Civic Intelligence

Bloomington Normal Economic

EIN 37-1169886 • 501(c)6 • Normal, IL

Profile

The economic development council helps businesses in mclean county grow and attracts new business to the community. The edc is a leadership organization, investing in the community's assets to grow and improve the prosperity and quality of life.

200 W College Avenue Suite 402Normal, IL 61761

www.bnbiz.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.22x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.18x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-20%

Higher net margin than 7% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

42nd percentile

4.1%

Faster revenue growth than 42% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$889,820

Down $167,827 (-16%) from 2023

Liabilities

Up

$194,694

Up $43,953 (+29%) from 2023

Net Assets

Down

$695,126

Down $211,780 (-23%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin7th percentile

Revenue

Up

$1,063,313

Up $321,009 (+43%) from 2023

Expenses

Up

$1,275,093

Up $218,313 (+21%) from 2023

Net Income

Up

-$211,780

Up $102,696 (+33%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,503,977Liabilities 2011: $21,408Net Assets 2011: $1,482,5692011Assets 2012: $1,827,802Liabilities 2012: $18,434Net Assets 2012: $1,809,3682012Assets 2013: $1,669,671Liabilities 2013: $28,104Net Assets 2013: $1,641,5672013Assets 2014: $1,252,197Liabilities 2014: $54,955Net Assets 2014: $1,197,2422014Assets 2015: $985,944Liabilities 2015: $87,021Net Assets 2015: $898,9232015Assets 2016: $618,104Liabilities 2016: $46,044Net Assets 2016: $572,0602016Assets 2017: $516,471Liabilities 2017: $60,733Net Assets 2017: $455,7382017Assets 2018: $669,930Liabilities 2018: $28,403Net Assets 2018: $641,5272018Assets 2019: $748,269Liabilities 2019: $36,509Net Assets 2019: $711,7602019Assets 2020: $1,197,082Liabilities 2020: $49,334Net Assets 2020: $1,147,7482020Assets 2021: $1,349,335Liabilities 2021: $49,326Net Assets 2021: $1,300,0092021Assets 2022: $1,341,348Liabilities 2022: $131,466Net Assets 2022: $1,209,8822022Assets 2023: $1,057,647Liabilities 2023: $150,741Net Assets 2023: $906,9062023Assets 2024: $889,820Liabilities 2024: $194,694Net Assets 2024: $695,1262024

Highlighted filing

2024

Assets$889,820
Liabilities$194,694
Net Assets$695,126
Open 2024 Filing

Operations Trend

Revenue Growth42nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $924,3162011Expenses 2012: $701,5672012Revenue 2013: $522,389Expenses 2013: $690,190Net Income 2013: -$167,8012013Revenue 2014: $492,409Expenses 2014: $936,734Net Income 2014: -$444,3252014Revenue 2015: $549,601Expenses 2015: $847,920Net Income 2015: -$298,3192015Revenue 2016: $679,460Expenses 2016: $1,006,323Net Income 2016: -$326,8632016Revenue 2017: $816,043Expenses 2017: $932,365Net Income 2017: -$116,3222017Revenue 2018: $1,025,901Expenses 2018: $840,112Net Income 2018: $185,7892018Revenue 2019: $808,001Expenses 2019: $737,768Net Income 2019: $70,2332019Revenue 2020: $1,149,476Expenses 2020: $713,488Net Income 2020: $435,9882020Revenue 2021: $930,075Expenses 2021: $777,817Net Income 2021: $152,2582021Revenue 2022: $981,896Expenses 2022: $1,072,023Net Income 2022: -$90,1272022Revenue 2023: $742,304Expenses 2023: $1,056,780Net Income 2023: -$314,4762023Revenue 2024: $1,063,313Expenses 2024: $1,275,093Net Income 2024: -$211,7802024

