195
Total assets, end of year
$30,208,001
Total liabilities, end of year
$11,398,621
Net assets or fund balances, end of year
$18,809,380
Program services expenses (Part IX)
$7,135,387
Management and general expenses
$950,105
Fundraising expenses
$0
Program service expenses (Part III)
$7,135,387

Program services were 88.2% 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.

  • 1a · Federated campaigns

    $17,456

  • 1e · Government grants (contributions)

    $9,677,294

  • 1f · All other contributions, gifts and grants

    $234,220

  • 2a · Program service revenue: Affordable Housing

    total $946,525 · related or exempt $946,525

  • 2b · Program service revenue: Economic Development

    total $729,909 · related or exempt $729,909

  • 2c · Program service revenue: Reimbursement

    total $82,302 · related or exempt $82,302

  • 2d · Program service revenue: Collective Impact

    total $52,947 · related or exempt $52,947

  • 2e · Program service revenue: Congregational Engagement

    total $7,658 · related or exempt $7,658

  • 3 · Investment income

    total $19,944 · excluded $19,944

  • 7a · Gross sales of assets other than inventory

    other assets $39,402

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

    other assets $0

  • 7c · Gain or loss

    other assets $39,402

  • 7d · Net gain or loss

    total $39,402 · excluded $39,402

  • 11a · Other revenue: Bookstore

    total $16,428 · excluded $16,428

  • 11b · Other revenue: Miscellaneous Income

    total $15,767 · excluded $15,767

  • 11e · Other revenue, total

    $32,195

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $55,304 · program services $29,154 · management and general $26,150

  • 7 · Other salaries and wages

    total $971,040 · program services $511,885 · management and general $459,155

  • 9 · Other employee benefits

    total $39,049 · management and general $39,049

  • 10 · Payroll taxes

    total $82,386 · program services $40,928 · management and general $41,458

  • 11g · Fees: other

    total $226,233 · program services $152,372 · management and general $73,861

  • 13 · Office expenses

    total $134,634 · program services $46,569 · management and general $88,065

  • 16 · Occupancy

    total $3,863,748 · program services $3,821,365 · management and general $42,383

  • 20 · Interest

    total $254,442 · program services $252,159 · management and general $2,283

  • 22 · Depreciation, depletion and amortization

    total $172,652 · program services $154,344 · management and general $18,308

  • 23 · Insurance

    total $109,419 · program services $72,656 · management and general $36,763

  • 24a · Other expenses: Project Development Cos

    total $1,685,164 · program services $1,685,164

  • 24b · Other expenses: Other

    total $491,421 · program services $368,791 · management and general $122,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,000,561 · end of year $3,123,241

  • 3 · Pledges and grants receivable

    beginning of year $735,976 · end of year $3,468,454

  • 4 · Accounts receivable

    beginning of year $741,786 · end of year $1,549,943

  • 8 · Inventories for sale or use

    beginning of year $15,139 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,605 · end of year $23,289

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

    $6,662,987

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

    $957,241

  • 10c · Land, buildings and equipment, net

    beginning of year $4,734,298 · end of year $5,705,746

  • 14 · Intangible assets

    beginning of year $8,745 · end of year $8,745

  • 15 · Other assets

    beginning of year $13,036,301 · end of year $16,328,583

  • 17 · Accounts payable and accrued expenses

    beginning of year $920,754 · end of year $2,396,986

  • 19 · Deferred revenue

    beginning of year $1,429,557 · end of year $1,262,255

  • 23 · Secured mortgages and notes payable

    beginning of year $3,956,568 · end of year $6,905,744

  • 25 · Other liabilities

    beginning of year $883,580 · end of year $833,636

  • 27 · Net assets without donor restrictions

    beginning of year $16,103,952 · end of year $18,809,380

Mission and programs · 2023

Mission

Englewood Community Development Corporation strives to nurture and embody love of neighbor in the areas of affordable housing, economic development, and comprehensive community development on the Near Eastside of Indianapolis.

  • Affordable Housing - ECDC is a committed partner and leader in a variety of place-based, comprehensive community development initiatives.

    Expenses $5,382,972 · Revenue $946,525

  • Economic Development - ECDC has focused on the development of vacant and occupied properties within the Englewood Neighborhood, for use as rental, homeownership, and commercial use. Grant funded construction expenditures have been capitalized.

    Expenses $1,752,415 · Revenue $729,909

  • Congregational Engagement - ECDC works with congregations in Indianapolis and across North America who desire to cultivate a deeper life together that overflows into tangible love for the communities in which they are embedded.

    Revenue $7,658

  • Collective Impact - ECDC is a committed partner and leader in a variety of place-based, comprehensive community development initiatives. Neighboring (or Community Engagement) - ECDC strives to improve the quality of life for its neighbors, both youth and adults, through fitness, work, play, hands-on learning opportunities, access to high-quality schools and family support.

