EIN 26-1436471

Community Development Corporation of the Bloomington-Normal Area

Name: Community Development Corporation of the Bloomington-Normal Area financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Normal

State

Illinois

Year formed

2007

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Community Development Corporation of the Bloomington-Normal Area aids the Economic Development Council of the Bloomington-Normal Area in providing additional funding to promote economic development and prosperity in the region through local grants and loans. It also promotes STEM education in the community. The organization sponsors programs that promote economic development in the community and is located in Normal, IL.

Also known as...

Community Development Corporation of Bloomington-Normal Area

Total revenues

$60,008

2022

Total expenses

$60,010

2022

Total assets

$45,691

2022

Num. employees

2016

Program areas at Community Development Corporation of the Bloomington-Normal Area

the organization sponsors programs that promote economic Development in the Community.

Who funds Community Development Corporation of the Bloomington-Normal Area

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Commerce Bancshares Foundation	2022-12	Used at the Discretion of the Board of Directors Or Trustees As They See Fit for Operating Their Organization.	$4,500

Personnel at Community Development Corporation of the Bloomington-Normal Area

Name	Title	Compensation	Date of data
Patrick Hoban	Chief Executive Officer	$0	2022-11-15
Mike O'Grady	Past Interim Chief Executive Officer	$0	2019-12-31

Financials for Community Development Corporation of the Bloomington-Normal Area

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$60,000	$4,800	1150%
Program services	$0	$0	-
Membership dues	$0	$0	-
Investment income and dividends	$8	$8	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from gaming activities and fundraising events, combined	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$22,000	-100%
Total revenues	$60,008	$26,808	123.8%

Form 990s for Community Development Corporation of the Bloomington-Normal Area

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-14	990EZ	View PDF
2021-12	2022-11-15	990EZ	View PDF
2020-12	2021-09-03	990EZ	View PDF
2019-12	2021-05-07	990EZ	View PDF
2018-12	2019-07-23	990EZ	View PDF
...and 6 more Form 990s

Organizations like Community Development Corporation of the Bloomington-Normal Area

Organization	Type	Location	Revenue
Denver Regional Capital Corporation	501(c)(3)	Denver, CO	$197,205
Mainstreet of Fremont	501(c)(3)	Fremont, NE	$59,396
State Center Development Association	501(c)(3)	State Center, IA	$123,824
Loveland Strategic Partnership	501(c)(3)	Loveland, CO	$79,816
Wolfforth Community Development Corporation	501(c)(3)	Wolfforth, TX	$55,134
Pillar Community Development Corporation	501(c)(3)	Bloomfield, CT	$83,100
Main Street Steamboat Springs	501(c)(3)	Steamboat Springs, CO	$242,310
Outreach Exceptional Learning	501(c)(3)	Harvey, IL	$119,090
Luther Forest Technology Campus Economic Development Corporation	501(c)(3)	Saratoga Springs, NY	$174,322
Ybor City Development Corporation	501(c)(3)	Tampa, FL	$161,330

Data update history

January 11, 2024

Posted financials

Added Form 990EZ for fiscal year 2022

November 25, 2023

Posted financials

Added Form 990EZ for fiscal year 2021

July 7, 2023

Updated personnel

Identified 2 new personnel

May 23, 2023

Used new vendors

Identified 1 new vendor, including

May 21, 2023

Received grants

Identified 1 new grant, including a grant for $6,000 from Commerce Bancshares Foundation

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

EducationCommunity improvementEconomic development

Characteristics

State / local levelTax deductible donationsNo full-time employees

General information

Address: 200 W College Ave Suite 402; Normal, IL 61761
Metro area: Bloomington, IL
County: McLean County, IL
Phone: (309) 452-8437

IRS details

EIN: 26-1436471
Fiscal year end: December
Taxreturn type: Form 990-EZ
Year formed: 2007
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Community Development Corporation of the Bloomington-Normal Area

Program areas at Community Development Corporation of the Bloomington-Normal Area

Who funds Community Development Corporation of the Bloomington-Normal Area

Personnel at Community Development Corporation of the Bloomington-Normal Area

Financials for Community Development Corporation of the Bloomington-Normal Area

Form 990s for Community Development Corporation of the Bloomington-Normal Area

Organizations like Community Development Corporation of the Bloomington-Normal Area

Nonprofits

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