Cdfi Friendly Bloomington INC FY2023 filing

Tax-deductible

Bloomington, IN501(c)(3)Since 2018Community DevelopmentEIN 83-3678930Revenue $125K in FY2023

On file with the IRScdfifriendlybtown.org100 S College Avenue, 47404-3973 · Bloomington, INTax-exempt since Sep 2019Publicly supported — 509(a)(2)

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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.
54¢ 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

FY2023 · 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
54%
of spending
Worth a look: 54% 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 · 48% of spending
Concern: pay to officers and key staff is 48% of spending; over 30%.
Pt VII · Sec A
Cash reserves
35 mo
of spending, in cash
Looks good: 34.9 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
$6K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$125K
-33% vs prior year
Spent
$194K
To programs
54%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$125K
FY2023▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$262K
FY2022$187K
FY2023$125K
FY2024$473K
FY2025$675K
Expenses
$194K
FY2023▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2020$112K
FY2021$199K
FY2022$123K
FY2023$194K
FY2024$434K
FY2025$456K
Net assets
$2.2M
FY2023▼ -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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

54 cents of each dollar spent went to programs.

Program services 54% · $104K Management & general 43% · $84K Fundraising 3% · $6K

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
$92,884Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Treasurer
$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 →

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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.

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Provided by the organization

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1 program · $104K · in their own filed words · FY2023
01

Cdfi friendly bloomington (CFB) had a change in executive directors in 2023 and focused on project pipeline development and several areas of administration that put the organization in a better standing to receive federal funding.

$104Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$125K
Ln 12
Investment incomeLn 3$76K
Gifts and grantsLn 1h$45K
Fees for servicesLn 2g$4K
Money outPt IX
$194K
Ln 25
Programscol B$104K
Managementcol C$84K
Fundraisingcol D$6K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$565K
Total assetsLn 16$2.2M
LiabilitiesLn 26$6K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Fees for servicesLn 2g$4K
Investment incomeLn 3$76K
Total revenueLn 12$125K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$516K
Cash and savings togetherLn 1–2$565K
Other assetsLn 15$1.0M
Total assetsLn 16$2.2M
LiabilitiesLn 26$6K
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 FY23End FY23
Cash and savingsLn 1–2$828K$565K
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$0$6K
Net assetsLn 32$2.3M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Pay of current officers, directors and key staffLn 5$93K$56K$33K$5K
Other salaries and wagesLn 7$20K$12K$7K$1K
Other employee benefitsLn 9$111$67$39$5
Payroll taxesLn 10$9K$5K$3K$438
Accounting feesLn 11c$33K$33K
Investment management feesLn 11f$1K$1K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$13K$9K$4K$53
Total functional expensesLn 25$194K$104K$84K$6K

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 Viewing $125K$194K−$69K$2.2M 990 PDF
FY2022 $187K$123K$64K$2.3M 990 PDF
FY2021 $262K$199K$63K$2.1M 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $125,286 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $164,000$44,750
I-9 Program service revenuePrior year $0$4,120
I-10 Investment incomePrior year $22,607$76,416
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $186,607$125,286
I-13 Grants and similar amounts paidPrior year $10,000$20,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $95,910$122,234
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,965$51,866
I-18 Total expensesPrior year $122,875$194,100
I-19 Revenue less expensesPrior year $63,732−$68,814
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $125,286 across 5 lines filed
VIII-1f All other contributions, gifts and grants$44,750
VIII-1h Total contributions, gifts and grants$44,750
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,120$4,120
VIII-3 Investment incomeExcluded from tax $76,416$76,416
VIII-12 Total revenueRelated to mission $4,120 · Unrelated business $0 · Excluded from tax $76,416$125,286
Part IX · Statement of functional expenses $194,100 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-5 Pay of current officers, directors and key staffPrograms $55,731 · Management $32,510 · Fundraising $4,644$92,885
IX-7 Other salaries and wagesPrograms $12,287 · Management $7,167 · Fundraising $1,024$20,478
IX-9 Other employee benefitsPrograms $67 · Management $39 · Fundraising $5$111
IX-10 Payroll taxesPrograms $5,256 · Management $3,066 · Fundraising $438$8,760
IX-11c Accounting feesManagement $32,777$32,777
IX-11f Investment management feesManagement $1,052$1,052
IX-17 TravelManagement $1,152$1,152
IX-19 Conferences, conventions and meetingsPrograms $1,776$1,776
IX-23 InsuranceManagement $2,095$2,095
IX-24 Other expenses (24a–d)Programs $9,203 · Management $3,758 · Fundraising $53$13,014
IX-25 Total functional expensesPrograms $104,320 · Management $83,616 · Fundraising $6,164$194,100
Part X · Balance sheet $2,210,563 assets, 12 lines filed
Asset lines not itemized here account for $598,511; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $110,484$48,583
X-2 Savings and temporary cash investmentsStart of year $717,032$515,981
X-3 Pledges and grants receivableStart of year $25,000$0
X-4 Accounts receivable$515
X-15 Other assetsStart of year $1,023,098$1,046,973
X-16 Total assetsStart of year $2,273,620$2,210,563
X-17 Accounts payable and accrued expensesStart of year $0$5,757
X-26 Total liabilitiesStart of year $0$5,757
X-27 Net assets without donor restrictionsStart of year $140,643$99,954
X-28 Net assets with donor restrictionsStart of year $2,132,977$2,104,852
X-32 Total net assets or fund balancesStart of year $2,273,620$2,204,806
X-33 Total liabilities and net assetsStart of year $2,273,620$2,210,563
Part XI · Reconciliation of net assets $2,204,806 net assets at year end
XI-1 Total revenue$125,286
XI-2 Total expenses$194,100
XI-3 Revenue less expenses−$68,814
XI-4 Net assets at start of year$2,273,620
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,204,806

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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