Illinois Community Action Development Corporation FY2020 filing

Tax-deductible

Springfield, IL501(c)(3)Since 1999HousingEIN 37-1377670Revenue $303K in FY2020

On file with the IRSiacaanet.org3435 Liberty Drive, 62704-6594 · Springfield, ILTax-exempt since Aug 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To provide training and technical assistance to Community Action agencies so that they have the capacity to participate in affordable housing and economic Development projects in communities throughout Illinois. Icadc strengthens communities by engaging Community Action agencies and Community leaders in creating additional opportunities that foster better living conditions, create more jobs, and provide financial opportunities to further the mission of Community Action.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $39K a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
58 mo
of spending, in cash
Looks good: 57.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.0M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$303K
Spent
$188K
To programs
88%
Net assets
$789K
By yearFY2020–FY2025
Revenue
$303K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$303K
FY2021$383K
FY2022$361K
FY2023$367K
FY2024$374K
FY2025$14K
Expenses
$188K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$188K
FY2021$364K
FY2022$345K
FY2023$326K
FY2024$304K
FY2025$42K
Net assets
$789K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$789K
FY2021$807K
FY2022$824K
FY2023$865K
FY2024$936K
FY2025$907K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $166K Management & general 12% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
See Illinois Community Action Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps create affordable housing for low-income Illinois residents.

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Provided by the organization

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1 program · $166K · in their own filed words · FY2020
01

Prairie Meadows Homes

Phase iiabout the project: in 2016, icadc secured $9 million in funds necessary to develop a phase ii affordable housing project in hoopeston, illinois. The project consists of 30 units of affordable single-family, energy efficient housing and a community center.

$166Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$33K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$303K
Ln 12
Fees for servicesLn 2g$282K
Investment incomeLn 3$11K
Gifts and grantsLn 1h$10K
Money outPt IX
$188K
Ln 25
Programscol B$166K
Managementcol C$22K
Owns and owesPt X
$789K
net assets · Ln 32
Cash and savingsLn 1–2$905K
Total assetsLn 16$5.8M
LiabilitiesLn 26$5.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$282K
Investment incomeLn 3$11K
Gains on assetsLn 7$7K
Total revenueLn 12$303K
Assets in detailPt X, end of year
SavingsLn 2$905K
Cash and savings togetherLn 1–2$905K
Land, buildings, equipmentLn 10c$4.9M
Other assetsLn 15$31
Total assetsLn 16$5.8M
LiabilitiesLn 26$5.0M
Net assetsLn 32$789K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$691K$905K
Land, buildings, equipmentLn 10c$0$4.9M
Total assetsLn 16$695K$5.8M
LiabilitiesLn 26$21K$5.0M
Net assetsLn 32$674K$789K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$24K$12K$12K
Information technologyLn 14$3K$2K$431
OccupancyLn 16$7K$6K$806
TravelLn 17$1K$1K$5
Conferences, conventions and meetingsLn 19$1K$1K$95
InsuranceLn 23$2K$2K$58
Other expenses (24a–d)Ln 24$147K$139K$8K
All other expensesLn 24e$3K$3K$378
Total functional expensesLn 25$188K$166K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $14K$42K−$28K$907K 990 PDF
FY2024 $374K$304K$70K$936K 990 PDF
FY2023 $367K$326K$41K$865K 990 PDF
FY2022 $361K$345K$17K$824K 990 PDF
FY2021 $383K$364K$19K$807K 990 PDF
FY2020 Viewing $303K$188K$115K$789K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $302,749 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$9,844
I-9 Program service revenuePrior year $143,444$281,763
I-10 Investment incomePrior year $3,380$11,142
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $146,824$302,749
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $173,816$187,976
I-18 Total expensesPrior year $173,816$187,976
I-19 Revenue less expensesPrior year −$26,992$114,773
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $302,749 across 6 lines filed
VIII-1f All other contributions, gifts and grants$9,844
VIII-1h Total contributions, gifts and grants$9,844
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $281,763$281,763
VIII-3 Investment incomeExcluded from tax $3,658$3,658
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,484$7,484
VIII-12 Total revenueRelated to mission $281,763 · Unrelated business $0 · Excluded from tax $11,142$302,749
Part IX · Statement of functional expenses $187,976 across 8 lines filed
IX-11g Other fees for servicesPrograms $11,964 · Management $11,648$23,612
IX-14 Information technologyPrograms $2,231 · Management $431$2,662
IX-16 OccupancyPrograms $5,991 · Management $806$6,797
IX-17 TravelPrograms $1,004 · Management $5$1,009
IX-19 Conferences, conventions and meetingsPrograms $1,245 · Management $95$1,340
IX-23 InsurancePrograms $2,020 · Management $58$2,078
IX-24 Other expenses (24a–d)Programs $138,986 · Management $8,305$147,291
IX-24e All other expensesPrograms $2,809 · Management $378$3,187
IX-25 Total functional expensesPrograms $166,250 · Management $21,726 · Fundraising $0$187,976
Part X · Balance sheet $5,816,946 assets, 11 lines filed
Asset lines not itemized here account for $27,675; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $691,140$904,690
X-3 Pledges and grants receivable$2,460
X-9 Prepaid expenses and deferred chargesStart of year $3,454$2,090
X-10c Land, buildings and equipment, netStart of year $0$4,880,000
X-15 Other assetsStart of year $506$31
X-16 Total assetsStart of year $695,100$5,816,946
X-17 Accounts payable and accrued expensesStart of year $21,336$5,893
X-26 Total liabilitiesStart of year $21,336$5,028,409
X-27 Net assets without donor restrictionsStart of year $673,764$788,537
X-32 Total net assets or fund balancesStart of year $673,764$788,537
X-33 Total liabilities and net assetsStart of year $695,100$5,816,946
Part XI · Reconciliation of net assets $788,537 net assets at year end
XI-1 Total revenue$302,749
XI-2 Total expenses$187,976
XI-3 Revenue less expenses$114,773
XI-4 Net assets at start of year$673,764
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$788,537

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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