Civic Intelligence

Illinois Business Financial Services

EIN 37-1100487 • 501(c)3 • Peoria, IL

Profile

Promote economic and social welfare through administration of SBA loan programs.

456 Fulton St Ste 104Peoria, IL 61602

www.ibfs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.21x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.22x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

1.1%

Higher net margin than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$75,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 20.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

60th percentile

3.2%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-29%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$388,874

Up $12,118 (+3.2%) from 2023

Liabilities

Up

$79,785

Up $7,997 (+11%) from 2023

Net Assets

Up

$309,089

Up $4,121 (+1.4%) from 2023

Operations
Liabilities / Revenue87th percentileNet Margin49th percentile

Revenue

Down

$366,903

Down $146,597 (-29%) from 2023

Expenses

Down

$362,782

Down $181,692 (-33%) from 2023

Net Income

Up

$4,121

Up $35,095 (+113%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2016: $193,128Liabilities 2016: $78,415Net Assets 2016: $114,7132016Assets 2017: $147,771Liabilities 2017: $103,043Net Assets 2017: $44,7282017Assets 2019: $102,675Liabilities 2019: $33,105Net Assets 2019: $69,5702019Assets 2020: $121,690Liabilities 2020: $23,894Net Assets 2020: $97,7962020Assets 2021: $153,119Liabilities 2021: $30,572Net Assets 2021: $122,5472021Assets 2022: $382,958Liabilities 2022: $47,016Net Assets 2022: $335,9422022Assets 2023: $376,756Liabilities 2023: $71,788Net Assets 2023: $304,9682023Assets 2024: $388,874Liabilities 2024: $79,785Net Assets 2024: $309,0892024

Highlighted filing

2024

Assets$388,874
Liabilities$79,785
Net Assets$309,089
Open 2024 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $407,476Expenses 2016: $428,727Net Income 2016: -$21,2512016Revenue 2017: $494,523Expenses 2017: $564,508Net Income 2017: -$69,9852017Revenue 2019: $369,425Expenses 2019: $380,075Net Income 2019: -$10,6502019Revenue 2020: $320,267Expenses 2020: $292,041Net Income 2020: $28,2262020Revenue 2021: $260,879Expenses 2021: $236,128Net Income 2021: $24,7512021Revenue 2022: $473,829Expenses 2022: $260,434Net Income 2022: $213,3952022Revenue 2023: $513,500Expenses 2023: $544,474Net Income 2023: -$30,9742023Revenue 2024: $366,903Expenses 2024: $362,782Net Income 2024: $4,1212024

Highlighted filing

2024

Revenue$366,903
Expenses$362,782
Net Income$4,121
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$388,874
Liabilities
$79,785
Net assets
$309,089
Revenue
$366,903
Expenses
$362,782
Net income
$4,121
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.80$3.09$3.67$3.63$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$0.72$3.05$5.14$5.44$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$0.47$3.36$4.74$2.60$2.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.31$1.23$2.61$2.36$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.24$0.98$3.20$2.92$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.33$0.70$3.69$3.80$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$1.03$0.45$4.95$5.65$0.70
2016Detailed filing. Detailed filing data is available for this year.$1.93$0.78$1.15$4.07$4.29$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 1, 2025
Return Version
2023v6.0
Gross Receipts
$366,903
Mission and Program Overview

Mission

Promote economic and social welfare through administration of sba loan programs.

Promote economic and social welfare through administration of sba loan programs and establishment of space for a business incubation program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$240,419$233,022▼ $7,397
Cash and Non-Interest-Bearing Accounts$121,042$138,190▲ $17,148
Prepaid Expenses and Deferred Charges$4,857$8,690▲ $3,833
Accounts Receivable$4,349$5,195▲ $846
Intangible Assets$6,089$3,777▼ $2,312
Total Assets$376,756$388,874▲ $12,118
Liabilities
Accounts Payable and Accrued Expenses$65,699$69,033▲ $3,334
Other Liabilities$6,089$10,752▲ $4,663
Total Liabilities$71,788$79,785▲ $7,997
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$304,968$309,089▲ $4,121
Total Net Assets Fund Balance$304,968$309,089▲ $4,121
Total Liabilities and Net Assets / Fund Balance$376,756$388,874▲ $12,118

