Civic Intelligence

Allen County Fort Wayne Development Trust Inc.

990 • Fiscal year 2020 • EIN 35-2090277

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
200 East Main Street Suite 800Fort Wayne, IN 46802

(260) 420-6945

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.05x

Higher debt load relative to assets than 21% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

11th percentile

0.05x

Higher debt load relative to revenue than 11% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets21st percentile

Assets

$68,556,632

No earlier filing loaded for comparison.

Net Assets

$65,209,057

No earlier filing loaded for comparison.

Liabilities

$3,347,575

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin99th percentile

Revenue

$65,124,437

No earlier filing loaded for comparison.

Expenses

$185,131

No earlier filing loaded for comparison.

Net Income

$64,939,306

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2020: $68,556,632Liabilities 2020: $3,347,575Net Assets 2020: $65,209,0572020Assets 2021: $88,140,308Liabilities 2021: $2,092,275Net Assets 2021: $86,048,0332021Assets 2022: $113,715,549Liabilities 2022: $2,025,983Net Assets 2022: $111,689,5662022Assets 2023: $113,932,337Liabilities 2023: $1,972,050Net Assets 2023: $111,960,2872023Assets 2024: $118,503,391Liabilities 2024: $1,873,098Net Assets 2024: $116,630,2932024

Highlighted filing

2020

Assets$68,556,632
Liabilities$3,347,575
Net Assets$65,209,057
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0Revenue 2020: $65,124,437Expenses 2020: $185,131Net Income 2020: $64,939,3062020Revenue 2021: $21,500,963Expenses 2021: $661,987Net Income 2021: $20,838,9762021Revenue 2022: $25,744,288Expenses 2022: $102,755Net Income 2022: $25,641,5332022Revenue 2023: $376,806Expenses 2023: $106,085Net Income 2023: $270,7212023Revenue 2024: $4,936,978Expenses 2024: $265,968Net Income 2024: $4,671,0102024

Highlighted filing

2020

Revenue$65,124,437
Expenses$185,131
Net Income$64,939,306
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$65,124,437
Mission and Program Overview

Mission

To advance current and future revitalization within the Allen County-Fort Wayne area, by facilitating real estate acquisition, redevelopment, rehabilitation, and/or construction in projects of strategic significance that promote new economic development or redevelopment.

To advance current and future revitalization and promote new economic development or redevelopment in the allen county-fort wayne area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,087,536$38,921,200▲ $37,833,664
Investments Program Related$242,307$26,434,350▲ $26,192,043
Other Notes and Loans Receivable, Net$2,033,720$2,727,180▲ $693,460
Cash and Non-Interest-Bearing Accounts$565,356$293,322▼ $272,034
Intangible Assets$200,000$180,000▼ $20,000
Prepaid Expenses and Deferred Charges$876$580▼ $296
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,134,795$68,556,632▲ $64,421,837
Other Assets Total$5,000$0▼ $5,000
Liabilities
Unsecured Notes Loans Payable$2,411,383$3,029,970▲ $618,587
Escrow Account Liability$983,046$0▼ $983,046
Mortgage Notes Payable Secured by Investment Property$229,829$229,829→ $0
Accounts Payable and Accrued Expenses$251,906$87,776▼ $164,130
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,876,164$3,347,575▼ $528,589
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$208,631$65,209,057▲ $65,000,426
Net Assets With Donor Restrictions$50,000$0▼ $50,000
Total Net Assets Fund Balance$258,631$65,209,057▲ $64,950,426
Total Liabilities and Net Assets / Fund Balance$4,134,795$68,556,632▲ $64,421,837

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$11,120--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Maclyn ParkerPresident
Robert S WaltersVice President
Charlie HeinyDirector
Ian D BoyceDirector
Karl BandemerDirector
Kylee ShireyDirector
Michael J Erler SrDirector
Rich BeckDirector
Trois HartSecretary
Susan WesnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,000,037
Program Service Revenue
$121,882
Investment Income
$2,518
Other Revenue
$0
All Other Contributions
$65,000,037
Change in Net Assets
$64,939,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$114,206--$114,206
Fees for Services Legal$38,560$3,536-$42,096
Depreciation Depletion$20,001--$20,001
Fees for Services Accounting-$3,966-$3,966
Insurance$771$1,158-$1,929
Other Expenses$2,250$211-$211
Total Functional Expenses$175,788$9,343$0$185,131
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The Form 990 is reviewed by an independent accounting firm and the Treasurer. Following these reviews, the Form 990 is provided to and approved by the Board of Directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“All board members and officers are required to complete a conflict of interest statement. During board discussions, an interested person must immediately disclose the existence of a possible or actual conflict of interest. The director with a disclosable interest is given the opportunity to disclose all material facts to the board of directors. If the board of directors has reasonable cause to believe a person has failed to disclose a disclosable interest, it shall inform such person of the basis for such belief and afford him or her an opportunity to explain the alleged failure to disclose. If, after hearing the person's response and after making further investigation as warranted by the circumstances, the board of directors determines the person has failed to disclose a disclosable interest, a majority of the disinterested members of the board of directors shall determine the appropriate corrective action to be taken. The purpose is to ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status.”

