2024-11-15T11:31:35-06:00 2023-12-31 311119890 Barnes Dennig & Co LTD 8470 Allison Pointe Blvd Suite 200 Indianapolis IN 46250 990 2023-01-01 351886746 West Indianapolis Development Corp WEST 3176389432 1211 S Hiatt St Indianapolis IN 462211533 Lisa Laflin Executive Director 3176389432 2024-11-15 1 1 Paula Hume P00537516 3175721130 2024-11-15 2023 2024-10-15 13:58:12Z Lisa Laflin 1211 S Hiatt St Indianapolis IN 462211533 2646491 0 X www.westindydev.org X 1992 IN Improve the quality of housing within a specified area of the city of Indianapolis 11 11 3 13 0 0 551422 346261 619742 418980 40829 -359952 0 4735 1211993 410024 0 0 0 0 216374 282938 0 0 0 723098 800234 939472 1083172 272521 -673148 4513120 3254184 626255 44997 3886865 3209187 X Improve the quality of housing within a specified area of the city of Indianapolis. 0 1 148963 418980 Property Management - WIDC rents rehabilitated property and operational transitional housing to eligible low-income individuals. 50953 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. 74039 Retail - WIDC acquires property, builds new homes, and subsequently sells them to low income qualified homebuyers. 511284 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 meaningful change. Home Development - WIDC works with the Indianapolis Neighborhood Partnership and Habitat for Humanity to assist qualifying persons to obtain a mortgage loan to buy a home. 511284 785239 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Lisa Laflin 3176389432 1211 S Hiatt St Indianapolis IN 462211533 Toby Salyers President 2.00 X X 0 0 0 Eddie Beagles Exit 0323 Vice President 2.00 X X 0 0 0 Cindy Miers Exit-0623 Secretary 2.00 X X 0 0 0 Mike Clemens Director 1.00 X 0 0 0 Kristen Marble Director 1.00 X 0 0 0 Michele Annee Director 1.00 X X 0 0 0 Karla Washington Director 1.00 X 0 0 0 Kevin Watson Director 1.00 X 0 0 0 Phil Huldeen Director 1.00 X 0 0 0 Cara Zogorski Exit 1223 Director 1.00 X 0 0 0 David Carrender Exit-1223 Director 1.00 X 0 0 0 Tammy Goodyear Start-0123 Director 1.00 X 0 0 0 Nicole Kizzee Start -0723 Director 1.00 X 0 0 0 Lisa Laflin Executive Director 40.00 X 106000 0 8000 106000 0 8000 1 0 0 0 SIM Construction 6308 Central Blvd Whitestown IN 46075 Construction 178963 1 275290 70971 346261 Low Income Rental 531110 302228 302228 Other Program Income 531110 61357 61357 Admin Fee Income 531110 55395 55395 418980 39922 39922 1836593 2236467 -399874 -399874 -399874 Other Income 900099 4735 4735 4735 410024 418980 0 -355217 X 114000 72695 41305 100645 63692 36953 52416 36786 15630 15877 11143 4734 13859 9726 4133 30428 21354 9074 157643 110633 47010 251325 187329 63996 30920 24373 6547 23876 16756 7120 16179 16179 76616 62970 13646 Repairs 97873 84380 13493 Taxes and Insurance 67773 47563 20210 Miscellaneous 27590 19660 7930 Bad Debt Expense 6152 6152 1083172 785239 297933 0 662163 1408463 108821 23004 60639 41404 3288618 1786809 1477724 1501809 2203773 279504 4513120 3254184 92829 28476 501480 0 31946 16521 626255 44997 X 3866865 3179187 20000 30000 3886865 3209187 4513120 3254184 X -673148 -4530 X X 0 1 X 1 0 X 30018 78500 151925 551442 346261 1158146 631009 603342 614244 619742 418980 2887317 661027 681842 766169 1171184 765241 4045463 0 0 0 4045463 635 6766 63 398 39922 47784 635 6766 63 398 39922 47784 80644 6520 4735 91899 661662 769252 772752 1171582 809898 4185146 0.96660 0.97540 0.01140 0.00330 X Schedule A, Part III, Line 12, Explanation of Other Income: Other Income - 2020 Amount: $ 5,260. 2021 Amount: $ 6,520. 2023 Amount: $ 4,735. Replacement Reserve Income - Insurance Proceeds - 2020 Amount: $ 75,384. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 291551 291551 2908355 1599519 1308836 88712 187290 -98578 1501809 Property under development 279504 279504 Security deposits 16521 16521 X 410024 0 410024 0 410024 1083172 0 1083172 0 1083172 Part X, Line 2: West Indianapolis Development Corporation (WIDC) has been granted an exemption from income taxes as a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code. Management believes that WIDC has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Form 990, Part III, line 3 We sold our senior apartment building, but still manage the property. Form 990, Part VI, Section B, line 11b West Indianapolis Development Corp's Form 990 and all related schedules, statements and attachments are reviewed and approved by the Executive Director, the appropriate representative(s) from the board of director's executive committee and the auditing outside CPA prior to finalizing and filing these tax returns with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c West Indianapolis Development Corporation requires members of the board of directors and applicable staff to complete a questionnaire about possible conflict of interest each year. A member of the board of directors monitors and enforces compliance. Form 990, Part VI, Section B, line 15 West Indianapolis Development Corp's board of directors determines and sets all staffing compensation rates after a thorough review of all related issues, consultation with independent persons, review of comparable data and deliberation. Form 990, Part VI, Section C, line 19 West Indianapolis Development Corporation makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the public upon written request made to the attention of our Executive Director and received at our corporate office address as well as another's website. Form 990, Part IX, line 11g Other Professional: Program service expenses 110,633. Management and general expenses 47,010. Fundraising expenses 0. Total expenses 157,643. Form 990, Part XI, line 9: Effect of adopting new accounting standard -4,530. Form 990, Part XII, Line 2C: No changes in the process from the prior year.