KOKOMO COMMUNITY DEVELOPMENT CORPORATION

EIN: 464036202 501(c)(3) Community Improvement

KOKOMO, IN

Total Revenue
$9,855,877
Total Expenses
$1,730,967
Total Assets
$45,568,713
Net Assets
$19,393,164
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IN
Principal Officer
ANDREW HARDIE
Phone
7654372985
Tax Period
2024-01-01 to 2024-12-31

KOKOMO COMMUNITY DEVELOPMENT CORPORATION, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $9.9M in total revenue in fiscal year 2024. Revenue surged 519% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.1M, a strong 82% operating margin.

Mission

TO SUPPORT COMMUNITY DEVELOPMENT IN KOKOMO, INDIANA, WITH PARTICULAR EMPHASIS ON ACTIVITIES THAT INCLUDE THE PROVISION OF HOUSING, COMMUNITY BASED ECOMOMIC DEVELOPMENT PROJECTS, OR SOCIAL SERVICES THAT PRIMARILY BENEFIT LOW INCOME INDIVIDUALS AND COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $130,000 Revenue: $0

CITY INFILL RESIDENTIAL HOUSING PROJECT

Program 2
Expenses: $1,590,000

CITY REVITALIZATION. REDEVELOP COMMERCIAL AND RESIDENTIAL PROPERTY IN CITY

Program 3

BEGIN CONCTRUCTING CONFERENCE CENTER TO OFFER A NEW AND CENTRALLY LOCATED PLACE TO HOLD BOTH COMMUNITY EVENTS AND PRIVATE CONFERENCES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,097,289
Program Service Revenue $0
Investment Income $400,146
Other Revenue $358,442
TOTAL REVENUE $9,855,877

Expense Breakdown

Grants Paid $1,590,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,720,000
Other Expenses $140,967
TOTAL EXPENSES $1,730,967

Year-over-Year Comparison

2024 2023 Change
Revenue $9,855,877 $1,590,996 +5.2%
Expenses $1,730,967 $982,333 +0.8%
Net Income $8,124,910 $608,663 +12.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAKE BRUTUS TREASURER 2.00
Officer Director
$0 $0 $0
ANDREW HARDIE PRESIDENT 2.00
Officer Director
$0 $0 $0
TRACY OBOISE SECRETARY 2.00
Officer Director
$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
2024 $9,855,877 $1,730,967 $45,568,713 $8,124,910
2023 $1,590,996 $982,333 $16,585,482 $608,663
2022 $8,046,382 $6,860,264 $16,416,094 $1,186,118
2021 $2,218,519 $1,943,674 $16,024,014 $274,845
2020 $3,024,266 $2,371,238 $16,664,490 $653,028
2019 $1,779,076 $958,531 $22,501,766 $820,545
2018 $1,730,235 $1,501,472 $19,780,715 $228,763
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