Cani S Center for Community & Economic Development

Cani S Center for Community & Economic Development is a nonprofit organization based in the United States, serving as a Community Development Financial Institution (CDFI). This designation allows the organization to provide loans and financial services to local small businesses, promoting economic growth and community development.

History and Structure

Founded in December 2012, the organization was initially federally registered in December 2011. It operates as a tax-exempt corporate entity. The organization has also been known as the Brightpoint Development Fund, reflecting its commitment to community economic development.

Mission and Activities

The mission of Cani S Center for Community & Economic Development is to foster economic revitalization and community improvement by investing in and supporting Community Development Financial Institutions. By offering financial assistance, the organization helps stimulate local economies by supporting small businesses and entrepreneurship initiatives.

Recognition and Ratings

Cani S Center for Community & Economic Development has received high recognition for its efforts, earning a 4/4 Star rating from Charity Navigator. This rating indicates a high level of transparency and efficiency in its operations.

Nonprofit Status

As a registered nonprofit, the organization files annual tax returns with the Internal Revenue Service (IRS), providing detailed financial information under Form 990. This ensures transparency and accountability in its financial dealings.

Overall, Cani S Center for Community & Economic Development plays a vital role in nurturing economic growth and community development through its CDFI services and commitment to transparency and accountability.