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Northend Properties INC FY2023 filing

Tax-deductible

Lafayette, IN501(c)(3)Since 2017Community DevelopmentEIN 82-1547582Revenue $735K in FY2023

On file with the IRSfaithlafayette.org5526 State Road 26 E, 47905-8712 · Lafayette, INTax-exempt since Aug 2017Supporting org, Type I — 509(a)(3)

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The corporation is a supporting organization of faith church of lafayette, INC; is organized and will be operated at all times exclusively for the benefit of faith church of lafayette, INC., and will distribute any income IT receives, less any required payments for debt service, reserves, and expenses to faith church of lafayette, INC. The corporation also cooperates with faith community development corporation and governments to revitalize distressed neighborhoods, encourage growth,economic development, community development and stability in the greater lafayette, indiana area, and to stabilize and enhance and serve low and moderate-income neighborhoods there.

501(c)(3) charity; gifts are tax-deductible.
14¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.0M a year · 60% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
14%
of spending
Concern: 14% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $29K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13.9M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$735K
+0.2% vs prior year
Spent
$597K
To programs
14%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$735K
FY2023+0.2%
Tap a bar for its year
Revenue by fiscal year
FY2021$734K
FY2022$733K
FY2023$735K
FY2024$764K
FY2025$13.5M
Expenses
$597K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$613K
FY2022$613K
FY2023$597K
FY2024$578K
FY2025$4.1M
Net assets
$1.1M
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$846K
FY2022$966K
FY2023$1.1M
FY2024$1.3M
FY2025$10.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2017.

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

Where the money goes

14 cents of each dollar spent went to programs.

Program services 14% · $81K Management & general 86% · $516K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Matt Westhuis
CFO/Vice Pre
$0Pt VII · Sec A
Scott Grass
Secretary/Tr
$0Pt VII · Sec A
Ross Reeder
Director
$0Pt VII · Sec A
Rod Hutton
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Northend Properties INC 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 15aNo

Programs and updates

Supports a church and revitalizes distressed neighborhoods through community development and economic growth.

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Provided by the organization

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1 program · $81K · in their own filed words · FY2022
01

The corporation cooperates with faith community development corporation and governments to revitalize distressed neighborhoods, encourage growth, economic development, community development and stability in the greater lafayette, indiana area, and to stabilize and enhance and serve low and moderate-income neighborhoods there.

$81Kprogram 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 · FY2023
Faith Community Development CorporationFY2023$29K
Total grants receivedfrom 1 funder$29K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$735K
Ln 12
Gifts and grantsLn 1h$576K
Other incomeLn 4–11$157K
Investment incomeLn 3$2K
Money outPt IX
$597K
Ln 25
Programscol B$81K
Managementcol C$516K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$15.0M
LiabilitiesLn 26$13.9M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$576K
Investment incomeLn 3$2K
Other incomeLn 4–11$157K
Total revenueLn 12$735K
Assets in detailPt X, end of year
CashLn 1$299
SavingsLn 2$129K
Cash and savings togetherLn 1–2$129K
Land, buildings, equipmentLn 10c$11.6M
Total assetsLn 16$15.0M
LiabilitiesLn 26$13.9M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$224K$129K
Land, buildings, equipmentLn 10c$12.0M$11.6M
Total assetsLn 16$14.8M$15.0M
LiabilitiesLn 26$13.9M$13.9M
Net assetsLn 32$966K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$18K$18K
InterestLn 20$172K$172K
Depreciation, depletion and amortizationLn 22$343K$343K
Other expenses (24a–d)Ln 24$55K$55K
Total functional expensesLn 25$597K$81K$516K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.5M$4.1M$9.3M$10.6M 990 PDF
FY2024 $764K$578K$185K$1.3M 990 PDF
FY2023 Viewing $735K$597K$138K$1.1M 990 PDF
FY2022 $733K$613K$121K$966K 990 PDF
FY2021 $734K$613K$122K$846K 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 FY2023 990 (6 parts)
Part I · Summary $734,797 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $579,353$576,275
I-9 Program service revenue$0
I-10 Investment incomePrior year $37$1,569
I-11 Other revenuePrior year $153,875$156,953
I-12 Total revenuePrior year $733,265$734,797
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $612,740$596,706
I-18 Total expensesPrior year $612,740$596,706
I-19 Revenue less expensesPrior year $120,525$138,091
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $734,797 across 5 lines filed
VIII-1d Related organizations$576,275
VIII-1h Total contributions, gifts and grants$576,275
VIII-3 Investment incomeExcluded from tax $1,569$1,569
VIII-6 Net rental income or lossExcluded from tax $156,953$156,953
VIII-12 Total revenueExcluded from tax $158,522$734,797
Part IX · Statement of functional expenses $596,706 across 5 lines filed
IX-11c Accounting feesPrograms $8,908$8,908
IX-11g Other fees for servicesPrograms $17,500$17,500
IX-20 InterestManagement $172,375$172,375
IX-22 Depreciation, depletion and amortizationManagement $343,345$343,345
IX-24 Other expenses (24a–d)Programs $54,578$54,578
IX-25 Total functional expensesPrograms $80,986 · Management $515,720 · Fundraising $0$596,706
Part X · Balance sheet $14,980,558 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $299$299
X-2 Savings and temporary cash investmentsStart of year $223,666$128,826
X-4 Accounts receivableStart of year $2,335,278$2,911,553
X-10c Land, buildings and equipment, netStart of year $11,957,957$11,627,623
X-14 Intangible assetsStart of year $325,268$312,257
X-16 Total assetsStart of year $14,842,468$14,980,558
X-17 Accounts payable and accrued expensesStart of year $86,187$86,186
X-26 Total liabilitiesStart of year $13,876,187$13,876,186
X-27 Net assets without donor restrictionsStart of year $966,281$1,104,372
X-32 Total net assets or fund balancesStart of year $966,281$1,104,372
X-33 Total liabilities and net assetsStart of year $14,842,468$14,980,558
Part XI · Reconciliation of net assets $1,104,372 net assets at year end
XI-1 Total revenue$734,797
XI-2 Total expenses$596,706
XI-3 Revenue less expenses$138,091
XI-4 Net assets at start of year$966,281
XI-10 Net assets at end of year$1,104,372

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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