Indianapolis Neighborhood Housing Partnership Inc

EIN: 351742559 501(c)(3) Housing & Shelter

Indianapolis, IN

Total Revenue
$15,217,179
Total Expenses
$17,032,593
Total Assets
$94,203,154
Net Assets
$59,322,368
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IN
Phone
3176104637
Tax Period
2023-01-01 to 2023-12-31

Indianapolis Neighborhood Housing Partnership Inc, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.2M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $17.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

SEE STATEMENT IN SCHEDULE O

Program Service Accomplishments

Program 1
Expenses: $8,500,979 Revenue: $2,787,060

COMMUNITY SOLUTIONS: INHP IS CREATING OPPORTUNITIES FOR INDIVIDUAL HOMEOWNERS AND NEIGHBORHOODS WITH TARGETED INVESTMENTS ACROSS THE CITY AS WE DEVELOP SINGLE FAMILY HOMES, PROVIDE ACCESS TO CAPITAL...

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COMMUNITY SOLUTIONS: INHP IS CREATING OPPORTUNITIES FOR INDIVIDUAL HOMEOWNERS AND NEIGHBORHOODS WITH TARGETED INVESTMENTS ACROSS THE CITY AS WE DEVELOP SINGLE FAMILY HOMES, PROVIDE ACCESS TO CAPITAL AND EXPERTISE, AND PARTNER WITH NEIGHBORHOODS TO RESPOND TO THE SHORTAGE OF AFFORDABLE HOMES FOR FAMILIES OF LOW AND MODERATE INCOMES. ACROSS INHP'S COMMUNITY SOLUTIONS, WE IMPACTED 1,133 AFFORDABLE HOUSING UNITS. SOME KEY ACCOMPLISHMENTS INCLUDE: - SOLD 1 PROPERTY IN OUR ETOD LANDBANK TO A DEVELOPER FOR AFFORDABLE HOUSING AND WE PURCHASED 1 MORE SITE - PROVIDED $4.8 MILLION IN COMMUNITY LOANS IMPACTING 254 AFFORDABLE HOUSING UNITS - DEVELOPED 22 NEW AFFORDABLE HOMES ACROSS INDIANAPOLIS - INVESTED $6.9 MILLION INTO MARION COUNTY MINORITY CENSUS TRACTS DURING 2023. ADDITIONALLY MORE THAN 1/2 OF FUNDS DEPLOYED BY INHP WERE TO MINORY LED OR MINTORY SERVING ORGANIZATIONS - ESTABLISHED A NEW AFFORDABLE HOUSING PRESERVATION STRATEGY BY AQUIRING A 39-UNIT HOUSING PROPERTY FOR OLDER ADULTS EARNING UP TO 60% OF AMI

Program 2
Expenses: $5,444,838 Revenue: $497,443

CONSUMER SOLUTIONS: THROUGH INHP, INDIVIDUALS AND FAMILIES WITH LOW AND MODERATE INCOMES ARE PREPARED FOR LONG-TERM SUCCESSFUL HOMEOWNERSHIP BY GAINING THE KNOWLEDGE, FINANCIAL CAPABILITY AND...

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CONSUMER SOLUTIONS: THROUGH INHP, INDIVIDUALS AND FAMILIES WITH LOW AND MODERATE INCOMES ARE PREPARED FOR LONG-TERM SUCCESSFUL HOMEOWNERSHIP BY GAINING THE KNOWLEDGE, FINANCIAL CAPABILITY AND GUIDANCE THEY NEED TO SUCCESSFULLY NAVIGATE THE HOMEBUYING PROCESS. ACROSS OUR CONSUMER SOLUTIONS, 1,149 FAMILIES GRADUATED FROM INHP EDUCATION CLASS OFFERINGS 212 UNIQUE HOUSEHOLDS QUALIFIED FOR A MORTGAGE THROUGH THE ADVISING PROGRAM, AND INHP ORIGINATED 180 CONSUMER MORTGAGES. ALL INHP FIRST AND SECOND MORTGAGE ORIGINATIONS ARE TO INDIVIDUALS AND FAMILIES EARNING 120% OR BELOW THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AREA MEDIAN INCOME AND THE HOME IS LOCATED IN MARION COUNTY. IN 2023, INHP ORIGINATED 40 FIRST MORTGAGES AND PROVIDED MORTGAGE ADVISING AND ACCESS TO CAPITAL FOR AN ADDITIONAL 49 FIRST MORTGAGE CLIENTS TO ACCESS PRIVATE SECTOR LENDER PARTNER PRODUCTS. FURTHER, INHP ORIGINATED 91 SECOND MORTGAGES FOR CLIENTS SO THEY COULD MAKE HOME REPAIRS OR OBTAIN DOWN PAYMENT ASSISTANCE. THIS REPRESENTS A TOTAL OF $16.3 MILLION IN FINANCING FOR LOW AND MODERATE INCOME FAMILIES.

