2024-08-01T12:35:29-05:00 2023-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-01-01 473583307 INDY GATEWAY INC INDY 3172234614 700 N HIGH SCHOOL RD 2ND FLOOR INDIANAPOLIS IN 46214 JEFFREY BUTTS PRESIDENT 3172234614 2024-08-01 1 0 JEFFREY M DONOVAN CPA CVA MAFF P00115798 3177456411 2024-08-01 2023 2024-08-08 14:25:15Z JEFFREY BUTTS 700 N HIGH SCHOOL RD 2ND FLOOR INDIANAPOLIS IN 46214 223777 0 X WWW.INDYGATEWAY.ORG X 2015 IN INDY GATEWAY WAS CREATED FOR AND ITS PRIMARY OBJECTIVE IS TO IMPROVE ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT. THE PURPOSES INCLUDE PROMOTING ECONOMIC GROWTH, INCREASING OPPORTUNITIES FOR THE REVITALIZATION OF NEIGHBORHOODS, AND MAKING THE WEST SIDE OF INDIANAPOLIS A PLACE WHERE FAMILIES WANT TO LIVE, WORK AND PLAY. 18 18 0 30 0 0 191502 221426 0 0 15563 0 -6864 -6160 200201 215266 39720 0 0 0 0 0 0 0 23800 136115 171082 175835 171082 24366 44184 735020 751705 69372 41873 665648 709832 X INDY GATEWAY WAS CREATED FOR AND ITS PRIMARY OBJECTIVE IS TO IMPROVE ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT. THE PURPOSES INCLUDE PROMOTING ECONOMIC GROWTH, INCREASING OPPORTUNITIES FOR THE REVITALIZATION OF NEIGHBORHOODS, AND MAKING THE WEST SIDE OF INDIANAPOLIS A PLACE WHERE FAMILIES WANT TO LIVE, WORK AND PLAY. 0 0 116612 AFFORDABLE HOUSING INDY GATEWAY CONTINUES TO BUILD DESPITE SLOWDOWNS IN BUILDING SCHEDULES. THE PROGRAM CONTINUES AND WE ARE CURRENTLY BUILDING A HOUSE AT 315 VINE AND THE AREA 31 CONSTRUCTION TRADES STUDENT STARTED BACK UP THEIR BUILDING AT 307 VINE. IN ADDITION, WE ACQUIRED 2710 TAFT AVENUE FROM US BANK FOR CLOSING COSTS AND THEY PROVIDED A DONATION TO ASSIST IN THE DEMO OF THE HOUSE AS IT IS UNSALVAGEABLE IN ITS CURRENT STATE. WE ARE PLANNING ON PUTTING ALL THESE HOUSES ON THE MARKET BY THE END OF 2024 FOR QUALIFIED HOMEBUYERS AND TURN THESE AREA LIABILITIES INTO TAX GENERATING PROPERTIES THAT WILL BENEFIT OUR LOCAL ENTITIES AND IMPROVE THE NEIGHBORHOOD AND BUILT IN FEDERALLY DESIGNATED LOW AND MODERATE-INCOME AREAS. THE OBJECTIVE WAS TO BUILD AND FINISH VINE, BUT MANY FACTORS CAUSED ITS DELAY. INDY GATEWAY BOARD OF DIRECTORS APPROVED FUNDING FOR PROFESSIONAL SERVICES FOR THE DESIGN OF A CHAPEL ROCK TRAILHEAD. THIS PROJECT IS A PARTNERSHIP WITH CHAPEL ROCK CHRISTIAN CHURCH AND THE B&O TRAIL ASSOCIATION (BOTA). THE PLAN WILL COMPLEMENT THE DEVELOPMENT TAKING PLACE THROUGH THE NEXT LEVEL TRAIL GRANT AWARDED BY THE STATE OF INDIANA TO THE B&O TRAIL ASSOCIATION AND PROVIDE FOR THE FOLLOWING:- TRAIL NODE AND PAVED PATH CONNECTION ON BOTA PROPERTY (PATH NOT COVERED UNDER NEXT LEVEL TRAIL GRANT)- TRAILHEAD PLAZA AND PATH CONNECTION ON CHURCH PROPERTY- TRAILHEAD IDENTITY SIGN- DIRECTIONAL SIGN AT CHURCH ENTRY AREASFUNDING FOR CONSTRUCTION IS BEING RAISED AND SOME DONATIONS WERE REALIZED IN 2023. THE PLAN ALSO PREPARES THE SITE FOR FUTURE TRAILHEAD EXPANSION TO INCLUDE A SHELTER AND ADDITIONAL AMENITIES SUCH AS MORE SEATING, LITTER RECEPTACLE AND BIKE RACKS.BOTA WILL HAVE THE FINAL BIDS EARLY 2024 WITH CONSTRUCTION PLANNED FOR THE TRAIL IN LATE 2024. THIS DESIGN WILL BE PART OF THE CONSTRUCTION BID PACKAGE WITH BOTA AS AN "ADD ON" AS IT IS NOT COVERED BY THE NEXT LEVEL TRAIL GRANT FUNDS THAT BOTA HAS RECEIVED.THE OBJECTIVE WAS TO BEGIN DESIGN AND START RAISING FUNDS FOR THE CONSTRUCTION OF THE TRAILHEAD. EXPENSES IN 2023 WERE PAID FROM OUR CARRIER FUND. OUR THIRD OBJECTIVE WAS SHELTON HEIGHTS PARK FUNDRAISING FOR CONTINUED MAINTENANCE OF THE PARK. THE PINTS FOR PARK EVENT WAS HELD IN SEPTEMBER. 