Form 990 for tax year 2024
Filed by CANI S CENTER FOR COMMUNITY & ECONOMIC DEVELOPMENT.
Totals
- Total revenue
- $2,413,446
- Total expenses
- $1,450,082
- Contributions and grants received
- $1,963,634
- Grants paid
- $50
- Program service revenue
- $124,383
- Investment income
- $325,429
- Other revenue
- $0
- Total assets, end of year
- $8,749,024
- Total liabilities, end of year
- $6,203,398
- Net assets or fund balances, end of year
- $2,545,626
- Program services expenses (Part IX)
- $1,339,447
- Management and general expenses
- $110,635
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,339,447
Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,957,365
-
1f · All other contributions, gifts and grants
$6,269
-
2a · Program service revenue: OTHER PROGRAM REVENUE
total $75,048 · related or exempt $75,048
-
2b · Program service revenue: LOAN PROCESSING REVENU
total $49,335 · related or exempt $49,335
-
3 · Investment income
total $325,429 · excluded $325,429
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $50 · program services $50
-
11a · Fees: management
total $601,617 · program services $516,678 · management and general $84,939
-
11b · Fees: legal
total $38,283 · program services $38,283
-
11c · Fees: accounting
total $48,212 · program services $48,212
-
11f · Fees: investment management
total $1,262 · program services $1,262
-
11g · Fees: other
total $149,019 · program services $149,019
-
13 · Office expenses
total $31,415 · program services $9,915 · management and general $21,500
-
16 · Occupancy
total $36,519 · program services $36,519
-
17 · Travel
total $13,435 · program services $13,435
-
20 · Interest
total $67,989 · program services $67,989
-
24a · Other expenses: BAD DEBT PROVISION
total $366,991 · program services $366,991
-
24b · Other expenses: LOAN SERVICING FEE
total $46,069 · program services $46,069
-
24e · All other expenses
total $49,221 · program services $45,025 · management and general $4,196
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $474,935 · end of year $2,844,029
-
2 · Savings and temporary cash investments
beginning of year $1,140,587 · end of year $2,660,040
-
3 · Pledges and grants receivable
beginning of year $64,262 · end of year $105,490
-
4 · Accounts receivable
beginning of year $200,001 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,497,350 · end of year $2,149,209
-
9 · Prepaid expenses and deferred charges
beginning of year $15,500 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $990,256
-
17 · Accounts payable and accrued expenses
beginning of year $93,654 · end of year $154,207
-
19 · Deferred revenue
beginning of year $564,799 · end of year $384,686
-
23 · Secured mortgages and notes payable
beginning of year $1,247,786 · end of year $3,664,505
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $2,000,000
-
27 · Net assets without donor restrictions
beginning of year $504,872 · end of year $1,431,586
-
28 · Net assets with donor restrictions
beginning of year $981,524 · end of year $1,114,040
Mission and programs · 2024
Mission
CANI'S CENTER FOR COMMUNITY AND ECONOMIC DEVELOPMENT, INC. D/B/A BRIGHTPOINT DEVELOPMENT FUND WAS ORGANIZED AS A NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION TO HELP COMMUNITIES IN NEED ACHIEVE ECONOMIC SELF-SUFFICIENCY IN ACCORDANCE WITH APPLICABLE FEDERAL LAW REGARDING THE ESTABLISHMENT AND OPERATIONS OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS.
Activities or mission (Part I)
TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES PRIMARILY OF COMMUNITY ACTION OF NORTHEAST INDIANA, INC. ("CANI").
-
BRIGHTPOINT DEVELOPMENT FUND PROMOTES COMMUNITY DEVELOPMENT AS A FINANCING ENTITY SERVING DISTRESSED COMMUNITIES OR THOSE UNDERSERVED BY FINANCIAL INSTITUTIONS AND PROVIDING, AT NO COST OR BELOW MARKET, DEVELOPMENT SERVICES IN CONJUNCTION WITH ITS FINANCING ACTIVITIES AS DETERMINED WITH ACCOUNTABILITY TO ITS SERVICE MARKET.
Expenses $1,339,447 · Grants $50 · Revenue $124,383
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stephen HoffmanSTEPHEN HOFFMAN
BOARD PRESIDENT
- Total calculated
- $256,595
- From this org
- $0
- From related orgs
- $214,146
- Other
- $42,449
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $214,021 related
- Bonus
- $0
- Other
- $0 + $125 related
- Deferred
- $0 + $5,350 related
- Nontaxable benefits
- $0 + $37,099 related
- Filer's total
- $0 + $256,595 related
-
Veronica MertzVERONICA MERTZ
BOARD TREASURER
- Total calculated
- $180,801
- From this org
- $0
- From related orgs
- $147,764
- Other
- $33,037
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $145,518 related
- Bonus
- $0
- Other
- $0 + $2,246 related
- Deferred
- $0 + $9,150 related
- Nontaxable benefits
- $0 + $23,887 related
- Filer's total
- $0 + $180,801 related
-
Pamela BrookshirePAMELA BROOKSHIRE
DIRECTOR
- Total calculated
- $171,464
- From this org
- $0
- From related orgs
- $148,820
- Other
- $22,644
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $146,598 related
- Bonus
- $0
- Other
- $0 + $2,222 related
- Deferred
- $0 + $3,790 related
- Nontaxable benefits
- $0 + $18,854 related
- Filer's total
- $0 + $171,464 related
-
Matthew CrouchMATTHEW CROUCH
BOARD SECRETARY
- Total calculated
- $180,959
- From this org
- $0
- From related orgs
- $150,583
- Other
- $30,376
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,583 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $1,577 related
- Nontaxable benefits
- $0 + $28,799 related
- Filer's total
- $0 + $180,959 related
-
Jesse BeasleyJESSE BEASLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen BlevinsSTEPHEN BLEVINS
DIRECTOR (TERMED)
- Total calculated
- $0
- Hours/week
- 1
-
Rohli BookerROHLI BOOKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lajuana DunbarLAJUANA DUNBAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Shad EdwardsSHAD EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea EhresmanANDREA EHRESMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dawn GallawayDAWN GALLAWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John KesslerJOHN KESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim KuhnenTIM KUHNEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Justin LibeyJUSTIN LIBEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe MartinJOE MARTIN
DIRECTOR (TERMED)
- Total calculated
- $0
- Hours/week
- 1
-
Mitch SheppardMITCH SHEPPARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cecile WeirCECILE WEIR
DIRECTOR (TERMED)
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
COMMUNITY ACTION OF NORTHEAST INDIANA INC
501(C)(3) · TO REMOVE THE CAUSES & CONDITIONS OF POVERTY · IN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202641969349301709
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