Overview
What is Cani's Center For Community And Economic Development Inc?
Cani's Center for Community and Economic Development Inc, also known as Brightpoint Development Fund, is a nonprofit organization situated in Fort Wayne, Indiana. Its primary mission is to support distressed communities or those underserved by financial institutions. This is accomplished by providing financing at no cost or below market rates, and offering development services in conjunction with these financial activities, with accountability to its service market. The organization's purpose aligns with Community Action of Northeast Indiana, Inc. (CANI), aiming to promote community development and facilitate economic self-sufficiency for communities in need, in accordance with applicable federal laws regarding the establishment and operations of community development financial institutions.
Official website here: www.mybdf.org
Is Cani's Center For Community And Economic Development Inc legitimate?
Cani's Center For Community And Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cani's Center For Community And Economic Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mybdf.org
What is the mission statement of Cani's Center For Community And Economic Development Inc?
The mission of Cani's Center for Community and Economic Development Inc., also known as Brightpoint Development Fund, is aligned with that of Community Action of Northeast Indiana Inc. (CANI). This nonprofit organization, established as a Community Development Financial Institution (CDFI), operates with the primary objective of assisting communities in need to achieve economic self-sufficiency, adhering to the regulations set forth by federal law regarding the establishment and operation of CDFIs.
Official website here: www.mybdf.org
Who is the CEO of Cani's Center For Community And Economic Development Inc?
Stephen Hoffman is the Board President of Cani's Center For Community And Economic Development Inc.
Official website here: www.mybdf.org
What is the revenue of Cani's Center For Community And Economic Development Inc?
Cani's Center For Community And Economic Development Inc's revenue in 2022 was $817,071.
Official website here: www.mybdf.org
Who are the executives of Cani's Center For Community And Economic Development Inc and what are their salaries?
There 8 volunteers at Cani's Center For Community And Economic Development Inc.
Here are 12 key members and their salaries:
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- Related: $189,326
- Other: $34,369
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- Related: $97,696
- Other: $23,972
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- Related: $24,519
- Other: $3,514
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- Other: $0
- Compensation: $0
- Related: $114,046
- Other: $33,083
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- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mybdf.org
Where can I find the form 990 for Cani's Center For Community And Economic Development Inc?
Cani's Center For Community And Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mybdf.org
Learn more at the official website: www.mybdf.org
Mission Statement of Cani's Center For Community And Economic Development Inc
Cani's Center for Community and Economic Development Inc, operating under the name Brightpoint Development Fund, was established as a nonprofit community development financial institution. The organization's primary mission is to assist communities in need in achieving economic self-sufficiency, aligning with the regulations governing the establishment and operations of such institutions as outlined by federal law. In essence, Cani's Center aims to contribute to the economic growth and stability of underserved communities, promoting self-reliance and improved living standards.
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Impact
October, 2024
Cani's Center For Community And Economic Development Inc has a profound impact on distressed communities in northeast Indiana by acting as a critical financing entity that connects underserved populations with essential development services. Through its Brightpoint Development Fund, the organization fosters economic self-sufficiency, empowering individuals and neighborhoods by offering financial assistance that is either free or below market rates.
By facilitating access to capital and providing development services tailored to community needs, the Center effectively addresses the gaps in financial resources for those neglected by traditional financial institutions. This approach not only promotes immediate financial relief but also encourages long-term community development, helping to break the cycle of poverty and enhance the overall quality of life for residents.
With a commitment to accountability and responsiveness to its service market, Cani's Center plays a pivotal role in driving local economic growth and stability, making strides towards creating more resilient and thriving communities. Through its initiatives, it not only helps individuals secure housing but also fosters a spirit of collaboration and empowerment, enabling communities to support themselves sustainably.
This information is meant to be a general summary of Cani's Center For Community And Economic Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $61,766
- Program Service Revenue: $30,430
- Gross Receipts: $817,071
Assets and Liabilities:
- Total Assets: $1,436,369
- Total Liabilities: $512,184
- Net Assets: $924,185
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SELF-SUFFICIENCY REVEN
Revenue
$30,430
Organization Details
Founding Year
2011
Phone
(260) 423-3546Principal Officer
Stephen Hoffman
Main Address
227 EAST WASHINGTON BOULEVARD, FORT WAYNE, IN, 46853
Website
www.mybdf.orgNTEE Category
Code: L80 - Housing
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