2025-10-31T13:59:12-05:00 2024-12-31 351178661 BLUE & CO LLC 813 WEST SECOND STREET SEYMOUR IN 47274 990 2024-01-01 833678930 CDFI FRIENDLY BLOOMINGTON INC CDFI 8123209003 100 S COLLEGE AVENUE BLOOMINGTON IN 47404 JOHN ZODY EXECUTIVE DIRECTOR 6515009968 2025-10-29 1 1 KANDY L WISCHMEIER P00118327 8125228416 2025-10-29 2024 2025-03-06 01:10:19Z JOHN ZODY 100 S COLLEGE AVENUE BLOOMINGTON IN 47404 473448 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. 7 7 1 7 0 0 44750 390137 4120 11770 76416 71541 0 0 125286 473448 20000 0 0 0 122234 121392 0 0 6070 51866 312209 194100 433601 -68814 39847 2210563 2301458 5757 56796 2204806 2244662 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 341345 DURING 2024, THE ORGANIZATION BEGAN PROJECT ASSSESSMENTS FOR ITS EPA BROWNFIELD ASSESSMENT GRANT THAT, DUE TO DEMAND FOR ASSSESSMENTS, RESULTED IN SPENDING DOWN 38% OF THE GRANT IN THE FIRST YEAR OF THIS FOUR-YEAR GRANT. CDFI FRIENDLY ALSO COMPLETED A STRATEGIC PLANNING PROCESS TO FOUCUS ON AFFORDABLE HOUSING, SMALL BUSINESS AND CHILD CARE, AND ALSO SUBMITTED ITS APPLICATION TO THE US TREASURY CDFI FUND TO BECOME A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). THIS APPLICATION WAS APPROVED IN APRIL 2025. WORK IN 2024 WAS ALSO CONTINUED IN THE AREA OF AFFORDABLE HOUSING THROUGH COLLABORATIONS WITH TWO CDFIS TO CREATE AND PRESERVE 13 UNITS OF AFFORDABLE HOUSING. TO END THE YEAR, WE WERE INFORMED THE ORGANIZATION WAS AWARDED A MUTLI-YEAR, $300,000 TECHNICAL ASSISTANCE (TA) GRANT FROM THE US TREASURY CDFI FUND. 341345 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 CHRIS COCKERHAM DIRECTOR 0.50 X 0 0 0 DAVID MILLER DIRECTOR 0.50 X 0 0 0 JONAS CHANG DIRECTOR 0.50 X 0 0 0 ILENE SCHAEFFER DIRECTOR 0.50 X 0 0 0 TINA PETERSON PRESIDENT 2.00 X X 0 0 0 HEATHER ROBINSON SECRETARY 0.50 X X 0 0 0 SCOTT SHISHMAN TREASURER 1.00 X X 0 0 0 JOHN ZODY EXECUTIVE DIRECTOR 40.00 X 106154 0 0 106154 0 0 1 0 0 0 0 188863 201274 390137 PROGRAM SERVICE REVENU 900099 11770 11770 11770 71541 71541 473448 11770 0 71541 X 106154 63693 37154 5307 6499 3899 2274 326 8739 5243 3059 437 9000 7908 1092 4364 3834 530 14350 12609 1741 974 974 266037 233756 32281 1127 1127 1137 1137 2151 2151 PROGRAM SUPPORT 8292 8292 DUES AND SUBSCRIPTIONS 1713 1713 3064 3064 433601 341345 86186 6070 48583 33296 515981 511688 129774 515 488 598511 783223 1046973 842989 2210563 2301458 5757 52642 4154 5757 56796 X 99954 361648 2104852 1883014 2204806 2244662 2210563 2301458 39847 9 0 X X 0 1 X 1 0 X 1068422 259858 164000 44750 390137 1927167 1068422 259858 164000 44750 390137 1927167 56200 1870967 4943 2063 22607 75364 71541 176518 2103685 11770 0.88940 0.56690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTEREST IN NET ASSETS HELD AT THE CF OF BLOOMINGTON AND MONROE COUNTY, INC 842989 842989 X 472483 9 9 472474 974 974 473448 432627 0 432627 974 974 433601 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, 2024 AND 2023, 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. 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 IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 233,756. MANAGEMENT AND GENERAL EXPENSES 32,281. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 266,037. FORM 990, PART IX, LINE 11G CONSULTING EXPENSES RELATED TO EPA GRANT, EXPENSES PAID TO FABIANI ADVISORS FOR THEIR ASSISTANCE WITH THE CDFI FUND CERTIFICATION PROCESS, AND FOR EXPENSES PAID TO ELIZABETH DWYER FOR TECHNICAL ASSISTANCE GRANT APPLICATION ASSISTANCE AND CONSULTING. 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.