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$226,422$26,904$253,326
Other Land Buildings$6,600$13,200$19,800
Equipment-$6,466$6,466
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erik ReaderPresidentceo FormerFT$75,000$75,000

Board Members and Trustees

NameTitle
Allen KilgoreChairperson
Corry HarrisChairperson Former
Eugene D GathersPresidentceo
Laraine BrysonVice Chairperson
Kimberley RichardsonDirector
Rachael ParkerDirector
Donald JacksonDirector Former
Charles RandleAt-large Executive
James TillmanSecretary Former
Josh GraberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$366,894
Investment Income
$9
Other Revenue
$0
Change in Net Assets
$4,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$313,740
Salaries, Compensation, and Employee Benefits$49,042
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$185,797--$185,797
Other Salaries and Wages$22,429$7,476-$29,905
Information Technology$22,502--$22,502
Other Expenses$21,763$308-$21,763
Depreciation Depletion$19,018$1,705-$20,723
Fees for Services Management$17,250--$17,250
Current Officers, Directors, Trustees, and Key Employees$11,213$3,737-$14,950
Fees for Services Accounting-$13,080-$13,080
Insurance$6,292$1,737-$8,029
Fees for Services Legal$5,250--$5,250
Advertising$5,007--$5,007
Payroll Taxes$3,140$1,047-$4,187
Fees for Services Other$3,218--$3,218
Office Expenses$2,163$721-$2,884
All Other Expenses$95$1,762-$1,857
Conferences and Meetings$1,375--$1,375
Total Functional Expenses$331,209$31,573$0$362,782
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent Security Deposits$4,475
Operating Lease Liability$3,777
Loan Deposits$2,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The president and staff review the form 990, the president signs the form for filing.”

Conflict of interest policy compliance Part VI line 12C

“Per policy each year each board member and the executive officer must complete an affirmation of compliance form (compliance with conflict of interest policy) and any interested party completes a disclosure of potential conflict of interest statement. A designated reviewing official is reponsible for reviewing these forms and bringing potential conflicts to the attention of the board or the executive officer.”

CEO executive director top management comp Part VI line 15A

“Compensation of the president is determined by the board of directors through analysis of a compensation survey for certified development company (cdc) executives and analysis of ibfs size/loan volume in comparison to the national average size/loan volume for cdcs”

Governing documents etc available to public Part VI line 19

“The organization makes all required documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Illinois Business Financial Services
EIN
37-1100487
Address
456 FULTON ST STE 104, PEORIA, IL 61602

Signing Officer

Name
Eugene D Gathers
Title
Presidentceo
Phone
3094955976
Signed
2025-08-01
Discuss with paid preparer
No

Organization Details

Principal Officer
Eugene D Gathers
Formed
1981
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
20

Preparer

Firm
Koch Consultants Ltd
Address
PO BOX 1400, TREMONT, IL 61568
Preparer
Nathan D Koch
Phone
3092673796
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

“Ibfs is organized as a charitable organization as defined in internal revenue code section 501(c)(3) and is therefore exempt from payment of income taxes except on unrelated business income (if any). Management has reviewed tax positions taken and believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on ibfss financial condition, results of operation, or cash flows. Accordingly ibfs has not recorded any reserves for uncertain tax positions as of september 30, 2024.”

