INSIGHT DEVELOPMENT CORPORATION

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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

Principal Officer

DR WILLIE GARRETT

Phone

3172617200

Tax Period

2023-01-01 to 2023-12-31

Mission

INSIGHT DEVELOPMENT CORPORATION FOSTERS LOW-INCOME HOUSING IN AND AROUND INDIANAPOLIS, INDIANA AND THE SURROUNDING COMMUNITY.

Program Service Accomplishments

Program 1

INSIGHT DEVELOPMENT CORPORATION EXPANDS THE SUPPLY OF AVAILABLE LOW-COST HOUSING ACCOMODATIONS BY CONSTRUCTING, REHABILITATING, AND FUNDING THE FINANCING OF DECENT, SAFE, AND SANITARY HOUSING IN...

INSIGHT DEVELOPMENT CORPORATION EXPANDS THE SUPPLY OF AVAILABLE LOW-COST HOUSING ACCOMODATIONS BY CONSTRUCTING, REHABILITATING, AND FUNDING THE FINANCING OF DECENT, SAFE, AND SANITARY HOUSING IN INDIANAPOLIS, INDIANA FOR PERSONS AND FAMILIES OF LOW INCOME WHO OTHERWISE WOULD NOT BE ABLE TO FIND OR AFFORD A SUITABLE PLACE TO LIVE. TOGETHER WITH INDIANAPOLIS HOUSING AGENCY, THE ORGANIZATION HELPS 2,000 FAMILIES EACH YEAR FIND QUALITY AND AFFORDABLE HOUSING IN ONE OF SEVERAL NEIGHBORHOODS THROUGHOUT THE CITY OF INDIANAPOLIS, INDIANA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$-737,702	-1.0%
Expenses	N/A	$-2,578,404	-1.0%
Net Income	N/A	$1,840,702	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESTHER CARTER-DAY	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
KAREN WASHINGTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARCIA LEWIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL ALLEN	SECRETARY	1.00	Director	$0	$0	$0
WILLLIAM ZINK	TREASURER	1.00	Director	$0	$0	$0

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
2023	No data	No data	$89,859,790	No data
2022	$-737,702	$-2,578,404	$89,859,790	$1,840,702
2020	$6,705,659	$11,400,379	$86,054,404	$-4,694,720
2019	$9,582,789	$10,618,383	$96,537,437	$-1,035,594
2018	$4,969,556	$6,128,862	$67,328,472	$-1,159,306