Form 990 for tax year 2025
Filed by WESTSIDE COMMUNITY DEVELOPMENT CORPORATION INC.
Totals
- Total revenue
- $468,669
- Total expenses
- $357,569
- Contributions and grants received
- $297,176
- Grants paid
- $7,983
- Program service revenue
- $1,200
- Investment income
- $162,512
- Other revenue
- $7,781
- Total assets, end of year
- $8,753,449
- Total liabilities, end of year
- $1,775,319
- Net assets or fund balances, end of year
- $6,978,130
- Program services expenses (Part IX)
- $99,003
- Management and general expenses
- $258,566
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $99,003
Program services were 27.7% 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)
$173,781
-
1f · All other contributions, gifts and grants
$123,395
-
2a · Program service revenue: RENTAL INCOME
total $1,200 · related or exempt $1,200
-
3 · Investment income
total $250,185 · excluded $250,185
-
7a · Gross sales of assets other than inventory
other assets $170,000
-
7b · Less cost or other basis and sales expenses
other assets $257,673
-
7c · Gain or loss
other assets -$87,673
-
7d · Net gain or loss
total -$87,673 · excluded -$87,673
-
11a · Other revenue: MISCELLANEOUS
total $7,781 · related or exempt $7,781
-
11e · Other revenue, total
$7,781
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $7,983 · program services $7,983
-
5 · Compensation of officers, directors and key employees
total $96,678 · program services $48,339 · management and general $48,339
-
7 · Other salaries and wages
total $49,080 · program services $24,540 · management and general $24,540
-
10 · Payroll taxes
total $12,030 · program services $6,015 · management and general $6,015
-
11b · Fees: legal
total $2,154 · management and general $2,154
-
11c · Fees: accounting
total $45,500 · management and general $45,500
-
11g · Fees: other
total $7,271 · management and general $7,271
-
13 · Office expenses
total $13,644 · management and general $13,644
-
14 · Information technology
total $708 · management and general $708
-
16 · Occupancy
total $51,644 · program services $11,751 · management and general $39,893
-
17 · Travel
total $9 · management and general $9
-
19 · Conferences, conventions and meetings
total $110 · management and general $110
-
20 · Interest
total $24,487 · management and general $24,487
-
22 · Depreciation, depletion and amortization
total $18,800 · management and general $18,800
-
23 · Insurance
total $27,096 · management and general $27,096
-
24a · Other expenses: OUTREACH/COLLABORATIONS
total $375 · program services $375
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,594,994 · end of year $1,309,903
-
3 · Pledges and grants receivable
beginning of year $68,924 · end of year $203,413
-
4 · Accounts receivable
end of year $209,500
-
9 · Prepaid expenses and deferred charges
beginning of year $9,745 · end of year $15,773
-
10a · Land, buildings and equipment: cost or other basis
$603,920
-
10b · Land, buildings and equipment: accumulated depreciation
$123,893
-
10c · Land, buildings and equipment, net
beginning of year $498,827 · end of year $480,027
-
13 · Investments: program-related
beginning of year $637,871 · end of year $620,119
-
15 · Other assets
beginning of year $5,667,691 · end of year $5,914,714
-
17 · Accounts payable and accrued expenses
beginning of year $9,780 · end of year $13,270
-
19 · Deferred revenue
beginning of year $972,127 · end of year $963,053
-
23 · Secured mortgages and notes payable
beginning of year $833,719 · end of year $798,596
-
25 · Other liabilities
beginning of year $4,896 · end of year $400
-
27 · Net assets without donor restrictions
beginning of year $6,657,530 · end of year $6,978,130
Mission and programs · 2025
Mission
ENTITY OPERATES HOUSING DEVELOPMENT PROGRAMS FOR LOW-INCOME INDIVIDUALS AND ECONOMIC DEVELOPMENT PROGRAMS FOR A SPECIFIED AREA WITHIN THE CITY OF INDIANAPOLIS, INDIANA.
-
AFFORDABLE HOMEOWNERSHIP - PLANNED THE CREATION OF 8-UNITS OF HOMEOWNERSHIP. 2 UNITS WERE SUBSTANTIALLY COMPLETED AT YEAR END 2025.- AWARDED A $1,000,000 GRANT FROM THE NATIONAL URBAN LEAGUE-IAAQLI TO CREATE 17-UNITS OF AFFORDABLE HOMEOWNERSHIP FOR BUYERS WITH INCOME UP TO 120% OF AMI BY 2025.- AWARDED HOME/CDBG FUNDING FROM THE CITY OF INDIANAPOLIS TO BUILD AFFORDABLE HOMEOWNERSHIP UNITS FOR HOUSEHOLDS WITH INCOME UP TO 80% OF AMI.- AWARDED INDI FUNDING FROM INHP TO ASSIST WITH THE 2025 BUILDS.
Expenses $99,003 · Grants $7,983 · Revenue $8,981
As filed on the 2025 return.
Listed in Part VII
-
Beverly Mukes-GaitherBEVERLY MUKES-GAITHER
CHIEF EXECUTIVE OFFICER
- Total calculated
- $96,677
- From this org
- $96,677
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Olgen WilliamsOLGEN WILLIAMS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Cindy TowCINDY TOW
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tehea HardingTEHEA HARDING
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joanne ClassickJOANNE CLASSICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Neva HeinNEVA HEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig LeekeCRAIG LEEKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
A MontgomeryA MONTGOMERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carlena MosesCARLENA MOSES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darrell NickolsonDARRELL NICKOLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle PerryMICHELLE PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel PinoDANIEL PINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy PoolAMY POOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul RaganPAUL RAGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael RothMICHAEL ROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alfonso Perze SotomayorALFONSO PERZE SOTOMAYOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carli StevensonCARLI STEVENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 2025
- Filed
- 31 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602129349301130
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.