Civic Intelligence

Elmhurst City Centre

990 • Fiscal year 2020 • EIN 36-4024095

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

109 W First StreetElmhurst, IL 60126

(630) 993-1600

Siviq Scores

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

Liabilities / Assets

79th percentile

0.35x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.25x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

45th percentile

3.7%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

52nd percentile

$60,000

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

47th percentile

4.8%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

0.9%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$580,094

Up $26,619 (+4.8%) from 2019

Net Assets

Up

$378,589

Up $29,759 (+8.5%) from 2019

Liabilities

Down

$201,505

Down $3,140 (-1.5%) from 2019

Revenue

Up

$808,471

Up $7,083 (+0.9%) from 2019

Expenses

Down

$778,712

Down $9,329 (-1.2%) from 2019

Net Income

Up

$29,759

Up $16,412 (+123%) from 2019

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

2020

Assets$580,094
Liabilities$201,505
Net Assets$378,589

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

2020

Revenue$808,471
Expenses$778,712
Net Income$29,759
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$808,471
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$549,052$564,045▲ $14,993
Land, Buildings, and Equipment, Net$4,123$15,749▲ $11,626
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$553,475$580,094▲ $26,619
Other Assets Total-$0-
Liabilities
Other Liabilities$204,645$201,505▼ $3,140
Total Liabilities$204,645$201,505▼ $3,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$348,830$378,589▲ $29,759
Total Net Assets Fund Balance$348,830$378,589▲ $29,759
Total Liabilities and Net Assets / Fund Balance$553,475$580,094▲ $26,619

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,257$32,415$33,672
Other Land Buildings$5,883$14,271$20,154
Leasehold Improvements$8,609$48$8,657
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom ParavolaExecutive DirectorPT$41,454$18,546$60,000

Board Members and Trustees

NameTitle
Jeff BudgellPresident
Willis JohnsonVice President
Judith BarrientosDirector
Leo ReedyDirector
Margie FitzharrisDirector
Megan GavinDirector
Sally SotosDirector
Sarah DiamondDirector
Mike AllasSecretary
Darrin RedingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$64,929
Program Service Revenue
$742,642
Investment Income
$900
Other Revenue
$0
Change in Net Assets
$29,759

Audited Revenue Reconciliation

Revenue per Audited Statements
$808,471
Total Revenue per Audited Statements
$808,471
Total Revenue per Form 990
$808,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$604,242
Salaries, Compensation, and Employee Benefits$174,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$78,678$14,409-$93,087
Fees for Services Other$71,662--$71,662
Current Officers, Directors, Trustees, and Key Employees$29,827$29,827-$59,654
Other Expenses$54,463$2,701-$54,463
Occupancy-$28,917-$28,917
All Other Expenses$4,330$22,526-$26,856
Fees for Services Accounting-$15,226-$15,226
Other Employee Benefits$10,049$997-$11,046
Payroll Taxes$7,708$2,975-$10,683
Insurance-$9,942-$9,942
Information Technology-$7,933-$7,933
Office Expenses-$2,852-$2,852
Depreciation Depletion-$1,367-$1,367
Total Functional Expenses$639,040$139,672$0$778,712

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$778,712
Total Expenses per Audited Statements$778,712
Total Expenses per Form 990$778,712
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$196,499
Payroll Liabilities$5,006
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
109 W FIRST STREET, ELMHURST, IL 60126

Signing Officer

Name
Tom Paravola
Title
Executive Director
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

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

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/ProgramServicesAmt1108352
IRS990/OtherExpensesGrp/ProgramServicesAmt279813
IRS990/OtherExpensesGrp/ProgramServicesAmt354463
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt078678
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IRS990/ProgramServiceRevenueGrp/Desc0SSA TAX RECEIPTS
IRS990/ProgramServiceRevenueGrp/Desc1TIF RECEIPTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt194718
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0647924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt194718
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/PYContributionsGrantsAmt091613
IRS990/PYInvestmentIncomeAmt01418
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IRS990/PYProgramServiceRevenueAmt0708357
IRS990/PYRevenuesLessExpensesAmt013347
IRS990/PYSalariesCompEmpBnftPaidAmt0193644
IRS990/PYTotalExpensesAmt0788041
IRS990/PYTotalRevenueAmt0801388
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt032415
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033672
IRS990ScheduleD/ExpensesSubtotalAmt0778712
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08609
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt048
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08657
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05883
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014271
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0196499
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GIFT CERTIFICATES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0808471
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015749
IRS990ScheduleD/TotalExpensesPerForm990Amt0778712
IRS990ScheduleD/TotalLiabilityAmt0201505
IRS990ScheduleD/TotalRevenuePerForm990Amt0808471
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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/TotalFunctionalExpensesGrp/ProgramServicesAmt0639040
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0204645
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IRS990/TotalOtherCompensationAmt018546
IRS990/TotalProgramServiceRevenueAmt0742642
IRS990/TotalReportableCompFromOrgAmt041454
IRS990/TotalRevenueGrp/ExclusionAmt0900
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0742642
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0808471
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0553475
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 W FIRST STREET
IRS990/USAddress/CityNm0ELMHURST
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060126
IRS990/VotingMembersGoverningBodyCnt010
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IRS990/WebsiteAddressTxt0HTTP://WWW.ELMHURSTCITYCENTRE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM PARAVOLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director

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