Civic Intelligence

Elmhurst City Centre

990 • Fiscal year 2019 • EIN 36-4024095

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 14, 2020

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

81st percentile

0.37x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.26x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

42nd percentile

1.7%

Higher net margin than 42% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$60,000

Higher top officer pay than 53% of similar nonprofits.

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

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

50th percentile

5.4%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

5.6%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$553,475

Up $28,155 (+5.4%) from 2018

Net Assets

Up

$348,830

Up $13,347 (+4.0%) from 2018

Liabilities

Up

$204,645

Up $14,808 (+7.8%) from 2018

Revenue

Up

$801,388

Up $42,220 (+5.6%) from 2018

Expenses

Up

$788,041

Up $30,504 (+4.0%) from 2018

Net Income

Up

$13,347

Up $11,716 (+718%) from 2018

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

2019

Assets$553,475
Liabilities$204,645
Net Assets$348,830

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

2019

Revenue$801,388
Expenses$788,041
Net Income$13,347
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 14, 2020
Return Version
2019v5.0
Gross Receipts
$801,388
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$450,020$549,052▲ $99,032
Land, Buildings, and Equipment, Net-$4,123-
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$525,320$553,475▲ $28,155
Other Assets Total$75,000$0▼ $75,000
Liabilities
Other Liabilities$189,837$204,645▲ $14,808
Total Liabilities$189,837$204,645▲ $14,808
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$335,483$348,830▲ $13,347
Total Net Assets Fund Balance$335,483$348,830▲ $13,347
Total Liabilities and Net Assets / Fund Balance$525,320$553,475▲ $28,155

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$63,500$63,500
Other Land Buildings$4,123$15,634$19,757
Leasehold Improvements-$11,179$11,179
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom ParavolaExecutive DirectorPT$38,521$21,479$60,000

Board Members and Trustees

NameTitle
Jeff BudgellPresident
Willis JohnsonVice President
Jennifer VeremisDirector
Joseph TotaDirector
Judith BarrientosDirector
Margie FitzharrisDirector
Mike AllasDirector
Sally SotosDirector
Leo ReedySecretary
Sarah DiamondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$91,613
Program Service Revenue
$708,357
Investment Income
$1,418
Other Revenue
$0
Change in Net Assets
$13,347

Audited Revenue Reconciliation

Revenue per Audited Statements
$801,388
Total Revenue per Audited Statements
$801,388
Total Revenue per Form 990
$801,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$594,397
Salaries, Compensation, and Employee Benefits$193,644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,752$60,231-$167,983
Other Expenses$61,540$16,128-$61,540
Fees for Services Other$40,155--$40,155
Occupancy-$26,427-$26,427
Fees for Services Accounting-$15,300-$15,300
Insurance-$14,523-$14,523
Office Expenses-$14,317-$14,317
Other Employee Benefits$12,671$1,019-$13,690
All Other Expenses$483$13,005-$13,488
Payroll Taxes$7,839$4,132-$11,971
Conferences and Meetings-$4,326-$4,326
Depreciation Depletion-$825-$825
Total Functional Expenses$617,808$170,233$0$788,041

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$788,041
Total Expenses per Audited Statements$788,041
Total Expenses per Form 990$788,041
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$198,899
Payroll Liabilities$5,746
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
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
2020-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
6

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/ProgramServiceRevenueGrp/Desc1TIF RECEIPTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt167476
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GIFT CERTIFICATES PAYABLE
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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/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 CITY CENTRE
IRS990/USAddress/CityNm0ELMHURST
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060126
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IRS990/WebsiteAddressTxt0HTTP://WWW.ELMHURSTCITYCENTRE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM PARAVOLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELMHURST CITY CENTRE
ReturnHeader/Filer/BusinessNameControlTxt0ELMH
ReturnHeader/Filer/EIN0364024095
ReturnHeader/Filer/PhoneNum06309931600
ReturnHeader/Filer/USAddress/AddressLine1Txt02 CITY CENTRE
ReturnHeader/Filer/USAddress/CityNm0ELMHURST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060126
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363736640
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Smith & Cull Ltd

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