Highlighted filing

2024

Revenue$1,063,313
Expenses$1,275,093
Net Income-$211,780
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
$889,820
Liabilities
$194,694
Net assets
$695,126
Revenue
$1,063,313
Expenses
$1,275,093
Net income
-$211,780
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.19$0.70$1.06$1.28$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.15$0.91$0.74$1.06$0.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.13$1.21$0.98$1.07$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.05$1.30$0.93$0.78$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.05$1.15$1.15$0.71$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.04$0.71$0.81$0.74$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.03$0.64$1.03$0.84$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.06$0.46$0.82$0.93$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.05$0.57$0.68$1.01$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.09$0.90$0.55$0.85$0.30
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.05$1.20$0.49$0.94$0.44
2013Detailed filing. Detailed filing data is available for this year.$1.67$0.03$1.64$0.52$0.69$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.02$1.81$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.02$1.48$0.92
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,070,121
Mission and Program Overview

Mission

The economic development council helps businesses in mclean county grow and attracts new business to the community. The edc is a leadership organization, investing in the community's assets to grow and improve the prosperity and quality of life.

To help businesses and communities in the mclean county area prosper by attracting new businesses aiding the development of existing businesses within the community. The edc is a leadership organization, investing in the community's assets to prosper and improve the quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$999,696$633,767▼ $365,929
Prepaid Expenses and Deferred Charges$8,468$77,409▲ $68,941
Accounts Receivable-$45,336-
Land, Buildings, and Equipment, Net$10,809$170▼ $10,639
Total Assets$1,057,647$889,820▼ $167,827
Other Assets Total$38,674$133,138▲ $94,464
Liabilities
Other Liabilities$38,674$133,138▲ $94,464
Accounts Payable and Accrued Expenses$74,101$36,556▼ $37,545
Deferred Revenue$37,966$25,000▼ $12,966
Total Liabilities$150,741$194,694▲ $43,953
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$906,906$695,126▼ $211,780
Total Net Assets Fund Balance$906,906$695,126▼ $211,780
Total Liabilities and Net Assets / Fund Balance$1,057,647$889,820▼ $167,827

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$52,929$52,929
Equipment$170$52,210$52,380
Other Assets Org$133,138--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick HobanCEOFT$210,283$25,464$235,747

Board Members and Trustees

NameTitle
Ryan WhitehouseChair
J PhillipsPast Chair
Catherine MetskerBoard Member
Chad FrankenbergerBoard Member
Chris KoosBoard Member
Diane CoteBoard Member
Janice BonnevilleBoard Member
John PennBoard Member
Keith CornilleBoard Member
MEGHAN O'NEAL-ROGOZINSKIBoard Member
Mboka MwilambweBoard Member
Rodney FrancisBoard Member
Ryan GammelgardBoard Member
Seth ZellerBoard Member
Kristen FirkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$741,482
Program Service Revenue
$326,806
Investment Income
$-4,975
Other Revenue
$0
All Other Contributions
$741,482
Change in Net Assets
$-211,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$661,481
Other Expenses$613,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$242,130$80,709-$322,839
Current Officers, Directors, Trustees, and Key Employees$157,712$52,571-$210,283
Fees for Services Management$178,975$22,665-$201,640
Other Employee Benefits$65,642$21,881-$87,523
Conferences and Meetings$53,991$13,498-$67,489
Occupancy$39,880$17,091-$56,971
Payroll Taxes$30,627$10,209-$40,836
Information Technology$17,877$7,662-$25,539
Fees for Services Accounting-$22,079-$22,079
Advertising$17,345$913-$18,258
Insurance$3,835$677-$4,512
Depreciation Depletion$3,065$766-$3,831
Office Expenses$2,605$651-$3,256
Other Expenses$977$418-$1,395
All Other Expenses$798$199-$997
Total Functional Expenses$1,021,896$253,197$0$1,275,093
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$133,138
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“990 is provided to the board of directors for approval prior to filing”

Form 990, Part VI, Section B, Line 12C

“Management regularly and consistently monitors and eforces compliance with its coi policy”

