Public Charity

RILEY AREA DEVELOPMENT CORPORATION

Based in INDIANAPOLIS, IN, RILEY AREA DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $24K in revenue, $525K in expenses, $6.4M in total assets for fiscal year 2024. Imperigo tracks 13 reported grant relationships connected to this organization totaling approximately $894K.

EIN: 310963438 INDIANAPOLIS, IN Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$24K
Total Expenses$525K
Total Assets$6.4M
Grant Records13
Funding Total$894K
Filing Years2019–2024

Mission

THE MISSION OF RILEY AREA DEVELOPMENT CORPORATION IS TO DEVELOP AND SUPPORT A SUSTAINABLE COMMUNITY ENVIRONMENT IN AND AROUND DOWNTOWN INDIANAPOLIS THROUGH AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, HEALTHY PUBLIC SPACE AND COMMUNITY DEVELOPMENT.

Where $100 goes at Riley Area Development Corporation

How Riley Area Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$74 Programs the work itself
$22 Management running the organization
$4 Fundraising raising the next dollar

Inside the $74 for programs

$74
Redevelopment of certain areas of Indianapolis to provide benefits to current and future residents
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2021
FOR PROJECT RELATED EXPENSES
$10,000
2020
FOR PROJECT RELATED EXPENSES
$27,476
$128,000
$105,100
2018
GENERAL GRANT DISBURSEMENT
$150,000

Showing up to 5 of 13 total records — full history available with membership.

Officers & Directors

TREASURER Kathleen Lara
SECRETARY Kathy Overbey
RDOOR PRESIDENT Lauren Rodriguez
VICE CHAIR Mj Trujillo
CHAIR Walter Freihofer

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$541,123 8 grants
Arts & Culture
$13,500 1 grant
Unspecified
$339,730 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $24K $525K $6.4M
2022 $357K $756K $8.1M
2020 $698K $1.0M $9.4M
2019 $1.3M $924K $10.5M

Between 2019 and 2024, reported annual revenue declined from $1.3M to $24K (-98%), with total assets most recently reported at $6.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for RILEY AREA DEVELOPMENT CORPORATION

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