COMMUNITY DEVELOPMENT CORPORATION … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

GRANT DAILY

Phone

2604271125

Tax Period

2025-01-01 to 2025-12-31

COMMUNITY DEVELOPMENT CORPORATION OF FORT WAYNE, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $870K in total revenue in fiscal year 2025. The organization ran a surplus of $517K, a strong 59% operating margin.

Mission

TO STIMULATE ECONOMIC GROWTH AND PROSPERITY THROUGHOUT THE COMMUNITIES WE SERVE BY PROVIDING ALTERNATIVE FINANCING OPTIONS TO NEW AND EXISTING SMALL BUSINESS OWNERS.

Program Service Accomplishments

Program 1

Expenses: $213,400 Revenue: $608,556

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $606,661

Investment Income $261,277

Other Revenue $1,895

TOTAL REVENUE $869,833

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $412,685

Fundraising Expenses $0

Program Expenses $213,400

Other Expenses $-63,924

TOTAL EXPENSES $353,261

Year-over-Year Comparison

	2025	2024	Change
Revenue	$869,833	$813,979	+0.1%
Expenses	$353,261	$573,286	-0.4%
Net Income	$516,572	$240,693	+1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$151,793

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN ROUSSEL	DIRECTOR	1.00	Director	$0	$0	$0
BETH MCAVOY	DIRECTOR	0.50	Director	$0	$0	$0
CARYN NAVE	DIRECTOR	1.00	Director	$0	$0	$0
CECILE WEIR	TREASURER	0.50	Officer Director	$0	$0	$0
CHRIS BANDEMER	DIRECTOR	3.00	Director	$0	$0	$0
DENNIS TRATNYEK	DIRECTOR	1.00	Director	$0	$0	$0
ERIC TODD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GRANT DAILY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ISAAC LEE	DIRECTOR	3.00	Director	$0	$0	$0
JUSTIN HAYES	DIRECTOR	0.50	Director	$0	$0	$0
KIENAN O'ROURKE	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PALERMO GALINDO	DIRECTOR	1.50	Director	$0	$0	$0
CHERYL BLACKMAN	EXECUTIVE DIRECTOR	40.00	Officer	$14,286	$137,507	$151,793
DARREN RENIER	SR. FINANCE SPECIALIST	40.00	Highest	$18,499	$109,404	$127,903

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$869,833	$353,261	$12,093,043	$516,572
2024	$813,979	$573,286	$11,573,506	$240,693
2023	$681,898	$568,794	$11,337,680	$113,104
2022	$1,019,842	$375,624	$11,219,392	$644,218
2021	$1,149,380	$423,510	$10,588,944	$725,870
2020	$1,111,799	$480,843	$9,900,212	$630,956
2019	$498,161	$296,456	$9,672,483	$201,705

COMMUNITY DEVELOPMENT CORPORATION OF FORT WAYNE