Illinois Community Action Cdc
- Assets
- $5.4m
- Revenue
- $367.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 37-1377670
Organization Overview
Illinois Community Action Cdc is located in Springfield, IL. The organization was established in 1998. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Community Action Cdc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Illinois Community Action Cdc generated $367.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $326.2k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN CREATING AFFORDABLE HOUSING FOR LOW INCOME ILLINOIS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILLINOIS COMMUNITY ACTION DEVELOPMENT CORPORATION (CORPORATION) IS A NOT-FOR-PROFIT ORGANIZATION WHICH WAS CREATED TO DEVELOP LOW-INCOME HOUSING AND ADMINISTER AND OPERATE LOW-INCOME HOUSING PROGRAMS. IN 2020, THE CORPORATION RECEIVED THE LOCAL INITIATIVES SUPPORT CORPORATION (LISC) GRANT. THE LISC GRANT PROGRAM ACTIVITIES INCLUDE CAPACITY BUILDING TO ASSIST ILLINOIS COMMUNITY ACTION AGENCIES IN GAINING ACCESS TO LISC RESOURCES. IN 2020, THE CORPORATION ALSO PURCHASED TWO BUILDINGS FROM ANOTHER NOT-FOR-PROFIT ORGANIZATION AND RENTS THE BUILDINGS TO AND ORGANIZATION THAT PROVIDES HEAD START PROGRAMS FOR LOW INCOME QUALIFYING INDIVIDUALS. THE CORPORATION'S PRIMARY SOURCES OF REVENUE IS RENTAL INCOME. THE CORPORATION'S PURPOSE IS THE ENHANCEMENT OF THE QUALITY OF LIFE FOR LOW-INCOME INDIVIDUALS AND FAMILIES IN ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lockhart-White Chair | OfficerTrustee | 1 | $0 |
Niccole Clements Vice Chair | OfficerTrustee | 1 | $0 |
Dwight Ford Treasurer | OfficerTrustee | 1 | $0 |
Richard Stubblefield Secretary | OfficerTrustee | 1 | $0 |
Dalitso Sulamoyo Director | Trustee | 1 | $0 |
Brian O'dell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $356,467 |
| Investment income | $10,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,691 |
| Advertising and promotion | $108 |
| Office expenses | $119 |
| Information technology | $1,333 |
| Royalties | $0 |
| Occupancy | $1,421 |
| Travel | $156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47 |
| Interest | $144,301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,564 |
| Insurance | $1,847 |
| All other expenses | $0 |
| Total functional expenses | $326,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $930,412 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,126 |
| Net Land, buildings, and equipment | $4,512,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,444,846 |
| Accounts payable and accrued expenses | $6,138 |
| Grants payable | $0 |
| Deferred revenue | $29,706 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,543,903 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,579,747 |
| Net assets without donor restrictions | $865,099 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,444,846 |