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ROCK ISLAND ECONOMIC GROWTH CORPORATION

EIN 36-3267851 MILAN, IL

Revenue 2024
$19,970,238
Expenses 2024
$8,599,521

Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L20
Classification
1000
Street
371 3RD ST W

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

THE MISSION OF ROCK ISLAND ECONOMIC GROWTH CORPORATION IS TO RENOVATE AND BUILD NEW SINGLE FAMILY OR MULTI-FAMILY HOUSING IN THE MIDWEST REGION; TO FOSTER LOW-INCOME HOUSING THAT: ENHANCES THE OVERALL IMAGE AND ECONOMIC VITALITY OF THE REGION; IMPROVES HOUSING MARKET DYNAMICS IN THE REGION, ESPECIALLY IN ITS OLDER, BLIGHTED NEIGHBORHOODS; ENCOURAGES HOME OWNERSHIP; IS COMMITTED TO DEVELOPING AFFORDABLE HOUSING; PROMOTES BUILDING CONSTRUCTION AND MAINTENANCE, TRAINING OF HOMEBUYERS AND NEIGHBORHOOD RESIDENTS.

Activities or mission (Part I)

TO REVITALIZE AND STABILIZE THE ECONOMY AND RESIDENTIAL NEIGHBORHOODS IN THE MIDWEST REGION.

  • ROCK ISLAND ECONOMIC GROWTH CORPORATION STABILIZES AND REHABILITATES RESIDENTIAL NEIGHBORHOODS IN THE MIDWEST REGION BY DEVELOPING HOUSING, MANAGING HOUSING AND PROVIDING ASSISTANCE TO HOMEBUYERS INCLUDING, BUT NOT LIMITED TO, HOMEBUYER AND HOMEOWNER EDUCATION, CLOSING COST AND DOWN PAYMENT ASSISTANCE, REHABILITATION COST ASSISTANCE AND FORECLOSURE PREVENTION.

    Expenses $8,141,969 · Grants $3,059,336 · Revenue $2,889,957

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Ametra Carrol

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Damita Davis-Wren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ryan Hatten

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Denise Isaac

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Amy Jones

    FORMER BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Alvaro Macias

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Loredia Nunn-Dixon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Steve Ollenburg

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1
  • Lindsey Ramos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Stella Schneekloth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jane Schneider

    TREASURER/PAST CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1
  • Phyllis Schwindt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Shelley Sheehy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kathy Springer

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1
  • Darryl Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Shelly Tucciarelli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brian Hollenback

    PRESIDENT AND CEO

    Total calculated
    $481,453
    From this org
    $112,798
    From related orgs
    $333,083
    Other
    $35,572
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,430 + $154,735 related
    Bonus
    $0 + $178,000 related
    Other
    $368 + $348 related
    Deferred
    $4,926 + $4,668 related
    Nontaxable benefits
    $13,339 + $12,639 related
    Filer's total
    $131,063 + $350,390 related
  • Cynthia Berg

    CHIEF FINANCIAL OFFICER

    Total calculated
    $224,206
    From this org
    $154,629
    From related orgs
    $50,416
    Other
    $19,161
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,011 + $38,292 related
    Bonus
    $0 + $12,000 related
    Other
    $618 + $124 related
    Deferred
    $4,982 + $1,005 related
    Nontaxable benefits
    $10,964 + $2,210 related
    Filer's total
    $170,575 + $53,631 related
  • Carey Jorgensen

    DIRECTOR OF PROPERTY MANAGEMENT

    Total calculated
    $116,966
    From this org
    $101,579
    From related orgs
    $0
    Other
    $15,387
    Hours/week
    40
  • Elizabeth Payne

    VICE PRESIDENT

    Total calculated
    $122,721
    From this org
    $103,330
    From related orgs
    $15,494
    Other
    $3,897
    Hours/week
    40
  • Andrew Fisher

    CONSTRUCTION DIRECTOR

    Total calculated
    $125,988
    From this org
    $113,392
    From related orgs
    $0
    Other
    $12,596
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $19,970,238
    Expenses
    $8,599,521
    Contributions
    $11,369,461
    Grants paid
    $3,059,336
  • 2023
    Revenue
    $4,521,470
    Expenses
    $5,707,859
    Contributions
    $1,730,909
    Grants paid
    $24,802
  • 2022
    Revenue
    $2,442,309
    Expenses
    $5,200,710
    Contributions
    $1,567,993
    Grants paid
    $44,524

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $2,050,446
    Expenses
    $4,795,222
    Assets (EOY)
    $40,516,929
  • 2020 · 990

    Revenue
    $3,732,413
    Expenses
    $4,478,931
    Assets (EOY)
    $30,458,325
  • 2019 · 990

    Revenue
    $2,817,955
    Expenses
    $3,577,972
    Assets (EOY)
    $30,020,623
  • 2018 · 990

    Revenue
    $13,825,139
    Expenses
    $3,761,098
    Assets (EOY)
    $31,046,046
  • 2017 · 990

    Revenue
    $3,620,328
    Expenses
    $3,295,095
    Assets (EOY)
    $19,467,135
  • 2016 · 990

    Revenue
    $2,735,346
    Expenses
    $3,578,433
    Assets (EOY)
    $16,937,795
  • 2015 · 990

