Civic Intelligence

Near East Area Renewal Inc.

990 • Fiscal year 2020 • EIN 20-0146547

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 01, 2021

Organization Profilewww.nearindy.org
2807 East 10th StreetIndianapolis, IN 46201

(317) 941-6327

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.24x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.56x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$77,137

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

92nd percentile

72%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

65%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$5,506,906

Up $2,306,990 (+72%) from 2019

Net Assets

Up

$4,178,088

Up $1,660,682 (+66%) from 2019

Liabilities

Up

$1,328,818

Up $646,308 (+95%) from 2019

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin95th percentile

Revenue

Up

$2,378,738

Up $939,451 (+65%) from 2019

Expenses

Down

$718,056

Down $115,181 (-14%) from 2019

Net Income

Up

$1,660,682

Up $1,054,632 (+174%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $3,853,824Liabilities 2011: $1,933,326Net Assets 2011: $1,920,4982011Assets 2012: $4,006,979Liabilities 2012: $1,453,718Net Assets 2012: $2,553,2612012Assets 2013: $1,993,722Liabilities 2013: $456,033Net Assets 2013: $1,537,6892013Assets 2014: $1,627,030Liabilities 2014: $449,091Net Assets 2014: $1,177,9392014Assets 2015: $3,311,365Liabilities 2015: $1,646,377Net Assets 2015: $1,664,9882015Assets 2016: $2,327,262Liabilities 2016: $783,951Net Assets 2016: $1,543,3112016Assets 2017: $2,182,057Liabilities 2017: $628,014Net Assets 2017: $1,554,0432017Assets 2018: $2,976,395Liabilities 2018: $1,065,039Net Assets 2018: $1,911,3562018Assets 2019: $3,199,916Liabilities 2019: $682,510Net Assets 2019: $2,517,4062019Assets 2020: $5,506,906Liabilities 2020: $1,328,818Net Assets 2020: $4,178,0882020Assets 2021: $4,561,591Liabilities 2021: $329,166Net Assets 2021: $4,232,4252021Assets 2022: $5,123,565Liabilities 2022: $627,738Net Assets 2022: $4,495,8272022Assets 2023: $4,648,570Liabilities 2023: $299,618Net Assets 2023: $4,348,9522023Assets 2024: $4,315,445Liabilities 2024: $235,843Net Assets 2024: $4,079,6022024Assets 2025: $5,107,748Liabilities 2025: $860,208Net Assets 2025: $4,247,5402025

Highlighted filing

2020

Assets$5,506,906
Liabilities$1,328,818
Net Assets$4,178,088
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $3,106,4842011Expenses 2012: $1,868,2252012Expenses 2013: $1,487,1692013Revenue 2014: $560,994Expenses 2014: $920,744Net Income 2014: -$359,7502014Revenue 2015: $1,603,653Expenses 2015: $1,116,604Net Income 2015: $487,0492015Revenue 2016: $728,025Expenses 2016: $849,702Net Income 2016: -$121,6772016Revenue 2017: $577,085Expenses 2017: $566,353Net Income 2017: $10,7322017Revenue 2018: $1,161,621Expenses 2018: $804,308Net Income 2018: $357,3132018Revenue 2019: $1,439,287Expenses 2019: $833,237Net Income 2019: $606,0502019Revenue 2020: $2,378,738Expenses 2020: $718,056Net Income 2020: $1,660,6822020Revenue 2021: $769,880Expenses 2021: $715,543Net Income 2021: $54,3372021Revenue 2022: $993,916Expenses 2022: $730,514Net Income 2022: $263,4022022Revenue 2023: $600,174Expenses 2023: $747,049Net Income 2023: -$146,8752023Revenue 2024: $439,412Expenses 2024: $708,762Net Income 2024: -$269,3502024Revenue 2025: $977,209Expenses 2025: $809,271Net Income 2025: $167,9382025

Highlighted filing

2020

Revenue$2,378,738
Expenses$718,056
Net Income$1,660,682
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 1, 2021
Return Version
2019v5.0
Gross Receipts
$3,315,873
Mission and Program Overview

Mission

Near develops community as we create great places for neighbors.

See schedule O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$278,049$1,297,929▲ $1,019,880
Pledges and Grants Receivable$180,000$664,646▲ $484,646
Cash and Non-Interest-Bearing Accounts$574,245$552,427▼ $21,818
Accounts Receivable$38,242$61,095▲ $22,853
Prepaid Expenses and Deferred Charges$15,402$23,736▲ $8,334
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,199,916$5,506,906▲ $2,306,990
Other Assets Total$2,113,978$2,907,073▲ $793,095
Liabilities
Accounts Payable and Accrued Expenses$224,454$805,037▲ $580,583
Mortgage Notes Payable Secured by Investment Property$449,121$493,793▲ $44,672
Deferred Revenue-$28,050-
Other Liabilities$8,935$1,938▼ $6,997
Total Liabilities$682,510$1,328,818▲ $646,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,488,884$4,086,879▲ $1,597,995
Net Assets With Donor Restrictions$28,522$91,209▲ $62,687
Total Net Assets Fund Balance$2,517,406$4,178,088▲ $1,660,682
Total Liabilities and Net Assets / Fund Balance$3,199,916$5,506,906▲ $2,306,990

