Near East Area Renewal Inc
Nonprofit profile at a glance
- EIN
- 200146547
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3179416327
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Home Improvement and Repairs
Reported finances
- Revenue
- $977,209
- Expenses
- $809,271
- Assets
- $5,107,748
- Liabilities
- $860,208
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- EMILY SCOTT (EXECUTIVE DIRECTOR)
- JOHN FRANKLIN HAY (PRIOR EXECUTIVE DIRECTOR)
- JOE SMOKER (INTERIM EXECUTIVE DIRECTOR)
Highest reported compensation
- JOHN FRANKLIN HAY (PRIOR EXECUTIVE DIRECTOR): $88,371 total reported compensation
- JOE SMOKER (INTERIM EXECUTIVE DIRECTOR): $76,862 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Near develops community by creating great places with neighbors. We express this mission through equitable housing, neighborhood renewal, creative placemaking, economic development, and environmental justice. We work with neighbors and bring people together to address local quality of life challenges.
What it reported doing in 2024
Community and economic development: near focuses on attracting and supporting businesses that would serve and employ the community's low-income residents and support local low-income entrepreneurs. Near works with other organizations on various projects to further enhance the near east community. These efforts include landscaping and beautification of the payne gateway, coordinating a greenspace preservation program, developing nearindyguide.org to promote local businesses, implementing art projects designed by near east area teams, and providing technical and marketing resources to local businesses. Near also owns the minnie hartmann center that offers safe, affordable housing for seniors and full-day child daycare for children aged six weeks to five years.
Operating model
- Revenue model
- Grant-funded. 67% of the money available for current operations came from government grants.
- 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 a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59%; rating input score 59
- Program expense ratio: 70.6%; rating input score 71
- Fundraising efficiency: $56.4 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th 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: 8 of 8 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: 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: 17.2%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 6.31; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 20.4%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: -10% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 59% of revenue deployed · 70.6% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $572K in reported program spending
- Leadership: top reported pay $88K · 17 people listed
- Highest-paid contractors: 1 contractor listed · $1.1M reported
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 8 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 9 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.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.