    Revenue $135,249

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Adams

    President

    Total calculated
    $0
    Hours/week
    3

  • Ted Burks

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Laretta Benjamin

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Humberto Ramirez

    Director

    Total calculated
    $0
    Hours/week
    3

  • Curtis Kester

    Director

    Total calculated
    $0
    Hours/week
    3

  • Anthony Jackson

    Director

    Total calculated
    $0
    Hours/week
    3

  • Shadreck Kamwendo

    Director

    Total calculated
    $0
    Hours/week
    3

  • Kevin Lines

    Director

    Total calculated
    $0
    Hours/week
    3

  • Chenita Gray

    Director

    Total calculated
    $0
    Hours/week
    3

  • Michael J Bowling II

    Executive Director

    Total calculated
    $55,304
    From this org
    $55,304
    From related orgs
    $0
    Other
    $0
    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.

  • Oxford Flats LLC

    Low Income Housing · IN · income $115,749 · assets $1,588,045

    Directly controlled by Englewood Community Development Corporation

  • Englewood Sustainable Ventures LLC

    Investment in other Entities · IN · income $0 · assets $1,513,287

    Directly controlled by Englewood Community Development Corporation

  • Providence Place

    Low Income Housing · IN · income $0 · assets $4,178,409

    Directly controlled by Englewood Community Development Corporation

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Sustainable Local Foods Indiana LLC

    Related · Hydroponic Farm - Agriculture · IN · 88.5% owned · share of income $171 · share of assets $768,283

    Directly controlled by Englewood Community Development Corporation

  • Sawtooth LLC

    Related · Low Income Housing · IN · 51% owned · share of income -$1,351 · share of assets $561

    Directly controlled by Englewood Community Development Corporation

  • Phillip Rogers LLC

    Related · Low Income Housing · IN · 51% owned · share of income -$1,829 · share of assets $71,800

    Directly controlled by Englewood Community Development Corporation

  • PR Mallory LLC

    Low Income Housing · IN

  • Oxford Place Senior Apartments LP

    Related · Low Income Housing · IN · 0.01% owned · share of income -$23 · share of assets -$138

    Directly controlled by Oxford Place Senior Apartments GP LLC

  • Commonwealth Apartments LP

    Related · Low Income Housing · IN · 0.01% owned · share of income -$45 · share of assets -$333

    Directly controlled by Englewood CW Inc

  • Parker Place LP

    Related · Low Income Housing · IN · 0.01% owned · share of income -$22 · share of assets $35

    Directly controlled by Parker Place GP LLC

  • PR Mallory Dino Manager

    Low Income Housing · IN

  • PR Mallory MT LLC

    Low Income Housing · IN

  • St Lucas Lofts LP

    related · low Income Housing · IN · 99.99% owned

    Directly controlled by St Lucas Lofts GP

  • Inspire 10th Street LLC

    Related · Low Income Housing · IN · 30% owned · share of income -$887 · share of assets -$14,130

    Directly controlled by Englewood Community Development Corporation

  • Clifford Corners Apartments LP

    Related · Low Income Housing · IN · 0.01% owned · share of income -$18 · share of assets -$112,700

    Directly controlled by Clifford Corners Inc

  • Passage Indy LP

    Related · Low Income Housing · IN · share of income -$172 · share of assets $59,928

    Directly controlled by Passage Indy GP LLC

  • PR Mallory Leverage Lender LLC

    Investment · Lending funds for Mallory projec · IN · 51% owned · share of income -$8,025 · share of assets $1,750,172

  • Compass on Washington LP

    Related · Low Income Housing · IN · share of assets $50

    Directly controlled by Compass on Washington GP LLC

  • Englewood Homes LP

    Related · Low Income Housing · IN · share of income -$119 · share of assets $74,981

    Directly controlled by Englewood Homes GP LLC

  • St Lucas Lofts Apartments LP

    Related · Low Income Housing · IN · share of assets $100

    Directly controlled by St Lucas Lofts GP

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PR Mallory MM LLC

    C · GP of PRM project · IN · 51% owned · share of income $66,094 · share of assets $11,630,506 · controlled entity

    Directly controlled by Englewood Community Development Corporation

  • Englewood CW Inc

    C · Low-Income Housing · IN · 100% owned · share of income -$9 · controlled entity

    Directly controlled by Englewood Community Development Corporation

  • Oxford Place Senior Apartments GP LLC

    C · Low-Income Housing · IN · 100% owned · controlled entity

    Directly controlled by Englewood Community Development Corporation

  • Parker Place GP LLC

    C · Low-Income Housing · IN · 100% owned · share of assets $35 · controlled entity

    Directly controlled by Englewood Community Development Corporation

  • St Lucas Lofts GP

    C · Low-Income Housing · IN · 100% owned · share of assets $100 · controlled entity

    Directly controlled by Englewood Community Development Corporation

  • Clifford Corners Inc

    C · Low-Income Housing · IN · 51% owned · share of income $1 · controlled entity

    Directly controlled by Englewood Community Development Corporation

  • Passage Indy GP LLC

    C · Low-Income Housing · IN · 100% owned · share of assets $59,928 · controlled entity

    Directly controlled by Englewood Community Development Corporation

  • Compass on Washington GP LLC

    C · Low-Income Housing · IN · 100% owned · share of assets $50 · controlled entity

    Directly controlled by Englewood Community Development Corporation

  • Englewood Homes GP LLC

    C · Low-Income Housing · IN · 100% owned · share of assets $74,976 · controlled entity

    Directly controlled by Englewood Community Development Corporation

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349309309

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