Overview
What is West Indianapolis Development Corp?
West Indianapolis Development Corp (WIDC) is a nonprofit organization situated in Indianapolis, Indiana. With a focus on property management, WIDC rents out rehabilitated housing units and transitional homes to eligible low-income individuals. Their primary mission is to enhance the overall quality of housing within a designated area of the city. To achieve this, WIDC employs a team of three dedicated individuals, working tirelessly to make a positive impact in the community.
Official website here: www.westindydev.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
West Indianapolis Development Corp has earned a Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. With a perfect score in accountability, the organization demonstrates transparency and responsible management of its resources, which is critical for donor trust and support.
The nonprofit boasts a fully independent board of directors, with 12 members ensuring diverse oversight and governance. Additionally, it has robust financial practices, as evidenced by its strong program expense ratio of 81.81%, indicating a significant portion of its expenses are dedicated to its mission-driven programs rather than administrative costs.
While the organization shows outstanding strengths in governance and financial responsibility, it is essential for potential supporters to consider their specific goals and the impact of the programs they support. Overall, West Indianapolis Development Corp appears to be a well-managed organization focused on effective community development.
This AI summary has been generated from information found on Charity Navigator.
Is West Indianapolis Development Corp legitimate?
West Indianapolis Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Indianapolis Development Corp 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: $85,028
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,392
For more financial information, click here
Official website here: www.westindydev.org
What is the mission statement of West Indianapolis Development Corp?
The West Indianapolis Development Corp's mission is centered around enhancing the standard of housing within a designated part of a city. Specifically, they aim to improve the quality of housing for eligible low-income individuals, achieving this through property management and operational transitional housing rentals. Their activities are geared towards contributing positively to the housing sector within the specified area.
Official website here: www.westindydev.org
Who is the CEO of West Indianapolis Development Corp?
Lisa Laflin is the President of West Indianapolis Development Corp.
Official website here: www.westindydev.org
What is the revenue of West Indianapolis Development Corp?
West Indianapolis Development Corp's revenue in 2022 was $1,211,993.
Official website here: www.westindydev.org
Who are the executives of West Indianapolis Development Corp and what are their salaries?
The average compensation at West Indianapolis Development Corp during 2022 was $50,140. There are 3 employees and 13 volunteers at West Indianapolis Development Corp.
Here are 14 key members and their salaries:
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- Compensation: $81,028
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- Other: $4,000
Official website here: www.westindydev.org
Where can I find the form 990 for West Indianapolis Development Corp?
West Indianapolis Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westindydev.org
Learn more at the official website: www.westindydev.org
Mission Statement of West Indianapolis Development Corp
West Indianapolis Development Corp, as a nonprofit organization, is dedicated to enhancing the quality of housing within a designated area of the city. Its mission is centered around this goal, striving to improve the living conditions of individuals residing within this specified locale. To achieve this, the corporation engages in property management activities. It rents out rehabilitated properties and provides operational transitional housing to eligible low-income individuals. By doing so, West Indianapolis Development Corp contributes to the betterment of housing standards within its designated area, thereby improving the living circumstances of its residents.
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Impact
October, 2024
West Indianapolis Development Corp significantly impacts the quality of housing in Indianapolis by focusing on the rehabilitation of properties and providing transitional housing for low-income individuals. Through effective property management, the organization ensures that eligible residents have access to improved living conditions in their community. This effort not only enhances the housing landscape but also fosters a sense of stability and belonging among residents, contributing to broader community improvement within the area. By addressing housing needs, West Indianapolis Development Corp plays a crucial role in uplifting the quality of life for its residents and promoting sustainable neighborhood development.
This information is meant to be a general summary of West Indianapolis Development Corp. 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: $40,829
- Program Service Revenue: $619,742
- Gross Receipts: $1,255,414
Assets and Liabilities:
- Total Assets: $4,513,120
- Total Liabilities: $626,255
- Net Assets: $3,886,865
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Rental
Revenue
$540,251
Admin Fee Income
Revenue
$63,304
Other program income
Revenue
$16,187
Organization Details
Founding Year
1992
Phone
(317) 638-9432Principal Officer
Lisa Laflin
Main Address
1211 S Hiatt St, Indianapolis, IN, 462211533
Website
www.westindydev.orgNTEE Category
Code: S20Z - Community improvement
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