Civic Intelligence

Riverside Community Credit Union

990 • Fiscal year 2016 • EIN 36-2889811

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 28, 2017

185 N Fraser AvenueKankakee, IL 60901

(815) 933-1101

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.91x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

20.77x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

53rd percentile

8.6%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

36th percentile

$84,045

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

28th percentile

0.9%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

64th percentile

5.1%

Faster revenue growth than 64% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$28,852,023

Up $255,728 (+0.9%) from 2015

Net Assets

Up

$2,521,440

Up $109,477 (+4.5%) from 2015

Liabilities

Up

$26,330,583

Up $146,251 (+0.6%) from 2015

Revenue

Up

$1,267,475

Up $61,070 (+5.1%) from 2015

Expenses

Up

$1,157,998

Up $17,974 (+1.6%) from 2015

Net Income

Up

$109,477

Up $43,096 (+65%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $27,797,606Liabilities 2010: $25,592,737Net Assets 2010: $2,204,8692010Assets 2012: $25,614,762Liabilities 2012: $23,398,476Net Assets 2012: $2,216,2862012Assets 2013: $26,177,961Liabilities 2013: $23,930,495Net Assets 2013: $2,247,4662013Assets 2014: $26,687,399Liabilities 2014: $24,341,817Net Assets 2014: $2,345,5822014Assets 2015: $28,596,295Liabilities 2015: $26,184,332Net Assets 2015: $2,411,9632015Assets 2016: $28,852,023Liabilities 2016: $26,330,583Net Assets 2016: $2,521,4402016Assets 2017: $30,402,517Liabilities 2017: $27,749,046Net Assets 2017: $2,653,4712017Assets 2018: $31,007,516Liabilities 2018: $28,129,219Net Assets 2018: $2,878,2972018Assets 2019: $31,869,516Liabilities 2019: $28,867,752Net Assets 2019: $3,001,7642019Assets 2020: $38,799,156Liabilities 2020: $35,667,893Net Assets 2020: $3,131,2632020Assets 2021: $43,340,686Liabilities 2021: $40,058,166Net Assets 2021: $3,282,5202021Assets 2022: $42,937,211Liabilities 2022: $39,232,024Net Assets 2022: $3,705,1872022

Highlighted filing

2016

Assets$28,852,023
Liabilities$26,330,583
Net Assets$2,521,440

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $1,364,7112010Expenses 2012: $1,277,2502012Revenue 2013: $1,137,535Expenses 2013: $1,106,355Net Income 2013: $31,1802013Revenue 2014: $1,202,349Expenses 2014: $1,104,233Net Income 2014: $98,1162014Revenue 2015: $1,206,405Expenses 2015: $1,140,024Net Income 2015: $66,3812015Revenue 2016: $1,267,475Expenses 2016: $1,157,998Net Income 2016: $109,4772016Revenue 2017: $1,333,751Expenses 2017: $1,201,720Net Income 2017: $132,0312017Revenue 2018: $1,498,846Expenses 2018: $1,274,020Net Income 2018: $224,8262018Revenue 2019: $1,561,777Expenses 2019: $1,438,310Net Income 2019: $123,4672019Revenue 2020: $1,470,704Expenses 2020: $1,341,205Net Income 2020: $129,4992020Revenue 2021: $1,491,489Expenses 2021: $1,340,232Net Income 2021: $151,2572021Revenue 2022: $1,767,244Expenses 2022: $1,344,577Net Income 2022: $422,6672022

Highlighted filing

2016

Revenue$1,267,475
Expenses$1,157,998
Net Income$109,477
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 28, 2017
Return Version
2016v3.0
Gross Receipts
$1,267,475
Mission and Program Overview

Mission

Riverside Credit Union is committed to providing quality financial services while keeping with the "people helping people" philosophy.

State chartered credit union providing quality financial services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,601,134$13,129,578▲ $528,444
Investments in Publicly Traded Securities$11,675,190$11,734,411▲ $59,221
Rtn Earn Endowment Incm Other Fnds$2,411,963$2,521,440▲ $109,477
Savings and Temporary Cash Investments$1,628,021$1,617,437▼ $10,584
Land, Buildings, and Equipment, Net$1,434,793$1,358,965▼ $75,828
Cash and Non-Interest-Bearing Accounts$757,781$487,313▼ $270,468
Prepaid Expenses and Deferred Charges$159,763$167,420▲ $7,657
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$28,596,295$28,852,023▲ $255,728
Other Assets Total$339,613$356,899▲ $17,286
Liabilities
Other Liabilities$26,052,251$26,148,843▲ $96,592
Accounts Payable and Accrued Expenses$132,081$181,740▲ $49,659
Total Liabilities$26,184,332$26,330,583▲ $146,251
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,411,963$2,521,440▲ $109,477
Total Liabilities and Net Assets / Fund Balance$28,596,295$28,852,023▲ $255,728

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$845,544$548,870$1,394,414
Land$468,140-$468,140
Other Land Buildings$45,281$136,836$182,117
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janet FrancoeurPresidentFT$81,558$2,487$84,045

Board Members and Trustees

NameTitle
Dale TollyChairman
Vern MitchellVice Chairman
Don HaagBoard member
Richard HardawayBoard member
Ron RudaBoard member
Barb JohnsonSecretary
Dick DiepeveenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,088,705
Investment Income
$178,770
Other Revenue
$0
Change in Net Assets
$109,477

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,267,475
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,267,475
Total Revenue per Form 990
$1,267,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$672,411
Salaries, Compensation, and Employee Benefits$485,587
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$362,737
Other Salaries and Wages---$341,326
Current Officers, Directors, Trustees, and Key Employees---$84,045
Depreciation Depletion---$73,585
Occupancy---$72,302
Other Employee Benefits---$38,355
Advertising---$31,515
Fees for Services Accounting---$20,071
Pension Plan Contributions---$13,295
Payroll Taxes---$8,566
Conferences and Meetings---$8,401
Other Expenses---$6,900
All Other Expenses---$5,292
Fees for Services Other---$1,339
Fees for Services Legal---$1,325
Travel---$950
Total Functional Expenses$0$0$0$1,157,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,157,998
Total Expenses per Audited Statements$1,157,998
Total Expenses per Form 990$1,157,998
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Total Exempt Function Spending$250
Section 527 Activity Spending$0

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$250
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member shares$26,148,843
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The Organization's membership consists of individuals with funds on deposit with the Credit Union.

