Nonprofit · EIN 23-7023935
UPGRADE DEVELOPMENT CORPORATION
Tax-exempt · PEORIA, IL 61604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $0 | $0 | $0 | $500,168 | $3,331 | $496,837 |
| September 30, 2024 | 990 | $2,100 | $3,043 | -$943 | $500,168 | $3,331 | $496,837 |
| September 30, 2023 | 990 | $0 | $476 | -$476 | $506,798 | $9,018 | $497,780 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $500,168
- Total assets, end of year
- $500,168
- Total liabilities, end of year
- $3,331
- Net assets, end of year
- $496,837
- Net assets without donor restrictions
- $496,837
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1968
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Cantrell | Board Member Trustee or director | 0 | $0 |
| Julie Comfort | Board Member Trustee or director | 0 | $0 |
| Marvin Hightower | Board Member Trustee or director | 0 | $0 |
| William Lervaag | Board Member Trustee or director | 0 | $0 |
| Jeffrey Randolph | Board Member Trustee or director | 0 | $0 |
| Bradley Sain | Board Member Trustee or director | 0 | $0 |
| Terry Cunefare | Board President Trustee or director, Officer | 0 | $0 |
| Bea Cagle | Board Vice President Trustee or director, Officer | 0 | $0 |
| Mark Gamage | Board Treasurer Trustee or director, Officer | 0 | $0 |
| Mike Hamilton | Board Member Trustee or director | 0 | $0 |
| Ken Sunderland | Board Member Trustee or director | 0 | $0 |
990 for the year ended September 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Cantrell | Board Member Trustee or director | 0 | $0 |
| Julie Comfort | Board Member Trustee or director | 0 | $0 |
| Marvin Hightower | Board Member Trustee or director | 0 | $0 |
| William Lervaag | Board Member Trustee or director | 0 | $0 |
| Jeffrey Randolph | Board Member Trustee or director | 0 | $0 |
| Bradley Sain | Board Member Trustee or director | 0 | $0 |
| Terry Cunefare | Board President Trustee or director, Officer | 0 | $0 |
| Bea Cagle | Board Vice President Trustee or director, Officer | 0 | $0 |
| Adam Alhassan | Board Secretary Trustee or director, Officer | 0 | $0 |
| Mark Gamage | Board Treasurer Trustee or director, Officer | 0 | $0 |
990 for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Cantrell | Board Member Trustee or director | 0 | $0 |
| Julie Comfort | Board Member Trustee or director | 0 | $0 |
| Marvin Hightower | Board Member Trustee or director | 0 | $0 |
| William Lervaag | Board Member Trustee or director | 0 | $0 |
| Jeffrey Randolph | Board Member Trustee or director | 0 | $0 |
| Bradley Sain | Board Member Trustee or director | 0 | $0 |
| Terry Cunefare | Board President Trustee or director, Officer | 0 | $0 |
| Bea Cagle | Board Vice President Trustee or director, Officer | 0 | $0 |
| Adam Alhassan | Board Secretary Trustee or director, Officer | 0 | $0 |
| Mark Gamage | Board Treasurer Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1720 N GREAT OAK RD, PEORIA, IL 61604-3860
- Principal officer (990 for 2024)
- Gene Gathers, 1720 Great Oak Rd, Peoria, IL 61604
- Signed the 990
- GEne Gathers, Executive Director
- Phone
- (309) 676-4717
Mission
Rental of low to moderate income housing. Rent is subsized by HUD through the Section 8 program. Tenants pay rent based upon income. As of January 2020, Upgrade Development sold the rental apartments and now does not owe any physical property.
Program accomplishments
- Rental of low to moderate income housing. Rent is subsized by HUD through the section 8 program. Tenants pay rent based upon income. As of January 2020, the rental apartments were sold and now Upgrade Development has no physical property.0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-7023935
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- September
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $500,168
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $0 | $0 | $500,168 | XML |
| 990 | September 2024 | $2,100 | $3,043 | $500,168 | XML |
| 990 | September 2023 | $0 | $476 | $506,798 | XML |
| 990 | September 2022 | $0 | $40 | $500,656 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7023935).
Questions about UPGRADE DEVELOPMENT CORPORATION
- What is the EIN of UPGRADE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of UPGRADE DEVELOPMENT CORPORATION is 23-7023935.
- Is UPGRADE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1969.
- Are donations to UPGRADE DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does UPGRADE DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of UPGRADE DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UPGRADE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of UPGRADE DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names Gene Gathers.
- Who are the officers and directors of UPGRADE DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does UPGRADE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $0, expenses of $0 and total assets of $500,168 at year end.
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