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
86 cents of each dollar spent went to programs.
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
14 people listed on the 990; $81K paid to officers and key staff.
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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.
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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.
Questions for West Indianapolis Development Corp
Your first name shows with your question. West Indianapolis Development Corp answers here, for everyone.
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Property Management
WIDC rents rehabilitated property and operational transitional housing to eligible low-income individuals.
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…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $610K | $662K |
| Land, buildings, equipmentLn 10c | $3.1M | $1.5M |
| Total assetsLn 16 | $4.0M | $4.5M |
| LiabilitiesLn 26 | $87K | $626K |
| Net assetsLn 32 | $3.9M | $3.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $85K | $67K | $18K | |
| Other salaries and wagesLn 7 | $65K | $52K | $13K | |
| Other employee benefitsLn 9 | $20K | $13K | $6K | |
| Payroll taxesLn 10 | $46K | $31K | $15K | |
| Legal feesLn 11b | $15K | $12K | $3K | |
| Accounting feesLn 11c | $48K | $39K | $9K | |
| Other fees for servicesLn 11g | $23K | $19K | $4K | |
| Office expensesLn 13 | $158K | $133K | $25K | |
| OccupancyLn 16 | $88K | $84K | $5K | |
| TravelLn 17 | $5K | $3K | $2K | |
| InterestLn 20 | $9K | $9K | ||
| Depreciation, depletion and amortizationLn 22 | $123K | $122K | $574 | |
| Other expenses (24a–d)Ln 24 | $255K | $228K | $27K | |
| Total functional expensesLn 25 | $939K | $812K | $127K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $930K | $770K | $160K | $3.4M | 990 PDF |
| FY2023 | $410K | $1.1M | −$673K | $3.2M | 990 PDF |
| FY2022 Viewing | $1.2M | $939K | $273K | $3.9M | 990 PDF |
| FY2021 | $818K | $1.0M | −$191K | $3.9M | 990 PDF |
| FY2020 | $855K | $923K | −$67K | $4.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $1,211,993 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $1,211,993 across 8 lines filed
Part IX · Statement of functional expenses $939,472 across 13 lines filed
Part X · Balance sheet $4,513,120 assets, 12 lines filed
Part XI · Reconciliation of net assets $3,886,865 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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