KOKOMO COMMUNITY DEVELOPMENT CORPORATION

Address
P O BOX 387
KOKOMO, IN 469030387
Contact
Phone: +1 (765) 450-8532
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 46-4036202

Mission

TO SUPPORT COMMUNITY DEVELOPMENT IN KOKOMO, INDIANA, WITH PARTICULAR EMPHASIS ON ACTIVITIES THAT INCLUDE THE PROVISION OF HOUSING, COMMUNITY BASED ECOMOMICE DEVELOPMENT PROJECTS, OR SOCIAL SERVICES THAT PRIMARILY BENEFIT LOW INCOME INDIVIDUALS AND COMMUNITIES.
 2017201620152014
Basic features of the organization
Year of formation2014
Subsection code03
PF filing required0   
Metropolitan statistical area3850
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00 
Number of employees000 
Number of people compensated >$100k000 
Number of volunteers000 
Number of highly compensated contractors000 
Personnel
Lerche, Jennifer
TitleSECRETARYSECRETARYSECRETARY 
Name of key/compensated personJENNIFER LERCHEJENNIFER LERCHEJENNIFER LERCHE 
Position of compensated person
Current individual trustee or directorTrueTrueTrue 
Current officerTrueTrueTrue 
Average hours per week working for org2.002.002.00 
Reportable compensation from org$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00 
Link, Joseph
TitleVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT 
Name of key/compensated personJOSEPH LINKJOSEPH LINKJOSEPH LINK 
Position of compensated person
Current individual trustee or directorTrueTrueTrue 
Current officerTrueTrueTrue 
Average hours per week working for org2.002.002.00 
Reportable compensation from org$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00 
Stephenson, Robert
TitlePRESIDENTPRESIDENTPRESIDENT 
Name of key/compensated personROBERT STEPHENSONROBERT STEPHENSONROBERT STEPHENSON 
Position of compensated person
Current individual trustee or directorTrueTrueTrue 
Current officerTrueTrueTrue 
Average hours per week working for org2.002.002.00 
Reportable compensation from org$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCOMMUNITY BASED ECONOMIC DEVELOPMENT PROJECTS:MUNICIPAL GARAGE FOR PUBLIC; BASEBALL STADIUM FOR SEMI PROFESSIONAL AND OTHER COMMUNITY TEAMS.COMMUNITY BASED ECONOMIC DEVELOPMENT PROJECTS:MUNICIPAL GARAGE FOR PUBLIC; BASEBALL STADIUM FOR SEMI PROFESSIONAL AND OTHER COMMUNITY TEAMS.COMMUNITY BASED ECONOMIC DEVELOPMENT PROJECTS:MUNICIPAL GARAGE FOR PUBLIC; BASEBALL STADIUM FOR SEMI PROFESSIONAL AND OTHER COMMUNITY TEAMS. 
Program service expenses, total$3,021,988.00$946,962.00$593,936.00 
Programs, including revenue & expenses
PARTICIPANT IN CONSTRUCTION OF BASEBALL STADIUM FOR COMMUNITY WITH CITY OF KOKOMO.
Program expenses $923,399.00  
Program descriptionPARTICIPANT IN CONSTRUCTION OF BASEBALL STADIUM FOR COMMUNITY WITH CITY OF KOKOMO.PARTICIPANT IN CONSTRUCTION OF BASEBALL STADIUM FOR COMMUNITY WITH CITY OF KOKOMO.PARTICIPANT IN CONSTRUCTION OF BASEBALL STADIUM FOR COMMUNITY WITH CITY OF KOKOMO. 
PARTICIPANT IN CONSTRUCTION OF MUNICIPAL PARKING GARAGE WITH CITY OF KOKOMO, INDIANA
Program expenses$3,016,797.00$15,270.00  
Program descriptionPARTICIPANT IN CONSTRUCTION OF MUNICIPAL PARKING GARAGE WITH CITY OF KOKOMO, INDIANAPARTIPANT IN CONSTRUCTION OF MUNICIPAL PARKING GARAGE WITH CITY OF KOKOMO, INDIANAPARTIPANT IN CONSTRUCTION OF MUNICIPAL PARKING GARAGE WITH CITY OF KOKOMO, INDIANA 
