INSIGHT DEVELOPMENT CORPORATION

Address
1919 NORTH MERIDIAN STREET
INDIANAPOLIS, IN 46202
Contact
Phone: +1 (317) 261-7200
Nonprofit
NTEE: L012 - Housing and shelter
EIN: 35-2030346

Mission

INSIGHT DEVELOPMENT CORPORATION FOSTERS LOW-INCOME HOUSING IN AND AROUND INDIANAPOLIS, INDIANA AND THE SURROUNDING COMMUNITY.
 20162015201420132012
Basic features of the organization
Year of formation1997
Subsection code03
PF filing required0    
Metropolitan statistical area3480
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $164,556.00$174,269.00$0.00$133,636.00
Sum of reportable (W2/1099) compensation$0.00$116,744.00$111,851.00$113,580.00$117,368.00
Number of employees11112
Number of people compensated >$100k01111
Number of volunteers77776
Number of highly compensated contractors0000 
Personnel
Bailey, Sandra
TitlePRESIDENT  BOARD MEMBERBOARD MEMBER
Name of key/compensated personSANDRA BAILEY  SANDRA BAILEYSANDRA BAILEY
Position of compensated person
Current individual trustee or directorTrue  TrueTrue
Current officerTrue    
Average hours per week working for org1.00  1.001.00
Reportable compensation from org$0.00  $0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00  $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  $0.00$0.00
Average hours per week working for related orgs   0.0040.00
Bailey, Terri
TitleSECRETARY AND TREASURER  SECRETARY AND TREASURERSECRETARY AND TREASURER
Name of key/compensated personTERRI BAILEY  TERRI BAILEYTERRI BAILEY
Position of compensated person
Current individual trustee or directorTrue  TrueTrue
Current officerTrue  TrueTrue
Average hours per week working for org1.00  1.001.00
Reportable compensation from org$0.00  $0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00  $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  $0.00$0.00
Average hours per week working for related orgs   0.00 
Baird, Bruce
Title   PRESIDENTPRESIDENT
Name of key/compensated person   BRUCE BAIRDBRUCE BAIRD
Position of compensated person
Current officer   TrueTrue
Average hours per week working for org   35.0015.00
Reportable compensation from org   $113,580.00$117,368.00
Other comp, non-reportable, from org and related orgs   $25,760.00$16,268.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   5.0025.00
Barney, Christopher
TitleBOARD MEMBER    
Name of key/compensated personCHRISTOPHER L BARNEY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Freihofer, Walter
Title   BOARD MEMBERBOARD MEMBER
Name of key/compensated person   WALTER FREIHOFERWALTER FREIHOFER
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   1.00 
Graham, Clayton
Title   BOARD MEMBER - PARTIAL YEARBOARD MEMBER
Name of key/compensated person   CLAYTON GRAHAMCLAYTON GRAHAM
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.00 
Green, Jennifer
Title   VICE PRESIDENT 
Name of key/compensated person   JENNIFER GREEN 
Position of compensated person
Current officer   True 
Average hours per week working for org   1.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $29,981.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $85,858.00 
Average hours per week working for related orgs   40.00 
Haith, Aaron
TitleBOARD MEMBER  BOARD MEMBER - PARTIAL YEAR 
Name of key/compensated personAARON HAITH  AARON HAITH 
Position of compensated person
Current individual trustee or directorTrue  True 
Average hours per week working for org1.00  1.00 
Reportable compensation from org$0.00  $0.00 
Other comp, non-reportable, from org and related orgs$0.00  $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  $0.00 
Average hours per week working for related orgs   0.00 
Keller, Scott
TitleBOARD MEMBER  BOARD MEMBER 
Name of key/compensated personSCOTT KELLER  SCOTT KELLER 
Position of compensated person
