Mission
ADMINISTER SBA 504 LOAN PROGRAM AND OTHER ECONOMIC DEVELOPMENT ACTIVITIES IN ILLINOIS, FOUR COUNTIES IN INDIANA, AND TWO COUNTIES IN WISCONSIN.
Public Charity
SOMERCOR 504 INC
SOMERCOR 504 INC is a Public Charity headquartered in CHICAGO, IL. Financial data from the 2024 filing: $7.0M revenue, $6.9M expenses, $5.0M total assets. 1 publicly reported grants to this organization, totaling roughly $250K, appear in IRS filings.
EIN: 363837330
CHICAGO, IL
Latest filing: 2024
Total Revenue$7.0M
Total Expenses$6.9M
Total Assets$5.0M
Grant Records1
Funding Total$250K
Filing Years2020–2024
Sample Grants Received
General support for programs, operations and other charitable purposes
$250,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
VP MARKETING & COMMUNICATIONS
Amber Smith
DIRECTOR
Brian Burke
FORMER EVP & CLO (THRU 9/23)
Brian Comiskey
SENIOR VICE PRESIDENT
Darin Gehrke
EXECUTIVE VICE PRESIDENT
David Sommers
DIRECTOR
Dean Avdalas
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $7.0M | $6.9M | $5.0M |
| 2023 | $7.0M | $6.4M | $4.6M |
| 2022 | $6.8M | $6.5M | $3.4M |
| 2021 | $5.5M | $5.3M | $3.0M |
| 2020 | $11.9M | $11.3M | $4.7M |
Between 2020 and 2024, reported annual revenue declined from $11.9M to $7.0M (-41%), with total assets most recently reported at $5.0M.
Interactive year-over-year charts and full filing details available with membership.