Southeast Neighborhood Development… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Phone

3176345079

Tax Period

2024-01-01 to 2024-12-31

Southeast Neighborhood Development Inc, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $3.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

Southeast Neighborhood Development, Inc. (SEND) is a non-profit community development corporation that advocates for housing, economic, and social equity by working with residents, business owners, and community partners to create and maintain inclusive, healthy, and vibrant neighborhoods in southeast Indy. Since 1983, we've invested more than $40 million in development projects in our community while improving housing, attracting business and investment, fostering education, sponsoring unique events, and helping spread the word about all the good things going on in our neighborhood.

Program Service Accomplishments

Program 1

Expenses: $2,629,269 Revenue: $683,539

Affordable Housing SEND envisions vibrant communities where equitable access to high-quality, long-term affordable housing is a reality for all, irrespective of income, race, ethnicity, background...

Affordable Housing SEND envisions vibrant communities where equitable access to high-quality, long-term affordable housing is a reality for all, irrespective of income, race, ethnicity, background, or ability.

Program 2

Expenses: $352,696

Economic Development SEND envisions vibrant local economies where small business owners and entrepreneurs no longer face barriers, having equitable access to capital and resources that support...

Economic Development SEND envisions vibrant local economies where small business owners and entrepreneurs no longer face barriers, having equitable access to capital and resources that support business growth.

Program 3

Expenses: $123,960

Community Building SEND envisions neighborhoods where all voices have a space and a place to advocate for a better quality of life.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,259,346

Program Service Revenue $683,539

Investment Income $82,964

Other Revenue $32,998

TOTAL REVENUE $3,058,847

Expense Breakdown

Grants Paid $2,145,840

Salaries & Benefits $512,847

Fundraising Expenses $25,033

Program Expenses $3,105,925

Other Expenses $780,219

TOTAL EXPENSES $3,438,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,058,847	$3,379,879	-0.1%
Expenses	$3,438,906	$3,695,739	-0.1%
Net Income	$-380,059	$-315,860	+0.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$106,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Dickerson	Immediate Past Chair	0.5	Officer Director	$0	$0	$0
Daniel Cruse	Treasurer	0.5	Officer Director	$0	$0	$0
Emily Vanest	Immediate Past Chair (part year)	0.5	Officer Director	$0	$0	$0
Jessica Darling	Vice Chair	0.5	Officer Director	$0	$0	$0
Pastor David Bacon	Chairman	0.5	Officer Director	$0	$0	$0
S Taylor Hughes	At-Large (part year)	0.5	Officer Director	$0	$0	$0
Sarah Savage	Secretary	0.5	Officer Director	$0	$0	$0
Andy Kocher	Director	0.5	Director	$0	$0	$0
Brenda Mcatee	Director	0.5	Director	$0	$0	$0
Catherine Esselman	Director (part year)	0.5	Director	$0	$0	$0
David Dalton	Director	0.5	Director	$0	$0	$0
Kenya McMillin	Director	0.5	Director	$0	$0	$0
Mike Mulcahy	Director	0.5	Director	$0	$0	$0
Peggy Frame	Director	0.5	Director	$0	$0	$0
Ralph Adams	Director	0.5	Director	$0	$0	$0
Tim Ramsey	Director	0.5	Director	$0	$0	$0
Kelli Mirgeaux	President	40.0	Officer	$106,359	$67	$106,426

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,058,847	$3,438,906	$4,494,260	$-380,059
2023	$3,379,879	$3,695,739	$5,065,003	$-315,860
2022	$2,499,585	$2,442,621	$5,605,825	$56,964
2021	$1,016,697	$972,503	$5,233,256	$44,194
2020	$651,352	$718,292	$5,281,462	$-66,940
2019	$513,923	$848,513	$5,451,607	$-334,590
2018	$316,837	$729,534	$5,830,581	$-412,697

Southeast Neighborhood Development Inc