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Community Development Corporation Of The Bloomington-Normal Area

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261436471 ✦ Normal, IL ✦ Designated as a 501(c)(3)

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Overview

What is Community Development Corporation Of The Bloomington-Normal Area?

The Community Development Corporation of the Bloomington-Normal Area is a nonprofit organization situated in Normal, Illinois. Its primary role is to collaborate with the Economic Development Council of the Bloomington-Normal Area to enhance financial support for local initiatives, thereby fostering economic growth and prosperity in the region. This is achieved through the provision of grants and loans. Furthermore, the organization is dedicated to promoting STEM education within the community. To accomplish this goal, the Community Development Corporation sponsors programs that encourage economic development and innovation in the local area.

Is Community Development Corporation Of The Bloomington-Normal Area legitimate?

Community Development Corporation Of The Bloomington-Normal Area is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Corporation Of The Bloomington-Normal Area submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Community Development Corporation Of The Bloomington-Normal Area?

The Community Development Corporation of the Bloomington-Normal Area serves a vital role in supporting the Economic Development Council of the Bloomington-Normal Area by providing additional funding for economic growth and prosperity in the region. This is achieved through local grants and loans. Beyond economic development, the organization is also committed to promoting STEM education in the community. The Community Development Corporation sponsors various programs aimed at fostering economic growth within the community. Located in Normal, IL, this organization plays a significant role in uplifting the local economy and nurturing the next generation of scientists, technologists, engineers, and mathematicians.

Who is the CEO of Community Development Corporation Of The Bloomington-Normal Area?

Patrick Hoban is the Ceo of Community Development Corporation Of The Bloomington-Normal Area. The CEO's salary of Community Development Corporation Of The Bloomington-Normal Area is $0 and their total compensation is $0.

What is the revenue of Community Development Corporation Of The Bloomington-Normal Area?

Community Development Corporation Of The Bloomington-Normal Area's revenue in 2022 was $60,008.

Who are the executives of Community Development Corporation Of The Bloomington-Normal Area and what are their salaries?


Here are 7 key members and their salaries (Community Development Corporation Of The Bloomington-Normal Area's CEO's salary is $0 and their total compensation is $0):


Cassy Taylor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Gleason (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Reece (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Edelman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Good (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Hoban (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Roesch (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Community Development Corporation Of The Bloomington-Normal Area?

Community Development Corporation Of The Bloomington-Normal Area's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Community Development Corporation Of The Bloomington-Normal Area

The Community Development Corporation of the Bloomington-Normal Area plays a significant role in supporting the Economic Development Council of the Bloomington-Normal Area. This organization's mission is to provide additional funding for the promotion of economic development and prosperity in the region. They achieve this by offering local grants and loans. Beyond economic development, the Community Development Corporation also contributes to the community by promoting STEM education. They sponsor various programs that aim to foster economic growth, thereby contributing to the overall well-being of the area. The organization's efforts in this regard are noteworthy and contribute significantly to the region's economic landscape.

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Impact




August, 2024

Community Development Corporation Of The Bloomington-Normal Area plays a crucial role in promoting economic development and prosperity in the Bloomington-Normal region. By providing additional funding through local grants and loans, the organization supports initiatives that stimulate growth and innovation in the community. Moreover, its emphasis on promoting STEM education helps to prepare the next generation for success in a rapidly evolving economy. Through its programs and initiatives, the Community Development Corporation contributes to the overall improvement of the community, fostering a more vibrant and sustainable future for residents and businesses alike.




This information is meant to be a general summary of Community Development Corporation Of The Bloomington-Normal Area. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$60,008 (2022)
Expenses
$60,010 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8
  • Gross Receipts: $60,008

Assets and Liabilities:

  • Total Assets: $45,691
  • Total Liabilities: $0
  • Net Assets: $45,691

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Organization Details

Principal Officer

Patrick Hoban

Main Address

200 W COLLEGE AVE SUITE 402, NORMAL, IL, 61761

NTEE Category

Code: S31 - Community improvement

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