Neighborhood Self Employment Initiative Inc

EIN: 352028160 501(c)(3) Community Improvement

Indianapolis, IN

Total Revenue
$1,712,079
Total Expenses
$1,781,747
Total Assets
$7,563,755
Net Assets
$2,826,905
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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
1997
Legal Domicile
IN
Phone
3174642258
Tax Period
2023-01-01 to 2023-12-31

Neighborhood Self Employment Initiative Inc, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

BUSINESS OWNERSHIP INITIATIVE OF INDIANA'S MISSION IS TO PROVIDE SERVICES AND SUPPORT TO EMERGING AND EXISTING BUSINESS OWNERS IN THE NINE-COUNTY, INDIANAPOLIS METROPOLITAN AREA. THE SERVICES INCLUDE MICRO LENDING, BUSINESS-TRAINING CLASSES AND WORKSHOPS, ONE-TO-ONE BUSINESS COUNSELING, LIFE COACHING, MENTORING AND ASSISTANCE WITH LOCATING AND OBTAINING FINANCIAL RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $1,426,973 Revenue: $282,643

The Business Ownership Initiative (BOI), located in Indianapolis, helps Central Indiana residents start & grow businesses by providing business resources, business coaching and access to financing...

Read more

The Business Ownership Initiative (BOI), located in Indianapolis, helps Central Indiana residents start & grow businesses by providing business resources, business coaching and access to financing. Whether you are a first time entrepreneur, developing a plan for a startup business or a small business veteran looking for a small business loan, BOI can help. BOI's services include the following: Entrepreneurial Services for Women: The Central Indiana Women's Business Center (CIWBC) is a cooperative program that partners with the U.S. Small Business Administration (SBA) to promote the creation and growth of businesses by women entrepreneurs, proving education business resources, and access to capital. Business Coaching and Training: BOI provides one-on-one, personalized business coaching free of charge. BOI also offers business training workshops and online business courses to educate entrepreneur and small business owners on a variety of business related topics from marketing to cash flow analysis. Our business coaches are qualified individuals who help our clients move forward and create success. This free service is provided by staff, contractors, and volunteers. Business coaching is also available in Spanish and is provided due to the generous support of The Clowes Fund, Inc. Small Business Lending: BOI offers micro loans from $1,000-$100,000+ for available start-ups or existing businesses.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,429,436
Program Service Revenue $275,509
Investment Income $0
Other Revenue $7,134
TOTAL REVENUE $1,712,079

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,016,956
Fundraising Expenses $0
Program Expenses $1,426,973
Other Expenses $764,791
TOTAL EXPENSES $1,781,747

Year-over-Year Comparison

2023 2022 Change
Revenue $1,712,079 $848,057 +1.0%
Expenses $1,781,747 $1,230,756 +0.4%
Net Income $-69,668 $-382,699 -0.8%
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

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Governance

Voting Members
12
Independent Members
12
Employees
11
Volunteers
30

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
4
$22,630
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIR 2.0
Officer Director
$0 $0 $0
N/A BOARD CHAIR 2.0
Officer Director
$0 $0 $0
N/A SECRETARY 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 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR 40.0
Officer
$21,791 $839 $22,630
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 $1,712,079 $1,781,747 $7,563,755 $-69,668
2022 $848,057 $1,230,756 $8,162,575 $-382,699
2021 $1,342,321 $1,695,916 $9,845,719 $-353,595
2020 $18,484,528 $15,511,256 $10,832,458 $2,973,272
2019 $1,054,653 $1,079,484 $2,720,983 $-24,831
2018 $908,721 $1,025,580 $2,669,821 $-116,859
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