Civic Intelligence

Greater Sterling Development Corporation

EIN 36-3706308 • 501(c)3 • Sterling, IL

Profile

The greater sterling development corporation (gsdc) was created to coordinate and streamline economic development efforts in the city of sterling, whiteside county and the surrounding areas.

1741 Industrial DriveSterling, IL 61081

www.sterlingdevelopment.org

Siviq Scores

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

Liabilities / Assets

74th percentile

0.47x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

3.77x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

23rd percentile

$83,909

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

80th percentile

20%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

22nd percentile

-7.0%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$9,284,119

Down $345,849 (-3.6%) from 2024

Liabilities

Down

$4,513,791

Down $92,083 (-2.0%) from 2024

Net Assets

Down

$4,770,328

Down $253,766 (-5.1%) from 2024

Revenue

Down

$950,454

Down $128,534 (-12%) from 2024

Expenses

Down

$1,204,220

Down $62,437 (-4.9%) from 2024

Net Income

Down

-$253,766

Down $66,097 (-35%) from 2024

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $4,721,072Liabilities 2010: $1,149,785Net Assets 2010: $3,571,2872010Assets 2011: $4,727,488Liabilities 2011: $1,094,713Net Assets 2011: $3,632,7752011Assets 2012: $11,034,503Liabilities 2012: $7,140,516Net Assets 2012: $3,893,9872012Assets 2013: $11,803,032Liabilities 2013: $7,844,501Net Assets 2013: $3,958,5312013Assets 2014: $6,042,857Liabilities 2014: $2,112,957Net Assets 2014: $3,929,9002014Assets 2015: $6,074,341Liabilities 2015: $2,214,894Net Assets 2015: $3,859,4472015Assets 2016: $5,890,230Liabilities 2016: $2,118,852Net Assets 2016: $3,771,3782016Assets 2017: $5,634,526Liabilities 2017: $1,978,933Net Assets 2017: $3,655,5932017Assets 2018: $5,611,939Liabilities 2018: $2,008,726Net Assets 2018: $3,603,2132018Assets 2019: $6,805,686Liabilities 2019: $2,859,893Net Assets 2019: $3,945,7932019Assets 2020: $7,389,268Liabilities 2020: $2,943,769Net Assets 2020: $4,445,4992020Assets 2021: $8,635,725Liabilities 2021: $3,535,054Net Assets 2021: $5,100,6712021Assets 2022: $10,325,597Liabilities 2022: $4,862,331Net Assets 2022: $5,463,2662022Assets 2023: $9,982,638Liabilities 2023: $4,770,875Net Assets 2023: $5,211,7632023Assets 2024: $9,629,968Liabilities 2024: $4,605,874Net Assets 2024: $5,024,0942024Assets 2025: $9,284,119Liabilities 2025: $4,513,791Net Assets 2025: $4,770,3282025

Highlighted filing

2025

Assets$9,284,119
Liabilities$4,513,791
Net Assets$4,770,328

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $427,7942010Expenses 2011: $448,7852011Expenses 2012: $473,0922012Expenses 2013: $947,1892013Revenue 2014: $780,045Expenses 2014: $808,676Net Income 2014: -$28,6312014Revenue 2015: $544,734Expenses 2015: $615,187Net Income 2015: -$70,4532015Revenue 2016: $583,023Expenses 2016: $671,092Net Income 2016: -$88,0692016Revenue 2017: $543,631Expenses 2017: $659,416Net Income 2017: -$115,7852017Revenue 2018: $626,924Expenses 2018: $679,304Net Income 2018: -$52,3802018Revenue 2019: $1,327,368Expenses 2019: $984,788Net Income 2019: $342,5802019Revenue 2020: $1,227,862Expenses 2020: $728,156Net Income 2020: $499,7062020Revenue 2021: $1,386,862Expenses 2021: $731,690Net Income 2021: $655,1722021Revenue 2022: $1,289,640Expenses 2022: $927,045Net Income 2022: $362,5952022Revenue 2023: $824,900Expenses 2023: $1,076,403Net Income 2023: -$251,5032023Revenue 2024: $1,078,988Expenses 2024: $1,266,657Net Income 2024: -$187,6692024Revenue 2025: $950,454Expenses 2025: $1,204,220Net Income 2025: -$253,7662025

