Indianapolis Neighborhood Housing Partnership
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Indianapolis Neighborhood Housing Partnership meets the 20 Standards for Charity Accountability.
Marketplace Complaints
Number of Complaints processed by BBB in the past 36 months: 2
Problems with Product/Service issue
The organization addressed the complaint issues brought to its attention: 2
The organization did not address the complaint issues brought to its attention: 0
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Marketplace complaints involved consumers addressing service issues relative to this organization’s program services. BBB has received no complaints regarding this organization’s charitable solicitations.Stated Purpose:
The mission of INHP is to increase affordable and sustainable housing opportunities for individuals and families, and serve as a catalyst for the development and revitalization of neighborhoods.
Year, State Incorporated:
1988, IN
Also Known As:
I N H P
INHP was founded in 1988 as a public-private partnership by community leaders who recognized the need for an organization that could help individuals navigate the challenges associated with buying and owning a home. The organization envisioned would be driven not by profit, but instead by a mission to increase and sustain affordable housing, particularly among the underserved. For 35 years, INHP has been that organization, helping Indianapolis families open the door to affordable housing through financial and homeownership education, one-on-one advising, affordable home purchase and home repair mortgage products, post-purchase counseling and affordable housing development. Throughout these programs, INHP is responding to housing supply and demand in our city.
Since 1988, nearly 43,700 individuals have been impacted through one of INHP’s homebuyer preparation programs, and, in partnership, with the community, has financed over $700 million in mortgages for individuals and families with low and moderate incomes. In addition, INHP has impacted over 3,400 affordable housing units in Indianapolis through development, land banking, community lending, and intermediary grant making. INHP’s impact is reflected in our diverse client base and strong history of lending in underserved communities.
For the year ended December 31, 2022, Indianapolis Neighborhood Housing Partnership's program expenses were:
| Real estate | $9,621,156 |
| Single family lending | $2,208,313 |
| Homeowner development | $1,354,190 |
| Grantmaking | $1,240,446 |
| Community lending | $762,747 |
| Education | $316,590 |
| Research | $267,003 |
| Total Program Expenses | $15,770,445 |
Chief Executive
Gina Miller, President/CEO
Chair of the Board
Mr. Juan Gonzalez, Board Chairperson
Chair's Profession / Business Affiliation
Central Indiana KeyBank
Board Size
Not disclosed
Paid Staff Size
43
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Indianapolis Neighborhood Housing Partnership's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Contributions | $8,043,990 |
| Sale of real estate | $7,043,795 |
| Government grants | $2,904,905 |
| Investment income | $493,555 |
| Loans receivable interest income | $469,423 |
| In-kind contributions | $348,266 |
| Education and loan fee income | $156,672 |
| Other | $82,161 |
| Total Income | $19,542,767 |
Programs: 83% Fundraising: 4% Administrative: 13%
| Total Income | $19,542,767 |
| Total expenses: | $19,043,939 |
| Program expenses | $15,770,445 |
| Fundraising expenses | $752,138 |
| Administrative expenses | $2,521,356 |
| Other expenses | $0 |
| Income in Excess of Expenses | $498,828 |
| Beginning Net Assets | $62,939,906 |
| Other Changes In Net Assets | $-1,580,703 |
| Ending Net Assets | $61,858,031 |
| Total Liabilities | $23,126,060 |
| Total Assets | $84,984,091 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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Report completed by:
BBB Serving Central Indiana