MIDTOWN INDIANAPOLIS INC

EIN: 800228952 501(c)(3) Community Improvement

INDIANAPOLIS, IN

Total Revenue
$431,662
Total Expenses
$360,121
Total Assets
$837,082
Net Assets
$232,133
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IN
Principal Officer
RACHEL DICKERSON
Phone
3176003141
Tax Period
2023-01-01 to 2023-12-31

MIDTOWN INDIANAPOLIS INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $432K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $72K, a strong 17% operating margin.

Mission

MIDTOWN INDY EXISTS TO CULTIVATE AN EQUITABLE, HEALTHY, AND SUSTAINABLE COMMUNITY IN WHICH STAKEHOLDERS OF ALL INCOMES, RACES, AND ETHNICITIES HAVE ACCESS TO THE OPPORTUNITIES, SERVICES, AND AMENITIES THEY NEED TO THRIVE. SPECIFICALLY, MIDTOWN'S WORK IS FOCUSED ON 1) BUILDING A SENSE OF COMMUNITY; 2) SUPPORT FOR COMMUNITY BASED AND MINORITY BUSINESSES AND JOB SKILLS DEVELOPMENT; 3) IMPROVEMENT OF TRANSPORTATION OPTIONS AND THE VITALITY OF KEY COMMERCIAL CORRIDORS AND NODES; 4) IMPROVEMENT OF HOUSING OPTIONS AND PUBLIC SPACES.

Program Service Accomplishments

Program 1
Expenses: $93,446

2023 COMMUNITY AWARENESS PROGRAMS WERE FOCUSED ON SHARING NEWS AND RESOURCES, GRANT AVAILABILITY, FOOD ACCESS INFORMATION, COMMUNITY DEVELOPMENT AND NEIGHBORHOOD PLANNING INFORMATION. MIDTOWN INDY...

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2023 COMMUNITY AWARENESS PROGRAMS WERE FOCUSED ON SHARING NEWS AND RESOURCES, GRANT AVAILABILITY, FOOD ACCESS INFORMATION, COMMUNITY DEVELOPMENT AND NEIGHBORHOOD PLANNING INFORMATION. MIDTOWN INDY SHARES NEWS AND INFORMATION THROUGH THREE MEDIUMS: 1) A PRINTED MAGAZINE MAILED FREE OF CHARGE SIX TIMES A YEAR TO OVER 23,000 HOMES IN THE MIDTOWN COMMUNITY; 2) A BI-WEEKLY EMAIL NEWSLETTER SENT TO OVER 5,000 SUBSCRIBERS; 3) MULTIPLE SOCIAL MEDIA PLATFORMS INCLUDING FACEBOOK AND INSTAGRAM. FURTHER EFFORTS INCLUDED OUTREACH AND ENGAGEMENT IN COMMUNITY EVENTS INCLUDING JUNETEENTH, MOVIES IN THE PARK, IPS REBUILDING STRONGER MEETINGS, AND MANY MORE. THIS WORK WAS LARGELY IN COLLABORATION WITH MLK CENTER, CATCH THE STARS FOUNDATION, TEA'S ME COMMUNITY CAFE, KHEPRW INSTITUTE, BUTLER UNIVERSITY, CROWN HILL NEIGHBORHOOD ASSOCIATION AND INDY PARKS. THESE COLLECTED PARTNERS FORMED A FRIENDS OF TARKINGTON PARK GROUP. ADDITIONAL COMMUNITY ENGAGEMENT WAS CONDUCTED BY WAY OF WORKING WITH THE KEYSTONE-MONON COMMUNITY TO CREATE A CERTIFIED PLANNING PROCESS, THANKS TO A GRANT FROM MIBOR. MIDTOWN INDY ALSO COLLABORATED WITH A GROUP OF ORGANIZATIONS AND COMMUNITY LEADERS WHO WORKED TO FORM A FRIENDS OF TARKINGTON PARK GROUP TO ASSIST WITH PARK NEEDS, DEVELOPMENT AND PROGRAMMING.

Program 2
Expenses: $76,435

IN 2023, MIDTOWN EXPANDED ON PAST INITIATIVES BY FOCUSING ON STAKEHOLDER ENGAGEMENT AND DEVELOPMENT AT SEVERAL CRITICAL LOCATIONS, PARTICULARLY WITHIN THE ONE-SQUARE-MILE AREA AROUND 38TH AND...

