Nonprofit · EIN 46-4486780
DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA
Tax-exempt · PEORIA, IL 61601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $288,807 | $276,572 | $12,235 | $711,155 | $8,713 | $702,442 |
| December 31, 2024 | 990 | $233,430 | $402,493 | -$169,063 | $746,504 | $56,297 | $690,207 |
| December 31, 2023 | 990 | $108,510 | $347,202 | -$238,692 | $868,780 | $9,510 | $859,270 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $266,500
- Program service revenue
- $0
- Investment income
- $22,307
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $176,627
- Salaries, compensation and benefits (total)
- $193,161
- Professional fundraising fees
- $0
- Accounting fees
- $8,530
- Occupancy
- $8,133
- Program services (functional)
- $163,766
- Management and general (functional)
- $93,762
- Fundraising (functional)
- $19,044
Balance sheet and other
- Total assets, start of year
- $746,504
- Total assets, end of year
- $711,155
- Total liabilities, end of year
- $8,713
- Net assets, end of year
- $702,442
- Net assets without donor restrictions
- $702,442
- Gross receipts
- $288,807
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2014
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER A WAIBLE | PRESIDENT Trustee or director, Officer | 50 | $158,642 |
| RYAN M SPAIN | VICE PRESIDENT Trustee or director, Officer | 1.13 | $0 |
| PAM HOWE | TREASURER Trustee or director, Officer | 1.13 | $0 |
| ALEX CARMONA | DIRECTOR Trustee or director | 1.13 | $0 |
| JIM BEUSTER | DIRECTOR Trustee or director | 1.13 | $0 |
| CLIFF VIEIRA | SECRETARY Trustee or director, Officer | 1.13 | $0 |
| MICHAEL MALOOF | DIRECTOR Trustee or director | 1.13 | $0 |
| ZACH OYLER | CHAIRMAN Trustee or director, Officer | 1.13 | $0 |
| PAUL KOURI | DIRECTOR Trustee or director | 1.13 | $0 |
| BRANDEN MARTIN | DIRECTOR Trustee or director | 1.13 | $0 |
| WADE ROSS | DIRECTOR Trustee or director | 1.13 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL J FREILINGER | FORMER PRESIDENT Former | 50 | $201,436 |
| CHRISTOPHER A WAIBLE | PRESIDENT Trustee or director, Officer | 50 | $24,993 |
| RYAN M SPAIN | VICE PRESIDENT Trustee or director, Officer | 1.13 | $0 |
| PAM HOWE | TREASURER Trustee or director, Officer | 1.13 | $0 |
| ROBERT G ANDERSON | DIRECTOR Trustee or director | 1.13 | $0 |
| MARK A YEMM | DIRECTOR Trustee or director | 1.13 | $0 |
| CLIFF VIEIRA | SECRETARY Trustee or director, Officer | 1.13 | $0 |
| MICHAEL MALOOF | VICE CHAIR Trustee or director, Officer | 1.13 | $0 |
| ZACH OYLER | CHAIRMAN Trustee or director, Officer | 1.13 | $0 |
| PAUL KOURI | DIRECTOR Trustee or director | 1.13 | $0 |
| BRANDEN MARTIN | DIRECTOR Trustee or director | 1.13 | $0 |
| WADE ROSS | DIRECTOR Trustee or director | 1.13 | $0 |
| CHARLES V GRAYEB | DIRECTOR Trustee or director | 1.13 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL J FREILINGER | PRESIDENT Trustee or director, Officer | 50 | $190,502 | $5,206 |
| RYAN M SPAIN | DIRECTOR Trustee or director | 1.13 | $0 | $0 |
| PAM HOWE | TREASURER Trustee or director, Officer | 1.13 | $0 | $0 |
| ROBERT G ANDERSON | CHAIRMAN Trustee or director, Officer | 1.13 | $0 | $0 |
| MARK A YEMM | DIRECTOR Trustee or director | 1.13 | $0 | $0 |
| CLIFF VIEIRA | SECRETARY Trustee or director, Officer | 1.13 | $0 | $0 |
| MICHAEL MALOOF | DIRECTOR Trustee or director | 1.13 | $0 | $0 |
| ZACH OYLER | VICE CHAIR Trustee or director, Officer | 1.13 | $0 | $0 |
| DENISE JACKSON | DIRECTOR Trustee or director | 1.13 | $0 | $0 |
| PAUL KOURI | DIRECTOR Trustee or director | 1.13 | $0 | $0 |
| BRANDEN MARTIN | DIRECTOR Trustee or director | 1.13 | $0 | $0 |
| DAVID NICOLL | DIRECTOR Trustee or director | 1.13 | $0 | $0 |
| JEANINE SPAIN | DIRECTOR Trustee or director | 1.13 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5186, PEORIA, IL 61601-5186
- Principal officer (990 for 2025)
- CHRISTOPHER A WAIBLE, PO BOX 5186, PEORIA, IL 61601
- Signed the 990
- CHRISTOPHER A WAIBLE, PRESIDENT
- Phone
- (309) 369-6038
- Return prepared by
- RAMSAY & ASSOCIATES PC
Mission
TO PROMOTE ECONOMIC DEVELOPMENT OF DOWNTOWN PEORIA, ILLINOIS
Program accomplishments
- PROMOTING THE COMMUNITY AND ECONOMIC REVITALIZATION OF DOWNTOWN PEORIA, ILLINOIS.Expenses $163,766
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 | 990 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
- 46-4486780
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $711,155
- Income (IRS master file)
- $288,807
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $288,807 | $276,572 | $711,155 | XML |
| 990 | December 2024 | $233,430 | $402,493 | $746,504 | XML |
| 990 | December 2023 | $108,510 | $347,202 | $868,780 | XML |
| 990 | December 2022 | $284,548 | $342,320 | $1,118,792 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 46-4486780).
Questions about DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA
- What is the EIN of DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA?
- The employer identification number (EIN) of DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA is 46-4486780.
- Is DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA 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 DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA?
- The 990 for the year ended December 31, 2025 names CHRISTOPHER A WAIBLE.
- Who are the officers and directors of DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $158,642 (CHRISTOPHER A WAIBLE, PRESIDENT).
- How much revenue does DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $288,807, expenses of $276,572 and total assets of $711,155 at year end.
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All nonprofits in PEORIA · Illinois · Community improvement and capacity building