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.
79¢ of each $1 spent went to programs.
$88K 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

FY2021 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 44% of spending
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
44 mo
of spending, in cash
Looks good: 44.1 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
$262K
-76% vs prior year
Spent
$199K
To programs
79%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$262K
FY2021▼ -76%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$262K
FY2022$187K
FY2023$125K
FY2024$473K
FY2025$675K
Expenses
$199K
FY2021▲ +78%
Tap a bar for its year
Expenses by fiscal year
FY2020$112K
FY2021$199K
FY2022$123K
FY2023$194K
FY2024$434K
FY2025$456K
Net assets
$2.1M
FY2021▼ -3%
Tap a bar for its year
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 FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 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 ruling in Sep 2019.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $158K Management & general 18% · $36K Fundraising 3% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$87,692Pt 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.

See Cdfi Friendly Bloomington INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Cdfi Friendly Bloomington INC

Tap to ask. Cdfi Friendly Bloomington INC sees how many people are interested.

Your first name shows with your question. Cdfi Friendly Bloomington INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $158K · in their own filed words · FY2021
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.

$158Kprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$262K
Ln 12
Gifts and grantsLn 1h$260K
Investment incomeLn 3$2K
Money outPt IX
$199K
Ln 25
Programscol B$158K
Managementcol C$36K
Fundraisingcol D$5K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$729K
Total assetsLn 16$2.1M
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$260K
Investment incomeLn 3$2K
Total revenueLn 12$262K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$685K
Cash and savings togetherLn 1–2$729K
Other assetsLn 15$1.0M
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
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 FY21End FY21
Cash and savingsLn 1–2$898K$729K
Total assetsLn 16$2.2M$2.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$89K$53K$31K$4K
Other salaries and wagesLn 7$2K$1K$846$120
Other employee benefitsLn 9$695$417$243$35
Payroll taxesLn 10$9K$5K$3K$458
Legal feesLn 11b$450$450
Accounting feesLn 11c$11K$11K
TravelLn 17$270$270
Other expenses (24a–d)Ln 24$86K$86K
Total functional expensesLn 25$199K$158K$36K$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 Viewing $262K$199K$63K$2.1M 990 PDF
FY2020 $1.1M$112K$970K$2.2M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $261,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,068,422$259,858
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,943$2,063
I-11 Other revenuePrior year $8,000$0
I-12 Total revenuePrior year $1,081,365$261,921
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 $105,020$101,244
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,828$97,371
I-18 Total expensesPrior year $111,848$198,615
I-19 Revenue less expensesPrior year $969,517$63,306
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $261,921 across 4 lines filed
VIII-1f All other contributions, gifts and grants$259,858
VIII-1h Total contributions, gifts and grants$259,858
VIII-3 Investment incomeExcluded from tax $2,063$2,063
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,063$261,921
Part IX · Statement of functional expenses $198,615 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $52,953 · Management $31,419 · Fundraising $4,489$88,861
IX-7 Other salaries and wagesPrograms $1,453 · Management $846 · Fundraising $120$2,419
IX-9 Other employee benefitsPrograms $417 · Management $243 · Fundraising $35$695
IX-10 Payroll taxesPrograms $5,493 · Management $3,318 · Fundraising $458$9,269
IX-11b Legal feesPrograms $450$450
IX-11c Accounting feesPrograms $10,750$10,750
IX-17 TravelPrograms $270$270
IX-24 Other expenses (24a–d)Programs $85,901$85,901
IX-25 Total functional expensesPrograms $157,687 · Management $35,826 · Fundraising $5,102$198,615
Part X · Balance sheet $2,104,258 assets, 10 lines filed
Asset lines not itemized here account for $325,225; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $60,376$44,058
X-2 Savings and temporary cash investmentsStart of year $837,935$685,316
X-3 Pledges and grants receivableStart of year $90,000$40,000
X-15 Other assetsStart of year $1,070,804$1,009,659
X-16 Total assetsStart of year $2,164,327$2,104,258
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $169,880$165,165
X-28 Net assets with donor restrictionsStart of year $1,994,447$1,939,093
X-32 Total net assets or fund balancesStart of year $2,164,327$2,104,258
X-33 Total liabilities and net assetsStart of year $2,164,327$2,104,258
Part XI · Reconciliation of net assets $2,104,258 net assets at year end
XI-1 Total revenue$261,921
XI-2 Total expenses$198,615
XI-3 Revenue less expenses$63,306
XI-4 Net assets at start of year$2,164,327
XI-8 Prior period adjustments−$123,375
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,104,258

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.