2024-11-12T07:15:13-06:00 2023-12-31 351178661 BLUE & CO LLC 813 WEST SECOND STREET SEYMOUR IN 47274 990 2023-01-01 833678930 CDFI FRIENDLY BLOOMINGTON INC CDFI 8123209003 100 S COLLEGE AVENUE BLOOMINGTON IN 47404 JOHN ZODY EXECUTIVE DIRECTOR 6515009968 2024-09-27 1 1 KANDY L WISCHMEIER P00118327 8125228416 2024-09-27 2023 2024-10-15 13:58:12Z JOHN ZODY 100 S COLLEGE AVENUE BLOOMINGTON IN 47404 125286 0 X WWW.CDFIFRIENDLYBTOWN.ORG X 2018 IN TO IMPROVE THE ECONOMIC WELFARE OF BLOOMINGTON, IN, AND SURROUNDING AREAS BY HELPING LOCAL COMMUNITY DEVELOPMENT PROJECTS ACCESS FLEXIBLE, AFFORDABLE CAPITAL FROM COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) OR OTHER ORGANIZATIONS. 6 6 2 6 0 0 164000 44750 0 4120 22607 76416 0 0 186607 125286 10000 20000 0 0 95910 122234 0 0 6164 16965 51866 122875 194100 63732 -68814 2273620 2210563 0 5757 2273620 2204806 X 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. 0 0 104320 20000 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. DURING THIS PERIOD, THE ORGANIZATION SECURED A BROWNFIELD ASSESSMENT GRANT FROM THE US EPA, WHICH CAN BE USED TO PERFORM A SERIES OF ENVIRONMENTAL ASSESSMENTS AT SITES ACROSS ITS 13-COUNTY REGION. MAIN AREAS OF FOCUS FOR CFB IN 2023 FOCUSED ON THE CONTINUED DEVELOPMENT OF AFFORDABLE HOUSING WITH CDFI INVESTMENT, AS WELL AS FACILITATING INVESTMENT WITH SMALL BUSINESSES IN OUR SERVICE AREA TO RETAIN OR CREATE JOBS. AS A PART OF THESE EFFORTS, CFB WAS PLEASED TO PARTNER WITH A LOCAL NONPROFIT AND A NATIONAL CDFI TO DEVELOP A COOPERATIVE HOUSING PROJECT THAT RESULTED IN 11 UNITS OF AFFORDABLE HOUSING IN DOWNTOWN BLOOMINGTON, INDIANA. 104320 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X THE ORGANIZATION 8123209003 100 S COLLEGE AVENUE BLOOMINGTON IN 47404 JOHN HAMILTON DIRECTOR 1.00 X 0 0 0 JIM SIMS DIRECTOR 1.00 X 0 0 0 CHRIS COCKERHAM DIRECTOR 1.00 X 0 0 0 TINA PETERSON PRESIDENT 2.00 X X 0 0 0 HEATHER ROBINSON SECRETARY 2.00 X X 0 0 0 SCOTT SHISHMAN TREASURER 2.00 X X 0 0 0 CINDY KINNARNEY PAST TREASURER 2.00 X X 0 0 0 JANE KUPERSMITH EXECUTIVE DIRECTOR 40.00 X 92884 0 0 92884 0 0 0 0 0 0 0 44750 44750 PROGRAM SERVICE REVENU 900099 4120 4120 4120 76416 76416 125286 4120 0 76416 20000 20000 92885 55731 32510 4644 20478 12287 7167 1024 111 67 39 5 8760 5256 3066 438 32777 32777 1052 1052 1152 1152 1776 1776 2095 2095 PROGRAM SUPPORT 8563 8563 MISCELLANEOUS 1743 1743 DUES AND SUBSCRIPTIONS 1642 1642 MISC ADMIN 1066 640 373 53 194100 104320 83616 6164 110484 48583 717032 515981 25000 0 515 398006 598511 1023098 1046973 2273620 2210563 0 5757 0 5757 X 140643 99954 2132977 2104852 2273620 2204806 2273620 2210563 -68814 0 X X 0 1 X 1 0 X 1200000 1068422 259858 164000 44750 2737030 1200000 1068422 259858 164000 44750 2737030 1122080 1614950 6979 4943 2063 22607 75364 111956 2848986 4120 0.56690 0.58380 X SCH A PART I LINE 21 CDFI FRIENDLY BLOOMINGTON, INC. AND THE COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY HAVE ENTERED INTO A FISCAL SPONSORSHIP AGREEMENT. WHILE THE COMMUNITY FOUNDATION (CFBMC) WAS A CO-FOUNDING MEMBER OF THIS ORGANIZATION, THE GOVERNING DOCUMENTS OF CDFI FRIENDLY BLOOMINGTON, INC. DO NOT SPECIFICALLY MENTION CFBMC AS A FISCAL SPONSOR. PER THE TERMS OF THE FISCAL SPONSORSHIPS AGREEMENT, CFBMC ALLOWS CDFI FRIENDLY BLOOMINGTON, INC. TO USE ITS HUMAN RESOURCES, CONTROLLER, AND OTHER ADMINISTRATIVE SERVICES. HOWEVER, CFBMC EXERTS NO CONTROL OVER THE APPOINTMENT OF DIRECTORS TO THE CDFI FRIENDLY BLOOMINGTON, INC. GOVERNING BOARD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTEREST IN NET ASSETS HELD AT THE CF OF BLOOMINGTON AND MONROE COUNTY, INC 1046973 1046973 X 124234 0 124234 1052 1052 125286 193048 0 193048 1052 1052 194100 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM TAXATION AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS SUCH, THE ORGANIZATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE ORGANIZATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX WHICH IS AN INFORMATIONAL RETURN ONLY. 0 BLOOMINGTON DEVELOPMENTAL LEARNING CENTER 1807 S HIGHLAND AVE BLOOMINGTON IN 47401 351784455 501(C)(3) 10000 0 TO FURTHER THE PURPOSE OF THE EXEMPT ORGANIZATION GIRLS INCORPORATED OF MONROE COUNTY 1108 W 8TH ST BLOOMINGTON IN 47404 540962978 501(C)(3) 10000 0 TO FURTHER THE PURPOSE OF THE EXEMPT ORGANIZATION 2 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVES A COPY OF THE COMPLETED 990, FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CDFI FRIENDLY BLOOMINGTON, INC. MAINTAINS A MANDATORY CONFLICT OF INTEREST POLICY, OF WHICH DIRECTORS ARE APPRISED PRIOR TO THEIR APPOINTMENT. ALL DIRECTORS AND KEY EMPLOYEES MUST COMPLY WITH THE CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, STAFF AND DIRECTORS MUST DISCLOSE ANY ACTUAL OR APPEARANCE OF CONFLICT OF INTEREST TO THE BOARD IN WRITING. THAT DISCLOSURE FORM ALSO SERVES AS THE INDIVIDUAL'S AGREEMENT TO THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS SET BY THE BOARD OF DIRECTORS BASED UPON RECOMMENDATIONS OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS HAVE BEEN FILED WITH THE STATE OF INDIANA AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 11A THERE WAS NO CHANGE IN THE CURRENT YEAR IN THE PROCESS OF REVIEWING THE 990 PRIOR TO FILING.