Civic Intelligence

South Main Shopping Center

EIN 02-0552826 • 501(c)2 • Rockford, IL

Profile

To advance the commercial industrial and general welfare of the city of rockford

120 West State StreetRockford, IL 61101

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.00x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.02x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2023

Net Margin

69th percentile

18%

Higher net margin than 69% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2023

Top Officer Pay

100th percentile

$238,480

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 1708.3% of source-year revenue.

501(c)2 • <$500k nonprofits • Source year 2022

Asset Growth

83rd percentile

4.9%

Faster asset growth than 83% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

0.0%

Faster revenue growth than 56% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$38,262

Down $16,220 (-30%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$38,262

Down $15,960 (-29%) from 2023

Operations
Liabilities / Revenue58th percentileNet Margin69th percentile

Revenue

Down

-$4,809

Down $18,769 (-134%) from 2023

Expenses

Down

$11,151

Down $264 (-2.3%) from 2023

Net Income

Down

-$15,960

Down $18,505 (-727%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2011: $72,298Liabilities 2011: $152,734Net Assets 2011: -$80,4362011Assets 2012: $52,165Liabilities 2012: $134,549Net Assets 2012: -$82,3842012Assets 2013: $53,082Liabilities 2013: $112,948Net Assets 2013: -$59,8662013Assets 2014: $52,518Liabilities 2014: $108,258Net Assets 2014: -$55,7402014Assets 2015: $444,268Liabilities 2015: $542,237Net Assets 2015: -$97,9692015Assets 2016: $60,650Liabilities 2016: $99,164Net Assets 2016: -$38,5142016Assets 2017: $164,805Liabilities 2017: $185,669Net Assets 2017: -$20,8642017Assets 2018: $55,228Liabilities 2018: $3,595Net Assets 2018: $51,6332018Assets 2019: $100,572Liabilities 2019: $50,175Net Assets 2019: $50,3972019Assets 2020: $53,856Liabilities 2020: $4,650Net Assets 2020: $49,2062020Assets 2021: $48,471Liabilities 2021: $0Net Assets 2021: $48,4712021Assets 2022: $51,917Liabilities 2022: $240Net Assets 2022: $51,6772022Assets 2023: $54,482Liabilities 2023: $260Net Assets 2023: $54,2222023Assets 2024: $38,262Net Assets 2024: $38,2622024

Highlighted filing

2024

Assets$38,262
Liabilities-
Net Assets$38,262
Open 2024 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2011: $23,067Expenses 2011: $294,365Net Income 2011: -$271,2982011Revenue 2012: $3,136Expenses 2012: $5,084Net Income 2012: -$1,9482012Revenue 2013: $24,512Expenses 2013: $1,994Net Income 2013: $22,5182013Revenue 2014: $4,486Expenses 2014: $360Net Income 2014: $4,1262014Revenue 2015: $15,895Expenses 2015: $58,124Net Income 2015: -$42,2292015Revenue 2016: $111,828Expenses 2016: $52,373Net Income 2016: $59,4552016Revenue 2017: $48,591Expenses 2017: $30,941Net Income 2017: $17,6502017Revenue 2018: $101,562Expenses 2018: $29,065Net Income 2018: $72,4972018Revenue 2019: $8,959Expenses 2019: $10,195Net Income 2019: -$1,2362019Revenue 2020: $8,959Expenses 2020: $10,150Net Income 2020: -$1,1912020Revenue 2021: $8,959Expenses 2021: $9,694Net Income 2021: -$7352021Revenue 2022: $13,960Expenses 2022: $10,754Net Income 2022: $3,2062022Revenue 2023: $13,960Expenses 2023: $11,415Net Income 2023: $2,5452023Revenue 2024: -$4,809Expenses 2024: $11,151Net Income 2024: -$15,9602024