PARTICIPANT IN CONSTRUCTION OF PUBLIC/PRIVATE RESIDENTIAL HOUSING WITH CITY OF KOKOMO TO BE TRANSFERRED TO PRIVATE OWNERSHIP UPON COMPLETION.
Program descriptionPARTICIPANT IN CONSTRUCTION OF PUBLIC/PRIVATE RESIDENTIAL HOUSING WITH CITY OF KOKOMO TO BE TRANSFERRED TO PRIVATE OWNERSHIP UPON COMPLETION.PARTICIPANT IN CONSTRUCTION OF PUBLIC/PRIVATE RESIDENTIAL HOUSING WITH CITY OF KOKOMO TO BE TRANSFERRED TO PRIVATE OWNERSHIP UPON COMPLETION.PARTICIPANT IN CONSTRUCTION OF PUBLIC/PRIVATE RESIDENTIAL HOUSING WITH CITY OF KOKOMO TO BE TRANSFERRED TO PRIVATE OWNERSHIP UPON COMPLETION. 
Financial data
Revenue
Total revenue$382,240.00$3,677,229.00$4,141,716.00 
Revenue from contributions (total)$240,921.00$2,728,642.00$3,338,838.00$3,239,392.00
Investment income, current yr-$67,597.00$87.00$53.00 
Total revenue from grants, etc., current yr$240,921.00$2,728,642.00$3,338,838.00 
Total unrelated business revenue$0.00$0.00$575.00 
Other revenue, current yr$208,916.00$948,500.00$802,825.00 
Net unrelated business taxable revenue$0.00$0.00$0.00 
Program service revenue (total)  $0.00$0.00
Gross receipts$1,253,124.00$3,677,229.00$4,141,716.00 
Sources of contributions
Revenue from gov't grants $2,728,642.00$3,338,446.00 
Revenue from all other contributions$240,921.00 $392.00 
Other types of revenue
Miscellaneous revenue (total)  $575.00 
Income from dividends, interest, and similar investments$115.00$87.00$53.00 
Net rental income$208,916.00$948,500.00$802,250.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$3,027,763.00$961,968.00$602,924.00 
Total functional expenses: program service $3,021,988.00$946,962.00$593,936.00 
Total functional expenses: management and general$5,775.00$15,006.00$8,988.00 
Total functional expenses: fundraising$0.00$0.00$0.00 
Fees for services
Legal fees (total)$540.00 $495.00 
Fundraising service fees (total)$0.00$0.00$0.00 
General management fees (total)$2,000.00$7,379.00$2,000.00 
Assets and liabilities
Total assets$20,203,115.00$29,349,775.00$27,244,514.00$20,296,077.00
Total assets, beginning of year$29,564,487.00$27,244,514.00$20,296,077.00 
Total liabilities$13,198,589.00$19,914,438.00$20,524,438.00$17,114,793.00
Total liabilities, beginning of year$19,914,438.00$20,524,438.00$17,114,793.00 
Net assets$7,004,526.00$9,435,337.00$6,720,076.00 
Net assets, beginning of year$9,650,049.00$6,720,076.00$3,181,284.00 
Other liabilities$13,198,589.00$19,914,438.00$20,524,438.00 
Other assets$3,849,518.00$12,956,234.00$12,956,234.00 
Cash: non-interest bearing$9,897.00   
Other financial variables
Revenue less expenses-$2,645,523.00$2,715,261.00$3,538,792.00 
Savings & temp cash investment$161,351.00$23,742.00$24,722.00 
Total net assets or fund balances$7,004,526.00$9,435,337.00$6,720,076.00 
Depreciation, depletion, amortization $600,592.00$214,712.00 
Governance and accountability
Number of voting members333 
Number of independent voting members333 
Cash accountingTrueTrueTrue 
Tax year start date2017-01-012016-01-012015-01-01 
Tax year end date2017-12-012016-12-012015-12-012014-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrue   
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990 
Date e-filing submitted2018-09-102017-09-112017-01-13 
IRS schema version2017v2.22016v3.02015v2.1 
Filing identifier201821419349300622201731529349300023201622599349300002 
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