Brightpoint

Nonprofit profile at a glance

EIN
351111819
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Fort Wayne, Indiana, US
Phone
(800) 589-3506 or (260) 423-3546
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Community Coalitions

Official website

Reported finances

Revenue
$33,936,442
Expenses
$31,709,401
Assets
$21,674,787
Liabilities
$12,290,079

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • STEPHEN HOFFMAN (PRESIDENT/CEO)

Highest reported compensation

  • STEPHEN HOFFMAN (PRESIDENT/CEO): $256,595 total reported compensation
  • MATTHEW CROUCH (VP OF COMMUNITY ECON. DEVELOPMENT): $180,959 total reported compensation
  • VERONICA MERTZ (VP OF ADMINISTRATION): $180,801 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To empower communities, families, and individuals by addressing the underlying causes and conditions of poverty.

What it reported doing in 2024

Housing - housing programs include housing choice voucher program and permanent supportive housing program. The housing choice voucher program is a federally funded rental assistance program that provides vouchers for eligible households to help pay rent on privately owned homes or apartments of their choosing. Rental units are required to pass a housing quality standards inspection. Generally, a family receiving assistance pays at least 30 percent of its monthly adjusted gross income for rent and utilities. The permanent supportive housing program provides permanent housing in conjunction with supportive services to help homeless people with disabilities and their families. Housing vouchers help pay a portion of the family's rent and are designed for people who are homeless and disabled. Clients must be hud defined homeless and disabled. Rental units are required to pass a housing quality standards inspection. In fiscal year 2025 an average of 437 families were assisted each month, through the housing choice voucher program, with housing assistance payments across ten counties in northeast and north central Indiana. An average of 100 families were assisted through the permanent supportive housing program, with monthly rental assistance payments across six counties in northeast Indiana.

Operating model

Revenue model
Grant-funded. 95% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 78
  • Accountability: 100
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.8%; rating input score 88
  • Program expense ratio: 93.9%; rating input score 94
  • Fundraising efficiency: $324.38 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.8%; rating input score 99; 31st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.6%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 0.68; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 2.8%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 4.9% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 10.8% per year; rating input score 100; 68th percentile among comparable filings

Details

  • What they do: 13 programs and campaigns described on the official site · 10 operating locations identified
  • Where the money goes: 87.8% of revenue deployed · 93.9% of spending went to programs
  • Governance: 18 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 7 filed program accomplishments · $29.8M in reported program spending
  • Leadership: top reported pay $257K · 27 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.7M reported
  • Consistency: 36 of 38 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 9 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.