Plainfield Community Development Corporation FY2021 filing

Plainfield, INUnknown exempt organizationSince 2018EIN 83-2652947Revenue $815K in FY2021

On file with the IRSPo Box 1091 · Plainfield, IN

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To encourage, support and assist in activities, projects and programs that further social, cultural and economic Development, redevelopment and rehabilitation in and around the town of Plainfield.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $741K a year · 64% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$605K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$815K
-69% vs prior year
Spent
$381K
To programs
100%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$815K
FY2021▼ -69%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$815K
FY2022$2.3M
FY2023$463K
FY2024$163K
FY2025$531K
Expenses
$381K
FY2021▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2020$532K
FY2021$381K
FY2022$354K
FY2023$349K
FY2024$427K
FY2025$456K
Net assets
$3.8M
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.8M
FY2022$5.8M
FY2023$5.9M
FY2024$5.7M
FY2025$5.7M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $380K Management & general 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Plainfield Community Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports projects for Plainfield's social, cultural, and economic growth.

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Provided by the organization

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1 program · $380K · in their own filed words · FY2021
01

Supporting conceptual downtown redevelopment plan implementation through acquisition of strategic parcels of real property in the main street development area

$380Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$815K
Ln 12
Gifts and grantsLn 1h$678K
Other incomeLn 4–11$138K
Investment incomeLn 3$163
Money outPt IX
$381K
Ln 25
Programscol B$380K
Managementcol C$2K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$270K
Total assetsLn 16$4.4M
LiabilitiesLn 26$605K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$678K
Government grantsLn 1e$678K
Noncash giftsLn 1g$228K
Investment incomeLn 3$163
Other incomeLn 4–11$138K
Total revenueLn 12$815K
Assets in detailPt X, end of year
SavingsLn 2$270K
Cash and savings togetherLn 1–2$270K
InvestmentsLn 11–13$3.9M
Other assetsLn 15$44K
Total assetsLn 16$4.4M
LiabilitiesLn 26$605K
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$251K$270K
InvestmentsLn 11–13$3.1M$3.9M
Total assetsLn 16$3.4M$4.4M
LiabilitiesLn 26$0$605K
Net assetsLn 32$3.4M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$38K$38K
Legal feesLn 11b$65K$65K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$360$360
Office expensesLn 13$235$235
OccupancyLn 16$72K$72K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$156K$156K
All other expensesLn 24e$3K$2K$1K
Total functional expensesLn 25$381K$380K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $531K$456K$75K$5.7M 990 PDF
FY2024 $163K$427K−$264K$5.7M 990 PDF
FY2023 $463K$349K$114K$5.9M 990 PDF
FY2022 $2.3M$354K$2.0M$5.8M 990 PDF
FY2021 Viewing $815K$381K$434K$3.8M 990 PDF
FY2020 $2.6M$532K$2.1M$3.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $815,328 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,600,000$677,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$59,971$163
I-11 Other revenuePrior year $97,093$137,665
I-12 Total revenuePrior year $2,637,122$815,328
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $532,350$381,422
I-18 Total expensesPrior year $532,350$381,422
I-19 Revenue less expensesPrior year $2,104,772$433,906
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $815,328 across 6 lines filed
VIII-1e Government grants$677,500
VIII-1g Noncash contributions (included above)$227,500
VIII-1h Total contributions, gifts and grants$677,500
VIII-3 Investment incomeExcluded from tax $163$163
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $137,665$137,665
VIII-12 Total revenueRelated to mission $137,665 · Unrelated business $0 · Excluded from tax $163$815,328
Part IX · Statement of functional expenses $381,422 across 12 lines filed
IX-11a Management feesPrograms $38,144$38,144
IX-11b Legal feesPrograms $64,784$64,784
IX-11c Accounting feesPrograms $9,130$9,130
IX-11g Other fees for servicesPrograms $5,175$5,175
IX-12 Advertising and promotionPrograms $360$360
IX-13 Office expensesManagement $235$235
IX-16 OccupancyPrograms $72,226$72,226
IX-20 InterestPrograms $13,109$13,109
IX-22 Depreciation, depletion and amortizationPrograms $3,988$3,988
IX-23 InsurancePrograms $15,237$15,237
IX-24 Other expenses (24a–d)Programs $156,202$156,202
IX-24e All other expensesPrograms $1,500 · Management $1,332$2,832
IX-25 Total functional expensesPrograms $379,855 · Management $1,567 · Fundraising $0$381,422
Part X · Balance sheet $4,428,708 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $251,089$270,239
X-13 Program-related investmentsStart of year $3,102,225$3,943,929
X-14 Intangible assetsStart of year $36,239$170,329
X-15 Other assetsStart of year $0$44,211
X-16 Total assetsStart of year $3,389,553$4,428,708
X-25 Other liabilitiesStart of year $0$5,249
X-26 Total liabilitiesStart of year $0$605,249
X-27 Net assets without donor restrictionsStart of year $3,389,553$3,498,138
X-28 Net assets with donor restrictions$325,321
X-32 Total net assets or fund balancesStart of year $3,389,553$3,823,459
X-33 Total liabilities and net assetsStart of year $3,389,553$4,428,708
Part XI · Reconciliation of net assets $3,823,459 net assets at year end
XI-1 Total revenue$815,328
XI-2 Total expenses$381,422
XI-3 Revenue less expenses$433,906
XI-4 Net assets at start of year$3,389,553
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,823,459

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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