ILLINOIS COMMUNITY ACTION DEVELOPMENT CORPORATION

EIN: 371377670 501(c)(3) Housing & Shelter

SPRINGFIELD, IL

Total Revenue
$374,119
Total Expenses
$303,676
Total Assets
$942,983
Net Assets
$935,542
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IL
Principal Officer
ROGER PAVEY
Phone
2177890125
Tax Period
2024-01-01 to 2024-12-31

ILLINOIS COMMUNITY ACTION DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $374K in total revenue in fiscal year 2024. The organization ran a surplus of $70K, a strong 19% operating margin.

Mission

TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO COMMUNITY ACTION AGENCIES SO THAT THEY HAVE THE CAPACITY TO PARTICIPATE IN AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT PROJECTS IN COMMUNITIES THROUGHOUT ILLINOIS. ICADC STRENGTHENS COMMUNITIES BY ENGAGING COMMUNITY ACTION AGENCIES AND COMMUNITY LEADERS IN CREATING ADDITIONAL OPPORTUNITIES THAT FOSTER BETTER LIVING CONDITIONS, CREATE MORE JOBS, AND PROVIDE FINANCIAL OPPORTUNITIES TO FURTHER THE MISSION OF COMMUNITY ACTION.

Program Service Accomplishments

Program 1
Expenses: $287,779 Revenue: $356,467

ILLINOIS COMMUNITY ACTION DEVELOPMENT CORPORATION (ICADC) IS A NON-FOR-PROFIT ORGANIZATION WHICH WAS CREATED TO ASSIST COMMUNITY ACTION AGENCIES IN THE DEVELOPMENT OF LOW-INCOME HOUSING AND...

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ILLINOIS COMMUNITY ACTION DEVELOPMENT CORPORATION (ICADC) IS A NON-FOR-PROFIT ORGANIZATION WHICH WAS CREATED TO ASSIST COMMUNITY ACTION AGENCIES IN THE DEVELOPMENT OF LOW-INCOME HOUSING AND ADMINISTER AND OPERATE LOW-INCOME PROGRAMS. THE CORPORATION'S PURPOSE IS THE ENHANCEMENT OF THE QUALITY OF LIFE FOR LOW-INCOME INDIVIDUALS AND FAMILIES IN ILLINOIS. IN 2018, ICADC COMPLETED A TAX CREDIT HOUSING PROJECT THAT CONSISTS OF 30 HOMES IN HOOPESTON, IL. THIS PROJECT WAS DONE THROUGH A PARTNERSHIP WITH NEF. IT IS CURRENTLY IN THE IHDA COMPLIANCE PERIOD. ICADC IS THE GENERAL NFP PARTNER IN THE PROJECT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $356,467
Investment Income $17,652
Other Revenue $0
TOTAL REVENUE $374,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,925
Fundraising Expenses $0
Program Expenses $287,779
Other Expenses $280,751
TOTAL EXPENSES $303,676

Year-over-Year Comparison

2024 2023 Change
Revenue $374,119 $367,251 +0.0%
Expenses $303,676 $326,171 -0.1%
Net Income $70,443 $41,080 +0.7%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
7
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD STUBBLEFIELD CHAIR 1.00
Officer Director
$0 $0 $0
NICCOLE CLEMENTS VICE CHAIR 1.00
Officer Director
$0 $0 $0
DWIGHT FORD TREASURER 1.00
Officer Director
$0 $0 $0
DAVE MACDONNA SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN BUSHUR DIRECTOR 1.00
Director
$0 $0 $0
ANQUNETTE PARHAM DIRECTOR 1.00
Director
$0 $0 $0
DALITSO SULAMOYO DIRECTOR 1.00
Director
$0 $0 $0
BRIAN O'DELL DIRECTOR 1.00
Director
$0 $0 $0
TAMI FOLEY DIRECTOR 1.00
Director
$0 $0 $0
JESSICA BACKS DIRECTOR 1.00
Director
$0 $0 $0
ROGER PAVEY PRESIDENT AND CEO 5.00
Officer
$0 $0 $0
ANTIA HOLMGREN CFO 5.00
Officer
$0 $0 $0
STORMY UDELL COO 5.00
Officer
$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
2024 $374,119 $303,676 $942,983 $70,443
2023 $367,251 $326,171 $5,444,846 $41,080
2022 $361,330 $344,535 $5,602,390 $16,795
2021 $382,844 $364,157 $5,673,260 $18,687
2020 $302,749 $187,976 $5,816,946 $114,773
2019 $146,824 $173,816 $695,100 $-26,992
2018 $2,585 $73,479 $703,039 $-70,894
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