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IN 2023, MIDTOWN EXPANDED ON PAST INITIATIVES BY FOCUSING ON STAKEHOLDER ENGAGEMENT AND DEVELOPMENT AT SEVERAL CRITICAL LOCATIONS, PARTICULARLY WITHIN THE ONE-SQUARE-MILE AREA AROUND 38TH AND ILLINOIS STREET. THIS WORK IS PART OF THE LOCAL INITIATIVE SUPPORT CORPORATION'S GREAT PLACES 2020 PROGRAM, AIMED AT REVITALIZING TARGETED NEIGHBORHOODS WITHIN THE CITY. EFFORTS INCLUDED CONTINUED INTERACTION WITH LOCAL PROPERTY OWNERS, IMPORTANT COMMUNITY ORGANIZATIONS, AND RESIDENTS, ALONG WITH ASSOCIATED EXPENSES. ALSO, IN PARTNERSHIP WITH LISC WE WERE ABLE TO PASS THROUGH FUNDS FOR A VARIETY OF PROJECT WITHIN THE ONE-SQUARE-MILE AREA. TWO NOTABLE PROJECTS INCLUDE: $75,000 TO KHEPRW INSTITUTE AS PART OF THE VACANT LOT ACQUISITION FUND FOR MINORITY URBAN FARMERS AND $13,284 TO SMALL BUSINESSES FOR FACADE IMPROVEMENTS. MIDTOWN CONTINUED TO ADVOCATE FOR 38TH STREET CORRIDOR SAFETY FOR NON-MOTORIZED USERS. THANKS TO A LILLY ENDOWMENT/CICF CONNECTED COMMUNITIES GRANT, MORE EFFORTS FOR ACTION FROM CITY TO ASSIST WITH REDUCED VEHICLE SPEED AND IMPROVE SAFETY BASED ON A TRAFFIC AUDIT AND ASSESSMENT. WE PRODUCED THE 3RD ANNUAL JUNETEENTH CELEBRATION AND THREE FREE MOVIE FRIDAY, BOTH TAKING PLACE AT TARKINGTON PARK AND VERY WELL ATTENDED AND LOVED BY COMMUNITY MEMBERS. ADDITIONAL EFFORTS INCLUDED ADVOCACY FOR THE DEVELOPMENT OF A MULTIPURPOSE ATHLETIC FIELD IN HONOR OF COACH DONNELL "COACH NELL" HAMILTON AT TARKINGTON PARK TO SERVE LOCAL YOUTH TEAMS AND COMMUNITY MEMBERS. THANKS TO A $3 MILLION LILLY ENDOWMENT GRANT AND IN COLLABORATION WITH INDY PARKS PHASE TWO OF THE MASTERPLAN WAS STRATEGIZED TO INCLUDE IMPROVED PEDESTRIAN WALKWAYS, FARMERS MARKET PAVILION, IMPROVED AND ADDITIONAL COURTS. BUILDING ON WORK FROM PREVIOUS YEARS, PARKSIDE AT TARKINGTON, AN AFFORDABLE HOUSING PROJECT, COMPLETED CONSTRUCTION, AND OPENED ITS DOORS TO TENANTS IN 2023. FORMERLY, A VACANT OFFICE BUILDING, NOW SERVES AS A 60-UNIT AFFORDABLE SENIOR HOUSING COMMUNITY WITH COMMERCIAL SPACES ON THE GROUND LEVEL TO SERVE THE RESIDENTS.

Program 3
Expenses: $27,319

46TH & COLLEGE: IN 2022, MIDTOWN INDY PURCHASED A BLIGHTED AND FORMER GAS STATION SITE LOCATED AT 4566 N COLLEGE AVENUE. IN 2023, WE CONTINUED EFFORTS FOR FUNDING AND COORDINATING OF: SITE...

