Illinois Community Action CDC EIN 37-1377670 Form 990 (PDF) Claim this org

Illinois Community Action CDC

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Helps create affordable housing for low-income Illinois residents. For fiscal year 2024 it reported $374K in revenue, $304K in expenses, and $936K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Springfield, IL
Website
www.iacaanet.org
Filings
5 on file (2020–2024)
Revenue
$374KFY2024
Expenses
$304K
Net assets
$936K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-1377670 Public charity (501(c)(3)) Springfield, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps create affordable housing for low-income Illinois residents.
Leadership
Money in and out
$374K revenue, $304K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$374K
Pt VIII · Ln 12
Total expenses
$304K
Pt IX · Ln 25
Net assets
$936K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $70K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
37.1mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +68% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$374K
FY2024▲ +2%
Expenses
$304K
FY2024▼ -7%
Total assets
$943K
FY2024▼ -83%
Total liabilities
$7K
FY2024▼ -100%
Total revenue
$374K
Pt VIII · Ln 12
Total expenses
$304K
Pt IX · Ln 25
Net assets
$936K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$70K
Total assetsPt X · Ln 16$943K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIllinois Community Action CDC
EINHdr · item D37-1377670
Principal addressHdr · item CSpringfield, IL
WebsiteHdr · item Jwww.iacaanet.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFAug 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Illinois Community Action CDC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $288K of program spending, described in the organization's own filed words · FY2024.
01

Illinois community action development corporation (icadc) is a non-for-profit organization which was created to assist community action agencies in the development of low-income housing and administer and operate low-income programs.

$288Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$356K · 95%
Investment income$18K · 5%
Program service revenue95%$356K
Investment income5%$18K
Total revenueLn 12$374K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$288K
Management & general5%$16K
Total functional expensesLn 25$304K

Balance Sheet

Part X · end of year
CashLn 1$939K
Total assetsLn 16$943K
Total liabilitiesLn 26$7K
Total net assetsLn 32$936K
Months of cash on handcomputed37.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $939K · Operating expenses/yr $304K
37.1 months
Where the money goes
Program services
Program services $288K · Total expenses $304K
95%
Management & General
Management & general $16K · Total expenses $304K
5%
Fundraising
Fundraising $0 · Total expenses $304K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $374K
0%
Government reliance
Government grants — · Total revenue $374K
Earned-income share
Program service revenue $356K · Total revenue $374K
95%
Investment reliance
Investment income $18K · Total revenue $374K
+5%
Program self-sufficiency
Program service revenue $356K · Total expenses $304K
117%
Growth & trend
Revenue growth (YoY)
This year $374K · Prior year $367K
+2%
Revenue CAGR
FY2020 $303K · FY2024 $374K
+5%
Net-asset trend (YoY)
End of year $936K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $374K · Expenses $304K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $943K
Net-asset ratio
Net assets $936K · Total assets $943K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $943K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Stubblefield · Reported title CHAIR · Highest reported compensation $0 · Total expenses $304K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23K · Total expenses $304K
8%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth 2%

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 · FY2020
Total grants receivedfrom 1 funder$33K

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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)$374K revenue · viewing · ⤓ 990 PDF
FY2023$367K revenue · ⤓ 990 PDF
FY2022$361K revenue · ⤓ 990 PDF
FY2021$383K revenue · ⤓ 990 PDF
FY2020$303K 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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