Cause IQ organization profile

Illinois Ventures for Community Action

Form 990s | Financials | Vendors | Personnel | Peers

Illinois Ventures for Community Action is a community development corporation based in Springfield, IL that was founded in 1989. As of 2018 they had $518,133 in revenue and $8.6 million in assets.

Administers federal CSBG low-interest loan program and equity investments to provide job creation. Ivca acts as an intermediary between Illinois community action agencies and the il dept of commerce and economic opportunity in administering the opera...

EIN:

37-1245401

City:

Springfield

State:

Illinois

Founded:

1989

Type:

501(c)(3)

NTEE:

S20: Community development corporations

Revenue:

$518,133

Assets:

$8,689,938

Employees:

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Illinois Ventures for Community Action

Fiscal year ending	Date received by IRS	Form	PDF link
2017-12	Aug 7, 2018	990	View PDF
2016-12	Jun 20, 2017	990	View PDF
2015-12	Jun 17, 2016	990	View PDF
2014-12	Jun 8, 2015	990	View PDF
2013-12	May 14, 2014	990	View PDF
...and three more Form 990 PDFs

Financials for Illinois Ventures for Community Action

Field	2015
Federated campaigns	$0
Membership dues	$3,700
Fundraising event contributions	$0
Related organizations	$0
Government grants (contributions)	$418,081
Normal grants, contributions, etc.	$0
<em>Non-cash contributions included in above</em>	$0
Total grants, contributions, etc.	$421,781

Field	2017	2016	% Change
Total grants, contributions, etc.	$152,074	$284,057	-46.5%
Program services	$300,350	$224,434	33.8%
Investment income and dividends	$15,259	$15,043	1.4%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$46,200	$46,200
Net gain from sale of non-inventory assets	$0	$1,421	-100%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$4,250	$0	999%
Total revenues	$518,133	$571,155	-9.3%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$180,485	$195,590	-7.7%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$113,845	$89,543	27.1%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$32,515	$45,471	-28.5%
Payroll taxes	$20,001	$20,026	-0.1%
Management fees	$0	$0
Legal fees	$20,140	$138	14494.2%
Accounting fees	$29,350	$30,541	-3.9%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$11,307	$11,307
Advertising and promotion	$1,200	$850	41.2%
Office expenses	$0	$0
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$34,279	$34,366	-0.3%
Travel	$2,124	$2,042	4.0%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$2,658	$2,599	2.3%
Interest	$11,582	$11,730	-1.3%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$11,100	$15,335	-27.6%
Insurance	$5,286	$5,658	-6.6%
All other expenses	$37,157	$37,188	-0.1%
Total expenses	$513,029	$502,384	2.1%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$2,766,909	$2,468,816	12.1%
Pledges and grants receivable	$55,830	$0	999%
Accounts receivable	$42,000	$28,000	50%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$1,758,102	$2,272,633	-22.6%
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Buildings, equipment, etc. post-depreciation	$362,772	$373,872	-3.0%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$3,662,549	$4,086,860	-10.4%
Intangible assets	$0	$0
Other assets	$41,776	$59,866	-30.2%
Total assets	$8,689,938	$9,290,047	-6.5%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$28,089	$33,146	-15.3%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$264,814	$281,470	-5.9%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$292,903	$314,616	-6.9%

Field	2017	2016	% Change
Unrestricted net assets	$3,536,841	$4,008,592	-11.8%
Temporarily restricted net assets	$4,860,194	$4,966,839	-2.1%
Permanently restricted net assets	$0	$0

Vendors for Illinois Ventures for Community Action

Vendor	Services	Amount paid	Date
Kerber Eck and Braeckel LLP	Audit accounting		2019-04-08

Personnel at Illinois Ventures for Community Action

Name	Title	Compensation	Most recent data
John Farrell	Chief Executive Officer / Chief Financial Officer	-	April 11, 2019

Peer community development corporations

	Name	Type	Revenue	Location
1	North River Commission	501(c)(3)	$1.3 million	Chicago, IL
2	St Edmund's Redevelopment Corporation	501(c)(3)	$1.7 million	Chicago, IL
3	TARGET Area Development Corporation (TADC)	501(c)(3)	$2.0 million	Chicago, IL
4	Near West Side Community Development Corporation (NWSCDC)	501(c)(3)	$2.2 million	Chicago, IL
5	Berwyn Development Corporation	501(c)(3)	$1.3 million	Berwyn, IL
6	Columbus Avenue District Management Association	501(c)(3)	$409,372	New York, NY
7	Main Street Morgantown	501(c)(3)	$166,723	Morgantown, WV
8	Warren Redevelopment and Planning Corporation	501(c)(3)	$174,880	Warren, OH
9	Historic Downtown Chelan Association	501(c)(3)	$212,580	Chelan, WA
10	The Downtownwaterfront Business Improvement Dist of Yonkers Ny	501(c)(3)	$731,475	Yonkers, NY
11	Greater Indianapolis Progress Committee	501(c)(3)	$303,959	Indianapolis, IN
12	Northeast Hawley Development Association (NEHDA)	501(c)(3)	$221,427	Syracuse, NY
13	Community Development Finance	501(c)(3)	$174,044	Oakland, CA
14	Net Positive	501(c)(3)	$210,513	Buffalo, NY
15	Southeast Arkansas Regional Planning Commission	501(c)(3)	$229,662	Pine Bluff, AR
16	Center City of Amarillo	501(c)(3)	$348,610	Amarillo, TX
17	Phoenix Community Alliance	501(c)(3)	$267,572	Phoenix, AZ
18	Tiwa Lending Services	501(c)(3)	$712,672	Isleta, NM
19	Green Lake Renewal	501(c)(3)	$287,537	Green Lake, WI
20	Muncie Downtown Dev Partnership	501(c)(3)	$378,322	Muncie, IN
21	Cooperative Development Institute	501(c)(3)	$2.3 million	Northampton, MA
22	Bainbridge Island Downtown Association	501(c)(3)	$266,596	Bainbridge Island, WA
23	Woodside on the Move	501(c)(3)	$2.2 million	Woodside, NY
24	The Lower Polk Community Benefit District	501(c)(3)	$1.1 million	San Francisco, CA
25	New Haven Preservation Trust Incorporated	501(c)(3)	$169,115	New Haven, CT

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Cause IQ organization profile

Illinois Ventures for Community Action

Form 990s for Illinois Ventures for Community Action

Financials for Illinois Ventures for Community Action

Vendors for Illinois Ventures for Community Action

Personnel at Illinois Ventures for Community Action

Peer community development corporations

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