EIN 36-3267851

Rock Island Economic Growth Corporation

Name: Rock Island Economic Growth Corporation 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

Rock Island

State

Illinois

Year formed

1982

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

GROWTH is a nationally recognized leader in mixed-use and mixed-income projects with a proven track record of developing housing that is affordable while building a dynamic housing market.

Also known as...

Economic Growth Corporation

Total revenues

$2,442,309

2022

Total expenses

$5,200,710

2022

Total assets

$42,645,585

2022

Num. employees

2022

Program areas at Rock Island Economic Growth Corporation

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.

Grants made by Rock Island Economic Growth Corporation

Grantee	Grant description	Grant year	Amount
Robert Young Center	Unrestricted Program Support	2019-12	$10,000
Rock Island Community Caring Conference	Unrestricted Program Support	2019-12	$6,500
Skip-a-Long Family and Community Services	Unrestricted Program Support	2019-12	$5,000
...and 3 more grants made

Who funds Rock Island Economic Growth Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Development Association of Rock Island (DARI)	2022-12	Support for Live-Work Rock Island Program	$120,000

Personnel at Rock Island Economic Growth Corporation

Name	Title	Compensation	Date of data
Brian Hollenback	President and Chief Executive Officer	$95,079	2024-10-16
Cindy Berg	Chief Financial Officer		2024-10-16
Beth Payne	Vice President		2024-10-16
Andrew Fisher	Construction Director		2024-10-16
Carey Jorgensen	Director of Property Management	$0	2024-10-16
...and 10 more key personnel

Financials for Rock Island Economic Growth Corporation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$1,567,993	$1,109,200	41.4%
Program services	$0	$0	-
Investment income and dividends	$302,225	$216,372	39.7%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$1,695,017	$1,905,117	-11%
Net gain from sale of non-inventory assets	$-1,961,062	$-1,631,647	-20.2%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$838,136	$451,404	85.7%
Total revenues	$2,442,309	$2,050,446	19.1%

Form 990s for Rock Island Economic Growth Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-11-08	990	View PDF
2019-12	2021-02-22	990	View PDF
2018-12	2020-01-24	990	View PDF
...and 9 more Form 990s

Organizations like Rock Island Economic Growth Corporation

Organization	Type	Location	Revenue
VestedIn	501(c)(3)	Philadelphia, PA	$1,888,461
Fairfax Renaissance Development Corporation	501(c)(3)	Cleveland, OH	$3,335,655
Neighborhood Development Center	501(c)(3)	Saint Paul, MN	$11,058,060
The Glendower Group	501(c)(3)	New Haven, CT	$1,539,625
Northside Residents Redevelopment Council	501(c)(3)	Minneapolis, MN	$1,250,892
Development Corporation of Tarrant County	501(c)(3)	Fort Worth, TX	$5,365,540
Venture Richmond	501(c)(3)	Richmond, VA	$8,083,211
Greater Southwest Development Corporation (GSDC)	501(c)(3)	Chicago, IL	$2,786,256
Greater New Orleans Development Foundation	501(c)(3)	New Orleans, LA	$2,831,617
Boston Local Development Corporation	501(c)(3)	Boston, MA	$1,971,693

Data update history

October 16, 2024

Updated personnel

Identified 8 new personnel

January 9, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 8, 2024

Updated personnel

Identified 1 new personnel

December 24, 2023

Received grants

Identified 1 new grant, including a grant for $120,000 from Development Association of Rock Island (DARI)

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities

Issues

Human servicesCommunity improvementHousingEconomic development

Characteristics

State / local levelReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 100 - 19th St Ste 109; Rock Island, IL 61201
Metro area: Davenport-Moline-Rock Island, IA-IL
County: Rock Island County, IL
Website URL: economicgrowthcorporation.com/

IRS details

EIN: 36-3267851
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1982
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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Rock Island Economic Growth Corporation

Program areas at Rock Island Economic Growth Corporation

Grants made by Rock Island Economic Growth Corporation

Who funds Rock Island Economic Growth Corporation

Personnel at Rock Island Economic Growth Corporation

Financials for Rock Island Economic Growth Corporation

Form 990s for Rock Island Economic Growth Corporation

Organizations like Rock Island Economic Growth Corporation

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