Allen County Fort Wayne Development Trust Inc
88% goes to programs Strong reserves Declining revenue
Allen County Fort Wayne Development Trust Inc is a 501(c)(3) organization based in Fort Wayne, Indiana, registered in 2000, with $4,936,978 in FY2024 revenue. CharityIndex grades it B+, and it directs about 88% of spending to programs.
200 E Main St Ste 800, Fort Wayne, IN, 46802 EIN 35-2090277 Since 2000
Revenue (FY2024)
$4.9M
▲ 1210.2% vs prior year
Community median: $184K
Expenses (FY2024)
$266K
Net assets
$116.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
AProgram efficiency40% of the rating88% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Allen County Fort Wayne Development Trust Inc: 88% to programs earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating5262 mo reserves · +95% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Allen County Fort Wayne Development Trust Inc: 5262 mo reserves · +95% margin earns a B+ on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Allen County Fort Wayne Development Trust Inc: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Allen County Fort Wayne Development Trust Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To advance current and future revitalization and promote new economic development or redevelopment in the allen county-fort wayne area.
What they do
The trust continued to assist the developer with the $285mm electric works redevelopment project, phase i, as a minority partner and issuer of certain local bond proceeds and state tax credits thereby allowing the city of fort wayne, as to the local bond issuance, to lower its overall interest expense for issuance of its tax free bonds and provide considerable savings to local taxpayers.
Contact & location
- Address
- 200 E Main St Ste 800, Fort Wayne, IN, 46802
- City
- Fort Wayne
- State
- Indiana
- Subcategory
- Community & Neighborhood Development
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $65.1M (FY2020) to $4.9M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9MNet assets $116.6M
Operating margin
94.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$118.5M
Total liabilities
$1.9M
Net assets
$116.6M
Salaries & benefits
$0
0% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,936,978▲1210% | $265,968▲151% | $116,630,293▲4.2% | $118,503,391▲4.0% | 990 |
| 2023 | $376,806▼98.5% | $106,085▲3.2% | $111,960,287▲0.2% | $113,932,337▲0.2% | 990 |
| 2022 | $25,744,288▲19.7% | $102,755▼84.5% | $111,689,566▲29.8% | $113,715,549▲29.0% | 990 |
| 2021 | $21,500,963▼67.0% | $661,987▲258% | $86,048,033▲32.0% | $88,140,308▲28.6% | 990 |
| 2020 | $65,124,437 | $185,131 | $65,209,057 | $68,556,632 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charles Heiny | Director | 1 | — |
| Damian Gosheff | Director | 1 | — |
| Ellen Cutter | Director | 1 | — |
| Heather Presley-cowan | Director | 1 | — |
| Karl Bandemer | Director | 1 | — |
| Kylee Shirey | Secretary | 1 | — |
| Mike Cahill | Director | 1 | — |
| Mike Erler | Vice President | 1 | — |
| Richard Beck | Director | 1 | — |
| Robert S Walters | President | 2 | — |
| Susan Wesner | Treasurer | 3 | — |
| Tim Smith | Director | 1 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Moss Adams | Professional Service | $538,784 |
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Compare Allen County Fort Wayne Development Trust Inc
Frequently asked questions
- Is Allen County Fort Wayne Development Trust Inc a legitimate nonprofit?
- Yes. Allen County Fort Wayne Development Trust Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-2090277, based in Fort Wayne, Indiana. Donations are tax-deductible.
- What is Allen County Fort Wayne Development Trust Inc's EIN?
- Allen County Fort Wayne Development Trust Inc's Employer Identification Number (EIN) is 35-2090277.
- How much revenue does Allen County Fort Wayne Development Trust Inc report?
- Allen County Fort Wayne Development Trust Inc reported $4,936,978 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Allen County Fort Wayne Development Trust Inc's spending goes to programs?
- Allen County Fort Wayne Development Trust Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Allen County Fort Wayne Development Trust Inc have?
- CharityIndex grades Allen County Fort Wayne Development Trust Inc B+, based on program efficiency and fundraising cost.
- How much does Allen County Fort Wayne Development Trust Inc's highest-paid employee make?
- The highest reported compensation on Allen County Fort Wayne Development Trust Inc's latest Form 990 is $0, paid to Charles Heiny (Director).
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Data for Allen County Fort Wayne Development Trust Inc (EIN 35-2090277) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.