2025-04-23T09:16:38-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2024-01-01 310947416 COMMUNITY DEVELOPMENT CORPORATION OF FORT WAYNE COMM 2604271125 200 E BERRY STREET STE 320 FORT WAYNE IN 46802 CHERYL BLACKMAN EXECUTIVE DIRECTOR 2604271125 2025-04-22 1 1 ANDREW SMITH CPA P01518894 3096714500 2025-04-16 2024 2025-03-06 01:10:19Z GRANT DAILY 200 E BERRY STREET STE 320 FORT WAYNE IN 46802 813979 0 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 0 0 0 559465 560027 119708 253183 2725 769 681898 813979 25000 4500 0 0 377579 392532 0 0 0 166215 176254 568794 573286 113104 240693 11337680 11573506 68424 63557 11269256 11509949 TO STIMULATE ECONOMIC GROWTH AND PROSPERITY THROUGHOUT THE COMMUNITIES WE SERVE BY PROVIDING ALTERNATIVE FINANCING OPTIONS TO NEW AND EXISTING SMALL BUSINESS OWNERS. 0 0 406121 THE ORGANIZATION ADMINISTERS LOANS TO NEW AND EXPANDING BUSINESSES IN INDIANA. 406121 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X DAWN PUTNEY 2604271125 200 E BERRY STREET STE 320 FORT WAYNE IN 46802 BARBARA JOHNSON DIRECTOR 2.00 X 0 0 0 BENJAMIN ROUSSEL DIRECTOR 1.00 X 0 0 0 BETH MCAVOY DIRECTOR 0.50 X 0 0 0 CARYN NAVE DIRECTOR 1.00 X 0 0 0 CECILE WEIR TREASURER 0.50 X X 0 0 0 CHRIS BANDEMER DIRECTOR 1.00 X 0 0 0 CURTIS METZ SECRETARY (THRU 3/24) 0.50 X X 0 0 0 DENNIS TRATNYEK DIRECTOR 1.00 X 0 0 0 ERIC TODD VICE PRESIDENT 2.00 X X 0 0 0 GRANT DAILY PRESIDENT 0.50 X X 0 0 0 ISAAC LEE DIRECTOR 3.00 X 0 0 0 JUSTIN HAYES DIRECTOR 1.00 X 0 0 0 KIENAN O'ROURKE SECRETARY 1.00 X X 0 0 0 KRISTIN SMITH DIRECTOR 1.00 X 0 0 0 PALERMO GALINDO DIRECTOR 2.00 X 0 0 0 CHERYL BLACKMAN EXECUTIVE DIRECTOR 40.00 X 10615 0 133395 DARREN RENIER FINANCE SPECIALIST 40.00 X 12375 0 106111 22990 0 239506 0 0 0 0 0 SBA CLOSING AND SERVIC 522291 319919 319919 LOAN INTEREST 522291 232423 232423 LOAN APPLICATION FEES 522291 7685 7685 560027 253183 253183 MISCELLANEOUS 900099 769 769 769 813979 560796 0 253183 X 4500 4500 262496 175435 87061 126700 92516 34184 3336 3336 27950 27950 191 191 2188 1973 215 37126 33480 3646 512 425 87 277 277 12685 12685 PROVISION FOR CREDIT LO 77543 77543 SEMINARS & TRAINING 8081 8081 FEES & LICENSES 7591 7257 334 PRINTING & POSTAGE 1465 1305 160 645 79 566 573286 406121 167165 0 6393160 6339783 374884 48889 39422 4949008 4766040 11337680 11573506 68424 63557 68424 63557 X 2447164 2503076 8822092 9006873 11269256 11509949 11337680 11573506 240693 0 X X 0 1 X 1 1 1 0 X 813979 0 813979 0 813979 573286 0 573286 0 573286 PART X, LINE 2: THE ACCOUNTING STANDARD THAT PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CDC MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE CDC AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES AS OF DECEMBER 31, 2024. THE CDC IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS PRIOR TO 2020. FORM 990, PART VI, SECTION A, LINE 1A THE CDC HAS DESIGNATED THE OFFICERS OF THE BOARD OF DIRECTORS TO REPRESENT THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF THE BOARD OF DIRECTORS WHICH ADHERE TO CDC'S BY-LAWS AND CONFIDENTIALITY AGREEMENT. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION A, 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, PART VI, SECTION B, LINE 11B THE AUDIT/EXECUTIVE COMMITTEE (OFFICERS OF THE BOARD OF DIRECTORS) ARE PRESENTED WITH THE DRAFTED FORM 990 FOR REVIEW AND APPROVAL ELECTRONICALLY PRIOR TO FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER AN ITEM ON THE AGENDA IS PRESENTED TO THE BOARD, THE BOARD MUST NOTE ANY POSSIBLE CONFLICT AND ABSTAIN. THIS ABSTENTION IS NOTATED WITHIN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE CDC STAFF IS REVIEWED AND SET BY THE CITY OF FORT WAYNE AS THE CDC STAFF (EXECUTIVE DIRECTOR AND KEY EMPLOYEES) ARE EMPLOYEES OF THE CITY AND CONTRACTED TO THE CDC ORGANIZATION. THE CDC REIMBURSES THE CITY FOR EMPLOYEE COMPENSATION AND BENEFITS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS CAN BE OBTAINED THROUGH GUIDESTAR OR UPON REQUEST. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS CAN BE OBTAINED UPON REQUEST ONLY. FORM 990, PART IX, LINE 24E MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 566. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 566. CREDIT REPORTS: PROGRAM SERVICE EXPENSES 79. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79. FROM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.