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46TH & COLLEGE: IN 2022, MIDTOWN INDY PURCHASED A BLIGHTED AND FORMER GAS STATION SITE LOCATED AT 4566 N COLLEGE AVENUE. IN 2023, WE CONTINUED EFFORTS FOR FUNDING AND COORDINATING OF: SITE EVALUATIONS FOR TRANSIT ORIENTED DEVELOPMENT IN SUPPORT OF MIXED-INCOME AND MIXED-USE HOUSING AND COMMUNITY SERVING RETAIL, ENVIRONMENTAL ASSESSMENTS AND REMEDIATION PLANNING, FEASIBILITY STUDIES FOR REDEVELOPMENT, AND COMMUNITY ENGAGEMENT SESSIONS. WE SUCCESSFULLY PETITIONED THE INDIANA DEPARTMENT OF ENVIRONMENTAL MANAGEMENT TO REMOVE DEED RESTRICTIONS THAT WOULD HAVE PRECLUDED HOUSING ON THE SITE. THROUGH ALL OF THESE EFFORTS WE PREPARED FOR THE NEXT PHASE OF THE PROCESS WHICH IS ENGAGING WITH DEVELOPERS WITH PLANS TO MAKE A PARTNER SELECTION IN 2024. 42ND & COLLEGE: MIDTOWN SEES THIS CORRIDOR AS AN EMINENT PLACE FOR COMMUNITY-SERVING REDEVELOPMENT. IN 2023 WE CONTINUED TO EXPLORE THE MANY OPTIONS AND POSSIBILITIES FOR THIS INTERSECTION ALONGSIDE THE CITY OF INDIANAPOLIS, KID'S DANCE OUTREACH (KDO), THE COMMUNITY AND POTENTIAL DEVELOPERS. MIDTOWN LED A ROBUST OUTREACH EFFORT WITH MERIDIAN KESSLER NEIGHBORS AND SUCCESSFULLY REZONED PROPERTIES LOCATED AT 4155-4185 AND 4201-4208 N COLLEGE AVENUE TO PERMIT RESIDENTIAL AND MIXED-USE REDEVELOPMENT. FURTHER DISCUSSIONS WITH PARTNERS CONTINUE INTO 2024 WITH HOPES TO UTILIZE LOW INCOME HOUSING TAX CREDITS FOR POTENTIAL REDEVELOPMENT BY 2025, AS THE APPLICATION AND APPROVAL PROCESS FOR THESE CREDITS IS LENGTHY.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $265,470
Program Service Revenue $0
Investment Income $962
Other Revenue $165,230
TOTAL REVENUE $431,662

Expense Breakdown

Grants Paid $19,887
Salaries & Benefits $184,953
Fundraising Expenses $39,067
Program Expenses $219,100
Other Expenses $155,281
TOTAL EXPENSES $360,121

Year-over-Year Comparison

2023 2022 Change
Revenue $431,662 $392,714 +0.1%
Expenses $360,121 $405,573 -0.1%
Net Income $71,541 $-12,859 -6.6%
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
14
Independent Members
14
Employees
4
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
7
$95,000
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN HALEY DIRECTOR 5.00
Director
$0 $0 $0
EVA MARQUEZ PRESIDENT 10.00
Officer Director
$0 $0 $0
MATT MINDRUM PAST PRESIDENT 20.00
Officer Director
$0 $0 $0
RICHARD MCCORD DIRECTOR 5.00
Director
$0 $0 $0
CARLOS SOSA DIRECTOR 5.00
Director
$0 $0 $0
JENNIFER PYRZ SECRETARY 5.00
Officer Director
$0 $0 $0
BRIAN PARKS DIRECTOR 5.00
Director
$0 $0 $0
ERIC ARMSTRONG VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
BRANDON POWELL DIRECTOR 5.00
Director
$0 $0 $0
MICHAEL LOFTON DIRECTOR 5.00
Director
$0 $0 $0
ANNIE CARUSO DIRECTOR 5.00
Director
$0 $0 $0
MARK FISHER DIRECTOR 5.00
Director
$0 $0 $0
EBONY CARTER DIRECTOR 5.00
Director
$0 $0 $0
KRISTEN DEVINE TREASURER 5.00
Officer Director
$0 $0 $0
RACHEL DICKERSON EXECUTIVE DIR. 40.00
Officer Director
$0 $0 $0
MICHAEL MCKILLIP FORMER EXECUTIVE DIR. 40.00
Officer
$95,000 $0 $95,000
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $431,662 $360,121 $837,082 $71,541
2022 $392,714 $405,573 $773,426 $-12,859
2022 $202,697 $307,712 $773,426 $-105,015
2021 $617,237 $259,133 $559,223 $358,104
2020 $171,163 $221,378 $904,600 $-50,215
2019 $35,788 $82,217 $1,043,260 $-46,429
2018 $78,473 $382,748 $884,476 $-304,275
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