INDIANAPOLIS NEIGHBORHOOD RESOURCE CENTER INC

EIN: 351909230 501(c)(3) Community Improvement

INDIANAPOLIS, IN

Total Revenue
$1,418,229
Total Expenses
$1,458,367
Total Assets
$1,135,080
Net Assets
$999,114
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IN
Principal Officer
BRITT REDD
Phone
3179200330
Tax Period
2023-01-01 to 2023-12-31

INDIANAPOLIS NEIGHBORHOOD RESOURCE CENTER INC, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum.

Mission

INRC WAS ESTABLISHED TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO NEIGHBORHOOD-BASED ORGANIZATIONS AND COMMUNITY DEVELOPMENT CORPORATIONS THROUGHOUT MARION COUNTY.

Program Service Accomplishments

Program 1
Expenses: $384,530 Revenue: $5,450

INFORMATION RESOURCE AND REFERRAL SERVICES FOR NEIGHBORHOOD-BASED ORGANIZATIONS - INRC PROVIDED COMPREHENSIVE SUPPORT TO NEIGHBORHOOD-BASED ORGANIZATIONS THROUGH INDIVIDUALIZED TRAINING, WORKSHOPS...

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INFORMATION RESOURCE AND REFERRAL SERVICES FOR NEIGHBORHOOD-BASED ORGANIZATIONS - INRC PROVIDED COMPREHENSIVE SUPPORT TO NEIGHBORHOOD-BASED ORGANIZATIONS THROUGH INDIVIDUALIZED TRAINING, WORKSHOPS, SEMINARS, AND COACHING. WE SUCCESSFULLY HOSTED WORKSHOPS FOR OVER 1,500 PARTICIPANTS FROM LOCAL COMMUNITIES AND PARTNER ORGANIZATIONS, COVERING ESSENTIAL TOPICS SUCH AS COLLABORATION, PROJECT MANAGEMENT, INCLUSION, AND LEADERSHIP. ADDITIONALLY, FIVE NEIGHBORHOODS COMPLETED THE INDIANAPOLIS COMMUNITY BUILDING INSTITUTE (ICBI), A LEADERSHIP DEVELOPMENT PROGRAM TAILORED FOR GRASSROOTS COMMUNITY LEADERS. INRC ALSO OFFERED CAPACITY-BUILDING ASSISTANCE TO FIVE NEIGHBORHOOD-BASED ORGANIZATIONS, WHICH INCLUDED CUSTOMIZED TRAINING SESSIONS, NEIGHBORHOOD PLANNING, PROJECT CONSULTATION, ASSET MAPPING, AND MEETING FACILITATION. IN RECOGNITION OF OUTSTANDING COMMUNITY SERVICE, INRC AWARDED ITS 18TH ANNUAL COLLABORATIVE SPIRIT AWARD TO 1000 WORDS INC., AN ART-FOCUSED NONPROFIT THAT PROMOTES EMERGING ARTISTS AND ENGAGES THE LOCAL COMMUNITY IN ART EDUCATION AND APPRECIATION.

Program 2
Expenses: $587,444

THE PUBLIC ALLIES PROGRAM FOSTERS NEW LEADERSHIP TO ENHANCE COMMUNITIES, NONPROFITS, AND CIVIC PARTICIPATION. INRC SERVES AS THE LOCAL OPERATING PARTNER FOR AMERICORPS PUBLIC ALLIES INDIANAPOLIS...

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THE PUBLIC ALLIES PROGRAM FOSTERS NEW LEADERSHIP TO ENHANCE COMMUNITIES, NONPROFITS, AND CIVIC PARTICIPATION. INRC SERVES AS THE LOCAL OPERATING PARTNER FOR AMERICORPS PUBLIC ALLIES INDIANAPOLIS. THIS PROGRAM EMPOWERS LOCAL, DIVERSE LEADERS THROUGH LEADERSHIP DEVELOPMENT OPPORTUNITIES AS THEY SERVE WITH VARIOUS INDIANAPOLIS NONPROFITS, THEREBY BUILDING ORGANIZATIONAL CAPACITY. ALLIES PARTICIPATE IN REGULAR SKILL-BUILDING AND LEADERSHIP SESSIONS WITH THEIR COHORT, RECEIVING LIFE AND PROFESSIONAL DEVELOPMENT COACHING THROUGHOUT THEIR SERVICE. DURING THEIR TERM, ALLIES STRENGTHEN THEIR HOST ORGANIZATIONS, COLLABORATE ON A COMMUNITY-FOCUSED SERVICE PROJECT, AND ENGAGE WITH LOCAL LEADERS TO ADDRESS PRESSING COMMUNITY ISSUES. IN 2023, THE AMERICORPS PUBLIC ALLIES INDIANAPOLIS CELEBRATED THE GRADUATION OF 15 ALLIES WHO WERE PLACED WITH VARIOUS NONPROFITS ACROSS THE CITY.

