Binford Redevelopment & Growth Inc
Nonprofit profile at a glance
- EIN
- 203917416
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3173004584
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $70,237
- Expenses
- $48,607
- Assets
- $144,731
- Liabilities
- $7,203
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- KEVIN SENNINGER (PRESIDENT)
- DAVID VARIE (VICE PRESIDENT)
People named in this filing
- KEVIN SENNINGER (PRESIDENT)
- DAVID VARIE (VICE PRESIDENT)
- TROY BARKER (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization was formed in 2005 to promote economic development, revitalization and beautification of public areas and roadways in the binford boulevard corridor in indianapolis, Indiana. Brag's mission is to promote economic development, revitalization, and beautification of public areas in the boundaries listed here: east 96th street (north), east 56th street (south), sargent road (east), and dean road/white river (west). Binford redevelopment and growth's current emphasis is along binford boulevard and east 71st street, revitalization of the castleton area and north shadeland ave., building community and supporting area parks within our boundaries. Additionally, brag sponsors a summer farmers market and continues to provide significant leadership on the city of indianapolis' nickle plate trail project.
What it reported doing in 2024
Brag's mission is to promote economic development, revitalization, and beautification of public areas in the boundaries listed here: east 96th street (north), east 56th street (south), sargent road (east), and dean road/white river (west). Binford redevelopment and growth's current emphasis is along binford boulevard and east 71st street, revitalization of the castleton area and north shadeland ave., building community and supporting area parks within our boundaries. Additionally, brag sponsors a summer farmers market and continues to provide significant leadership on the city of indianapolis' nickle plate trail project.
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 100
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.7%; rating input score 57
- Program expense ratio: 80%; rating input score 80
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 30.8%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 2.98; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 26.5% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 15.9% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 56.7% of revenue deployed · 80% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $39K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.