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,066,241-$1,066,241
Buildings$170,838$32,418$203,256
Equipment$20,031$24,486$44,517
Land$40,819-$40,819
Other Assets Org$5,553--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Franklin HayExecutive DirectorFT$69,799$7,338$77,137

Board Members and Trustees

NameTitle
Emily DuncanPresident
Andrew KienleDirector
Emel SenerDirector
Jonathan EhlkeDirector
Josh AndersonDirector
Lora TeagardenDirector
Megan BoltonDirector
Rebecca SeifertDirector
Sandra SandiferDirector
Sarah DillingerDirector
Scott ArmstrongDirector
Sherry BoudoinDirector
Tiffany BridgesDirector
Gregory TouneySecretary
Matthew KaercherTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Steven R Keller ConstructionConstruction704 W 72ND ST, Indianapolis, IN 46260$404,905
Carley Custom BuildersConstruction7123 East 46th Street, Indianapolis, IN 46226$264,081
Reynolds Construction IncConstruction95 S First Street, Zionsville, IN 46077$185,689
Revenue and Support

Revenue Composition

Contributions and Grants
$2,051,258
Program Service Revenue
$259,797
Investment Income
$38,250
Other Revenue
$29,433
All Other Contributions
$1,267,459
Change in Net Assets
$1,660,682

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$700,000Fair Market Value (FMV)
Total Noncash Contributions1$700,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,378,738
Revenue Not Reported on Form 990
$3,669
Total Revenue per Audited Statements
$2,382,407
Total Revenue per Form 990
$2,378,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$388,141
Other Expenses$329,915
Total Fundraising Expense$17,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$252,710$39,891$6,789$299,390
Current Officers, Directors, Trustees, and Key Employees$41,266$33,012$8,253$82,531
Fees for Services Accounting$9,375$40,735-$50,110
Fees for Services Other$20,134$2,850$1,900$24,884
Insurance$17,701$1,936-$19,637
Occupancy$11,720$5,860-$17,580
Depreciation Depletion$11,478$5,739-$17,217
Interest$13,149$2,828-$15,977
Office Expenses$6,198$3,343$159$9,700
Other Employee Benefits$5,017$1,203-$6,220
Other Expenses$5,834$952-$5,834
Fees for Services Legal$4,007--$4,007
All Other Expenses$1,306--$1,306
Total Functional Expenses$562,606$138,349$17,101$718,056

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$721,725
Expenses per Audited Statements$718,056
Total Expenses per Form 990$718,056
Expenses Not Reported on Form 990$3,669
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,669
Fundraising Gross Income$3,322
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiscal Agent Liability$1,938
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Near East Area Renewal's Form 990 and all related schedules, statements and attachments are reviewed and approved by the Treasurer and Executive Committee of the Board prior to filing. Additionally, a copy of the Form 990 is provided to the full Board of Directors.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“On at least an annual basis, Board Members and Key Employees complete a questionnaire in which they disclose any known conflicts of interest. Board Members and Key Employees are also asked to provide any updated information should any potential conflicts arise throughout the year. If a potential conflict arises, the Executive Committee of the Board evaluates the impact of the interested person's financial interest, assesses whether a conflict of interest arises from the financial interest and determines what action if any, is necessary to be taken.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Near East Area Renewal's Executive Committee of the Board of Directors determines and sets the compensation for the Executive Director. The Executive Director sets the compensation for the staff. Compensation is based on periodic reviews of staff performance, salary surveys, consultations with independent persons, reviews of comparable data, and deliberation.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Near East Area Renewal makes its governing documents and Form 990 available to the public upon written request made to the attention of the Executive Director and received at the corporate office address.”

Filing and Contact Details

Filer

Filer Name
Near East Area Renewal Inc
EIN
20-0146547
Phone
3179416327
Address
2807 EAST 10TH STREET, INDIANAPOLIS, IN 46201

Signing Officer

Name
Emel Sener
Title
Treasurer
Signed
2021-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Franklin Hay
Formed
2003
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
65

Preparer

Firm
PILE CPAs
Address
ONE INDIANA SQ SUITE 1200, INDIANAPOLIS, IN 46204
Preparer
Jeremy C Kopeck CPA
Phone
3172693454
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1-Mission/Activities

“From home renovations and energy audits to community outreach and education, NEAR is working to make the Near Eastside of Indianapolis even better. We work with homeowners, community leaders, and residents to ensure the development of safe and affordable housing, while ensuring that our neighborhoods thrive. Genuine communityamong diverse and empowered neighbors is our primary goal.”