Program 3
Expenses: $283,101

INRC'S NEIGHBORHOOD GRANTS PROGRAM AIMS TO ENHANCE ENGAGEMENT, COLLECTIVE ACTION, AND DEVELOPMENT WITHIN NEIGHBORHOODS AND NEIGHBORHOOD-BASED ORGANIZATIONS. THIS INITIATIVE REINFORCES THE STRENGTHS...

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INRC'S NEIGHBORHOOD GRANTS PROGRAM AIMS TO ENHANCE ENGAGEMENT, COLLECTIVE ACTION, AND DEVELOPMENT WITHIN NEIGHBORHOODS AND NEIGHBORHOOD-BASED ORGANIZATIONS. THIS INITIATIVE REINFORCES THE STRENGTHS AND ASSETS OF INDIANAPOLIS NEIGHBORHOODS BY PROVIDING FINANCIAL RESOURCES FOR PROJECTS AND ACTIVITIES THAT FOSTER RESIDENT ENGAGEMENT, PROMOTE NEIGHBORHOOD ACTION, AND CULTIVATE STRONG RELATIONSHIPS AMONG NEIGHBORS, GRASSROOTS ORGANIZATIONS, AND OTHER STAKEHOLDERS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,370,042
Program Service Revenue $5,450
Investment Income $20,062
Other Revenue $22,675
TOTAL REVENUE $1,418,229

Expense Breakdown

Grants Paid $373,318
Salaries & Benefits $521,827
Fundraising Expenses $48,026
Program Expenses $1,255,075
Other Expenses $563,222
TOTAL EXPENSES $1,458,367

Year-over-Year Comparison

2023 2022 Change
Revenue $1,418,229 $922,952 +0.5%
Expenses $1,458,367 $954,219 +0.5%
Net Income $-40,138 $-31,267 +0.3%
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
13
Independent Members
13
Employees
32
Volunteers
N/A

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
5
$100,609
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRITT REDD PRESIDENT 2.00
Officer Director
$0 $0 $0
BETH RIEDEMAN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOE HOUSH SECRETARY 2.00
Officer Director
$0 $0 $0
GINA LEWIS ALEXANDER TREASURER 2.00
Officer Director
$0 $0 $0
DANIEL BOOKHEIM MEMBER 2.00
Director
$0 $0 $0
KEVIN BROWN MEMBER 2.00
Director
$0 $0 $0
VALERIE DAVIS MEMBER 2.00
Director
$0 $0 $0
ILIANA ENRIQUEZ MEMBER 2.00
Director
$0 $0 $0
ALEX HABERFIELD MEMBER 2.00
Director
$0 $0 $0
DYLAN MELLING MEMBER 2.00
Director
$0 $0 $0
CODY MORRIS MEMBER 2.00
Director
$0 $0 $0
MARIANN SCOTT MEMBER 2.00
Director
$0 $0 $0
CARLIE TURNER MEMBER 2.00
Director
$0 $0 $0
ANNE-MARIE TAYLOR EXECUTIVE DIRECTOR THROUGH 11/3/23 50.00
Officer
$86,040 $14,569 $100,609
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 $1,418,229 $1,458,367 $1,135,080 $-40,138
2022 $922,952 $954,219 $1,056,303 $-31,267
2021 $770,097 $721,471 $1,122,953 $48,626
2020 $765,283 $813,078 $1,114,789 $-47,795
2019 $700,092 $732,681 $1,118,674 $-32,589
2018 $1,240,639 $739,845 $1,126,861 $500,794
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