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← CANI S CENTER FOR COMMUNITY & ECONOMIC DEVELOPMENT

Form 990 for tax year 2022

Filed by CANI S CENTER FOR COMMUNITY & ECONOMIC DEVELOPMENT.

Totals

Total revenue
$719,520
Total expenses
$816,385
Contributions and grants received
$592,322
Grants paid
$259
Program service revenue
$39,861
Investment income
$87,337
Other revenue
$0
Total assets, end of year
$1,626,613
Total liabilities, end of year
$799,293
Net assets or fund balances, end of year
$827,320
Program services expenses (Part IX)
$727,307
Management and general expenses
$84,863
Fundraising expenses
$4,215
Program service expenses (Part III)
$727,307

Program services were 89.1% 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)

    $552,323

  • 1f · All other contributions, gifts and grants

    $39,999

  • 2a · Program service revenue: LOAN PROCESSING REVENU

    total $26,346 · related or exempt $26,346

  • 2b · Program service revenue: SELF-SUFFICIENCY REVEN

    total $13,515 · related or exempt $13,515

  • 3 · Investment income

    total $87,337 · excluded $87,337

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $259 · program services $259

  • 11a · Fees: management

    total $347,571 · program services $329,209 · management and general $16,567 · fundraising $1,795

  • 11b · Fees: legal

    total $13,364 · program services $12,658 · management and general $637 · fundraising $69

  • 11c · Fees: accounting

    total $4,345 · program services $4,116 · management and general $207 · fundraising $22

  • 11g · Fees: other

    total $91,193 · program services $86,375 · management and general $4,347 · fundraising $471

  • 13 · Office expenses

    total $19,954 · program services $18,900 · management and general $951 · fundraising $103

  • 16 · Occupancy

    total $15,900 · program services $15,060 · management and general $758 · fundraising $82

  • 17 · Travel

    total $335 · program services $317 · management and general $16 · fundraising $2

  • 19 · Conferences, conventions and meetings

    total $6,827 · program services $6,467 · management and general $325 · fundraising $35

  • 20 · Interest

    total $4,304 · program services $4,077 · management and general $205 · fundraising $22

  • 23 · Insurance

    total $272 · program services $258 · management and general $13 · fundraising $1

  • 24a · Other expenses: TRANSFERS

    total $150,500 · program services $142,549 · management and general $7,174 · fundraising $777

  • 24b · Other expenses: BAD DEBT PROVISION

    total $119,750 · program services $100,000 · management and general $19,750

  • 24c · Other expenses: LOAN SERVICING FEE

    total $30,736 · program services $4,285 · management and general $26,428 · fundraising $23

  • 24e · All other expenses

    total $11,075 · program services $2,777 · management and general $7,485 · fundraising $813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $176,238 · end of year $229,444

  • 2 · Savings and temporary cash investments

    beginning of year $802,858 · end of year $861,862

  • 3 · Pledges and grants receivable

    beginning of year $2,000 · end of year $26,044

  • 4 · Accounts receivable

    beginning of year $172,352 · end of year $16,704

  • 7 · Other notes and loans receivable

    beginning of year $282,921 · end of year $492,559

  • 17 · Accounts payable and accrued expenses

    beginning of year $110,904 · end of year $99,293

  • 19 · Deferred revenue

    beginning of year $401,280 · end of year $500,000

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $200,000

  • 27 · Net assets without donor restrictions

    beginning of year $924,185 · end of year $827,320

Mission and programs · 2022

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 $727,307 · Grants $259 · Revenue $39,861

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Hoffman

    BOARD PRESIDENT

    Total calculated
    $227,534
    From this org
    $0
    From related orgs
    $190,873
    Other
    $36,661
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,873 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,350 related
    Nontaxable benefits
    $0 + $31,311 related
    Filer's total
    $0 + $227,534 related

  • Veronica Mertz

    BOARD TREASURER

    Total calculated
    $143,624
    From this org
    $0
    From related orgs
    $116,993
    Other
    $26,631
    Hours/week
    2 + 40 related

  • Matthew Crouch

    BOARD SECRETARY

    Total calculated
    $134,959
    From this org
    $0
    From related orgs
    $112,318
    Other
    $22,641
    Hours/week
    2 + 40 related

  • Jesse Beasley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Brookshire

    DIRECTOR

    Total calculated
    $158,726
    From this org
    $0
    From related orgs
    $123,465
    Other
    $35,261
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $119,092 related
    Bonus
    $0 + $4,373 related
    Other
    $0
    Deferred
    $0 + $3,790 related
    Nontaxable benefits
    $0 + $31,471 related
    Filer's total
    $0 + $158,726 related

  • Stephen Blevins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lajuana Dunbar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dawn Gallaway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Libey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Kessler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cecile Weir

    DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
24 July 2024
IRS schema version
2022v5.0
Source object
202422089349300807

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