Civic Intelligence

Hamilton County Area Neighborhood Development Inc.

990 • Fiscal year 2012 • EIN 32-0080849

Jan 01, 2012 to Dec 31, 2012 • Filed on Sep 09, 2013

347 S 8th Street Suite A46060
Siviq Scores

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

Liabilities / Assets

29th percentile

0.06x

Higher debt load relative to assets than 29% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

89th percentile

26%

Faster asset growth than 89% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$5,884,347

Up $1,226,508 (+26%) from 2011

Net Assets

Up

$5,532,725

Up $1,038,437 (+23%) from 2011

Liabilities

Up

$351,622

Up $188,071 (+115%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$380,194

Up $136,710 (+56%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $2,516,147Liabilities 2010: $2,323,392Net Assets 2010: $192,7552010Assets 2011: $4,657,839Liabilities 2011: $163,551Net Assets 2011: $4,494,2882011Assets 2012: $5,884,347Liabilities 2012: $351,622Net Assets 2012: $5,532,7252012Assets 2013: $6,558,390Liabilities 2013: $534,611Net Assets 2013: $6,023,7792013Assets 2016: $8,384,143Liabilities 2016: $702,372Net Assets 2016: $7,681,7712016Assets 2017: $9,392,255Liabilities 2017: $925,824Net Assets 2017: $8,466,4312017Assets 2018: $12,054,157Liabilities 2018: $1,494,763Net Assets 2018: $10,559,3942018Assets 2019: $12,158,716Liabilities 2019: $1,665,304Net Assets 2019: $10,493,4122019Assets 2020: $12,498,132Liabilities 2020: $1,901,413Net Assets 2020: $10,596,7192020Assets 2022: $14,843,219Liabilities 2022: $2,109,580Net Assets 2022: $12,733,6392022Assets 2024: $21,266,414Liabilities 2024: $5,340,459Net Assets 2024: $15,925,9552024

Highlighted filing

2012

Assets$5,884,347
Liabilities$351,622
Net Assets$5,532,725

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $247,0922010Expenses 2011: $243,4842011Expenses 2012: $380,1942012Revenue 2013: $853,689Expenses 2013: $362,635Net Income 2013: $491,0542013Revenue 2016: $680,827Expenses 2016: $664,531Net Income 2016: $16,2962016Revenue 2017: $1,402,498Expenses 2017: $617,838Net Income 2017: $784,6602017Revenue 2018: $2,928,896Expenses 2018: $835,933Net Income 2018: $2,092,9632018Revenue 2019: $952,155Expenses 2019: $1,018,137Net Income 2019: -$65,9822019Revenue 2020: $1,382,706Expenses 2020: $1,279,399Net Income 2020: $103,3072020Revenue 2022: $2,420,036Expenses 2022: $1,177,175Net Income 2022: $1,242,8612022Revenue 2024: $2,972,350Expenses 2024: $1,995,448Net Income 2024: $976,9022024

Highlighted filing

2012

Revenue-
Expenses$380,194
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Sep 9, 2013
Return Version
2012v2.1
Gross Receipts
$1,418,631
Mission and Program Overview

Mission

Be a leader in promoting prosperity and diversity in our communities by providing quality housing solutions.