Highlighted filing

2025

Revenue$950,454
Expenses$1,204,220
Net Income-$253,766

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.28$4.51$4.77$0.95$1.20$0.25
2024Detailed filing. Detailed filing data is available for this year.$9.63$4.61$5.02$1.08$1.27$0.19
2023Detailed filing. Detailed filing data is available for this year.$9.98$4.77$5.21$0.82$1.08$0.25
2022Detailed filing. Detailed filing data is available for this year.$10.3$4.86$5.46$1.29$0.93$0.36
2021Detailed filing. Detailed filing data is available for this year.$8.64$3.54$5.10$1.39$0.73$0.66
2020Detailed filing. Detailed filing data is available for this year.$7.39$2.94$4.45$1.23$0.73$0.50
2019Detailed filing. Detailed filing data is available for this year.$6.81$2.86$3.95$1.33$0.98$0.34
2018Detailed filing. Detailed filing data is available for this year.$5.61$2.01$3.60$0.63$0.68$0.05
2017Detailed filing. Detailed filing data is available for this year.$5.63$1.98$3.66$0.54$0.66$0.12
2016Detailed filing. Detailed filing data is available for this year.$5.89$2.12$3.77$0.58$0.67$0.09
2015Detailed filing. Detailed filing data is available for this year.$6.07$2.21$3.86$0.54$0.62$0.07
2014Detailed filing. Detailed filing data is available for this year.$6.04$2.11$3.93$0.78$0.81$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$7.84$3.96$0.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$7.14$3.89$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$1.09$3.63$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$1.15$3.57$0.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Mar 9, 2026
Return Version
2024v5.5
Gross Receipts
$950,454
Mission and Program Overview

Mission

The greater sterling development corporation (gsdc) was created to coordinate and streamline economic development efforts in the city of sterling, whiteside county and the surrounding areas. Our efforts help to:* create success for the companies who do business in our area * enrich and strengthen our community * create employment opportunities for area residents

To create economic and job growth in the sterling area through business expansion, new investment and retention.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,997,635$8,733,683▼ $263,952
Savings and Temporary Cash Investments$513,001$516,732▲ $3,731
Cash and Non-Interest-Bearing Accounts$119,332$33,704▼ $85,628
Total Assets$9,629,968$9,284,119▼ $345,849
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,579,861$4,493,291▼ $86,570
Other Liabilities$23,400$20,500▼ $2,900
Accounts Payable and Accrued Expenses$2,613--
Total Liabilities$4,605,874$4,513,791▼ $92,083
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,937,149$4,752,328▼ $184,821
Net Assets With Donor Restrictions$86,945$18,000▼ $68,945
Total Net Assets Fund Balance$5,024,094$4,770,328▼ $253,766
Total Liabilities and Net Assets / Fund Balance$9,629,968$9,284,119▼ $345,849

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,093,125$3,161,972$11,255,097
Land$614,496-$614,496
Equipment$13,687$296,732$310,419
Other Land Buildings$12,375$12,375$24,750
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather SoteloExecutive DirectorFT$111,303$12,233$123,536

Board Members and Trustees

NameTitle
Ed AndersenChairman
Peter W DillonVice Chairman
Craig FroeterDirector
Dave HurlessDirector
Dirk MemingerDirector
Jennifer DallasDirector
John RosengrenDirector
Scott ShumardDirector
Cindy ZanderSecretary
Dick BaumannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,416
Program Service Revenue
$813,969
Investment Income
$69
Other Revenue
$0
All Other Contributions
$133,916
Change in Net Assets
$-253,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$950,454
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$950,454
Total Revenue per Form 990
$950,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$955,548
Salaries, Compensation, and Employee Benefits$239,706
Total Fundraising Expense$12,580
Grants and Similar Amounts Paid$8,966
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$320,977--$320,977
Occupancy$273,340--$273,340
Interest$143,048--$143,048
Current Officers, Directors, Trustees, and Key Employees$106,066$12,478$6,239$124,783
Other Salaries and Wages$316$82,711$3,499$86,526
Insurance$37,628$4,181-$41,809
Fees for Services Accounting$19,645$4,911-$24,556
Payroll Taxes$7,334$7,187$698$15,219
Other Employee Benefits$687$11,832$659$13,178
All Other Expenses$8,795$1,928-$10,723
Travel$9,037$1,004-$10,041
Other Expenses$6,306$2,702$1,398$9,008
Grants to Domestic Orgs$8,966--$8,966
Information Technology-$696$77$773
Office Expenses$161$30$10$201
Total Functional Expenses$1,057,785$133,855$12,580$1,204,220

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,204,220
Total Expenses per Audited Statements$1,204,220
Total Expenses per Form 990$1,204,220
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
House Sterling LLCSterling, IL-Land Development$7,966
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
Lease Deposit$20,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The corporation shall have two classes of members, voting members and contributing members. The voting members of the corporation shall be the then acting board of directors of the corporation. The contributing members of the corporation shall consist of individual persons, corporations and other persons or associations interested in the goals and purposes for which this corporation was established.

