Civic Intelligence

Elmhurst City Centre

990 • Fiscal year 2018 • EIN 36-4024095

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

2 City CentreElmhurst, IL 60126

(630) 993-1600

Siviq Scores

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

Liabilities / Assets

80th percentile

0.36x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.25x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

36th percentile

0.2%

Higher net margin than 36% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

51st percentile

$60,000

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

59th percentile

6.2%

Faster asset growth than 59% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.4%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$525,320

Up $30,675 (+6.2%) from 2017

Net Assets

Up

$335,483

Up $1,631 (+0.5%) from 2017

Liabilities

Up

$189,837

Up $29,044 (+18%) from 2017

Revenue

Up

$759,168

Up $10,273 (+1.4%) from 2017

Expenses

Up

$757,537

Up $55,588 (+7.9%) from 2017

Net Income

Down

$1,631

Down $45,315 (-97%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $915,052Liabilities 2012: $104,134Net Assets 2012: $810,9182012Assets 2013: $906,249Liabilities 2013: $129,941Net Assets 2013: $776,3082013Assets 2014: $717,877Liabilities 2014: $135,184Net Assets 2014: $582,6932014Assets 2015: $556,053Liabilities 2015: $151,144Net Assets 2015: $404,9092015Assets 2016: $444,590Liabilities 2016: $157,684Net Assets 2016: $286,9062016Assets 2017: $494,645Liabilities 2017: $160,793Net Assets 2017: $333,8522017Assets 2018: $525,320Liabilities 2018: $189,837Net Assets 2018: $335,4832018Assets 2019: $553,475Liabilities 2019: $204,645Net Assets 2019: $348,8302019Assets 2020: $580,094Liabilities 2020: $201,505Net Assets 2020: $378,5892020Assets 2021: $549,412Liabilities 2021: $251,610Net Assets 2021: $297,8022021Assets 2022: $588,349Liabilities 2022: $218,351Net Assets 2022: $369,9982022Assets 2023: $514,948Liabilities 2023: $160,897Net Assets 2023: $354,0512023Assets 2024: $553,513Liabilities 2024: $161,917Net Assets 2024: $391,5962024

Highlighted filing

2018

Assets$525,320
Liabilities$189,837
Net Assets$335,483

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $767,9712012Revenue 2013: $608,329Expenses 2013: $644,797Net Income 2013: -$36,4682013Revenue 2014: $642,813Expenses 2014: $836,428Net Income 2014: -$193,6152014Revenue 2015: $562,304Expenses 2015: $740,088Net Income 2015: -$177,7842015Revenue 2016: $550,262Expenses 2016: $668,265Net Income 2016: -$118,0032016Revenue 2017: $748,895Expenses 2017: $701,949Net Income 2017: $46,9462017Revenue 2018: $759,168Expenses 2018: $757,537Net Income 2018: $1,6312018Revenue 2019: $801,388Expenses 2019: $788,041Net Income 2019: $13,3472019Revenue 2020: $808,471Expenses 2020: $778,712Net Income 2020: $29,7592020Revenue 2021: $759,950Expenses 2021: $840,737Net Income 2021: -$80,7872021Revenue 2022: $966,152Expenses 2022: $893,956Net Income 2022: $72,1962022Revenue 2023: $885,998Expenses 2023: $901,945Net Income 2023: -$15,9472023Revenue 2024: $836,289Expenses 2024: $798,744Net Income 2024: $37,5452024

Highlighted filing

2018

Revenue$759,168
Expenses$757,537
Net Income$1,631
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$759,168
Mission and Program Overview

Mission

To promote the development of special service areas of elmhurst, illinois

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$487,924$450,020▼ $37,904
Land, Buildings, and Equipment, Net$6,421$0▼ $6,421
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$494,645$525,320▲ $30,675
Other Assets Total-$75,000-
Liabilities
Other Liabilities$160,793$189,837▲ $29,044
Total Liabilities$160,793$189,837▲ $29,044
Net Assets / Fund Balance
Unrestricted Net Assets$333,852$335,483▲ $1,631
Total Net Assets Fund Balance$333,852$335,483▲ $1,631
Total Liabilities and Net Assets / Fund Balance$494,645$525,320▲ $30,675

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$63,500$63,500
Other Land Buildings-$14,809$14,809
Leasehold Improvements-$11,179$11,179
Other Assets Org$75,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tom ParavolaExecutive DirectorPT$60,000$60,000

Board Members and Trustees

NameTitle
Jeff BudgellPresident
Phyllis ButtVice President
Darrin RedingerDirector
Joseph TotaDirector
Margie FitzharrisDirector
Mike AllasDirector
Sarah DiamondDirector
Willis JohnsonDirector
Sally SotosSecretary
Leo ReedyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$91,398
Program Service Revenue
$667,042
Investment Income
$728
Other Revenue
$0
Change in Net Assets
$1,631