    Revenue
    $5,455,979
    Expenses
    $6,262,605
    Assets (EOY)
    $15,547,764
  • 2014 · 990

    Revenue
    $5,652,597
    Expenses
    $4,600,781
    Assets (EOY)
    $14,971,681
  • 2013 · 990

    Revenue
    $6,084,140
    Expenses
    $4,688,272
    Assets (EOY)
    $11,826,716
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $6,275,771
    Assets (EOY)
    $9,674,520

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • COATSWORTH APARTMENTS LLC

    RENTAL REAL ESTATE · IL · income -$40,911 · assets $1,405,238

  • ECONOMIC GROWTH MASTER TENANT MM LLC

    RENTAL REAL ESTATE · IL · income -$70,614 · assets -$65,842

  • ECONOMIC GROWTH SPRINGFIELD LLC

    RENTAL REAL ESTATE · IL · income -$25,546 · assets -$72,612

  • GOLDMAN FAMILY BLOCK LLC

    RENTAL REAL ESTATE · IL · income -$3,002 · assets $14,252

  • GROWTH GENERAL CONTRACTING LLC

    CONSTRUCTION AND GENERAL CONTRACTING SERVICES · IL · income -$67,951 · assets $223,063

  • GROWTH GENTRY GP MEMBER LLC

    RENTAL REAL ESTATE · IL · income -$34,369 · assets $0

  • HOME BASE PROPERTY MANAGEMENT LLC

    PROPERTY MANAGEMENT · IL · income $25,450 · assets $451,964

  • JACKSON SQUARE LOFTS LLC

    RENTAL REAL ESTATE · IL · income -$59,716 · assets $1,342,704

  • SALA FLATS GP LLC

    RENTAL REAL ESTATE · IL · income -$446 · assets -$15,397

  • SALA FLATS LIMITED PARTNERSHIP LLC

    RENTAL REAL ESTATE · IL · income -$445,260 · assets -$1,524,305

  • SHIMER SQUARE GP LLC

    RENTAL REAL ESTATE · IL · income $0 · assets $600

  • SHIMER SQUARE I LP

    RENTAL REAL ESTATE · IL · income $0 · assets $600

  • STAR BLOCK LOFTS LLC

    RENTAL REAL ESTATE · IL · income -$55,538 · assets $625,552

  • THE GARDEN DISTRICT LLC

    RENTAL REAL ESTATE · IL · income $15,351 · assets $0

  • THE LOCKS AT ROCK ISLAND LLC

    RENTAL REAL ESTATE · IL · income -$233,543 · assets $4,635,147

  • SALA FLATS LP

    RENTAL REAL ESTATE · IL · income -$445,706 · assets $3,155,940

  • RENAISSANCE GOLD LP

    RENTAL REAL ESTATE · IL · income -$241,798 · assets $2,947,076

  • REN GOLD GP LLC

    RENTAL REAL ESTATE · IL · income -$242 · assets -$15,520

  • REN GOLD LP LLC

    RENTAL REAL ESTATE · IL · income -$241,556 · assets -$1,536,515

  • MAKERS ON FIFTH LLC

    RENTAL REAL ESTATE · IA · income -$111,147 · assets $57,316

  • SHIMER SQUARE NC LLC

    RENTAL REAL ESTATE · IL · income $0 · assets $0

  • SHIMER SQUARE RESOURCE CENTER LLC

    RENTAL REAL ESTATE · IL · income $0 · assets $0

Related partnerships on its 2024 return

  • LAWRENCE LOFTS LP

    RENTAL REAL ESTATE · IL · general or managing partner

  • SPRINGFIELD URBAN REDEVELOPMENT LLC

    RENTAL REAL ESTATE · IL · general or managing partner

  • SPUR MASTER TENANT LLC

    RENTAL REAL ESTATE · IL · general or managing partner

  • ORCHARDS OF GENTRY GP LLC

    RENTAL REAL ESTATE · AR · general or managing partner

  • THE ORCHARDS OF GENTRY I LP

    RENTAL REAL ESTATE · AR · general or managing partner

  • WILSON LOFTS LP

    RENTAL REAL ESTATE · IA · general or managing partner

  • WILSON QALICB LLC

    RENTAL REAL ESTATE · IA · general or managing partner

  • WILSON LOFTS TENANT LLC

    RENTAL REAL ESTATE · IA · general or managing partner

  • SHIMER PHASE 2 LP

    RENTAL REAL ESTATE · IL · general or managing partner

Related corporations and trusts on its 2024 return

  • ROCK ISLAND ECONOMIC GROWTH PLUS

    C · REAL ESTATE · IL · 100% owned · share of income -$1,580 · share of assets $1,552 · controlled entity

  • CENTRAL STATES DEVELOPMENT PARTNERS INC

    C · COMMUNITY DEVELOPMENT · IL · 100% owned · share of income $609,644 · share of assets $991,181 · controlled entity

  • LAWRENCE LOFTS GP LLC

    C · REAL ESTATE · IL · 100% owned · share of income -$22 · share of assets $662,077 · controlled entity

  • WILSON LOFTS GP LLC

    C · REAL ESTATE · IA · 100% owned · share of income -$36,944 · share of assets $8,214 · controlled entity

  • SHIMER PHASE 2 GP LLC

    C · REAL ESTATE · IL · 100% owned · share of income -$44 · share of assets $35 · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.