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

Form 990 is prepared by an independent accounting firm. No formal review process is in place related to the board of directors. The chairman of the board and the executive director of the organization review the return prior to filing.

Form 990, Part VI, Section B, Line 15A

The executive board reviews and approves the compensation of the executive director. This process includes a review of comparability data, as several directors are involved in the management of other charitable entities. Currently, the executive director is the only officer/key employee of the organization.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are provided upon request.

Filing and Contact Details

Filer

Filer Name
Greater Sterling Development Corporation
EIN
36-3706308
Phone
8156255255
Address
1741 INDUSTRIAL DRIVE, STERLING, IL 61081

Signing Officer

Name
Cindy Zander
Title
Secretary
Phone
8156255255
Signed
2026-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Sotelo
Formed
1990
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 SW ADAMS STREET SUITE 1000, PEORIA, IL 61602
Preparer
Andrew Smith CPA
Phone
3096714500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Telephone: program service expenses 6,842. Management and general expenses 1,711. Fundraising expenses 0. Total expenses 8,553. Dues & subscriptions: program service expenses 1,953. Management and general expenses 217. Fundraising expenses 0. Total expenses 2,170.

Part XIII, Line 1, Other Accounting Method or Change in Accounting Method

The accompanying financial statements and form 990 have been prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles. The cash basis of accounting has been modified for the following: -property and equipment purchased, including land held for sale -depreciation expense and accumulated depreciation -unremitted payroll tax, other withholdings, and other taxes -notes payable -lease deposits

Part XIII, Line 2C Explanation

The accompanying financial statements and form 990 have been prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles. The cash basis of accounting has been modified for the following: -property and equipment purchased, including land held for sale -depreciation expense and accumulated depreciation -unremitted payroll tax, other withholdings, and other taxes -notes payable -lease deposits

