2024-05-06T15:11:04-04:00 2023-12-31 351939627 BADEN GAGE & SCHROEDER LLC 6920 POINTE INVERNESS WAY 300 FORT WAYNE IN 468047926 990 2023-01-01 310947416 COMMUNITY DEVELOPMENT CORPORATION OF FORT WAYNE COMM 2604271125 200 E BERRY STREET RM/STE 320 FORT WAYNE IN 46802 CHERYL BLACKMAN EXECUTIVE DIRECTOR 2604271125 2024-04-26 true CHERYL BLACKMAN 999009999 false BRIAN D BOWMAN CPA P00540295 2604222551 2024-05-06 2023 2023-04-26 12:10:37Z GRANT DAILY 200 E BERRY STREET STE 320 FORT WAYNE IN 46802 681898 false X WWW.CDCNEIN.ORG X 1978 IN TO STIMULATE ECONOMIC GROWTH AND PROSPERITY THROUGHOUT THE COMMUNITIES WE SERVE BY PROVIDING ALTERNATIVE FINANCING OPTIONS TO NEW AND EXISTING SMALL BUSINESS OWNERS. 14 14 3 14 0 471890 0 537971 559465 7692 119708 2289 2725 1019842 681898 25000 25000 0 348892 377579 0 0 1732 166215 375624 568794 644218 113104 11219392 11337680 63240 68424 11156152 11269256 X TO STIMULATE ECONOMIC GROWTH AND PROSPERITY THROUGHOUT THE COMMUNITIES WE SERVE BY PROVIDING ALTERNATIVE FINANCING OPTIONS TO NEW AND EXISTING SMALL BUSINESS OWNERS. false false THE ORGANIZATION ADMINISTERS LOANS TO NEW AND EXPANDING BUSINESSES IN INDIANA. THE ORGANIZATION ADMINISTERS LOANS TO NEW AND EXPANDING BUSINESSES IN INDIANA. false false false false false false false false false false false false false false false true false false false false false false false false false false true false false false false false false false false false false false false false false false false true 2 3 true 3 true false false false false false false false false X 14 14 false false false false true true true true true false false false true true true false true true true false IN X COMMUNITY DEVELOPMENT CORP 2604271125 200 E BERRY ST STE 320 FORT WAYNE IN 46802 CHERYL BLACKMAN EXECUTIVE DI 40.00 X 111432 0 27709 CHRIS BANDEMER DIRECTOR 0.50 X 0 0 0 GRANT DAILY PRESIDENT 1.00 X X 0 0 0 PALERMO GALINDO DIRECTOR 1.00 X 0 0 0 KEITH GILLENWATER DIRECTOR 1.00 X 0 0 0 JUSTIN HAYES DIRECTOR 1.00 X 0 0 0 BARBARA JOHNSON DIRECTOR 2.00 X 0 0 0 BETH MCAVOY DIRECTOR 1.00 X 0 0 0 CURTIS METZ SECRETARY 2.00 X X 0 0 0 CARYN NAVE DIRECTOR 1.00 X 0 0 0 KIENAN O'ROURKE DIRECTOR 1.00 X 0 0 0 BENJAMIN ROUSSEL DIRECTOR 2.00 X 0 0 0 ERIC TODD VICE PRESIDE 1.00 X X 0 0 0 DENNIS TRATNYEK DIRECTOR 1.00 X 0 0 0 CECILE WEIR TREASURER 1.00 X X 0 0 0 111432 27709 1 false false false SBA CLOSING AND SERVICING FEE 522291 355084 355084 LOAN INTEREST 522291 201881 201881 LOAN APPLICATION FEES 522291 6342 6342 RETURN OF REVOLVING LOAN FUND -3842 -3842 559465 119708 119708 MISCELLANEOUS 2725 2725 2725 681898 562190 119708 25000 25000 139141 27828 111313 166574 123016 43558 19527 14156 5371 28000 11200 16800 24337 12952 11385 23450 23450 6084 6084 1866 727 1139 46162 14917 31245 584 584 251 251 10913 