Civic Intelligence

Rock Island County Housing Finance Corp

EIN 27-4689832 • 501(c)3 • East Moline, IL

Profile

Community based organization developed to promote and advance decent, safe and sanitary housing for low income persons and families in rock island county, il.

621 17th AveEast Moline, IL 61244-2036

www.gmaharic.org

Siviq Scores

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

Liabilities / Assets

91st percentile

0.91x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

5.79x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$207,905

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

40th percentile

1.6%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-18%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,487,203

Up $275,528 (+1.6%) from 2023

Liabilities

Up

$15,984,705

Up $177,701 (+1.1%) from 2023

Net Assets

Up

$1,502,498

Up $97,827 (+7.0%) from 2023

Revenue

Down

$2,760,391

Down $617,879 (-18%) from 2023

Expenses

Down

$2,662,564

Down $206,666 (-7.2%) from 2023

Net Income

Down

$97,827

Down $411,213 (-81%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2020: $2,313,807Liabilities 2020: $0Net Assets 2020: $2,313,8072020Assets 2021: $11,670,859Liabilities 2021: $11,221,261Net Assets 2021: $449,5982021Assets 2022: $14,516,838Liabilities 2022: $12,153,602Net Assets 2022: $2,363,2362022Assets 2023: $17,211,675Liabilities 2023: $15,807,004Net Assets 2023: $1,404,6712023Assets 2024: $17,487,203Liabilities 2024: $15,984,705Net Assets 2024: $1,502,4982024

Highlighted filing

2024

Assets$17,487,203
Liabilities$15,984,705
Net Assets$1,502,498

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2020: $2,061,688Expenses 2020: $138,559Net Income 2020: $1,923,1292020Revenue 2021: $1,965,763Expenses 2021: $1,508,528Net Income 2021: $457,2352021Revenue 2022: $2,397,549Expenses 2022: $1,951,516Net Income 2022: $446,0332022Revenue 2023: $3,378,270Expenses 2023: $2,869,230Net Income 2023: $509,0402023Revenue 2024: $2,760,391Expenses 2024: $2,662,564Net Income 2024: $97,8272024

Highlighted filing

2024

Revenue$2,760,391
Expenses$2,662,564
Net Income$97,827

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Feb 17, 2025
Return Version
2023v6.0
Gross Receipts
$2,760,391
Mission and Program Overview

Mission

Community based organization developed to promote and advance decent, safe and sanitary housing for low income persons and families in rock island county, il.

To facilitate residential development for the benefit of low-income persons in the rock island county community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,875,702$12,169,236▲ $293,534
Cash and Non-Interest-Bearing Accounts$5,098,271$3,890,528▼ $1,207,743
Rtn Earn Endowment Incm Other Fnds$1,404,671$1,502,498▲ $97,827
Accounts Receivable$5,378$391,981▲ $386,603
Prepaid Expenses and Deferred Charges$85,738$2,683▼ $83,055
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$17,211,675$17,487,203▲ $275,528
Other Assets Total$146,586$1,032,775▲ $886,189
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,370,915$15,401,471▲ $30,556
Accounts Payable and Accrued Expenses$322,009$481,584▲ $159,575
Other Liabilities$114,080$101,650▼ $12,430
Total Liabilities$15,807,004$15,984,705▲ $177,701
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,404,671$1,502,498▲ $97,827
Total Liabilities and Net Assets / Fund Balance$17,211,675$17,487,203▲ $275,528

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,107,479$7,311,139$13,418,618
Leasehold Improvements$3,139,028-$3,139,028
Equipment$1,852,992-$1,852,992
Land$1,069,737-$1,069,737
Other Assets Org$898,961--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John WellingPresident
Rebecca McreynoldsVice President
Katie KingDirector
Kevin HalliganDirector
Mary FuhrDirector
Richard BrunkDirector
Thomas MeyerDirector
Amy ClarkExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$800,530
Program Service Revenue
$1,896,766
Investment Income
$63,095
Other Revenue
$0
Change in Net Assets
$97,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,528,286
Salaries, Compensation, and Employee Benefits$134,278
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$634,878--$634,878
Interest$359,088--$359,088
Other Expenses$263,003--$263,003
Insurance$138,865--$138,865
Office Expenses$107,912--$107,912
Other Salaries and Wages$91,274--$91,274
Other Employee Benefits$43,004--$43,004
Total Functional Expenses$2,662,564$0$0$2,662,564
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$92,435
Inter Program - Due to$8,550
Unearned Revenue$665
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Greater metropolitan area housing authority of rock island county is the sole corporate member.

Form 990, Part VI, Section A, Line 7A

The board of commissioners of greater metropolitan area housing authority of rock island county serves as the board of directors for the organization.

Form 990, Part VI, Section B, Line 11B

The board of directors is provided a copy of the 990 for review prior to filing.

Form 990, Part VI, Section C, Line 19

The organization provides its financial information to the public in its annual report that is posted to the organization's website.

Filing and Contact Details

Filer

Filer Name
Rock Island County Housing Finance Corp
EIN
27-4689832
Phone
3097554527
Address
621 17TH AVE, EAST MOLINE, IL 61244-2036

Signing Officer

Name
Amy Clark
Title
CEO
Phone
3097554527
Signed
2025-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Clark
Formed
2013
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Honkamp Pc
Address
908 W 35TH ST, DAVENPORT, IA 52806-5826
Preparer
Angela M White Lpa
Phone
5633862727
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0133814
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1898961
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt092435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTER PROGRAM - DUE TO
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012169236
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01032775
IRS990ScheduleD/TotalLiabilityAmt0101650
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt040000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0137380
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030525
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AMY CLARK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0207905
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GREATER METROPOLITAN AREA HOUSING AUTHORITY OF ROCK ISLAND COUNTY IS THE SOLE CORPORATE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF COMMISSIONERS OF GREATER METROPOLITAN AREA HOUSING AUTHORITY OF ROCK ISLAND COUNTY SERVES AS THE BOARD OF DIRECTORS FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES ITS FINANCIAL INFORMATION TO THE PUBLIC IN ITS ANNUAL REPORT THAT IS POSTED TO THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0RICHFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1RICHFC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0RICHFC HEARTLAND LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1RICHFC HTH LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0844784719
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1844768536
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt06488345
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt165400
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt01238419
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt113075
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0621 17TH ST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1621 17TH ST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0EAST MOLINE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1EAST MOLINE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd061244
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd161244
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0RICHFC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0371881605
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0RICHFC GARFIELD LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0621 17TH ST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0EAST MOLINE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd061244
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0RICHFC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0261417385
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0HOMETOWN HARBOR EAST MOLINE APTS LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt06539985
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt01307543
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0621 17TH ST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0EAST MOLINE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd061244
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GREATER METROPOLITAN AREA HOUSING AUTHORITY OF ROCK ISLAND COUNTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0621 17TH ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EAST MOLINE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd061244
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00

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