Kokomo Community Development Corporation

Organization Overview

Kokomo Community Development Corporation is located in Kokomo, IN. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kokomo Community Development Corporation 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 12/2023, Kokomo Community Development Corporation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $982.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Kokomo Community Development Corporation has awarded 20 individual grants totaling $12,089,674. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY BASED ECONOMIC DEVELOPMENT PROJECTS:BASEBALL STADIUM FOR SEMI PROFESSIONAL AND OTHER COMMUNITY TEAMS; CITY INFILL RESIDENTIAL PROJECT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CITY INFILL RESIDENTIAL HOUSING PROJECT


COMMUNITY ATHLETIC FIELD


CITY REVITALIZATION. REDEVELOP COMMERCIAL AND RESIDENTIAL PROPERTY IN CITY.


PARTICIPATION IN ACQUISITION OF INDUSTRIAL PARK FOR KOKOMO, INDIANA


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Blake Brutus
Treasurer
$0
Andrew Hardie
President
$0
Tracy Brown
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,228,529
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,228,529
Total Program Service Revenue$6,000
Investment income $12,652
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $343,815
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 $1,590,996

Grants Awarded

Over the last fiscal year, Kokomo Community Development Corporation has awarded $1,164,744 in support to 8 organizations.

Grant RecipientAmount

GREATER KOKOMO ECONOMIC DEVELOPMENT ALLIANCE

PURPOSE: PURCHASE LAND FOR INDUSTRIAL PARK FOR KOKOMO, INDIANA

$365,469

DEMOND INVESTMENTS

PURPOSE: COMMUNITY REVITALIZATION

$5,656

BRIDGES OUTREACH INC

PURPOSE: COMMUNITY REVITALIZATION

$85,000

BC INVESTMENT PROPERTIES LLC

PURPOSE: COMMUNITY REVITALIZATION

$75,000

FLF PROPERTY LLC

PURPOSE: COMMUNITY REVITALIZATION

$31,966

KOKOMO WHITE BARN LLC

PURPOSE: COMMUNITY REVITALIZATION

$200,000
View Grant Profile

Peer Organizations

Organization NameAssets
Applied Research Institute
Bloomington, IN
$30,438,388
Chicago Convention & Tourism Bureau Inc
Chicago, IL
$32,848,040
Wisconsin Dells Visitor & Convention Bureau
Wisconsin Dells, WI
$18,501,261
Financial Health Network Inc
Chicago, IL
$19,220,654
Visit Indy Inc
Indianapolis, IN
$16,220,236
Purchase Area Development District Inc
Mayfield, KY
$14,269,202
Convention & Visitors Bureau Of Greater Kansas City
Kansas City, MO
$16,167,832
Crosswalk Community Action Agency Inc
West Frankfort, IL
$13,024,896
16 Tech Community Corporation
Indianapolis, IN
$21,301,337
The Center For Kentucky Rural Economic Development Inc
Somerset, KY
$8,257,213
Brighton Park Neighborhood Council
Chicago, IL
$9,057,563
Hamilton County Tourism Inc
Carmel, IN
$8,188,898
Wbd Inc
Madison, WI
$9,133,880
Mhub
Chicago, IL
$9,116,950
Elevate Ventures Inc
Indianapolis, IN
$6,491,355
St Louis Economic Development Partnership
Saint Louis, MO
$7,649,513
Explore Branson Tourism
Branson, MO
$7,396,641
Greater Madison Convention & Visitor Bureau Inc
Madison, WI
$7,273,844
Economic Development Corporation Of Kansas City Missouri
Kansas City, MO
$6,752,938
Kentucky Highlands Investment Corporation
London, KY
$8,002,017
Somercor 504 Inc
Chicago, IL
$7,033,646
P33
Chicago, IL
$3,440,251
Grow Southwest Indiana Workforceboard Inc
Evansville, IN
$5,184,269
Heritage Corridor Visitors Bureau
Joliet, IL
$4,400,648
Madison Development Corporation
Madison, WI
$4,946,557

Create an account to unlock the data you need.

or