Mainstreet Redevelopment Association EIN 36-3989959

Mainstreet Redevelopment Association

EIN  36-3989959 Membership association Forest Park, IL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Develops communities by integrating housing with business opportunities.
Leadership
Dexter Cura · 1st Vice Pre
Money in and out
$179K revenue, $137K expenses
Bottom line
+24% operating surplus

Develops communities by integrating housing with business opportunities. For fiscal year 2024 it reported $179K in revenue, $137K in expenses, and $111K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$179K
Pt VIII · Ln 12
Total expenses
$137K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $42K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Operating surplus
+24%
revenue over expenses▲ +47% vs prior filing year
Earned revenue
33%
of revenue from program services & dues
Program spending
53%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$179K
FY2024▲ +37%
Total revenue
$179K
Pt VIII · Ln 12
Total expenses
$137K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$42K
Total assetsPt X · Ln 16$171K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $72K of program spending, described in the organization's own filed words · FY2024.
01

Community development combining residential living with business development.

$72Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMainstreet Redevelopment Association
EINHdr · item D36-3989959
Principal addressHdr · item CForest Park, IL
WebsiteHdr · item Jwww.exploreforestpark.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S21Z)
Ruling yearIRS BMFFeb 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
1st Vice Pre
$0Pt VII · Sec A
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$72K · 40%
Program service revenue$58K · 33%
Other revenue$47K · 26%
Investment income$1K · 1%
Contributions & grants40%$72K
Program service revenue33%$58K
Other revenue26%$47K
Investment income1%$1K
Total revenueLn 12$179K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$72K
Management & general47%$65K
Total functional expensesLn 25$137K

Balance Sheet

Part X · end of year
CashLn 1$171K
Total assetsLn 16$171K
Total liabilitiesLn 26$60K
Total net assetsLn 32$111K
Months of cash on handcomputed15.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $171K · Operating expenses/yr $137K
15.0 months
Where the money goes
Program services
Program services $72K · Total expenses $137K
53%
Management & General
Management & general $65K · Total expenses $137K
47%
Fundraising
Fundraising $0 · Total expenses $137K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $72K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $72K · Total revenue $179K
40%
Government reliance
Government grants — · Total revenue $179K
Earned-income share
Program service revenue $58K · Total revenue $179K
33%
Investment reliance
Investment income $1K · Total revenue $179K
+1%
Program self-sufficiency
Program service revenue $58K · Total expenses $137K
43%
Growth & trend
Revenue growth (YoY)
This year $179K · Prior year $131K
+37%
Revenue CAGR
FY2020 $47K · FY2024 $179K
+39%
Net-asset trend (YoY)
End of year $111K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $179K · Expenses $137K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $171K
Net-asset ratio
Net assets $111K · Total assets $171K
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $171K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dexter Cura · Reported title 1ST VICE PRE · Highest reported compensation $0 · Total expenses $137K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $137K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Revenue growth 37%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$179K revenue · viewing · ⤓ 990 PDF
FY2023$131K revenue · ⤓ 990 PDF
FY2022$132K revenue · ⤓ 990 PDF
FY2021$50K revenue · ⤓ 990 PDF
FY2020$47K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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