Cani S Center For Community & Economic Development

Organization Overview

Cani S Center For Community & Economic Development, operating under the name Brightpoint Development Fund, is located in Fort Wayne, IN. The organization was established in 2013. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brightpoint Development Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 10/2023, Brightpoint Development Fund generated $719.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $816.4k during the year ending 10/2023. While expenses have increased by 20.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES PRIMARILY OF COMMUNITY ACTION OF NORTHEAST INDIANA, INC. ("CANI").

Describe the Organization's Program Activity:

Part 3 - Line 4a

BRIGHTPOINT DEVELOPMENT FUND PROMOTES COMMUNITY DEVELOPMENT AS A FINANCING ENTITY SERVING DISTRESSED COMMUNITIES OR THOSE UNDERSERVED BY FINANCIAL INSTITUTIONS AND PROVIDING, AT NO COST OR BELOW MARKET, DEVELOPMENT SERVICES IN CONJUNCTION WITH ITS FINANCING ACTIVITIES AS DETERMINED WITH ACCOUNTABILITY TO ITS SERVICE MARKET.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Hoffman
Board President
$0
Veronica Mertz
Board Treasurer
$0
Matthew Crouch
Board Secretary
$0
Jesse Beasley
Director
$0
Pamela Brookshire
Director
$0
Stephen Blevins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $552,323
All other contributions, gifts, grants, and similar amounts not included above$39,999
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$592,322
Total Program Service Revenue$39,861
Investment income $87,337
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $719,520

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