Program areas at Indy Gateway
Affordable housing Indy Gateway continues to build despite slowdowns in building schedules. The program continues and we are currently building a house at 315 vine and the area 31 construction trades student started back up their building at 307 vine. In addition, we acquired 2710 taft avenue from us bank for closing costs and they provided a donation to assist in the demo of the house as it is unsalvageable in its current state. We are planning on putting all these houses on the market by the end of 2024 for qualified homebuyers and turn these area liabilities into tax generating properties that will benefit our local entities and improve the neighborhood and built in federally designated low and moderate-income areas. The objective was to build and finish vine, but many factors caused its delay.
Our third objective was shelton heights park fundraising for continued maintenance of the park. The pints for park event was held in september.
Indy Gateway board of directors approved funding for professional services for the design of a chapel rock trailhead. This project is a partnership with chapel rock christian church and the b&o trail association (bota). The plan will complement the development taking place through the next level trail grant awarded by the state of Indiana to the b&o trail association and provide for the following:- trail node and paved path connection on bota property (path not covered under next level trail grant)- trailhead plaza and path connection on church property- trailhead identity sign- directional sign at church entry areasfunding for construction is being raised and some donations were realized in 2023. The plan also prepares the site for future trailhead expansion to include a shelter and additional amenities such as more seating, litter receptacle and bike racks.bota will have the final bids early 2024 with construction planned for the trail in late 2024. This design will be part of the construction bid package with bota as an "add on" as it is not covered by the next level trail grant funds that bota has received.the objective was to begin design and start raising funds for the construction of the trailhead. Expenses in 2023 were paid from our carrier fund.
Grants made by Indy Gateway
Who funds Indy Gateway
Grants from foundations and other nonprofits
Financials for Indy Gateway
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $221,426 | $191,502 | 15.6% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $0 | $3 | -100% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $15,560 | -100% |
| Net income from fundraising events | $-8,511 | $-7,980 | -6.7% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $2,351 | $1,116 | 110.7% |
| Total revenues | $215,266 | $200,201 | 7.5% |
Organizations like Indy Gateway
| Organization | Type | Location | Revenue |
|---|
| West Oak Lane Community Development Corporation | 501(c)(3) | Philadelphia, PA | $348,067 |
| Smith Hill Community Development Corporation | 501(c)(3) | Providence, RI | $779,323 |
| Urban Neighborhood Development Corporation | 501(c)(3) | Akron, OH | $205,172 |
| Desales Community Development | 501(c)(3) | Saint Louis, MO | $524,549 |
| New Urban Community Development Corporation | 501(c)(3) | West Palm Beach, FL | $171,655 |
| Jacobs Ladder Community Development Corporation | 501(c)(3) | Memphis, TN | $129,034 |
| Coastal Community Development Corporation | 501(c)(3) | Hilton Head Island, SC | $272,962 |
| Summit Hill Community Development Corporation | 501(c)(3) | Bloomington, IN | $1,030,154 |
| Leominster Development Corporation | 501(c)(3) | Leominster, MA | $288,563 |
| Greater Sheepshead Bay Development Corporation | 501(c)(3) | Brooklyn, NY | $65,169 |
Data update history
September 21, 2024
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 24, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
Partially liquidatedFundraising eventsPeer-to-peer fundraisingFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 700 N High School Rd 2nd Floor
- Indianapolis, IN 46214
- Metro area
- Indianapolis-Carmel-Anderson, IN
- County
- Marion County, IN
- Website URL
- indygateway.org/Â
- Phone
- (317) 223-4614
IRS details
- EIN
- 47-3583307
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2015
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L25: Housing Rehabilitation
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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