Brookside Community Development Corporation FY2021 filing

Tax-deductible

Indianapolis, IN501(c)(3)HousingEIN 81-1534304Revenue $1.9M in FY2021

On file with the IRSbrooksidecdc.org1035 N Olney St, 46201-2254 · Indianapolis, INTax-exempt since Aug 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Creating opportunities of renewal and transformation in the lives of people residing in the Brookside neighborhood.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 5
filings with a surplus
Average surplus $351K a year · 21% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $398K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$182K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+10% vs prior year
Spent
$1.2M
To programs
78%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$1.9M
FY2021▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$2.0M
FY2023$1.3M
FY2024$1.5M
Expenses
$1.2M
FY2021▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$885K
FY2021$1.2M
FY2022$1.4M
FY2023$1.7M
FY2024$1.5M
Net assets
$2.2M
FY2021▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$2.2M
FY2022$2.8M
FY2023$2.4M
FY2024$2.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Aug 2016.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $920K Management & general 18% · $216K Fundraising 3% · $39K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Interim Board President
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A

Brandon Andrews’s $41K as Executive Director is at the 5th percentile of top reported officer pay among 2036 $1–10M housing 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Brandon Andrews$40,747——
Sean Cook—$28,000$24,000

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers Brookside residents with renewal and transformation opportunities.

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Provided by the organization

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3 programs · $866K · in their own filed words · FY2021
01

Housing Program

Brookside community housing exists to provide dignity, stability, and accountability to both individuals and families that struggle with inconsistent and unreliable housing. Participants experience peace and connection through the relationships that come with being a part of the brookside family.

$424Kprogram expense
02

Play Program

Brookside community play is a youth development program for children, teens, and families in our community. Research shows that children and teens who grow up in underresourced neighborhoods like brookside experience trauma at higher rates than their peers. This trauma often results in behavior issues and poor academic performances.

$291Kprogram expense
03

Reentry Program

Brookside community reentry's mission is to care for those reentering from incarceration, addiction, and homelessness. We do this through the bridge worship service, a weekly service that offers community and support for individuals throughout their reentry journey, and our isaiah house program.

$151Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 1 grant · $37K · 2022–2022
Unitemized GrantFY2022$36,569