116612 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 IN X LISA BENTLEY 3172234614 700 N HIGH SCHOOL RD 2ND FLOOR INDIANAPOLIS IN 46214 X TROY BROSSEAU PRESIDENT 1.00 X X 0 0 0 JEFFREY K BUTTS PRESIDENT ELECT 1.00 X X 0 0 0 GUY FINN TREASURER 1.00 X X 0 0 0 RENEE PACK SECRETARY 1.00 X X 0 0 0 MICHELLE BODEM DIRECTOR 1.00 X 0 0 0 TIMOTHY BROWN DIRECTOR 1.00 X 0 0 0 TODD M COOK DIRECTOR 1.00 X 0 0 0 INEZ EVANS DIRECTOR 1.00 X 0 0 0 JARED EVANS DIRECTOR 1.00 X 0 0 0 RICHARD JOSEPH DIRECTOR 1.00 X 0 0 0 JOHN WESLY PAPABATHINI DIRECTOR 1.00 X 0 0 0 RICHARD PROCTOR DIRECTOR 1.00 X 0 0 0 MATTHEW J PRUSIECKI DIRECTOR 1.00 X 0 0 0 CHRIS PRYOR DIRECTOR 1.00 X 0 0 0 ELIZABETH ROVAZZINI DIRECTOR 1.00 X 0 0 0 JONATHAN WEINZAPFEL DIRECTOR 1.00 X 0 0 0 CAITLIN WITHERS DIRECTOR 1.00 X 0 0 0 LISA BENTLEY EXECUTIVE DIRECTOR 25.00 X 0 0 0 0 0 0 0 0 0 0 0 45167 176259 221426 0 45167 8511 -8511 -8511 OTHER INCOME 900099 2351 2351 2351 215266 2351 0 -8511 70000 23800 22400 23800 1410 1410 847 847 1250 1250 1653 1653 1161 1161 PROJECT EXPENSES 65273 65273 BAD DEBT 24476 24476 MISCELLANEOUS 5012 5012 171082 116612 30670 23800 508962 357443 23869 122060 4133 119580 117927 82609 276335 735020 751705 0 1357 69372 40516 69372 41873 X 561175 644704 104473 65128 665648 709832 735020 751705 44184 0 X X 1 X 0 1 0 X 112937 240190 410984 191502 221426 1177039 112937 240190 410984 191502 221426 1177039 58949 1118090 3 3 1116 2351 3467 1180509 10112 0.94710 0.97570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97260 97260 24800 4133 20667 117927 INVESTMENTS IN REAL ESTATE 276335 C 276335 X 223777 8511 8511 215266 0 215266 179593 8511 8511 171082 0 171082 PART X, LINE 2: PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE ORGANIZATION TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE ORGANIZATION HAS EXAMINED THIS ISSUE AND HAS DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER DECEMBER 31, 2019 ARE OPEN TO AUDIT FOR FEDERAL AND STATE PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 8,511. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 8,511. FLAPJACKS 5K RUN 32328 32328 8361 SHELTON HEIGHTS PARK 12839 12839 150 45167 45167 8511 8511 -8511 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE TREASURER. IT IS THEN REVIEWED, APPROVED, AND SIGNED BY THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER COMPLETES THE APPLICABLE FORM ANNUALLY IN JANUARY OR FEBRUARY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS A CONTRACTUAL EMPLOYEE. THE HOURLY RATE FOR THE POSITION IS $48 PER HOUR, AND HAS BEEN SINCE 2020. THE INCREASE IN THE NUMBER OF HOURS WORKED HAS BEEN CONTINGENT UPON THE BUDGET AND DETERMINED EACH YEAR THROUGH THE APPROVAL OF THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST OR IN PERSON AT THE ORGANIZATION'S OFFICES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.