Overview
What is Indianapolis Neighborhood Housing Partnership Inc?
Indianapolis Neighborhood Housing Partnership Inc (INHP) is a nonprofit organization based in Indianapolis, Indiana, with a mission to expand affordable and sustainable housing opportunities for individuals and families while catalyzing neighborhood development. Established over 35 years ago, INHP has empowered low and moderate-income families to overcome homeownership barriers and access mortgage financing. In 2022, INHP supported nearly 1,490 families through affordable housing programs and services, including graduating 1,276 families from education classes and originating 34 first mortgages for clients purchasing in Marion County. INHP offers various mortgage products, such as first mortgage origination, down payment assistance, emergency repair loans, and refinance loans. Additionally, INHP addresses home repair needs through second mortgages and home improvement loans. Their team of licensed mortgage loan originators guides clients to choose an affordable mortgage, qualify for it, and successfully close on a mortgage to purchase their desired home. INHP's community lending options primarily yield the creation or preservation of affordable single-family and multi-family housing in Marion County.
Official website here: www.inhp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Indianapolis Neighborhood Housing Partnership (INHP) has achieved a high rating of 96% on Charity Navigator, showcasing its strong accountability and financial health. With an impressive program expense ratio of 82.57%, the organization demonstrates its commitment to using funds directly for its mission of supporting homeownership. Constituent feedback is exceptionally positive, with a perfect score in feedback collection and usage, indicating strong engagement with those it serves.
However, there are noted limitations based on user reviews that reflect a mixed experience for clients. Several individuals have reported significant communication issues and unmet expectations during their interactions with INHP, particularly in the context of home financing and support. Complaints include unreturned calls and emails, last-minute loan denials, and a perception of unprofessionalism among staff, highlighting potential areas for improvement in customer service.
While many professionals and donors praise INHP for its effective programs and dedicated staff, the negative experiences shared by clients raise concerns about the consistency and reliability of its services. It is clear that while INHP has a strong organizational framework, addressing the feedback from clients will be crucial to enhancing its overall impact and ensuring that it fully meets the needs of those seeking to achieve homeownership.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Indianapolis Neighborhood Housing Partnership Inc legitimate?
Indianapolis Neighborhood Housing Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Neighborhood Housing Partnership 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: $1,659,762
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,040,718
For more financial information, click here
Official website here: www.inhp.org
What is the mission statement of Indianapolis Neighborhood Housing Partnership Inc?
The Indianapolis Neighborhood Housing Partnership Inc aims to expand affordable and sustainable housing options for individuals and families, acting as a catalyst in neighborhood development and revitalization. For over three decades, this organization has increased access to affordable housing and homeownership for Marion County residents, investing in community development activities. They empower families with low and moderate incomes through education and personalized homeownership advising, enabling them to overcome barriers and secure mortgage financing. Simultaneously, the organization works to expand the overall supply of affordable housing. The community development system is strengthened through the provision of capital, technical resources, grantmaking, research commissioning, and partnerships with community-based housing development organizations.
Official website here: www.inhp.org
Who is the CEO of Indianapolis Neighborhood Housing Partnership Inc?
Gina Miller is the President & Ceo (End 10/22) of Indianapolis Neighborhood Housing Partnership Inc. The CEO's salary of Indianapolis Neighborhood Housing Partnership Inc is $117,601 and their total compensation is $121,976.
Official website here: www.inhp.org
What is the revenue of Indianapolis Neighborhood Housing Partnership Inc?
Indianapolis Neighborhood Housing Partnership Inc's revenue in 2022 was $18,655,764.
Official website here: www.inhp.org
Who are the executives of Indianapolis Neighborhood Housing Partnership Inc and what are their salaries?
The average compensation at Indianapolis Neighborhood Housing Partnership Inc during 2022 was $74,611. There are 63 employees and 62 volunteers at Indianapolis Neighborhood Housing Partnership Inc.
