Englewood Community Development Corp

Nonprofit profile at a glance

EIN
352003744
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3176391541
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Support

Reported finances

Revenue
$7,374,743
Expenses
$3,749,992
Assets
$38,895,876
Liabilities
$8,859,395

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • Susan Adams (President)
  • Michael J Bowling II (Executive Director)

Highest reported compensation

  • Michael J Bowling II (Executive Director): $55,269 total reported compensation
  • Todd Burleson-start 824 (Director of Finance): $25,115 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Englewood Community Development Corporation strives to nurture and embody love of neighbor in the areas of affordable housing, economic development, and comprehensive community development on the Near Eastside of Indianapolis.

What it reported doing in 2024

Collective Impact - ECDC is a committed partner and leader in a variety of place-based, comprehensive community development initiatives. Neighboring (or Community Engagement) - ECDC strives to improve the quality of life for its neighbors, both youth and adults, through fitness, work, play, hands-on learning opportunities, access to high-quality schools and family support.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34.6%; rating input score 35
  • Program expense ratio: 71.6%; rating input score 72
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 49.2%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 10.37; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 20.5% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 13.3% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 15.5% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 34.6% of revenue deployed · 71.6% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $55K · 15 people listed
  • Highest-paid contractors: 1 contractor listed · $1.1M reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 30 filed related-organization links
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.