DOWNTOWN NEIGHBORHOOD ASSOC OF ELGIN

EIN: 363840947 501(c)(3) Community Improvement

ELGIN, IL

Total Revenue
$250,408
Total Expenses
$288,547
Total Assets
$390,143
Net Assets
$322,348
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
IL
Principal Officer
JOY SYMONDS
Phone
8474881456
Tax Period
2025-01-01 to 2025-12-31

DOWNTOWN NEIGHBORHOOD ASSOC OF ELGIN, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $250K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $289K exceeded revenue, resulting in a 15% operating deficit.

Mission

OUR MISSION IS TO REVITALIZE, ENHANCE AND SUSTAIN ELGIN'S HISTORIC CITY CENTER.

Program Service Accomplishments

Program 1
Expenses: $232,635 Revenue: $96,828

ECONOMIC DEVELOPMENTTHE DNA ACTIVELY RECRUITS NEW BUSINESSES TO VACANT DOWNTOWN PROPERTIES. IT SUPPORTS EXISTING BUSINESSES THROUGH EDUCATION, GRANT OPPORTUNITIES AND STRATEGIC PARTNERSHIPS. IT...

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ECONOMIC DEVELOPMENTTHE DNA ACTIVELY RECRUITS NEW BUSINESSES TO VACANT DOWNTOWN PROPERTIES. IT SUPPORTS EXISTING BUSINESSES THROUGH EDUCATION, GRANT OPPORTUNITIES AND STRATEGIC PARTNERSHIPS. IT ADVOCATED FOR PRO-GROWTH CITY POLICIES AT THE ADVISEMENT OF BUSINESSES AND PROPERTY OWNERS. THESE INITIATIVES FACILITATE LONG-TERM, SUSTAINABLE AND VIBRANT BUSINESSES IN DOWNTOWN ELGIN.COMMUNITY BUILDING & COLLABORATIONTHE DNA BRINGS TOGETHER BUSINESSES, PROPERTY OWNERS, CITY OFFICIALS, COMMUNITY MEMBERS AND OTHER KEY STAKE HOLDERS TO COLLABORATE, PARTNER AND BUILD A THRIVING DOWNTOWN COMMUNITY.PERCEPTION & PROMOTIONTHE DNA WORKS WITH THE CITY AND OTHER ORGANIZATIONS TO PROMOTE ALL THAT ELGIN HAS TO OFFER. IT GETS THE WORD OUT ABOUT OUR GREAT CITY THROUGH MARKETING AND SPECIAL EVENTS. IT HELPS TO MANAGE THE IMAGE AND PERCEPTION OF DOWNTOWN ELGIN (AND BY DEFAULT THE CITY AS A WHOLE) THROUGH THE PRESS AND OTHER MEDIA OUTLETS.BEAUTIFICATION & PHYSICAL ENHANCEMENTTHE DNA IS AN ADVOCATE FOR THE PRESERVATION THE RICH HERITAGE OF DOWNTOWN ELGIN. DNA CHAMPIONS THE CITY'S CULTURAL DIVERSITY, HISTORIC ARCHITECTURE AND BEST IN CLASS URBAN DESIGN, THEREBY ENHANCING ITS ARTISTIC CHARACTER AND FORWARD THINKING IDEALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $152,376
Program Service Revenue $96,828
Investment Income $1,204
Other Revenue $0
TOTAL REVENUE $250,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,592
Fundraising Expenses $0
Program Expenses $232,635
Other Expenses $113,955
TOTAL EXPENSES $288,547

Year-over-Year Comparison

2025 2024 Change
Revenue $250,408 $278,956 -0.1%
Expenses $288,547 $266,848 +0.1%
Net Income $-38,139 $12,108 -4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
6
Volunteers
50

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN PINON PRESIDENT 4.00
Officer Director
$0 $0 $0
CHRIS DAVIS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOY SYMONDS TREASURER 2.00
Officer Director
$0 $0 $0
MARK NOVELLI SECRETARY 2.00
Officer Director
$0 $0 $0
PATRICIA WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
KERRI LIU DIRECTOR 2.00
Director
$0 $0 $0
WILBUR DUMAS DIRECTOR 2.00
Director
$0 $0 $0
TOM BROCKNER DIRECTOR 2.00
Director
$0 $0 $0
STEVE KROISS DIRECTOR 2.00
Director
$0 $0 $0
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 $250,408 $288,547 $390,143 $-38,139
2024 $278,956 $266,848 $370,407 $12,108
2023 $283,184 $294,926 $373,724 $-11,742
2022 $267,243 $257,961 $378,272 $9,282
2021 $226,826 $206,164 $365,231 $20,662
2020 $291,029 $220,392 $342,006 $70,637
2019 $211,295 $202,407 $263,524 $8,888
2018 $188,622 $191,048 $251,642 $-2,426
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