Filing and Contact Details

Filer

EIN
32-0080849
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IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01418700
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT, INC. HAS ENTERED INTO AN AGREEMENT WITH MARK III MANAGEMENT CORPORATION WHICH PROVIDES VARIOUS SERVICES TO THE CORPORATION TO MANAGE AND MAINTAIN THE CORPORATION'S SIX UNIT-APARTMENT COMPLEX, PLUM TREE GARDENS; THE CORPORATION'S EIGHT RESIDENTIAL UNITS, THE ROPER LOFTS; AND THE CORPORATION'S NINE UNIT COMMUNITY, PEBBLE BROOK GARDENS. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD IS GIVEN THE COMPLETED FORM 990 TO REVIEW AND APPROVES THE SUBMISSION TO THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation2STAFF REMINDS THE BOARD TO COMPLETE THE FORM AS NEEDED TO COMPLY WITH THE POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation3THE DIRECTOR HAS AN ANNUAL REVIEW BY THE SUPERVISOR AND THE PRESIDENT OF THE BOARD. THE RECOMMENDATIONS OF THIS REVIEW GO TO THE FULL BOARD FOR CONSIDERATION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5THE EXECUTIVE DIRECTOR AND BOARD TREASURER RECEIVES THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMEBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITOR AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/GeneralExplanation/Explanation6THE PROCUREMENT POLICY IS THE POLICY WHICH PERTAINS TO HOW THE ORGANIZATION EVALUATES PARTNERSHIPS AND THE BOARD MUST APPROVE THE PARTNERSHIP. ALSO, THE BOARD'S REAL ESTATE DEVELOPMENT COMMITTEE REVIEWS ALL PARTNERSHIPS AND PRIORITIZES PROJECTS.
IRS990ScheduleO/GeneralExplanation/Explanation7HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT, INC. (THE "CORPORATION") IS AN INDIANA NON-PROFIT CORPORATION THAT COMMENCED OPERATIONS ON JANUARY 17, 2003, FOR THE PURPOSE OF ADDRESSING THE HOUSING NEEDS OF LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES, AND SENIOR CITIZENS IN HAMILTON COUNTY, INDIANA PROVIDING AFFORDABLE HOUSING OPTIONS THROUGH THE DEVELOPMENT OF RENTAL PROPERTIES AND ASSISTING RESIDENTS IN OBTAINING HOME OWNERSHIP. THE CORPORATION HAS BEEN CERTIFIED BY THE INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY ("IHCDA") AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION ("CHDO"). THE CORPORATION'S OPERATIONS HAVE BEEN FUNDED IN PART BY COMMUNITY DEVELOPMENT BLOCK GRANTS ("CDBG") AND HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") GRANTS FOR OPERATIONS. AS OF DECEMBER 31, 2012, THE CORPORATION HAD A 100% OWNERSHIP IN FIVE ENTITIES: **HAND PLUM TREE GARDENS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, ORGANIZED TO OPERATE A 6-UNIT COMMUNITY KNOWN AS PLUM TREE GARDENS, LOCATED IN NOBLESVILLE, INDIANA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS. PLUM TREE GARDENS WAS BUILT USING PROCEEDS FROM THE CDBG AND HOME GRANTS AS WELL AS AFFORDABLE HOUSING PROGRAM ("AHP) FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS. **HAND DEVELOPMENT CORP. WAS FORMED FOR THE PURPOSE OF INVESTING IN VARIOUS LIMITED PARTNERSHIPS, WHICH HAVE BEEN ORGANIZED TO ACQUIRE, DEVELOP, OWN, AND OPERATE LOW-INCOME RESIDENTIAL RENTAL PROPERTIES. SUCH INVESTMENTS INCLUDE GENERAL PARTNER INTERESTS IN SPICEWOOD GARDEN APARTMENTS L.P. AND SPICEWOOD GARDEN APARTMENTS II, L.P., ENTITIES FORMED TO DEVELOP AND OPERATE SENIOR LIVING FACILITIES IN SHERIDAN, INDIANA. **HAND 8TH STREET REDEVELOPMENT, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, DEVELOP, AND REHABILITATE TWO MULTIFAMILY BUILDINGS IN NOBLESVILLE, INDIANA, COLLECTIVELY REFERRED TO AS THE ROPER LOFTS. THE ROPER LOFTS CONSIST OF 8 RESIDENTIAL UNITS, 2055 SQUARE FEET OF PUBLIC USE SPACE, AND 317.5 SQUARE FEET OF COMMERCIAL SPACE, WHICH IS RENTED BY THE CORPORATION. THE ROPER LOFTS WERE REHABILITATED USING CDBG FUNDS UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM ("NSP"), WHICH ALLOW FOR ELIGIBLE EXPENSES TO BE REIMBURSED EFFECTIVE APRIL 1, 2009 THROUGH FEBRUARY 28, 2013. **HAND PEBBLE BROOK GARDENS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE A 9-UNIT COMMUNITY KNOWN AS PEBBLE BROOK GARDENS LOCATED IN NOBLESVILLE, INDIANA, WHICH WILL PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. PEBBLE BROOK GARDENS WILL BE DEVELOPED USING PROCEEDS FROM A HOME GRANT, A CDBG GRANT, AND AHP FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS. **HAND LAKESIDE GARDENS, LLC, AN INDIANA LIMITED LIABILITY COMPANY, WAS ORGANIZED TO ACQUIRE, CONSTRUCT, AND OPERATE A 5-UNIT COMMUNITY KNOWN AS LAKESIDE GARDENS LOCATED IN CICERO, INDIANA, WHICH WILL PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. LAKESIDE GARDENS WILL BE DEVELOPED USING PROCEEDS FROM CDBG GRANTS AND AHP FUNDS FROM THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS. THE CORPORATION ALSO ENTERED INTO A CONTRACT WITH THE NOBLESVILLE HOUSING AUTHORITY TO ADMINISTER THE HAMILTON COUNTY NEIGHBORHOOD STABILIZATION PROGRAM ("NSP") AS PART OF THE HAMILTON COUNTY, INDIANA CDBG PROGRAM DURING THE YEAR ENDED DECEMBER 31, 2010. THE CORPORATION WAS RESPONSIBLE FOR IMPLEMENTING THE DOWNPAYMENT ASSISTANCE TO BUYERS OF FORECLOSED PROPERTIES PROGRAM. THIS CONTRACT EXPIRED DURING THE YEAR ENDED DECEMBER 31, 2010.
IRS990ScheduleO/GeneralExplanation/Identifier0OVERSIGHT OF AUDIT AND INDEPENDENT ACCOUNTANT
IRS990ScheduleO/GeneralExplanation/Identifier1JOINT VENTURE PARTICIPATION
IRS990ScheduleO/GeneralExplanation/Identifier2PROGRAM SERVICES EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5PART XII, LINE 2C
IRS990ScheduleO/GeneralExplanation/ReturnReference6PART VI, LINE 16B
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PAGE 2, PART III, LINE 4A
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00

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