Public Charity

CDFI Friendly of South Bend Inc

CDFI Friendly of South Bend Inc is a Public Charity headquartered in South Bend, IN. Financial data from the 2025 filing: $278K revenue, $192K expenses, $1.0M total assets. 2 publicly reported grants to this organization, totaling roughly $20K, appear in IRS filings.

EIN: 850614678 South Bend, IN Small Business Development NTEE: S43 Latest filing: 2025
Total Revenue$278K
Total Expenses$192K
Total Assets$1.0M
Grant Records2
Funding Total$20K
Filing Years2021–2025

Mission

To improve the economic conditions of its lower income residents, by assisting community development financial institutions and other organizations to provide low cost, accessible, flexible, affordable financing for housing, job development, charitable and educational services

Where $100 goes at CDFI Friendly of South Bend Inc

How CDFI Friendly of South Bend Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$97 Programs the work itself
$3 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $97 for programs

$97
Creating network of financial parties to assist in the financing of target population
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Angela Logan
Chair Anne Mannix
President Breanna Allen
Treasurer Bryan Olund
Director Carlos Bolden
Director Denise Graham

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$20,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $278K $192K $1.0M
2024 $216K $191K $991K
2023 $687K $136K $914K
2022 $58K $120K $363K
2021 $566K $144K $445K

Between 2021 and 2025, reported annual revenue declined from $566K to $278K (-51%), with total assets most recently reported at $1.0M.

Interactive year-over-year charts and full filing details available with membership.

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