Filing and Contact Details

Filer

Filer Name
Allen County Fort Wayne Development
EIN
35-2090277
In Care Of
% SUSAN WESNER
Phone
2604206945
Address
200 EAST MAIN STREET SUITE 800, FORT WAYNE, IN 46802

Signing Officer

Name
Susan Wesner
Title
Treasurer
Phone
2604206945
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert S Walters
Formed
2011
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
14

Preparer

Firm
Bkd Llp
Address
200 E Main St Suite 700, Fort Wayne, IN 46802
Preparer
Anne E White
Phone
2604604000
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B

“Fort Wayne Downtown Development Trust previously held funds for Allen County - Fort Wayne Capital Improvement Board (CIB) and Allen County in support of the adaptive reuse of the former General Electric campus in downtown Fort Wayne, Indiana. All funds previously held with the Trust were disbursed in 2020.”

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IRS990/OtherExpensesGrp/Desc0APPRAISAL FEES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0472
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1211
IRS990/OtherExpensesGrp/ProgramServicesAmt02250
IRS990/OtherExpensesGrp/TotalAmt02250
IRS990/OtherExpensesGrp/TotalAmt1472
IRS990/OtherExpensesGrp/TotalAmt2211
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IRS990/OtherRevenueTotalAmt00
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02727180
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0876
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0580
IRS990/PrincipalOfficerNm0ROBERT S WALTERS
IRS990/PriorPeriodAdjustmentsAmt011120
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYOtherExpensesAmt0180640
IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0-3441
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IRS990/PYTotalExpensesAmt0230740
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/SubstantialContributorsTotAmt01484688
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleD/AgentTrusteeEtcInd0true
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IRS990ScheduleD/DistributionsDuringYearAmt0983046
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1108527
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt226078800
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt311120
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REAL ESTATE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1REAL ESTATE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2EW WEST CAMPUS LANDLORD LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3COLUMBIA STREET WEST
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fort Wayne Downtown Development Trust previously held funds for Allen County - Fort Wayne Capital Improvement Board (CIB) and Allen County in support of the adaptive reuse of the former General Electric campus in downtown Fort Wayne, Indiana. All funds previously held with the Trust were disbursed in 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueProgramRltdAmt026434350
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by an independent accounting firm and the Treasurer. Following these reviews, the Form 990 is provided to and approved by the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT. DURING BOARD DISCUSSIONS, AN INTERESTED PERSON MUST IMMEDIATELY DISCLOSE THE EXISTENCE OF A POSSIBLE OR ACTUAL CONFLICT OF INTEREST. THE DIRECTOR WITH A DISCLOSABLE INTEREST IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS. IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE A PERSON HAS FAILED TO DISCLOSE A DISCLOSABLE INTEREST, IT SHALL INFORM SUCH PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS DETERMINES THE PERSON HAS FAILED TO DISCLOSE A DISCLOSABLE INTEREST, A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS SHALL DETERMINE THE APPROPRIATE CORRECTIVE ACTION TO BE TAKEN. THE PURPOSE IS TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0ACFWDT
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1ACFWDT
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2ACFWDT
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0DDT HOLDINGS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1EW DEVELOPMENT TRUST HOLDINGS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2DTEW LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0352090277
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1854124238

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,556,632
Liabilities
$3,347,575
Net assets
$65,209,057
Revenue
$65,124,437
Expenses
$185,131
Net income
$64,939,306
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$119$1.87$117$4.94$0.27$4.67
2023Detailed filing. Detailed filing data is available for this year.$114$1.97$112$0.38$0.11$0.27
2022Detailed filing. Detailed filing data is available for this year.$114$2.03$112$25.7$0.10$25.6
2021Detailed filing. Detailed filing data is available for this year.$88.1$2.09$86.0$21.5$0.66$20.8
2020Detailed filing. Detailed filing data is available for this year.$68.6$3.35$65.2$65.1$0.19$64.9