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

2002

Legal Domicile

Principal Officer

CHRISTINE KINNARD

Phone

5742581658

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY DEVELOPMENT CORPORATION OF MISHAWAKA INDIANA INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 3% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME LEVEL SENIOR CITIZENS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,435,815 Revenue: $2,007,298

THE PROVISION OF HOUSING TO LOW TO MODERATE INCOME LEVEL SENIOR CITIZENS OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,007,298

Investment Income $68

Other Revenue $0

TOTAL REVENUE $2,007,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,001,745

Fundraising Expenses $0

Program Expenses $1,435,815

Other Expenses $943,686

TOTAL EXPENSES $1,945,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,007,366	$2,643,584	-0.2%
Expenses	$1,945,431	$1,805,656	+0.1%
Net Income	$61,935	$837,928	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH PRINCE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK GOULD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE ASHMAN	COMMISSIONER	2.00	Director	$0	$0	$0
CHRISTINE KINNARD	EXECUTIVE DIRECTOR, SECRETARY	5.00	Officer	$0	$0	$0

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	$2,007,366	$1,945,431	$3,193,319	$61,935
2024	$2,643,584	$1,805,656	$2,015,674	$837,928
2023	$2,010,096	$1,675,520	$1,050,856	$334,576
2022	$1,650,029	$1,380,452	$971,354	$269,577
2021	$1,530,087	$1,421,702	$849,744	$108,385
2020	$1,485,690	$1,304,016	$926,535	$181,674
2019	$1,314,163	$1,361,791	$911,621	$-47,628
2018	$1,292,698	$1,267,266	$1,014,799	$25,432

COMMUNITY DEVELOPMENT CORPORATION OF MISHAWAKA INDIANA INC