An Indianapolis neighborhood revitalization group is calling it quits 27 years after its founding because organization leaders think its mission has been accomplished.

BOS Community Development Corp., created in 1982 to develop and implement a revitalization plan for the Indiana Avenue and Midtown area, will cease operations at the end of the year, the group announced Tuesday. The organization’s primary service area is near downtown and includes Ransom Place, Flanner House Homes, Bush Stadium, the Downtown Canal and IUPUI.

“Although projects remain to be addressed, our board of directors has decided that BOS has essentially accomplished its mission,” BOS President Dorothy Jones said in prepared statement. “BOS’s activities spurred reinvestment in this neighborhood by the private sector, and that is exactly what we desired.”

BOS was founded by the Madame Walker Urban Life Center and the Midtown Economic Development and Industrial Corp., with the support of Flanner House. Groups including Madame Walker Theatre Center, Local Initiatives Support Corp. and Lilly Endowment provided initial funding.

Jones noted several BOS achievements, including co-development of three office buildings on Indiana Avenue (Walker Plaza, 500 Place and Stewart Center) and several residential redevelopment efforts (Paca Street, Fayette Street and Ransom Place).

The group’s efforts have helped spur private reinvestment in the area, said Jones, noting the Cosmopolitan on the Canal, Cultural Trail, Canal Gardens and numerous projects at Clarian and IUPUI.

BOS also started a home-repair program that assists low to moderate-income homeowners. About 8,000 people live in the area served by BOS.

“BOS has been instrumental in building a foundation for Indiana Avenue and the surrounding area,” said Tamara Zahn, president of Indianapolis Downtown Inc.