Insight Development Corporation

Nonprofit profile at a glance

EIN
352030346
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Indianapolis, IN, USA
Phone
3172617200
Rating confidence
Limited
Sector
Housing Rehabilitation

Reported finances

Revenue
$0
Expenses
$0
Assets
$89,859,790
Liabilities
$60,280,253

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • KAREN WASHINGTON (VICE PRESIDENT)
  • MARCIA LEWIS (PRESIDENT)

People named in this filing

  • ESTHER CARTER-DAY (CHAIRWOMAN)
  • KAREN WASHINGTON (VICE PRESIDENT)
  • MARCIA LEWIS (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Insight development corporation fosters low-income housing in and around indianapolis, Indiana and the surrounding community.

What it reported doing in 2023

Insight development corporation expands the supply of available low-cost housing accomodations by constructing, rehabilitating, and funding the financing of decent, safe, and sanitary housing in indianapolis, Indiana for persons and families of low income who otherwise would not be able to find or afford a suitable place to live. Together with indianapolis housing agency, the organization helps 2,000 families each year find quality and affordable housing in one of several neighborhoods throughout the city of indianapolis, Indiana.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 1
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0.67; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 16.9% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 11 of 13 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 23 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.

  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.