Form 990, Part VI, Section B, Line 15A

“Ceo salary is determined annually by the board of directors' executive committee based on comparable data.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request”

Filing and Contact Details

Filer

Filer Name
Economic Development Council of the
EIN
37-1169886
Phone
3094528437
Address
200 W COLLEGE AVENUE SUITE 402, NORMAL, IL 61761

Signing Officer

Name
Patrick Hoban
Title
CEO
Phone
3094528437
Signed
2025-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Whitehouse
Formed
1984
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
8
Volunteers
0

Preparer

Firm
Striegel Knobloch & Company LLC
Address
115 W JEFFERSON ST SUITE 200, BLOOMINGTON, IL 61701
Preparer
Stephen H Arendt Partner
Phone
3098294303
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the council and the corporation and recognize a tax liability in the consolidated financial statements of the organization if an uncertain tax position that more than likely would not be sustained upon examination by applicable taxing authorities has been taken by either. Management has analyzed the tax positions taken by both the council and the corporation and has concluded that as of december 31, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements of the organization. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Tax years prior to 2021 are closed.”

Raw XML AppendixShowing 400 of 491 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt074101
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt036556
IRS990/AccountsReceivableGrp/EOYAmt045336
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO HELP BUSINESSES AND COMMUNITIES IN THE MCLEAN COUNTY AREA PROSPER BY ATTRACTING NEW BUSINESSES AIDING THE DEVELOPMENT OF EXISTING BUSINESSES WITHIN THE COMMUNITY. THE EDC IS A LEADERSHIP ORGANIZATION, INVESTING IN THE COMMUNITY'S ASSETS TO PROSPER AND IMPROVE THE QUALITY OF LIFE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0913
IRS990/AdvertisingGrp/ProgramServicesAmt017345
IRS990/AdvertisingGrp/TotalAmt018258
IRS990/AllOtherContributionsAmt0741482
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0199
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0798
IRS990/AllOtherExpensesGrp/TotalAmt0997
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PATRICK HOBAN
IRS990/BooksInCareOfDetail/PhoneNum03094528437
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 WEST COLLEGE AVE SUITE 402
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORMAL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd061761
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0999696
IRS990/CashNonInterestBearingGrp/EOYAmt0633767
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt052571
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0157712
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0210283
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt013498
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt053991
IRS990/ConferencesMeetingsGrp/TotalAmt067489
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0741482
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-4975
IRS990/CYOtherExpensesAmt0613612
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0326806
IRS990/CYRevenuesLessExpensesAmt0-211780
IRS990/CYSalariesCompEmpBnftPaidAmt0661481
IRS990/CYTotalExpensesAmt01275093
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01063313
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt037966
IRS990/DeferredRevenueGrp/EOYAmt025000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0766
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03065
IRS990/DepreciationDepletionGrp/TotalAmt03831
IRS990/Desc0ECONOMIC DEVELOPMENT
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt01021896
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022079
IRS990/FeesForServicesAccountingGrp/TotalAmt022079
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt022665
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0178975
IRS990/FeesForServicesManagementGrp/TotalAmt0201640
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1525464
IRS990/Form990PartVIISectionAGrp/PersonNm0CHAD FRANKENBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm1RYAN GAMMELGARD
IRS990/Form990PartVIISectionAGrp/PersonNm2MEGHAN O'NEAL-ROGOZINSKI
IRS990/Form990PartVIISectionAGrp/PersonNm3RYAN WHITEHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm4DIANE COTE
IRS990/Form990PartVIISectionAGrp/PersonNm5KEITH CORNILLE
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRIS KOOS
IRS990/Form990PartVIISectionAGrp/PersonNm7MBOKA MWILAMBWE
IRS990/Form990PartVIISectionAGrp/PersonNm8JANICE BONNEVILLE
IRS990/Form990PartVIISectionAGrp/PersonNm9J PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm10RODNEY FRANCIS
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN PENN
IRS990/Form990PartVIISectionAGrp/PersonNm12KRISTEN FIRKINS
IRS990/Form990PartVIISectionAGrp/PersonNm13SETH ZELLER