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$119K
Other incomeLn 4–11$28K
Money outPt IX
$1.2M
Ln 25
Programscol B$920K
Managementcol C$216K
Fundraisingcol D$39K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$420K
Total assetsLn 16$2.4M
LiabilitiesLn 26$182K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Noncash giftsLn 1g$79K
Fundraising eventsLn 1c$215K
Fees for servicesLn 2g$119K
Other incomeLn 4–11$28K
Gains on assetsLn 7−$12K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$269K
SavingsLn 2$152K
Cash and savings togetherLn 1–2$420K
InvestmentsLn 11–13$128K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$2.4M
LiabilitiesLn 26$182K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 522
VolunteersI 6107
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 FY21End FY21
Cash and savingsLn 1–2$476K$420K
InvestmentsLn 11–13$128K
Land, buildings, equipmentLn 10c$1.2M$1.8M
Total assetsLn 16$1.7M$2.4M
LiabilitiesLn 26$202K$182K
Net assetsLn 32$1.5M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$39K$39K
Other salaries and wagesLn 7$435K$318K$90K$27K
Pension plan contributionsLn 8$8K$6K$2K$510
Other employee benefitsLn 9$117K$79K$29K$9K
Payroll taxesLn 10$34K$25K$6K$2K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$64K$50K$15K
Advertising and promotionLn 12$1K$1K$50
Office expensesLn 13$50K$22K$28K
Information technologyLn 14$11K$9K$1K
OccupancyLn 16$176K$175K$1K
Conferences, conventions and meetingsLn 19$490$264$226
Depreciation, depletion and amortizationLn 22$75K$72K$2K
Other expenses (24a–d)Ln 24$136K$111K$26K
All other expensesLn 24e$17K$11K$6K
Total functional expensesLn 25$1.2M$920K$216K$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$1.5M−$37K$2.4M 990 PDF
FY2023 $1.3M$1.7M−$406K$2.4M 990 PDF
FY2022 $2.0M$1.4M$664K$2.8M 990 PDF
FY2021 Viewing $1.9M$1.2M$710K$2.2M 990 PDF
FY2020 $1.7M$885K$825K$1.5M 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 FY2021 990 (6 parts)
Part I · Summary $1,884,442 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,657,936$1,737,656
I-9 Program service revenuePrior year $61,053$118,552
I-10 Investment incomePrior year −$327−$12,124
I-11 Other revenuePrior year −$8,386$40,358
I-12 Total revenuePrior year $1,710,276$1,884,442
I-13 Grants and similar amounts paidPrior year $0$39,440
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $422,472$593,637
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $462,853$541,445
I-18 Total expensesPrior year $885,325$1,174,522
I-19 Revenue less expensesPrior year $824,951$709,920
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,884,442 across 10 lines filed
VIII-1c Fundraising events$215,203
VIII-1f All other contributions, gifts and grants$1,522,453
VIII-1g Noncash contributions (included above)$79,440
VIII-1h Total contributions, gifts and grants$1,737,656
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,552$118,552
VIII-6 Net rental income or lossExcluded from tax $21,450$21,450
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$12,124−$12,124
VIII-8 Net income from fundraising eventsExcluded from tax −$46,480−$46,480
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $65,388$65,388
VIII-12 Total revenueRelated to mission $183,940 · Unrelated business $0 · Excluded from tax −$37,154$1,884,442
Part IX · Statement of functional expenses $1,174,522 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $39,440$39,440
IX-7 Other salaries and wagesPrograms $317,735 · Management $89,753 · Fundraising $27,408$434,896
IX-8 Pension plan contributionsPrograms $6,125 · Management $1,670 · Fundraising $510$8,305
IX-9 Other employee benefitsPrograms $79,406 · Management $28,698 · Fundraising $8,763$116,867
IX-10 Payroll taxesPrograms $25,271 · Management $6,357 · Fundraising $1,941$33,569
IX-11c Accounting feesManagement $10,924$10,924
IX-11g Other fees for servicesPrograms $49,720 · Management $14,670$64,390
IX-12 Advertising and promotionPrograms $1,302 · Management $50$1,352
IX-13 Office expensesPrograms $22,151 · Management $27,632$49,783
IX-14 Information technologyPrograms $9,394 · Management $1,154$10,548
IX-16 OccupancyPrograms $174,949 · Management $1,380$176,329
IX-19 Conferences, conventions and meetingsPrograms $264 · Management $226$490
IX-22 Depreciation, depletion and amortizationPrograms $72,491 · Management $2,026$74,517
IX-24 Other expenses (24a–d)Programs $110,628 · Management $25,756$136,384
IX-24e All other expensesPrograms $10,965 · Management $5,763$16,728
IX-25 Total functional expensesPrograms $919,841 · Management $216,059 · Fundraising $38,622$1,174,522
Part X · Balance sheet $2,366,035 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $324,925$268,752
X-2 Savings and temporary cash investmentsStart of year $151,500$151,500
X-3 Pledges and grants receivableStart of year $23,008$8,614
X-9 Prepaid expenses and deferred charges$1,000
X-10c Land, buildings and equipment, netStart of year $1,176,191$1,808,178
X-12 Other securities$127,991
X-16 Total assetsStart of year $1,675,624$2,366,035
X-17 Accounts payable and accrued expensesStart of year $51,524$27,603
X-25 Other liabilitiesStart of year $150,000$154,412
X-26 Total liabilitiesStart of year $201,524$182,015
X-27 Net assets without donor restrictionsStart of year $1,299,962$2,144,489
X-28 Net assets with donor restrictionsStart of year $174,138$39,531
X-32 Total net assets or fund balancesStart of year $1,474,100$2,184,020
X-33 Total liabilities and net assetsStart of year $1,675,624$2,366,035
Part XI · Reconciliation of net assets $2,184,020 net assets at year end
XI-1 Total revenue$1,884,442
XI-2 Total expenses$1,174,522
XI-3 Revenue less expenses$709,920
XI-4 Net assets at start of year$1,474,100
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,184,020

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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