Nonprofit · EIN 14-1857868
INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION
Also known as MIDWEST SUPPORT FOUNDATION INC
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$9,997,398 | $198,872 | -$10,196,270 | $9,605,256 | $2,203,619 | $7,401,637 |
| December 31, 2023 | 990 | $2,709,252 | $29,363 | $2,679,889 | $19,830,310 | $2,232,403 | $17,597,907 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,690,000
- Program service revenue
- $119,065
- Investment income
- -$11,861,105
- Net gain from sales of assets
- -$12,064,100
- Other revenue
- $54,642
Expenses
- Grants and similar amounts paid
- $100,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,129
- Accounting fees
- $23,673
- Occupancy
- $56,644
- Program services (functional)
- $173,070
- Management and general (functional)
- $25,802
Balance sheet and other
- Total assets, start of year
- $19,830,310
- Total assets, end of year
- $9,605,256
- Total liabilities, end of year
- $2,203,619
- Net assets, end of year
- $7,401,637
- Land, buildings and equipment
- $1,690,000
- Net assets without donor restrictions
- $7,401,637
- Gross receipts
- $3,479,328
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANINE BETSEY | CHAIR / TREASURER Trustee or director, Officer | 5 | $0 |
| KRISTEN DAVIS | SECRETARY Trustee or director, Officer | 5 | $0 |
| JAMES TAYLOR | BOARD MEMBER Trustee or director | 5 | $0 |
| TRACY ALDRICH | BOARD MEMBER Trustee or director | 5 | $0 |
| DUSTIN DETZLER | BOARD MEMBER Trustee or director | 5 | $0 |
| AARON LASTER | BOARD MEMBER Trustee or director | 5 | $0 |
| KEN BRETZ | FORMER BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANINE BETSEY | CHAIR / TREASURER Trustee or director, Officer | 5 | $0 |
| KRISTEN DAVIS | SECRETARY Trustee or director, Officer | 5 | $0 |
| JAMES TAYLOR | BOARD MEMBER Trustee or director | 5 | $0 |
| TRACY ALDRICH | BOARD MEMBER Trustee or director | 5 | $0 |
| KEN BRETZ | BOARD MEMBER Trustee or director | 5 | $0 |
| DUSTIN DETZLER | BOARD MEMBER Trustee or director | 5 | $0 |
| AARON LASTER | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 E WASHINGTON ST STE 100, INDIANAPOLIS, IN 46202-4152
- In care of
- % TAMMI HUGHES
- Principal officer (990 for 2024)
- JANINE BETSEY, 1301 E WASHINGTON ST SUITE 100, INDIANAPOLIS, IN 46202
- Signed the 990
- JANINE BETSEY, CHAIR / TREASURER
- Phone
- (317) 282-0220
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
THE EXEMPT PURPOSE OF THE CORPORATION IS TO EXCLUSIVELY BE ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BUT NOT LIMITED TO, COMBATING COMMUNITY DETERIORATION BY DEVELOPING AND FOSTERING LOW-INCOME HOUSING, WHILE MAINTAINING THE HISTORIC FOUNDATION OF THE COMMUNITY, IN ORDER TO PROVIDE EDUCATIONAL, SOCIAL, AND CULTURAL SERVICES BASED ON COMMUNITY AND NEIGHBORHOOD NEEDS THROUGHOUT THE MIDWEST
Program accomplishments
- REAL ESTATE DEVELOPMENT - THE ORGANIZATION PARTICIPATES IN LEADING DEVELOPMENT AND HISTORIC REHABILITATION OF COMMERCIAL OR MIXED USE BUILDINGS ALONG IN THE MIDWEST. AS A DEVELOPER, CO-DEVELOPER, OR FACILITATOR, THE ORGANIZATION RECEIVES FINANCING AND SUBSIDY FUNDS TO DIRECTLY IMPROVE, OR ENCOURAGE IMPROVEMENT, OF KEY PROPERTIES CRITICAL TO THE OVERALL REDEVELOPMENT EFFORTS IN THE MIDWEST.Expenses $173,070 · grants $100,000 · revenue $376,702
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1857868
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $9,605,256
- Income (IRS master file)
- $3,479,328
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$9,997,398 | $198,872 | $9,605,256 | XML |
| 990 | December 2023 | $2,709,252 | $29,363 | $19,830,310 | XML |
| 990 | December 2022 | $473,300 | $167,701 | $17,449,030 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1857868).
Questions about INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION
- What is the EIN of INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION?
- The employer identification number (EIN) of INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION is 14-1857868.
- Is INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION?
- The 990 for the year ended December 31, 2024 names JANINE BETSEY.
- Who are the officers and directors of INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does INDIANAPOLIS EASTSIDE REVITALIZATION CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$9,997,398, expenses of $198,872 and total assets of $9,605,256 at year end.
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