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

The membership participates in the annual meeting of the members and the election of the Board of Directors.

Form 990, Part VI, Section A, line 7B

The bylaws of the Credit Union may be amended by a majority vote of the members at any annual meeting or at a special meeting called for this purpose.

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

The Form 990 was provided to the Board of Directors prior to filing.

Form 990, Part VI, Section B, line 12C

Board members and employees are encouraged to report conflicts as they occur.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements made available upon request

Filing and Contact Details

Filer

Filer Name
Riverside Community Credit Union
EIN
36-2889811
Phone
8159331101
Address
185 N Fraser Avenue, Kankakee, IL 60901

Signing Officer

Name
Melissa Bayston
Title
Co-CEO
Phone
8159331101
Signed
2017-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Bayston
Formed
1976
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
8

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Ave, Chicago, IL 60643
Preparer
David J Rambo
Phone
7737794720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

PART X, #2. FIN 48 note from Audited Financial Statements Riverside Community Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax exempt purpose of the Credit Union and the nature in which it operates is described above. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income in 2015 and 2014 that management believes is subject to taxation. The Credit Union's 2013 through 2016 annual information returns filed with the Internal Revenue Service are open to examination.

Raw XML Appendix377 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.

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IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt0250
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0363092340
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CUPAC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt0250
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01807 W Diehl Road
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0Naperville
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd060566
IRS990ScheduleC/TotalExemptFunctionExpendAmt0250
IRS990ScheduleD/BuildingsGrp/BookValueAmt0845544
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0548870
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01394414
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01157998
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0468140
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0468140
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045281
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0136836
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0182117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026148843
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member shares
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01267475
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, #2. FIN 48 note from Audited Financial Statements Riverside Community Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax exempt purpose of the Credit Union and the nature in which it operates is described above. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income in 2015 and 2014 that management believes is subject to taxation. The Credit Union's 2013 through 2016 annual information returns filed with the Internal Revenue Service are open to examination.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01358965
IRS990ScheduleD/TotalExpensesPerForm990Amt01157998
IRS990ScheduleD/TotalLiabilityAmt026148843
IRS990ScheduleD/TotalRevenuePerForm990Amt01267475
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01267475
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01157998
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization's membership consists of individuals with funds on deposit with the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The membership participates in the annual meeting of the members and the election of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The bylaws of the Credit Union may be amended by a majority vote of the members at any annual meeting or at a special meeting called for this purpose.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 was provided to the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board members and employees are encouraged to report conflicts as they occur.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents and financial statements made available upon request
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 A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt028596295
IRS990/TotalAssetsEOYAmt028852023
IRS990/TotalAssetsGrp/BOYAmt028596295
IRS990/TotalAssetsGrp/EOYAmt028852023
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/TotalAmt01157998
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026184332
IRS990/TotalLiabilitiesEOYAmt026330583
IRS990/TotalLiabilitiesGrp/BOYAmt026184332
IRS990/TotalLiabilitiesGrp/EOYAmt026330583
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02411963
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02521440
IRS990/TotalOtherCompensationAmt02487
IRS990/TotalProgramServiceRevenueAmt01088705
IRS990/TotalReportableCompFromOrgAmt081558
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01267475
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01267475
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028596295
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028852023
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0950
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0185 N Fraser Avenue
IRS990/USAddress/CityNm0Kankakee
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060901
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.riversidecu.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Melissa Bayston
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Co-CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08159331101
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Riverside Community Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0362889811
ReturnHeader/Filer/PhoneNum08159331101
ReturnHeader/Filer/USAddress/AddressLine1Txt0185 N Fraser Avenue
ReturnHeader/Filer/USAddress/CityNm0Kankakee
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060901
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.84.64.45
ReturnHeader/FilingSecurityInformation/IPDt02017-04-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:49:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363321958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Desmond & Ahern Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010827 S Western Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060643
ReturnHeader/PreparerPersonGrp/PhoneNum07737794720
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David J Rambo
ReturnHeader/ReturnTs02017-04-28T15:53:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.9$39.2$3.71$1.77$1.34$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.3$40.1$3.28$1.49$1.34$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$35.7$3.13$1.47$1.34$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.9$28.9$3.00$1.56$1.44$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.0$28.1$2.88$1.50$1.27$0.22
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$27.7$2.65$1.33$1.20$0.13
2016Detailed filing. Detailed filing data is available for this year.$28.9$26.3$2.52$1.27$1.16$0.11
2015Detailed filing. Detailed filing data is available for this year.$28.6$26.2$2.41$1.21$1.14$0.07
2014Detailed filing. Detailed filing data is available for this year.$26.7$24.3$2.35$1.20$1.10$0.10
2013Detailed filing. Detailed filing data is available for this year.$26.2$23.9$2.25$1.14$1.11$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$23.4$2.22$1.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$25.6$2.20$1.36