West Indianapolis Development Corp FY2020 filing

Tax-deductible

Indianapolis, IN501(c)(3)Community DevelopmentEIN 35-1886746Revenue $855K in FY2020

On file with the IRSwestindydev.org1211 Hiatt St, 46221-1533 · Indianapolis, INTax-exempt since Sep 1993Publicly supported charity — 170(b)(1)(A)(vi)

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To identify community resources, promote community assets and implement programs and activities that increase housing opportunities and improve the quality of life in West Indianapolis.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $100K a year · 12% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $60K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$40K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$855K
Spent
$923K
To programs
79%
Net assets
$4.1M
By yearFY2020–FY2024
Revenue
$855K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$855K
FY2021$818K
FY2022$1.2M
FY2023$410K
FY2024$930K
Expenses
$923K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$923K
FY2021$1.0M
FY2022$939K
FY2023$1.1M
FY2024$770K
Net assets
$4.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$3.9M
FY2022$3.9M
FY2023$3.2M
FY2024$3.4M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $727K Management & general 21% · $195K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$65,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Lisa Laflin’s $95K as Executive Director is at the 69th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lisa Laflin$95,484$106,000$81,028$73,550$65,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See West Indianapolis Development Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves housing and quality of life in West Indianapolis by finding resources and starting programs.

Provided by the organization

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3 programs · $686K · in their own filed words · FY2020
01

Property Management

WIDC rents rehabilitated property and operational transitional housing to eligible low-income individuals.

$637Kprogram expense
02

Homeowner Repair

The West Indianapolis (WI) Home Repair Program offers a 0% interest deferred payments loan for eligible individuals who meet specific income guidelines and live within the west Indianapolis geographic boundaries.

$33Kprogram expense
03

Neighborhood Development

WIDC's effort to create healthy neighborhoods that address not only housing issues, but also education, safety, health and many other issues. This program helps neighborhood residents, businesses, and community organizations get organized and involved in the neighborhood, decide on neighborhood priorities, and act on plans to drive…

$16Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$60K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$855K
Ln 12
Fees for servicesLn 2g$603K
Investment incomeLn 3$93K
Other incomeLn 4–11$81K
Money outPt IX
$923K
Ln 25
Programscol B$727K
Managementcol C$195K
Owns and owesPt X
$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$601K
Total assetsLn 16$4.1M
LiabilitiesLn 26$40K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Government grantsLn 1e$39K
Fees for servicesLn 2g$603K
Investment incomeLn 3$93K
Other incomeLn 4–11$81K
Gains on assetsLn 7$86K
Total revenueLn 12$855K
Assets in detailPt X, end of year
CashLn 1$601K
Cash and savings togetherLn 1–2$601K
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$105K
Total assetsLn 16$4.1M
LiabilitiesLn 26$40K
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 56
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$414K$601K
Land, buildings, equipmentLn 10c$3.5M$3.3M
Total assetsLn 16$4.2M$4.1M
LiabilitiesLn 26$38K$40K
Net assetsLn 32$4.1M$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$72K$44K$29K
Other salaries and wagesLn 7$84K$51K$33K
Pension plan contributionsLn 8$222$72$150
Other employee benefitsLn 9$9K$1K$8K
Payroll taxesLn 10$62K$20K$42K
Legal feesLn 11b$3K$846$2K
Accounting feesLn 11c$17K$6K$12K
Other fees for servicesLn 11g$14K$4K$9K
Office expensesLn 13$66K$53K$14K
OccupancyLn 16$91K$83K$9K
TravelLn 17$4K$1K$3K
Depreciation, depletion and amortizationLn 22$154K$127K$26K
Other expenses (24a–d)Ln 24$345K$336K$9K
All other expensesLn 24e$875$869$6
Total functional expensesLn 25$923K$727K$195K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $930K$770K$160K$3.4M 990 PDF
FY2023 $410K$1.1M−$673K$3.2M 990 PDF
FY2022 $1.2M$939K$273K$3.9M 990 PDF
FY2021 $818K$1.0M−$191K$3.9M 990 PDF
FY2020 Viewing $855K$923K−$67K$4.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $855,187 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,018$78,500
I-9 Program service revenuePrior year $631,009$603,342
I-10 Investment incomePrior year $635$92,701
I-11 Other revenuePrior year $0$80,644
I-12 Total revenuePrior year $661,662$855,187
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $204,716$227,574
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $729,346$695,005
I-18 Total expensesPrior year $934,062$922,579
I-19 Revenue less expensesPrior year −$272,400−$67,392
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $855,187 across 8 lines filed
VIII-1e Government grants$39,300
VIII-1f All other contributions, gifts and grants$39,200
VIII-1h Total contributions, gifts and grants$78,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $603,342$603,342
VIII-3 Investment incomeExcluded from tax $6,766$6,766
VIII-7 Net gain or loss on sales of assetsExcluded from tax $85,935$85,935
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $80,644$80,644
VIII-12 Total revenueRelated to mission $603,342 · Unrelated business $0 · Excluded from tax $173,345$855,187
Part IX · Statement of functional expenses $922,579 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,601 · Management $28,646$72,247
IX-7 Other salaries and wagesPrograms $50,856 · Management $33,061$83,917
IX-8 Pension plan contributionsPrograms $72 · Management $150$222
IX-9 Other employee benefitsPrograms $1,016 · Management $7,917$8,933
IX-10 Payroll taxesPrograms $20,109 · Management $42,146$62,255
IX-11b Legal feesPrograms $846 · Management $1,774$2,620
IX-11c Accounting feesPrograms $5,508 · Management $11,545$17,053
IX-11g Other fees for servicesPrograms $4,396 · Management $9,215$13,611
IX-13 Office expensesPrograms $52,803 · Management $13,572$66,375
IX-16 OccupancyPrograms $82,570 · Management $8,909$91,479
IX-17 TravelPrograms $1,225 · Management $2,570$3,795
IX-22 Depreciation, depletion and amortizationPrograms $127,439 · Management $26,266$153,705
IX-24 Other expenses (24a–d)Programs $336,062 · Management $9,430$345,492
IX-24e All other expensesPrograms $869 · Management $6$875
IX-25 Total functional expensesPrograms $727,372 · Management $195,207 · Fundraising $0$922,579
Part X · Balance sheet $4,111,779 assets, 12 lines filed
Asset lines not itemized here account for $151,364; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $413,965$600,817
X-3 Pledges and grants receivableStart of year $36,747$2,891
X-10c Land, buildings and equipment, netStart of year $3,485,187$3,251,362
X-15 Other assetsStart of year $57,001$105,345
X-16 Total assetsStart of year $4,176,287$4,111,779
X-17 Accounts payable and accrued expensesStart of year $6,258$10,164
X-25 Other liabilitiesStart of year $31,321$30,299
X-26 Total liabilitiesStart of year $37,579$40,463
X-27 Net assets without donor restrictionsStart of year $4,138,708$4,051,316
X-28 Net assets with donor restrictions$20,000
X-32 Total net assets or fund balancesStart of year $4,138,708$4,071,316
X-33 Total liabilities and net assetsStart of year $4,176,287$4,111,779
Part XI · Reconciliation of net assets $4,071,316 net assets at year end
XI-1 Total revenue$855,187
XI-2 Total expenses$922,579
XI-3 Revenue less expenses−$67,392
XI-4 Net assets at start of year$4,138,708
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,071,316

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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