Overview
What is Intend Indiana Inc?
Intend Indiana Inc, based in Indianapolis, Indiana, is a nonprofit organization dedicated to community development. They utilize innovative financing and development solutions to create and preserve affordable housing, support neighborhood revitalization efforts, and foster small business development. During the COVID-19 pandemic, Intend Indiana provided affordable refinancing loans to 9 homeowners negatively affected. Through their Edge Fund and HomePower programs, they closed a total of 12 home loans, totaling over $2.5 million. Additionally, they offered homeowner coaching to 175 potential low-income home buyers, demonstrating their commitment to improving living conditions and financial stability in their community. With a team of 21 employees, Intend Indiana continues to contribute to comprehensive community development in Indiana.
Official website here: www.intendindiana.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 4 Stars (100%)**
Intend Indiana Inc has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization scored a perfect 100% in Accountability & Finance, with robust oversight mechanisms in place, such as an independent board and regular financial audits. This rating signifies that donations are likely to be used effectively and responsibly.
Key strengths of the organization include a majority of independent board members, a high program expense ratio of 84%, and comprehensive policies for transparency and governance. These attributes indicate a well-structured organization that actively adheres to best practices in nonprofit finance and operations. However, it is important to note that Intend Indiana Inc cannot currently be evaluated based on Impact & Measurement, Culture & Community, or Leadership & Adaptability methodologies.
Unfortunately, user reviews from GreatNonprofits are not available at this time, limiting insights from the public perspective.
This AI summary has been generated from information found on Charity Navigator.
Is Intend Indiana Inc legitimate?
Intend Indiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Intend Indiana Inc 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: $344,347
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,040,531
For more financial information, click here
Official website here: www.intendindiana.org
What is the mission statement of Intend Indiana Inc?
Intend Indiana Inc is dedicated to promoting comprehensive community development through innovative financing and development solutions. Their goal is to create and preserve affordable housing, support neighborhood revitalization efforts, and foster small business development. They achieve this by utilizing their Edge Fund to close home loans, provide affordable refinancing, and offer homeowner coaching to potential low-income home buyers. Their initiatives aim to improve living conditions and stimulate local economies.
Official website here: www.intendindiana.org
Who is the CEO of Intend Indiana Inc?
Steven A Meyer is the Chief Executive Officer of Intend Indiana Inc. The CEO's salary of Intend Indiana Inc is $180,126 and their total compensation is $199,552.
Official website here: www.intendindiana.org
What is the revenue of Intend Indiana Inc?
Intend Indiana Inc's revenue in 2022 was $8,234,589.
Official website here: www.intendindiana.org
Who are the executives of Intend Indiana Inc and what are their salaries?
The average compensation at Intend Indiana Inc during 2022 was $65,947. There are 21 employees and 12 volunteers at Intend Indiana Inc.
Here are 16 key members and their salaries (Intend Indiana Inc's CEO's salary is $180,126 and their total compensation is $199,552):
- Compensation: $180,126
- Related: $0
- Other: $19,426
- Compensation: $125,991
- Related: $0
- Other: $18,804
- Compensation: $109,683
- Related: $0
- Other: $6,179
- Compensation: $103,508
- Related: $0
- Other: $13,918
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.intendindiana.org
Where can I find the form 990 for Intend Indiana Inc?
Intend Indiana Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.intendindiana.org
Learn more at the official website: www.intendindiana.org
Mission Statement of Intend Indiana Inc
Intend Indiana Inc, a nonprofit organization, advances comprehensive community development through innovative financing and development solutions. Their mission is to create and preserve affordable housing, support neighborhood revitalization efforts, and foster small business development. This mission is accomplished by providing various financing programs, such as the Homesmart Home Purchase Program and HomePower Loans, which have collectively helped numerous homeowners secure loans worth millions of dollars. Intend Indiana Inc also offers affordable refinancing loans through its IndyAMP program, assisting homeowners negatively impacted by COVID-19. Moreover, the organization provides homeowner coaching to potential low-income home buyers, aiming to empower individuals and contribute to community growth.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Intend Indiana Inc. plays a crucial role in advancing comprehensive community development in Indianapolis, focusing on innovative financing and development solutions. By providing access to affordable housing, the organization has successfully closed six home loans through the Homesmart Home Purchase Program, amounting to nearly $1 million. Additionally, they have facilitated six Homepower loans totaling over $1.4 million, as well as refinancing for nine homeowners impacted by the COVID-19 pandemic, which totaled more than $1.1 million through the IndyAMP program.
Their impact extends beyond financial assistance; they also provide essential coaching to 175 potential low-income home buyers, empowering them to navigate the complexities of homeownership. Through these efforts, Intend Indiana Inc. not only helps to preserve affordable housing but also actively supports neighborhood revitalization and fosters small business development, contributing significantly to the economic and social fabric of the community.
This information is meant to be a general summary of Intend Indiana Inc. 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: $1,655,710
- Program Service Revenue: $487,412
- Gross Receipts: $10,675,665
Assets and Liabilities:
- Total Assets: $31,055,042
- Total Liabilities: $6,818,242
- Net Assets: $24,236,800
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$403,095
ORIGINATION FEES
Revenue
$79,217
PROPERTY MANAGEMENT FEE
Revenue
$5,100
Organization Details
Founding Year
1987
Phone
(317) 924-8116Principal Officer
Steven A Meyer
Main Address
1704 BELLEFONTAINE STREET, INDIANAPOLIS, IN, 46202
Website
www.intendindiana.orgNTEE Category
Code: L200 - Housing
If you are a representative of Intend Indiana Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.