Civic Intelligence

Bloomington Normal Economic Development Council

990 • Fiscal year 2023 • EIN 37-1169886

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 03, 2024

Organization ProfileWWW.BNBIZ.ORG
200 W College Avenue Suite 402Normal, IL 61761

(309) 452-8437

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.14x

Higher debt load relative to assets than 48% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.20x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

3rd percentile

-42%

Higher net margin than 3% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$237,018

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 31.9% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

6th percentile

-21%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-24%

Faster revenue growth than 5% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$1,057,647

Down $283,701 (-21%) from 2022

Net Assets

Down

$906,906

Down $302,976 (-25%) from 2022

Liabilities

Up

$150,741

Up $19,275 (+15%) from 2022

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin3rd percentile

Revenue

Down

$742,304

Down $239,592 (-24%) from 2022

Expenses

Down

$1,056,780

Down $15,243 (-1.4%) from 2022

Net Income

Down

-$314,476

Down $224,349 (-249%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2023

Assets$1,057,647
Liabilities$150,741
Net Assets$906,906
Open 2023 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$742,304
Expenses$1,056,780
Net Income-$314,476
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 3, 2024
Return Version
2023v5.1
Gross Receipts
$742,304
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$1,205,216$999,696▼ $205,520
Accounts Receivable$18,585--
Land, Buildings, and Equipment, Net$6,206$10,809▲ $4,603
Prepaid Expenses and Deferred Charges$27,125$8,468▼ $18,657
Total Assets$1,341,348$1,057,647▼ $283,701
Other Assets Total$84,216$38,674▼ $45,542
Liabilities
Accounts Payable and Accrued Expenses$45,877$74,101▲ $28,224
Other Liabilities$85,589$38,674▼ $46,915
Deferred Revenue-$37,966-
Total Liabilities$131,466$150,741▲ $19,275
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,209,882$906,906▼ $302,976
Total Net Assets Fund Balance$1,209,882$906,906▼ $302,976
Total Liabilities and Net Assets / Fund Balance$1,341,348$1,057,647▼ $283,701

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,809$51,071$61,880
Other Land Buildings$0$52,929$52,929
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick HobanCEOFT$211,554$25,464$237,018

Board Members and Trustees

NameTitle
J PhillipsChair
Zach DietemeierVice Chair
Chris KoosBoard Member
Dan StephensBoard Member
John McintyreBoard Member
John PennBoard Member
Keith CornilleBoard Member
Kristen FirkinsBoard Member
Mboka MwilambweBoard Member
Neil FinlenBoard Member
Puneet LeekhaBoard Member
Ryan GammelgardBoard Member
Ryan WhitehouseBoard Member
Seth ZellerBoard Member
Andy ShirkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$563,850
Program Service Revenue
$167,942
Investment Income
$1,361
Other Revenue
$9,151
All Other Contributions
$563,850
Change in Net Assets
$-314,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$609,262
Other Expenses$447,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$221,330$68,134-$289,464
Current Officers, Directors, Trustees, and Key Employees$154,434$57,120-$211,554
Other Employee Benefits$50,444$16,815-$67,259
Occupancy$38,750$16,607-$55,357
Payroll Taxes$30,739$10,246-$40,985
Fees for Services Management$40,070--$40,070
Conferences and Meetings$24,742$6,186-$30,928
Information Technology$14,538$6,231-$20,769
Advertising$18,957$758-$19,715
Fees for Services Accounting-$10,017-$10,017
Insurance$5,120$904-$6,024
Depreciation Depletion$3,918$980-$4,898
Office Expenses$2,772$693-$3,465
Other Expenses$798$342-$1,140
All Other Expenses$874$219-$1,093
Total Functional Expenses$858,627$198,153$0$1,056,780
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$38,674
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
2024-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Hoban
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, 2023, 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 2020 are closed.”

Raw XML AppendixShowing 400 of 489 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/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0104000
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06206
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010809
IRS990/LandBldgEquipCostOrOtherBssAmt0114809
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
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
IRS990/NetAssetsOrFundBalancesBOYAmt01209882
IRS990/NetAssetsOrFundBalancesEOYAmt0906906
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01209882
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0906906
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt016607
IRS990/OccupancyGrp/ProgramServicesAmt038750
IRS990/OccupancyGrp/TotalAmt055357
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0693
IRS990/OfficeExpensesGrp/ProgramServicesAmt02772
IRS990/OfficeExpensesGrp/TotalAmt03465
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt084216
IRS990/OtherAssetsTotalGrp/EOYAmt038674
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016815
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt050444
IRS990/OtherEmployeeBenefitsGrp/TotalAmt067259
IRS990/OtherExpensesGrp/Desc0ATTRACTION/ RETENTION
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02327
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1574
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2342
IRS990/OtherExpensesGrp/ProgramServicesAmt0242454
IRS990/OtherExpensesGrp/ProgramServicesAmt15431
IRS990/OtherExpensesGrp/ProgramServicesAmt23256
IRS990/OtherExpensesGrp/ProgramServicesAmt3798
IRS990/OtherExpensesGrp/TotalAmt0242454
IRS990/OtherExpensesGrp/TotalAmt17758
IRS990/OtherExpensesGrp/TotalAmt23830
IRS990/OtherExpensesGrp/TotalAmt31140
IRS990/OtherLiabilitiesGrp/BOYAmt085589
IRS990/OtherLiabilitiesGrp/EOYAmt038674
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09151
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09151
IRS990/OtherRevenueTotalAmt09151
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068134
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0221330
IRS990/OtherSalariesAndWagesGrp/TotalAmt0289464
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010246
IRS990/PayrollTaxesGrp/ProgramServicesAmt030739
IRS990/PayrollTaxesGrp/TotalAmt040985
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027125
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08468
IRS990/PrincipalOfficerNm0PATRICK HOBAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0ENTERPRIZE ZONE
IRS990/ProgramServiceRevenueGrp/Desc1ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0116034
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0116034
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151908
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0644787
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0386
IRS990/PYOtherExpensesAmt0518600
IRS990/PYOtherRevenueAmt0300016
IRS990/PYProgramServiceRevenueAmt036707
IRS990/PYRevenuesLessExpensesAmt0-90127
IRS990/PYSalariesCompEmpBnftPaidAmt0553423
IRS990/PYTotalExpensesAmt01072023
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0981896
IRS990/ReconcilationRevenueExpnssAmt0-314476
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt010809
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051071
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061880
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052929
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038674
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, 2023, 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 2020 ARE CLOSED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010809
IRS990ScheduleD/TotalLiabilityAmt038674
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0211554
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06167
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt019297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK HOBAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0237018
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
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,057,647
Liabilities
$150,741
Net assets
$906,906
Revenue
$742,304
Expenses
$1,056,780
Net income
-$314,476
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
2023Detailed filing. Detailed filing data is available for this year.$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