GENE B GLICK FAMILY HOUSING FOUNDATION INC
Mission Statement
The Success Center at Carriage House East in Indianapolis opened in 2019 to foster a strong sense of community and support families in achieving their goals. Located within Glick Housing Foundation's largest residential community, which features over 600 apartment homes, the Success Center serves as a vital resource for both Carriage House East residents and the broader Far Eastside Indianapolis community. Spanning 10,000 square feet, the Success Center includes several multi-purpose spaces for community events, a teaching kitchen for cooking classes, an outdoor gathering space, and a welcoming entry with computers to serve as a social hub for residents and neighbors. By incorporating these community development amenities and resident service coordinator services, the Success Center at Carriage House East serves as a vital resource for fostering connection, learning, and growth in the heart of Indianapolis’ Far Eastside.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
98.2% | 87.0% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
1.8% | 10.8% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
33.5 mo | 5.2 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
43.2% | 66.9% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
70.9% | 92.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
10.4% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-2.1% | 9.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
22.3% | 0.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $96.7M | $75.1M | $209.8M | 98.2% | 0 |
| 2022 | $87.5M | $76.7M | $188.3M | 98.4% | 0 |
| 2021 | $69.4M | $64.1M | N/A | — | 0 |
Donor Reviews
Write a ReviewBe the first to share your experience with this organization.