Form 990, Part V, Question 2A-Employees

“Near East Area Renewal does not have any employees and is part of a PEO. NEAR staff are technically considered employees of Synergy PEO, LLC. However, compensation paid for NEAR staffing is reflected in Part IX, Statement of Functional Expenses as compensation, salaries, and wages.”

Financial Statement Notes

Part X : FIN48 Footnote

“NEAR is exempt from federal and state income taxes on its related activities under Internal Revenue Service Code Section 501(c)(3). Accordingly, no provision for federal and state income taxes has been made.NEAR files required federal and state information returns. Whenever tax returns are filed, the filing organization must evaluate the merits of its tax positions and determine if they will be ultimately sustained. Those tax positions for the Organization include maintaining their tax-exempt status and the taxability of any unrelated business income. The Organization believes these positions are sustainable. Although the Organization has not incurred any interest and penalties associated with these positions, it is their policy to expense them in the statement of activities.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Fundraising event direct expenses $3669”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Fundraising event direct expenses $3669”

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IRS990/Desc0ASSEMBLING AND COORDINATING RESOURCES TO ACQUIRE AND REHABILITATE SINGLE FAMILY HOMES ON THE NEAR EAST SIDE OF INDIANAPOLIS, FOR THE ULTIMATE SALE OR RENTAL TO ELIGIBLE FAMILIES.
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IRS990/Form990PartVIISectionAGrp/PersonNm0John Franklin Hay
IRS990/Form990PartVIISectionAGrp/PersonNm1Gregory Touney
IRS990/Form990PartVIISectionAGrp/PersonNm2Josh Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm3Jonathan Ehlke
IRS990/Form990PartVIISectionAGrp/PersonNm4Andrew Kienle
IRS990/Form990PartVIISectionAGrp/PersonNm5Megan Bolton
IRS990/Form990PartVIISectionAGrp/PersonNm6Scott Armstrong
IRS990/Form990PartVIISectionAGrp/PersonNm7Matthew Kaercher
IRS990/Form990PartVIISectionAGrp/PersonNm8Sherry Boudoin
IRS990/Form990PartVIISectionAGrp/PersonNm9Tiffany Bridges
IRS990/Form990PartVIISectionAGrp/PersonNm10Rebecca Seifert
IRS990/Form990PartVIISectionAGrp/PersonNm11Sandra Sandifer
IRS990/Form990PartVIISectionAGrp/PersonNm12Emily Duncan
IRS990/Form990PartVIISectionAGrp/PersonNm13Sarah Dillinger
IRS990/Form990PartVIISectionAGrp/PersonNm14Emel Sener
IRS990/Form990PartVIISectionAGrp/PersonNm15Lora Teagarden
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0NEAR develops community as we create great places for neighbors.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Community and Economic Development: NEAR focuses on attracting and supporting businesses that would serve and employ the communitys low-income residents and support local low-income entrepreneurs. NEAR also works with other organizations on development projects to further enhance the Near East community. These efforts include landscaping and beautification of the Payne Gateway, coordinating a Greenspace Preservation Program, developing NearIndyGuide.org to promote local businesses, implementing Art Projects designed by near east area teams, providing technical and marketing resources to local businesses, as well as the Sherman Park Project and the Minnie Hartmann Center Project. NEAR coordinated the efforts of engaging neighbors to plan for the reuse of a 50-acre brownfield in Sherman Park. NEAR has partnered with other organizations to transform Indianapolis Public School 78, the Minnie Hartmann Elementary School, into a center offering safe, affordable housing for seniors and full-day child daycare for children aged six weeks to five years.
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IRS990/PYTotalRevenueAmt01439287

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,506,906
Liabilities
$1,328,818
Net assets
$4,178,088
Revenue
$2,378,738
Expenses
$718,056
Net income
$1,660,682
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.86$4.25$0.98$0.81$0.17
2024Summary only. Only limited summary data is available for this year.$4.32$0.24$4.08$0.44$0.71$0.27
2023Summary only. Only limited summary data is available for this year.$4.65$0.30$4.35$0.60$0.75$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.12$0.63$4.50$0.99$0.73$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.56$0.33$4.23$0.77$0.72$0.05
2020Detailed filing. Detailed filing data is available for this year.$5.51$1.33$4.18$2.38$0.72$1.66
2019Summary only. Only limited summary data is available for this year.$3.20$0.68$2.52$1.44$0.83$0.61
2018Summary only. Only limited summary data is available for this year.$2.98$1.07$1.91$1.16$0.80$0.36
2017Summary only. Only limited summary data is available for this year.$2.18$0.63$1.55$0.58$0.57$0.01
2016Summary only. Only limited summary data is available for this year.$2.33$0.78$1.54$0.73$0.85$0.12
2015Summary only. Only limited summary data is available for this year.$3.31$1.65$1.66$1.60$1.12$0.49
2014Summary only. Only limited summary data is available for this year.$1.63$0.45$1.18$0.56$0.92$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.46$1.54$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$1.45$2.55$1.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$1.93$1.92$3.11