Civic Intelligence

Elmhurst City Centre

990 • Fiscal year 2023 • EIN 36-4024095

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

0.31x

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

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.18x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

35th percentile

-1.8%

Higher net margin than 35% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

56th percentile

$60,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

15th percentile

-12%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-8.3%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$514,948

Down $73,401 (-12%) from 2022

Net Assets

Down

$354,051

Down $15,947 (-4.3%) from 2022

Liabilities

Down

$160,897

Down $57,454 (-26%) from 2022

Revenue

Down

$885,998

Down $80,154 (-8.3%) from 2022

Expenses

Up

$901,945

Up $7,989 (+0.9%) from 2022

Net Income

Down

-$15,947

Down $88,143 (-122%) from 2022

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

2023

Assets$514,948
Liabilities$160,897
Net Assets$354,051

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

2023

Revenue$885,998
Expenses$901,945
Net Income-$15,947
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$885,998
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$574,772$504,091▼ $70,681
Land, Buildings, and Equipment, Net$13,337$10,617▼ $2,720
Cash and Non-Interest-Bearing Accounts$240$240→ $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$588,349$514,948▼ $73,401
Other Assets Total-$0-
Liabilities
Other Liabilities$213,993$160,897▼ $53,096
Accounts Payable and Accrued Expenses$4,358--
Total Liabilities$218,351$160,897▼ $57,454
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$369,998$354,051▼ $15,947
Total Net Assets Fund Balance$369,998$354,051▼ $15,947
Total Liabilities and Net Assets / Fund Balance$588,349$514,948▼ $73,401

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$333$33,339$33,672
Other Land Buildings$2,069$19,333$21,402
Leasehold Improvements$8,215$2,067$10,282
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom ParavolaExecutive DirectorPT$33,494$26,506$60,000

Board Members and Trustees

NameTitle
Jeff BudgellPresident
Darrin RedingerVice President
Janice SpataroDirector
Jennifer BlanchetteDirector
Judith BarrientosDirector
Leo ReedyDirector
Margie FitzharrisDirector
Sarah DiamondDirector
Mike AllasSecretary
Scott LewandowskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,567
Program Service Revenue
$830,170
Investment Income
$1,261
Other Revenue
$0
Change in Net Assets
$-15,947

Audited Revenue Reconciliation

Revenue per Audited Statements
$885,998
Total Revenue per Audited Statements
$885,998
Total Revenue per Form 990
$885,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$663,773
Salaries, Compensation, and Employee Benefits$238,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$114,579$42,009-$156,588
Current Officers, Directors, Trustees, and Key Employees$30,000$30,000-$60,000
All Other Expenses$9,524$28,431-$37,955
Other Expenses$35,305$2,276-$35,305
Fees for Services Other$34,290--$34,290
Occupancy-$29,392-$29,392
Fees for Services Accounting-$16,700-$16,700
Payroll Taxes$11,412$4,278-$15,690
Insurance-$12,562-$12,562
Information Technology-$7,513-$7,513
Other Employee Benefits$3,401$2,493-$5,894
Depreciation Depletion-$2,720-$2,720
Total Functional Expenses$723,571$178,374$0$901,945

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$901,945
Total Expenses per Audited Statements$901,945
Total Expenses per Form 990$901,945
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$154,225
Payroll Liabilities$6,670
Rounding$2
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
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, Section B, Line 11B

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

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

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

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

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

Form 990, Part VI, Section C, Line 19

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
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
6
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/Desc1ENVIRONMENTAL ENHANCEMENTS
IRS990/OtherExpensesGrp/Desc2SNOW REMOVAL
IRS990/OtherExpensesGrp/Desc3SEASONAL DECORATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02276
IRS990/OtherExpensesGrp/ProgramServicesAmt0346609
IRS990/OtherExpensesGrp/ProgramServicesAmt177371
IRS990/OtherExpensesGrp/ProgramServicesAmt261080
IRS990/OtherExpensesGrp/ProgramServicesAmt335305
IRS990/OtherExpensesGrp/TotalAmt0348885
IRS990/OtherExpensesGrp/TotalAmt177371
IRS990/OtherExpensesGrp/TotalAmt261080
IRS990/OtherExpensesGrp/TotalAmt335305
IRS990/OtherLiabilitiesGrp/BOYAmt0213993
IRS990/OtherLiabilitiesGrp/EOYAmt0160897
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042009
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0114579
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156588
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04278
IRS990/PayrollTaxesGrp/ProgramServicesAmt011412
IRS990/PayrollTaxesGrp/TotalAmt015690
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SSA TAX RECEIPTS
IRS990/ProgramServiceRevenueGrp/Desc1TIF RECEIPTS
IRS990/ProgramServiceRevenueGrp/Desc2UNREDEEMED GIFT CARDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0766753
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113417
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt250000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0766753
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0139916
IRS990/PYInvestmentIncomeAmt0752
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0695597
IRS990/PYProgramServiceRevenueAmt0825484
IRS990/PYRevenuesLessExpensesAmt072196
IRS990/PYSalariesCompEmpBnftPaidAmt0198359
IRS990/PYTotalExpensesAmt0893956
IRS990/PYTotalRevenueAmt0966152
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-15947
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0574772
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0504091
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0333
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033339
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033672
IRS990ScheduleD/ExpensesSubtotalAmt0901945
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08215
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02067
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010282
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02069
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019333
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021402
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0154225
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GIFT CERTIFICATES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
IRS990ScheduleD/RevenueSubtotalAmt0885998
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010617
IRS990ScheduleD/TotalExpensesPerForm990Amt0901945
IRS990ScheduleD/TotalLiabilityAmt0160897
IRS990ScheduleD/TotalRevenuePerForm990Amt0885998
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0885998
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0901945
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0588349
IRS990/TotalAssetsEOYAmt0514948
IRS990/TotalAssetsGrp/BOYAmt0588349
IRS990/TotalAssetsGrp/EOYAmt0514948
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt054567
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0178374
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0723571
IRS990/TotalFunctionalExpensesGrp/TotalAmt0901945
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0218351
IRS990/TotalLiabilitiesEOYAmt0160897
IRS990/TotalLiabilitiesGrp/BOYAmt0218351
IRS990/TotalLiabilitiesGrp/EOYAmt0160897
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0369998
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0354051
IRS990/TotalOtherCompensationAmt026506
IRS990/TotalProgramServiceExpensesAmt0723571
IRS990/TotalProgramServiceRevenueAmt0830170
IRS990/TotalReportableCompFromOrgAmt033494
IRS990/TotalRevenueGrp/ExclusionAmt01261
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0830170
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0885998
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0588349
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0514948
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 W FIRST STREET
IRS990/USAddress/CityNm0ELMHURST
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060126
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0HTTP://WWW.ELMHURSTCITYCENTRE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM PARAVOLA

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