Here are 30 key members and their salaries (Indianapolis Neighborhood Housing Partnership Inc's CEO's salary is $117,601 and their total compensation is $121,976):
- Compensation: $340,303
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- Other: $11,008
- Compensation: $238,847
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- Other: $33,487
- Compensation: $234,385
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- Other: $34,751
- Compensation: $223,185
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- Other: $33,490
- Compensation: $162,788
- Related: $0
- Other: $32,422
- Compensation: $174,938
- Related: $0
- Other: $18,184
- Compensation: $130,316
- Related: $0
- Other: $29,819
- Compensation: $128,471
- Related: $0
- Other: $15,940
- Compensation: $104,710
- Related: $0
- Other: $29,494
- Compensation: $117,601
- Related: $0
- Other: $4,375
- Compensation: $102,756
- Related: $0
- Other: $16,012
- Compensation: $110,113
- Related: $0
- Other: $4,722
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Official website here: www.inhp.org
Where can I find the form 990 for Indianapolis Neighborhood Housing Partnership Inc?
Indianapolis Neighborhood Housing Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inhp.org
Learn more at the official website: www.inhp.org
Mission Statement of Indianapolis Neighborhood Housing Partnership Inc
Indianapolis Neighborhood Housing Partnership Inc, a leading nonprofit organization, has been dedicated for over 35 years to increasing affordable and sustainable housing opportunities for individuals and families in their community. The organization serves as a catalyst for the development and revitalization of neighborhoods by providing access to capital, leveraging technical resources, and partnering with community-based housing development organizations.
Inhp's mission is multi-faceted. On one hand, it focuses on empowering families with low and moderate incomes through education and one-on-one homeownership advising, enabling them to overcome barriers to homeownership and access mortgage financing. Simultaneously, Inhp works to expand the overall supply of affordable housing in the community. The nonprofit organization provides grantmaking, commissions research, and offers various support services to strengthen the community development system in Indianapolis.
By investing in affordable housing and community development activities, Inhp has significantly increased access to affordable housing and homeownership for Marion County families. The organization's efforts go beyond just providing housing; it also aims to revitalize neighborhoods and improve the overall quality of life for residents. Through its commitment to affordable housing, Inhp is a valuable supporting organization for the City of Indianapolis and the United Way.
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Impact
October, 2024
Indianapolis Neighborhood Housing Partnership Inc has a significant impact in increasing affordable and sustainable housing opportunities for individuals and families, while also catalyzing neighborhood development and revitalization. In 2022, nearly 1,490 families benefited from various programs and services aimed at enhancing their housing situation.
One of the key successes includes the graduation of 1,276 families from educational classes that prepare them for homeownership. This educational aspect is crucial as it equips families, particularly those with low and moderate incomes, with the necessary knowledge and financial capability to navigate the homebuying process effectively.
Financially, INHP closed 149 mortgage loans, amounting to approximately $22 million, which enabled families to secure financing for purchasing homes. Through direct lending programs, families received a variety of options, including first mortgage originations, down payment assistance, and home improvement loans. A notable initiative is the First Look Program, which mitigates competitive bidding challenges faced by lower-income buyers, allowing them to view and bid on homes before others.
The organization's tailored community lending options promote the creation and preservation of affordable single-family and multi-family housing. With over 35 years of commitment to service, INHP remains focused on empowering low and moderate-income families and investing in neighborhood enhancements.
In 2022 alone, they enabled 149 households to purchase or repair their homes, fostering long-term successful homeownership in Marion County. By addressing the barriers to homeownership and helping families access capital for repairs, INHP plays a vital role in strengthening the community and enhancing the quality of life for many Indianapolis residents.
This information is meant to be a general summary of Indianapolis Neighborhood Housing Partnership 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: $7,318,554
- Program Service Revenue: $638,545
- Gross Receipts: $36,361,002
Assets and Liabilities:
- Total Assets: $84,984,091
- Total Liabilities: $23,126,060
- Net Assets: $61,858,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN RECEIVABLE INTEREST INCOME
Revenue
$469,423
LOAN FEE INCOME
Revenue
$98,695
FEE INCOME
Revenue
$20,900
COUNSELING FEE INCOME
Revenue
$13,500
CREDIT REPORT FEE INCOME
Revenue
$36,027
Organization Details
Founding Year
1988
Phone
(317) 610-4637Principal Officer
Gina Miller
Main Address
3550 N WASHINGTON BLVD, INDIANAPOLIS, IN, 46205
Website
www.inhp.orgNTEE Category
Code: L128 - Housing
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