EIN 20-0146547

Near East Area Renewal

IRS 501(c) type
501(c)(3)
Num. employees
4
State
Year formed
2003
Most recent tax filings
2024-06-01
Description
Near East Area Renewal develops equitable housing, supports local businesses, and renovates homes in Indianapolis' Near East neighborhood to foster community.
Also known as...
Indy-East Asset Development
Total revenues
$439,412
2024
Total expenses
$708,762
2024
Total assets
$4,315,445
2024
Num. employees
4
2024

Program areas at Near East Area Renewal

Acquire and rehabilitate homes: assembling and coordinating resources to acquire and rehabilitate single family homes on the Near East side of indianapolis, for the ultimate sale to eligible families.
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. To date, Near has built or redeveloped 122 single-family homes on the Near East side of indianapolis. Near also works with other organizations on development 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, providing technical and marketing resources to local businesses. Near continues to coordinate the efforts of engaging neighbors to plan for the reuse of a 50-acre brownfield in sherman park. 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.

Who funds Near East Area Renewal

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Indianapolis Neighborhood Housing Partnership (INHP)General Grant Disbursements, Core Operating Support$251,000
Nina Mason Pulliam Charitable TrustContinued Support To Provide Assistance To Existing and New Small Businesses on the Near Eastside.$20,000
Local Initiatives Support CorporationSee Part Iv$14,500

Personnel at Near East Area Renewal

NameTitleCompensation
John Franklin HayExecutive Director$78,896
Emel SenerVice Chair and Vice President$0
Cindy TaylorTreasurer$0
Marisol GouveiaSecretary$0
Jonathan EhlkeChair and President$0
...and 4 more key personnel

Financials for Near East Area Renewal

RevenuesFYE 06/2024
Total grants, contributions, etc.$257,137
Program services$0
Investment income and dividends$30,528
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$41,840
Net gain from sale of non-inventory assets$109,630
Net income from fundraising events$-139
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$416
Total revenues$439,412

Form 990s for Near East Area Renewal

Fiscal year endingDate received by IRSFormPDF link
2024-062024-12-02990View PDF
2023-062023-11-30990View PDF
2022-062022-12-08990View PDF
2021-062022-04-26990View PDF
2020-062021-04-06990View PDF
...and 10 more Form 990s
Data update history
December 24, 2024
Received grants
Identified 3 new grant, including a grant for $251,000 from Indianapolis Neighborhood Housing Partnership (INHP)
February 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 6, 2024
Updated personnel
Identified 2 new personnel
February 4, 2024
Used new vendors
Identified 1 new vendor, including
December 28, 2023
Received grants
Identified 3 new grant, including a grant for $281,000 from Indianapolis Neighborhood Housing Partnership (INHP)
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
960 N Rural St
Indianapolis, IN 46201
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Website URL
nearindy.org/ 
Phone
(317) 941-6327
IRS details
EIN
20-0146547
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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