Plainfield Community Development Corporation FY2022 filing

Plainfield, INUnknown exempt organizationSince 2018EIN 83-2652947Revenue $2.3M in FY2022

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

FY2022 · 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
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
0.3% of total assets
Looks good: liabilities are 0% 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
$2.3M
+187% vs prior year
Spent
$354K
To programs
100%
Net assets
$5.8M
By yearFY2020–FY2025
Revenue
$2.3M
FY2022▲ +187%
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
$354K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$532K
FY2021$381K
FY2022$354K
FY2023$349K
FY2024$427K
FY2025$456K
Net assets
$5.8M
FY2022▲ +52%
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 FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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% · $353K Management & general 0% · $316

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 · $353K · in their own filed words · FY2022
01

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

$353Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$237K
Investment incomeLn 3$801
Money outPt IX
$354K
Ln 25
Programscol B$353K
Managementcol C$316
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$5.8M
LiabilitiesLn 26$15K
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$2.1M
Government grantsLn 1e$2.1M
Investment incomeLn 3$801
Other incomeLn 4–11$237K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
SavingsLn 2$176K
Cash and savings togetherLn 1–2$176K
InvestmentsLn 11–13$4.5M
Other assetsLn 15$546K
Total assetsLn 16$5.8M
LiabilitiesLn 26$15K
Net assetsLn 32$5.8M
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 FY22End FY22
Cash and savingsLn 1–2$270K$176K
InvestmentsLn 11–13$3.9M$4.5M
Total assetsLn 16$4.4M$5.8M
LiabilitiesLn 26$605K$15K
Net assetsLn 32$3.8M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$66K$66K
Legal feesLn 11b$36K$36K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$17K$17K
Office expensesLn 13$182$182
OccupancyLn 16$53K$53K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$143K$143K
All other expensesLn 24e$134$134
Total functional expensesLn 25$354K$353K$316$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 Viewing $2.3M$354K$2.0M$5.8M 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $2,338,217 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $677,500$2,100,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $163$801
I-11 Other revenuePrior year $137,665$237,416
I-12 Total revenuePrior year $815,328$2,338,217
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 $381,422$353,679
I-18 Total expensesPrior year $381,422$353,679
I-19 Revenue less expensesPrior year $433,906$1,984,538
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 $2,338,217 across 5 lines filed
VIII-1e Government grants$2,100,000
VIII-1h Total contributions, gifts and grants$2,100,000
VIII-3 Investment incomeExcluded from tax $801$801
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $237,416$237,416
VIII-12 Total revenueRelated to mission $237,416 · Unrelated business $0 · Excluded from tax $801$2,338,217
Part IX · Statement of functional expenses $353,679 across 11 lines filed
IX-11a Management feesPrograms $66,167$66,167
IX-11b Legal feesPrograms $36,283$36,283
IX-11c Accounting feesPrograms $4,900$4,900
IX-11g Other fees for servicesPrograms $16,850$16,850
IX-13 Office expensesManagement $182$182
IX-16 OccupancyPrograms $52,924$52,924
IX-20 InterestPrograms $5,687$5,687
IX-22 Depreciation, depletion and amortizationPrograms $15,186$15,186
IX-23 InsurancePrograms $12,641$12,641
IX-24 Other expenses (24a–d)Programs $142,725$142,725
IX-24e All other expensesManagement $134$134
IX-25 Total functional expensesPrograms $353,363 · Management $316 · Fundraising $0$353,679
Part X · Balance sheet $5,823,283 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $270,239$175,895
X-13 Program-related investmentsStart of year $3,943,929$4,517,340
X-14 Intangible assetsStart of year $170,329$583,782
X-15 Other assetsStart of year $44,211$546,266
X-16 Total assetsStart of year $4,428,708$5,823,283
X-25 Other liabilitiesStart of year $5,249$15,286
X-26 Total liabilitiesStart of year $605,249$15,286
X-27 Net assets without donor restrictionsStart of year $3,498,138$5,313,369
X-28 Net assets with donor restrictionsStart of year $325,321$494,628
X-32 Total net assets or fund balancesStart of year $3,823,459$5,807,997
X-33 Total liabilities and net assetsStart of year $4,428,708$5,823,283
Part XI · Reconciliation of net assets $5,807,997 net assets at year end
XI-1 Total revenue$2,338,217
XI-2 Total expenses$353,679
XI-3 Revenue less expenses$1,984,538
XI-4 Net assets at start of year$3,823,459
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,807,997

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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