10913 PROVISION FOR LOAN LOSSE 58940 58940 SEMINARS & TRAINING 9392 9392 FEE & LICENSE EXPENSE 7801 6243 1558 MISCELLANEOUS 650 650 122 122 568794 311161 257633 0 X 6803152 6339783 12221 48889 4404019 4949008 11219392 11337680 63240 68424 63240 68424 X 2376359 2447164 8779793 8822092 11156152 11269256 11219392 11337680 113104 X false true X true true true 681898 681898 681898 568794 568794 568794 false SMALL BUSINESS DEVELOPMENT CENTER 4312 HOBSON ROAD SUITE B FORT WAYNE IN 46815 356000158 GOV 10000 ECONOMIC INVESTMENT FORT WAYNE SCORE 110 WEST BERRY ST LL101 FORT WAYNE IN 46802 521067290 501C3 10000 ECONOMIC INVESTMENT 2 FORM 990, PAGE 2, PART III, LINE 4D THE ORGANIZATION ADMINISTERS LOANS TO NEW AND EXPANDING BUSINESSES IN INDIANA. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS CONSIST OF THE BOARD OF DIRECTORS WHICH ADHERE TO CDC'S BY-LAWS AND CONFIDENTIALITY AGREEMENT. FORM 990, PAGE 6, PART VI, LINE 7A THE BY-LAWS STATE THAT FIVE BANKS MUST FILL THE BOARD MEMBERSHIP; WHEREAS THE BANKS ON ROTATION DURING THAT YEAR CHOOSE SOMEONE TO REPRESENT THEIR BANK FOR THE APPROPRIATE BOARD TERM. A NON CITY EMPLOYEE MAYORAL APPOINTEE AND ALLEN COUNTY ELECT ONE MEMBER EACH AND FOLLOW THE SAME MEMBERSHIP RULES. THE OTHER BOARD MEMBERS ARE FILLED BY BUSINESSES AND COMMUNITY ORGANIZATIONS AND ARE ELECTED BY THE CURRENT BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B THE BOARD MEMBERS REVIEW THE LOANS DURING WEEKLY BOARD MEETINGS ON A SECURED PASSWORD PROTECTED WEBSITE AND PROVIDE AN APPROVAL OR DENIAL TO EACH LOAN PRESENTED. THEY REVIEW AND APPROVE THE QUARTERLY FINANCIAL STATEMENTS BUSINESS OPERATIONS, DELINQUENCY REPORTS, ETC. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD HAS APPROVED THE AUDIT/BUDGET COMMITTEE, WHICH IS A SUBCOMMITTEE CONSISTING OF FOUR BOARD MEMBERS AND THE EXECUTIVE DIRECTOR TO REVIEW AND APPROVE THE FORM 990 PRIOR TO BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE MEMBERS ADHERE TO THE CONFIDENTIALITY AGREEMENT WHEREAS DURING A BOARD MEETING, A MEMBER MUST ABSTAIN FROM THE LOAN REVIEW PROCESS IF THERE IS A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES RECEIVE SALARY COMPENSATION. THE CDC STAFF ARE CONTRACTED BY THE CITY OF FORT WAYNE AND ARE CONSIDERED CITY OF FORT WAYNE EMPLOYEES. THEIR REVIEW AND APPROVAL PROCESS IS BASED ON THE CITY OF FORT WAYNE'S HUMAN RESOURCE PRACTICES. FORM 990, PAGE 6, PART VI, LINE 15B SAME PROCESS AS PART VI, SECTION B, LINE 15A. FORM 990, PAGE 6, PART VI, LINE 19 DISCLOSURES ARE AVAILABLE UPON REQUEST. FORM 990, PART X SALARIES AND FRINGE BENEFITS FOR CDC STAFF HAVE BEEN PROVIDED BY THE CITY OF FORT WAYNE. ON FORM 990, THESE SERVICES ARE REFLECTED ON PART IX LINES 5-10. RELATED AMOUNTS FOR OFFICERS OF THE ORGANIZATON ARE REPORTED ON PART VII, SECTION A, COLUMN D.