Form 990 for tax year 2022
Filed by ROCKFORD CORRIDOR IMPROVEMENT INC.
Totals
- Total revenue
- $133,400
- Total expenses
- $178,086
- Contributions and grants received
- $133,400
- Grants paid
- $145,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $271,954
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $271,954
- Program services expenses (Part IX)
- $174,078
- Management and general expenses
- $4,008
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $174,078
Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$133,400
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $145,000 · program services $145,000
-
11a · Fees: management
total $8,400 · program services $7,560 · management and general $840
-
11c · Fees: accounting
total $3,015 · management and general $3,015
-
23 · Insurance
total $7,990 · program services $7,990
-
24a · Other expenses: OTHER DIRECT COSTS
total $13,806 · program services $13,806
-
24b · Other expenses: MISCELLANEOUS
total $153 · management and general $153
-
24c · Other expenses: BLIGHT REDUCTION PROGRA
total -$278 · program services -$278
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $325,824 · end of year $271,954
-
10c · Land, buildings and equipment, net
beginning of year $38,543
-
25 · Other liabilities
beginning of year $47,727 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $316,640 · end of year $271,954
Mission and programs · 2022
Mission
TO REDUCE THE BURDENS WHICH NEIGHBORHOOD BLIGHT IMPOSES ON UNITS OF GOVERNMENT.
-
DEMOLITION
-
Expenses $174,078 · Grants $145,000
As filed on the 2022 return.
Listed in Part VII
-
JAMIE CASSEL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25
-
LORAYNE LOGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
FRANK WEHRSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
MAURICE WEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
JOHN HOLMSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
SHAUN MCCARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
BEN HOLMSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
JEFF POTTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
ROCKFORD AREA HABITAT FOR HUMANITY
$130,000
THIS GRANT WAS GIVEN FOR THE PURPOSE OF CLEANING UP / REFURBISHING PROPERTIES WITHIN CERTAIN AREAS OF ROCKFORD.
-
$15,000
THIS GRANT WAS GIVEN FOR THE PURPOSE OF CLEANING UP / REFURBISHING PROPERTIES WITHIN CERTAIN AREAS OF ROCKFORD.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341289349302064
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