2026-04-22T11:31:52-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2025-01-01 310947416 COMMUNITY DEVELOPMENT CORPORATION OF FORT WAYNE COMM 2604271125 200 E BERRY STREET STE 320 FORT WAYNE IN 46802 GRANT DAILY PRESIDENT 2604271125 2026-04-21 1 ANDREW SMITH CPA P01518894 3096714500 2026-04-14 2025 2025-03-06 01:10:19Z GRANT DAILY 200 E BERRY STREET STE 320 FORT WAYNE IN 46802 869833 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 560027 606661 253183 261277 769 1895 813979 869833 4500 4500 0 0 392532 412685 0 0 0 176254 -63924 573286 353261 240693 516572 11573506 12093043 63557 66522 11509949 12026521 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 213400 0 608556 THE ORGANIZATION ADMINISTERS LOANS TO NEW AND EXPANDING BUSINESSES IN INDIANA, UTILIZING FUNDS RECEIVED THROUGH GRANTS FROM LOCAL, STATE, AND FEDERAL AGENCIES OVER THE YEARS. THESE GRANT FUNDS HAVE SUPPORTED REVOLVING LOAN FUND (RLF) PROGRAMS. FURTHERMORE, THE ORGANIZATION FUNCTIONS AS AN AUTHORIZED CERTIFIED DEVELOPMENT COMPANY (CDC), ADMINISTERING SMALL BUSINESS LOANS THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION (SBA). ALL PROGRAMS PRIORITIZE ECONOMIC DEVELOPMENT AND JOB CREATION AND/OR RETENTION. 213400 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 3.00 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 1.00 X X 0 0 0 ISAAC LEE DIRECTOR 3.00 X 0 0 0 JUSTIN HAYES DIRECTOR 0.50 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 1.50 X 0 0 0 CHERYL BLACKMAN EXECUTIVE DIRECTOR 40.00 X 14286 0 137507 DARREN RENIER SR. FINANCE SPECIALIST 40.00 X 18499 0 109404 32785 0 246911 0 0 0 0 0 SBA CLOSING AND SERVIC 522291 360001 360001 LOAN INTEREST 522291 239498 239498 LOAN APPLICATION FEES 522291 7162 7162 606661 261277 261277 MISCELLANEOUS 900099 1895 1895 1895 869833 608556 0 261277 X 4500 4500 279697 187327 92370 129069 94053 35016 3919 3919 26956 22104 4852 354 342 12 2278 1963 315 33369 28758 4611 598 483 115 351 288 63 10594 8687 1907 FEES & LICENSES 8372 8027 345 SEMINARS & TRAINING 6943 6943 MISCELLANEOUS 806 566 240 PRINTING & POSTAGE 494 479 15 -155039 -155039 353261 213400 139861 0 6393160 6928203 374884 390736 39422 52591 4766040 4721513 11573506 12093043 63557 66522 63557 66522 X 2503076 2593414 9006873 9433107 11509949 12026521 11573506 12093043 516572 0 X X 0 1 X 1 1 1 0 X 869833 0 869833 0 869833 353261 0 353261 0 353261 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, 2025. THE CDC IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS PRIOR TO 2022. 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 A DRAFTED COPY OF THE FORM 990 IS PROVIDED VIA SECURE EMAIL TO THE AUDIT COMMITTEE WHICH CONSIST OF THE OFFICERS OF THE CDC BOARD (PRESIDENT, VICE PRESIDENT, TREASURER AND SECRETARY) ALONG WITH THE CDC EXECUTIVE DIRECTOR. THEY MUST REVIEW AND PROVIDE WRITTEN APPROVAL BEFORE SUBMISSION OF THE FORM 990 IS AUTHORIZED. 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 EMPLOYED BY THE CITY AND CONTRACTED TO THE CDC ORGANIZATION. THE CDC REIMBURSES THE CITY FOR EMPLOYEE COMPENSATION AND BENEFITS. THE CITY OF FORT WAYNE HAS THEIR OWN INTERNAL REVIEW PROCESS AND APPROVAL FOR EMPLOYEE SALARY AND COMPENSATION PACKAGES THAT THE CDC MUST ADHERE TO. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. 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 CREDIT REPORTS: PROGRAM SERVICE EXPENSES 194. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 194. PROVISION (BENEFIT) FOR CREDIT LOSSES: PROGRAM SERVICE EXPENSES -155,233. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -155,233. FROM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.