Current individual trustee or directorTrue  True 
Average hours per week working for org1.00  1.00 
Reportable compensation from org$0.00  $0.00 
Other comp, non-reportable, from org and related orgs$0.00  $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  $0.00 
Average hours per week working for related orgs   0.00 
Morgan, Roderick
TitleCHAIRMAN  CHAIRMANCHAIRMAN
Name of key/compensated personRODERICK MORGAN  RODERICK MORGANRODERICK MORGAN
Position of compensated person
Current individual trustee or directorTrue  TrueTrue
Current officerTrue  TrueTrue
Average hours per week working for org1.00  1.001.00
Reportable compensation from org$0.00  $0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00  $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  $0.00$0.00
Average hours per week working for related orgs   0.00 
Phillips-Steele, Lori
TitleBOARD MEMBER  BOARD MEMBERBOARD MEMBER
Name of key/compensated personLORI PHILLIPS-STEELE  LORI PHILLIPS-STEELELORI PHILLIPS-STEELE
Position of compensated person
Current individual trustee or directorTrue  TrueTrue
Average hours per week working for org1.00  1.001.00
Reportable compensation from org$0.00  $0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00  $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  $0.00$0.00
Average hours per week working for related orgs   0.00 
Rodabough, Chris
Title   CFOCFO
Name of key/compensated person   CHRIS RODABOUGHCHRIS RODABOUGH
Position of compensated person
Current officer   TrueTrue
Average hours per week working for org   10.0010.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $32,403.00$23,816.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $85,624.00$86,897.00
Average hours per week working for related orgs   30.0030.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesINSIGHT DEVELOPMENT CORPORATION FOSTERS LOW-INCOME HOUSING IN AND AROUND INDIANAPOLIS, INDIANAAND THE SURROUNDING COMMUNITY.INSIGHT DEVELOPMENT CORPORATION FOSTERS LOW-INCOME HOUSING IN AND AROUND INDIANAPOLIS, INDIANA AND THE SURROUNDING COMMUNITY.INSIGHT DEVELOPMENT CORPORATION FOSTERS LOW-INCOME HOUSING IN AND AROUND INDIANAPOLIS, INDIANA AND THE SURROUNDING COMMUNITY.INSIGHT DEVELOPMENT CORPORATION FOSTERS LOW-INCOME HOUSING IN AND AROUND INDIANAPOLIS, INDIANA AND THE SURROUNDING COMMUNITY.INSIGHT DEVELOPMENT CORPORATION FOSTERS LOW-INCOME HOUSING IN AND AROUND INDIANAPOLIS, INDIANA AND THE SURROUNDING COMMUNITY.
Program service expenses, total$6,230,628.00$590,636.00$446,045.00$563,867.00$486,566.00
Programs, including revenue & expenses
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.
Program expenses$6,230,628.00$590,636.00$446,045.00$563,867.00$486,566.00
Grants and allocations made   $0.00 
Program revenue$3,164,086.00$962,440.00$2,580,613.00$865,740.00$1,379,497.00
Program descriptionINSIGHT 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.INSIGHT DEVELOPMENT CORPORATION EXPANDS THE SUPPLY OF AVAILABLE LOW-COST HOUSING ACCOMMODATIONS 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. IN 2015, construction of Penn Place, a 38-apartment affordable supportive housing property, was completed.INSIGHT DEVELOPMENT CORPORATION EXPANDS THE SUPPLY OF AVAILABLE LOW-COST HOUSING ACCOMMODATIONS 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. IN 2014, MILLIKAN, THE NEWEST AFFORDABLE INDY DOWNTOWN COMMUNITY OPENED WHICH IS LOCATED IN THE HEART OF THE CULTURAL DISTRICT AND HAS EASY ACCESS TO SHOPPING, TRANSPORTATION, NIGHTLIFE, ART AND CULTURE.INSIGHT DEVELOPMENT CORPORATION EXPANDS THE SUPPLY OF AVAILABLE LOW-COST HOUSING ACCOMMODATIONS 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.INSIGHT DEVELOPMENT CORPORATION EXPANDS THE SUPPLY OF AVAILABLE LOW-COST HOUSING ACCOMMODATIONS 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.