Highlighted filing

2024

Revenue-$4,809
Expenses$11,151
Net Income-$15,960
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,262
Liabilities
-
Net assets
$38,262
Revenue
-$4,809
Expenses
$11,151
Net income
-$15,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.38$0.38$0.05$0.11$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.14$0.11$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.14$0.11$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.09$0.10$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.05$0.49$0.09$0.10$0.01
2019Summary only. Only limited summary data is available for this year.$1.01$0.50$0.50$0.09$0.10$0.01
2018Summary only. Only limited summary data is available for this year.$0.55$0.04$0.52$1.02$0.29$0.72
2017Summary only. Only limited summary data is available for this year.$1.65$1.86$0.21$0.49$0.31$0.18
2016Summary only. Only limited summary data is available for this year.$0.61$0.99$0.39$1.12$0.52$0.59
2015Summary only. Only limited summary data is available for this year.$4.44$5.42$0.98$0.16$0.58$0.42
2014Summary only. Only limited summary data is available for this year.$0.53$1.08$0.56$0.04$0.00$0.04
2013Summary only. Only limited summary data is available for this year.$0.53$1.13$0.60$0.25$0.02$0.23
2012Summary only. Only limited summary data is available for this year.$0.52$1.35$0.82$0.03$0.05$0.02
2011Summary only. Only limited summary data is available for this year.$0.72$1.53$0.80$0.23$2.94$2.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 20, 2025
Return Version
2023v6.0
Gross Receipts
$39,967
Mission and Program Overview

Mission

To advance the commercial industrial and general welfare of the city of rockford

Program Services

DescriptionGrantsExpenses
TO PROVIDE AND ATTRACT MORE QUALITY RETAIL GOODS AND SERVICES, PROVIDE JOBS FOR NEIGHBORHOOD RESIDENTS, ELIMINATE BLIGHT AND RETURN A BROWNFIELD SITE TO USE--
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN PHELPSExecutive Di-$184,150$41,524$225,674
TODD CAGNONIAssistant Tr-$0--
EARL DOTSON JRDirector-$0--
JEFF FAHRENWALDDirector-$0--
LINDA HECKERTChair-$0--
AUDRA MONCURDirector-$0--
ED MUNGUIADirector-$0--
J DANIEL O'BOYLEDirector-$0--
MICHELE PETRIEDirector-$0--
BRIAN PETERSONPast Chairma-$0--
JAMES RYANSecretary-$0--
KARL SWANSONVice Chair-$0--
MICHAEL G SCHULTZTreasurer-$0--
KAREN WALSHDirector-$0--
BRENTEN WITHERBYAssistant Se-$0--
Filing and Contact Details

Filer

Filer Name
South Main Shopping Center
EIN
02-0552826
Phone
8159878675
Address
120 WEST STATE STREET, ROCKFORD, IL 61101

Signing Officer

Name
John Phelps
Title
Executive Director
Phone
8159878675
Signed
2025-02-20

Preparer

Firm
Benning Group LLC
Address
6815 WEAVER RD STE 300, ROCKFORD, IL 61114-8060
Preparer
Jakob J Thompson
Phone
8153162375
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses property taxes 2,722 bank charges 77 total 2,799”

Form 990-ez, Part II, Line 24

“Other loans receivable 0 17,395 real estate held for sale 44,776 0 total 44,776 17,395”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 260 0”

Form 990-ez, Part III

“To advance the commercial industrial and general welfare of the city of rockford”

Raw XML Appendix151 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ROCKFORD
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt14184150
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt09208
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TODD CAGNONI
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm14JOHN PHELPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0ASSISTANT TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13ASSISTANT SE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt14EXECUTIVE DI
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt044776
IRS990EZ/OtherAssetsTotalDetail/EOYAmt017395
IRS990EZ/OtherExpensesTotalAmt02799
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ADVANCE THE COMMERCIAL INDUSTRIAL AND GENERAL WELFARE OF THE CITY OF ROCKFORD
IRS990EZ/ProgramServiceRevenueAmt014967
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IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt025000
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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalRevenueAmt0-4809
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES PROPERTY TAXES 2,722 BANK CHARGES 77 TOTAL 2,799
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER LOANS RECEIVABLE 0 17,395 REAL ESTATE HELD FOR SALE 44,776 0 TOTAL 44,776 17,395
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 260 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ADVANCE THE COMMERCIAL INDUSTRIAL AND GENERAL WELFARE OF THE CITY OF ROCKFORD
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN PHELPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08159878675
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH MAIN SHOPPING CENTER
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0020552826
ReturnHeader/Filer/PhoneNum08159878675
ReturnHeader/Filer/USAddress/AddressLine1Txt0120 WEST STATE STREET
ReturnHeader/Filer/USAddress/CityNm0ROCKFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061101
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300003878
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BENNING GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06815 WEAVER RD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0611148060
ReturnHeader/PreparerPersonGrp/PhoneNum08153162375
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAKOB J THOMPSON
ReturnHeader/ReturnTs02025-02-21T08:39:07-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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