Public Charity

ROCK ISLAND ECONOMIC GROWTH CORPORATION

ROCK ISLAND ECONOMIC GROWTH CORPORATION is a nonprofit organization categorized as Public Charity based in ROCK ISLAND, IL. Its most recent IRS filing (2024) reports revenue of $20.0M, expenses of $8.6M, total assets of $48.6M. Imperigo tracks 9 reported grant relationships connected to this organization totaling approximately $894K.

EIN: 363267851 ROCK ISLAND, IL Housing Development, Construction & Management NTEE: L20 Latest filing: 2024
Total Revenue$20.0M
Total Expenses$8.6M
Total Assets$48.6M
Grant Records9
Funding Total$894K
Filing Years2019–2024

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.

Where $100 goes at Rock Island Economic Growth Corporation

How Rock Island Economic Growth Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$91 Programs the work itself
$9 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $91 for programs

$91
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…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

DEVELOPMENT ASSOCIATION OF ROCK ISLAND
2024
SUPPORT FOR LIVE-WORK ROCK ISLAND PROGRAM
$120,000
DEVELOPMENT ASSOCIATION OF ROCK ISLAND
2023
SUPPORT FOR LIVE-WORK ROCK ISLAND PROGRAM
$120,000
DEVELOPMENT ASSOCIATION OF ROCK ISLAND
2022
SUPPORT FOR LIVE-WORK ROCK ISLAND PROGRAM
$120,000
MON VALLEY INITIATIVE
2021
HOUSING COUNSELING
$19,373
DEVELOPMENT ASSOCIATION OF ROCK ISLAND
2020
SUPPORT FOR LIVE-WORK ROCK ISLAND PROGRAM
$120,000

Showing up to 5 of 9 total records — full history available with membership.

Officers & Directors

BOARD MEMBER Alvaro Macias
BOARD MEMBER Ametra Carrol
FORMER BOARD MEMBER Amy Jones
CONSTRUCTION DIRECTOR Andrew Fisher
PRESIDENT AND CEO Brian Hollenback
DIRECTOR OF PROPERTY MANAGEMENT Carey Jorgensen

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$860,000 6 grants
Mental Health & Substance Abuse
$34,373 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $20.0M $8.6M $48.6M
2023 $4.5M $5.7M $42.7M
2022 $2.4M $5.2M $42.6M
2020 $3.7M $4.5M $30.5M
2019 $2.8M $3.6M $30.0M

Between 2019 and 2024, reported annual revenue grew from $2.8M to $20.0M (+609%), with total assets most recently reported at $48.6M.

Interactive year-over-year charts and full filing details available with membership.

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