Form 990 for tax year 2024

Totals

Total revenue

$391,474

Total expenses

$172,526

Contributions and grants received

$380,352

Grants paid

$15,658

Program service revenue

$0

Investment income

$5,439

Other revenue

$5,683

Total assets, end of year

$930,137

Total liabilities, end of year

$1,357

Net assets or fund balances, end of year

$928,780

Program services expenses (Part IX)

$115,247

Management and general expenses

$30,691

Fundraising expenses

$26,588

Program service expenses (Part III)

$115,247

Program services were 66.8% 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.

Mission and programs · 2024

• AFFORDABLE HOUSING INDY GATEWAY HAS BEEN ABLE TO RESTART ITS BUILDING SCHEDULES. WE COMPLETED A HOUSE AT 315 VINE AND THE AREA 31 CONSTRUCTION TRADES STUDENT COMPLETED A HOUSE AT 307 VINE. 307 VINE WAS SOLD IN JULY AND 315 CURRENTLY HAS A SALE PENDING. IN ADDITION, WE BEGAN OUR BUILDING AT 2710 TAFT AVENUE. A NEW AREA 31 HOUSE WAS STARTED AT 5122 LEGRANDE AVENUE. A NEW LOT WAS ACQUIRED AT 103 N. RACEWAY ROAD. WE ARE PLANNING ON PUTTING ALL THESE HOUSES ON THE MARKET BY THE END OF 2025 FOR QUALIFIED HOMEBUYERS AND TURN THESE AREA LIABILITIES INTO TAX GENERATING PROPERTIES THAT WILL BENEFIT OUR LOCAL ENTITIES AND IMPROVE THE NEIGHBORHOOD AND ARE BUILT IN FEDERALLY DESIGNATED LOW AND MODERATE-INCOME AREAS. THE OBJECTIVE WAS TO BUILD AND FINISH VINE, BUT MANY FACTORS CAUSED ITS DELAY. JAMMIN FOR A CAUSE WAS A NEW FUNDRAISING EVENT TO BENEFIT THE PROGRAM IN APRIL 2024.

  Expenses $108,297 · Grants $15,658 · Revenue $6,915

• INDY GATEWAY BOARD OF DIRECTORS HAS ACQUIRED FUNDING THROUGH THE GATEWAY GALLOP 5K IN PREVOUS YEARS AS WELL AS A GRANT FROM THE CENTRAL INDIANA COMMUNITY FOUNDATION TO PROCEED IN 2025 WITH THE CONSTRUCTION OF THE PATHWAY AND COMPLETION OF THE CHAPEL ROCK TRAILHEAD. THE PROJECT WILL INCLUDE:-TRAIL NODE AND PAVED PATH CONNECTION ON BOTA PROPERTY (PATH NOT COVERED UNDER NEXT LEVEL TRAIL GRANT)-TRAILHEAD PLAZA AND PATH CONNECTION ON CHURCH PROPERTY-TRAILHEAD IDENTITY SIGN-DIRECTIONAL SIGN AT CHURCH ENTRY AREASFUNDING FOR CONSTRUCTION HAS BEEN RAISED IN 2023 AND 2024. FINAL BIDS WERE RECEIVED IN LATE 2024 WITH CONSTRUCTION PLANNED FOR THE TRAIL IN 2025. NO CONTRACTS HAVE BEEN SIGNED TO DATE FOR THE CONSTRUCTION. A GRANT WAS AWARDED IN THE AMOUNT OF $3,886.69 TO THE WHITE LICK CREEK VANDALIA ALLIANCE FOR THEIR TRAILWORK. ALSO A GRANT PAYMENT OF $11,771.57 TO THE B&O TRAIL ASSOCIATION WAS MADE IN JUNE AS A DOWN PAYMENT TOWARD THE TRAILHEAD WORK.

  Expenses $6,896

• OUR THIRD OBJECTIVE WAS OUR ANNUAL SHELTON HEIGHTS PARK FUNDRAISER FOR CONTINUED MAINTENANCE OF THE PARK. THE PINTS FOR PARK EVENT WAS HELD IN SEPTEMBER.

  Expenses $54

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

• B&O TRAIL ASSOCIATION

  $11,772

  CHAPEL ROCK TRAILHEAD AND CONNECTING PATHWAY

Provenance

Return type

form_990

Tax year

2024

Filed

13 August 2025

IRS schema version

2024v5.2

Source object

202542269349300039

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