Overview
What is Riley Area Development Corporation?
Riley Area Development Corporation is a nonprofit organization situated in Indianapolis, Indiana, specifically at 441 West Michigan Street, with a mission to foster a sustainable community environment in and around downtown Indianapolis. They achieve this by focusing on affordable housing, economic development, promoting healthy public spaces, and community development. By engaging in these activities, they aim to benefit both current and future residents of the area, contributing to its overall growth and well-being. With a small team of three dedicated individuals, Riley Area Development Corporation is committed to enhancing the quality of life in their community.
Official website here: www.rileyarea.org
Is Riley Area Development Corporation legitimate?
Riley Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riley Area Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $32,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,645
For more financial information, click here
Official website here: www.rileyarea.org
What is the mission statement of Riley Area Development Corporation?
The Riley Area Development Corporation is committed to establishing a sustainable community environment, primarily focusing on downtown Indianapolis. They achieve this goal through several initiatives, including the development of affordable housing, promoting economic growth, enhancing public spaces, and fostering community development. Their mission is to benefit both current and future residents by redeveloping certain areas of the city.
Official website here: www.rileyarea.org
What is the revenue of Riley Area Development Corporation?
Riley Area Development Corporation's revenue in 2022 was $357,362.
Official website here: www.rileyarea.org
Who are the executives of Riley Area Development Corporation and what are their salaries?
The average compensation at Riley Area Development Corporation during 2022 was $35,446. There are 3 employees at Riley Area Development Corporation.
Here are 8 key members and their salaries:
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- Compensation: $32,692
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Official website here: www.rileyarea.org
Where can I find the form 990 for Riley Area Development Corporation?
Riley Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rileyarea.org
Learn more at the official website: www.rileyarea.org
Mission Statement of Riley Area Development Corporation
Riley Area Development Corporation, a nonprofit organization, is committed to establishing and sustaining a community environment that is both viable and beneficial for residents in and around downtown Indianapolis. They achieve this mission through various strategies, including the promotion of affordable housing, economic development, the cultivation of healthy public spaces, and community development. By focusing on these areas, Riley Area Development Corporation aims to contribute positively to the lives of both current and future residents, ultimately enhancing the overall quality of life in the community.
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Impact
October, 2024
Riley Area Development Corporation significantly contributes to the revitalization and sustainable growth of neighborhoods in and around downtown Indianapolis. By focusing on affordable housing, the organization ensures that residents have access to safe and stable living conditions, fostering a sense of community and security.
The impact extends beyond housing; economic development initiatives stimulate local job creation and support businesses, enhancing the overall economic vitality of the area. Furthermore, the emphasis on healthy public spaces encourages community engagement and promotes well-being, allowing residents to enjoy vibrant recreational areas and shared environments.
Community development efforts are integral in strengthening social ties and creating inclusive spaces for diverse populations. By redeveloping specific areas, Riley Area Development Corporation not only meets the needs of current residents but also ensures that future generations will benefit from a more equitable and livable urban landscape.
This information is meant to be a general summary of Riley Area Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $88
- Program Service Revenue: $292,450
- Gross Receipts: $575,720
Assets and Liabilities:
- Total Assets: $8,104,060
- Total Liabilities: $1,205,721
- Net Assets: $6,898,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$130,105
PARTNERSHIP FEE INCOME
Revenue
$122,245
PROPERTY MANAGEMENT INCOME
Revenue
$40,000
OTHER PROGRAM REVENUE
Revenue
$100
Organization Details
Founding Year
1979
Principal Officer
Bruce R Baird
Website
www.rileyarea.orgNTEE Category
Code: S31Z - Community improvement
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