← PARTNERS IN HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by PARTNERS IN HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue: $2,041,570
Total expenses: $1,927,037
Contributions and grants received: $1,821,222
Grants paid: $0
Program service revenue: $166,212
Investment income: $47,186
Other revenue: $6,950
Total assets, end of year: $17,750,604
Total liabilities, end of year: $885,365
Net assets or fund balances, end of year: $16,865,239
Program services expenses (Part IX): $31,015
Management and general expenses: $1,821,488
Fundraising expenses: $74,534
Program service expenses (Part III): $31,015

Program services were 1.6% 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

$49,888
1e · Government grants (contributions)

$1,034,245
1f · All other contributions, gifts and grants

$737,089
2a · Program service revenue: CONSULTING FEE INCOME

total $160,453 · related or exempt $160,453
2b · Program service revenue: RENTAL INCOME

total $5,759 · related or exempt $5,759
3 · Investment income

total $169,473 · excluded $169,473
7a · Gross sales of assets other than inventory

other assets $2,100,000
7b · Less cost or other basis and sales expenses

other assets $2,222,287
7c · Gain or loss

other assets -$122,287
7d · Net gain or loss

total -$122,287 · related or exempt -$122,287
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$49,888
8b · Fundraising events: direct expenses

$12,138
8c · Net income from fundraising events

total -$12,138 · excluded -$12,138
11a · Other revenue: OTHER INCOME

total $18,806 · excluded $18,806
11b · Other revenue: TENANT CHARGES

total $282 · excluded $282
11e · Other revenue, total

$19,088

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $36,800 · management and general $36,800
7 · Other salaries and wages

total $1,133,306 · management and general $1,133,306
9 · Other employee benefits

total $106,601 · management and general $106,601
10 · Payroll taxes

total $19,120 · management and general $19,120
11b · Fees: legal

total $5,743 · management and general $5,743
11c · Fees: accounting

total $44,035 · management and general $44,035
11g · Fees: other

total $7,750 · management and general $7,750
13 · Office expenses

total $311,069 · management and general $236,535 · fundraising $74,534
16 · Occupancy

total $122,950 · management and general $122,950
17 · Travel

total $17,852 · management and general $17,852
20 · Interest

total $37,210 · management and general $37,210
22 · Depreciation, depletion and amortization

total $39,021 · program services $31,015 · management and general $8,006
23 · Insurance

total $45,580 · management and general $45,580

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $4,243,256 · end of year $98,948
4 · Accounts receivable

beginning of year $1,136,958 · end of year $1,618,683
7 · Other notes and loans receivable

beginning of year $4,600,716 · end of year $8,337,955
9 · Prepaid expenses and deferred charges

beginning of year $21,027 · end of year $10,442
10a · Land, buildings and equipment: cost or other basis

$476,735
10b · Land, buildings and equipment: accumulated depreciation

$332,499
10c · Land, buildings and equipment, net

beginning of year $1,860,678 · end of year $144,236
13 · Investments: program-related

beginning of year $4,986,888 · end of year $5,704,256
15 · Other assets

beginning of year $1,790,639 · end of year $1,836,084
17 · Accounts payable and accrued expenses

beginning of year $765,483 · end of year $445,048
23 · Secured mortgages and notes payable

beginning of year $1,644,825 · end of year $423,382
25 · Other liabilities

beginning of year $5,079 · end of year $16,935
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $16,224,775 · end of year $16,865,239

Mission and programs · 2024

Mission

PARTNERS IN HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED AS AN INDIANA NOT-FOR-PROFIT CORPORATION IN NOVEMBER 1993. THE MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE PEOPLE WHO MOST NEED A STABLE PLACE TO LIVE, WHILE GIVING THEM SUPPORT AND A CHANCE TO REACH THEIR HIGHEST LEVEL OF SELF-SUFFICIENCY. TO MEET THESE OBJECTIVES, THE CORPORATION'S ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND CONSTRUCTION OF REAL PROPERTY FOR LOW INCOME HOUSING AND TO PROVIDE SUPPORTIVE SERVICES.

