Nonprofit · EIN 35-2030346
INSIGHT DEVELOPMENT CORPORATION
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $0 | $0 | $0 | $89,859,790 | $60,280,253 | $29,579,537 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $89,859,790
- Total assets, end of year
- $89,859,790
- Total liabilities, end of year
- $60,280,253
- Net assets, end of year
- $29,579,537
- Land, buildings and equipment
- $72,550,387
- Gross receipts
- $0
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ESTHER CARTER-DAY | CHAIRWOMAN Trustee or director, Officer | 1 | $0 |
| KAREN WASHINGTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARCIA LEWIS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL ALLEN | SECRETARY Trustee or director | 1 | $0 |
| WILLLIAM ZINK | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1919 N MERIDIAN ST, INDIANAPOLIS, IN 46202-1303
- In care of
- % ROBERT WILKES
- Principal officer (990 for 2023)
- DR WILLIE GARRETT, 1919 NORTH MERIDIAN STREET, INDIANAPOLIS, IN 46202
- Signed the 990
- DR WILLIE GARRETT, EXECUTIVE DIRECTOR
- Phone
- (317) 261-7200
- Return prepared by
- CBIZ ADVISORS LLC
Mission
INSIGHT DEVELOPMENT CORPORATION FOSTERS LOW-INCOME HOUSING IN AND AROUND INDIANAPOLIS, INDIANA AND THE SURROUNDING COMMUNITY.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2030346
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L251)
- Assets (IRS master file)
- $89,859,790
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $0 | $0 | $89,859,790 | XML |
| 990 | December 2022 | -$737,702 | -$2,578,404 | $89,859,790 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2030346).
Questions about INSIGHT DEVELOPMENT CORPORATION
- What is the EIN of INSIGHT DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of INSIGHT DEVELOPMENT CORPORATION is 35-2030346.
- Is INSIGHT DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to INSIGHT DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does INSIGHT DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INSIGHT DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSIGHT DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of INSIGHT DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2023 names DR WILLIE GARRETT.
- Who are the officers and directors of INSIGHT DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does INSIGHT DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $0, expenses of $0 and total assets of $89,859,790 at year end.
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