Overview
What is Cdfi Friendly Bloomington Inc?
Cdfi Friendly Bloomington Inc is a nonprofit organization located in Bloomington, Indiana, with a focus on strengthening the local community. Their primary mission is to assist community development projects in securing affordable financing from Community Development Financial Institutions (CDFIs) or other organizations. In 2019, they funded a full-time executive director's position to promote local projects and provide technical assistance and support to borrowers. Their efforts benefited numerous community projects in their pursuit of financing, successfully facilitating over $9 million in CDFI financing for local projects. These projects supported the construction of 50 affordable housing units, created dozens of construction jobs, and fostered new relationships between local nonprofits and regional and national investors. The organization's purpose is to enhance the economic conditions of lower-income residents in Bloomington, Monroe County, and surrounding regions of South Central Indiana. Overall, Cdfi Friendly Bloomington Inc aims to improve the economic welfare of its community by facilitating accessible and flexible financing for various community projects.
Official website here: www.cdfifriendlybtown.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Cdfi Friendly Bloomington Inc has achieved an impressive score of 97%, reflecting its strong performance in accountability and finance. The charity's overall score is derived entirely from its accountability measures, indicating a high level of transparency and responsible financial management. The organization boasts an independent board composed entirely of members who are not affiliated with the organization, ensuring objective oversight.
The charity excels in several key areas, including having no material diversions of assets and a favorable liabilities to assets ratio of 0.00%. Additionally, it maintains comprehensive policies on conflict of interest, whistleblower protections, and document retention. Its program expense ratio of 70.41% suggests that a significant portion of its resources is directed towards its mission-driven activities.
While the data highlights the organization’s strengths, it is important to consider that the score is based solely on financial accountability. Future evaluations may expand to include a broader range of criteria, such as impact and effectiveness, to provide a more comprehensive view of the nonprofit’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Cdfi Friendly Bloomington Inc legitimate?
Cdfi Friendly Bloomington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cdfi Friendly Bloomington Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $68,176
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,817
For more financial information, click here
Official website here: www.cdfifriendlybtown.org
What is the mission statement of Cdfi Friendly Bloomington Inc?
Cdfi Friendly Bloomington Inc's mission is centered around improving the economic welfare of its community. The organization aims to achieve this by helping local community development projects access flexible, affordable capital from Community Development Financial Institutions (CDFIs) or other organizations. The primary purpose of Cdfi Friendly Bloomington Inc is to strengthen the local communities by assisting CDFIs and other organizations to provide low-cost, accessible, flexible, and affordable financing for various community projects such as housing, job development, charitable services, educational initiatives, and other community-based ventures. By doing so, the organization aims to improve the economic conditions of its lower-income residents.
Official website here: www.cdfifriendlybtown.org
Who is the CEO of Cdfi Friendly Bloomington Inc?
Jane Kupersmith is the Director of Cdfi Friendly Bloomington Inc.
Official website here: www.cdfifriendlybtown.org
What is the revenue of Cdfi Friendly Bloomington Inc?
Cdfi Friendly Bloomington Inc's revenue in 2022 was $186,607.
Official website here: www.cdfifriendlybtown.org
Who are the executives of Cdfi Friendly Bloomington Inc and what are their salaries?
The average compensation at Cdfi Friendly Bloomington Inc during 2022 was $44,496. There are 2 employees and 7 volunteers at Cdfi Friendly Bloomington Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $68,176
- Related: $0
- Other: $0
Official website here: www.cdfifriendlybtown.org
Where can I find the form 990 for Cdfi Friendly Bloomington Inc?
Cdfi Friendly Bloomington Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdfifriendlybtown.org
Learn more at the official website: www.cdfifriendlybtown.org
Mission Statement of Cdfi Friendly Bloomington Inc
Cdfi Friendly Bloomington Inc, a nonprofit organization, is dedicated to enhancing the economic well-being of its community and surrounding areas. Its primary mission is to strengthen the local communities in South Central Indiana by assisting Community Development Financial Institutions (CDFIs) and other organizations in providing affordable, flexible, and accessible financing. This financing is essential for various community projects, including housing, job development, charitable services, educational initiatives, and other community-oriented endeavors. By doing so, Cdfi Friendly Bloomington Inc aims to improve the economic conditions of its lower-income residents, thereby contributing to the overall growth and development of the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Cdfi Friendly Bloomington Inc significantly enhances the economic landscape of Bloomington, Indiana, and its surrounding areas by facilitating access to affordable capital for local community development projects. By connecting small businesses and community initiatives with Community Development Financial Institutions (CDFIs) and other financial resources, the organization plays a pivotal role in promoting sustainable growth and improving the welfare of lower-income residents.
In 2019, Cdfi Friendly Bloomington Inc demonstrated its effectiveness by successfully securing over $9 million in CDFI financing for various local projects. This substantial funding has directly supported the ongoing construction of 50 affordable housing units, contributing to both housing availability and job creation within the community. Additionally, the organization fosters vital relationships between local entities and regional or national investors, enhancing the financial network that supports community development efforts.
Through the provision of technical assistance and direct support for borrowers, the organization effectively strengthens the capacity of local projects to secure financing and navigate the complex financial landscape. This not only empowers small businesses but also stimulates community improvement initiatives, thus contributing to a more resilient and vibrant local economy.
This information is meant to be a general summary of Cdfi Friendly Bloomington Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,607
- Gross Receipts: $186,607
Assets and Liabilities:
- Total Assets: $2,273,620
- Total Liabilities: $0
- Net Assets: $2,273,620
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(812) 320-9003Principal Officer
Jane Kupersmith
Main Address
100 S COLLEGE AVENUE, BLOOMINGTON, IN, 47404
Website
www.cdfifriendlybtown.orgNTEE Category
Code: S11 - Community improvement
If you are a representative of Cdfi Friendly Bloomington Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.