NEAR EAST AREA RENEWAL INC

NEAR EAST AREA RENEWAL INC

Indianapolis, IN, US
501(c)3
EIN
20-0146547

NEAR EAST AREA RENEWAL INC

Indianapolis, IN, US
501(c)3
EIN
20-0146547

Overview

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Est.

2003

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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NEAR EAST AREA RENEWAL INC (EIN: 20-0146547) is a nonprofit organization dedicated to enhancing community well-being in the Near East area through initiatives focused on equitable housing, neighborhood renewal, creative placemaking, economic development, and environmental justice. With an operating budget of $809.3K and total revenue of $977.2K for the filing year 2025, the organization collaborates with local residents to tackle quality of life challenges. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. More information can be found at www.nearindy.org.

Mission Statement

NEAR EAST AREA RENEWAL ("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.
Revenues

$977.2K

Expenses

$809.3K

Net Income:
+$167.9K
Assets

$5.1M

Liabilities

$860.2K

Net Assets:
+$4.2M
Operating Budget

$809.3K

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

2

Median grant size
$141.4K
Largest grant received
$250.5K
M
Michael Gomez
Board Member
D
Desma Belsaas
Board Member
E
Emily Duncan
Board Member

Frequently Asked Questions

What is NEAR EAST AREA RENEWAL INC’s budget?
In 2025, NEAR EAST AREA RENEWAL INC reported an annual operating budget of around $809 thousand. More detailed financial information is available to registered users.
What causes does NEAR EAST AREA RENEWAL INC support?
NEAR EAST AREA RENEWAL INC supports work in Home repairs.
Where does NEAR EAST AREA RENEWAL INC operate?
NEAR EAST AREA RENEWAL INC is headquartered in Indianapolis, IN.
Who funded NEAR EAST AREA RENEWAL INC recently?
In 2024, NEAR EAST AREA RENEWAL INC received grants from Indianapolis Neighborhood Housing Partnership Inc, LOCAL INITIATIVES SUPPORT CORPORATION, and Indianapolis Neighborhood Housing Partnership Inc. More information on this organization’s funders is available to registered users.
What is the largest grant NEAR EAST AREA RENEWAL INC received in 2024?
The largest grant to NEAR EAST AREA RENEWAL INC in 2024 exceeds $251 thousand.
What is NEAR EAST AREA RENEWAL INC’s reliance on government grants?
NEAR EAST AREA RENEWAL INC relied on government grants for more than 65% of their total revenue in 2025.
Overview
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