Audited Revenue Reconciliation

Revenue per Audited Statements
$759,168
Total Revenue per Audited Statements
$759,168
Total Revenue per Form 990
$759,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$574,838
Salaries, Compensation, and Employee Benefits$182,699
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$78,499$21,056-$99,555
Other Expenses$67,000--$67,000
Current Officers, Directors, Trustees, and Key Employees-$60,000-$60,000
Fees for Services Other$47,878--$47,878
Occupancy-$25,997-$25,997
Office Expenses-$17,867-$17,867
Other Employee Benefits$14,084$617-$14,701
Fees for Services Accounting-$14,266-$14,266
All Other Expenses$3,894$9,267-$13,161
Payroll Taxes$6,629$1,814-$8,443
Insurance-$6,817-$6,817
Depreciation Depletion$6,421--$6,421
Conferences and Meetings-$1,622-$1,622
Total Functional Expenses$598,214$159,323$0$757,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$757,537
Total Expenses per Audited Statements$757,537
Total Expenses per Form 990$757,537
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Certificates Payable$186,558
Payroll Liabilities$3,279
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

Board reviews audited financials which are the basis for the form 990. Executive director reviews form 990 before filing.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Executive director is the only paid key employee. The executive director salary is set by vote of the board.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board determined that no officer or director other than the executive director will be compensated.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All key documents available during business hours at the entity's office in elmhurst. Executive director is available by appointment to explain or discuss documents.

Filing and Contact Details

Filer

Filer Name
Elmhurst City Centre
EIN
36-4024095
Phone
6309931600
Address
2 CITY CENTRE, ELMHURST, IL 60126

Signing Officer

Name
Tom Paravola
Title
Executive Director
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
5

Preparer

Firm
Smith & Cull Ltd
Address
230 W Monroe Street Suite 2540, Chicago, IL 60606
Preparer
Mark a Cull
Phone
3124441776
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IRS990/OtherExpensesGrp/ProgramServicesAmt367000
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IRS990/OtherExpensesGrp/TotalAmt1128828
IRS990/OtherExpensesGrp/TotalAmt299518
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt078499
IRS990/OtherSalariesAndWagesGrp/TotalAmt099555
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IRS990/PayrollTaxesGrp/TotalAmt08443
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SSA TAX RECEIPTS
IRS990/ProgramServiceRevenueGrp/Desc1TIF RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0225406
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1441636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0225406
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1441636
IRS990/ProgSrvcAccomActy2Grp/Desc0ESTABLISHMENT OF UNIFORM STANDARDS FOR APPEARANCE AND OPERATION, ESTABLISHMENT OF PROPERTY MAINTENANCE STANDARDS, SEASONAL DECORATIONS, PLANTS, IMPROVEMENTS TO DOWNTOWN AREA.
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IRS990/PYContributionsGrantsAmt0120719
IRS990/PYInvestmentIncomeAmt0418
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0553071
IRS990/PYProgramServiceRevenueAmt0627758
IRS990/PYRevenuesLessExpensesAmt046946
IRS990/PYSalariesCompEmpBnftPaidAmt0148878
IRS990/PYTotalExpensesAmt0701949
IRS990/PYTotalRevenueAmt0748895
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01631
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063500
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063500
IRS990ScheduleD/ExpensesSubtotalAmt0757537
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011179
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011179
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt075000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM CITY OF ELMHURST
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014809
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0186558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GIFT CERTIFICATES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0759168
IRS990ScheduleD/TotalBookValueOtherAssetsAmt075000
IRS990ScheduleD/TotalExpensesPerForm990Amt0757537
IRS990ScheduleD/TotalLiabilityAmt0189837
IRS990ScheduleD/TotalRevenuePerForm990Amt0759168
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0759168
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0757537
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS AUDITED FINANCIALS WHICH ARE THE BASIS FOR THE FORM 990. EXECUTIVE DIRECTOR REVIEWS FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE DIRECTOR IS THE ONLY PAID KEY EMPLOYEE. THE EXECUTIVE DIRECTOR SALARY IS SET BY VOTE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINED THAT NO OFFICER OR DIRECTOR OTHER THAN THE EXECUTIVE DIRECTOR WILL BE COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL KEY DOCUMENTS AVAILABLE DURING BUSINESS HOURS AT THE ENTITY'S OFFICE IN ELMHURST. EXECUTIVE DIRECTOR IS AVAILABLE BY APPOINTMENT TO EXPLAIN OR DISCUSS DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalContributionsAmt091398
IRS990/TotalEmployeeCnt05
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0598214
IRS990/TotalFunctionalExpensesGrp/TotalAmt0757537
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0160793
IRS990/TotalLiabilitiesEOYAmt0189837
IRS990/TotalLiabilitiesGrp/BOYAmt0160793
IRS990/TotalLiabilitiesGrp/EOYAmt0189837
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0333852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0335483
IRS990/TotalProgramServiceRevenueAmt0667042
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0667770
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0759168
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0494645
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0525320
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0333852
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0335483
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 CITY CENTRE
IRS990/USAddress/CityNm0ELMHURST
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060126
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0HTTP://WWW.ELMHURSTCITYCENTRE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM PARAVOLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELMHURST CITY CENTRE
ReturnHeader/Filer/BusinessNameControlTxt0ELMH

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