Cdfi Friendly Bloomington INC FY2020 filing

Tax-deductible

Bloomington, IN501(c)(3)Since 2018Community DevelopmentEIN 83-3678930

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The organizations purpose is to strengthen the communities of Bloomington, monroe county and the neighboring regions of south central indiana, and improve the economic conditions of its lower income residents, by assisting community development financial institutions and other organizations to provide low-cost, accessible, flexible, affordable financing for housing, job development, charitable and educational services and other community projects.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$93K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 $214K a year · 46% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 83% of spending
Concern: pay to officers and key staff is 83% of spending; over 30%.
Pt VII · Sec A
Cash reserves
96 mo
of spending, in cash
Looks good: 96.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$112K
To programs
62%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$1.1M
FY2020
Revenue by fiscal year
FY2020$1.1M
FY2021$262K
FY2022$187K
FY2023$125K
FY2024$473K
FY2025$675K
Expenses
$112K
FY2020
Expenses by fiscal year
FY2020$112K
FY2021$199K
FY2022$123K
FY2023$194K
FY2024$434K
FY2025$456K
Net assets
$2.2M
FY2020
Net assets by fiscal year
FY2020$2.2M
FY2021$2.1M
FY2022$2.3M
FY2023$2.2M
FY2024$2.2M
FY2025$2.5M

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2019.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $69K Management & general 33% · $37K Fundraising 5% · $5K

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

8 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$93,270Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

John Zody’s $119K as Executive Director is at the 81st percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Zody$119,423$106,154————
Brian Payne———$68,176$87,692$93,270
Jane Kupersmith——$92,884———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Connects local projects with affordable capital for economic growth.

Provided by the organization

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1 program service account for $69K of program spending, described in the organization's own filed words · FY2020.
01

The organization's central purpose, which is to identify and support local and regional nonprofits, small businesses, and other community development projects in their efforts to secure affordable financing.

$69Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 3 grants · $30K · 2022–2023

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$8K
Investment incomeLn 3$5K
Money outPt IX
$112K
Ln 25
Programscol B$69K
Managementcol C$37K
Fundraisingcol D$5K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$898K
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$5K
Other incomeLn 4–11$8K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$838K
Cash and savings togetherLn 1–2$898K
Other assetsLn 15$1.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 66
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 FY20End FY20
Cash and savingsLn 1–2$1.0M$898K
Total assetsLn 16$1.0M$2.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$58K$34K$5K
Other salaries and wagesLn 7$2K$1K$605$86
Payroll taxesLn 10$7K$4K$3K$366
Legal feesLn 11b$500$500
Office expensesLn 13$775$388$387
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$112K$69K$37K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $675K$456K$219K$2.5M 990 PDF
FY2024 $473K$434K$40K$2.2M 990 PDF
FY2023 $125K$194K−$69K$2.2M 990 PDF
FY2022 $187K$123K$64K$2.3M 990 PDF
FY2021 $262K$199K$63K$2.1M 990 PDF
FY2020 Viewing $1.1M$112K$970K$2.2M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,081,365 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,068,422
VIII-1h Total contributions, gifts and grants$1,068,422
VIII-3 Investment incomeExcluded from tax $4,943$4,943
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,000$8,000
VIII-12 Total revenueRelated to mission $8,000 · Unrelated business $0 · Excluded from tax $4,943$1,081,365
Part IX · Statement of functional expenses $111,848 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $57,583 · Management $33,590 · Fundraising $4,799$95,972
IX-7 Other salaries and wagesPrograms $1,038 · Management $605 · Fundraising $86$1,729
IX-10 Payroll taxesPrograms $4,391 · Management $2,562 · Fundraising $366$7,319
IX-11b Legal feesPrograms $500$500
IX-13 Office expensesPrograms $388 · Management $387$775
IX-24 Other expenses (24a–d)Programs $5,553$5,553
IX-25 Total functional expensesPrograms $69,453 · Management $37,144 · Fundraising $5,251$111,848
Part X · Balance sheet $2,164,327 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $15,671$60,376
X-2 Savings and temporary cash investmentsStart of year $1,006,561$837,935
X-3 Pledges and grants receivable$90,000
X-4 Accounts receivable$105,212
X-15 Other assetsStart of year $0$1,070,804
X-16 Total assetsStart of year $1,022,232$2,164,327
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$169,880
X-28 Net assets with donor restrictionsStart of year $1,022,232$1,994,447
X-32 Total net assets or fund balancesStart of year $1,022,232$2,164,327
X-33 Total liabilities and net assetsStart of year $1,022,232$2,164,327
Part XI · Reconciliation of net assets $2,164,327 net assets at year end
XI-1 Total revenue$1,081,365
XI-2 Total expenses$111,848
XI-3 Revenue less expenses$969,517
XI-4 Net assets at start of year$1,022,232
XI-8 Prior period adjustments$172,578
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,164,327

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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