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and state income tax under section 501(c)(3) of the internal revenue code and as such is not liable for income taxes. The organization is classified by the internal revenue service as other than a private foundation. The organization accounts for uncertainty in income taxes under the authoritative guidance issued by financial accounting standards board (fasb). The organization uses a threshold of more likely than not to be sustained upon examination to account for uncertainty income taxes. Measurement of the tax uncertainty occurs if the recognition threshold has not been met. This guidance also addresses derecognition, classification, interest and penalties, disclosure, and transition. The organization conducts business solely in the united states and, as a result, files federal and illinois tax returns. In the normal course of business, the organization is subject to examination by taxing authorities. Presently, there are no ongoing income tax audits or unresolved disputes with the tax authorities that the organization currently files or has filed with.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt02500
IRS990/GrantAmt08966
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt08966
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08966
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0950454
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt077
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0696
IRS990/InformationTechnologyGrp/TotalAmt0773
IRS990/InsuranceGrp/ManagementAndGeneralAmt04181
IRS990/InsuranceGrp/ProgramServicesAmt037628
IRS990/InsuranceGrp/TotalAmt041809
IRS990/InterestGrp/ProgramServicesAmt0143048
IRS990/InterestGrp/TotalAmt0143048
IRS990/InvestmentIncomeGrp/ExclusionAmt069
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt069
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
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IRS990/LandBldgEquipCostOrOtherBssAmt012204762
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE GREATER STERLING DEVELOPMENT CORPORATION (GSDC) WAS CREATED TO COORDINATE AND STREAMLINE ECONOMIC DEVELOPMENT EFFORTS IN THE CITY OF STERLING, WHITESIDE COUNTY AND THE SURROUNDING AREAS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04493291
IRS990/NetAssetsOrFundBalancesBOYAmt05024094
IRS990/NetAssetsOrFundBalancesEOYAmt04770328
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04937149
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04752328
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0273340
IRS990/OccupancyGrp/TotalAmt0273340
IRS990/OfficeExpensesGrp/FundraisingAmt010
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030
IRS990/OfficeExpensesGrp/ProgramServicesAmt0161
IRS990/OfficeExpensesGrp/TotalAmt0201
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0659
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011832
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0687
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013178
IRS990/OtherExpensesGrp/Desc0MEADOWLANDS STEEL EXPEN
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL & MAIN
IRS990/OtherExpensesGrp/FundraisingAmt01398
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04195
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12702
IRS990/OtherExpensesGrp/ProgramServicesAmt078317
IRS990/OtherExpensesGrp/ProgramServicesAmt122373
IRS990/OtherExpensesGrp/ProgramServicesAmt214789
IRS990/OtherExpensesGrp/ProgramServicesAmt36306
IRS990/OtherExpensesGrp/TotalAmt078317
IRS990/OtherExpensesGrp/TotalAmt127966
IRS990/OtherExpensesGrp/TotalAmt214789
IRS990/OtherExpensesGrp/TotalAmt39008
IRS990/OtherLiabilitiesGrp/BOYAmt023400
IRS990/OtherLiabilitiesGrp/EOYAmt020500
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03499
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt082711
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0316
IRS990/OtherSalariesAndWagesGrp/TotalAmt086526
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0698
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07187
IRS990/PayrollTaxesGrp/ProgramServicesAmt07334
IRS990/PayrollTaxesGrp/TotalAmt015219
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0HEATHER SOTELO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1541610
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0745550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt153000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215419
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0745550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215419
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0327200
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0153500
IRS990/PYInvestmentIncomeAmt04832
IRS990/PYOtherExpensesAmt0879976
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0746956
IRS990/PYRevenuesLessExpensesAmt0-187669
IRS990/PYSalariesCompEmpBnftPaidAmt0233181
IRS990/PYTotalExpensesAmt01266657
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01078988
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-253766
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0813969
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0513001
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0516732
IRS990ScheduleA/FactsAndCircumstancesTestTxt0GREATER STERLING DEVELOPMENT CORPORATOIN FAILS TO MEET THE 33 1/3 PERCENT-OF-SUPPORT TEST, BUT STILL QUALIFIES FOR TREATMENT AS A PUBLICLY SUPPORTED ORGANIZATION DUE TO THE FOLLOWING FACTS AND CIRCUMSTANCES:A. THE TOTAL GOVERNMENTAL AND PUBLIC SUPPORT FOR THE TAX YEAR 2025 IS 31.07% OF TOTAL SUPPORT, WHICH EXCEEDS THE 10% MINIMUM. B. THE ORGANIZATION IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC OR GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS. THE ORGANIZATION'S PRINCIPAL OBJECTIVE IS TO COORDINATE VARIOUS DEVELOPMENT ACTIVITIES TO INCREASE THE ECONOMIC BASE AND THEREBY THE WELL-BEING OF CITIZENS OF THE CITY OF STERLING, WHITESIDE COUNTY, AND SURROUNDING AREAS, AND CREATE EMPLOYMENT AND ENRICHMENT OPPORTUNITIES FOR ALL RESIDENTS OF SAID AREAS. C. THE ORGANIZATION MAINTAINS A BROADLY REPRESENTED BOARD OF DIRECTORS WITH 10 MEMBERS. THE MISSION OF THE ORGANIZATION IS TO BRING JOBS TO THE COMMUNITY. WHEN THE GLOBAL ECONOMIC CONDITIONS ARE POOR FOR EXPANSION AND GROWTH, IT BECOMES DIFFICULT TO BRING JOBS.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0136416
