Heritage Place of Indianapolis Inc
Nonprofit profile at a glance
- EIN
- 351436580
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3172836662
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $97,074
- Expenses
- $91,642
- Assets
- $27,040
- Liabilities
- $3,874
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Nolan Taylor (President)
People named in this filing
- Nolan Taylor (President)
- Mary Beth Wott (Secretary)
- Michael Heavilon (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
Since 1976, heritage place of indianapolis, inc., has provided older adults with comprehensive services that encourage and promote healthy lifestyles, personal independence, well-being and an enhanced quality of life.
What it reported doing in 2024
Heritage place: open monday - friday, the organization offers a wide variety of educational, recreational, and social opportunities for adults age 55 and older. These programs provide opportunities for companionship, education, and volunteering. Which provides for improved health, better nutrition and independent living.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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 available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Sustainability: 34
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.4%; rating input score 76
- Program expense ratio: 80.9%; rating input score 81
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: 5.6%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 110.2%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -17.1% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -3.8% per year; rating input score 0; 38th percentile among comparable filings
- Asset growth: -10.4% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 76.4% of revenue deployed · 80.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $74K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Operating margin scored 55/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.