IRS990/Form990PartVIISectionAGrp/PersonNm14CATHERINE METSKER
IRS990/Form990PartVIISectionAGrp/PersonNm15PATRICK HOBAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15210283
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/GoverningBodyVotingMembersCnt015
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07662
IRS990/InformationTechnologyGrp/ProgramServicesAmt017877
IRS990/InformationTechnologyGrp/TotalAmt025539
IRS990/InsuranceGrp/ManagementAndGeneralAmt0677
IRS990/InsuranceGrp/ProgramServicesAmt03835
IRS990/InsuranceGrp/TotalAmt04512
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO HELP BUSINESSES AND COMMUNITIES IN TEH MCLEAN COUNTY AREA PROSPER BY ATTRACTING NEW BUSINESSES AIDING THE DEVELOPMENT OF EXISTING BUSINESSES WITHIN THE COMMUNITY. THE EDC IS A LEADERSHIP ORGANIZATION, INVESTING IN THE COMMUNITY'S ASSETS TO PROSPER AND IMPROVE THE QUALITY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0695126
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-6808
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6808
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoncashContributionsAmt08625
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017091
IRS990/OccupancyGrp/ProgramServicesAmt039880
IRS990/OccupancyGrp/TotalAmt056971
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0651
IRS990/OfficeExpensesGrp/ProgramServicesAmt02605
IRS990/OfficeExpensesGrp/TotalAmt03256
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IRS990/OtherAssetsTotalGrp/EOYAmt0133138
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021881
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt087523
IRS990/OtherExpensesGrp/Desc0ATTRACTION/ RETENTION
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3MAINTENANCE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1664
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2418
IRS990/OtherExpensesGrp/ProgramServicesAmt0201808
IRS990/OtherExpensesGrp/ProgramServicesAmt13081
IRS990/OtherExpensesGrp/ProgramServicesAmt21548
IRS990/OtherExpensesGrp/ProgramServicesAmt3977
IRS990/OtherExpensesGrp/TotalAmt0201808
IRS990/OtherExpensesGrp/TotalAmt13625
IRS990/OtherExpensesGrp/TotalAmt22212
IRS990/OtherExpensesGrp/TotalAmt31395
IRS990/OtherLiabilitiesGrp/BOYAmt038674
IRS990/OtherLiabilitiesGrp/EOYAmt0133138
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080709
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0242130
IRS990/OtherSalariesAndWagesGrp/TotalAmt0322839
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010209
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08468
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt077409
IRS990/PrincipalOfficerNm0RYAN WHITEHOUSE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/Desc0ENTERPRIZE ZONE
IRS990/ProgramServiceRevenueGrp/Desc1ECONOMIC DEVELOPMENT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161488
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0265318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161488
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0447518
IRS990/PYOtherRevenueAmt09151
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IRS990/PYSalariesCompEmpBnftPaidAmt0609262
IRS990/PYTotalExpensesAmt01056780
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0170
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052210
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052380
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0133138
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052929
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0133138
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COUNCIL AND THE CORPORATION AND RECOGNIZE A TAX LIABILITY IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION IF AN UNCERTAIN TAX POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY APPLICABLE TAXING AUTHORITIES HAS BEEN TAKEN BY EITHER. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY BOTH THE COUNCIL AND THE CORPORATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TAX YEARS PRIOR TO 2021 ARE CLOSED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0133138
IRS990ScheduleD/TotalLiabilityAmt0133138
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK HOBAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0235747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REGULARLY AND CONSISTENTLY MONITORS AND EFORCES COMPLIANCE WITH ITS COI POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO SALARY IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS' EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMUNITY DEVELOPMENT CORPORATION OF THE BLOOMINGTON-NORMAL AREA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0261436471
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0200 W COLLEGE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NORMAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd061761
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00

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