Program 3
Expenses: $171,718 Revenue: $0

POLICY AND RESEARCH SOLUTIONS: IN THE PROGRESSION OF OUR MISSION, OUR FOCUS ON HOMEOWNERSHIP HAS EXPANDED TO INCLUDE STRATEGIES THAT PRESERVE OR INCREASE THE SUPPLY OF AFFORDABLE HOUSING THROUGH...

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POLICY AND RESEARCH SOLUTIONS: IN THE PROGRESSION OF OUR MISSION, OUR FOCUS ON HOMEOWNERSHIP HAS EXPANDED TO INCLUDE STRATEGIES THAT PRESERVE OR INCREASE THE SUPPLY OF AFFORDABLE HOUSING THROUGH COMMUNITY LENDING, HOUSING DEVELOPMENT, LAND BANKING, GRANTMAKING AND RENTAL PROPERTY OWNERSHIP. THIS MEANS THAT THE DEPTH AND BREADTH OF POLICY ISSUES AT THE LOCAL, STATE AND FEDERAL LEVELS IMPACTING INHP AND THE PEOPLE AND NEIGHBORHOODS WE SERVE HAS INCREASED SIGNIFICANTLY. TO THAT END, WE HAVE TAKEN A MEASURED BUT DELIBERATE APPROACH TO TRACKING AND ADVOCATING FOR POLICY ISSUES THAT ADDRESS THE AFFORDABLE HOUSING CHALLENGES OUR CLIENTS ARE EXPERIENCING.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,568,757
Program Service Revenue $761,901
Investment Income $3,810,807
Other Revenue $75,714
TOTAL REVENUE $15,217,179

Expense Breakdown

Grants Paid $2,058,164
Salaries & Benefits $6,202,814
Fundraising Expenses $627,298
Program Expenses $14,117,535
Other Expenses $8,771,615
TOTAL EXPENSES $17,032,593

Year-over-Year Comparison

2023 2022 Change
Revenue $15,217,179 $18,655,764 -0.2%
Expenses $17,032,593 $18,375,732 -0.1%
Net Income $-1,815,414 $280,032 -7.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
21
Employees
57
Volunteers
60

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
10
$1,761,350
Total Directors
22
$391,957
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY 2.0
Officer Director
$0 $0 $0
N/A PRESIDENT & CEO 45.0
Officer Director
$350,354 $41,603 $391,957
N/A TREASURER 2.0
Officer Director
$0 $0 $0
N/A CHAIRPERSON 2.0
Officer Director
$0 $0 $0
N/A VICE CHAIRPERSON 2.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A CFO & COO 45.0
Officer
$271,042 $39,530 $310,572
N/A CHIEF STRATEGY OFFICER 45.0
Officer
$270,942 $40,070 $311,012
N/A VP, PHILANTHROPY & MARKETING (END 11/23) 45.0
Officer
$181,115 $35,921 $217,036
N/A EVP, GOVERNMENT & COMMUNITY (END 11/23) 45.0
Officer
$276,116 $37,007 $313,123
N/A VP HOMEOWNERSHIP INITIATIVES 45.0
Officer
$196,508 $21,142 $217,650
N/A DIRECTOR COMMUNITY LENDING 45.0
Highest
$133,799 $18,256 $152,055
N/A DIRECTOR HUMAN RESOURCES 45.0
Highest
$127,722 $5,617 $133,339
N/A DIRECTOR HOMEOWNER DEVELOPMENT 45.0
Highest
$111,705 $19,029 $130,734
N/A DIRECTOR FINANCE 45.0
Highest
$140,480 $33,232 $173,712
N/A DIRECTOR MARKETING AND COMMUNICATIONS 45.0
Highest
$113,749 $18,360 $132,109
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 No data No data No data No data
2023 $15,217,179 $17,032,593 $94,203,154 $-1,815,414
2022 $18,655,764 $18,375,732 $84,984,091 $280,032
2021 $20,034,403 $11,265,541 $89,616,807 $8,768,862
2020 $12,013,592 $12,357,819 $66,108,731 $-344,227
2019 $11,308,036 $13,258,023 $64,791,061 $-1,949,987
2018 $9,714,004 $11,576,079 $64,549,985 $-1,862,075
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