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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Illinois.
- Base
- $154k
- Bonus
- —
- Other
- $618
- Benefits
- $11k
- Base
- $112k
- Bonus
- —
- Other
- $368
- Benefits
- $13k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Financial Officer 75th to 90th percentile | $154k | — | $618 | $11k | $174k |
President and CEO Median to 75th percentile | $112k | — | $368 | $13k | $148k |
Construction Director Highest Compensated Employee Median to 75th percentile | — | — | — | — | $126k |
Director of Property Management Highest Compensated Employee 25th percentile to median | — | — | — | — | $117k |
Vice President Board Vice President Median to 75th percentilevs Housing & Shelter peers nationwide | — | — | — | — | $107k |
Plus 16 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at Rock Island Economic Growth Corporation equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 2%
from 2023
From $170k in 2023 to $174k in 2024.
Chief Financial Officer pay rose 2% from 2023 to 2024, while revenue rose 342%.
- Chief Executive Officer pay rose 9% from 2023 to 2024.
- Highest Compensated Employee pay rose 10% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Rock Island Economic Growth Corporation
What does the Chief Financial Officer of Rock Island Economic Growth Corporation earn?
In 2024, the Chief Financial Officer of Rock Island Economic Growth Corporation received $173,790 in total compensation. This pay is in the top quarter for Chief Financial Officer roles among Housing & Shelter organizations in Illinois, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Financial Officer pay at Rock Island Economic Growth Corporation compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Illinois, the 2024 pay of the Chief Financial Officer at Rock Island Economic Growth Corporation falls between the 75th and 90th percentiles. In 2024, the highest total compensation at Rock Island Economic Growth Corporation equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are Rock Island Economic Growth Corporation's revenue and expenses?
In 2024, Rock Island Economic Growth Corporation reported $20M in total revenue and $8.6M in total expenses on its IRS Form 990.
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