Financial data
Revenue
Total revenue$4,184,608.00$964,069.00$2,702,021.00$871,105.00$1,480,347.00
Revenue from contributions (total)$1,017,168.00$0.00$55,000.00$3,363.00$97,665.00
Investment income, current yr$147,954.00$150,690.00$84,306.00$82,246.00$82,942.00
Total revenue from grants, etc., current yr$1,017,168.00$0.00$55,000.00$3,363.00$97,665.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$3,019,486.00$184,369.00$217,872.00$33,715.00$135,700.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total) $629,010.00$2,344,843.00$751,781.00$1,164,040.00
Gross receipts$4,184,608.00$964,069.00$2,702,021.00$871,105.00$1,480,347.00
Sources of contributions
Revenue from gov't grants$1,017,168.00 $55,000.00$3,363.00$97,665.00
Other types of revenue
Royalties (total)   $0.00$0.00
Miscellaneous revenue (total)$818,831.00$62,513.00$153,541.00$33,715.00$135,700.00
Net revenue from gaming (total)   $0.00$0.00
Income from dividends, interest, and similar investments$147,954.00$150,690.00$84,306.00$82,246.00$82,942.00
Net rental income$2,200,655.00$121,856.00$64,331.00$0.00$0.00
Net income from fundraising events   $0.00$0.00
Net inventory sales (total)   $0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$6,528,881.00$644,619.00$460,415.00$574,297.00$500,503.00
Total functional expenses: program service $6,230,628.00$590,636.00$446,045.00$563,867.00$486,566.00
Total functional expenses: management and general$298,253.00$53,983.00$14,370.00$10,430.00$13,937.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)   $0.00$0.00
Legal fees (total)$19,637.00$502.00$2,045.00$2,082.00$323.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)   $0.00$0.00
Investment management fees (total)   $0.00$0.00
Assets and liabilities
Total assets$69,182,473.00$20,217,567.00$12,727,844.00$9,487,108.00$9,743,881.00
Total assets, beginning of year$20,217,567.00$12,727,844.00$9,487,108.00$9,743,881.00$8,756,997.00
Total liabilities$27,928,701.00$8,211,425.00$1,046,201.00$47,071.00$17,356.00
Total liabilities, beginning of year$8,211,425.00$1,046,201.00$47,071.00$17,356.00$10,316.00
Loans & receivables from key persons $0.00 $0.00$0.00
Net assets$41,253,772.00$12,006,142.00$11,681,643.00$9,440,037.00$9,726,525.00
Net assets, beginning of year$12,006,142.00$11,681,643.00$9,440,037.00$9,726,525.00$8,746,681.00
Other liabilities$10,747,771.00$212,509.00$66,186.00$30,658.00$0.00
Other assets$0.00$34,652.00$134,424.00$279,101.00$0.00
Investments: other securities   $0.00$0.00
Investments -- program-related $4,652,969.00$4,620,304.00$3,294,359.00$5,062,315.00
Loans and other payables to key persons   $0.00$0.00
Other financial variables
Revenue less expenses-$2,344,273.00$319,450.00$2,241,606.00$296,808.00$979,844.00
Advertising (total)$11,411.00$4,473.00$3,140.00$2,825.00$1,158.00
Savings & temp cash investment$4,956,329.00$2,245,664.00$3,666,730.00$5,627,090.00$4,476,610.00
Accounts receivable, net$185,977.00$33,490.00$1,202,103.00$788.00$1,710.00
Prepaid expenses & deferred charges$2,925,478.00$5,893.00$5,536.00$6,636.00$4,314.00
Accounts payable & accrued expenses$380,323.00$1,738,661.00$980,015.00$16,413.00$17,356.00
Deferred revenue$130,704.00$12,433.00   
Unsecured notes & loans to unrelated parties$50,000.00$50,000.00   
Secured mortgages and notes payable$16,619,903.00$6,197,822.00   
Total net assets or fund balances$41,253,772.00$12,006,142.00$11,681,643.00$9,440,037.00$9,726,525.00
Depreciation, depletion, amortization$2,291,120.00$63,204.00$10,412.00$1,226.00$0.00
Payment to affiliates   $0.00$0.00
Governance and accountability
Number of voting members77776
Number of independent voting members77776
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Org has controlled entityTrueTrueTrueTrueTrue
Org transacted with controlled entityTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-032017-02-222016-02-102014-12-032014-01-03
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.1
Filing identifier201723199349318322201603149349303145201523099349301642201413179349306756201313199349301406
Use these data in your project Benchmark this organization against its peers