Westside Community Development Corporation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 28% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
ENTITY OPERATES HOUSING DEVELOPMENT PROGRAMS FOR LOW-INCOME INDIVIDUALS AND ECONOMIC DEVELOPMENT PROGRAMS FOR A SPECIFIED AREA WITHIN THE CITY OF INDIANAPOLIS, INDIANA.
- Income
- $468,669
- Spending
- $357,569
- Spent on programs
- 28%
- Reserves
- Over 10 years of spending
- Largest source of income
- government grants, 37%
- Employees
- 2
- Volunteers
- 16
- Highest pay
- $96,677, chief executive officer
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 66 out of 100.
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
16 of 20It owes 20% of what it owns.
Living within its means
15 of 15Income exceeded spending by 24% of income.
Income trend
0 of 15Income fell 74% on the year before.
Spending floor
0 of 1528% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100.
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $99,003 spent. AFFORDABLE HOMEOWNERSHIP - PLANNED THE CREATION OF 8-UNITS OF HOMEOWNERSHIP. 2 UNITS WERE SUBSTANTIALLY COMPLETED AT YEAR END 2025.- AWARDED A $1,000,000 GRANT FROM THE NATIONAL URBAN LEAGUE-IAAQLI TO CREATE 17-UNITS OF AFFORDABLE HOMEOWNERSHIP FOR BUYERS WITH INCOME UP TO 120% OF AMI BY 2025.- AWARDED HOME/CDBG FUNDING FROM THE CITY OF INDIANAPOLIS TO BUILD AFFORDABLE HOMEOWNERSHIP UNITS FOR HOUSEHOLDS WITH INCOME UP TO 80% OF AMI.- AWARDED INDI FUNDING FROM INHP TO ASSIST WITH THE 2025 BUILDS.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1985.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.