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0327200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0258850
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0719000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0800725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02242191
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04832
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0853
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01462
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03049
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010265
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03164131
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.31070
IRS990ScheduleA/PublicSupportPY170Pct00.27060
IRS990ScheduleA/PublicSupportTotal170Amt0699823
IRS990ScheduleA/SubstantialContributorsTotAmt01542368
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0136416
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0327200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0258850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0719000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0800725
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02242191
IRS990ScheduleA/TotalSupportAmt02252456
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt08093125
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03161972
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011255097
IRS990ScheduleD/EquipmentGrp/BookValueAmt013687
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0296732
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0310419
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01204220
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0614496
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0614496
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012375
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012375
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0950454
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND AS SUCH IS NOT LIABLE FOR INCOME TAXES. THE ORGANIZATION IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES UNDER THE AUTHORITATIVE GUIDANCE ISSUED BY FINANCIAL ACCOUNTING STANDARDS BOARD (FASB). THE ORGANIZATION USES A THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION TO ACCOUNT FOR UNCERTAINTY INCOME TAXES. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS NOT BEEN MET. THIS GUIDANCE ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE ORGANIZATION CONDUCTS BUSINESS SOLELY IN THE UNITED STATES AND, AS A RESULT, FILES FEDERAL AND ILLINOIS TAX RETURNS. IN THE NORMAL COURSE OF BUSINESS, THE ORGANIZATION IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. PRESENTLY, THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE TAX AUTHORITIES THAT THE ORGANIZATION CURRENTLY FILES OR HAS FILED WITH.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08733683
IRS990ScheduleD/TotalExpensesPerForm990Amt01204220
IRS990ScheduleD/TotalLiabilityAmt020500
IRS990ScheduleD/TotalRevenuePerForm990Amt0950454
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0950454
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01204220
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt07966
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LAND DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HOUSE STERLING LLC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02907 LOCUST STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0STERLING
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd061081
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS DETERMINES WHAT LOCAL ORGANIZATION'S TO PROVIDE SUPPORT TO BY DISCUSSING THE NEEDS WITH THE ORGANIZATIONS. THE CURRENT YEAR GRANT WAS ESTABLISHED WITH A HOUSING INCENTIVE AGREEMENT WITH THE ORGANIZATION TO STATE TERMS AND EXPECTATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION SHALL HAVE TWO CLASSES OF MEMBERS, VOTING MEMBERS AND CONTRIBUTING MEMBERS. THE VOTING MEMBERS OF THE CORPORATION SHALL BE THE THEN ACTING BOARD OF DIRECTORS OF THE CORPORATION. THE CONTRIBUTING MEMBERS OF THE CORPORATION SHALL CONSIST OF INDIVIDUAL PERSONS, CORPORATIONS AND OTHER PERSONS OR ASSOCIATIONS INTERESTED IN THE GOALS AND PURPOSES FOR WHICH THIS CORPORATION WAS ESTABLISHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. NO FORMAL REVIEW PROCESS IS IN PLACE RELATED TO THE BOARD OF DIRECTORS. THE CHAIRMAN OF THE BOARD AND THE EXECUTIVE DIRECTOR OF THE ORGANIZATION REVIEW THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE BOARD REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THIS PROCESS INCLUDES A REVIEW OF COMPARABILITY DATA, AS SEVERAL DIRECTORS ARE INVOLVED IN THE MANAGEMENT OF OTHER CHARITABLE ENTITIES. CURRENTLY, THE EXECUTIVE DIRECTOR IS THE ONLY OFFICER/KEY EMPLOYEE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TELEPHONE: PROGRAM SERVICE EXPENSES 6,842. MANAGEMENT AND GENERAL EXPENSES 1,711. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,553. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 1,953. MANAGEMENT AND GENERAL EXPENSES 217. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,170.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ACCOMPANYING FINANCIAL STATEMENTS AND FORM 990 HAVE BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE CASH BASIS OF ACCOUNTING HAS BEEN MODIFIED FOR THE FOLLOWING: -PROPERTY AND EQUIPMENT PURCHASED, INCLUDING LAND HELD FOR SALE -DEPRECIATION EXPENSE AND ACCUMULATED DEPRECIATION -UNREMITTED PAYROLL TAX, OTHER WITHHOLDINGS, AND OTHER TAXES -NOTES PAYABLE -LEASE DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ACCOMPANYING FINANCIAL STATEMENTS AND FORM 990 HAVE BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE CASH BASIS OF ACCOUNTING HAS BEEN MODIFIED FOR THE FOLLOWING: -PROPERTY AND EQUIPMENT PURCHASED, INCLUDING LAND HELD FOR SALE -DEPRECIATION EXPENSE AND ACCUMULATED DEPRECIATION -UNREMITTED PAYROLL TAX, OTHER WITHHOLDINGS, AND OTHER TAXES -NOTES PAYABLE -LEASE DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XIII, LINE 1, OTHER ACCOUNTING METHOD OR CHANGE IN ACCOUNTING METHOD
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XIII, LINE 2C EXPLANATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0GREATER STERLING DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0GREATER STERLING DEVELOPMENT REALTY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PURCHASE OF PROPERTY FOR DEVELOPMENT PURPOSES

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