Nonprofit · EIN 36-3267851
ROCK ISLAND ECONOMIC GROWTH CORPORATION
Tax-exempt · MILAN, IL 61264
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,970,238 | $8,599,521 | $11,370,717 | $48,614,036 | $28,390,553 | $20,223,483 |
| December 31, 2023 | 990 | $4,521,470 | $5,707,859 | -$1,186,389 | $42,717,661 | $34,434,668 | $8,282,993 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,369,461
- of which government grants
- $9,867,893
- Program service revenue
- $4,771,278
- Investment income
- $529,324
- Net gain from sales of assets
- -$148,204
- Other revenue
- $3,300,175
Expenses
- Grants and similar amounts paid
- $3,059,336
- Compensation of officers, directors and key employees
- $705,658
- Other salaries and wages
- $390,073
- Salaries, compensation and benefits (total)
- $1,367,319
- Professional fundraising fees
- $0
- Legal fees
- $26,394
- Accounting fees
- $94,723
- Occupancy
- $1,556,725
- Travel
- $22,532
- Depreciation
- $888,553
- Program services (functional)
- $8,141,969
- Management and general (functional)
- $457,552
Balance sheet and other
- Total assets, start of year
- $42,717,661
- Total assets, end of year
- $48,614,036
- Total liabilities, end of year
- $28,390,553
- Net assets, end of year
- $20,223,483
- Land, buildings and equipment
- $11,747,048
- Net assets without donor restrictions
- $20,222,483
- Net assets with donor restrictions
- $1,000
- Gross receipts
- $20,303,342
- Employees
- 31
- Volunteers
- 15
- Year formed
- 1982
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN HOLLENBACK | PRESIDENT AND CEO Officer | 40 | $112,798 | $333,083 | $35,572 |
| CYNTHIA BERG | CHIEF FINANCIAL OFFICER Officer | 40 | $154,629 | $50,416 | $19,161 |
| ANDREW FISHER | CONSTRUCTION DIRECTOR Highest-paid employee | 40 | $113,392 | $0 | $12,596 |
| ELIZABETH PAYNE | VICE PRESIDENT Highest-paid employee | 40 | $103,330 | $15,494 | $3,897 |
| CAREY JORGENSEN | DIRECTOR OF PROPERTY MANAGEMENT Highest-paid employee | 40 | $101,579 | $0 | $15,387 |
| AMETRA CARROL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAMITA DAVIS-WREN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RYAN HATTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DENISE ISAAC | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AMY JONES | FORMER BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALVARO MACIAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOREDIA NUNN-DIXON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVE OLLENBURG | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDSEY RAMOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STELLA SCHNEEKLOTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANE SCHNEIDER | TREASURER/PAST CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| PHYLLIS SCHWINDT | SECRETARY Trustee or director, Officer | 1 | $0 |
| SHELLEY SHEEHY | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHY SPRINGER | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| DARRYL THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
| SHELLY TUCCIARELLI | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN HOLLENBACK | PRESIDENT AND CEO Officer | 40 | $107,222 | $214,971 | $28,939 |
| CYNTHIA BERG | CHIEF FINANCIAL OFFICER Officer | 40 | $151,370 | $44,471 | $19,065 |
| ELIZABETH PAYNE | VICE PRESIDENT Highest-paid employee | 40 | $101,195 | $20,107 | $3,635 |
| ANDREW FISHER | CONSTRUCTION DIRECTOR Highest-paid employee | 40 | $100,745 | $0 | $13,428 |
| AMETRA CARROL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAMITA DAVIS-WREN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARYL EMPEN | FORMER TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA GOLDEN | FORMER BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RYAN HATTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DENISE ISAAC | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AMY JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALVARO MACIAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAN MASAMOTO | FORMER BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOREDIA NUNN-DIXON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVE OLLENBURG | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDSEY RAMOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LORI RODERICK | FORMER BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STELLA SCHNEEKLOTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JANE SCHNEIDER | TREASURER/PAST CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PHYLLIS SCHWINDT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHELLEY SHEEHY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHY SPRINGER | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DARRYL THOMPSON | FORMER BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SHELLY TUCCIARELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 371 3RD ST W, MILAN, IL 61264-2453
- Principal officer (990 for 2024)
- BRIAN HOLLENBACK, 100 - 19TH STREET STE 109, ROCK ISLAND, IL 61201
- Signed the 990
- BRIAN HOLLENBACK, PRESIDENT & CEO
- Phone
- (309) 794-6711
- Return prepared by
- RSM US LLP
Mission
THE MISSION OF ROCK ISLAND ECONOMIC GROWTH CORPORATION IS TO RENOVATE AND BUILD NEW SINGLE FAMILY OR MULTI-FAMILY HOUSING IN THE MIDWEST REGION; TO FOSTER LOW-INCOME HOUSING THAT: ENHANCES THE OVERALL IMAGE AND ECONOMIC VITALITY OF THE REGION; IMPROVES HOUSING MARKET DYNAMICS IN THE REGION, ESPECIALLY IN ITS OLDER, BLIGHTED NEIGHBORHOODS; ENCOURAGES HOME OWNERSHIP; IS COMMITTED TO DEVELOPING AFFORDABLE HOUSING; PROMOTES BUILDING CONSTRUCTION AND MAINTENANCE, TRAINING OF HOMEBUYERS AND NEIGHBORHOOD RESIDENTS.
Program accomplishments
- ROCK ISLAND ECONOMIC GROWTH CORPORATION STABILIZES AND REHABILITATES RESIDENTIAL NEIGHBORHOODS IN THE MIDWEST REGION BY DEVELOPING HOUSING, MANAGING HOUSING AND PROVIDING ASSISTANCE TO HOMEBUYERS INCLUDING, BUT NOT LIMITED TO, HOMEBUYER AND HOMEOWNER EDUCATION, CLOSING COST AND DOWN PAYMENT ASSISTANCE, REHABILITATION COST ASSISTANCE AND FORECLOSURE PREVENTION.Expenses $8,141,969 · grants $3,059,336 · revenue $2,889,957
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3267851
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $48,614,036
- Income (IRS master file)
- $20,303,342
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,970,238 | $8,599,521 | $48,614,036 | XML |
| 990 | December 2023 | $4,521,470 | $5,707,859 | $42,717,661 | XML |
| 990 | December 2022 | $2,442,309 | $5,200,710 | $42,645,585 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 36-3267851).
Questions about ROCK ISLAND ECONOMIC GROWTH CORPORATION
- What is the EIN of ROCK ISLAND ECONOMIC GROWTH CORPORATION?
- The employer identification number (EIN) of ROCK ISLAND ECONOMIC GROWTH CORPORATION is 36-3267851.
- Is ROCK ISLAND ECONOMIC GROWTH CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to ROCK ISLAND ECONOMIC GROWTH CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROCK ISLAND ECONOMIC GROWTH CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ROCK ISLAND ECONOMIC GROWTH CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROCK ISLAND ECONOMIC GROWTH CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ROCK ISLAND ECONOMIC GROWTH CORPORATION?
- The 990 for the year ended December 31, 2024 names BRIAN HOLLENBACK.
- Who are the officers and directors of ROCK ISLAND ECONOMIC GROWTH CORPORATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 5 received compensation from the organization, the highest $112,798 (BRIAN HOLLENBACK, PRESIDENT AND CEO).
- How much revenue does ROCK ISLAND ECONOMIC GROWTH CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,970,238, expenses of $8,599,521 and total assets of $48,614,036 at year end.
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