ROCK ISLAND COUNTY HOUSING FINANCE CORP

EIN: 274689832 501(c)(3) Housing & Shelter

EAST MOLINE, IL

Total Revenue
$2,760,391
Total Expenses
$2,662,564
Total Assets
$17,487,203
Net Assets
$1,502,498
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IL
Principal Officer
AMY CLARK
Phone
3097554527
Tax Period
2023-04-01 to 2024-03-31

ROCK ISLAND COUNTY HOUSING FINANCE CORP, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.7M left a modest 4% surplus.

Mission

COMMUNITY BASED ORGANIZATION DEVELOPED TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR LOW INCOME PERSONS AND FAMILIES IN ROCK ISLAND COUNTY, IL.

Program Service Accomplishments

Program 1
Expenses: $2,662,564 Revenue: $1,896,766

PROVIDE HOUSING FOR LOW INCOME PERSONS AND FAMILIES THROUGH OWNERSHIP OF AFFORDABLE HOUSING APARTMENT COMPLEXES IN THE ROCK ISLAND COUNTY AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $800,530
Program Service Revenue $1,896,766
Investment Income $63,095
Other Revenue $0
TOTAL REVENUE $2,760,391

Expense Breakdown

Grants Paid $0
Salaries & Benefits $134,278
Fundraising Expenses $0
Program Expenses $2,662,564
Other Expenses $2,528,286
TOTAL EXPENSES $2,662,564

Year-over-Year Comparison

2023 2022 Change
Revenue $2,760,391 $3,378,270 -0.2%
Expenses $2,662,564 $2,869,230 -0.1%
Net Income $97,827 $509,040 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$207,905
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WELLING PRESIDENT 2.00
Officer Director
$0 $0 $0
REBECCA MCREYNOLDS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
THOMAS MEYER DIRECTOR 1.00
Director
$0 $0 $0
KEVIN HALLIGAN DIRECTOR 1.00
Director
$0 $0 $0
MARY FUHR DIRECTOR 1.00
Director
$0 $0 $0
KATIE KING DIRECTOR 1.00
Director
$0 $0 $0
RICHARD BRUNK DIRECTOR 1.00
Director
$0 $0 $0
AMY CLARK EXECUTIVE DIRECTOR 50.00
Officer
$0 $30,525 $207,905
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,760,391 $2,662,564 $17,487,203 $97,827
2023 $3,378,270 $2,869,230 $17,211,675 $509,040
2022 $2,397,549 $1,951,516 $14,516,838 $446,033
2021 $1,965,763 $1,508,528 $11,670,859 $457,235
2020 $2,061,688 $138,559 $2,313,807 $1,923,129
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