Cdfi Friendly Bloomington Inc

Nonprofit profile at a glance

EIN
833678930
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Bloomington, IN, USA
Phone
8123209003
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$675,336
Expenses
$455,974
Assets
$2,480,540
Liabilities
$16,516

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • TINA PETERSON (PRESIDENT)
  • JOHN ZODY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JOHN ZODY (EXECUTIVE DIRECTOR): $119,423 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2025

In 2025, the organization, for the first time, became a certified cdfi by the u.s. Treasury's cdfi fund. This represents a threshold for organizational structure and helps increase access to financial products that can help the organization's 13-county service area produce more affordable housing and small business expansion. During 2025, the organization loaned capital to assist in expanding small business in bloomington and was a financial partner on the construction of an early learning and affordable housing center that will house three families and serve approximately 25 children in child care. In addition to providing financing for community development projects, the organization hired a program coordinator to assist in growing mission-based initiatives and outreach for the region. Together with the executive director, cdfi friendly bloomington provided 275 hours of technical assistance to regional organizations and since its inception has impact nearly 425 units of affordable housing in southwest central Indiana.

Operating model

Revenue model
Grant-funded. 64% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.7%; rating input score 57
  • Program expense ratio: 77.4%; rating input score 77
  • Fundraising efficiency: $79.26 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 32.5%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 5.44; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 26.2%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 33.9% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: -14.6% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 56.7% of revenue deployed · 77.4% of spending went to programs
  • Governance: 6 of 6 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $353K in reported program spending
  • Leadership: top reported pay $119K · 7 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.