AT DECEMBER 31, 2024, THE CORPORATION OWNED OR OPERATED THE FOLLOWING LOW INCOME HOUSING PROJECTS AND SUPPORT PROGRAMS:BURTON II, 23 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK APARTMENTS, 106 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERMOZINGO PLACE, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDBLUE TRIANGLE APTS, SPECIAL NEEDS, INDIANAPOLIS, IN- WHOLLY OWNEDGUERIN PLACE APTS., 19 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDLINWOOD APARTMENTS, 28 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDFALL CREEK, 50 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERGLENMOOR, 24 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDAPPERSON WAY, 69 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERBLUE-MOZINGO, 72 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERTRIPLE P APARTMENTS, 87 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK, L.P., SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDTHE POINT ON FALL CREEK, 59 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNER

Expenses $31,015 · Revenue $43,925

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

Listed in Part VII

Jennifer GreenJENNIFER GREEN

FORMER EXECUTIVE DIRECTOR

Total calculated

$36,800

From this org

$36,800

From related orgs

$0

Other

$0

Hours/week

1 + 1 related
Lauren RodriguezLAUREN RODRIGUEZ

EXECUTIVE DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Trelles EvansTRELLES EVANS

DIRECTOR/BOARD CHAIR

Total calculated

$0

Hours/week

1 + 1 related
Walter FreihoferWALTER FREIHOFER

VICE CHAIRMAN

Total calculated

$0

Hours/week

1 + 1 related
Kathy OverbeyKATHY OVERBEY

SECRETARY/TREASURER

Total calculated

$0

Hours/week

1 + 1 related
Janine BetseyJANINE BETSEY

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Kathleen LaraKATHLEEN LARA

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Sharvonne WilliamsSHARVONNE WILLIAMS

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Ronald RiceRONALD RICE

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Katie WhiteKATIE WHITE

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Susanna TaftSUSANNA TAFT

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related

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.

LINWOOD MANOR LLC

AFFORDABLE HOUSING · IN
PARTNERS IN HOUSING - ORLEANS LLC

AFFORDABLE HOUSING · IN
MOZINGO PLACE LP

AFFORDABLE HOUSING · IN
BLUE TRIANGLE LP

AFFORDABLE HOUSING · IN
PARTNERS IN HOUSING - GUERIN LLC

AFFORDABLE HOUSING · IN
PARTNERS PROPERTIES - BURTON LLC

AFFORDABLE HOUSING · IN
PARTNERS PROPERTIES - FALL CREEK VIEW LLC

AFFORDABLE HOUSING · IN
PARTNERS PROPERTIES - APPERSON WAY APARTMENTS LP

AFFORDABLE HOUSING · IN
GLENMOOR LLC

AFFORDABLE HOUSING · IN

Related partnerships

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

BURTON APARTMENTS II LP

AFFORDABLE HOUSING · IN · general or managing partner
THE POINT ON FALL CREEK II LP

AFFORDABLE HOUSING · IN · general or managing partner
BLUE-MOZINGO LP

AFFORDABLE HOUSING · IN · general or managing partner
COLONIAL PARK LP

AFFORDABLE HOUSING · IN · general or managing partner
TRIPLE P APARTMENTS LP

AFFORDABLE HOUSING · IN · general or managing partner
COLONIAL PARK APARTMENTS LP

RELATED · AFFORDABLE HOUSING · IN · general or managing partner

Related corporations and trusts

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

PARTNERS PROPERTIES INC

C · AFFORDABLE HOUSING · IN · 100% owned
PARTNERS PROPERTIES II INC

C · AFFORDABLE HOUSING · IN · 100% owned
PARTNERS PROPERTIES - COLONIAL PARK INC

C · AFFORDABLE HOUSING · IN · 100% owned
PARTNERS PROPERTIES - APPERSON WAY APARTMENTS LLC

C · AFFORDABLE HOUSING · IN · 100% owned
PIHDC-BLUE-MOZINGO LLC

C · AFFORDABLE HOUSING · IN · 100% owned

Provenance

Return type: form_990
Tax year: 2024
Filed: 17 November 2025
IRS schema version: 2024v5.2
Source object: 202543219349319139

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