Raw XML AppendixShowing 400 of 457 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0309089
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0185797
IRS990/OccupancyGrp/TotalAmt0185797
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0721
IRS990/OfficeExpensesGrp/ProgramServicesAmt02163
IRS990/OfficeExpensesGrp/TotalAmt02884
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGR PROC & CLOSING COSTS
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2PARKING
IRS990/OtherExpensesGrp/Desc3REPAIRS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0308
IRS990/OtherExpensesGrp/ProgramServicesAmt02400
IRS990/OtherExpensesGrp/ProgramServicesAmt11374
IRS990/OtherExpensesGrp/ProgramServicesAmt2923
IRS990/OtherExpensesGrp/ProgramServicesAmt321763
IRS990/OtherExpensesGrp/TotalAmt02400
IRS990/OtherExpensesGrp/TotalAmt11374
IRS990/OtherExpensesGrp/TotalAmt21231
IRS990/OtherExpensesGrp/TotalAmt321763
IRS990/OtherLiabilitiesGrp/BOYAmt06089
IRS990/OtherLiabilitiesGrp/EOYAmt010752
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07476
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt022429
IRS990/OtherSalariesAndWagesGrp/TotalAmt029905
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01047
IRS990/PayrollTaxesGrp/ProgramServicesAmt03140
IRS990/PayrollTaxesGrp/TotalAmt04187
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04857
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08690
IRS990/PrincipalOfficerNm0EUGENE D GATHERS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2531120
IRS990/ProgramServiceRevenueGrp/Desc0LOAN PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc2BUS INCUBATION RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04253
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1251113
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2111528
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1251113
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2111528
IRS990/ProgSrvcAccomActy2Grp/Desc0THE PROCESSING AND SERVICING OF SMALL BUSINESS LOANS UNDER VARIOUS SMALL BUSINESS ADMINISTRATION PROGRAMS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt083115
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0255366
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010
IRS990/PYOtherExpensesAmt0406781
IRS990/PYOtherRevenueAmt0106955
IRS990/PYProgramServiceRevenueAmt0406535
IRS990/PYRevenuesLessExpensesAmt0-30974
IRS990/PYSalariesCompEmpBnftPaidAmt0137693
IRS990/PYTotalExpensesAmt0544474
IRS990/PYTotalRevenueAmt0513500
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt04121
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0111528
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt079
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0366894
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0406535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0233819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0255273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0312037
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01574558
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0118
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0106955
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05596
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08151
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0120702
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.85140
IRS990ScheduleA/PublicSupportPY509Pct00.92880
IRS990ScheduleA/PublicSupportTotal509Amt01443496
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0131063
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0131063
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0131063
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0131063
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0366894
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0406535
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0233820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0255273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0312037
IRS990ScheduleA/Total509Grp/TotalAmt01574559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0366903
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0513500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0233830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0260879
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0320267
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01695379
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0226422
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026904
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0253326
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06466
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06466
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06600
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03777
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LOAN DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IBFS IS ORGANIZED AS A CHARITABLE ORGANIZATION AS DEFINED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS THEREFORE EXEMPT FROM PAYMENT OF INCOME TAXES EXCEPT ON UNRELATED BUSINESS INCOME (IF ANY). MANAGEMENT HAS REVIEWED TAX POSITIONS TAKEN AND BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON IBFSS FINANCIAL CONDITION, RESULTS OF OPERATION, OR CASH FLOWS. ACCORDINGLY IBFS HAS NOT RECORDED ANY RESERVES FOR UNCERTAIN TAX POSITIONS AS OF SEPTEMBER 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0233022
IRS990ScheduleD/TotalLiabilityAmt010752
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND STAFF REVIEW THE FORM 990, THE PRESIDENT SIGNS THE FORM FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PER POLICY EACH YEAR EACH BOARD MEMBER AND THE EXECUTIVE OFFICER MUST COMPLETE AN AFFIRMATION OF COMPLIANCE FORM (COMPLIANCE WITH CONFLICT OF INTEREST POLICY) AND ANY INTERESTED PARTY COMPLETES A DISCLOSURE OF POTENTIAL CONFLICT OF INTEREST STATEMENT. A DESIGNATED REVIEWING OFFICIAL IS REPONSIBLE FOR REVIEWING THESE FORMS AND BRINGING POTENTIAL CONFLICTS TO THE ATTENTION OF THE BOARD OR THE EXECUTIVE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE BOARD OF DIRECTORS THROUGH ANALYSIS OF A COMPENSATION SURVEY FOR CERTIFIED DEVELOPMENT COMPANY (CDC) EXECUTIVES AND ANALYSIS OF IBFS SIZE/LOAN VOLUME IN COMPARISON TO THE NATIONAL AVERAGE SIZE/LOAN VOLUME FOR CDCS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ALL REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0376756
IRS990/TotalAssetsEOYAmt0388874
IRS990/TotalAssetsGrp/BOYAmt0376756
IRS990/TotalAssetsGrp/EOYAmt0388874
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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