Rock Island Economic Growth Corporation
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.
Rock Island Economic Growth Corporation at a glance
In short: Rock Island Economic Growth Corporation gave $3.0M across 2 grants in 2024 (avg $1.5M), mostly in Illinois. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $3,046,510
- Grants made (2024)
- 2
- Average grant
- $1,523,255
- Median grant
- $1,523,255
- Total assets
- $48,614,036
- +13.8% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Rock Island Economic Growth Corporation
Open Grants
3 open opportunities from Rock Island Economic Growth Corporation
Illinois Court-Based Rental Assistance Program (CBRAP)
Rock Island Economic Growth Corporation
Amount
Up to $25,000
Deadline
Deadline not published
Illinois Homeowner Assistance Fund (ILHAF)
Rock Island Economic Growth Corporation
Amount
Varies
Deadline
Deadline not published
Moline Downpayment Housing Program
Rock Island Economic Growth Corporation
Amount
Up to 3-5% of home purchase price + up to $1,500 closing costs
Deadline
Rolling (quarterly review)
Who Rock Island Economic Growth Corporation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Bridge Investment Community Development Corporation ($3.0M). Together the top 2 received $3.0M.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 2 grants totaling $3.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bridge Investment Community Development Corporation Rock Island, IL | Development of Affordable Housing at Shimer Square | $2,996,510 |
| Living Lands & Waters East Moline, IL | Support for educational workshops at the Mississippi river institute | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $48,614,036 | $19,970,238 | $8,599,521 | $3,046,510 | 2 | $529,324 |
| 2023 | $42,717,661 | $4,521,470 | $5,707,859 | — | — | $109,400 |
| 2022 | $42,645,585 | $2,442,309 | $5,200,710 | — | — | $-1,658,837 |
| 2021 | $40,516,929 | $2,050,446 | $4,795,222 | — | — | $-1,415,275 |
| 2020 | $30,458,325 | $3,732,413 | $4,478,931 | — | — | $135,822 |
About Rock Island Economic Growth Corporation
Based on IRS filings
Rock Island Economic Growth Corporation is a public charity focused on Housing & Shelter, based in Rock Island, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $48.6M in total assets. In 2024, it awarded 2 grants totaling $3.0M. Net investment income was $529K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Rock Island Economic Growth Corporation is led by Brian Hollenback, President & CEO on every filing since 2020; 5 of 21 officers listed in 2024 are compensated.
Officers on the 2024 filing
Brian Hollenback
President & CEO
On filings since 2020
40 hrs/week
$112K (2020) → $113K (2024)
Kathy Springer
Chairperson
Board Member → Vice Chairperson, 2021
Vice Chairperson → Chairperson, 2023
On filings since 2020
1 hr/week
No compensation reported
Andrew Fisher
Construction Director
On filings since 2023
40 hrs/week
$101K (2023) → $113K (2024)
Carey Jorgensen
Director of Property Management
New on the 2024 filing
40 hrs/week
$102K (2024)
Cynthia Berg
Chief Financial Officer
On filings since 2020
40 hrs/week
$112K (2020) → $155K (2024)
Elizabeth Payne
Vice President
On filings since 2023
40 hrs/week
$101K (2023) → $103K (2024)
Alvaro Macias
Board Member
On filings since 2020
1 hr/week
No compensation reported
Amy Jones
Former Board Member
Board Member → Former Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Damita Davis-Wren
Board Member
On filings since 2020
1 hr/week
No compensation reported
Darryl Thompson
Board Member
Board Member → Former Board Member, 2023
Former Board Member → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Denise Isaac
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jane Schneider
Treasurer & Past Chairperson
Vice Chairperson → Chairperson, 2021
Chairperson → Treasurer & Past Chairperson, 2023
On filings since 2020
1 hr/week
No compensation reported
Lindsey Ramos
Board Member
On filings since 2020
1 hr/week
No compensation reported
Phyllis Schwindt
Secretary
On filings since 2020
1 hr/week
No compensation reported
Shelley Sheehy
Board Member
On filings since 2020
1 hr/week
No compensation reported
Shelly Tucciarelli
Board Member
On filings since 2020
1 hr/week
No compensation reported
Stella Schneekloth
Board Member
On filings since 2020
1 hr/week
No compensation reported
Loredia Nunn-Dixon
Board Member
On filings since 2021
1 hr/week
No compensation reported
Ryan Hatten
Board Member
On filings since 2022
1 hr/week
No compensation reported
Ametra Carrol
Board Member
On filings since 2023
1 hr/week
No compensation reported
Steve Ollenburg
Vice Chairperson
On filings since 2023
1 hr/week
No compensation reported
Former officers (8)
- Former: Daryl Empen (2020–2023) — Former Treasurer
- Former: Jan Masamoto (2020–2023) — Former Board Member
- Former: Linda Golden (2020–2023) — Former Board Member
- Former: Lori Roderick (2020–2023) — Former Board Member
- Former: Phil Dennis (2020–2022) — Former Board Member
- Former: Brandy Donaldson (2021–2022) — Former Board Member
- Former: Ametra Carrol-Castaneda (2020–2021) — Former Board Member
- Former: Berlinda Tyler-Jamison (2020) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $155K, to Cynthia Berg (Chief Financial Officer). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Rock Island Economic Growth Corporation
How much does Rock Island Economic Growth Corporation give each year?
Rock Island Economic Growth Corporation gave $3.0M across 2 grants in 2024, according to its 2024 IRS Form 990.
How large is Rock Island Economic Growth Corporation?
Rock Island Economic Growth Corporation reported $48.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $20.0M.
What is Rock Island Economic Growth Corporation?
Rock Island Economic Growth Corporation is a public charity focused on Housing & Shelter, based in Rock Island, IL. It holds $48.6M in total assets as of 2024.
Where does Rock Island Economic Growth Corporation operate?
Rock Island Economic Growth Corporation has awarded grants in Illinois.
What is Rock Island Economic Growth Corporation's EIN?
Rock Island Economic Growth Corporation's EIN (Employer Identification Number) is 36-3267851. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Rock Island Economic Growth Corporation's focus areas in our free grants database
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Rock Island Economic Growth Corporation down — hundreds of funders to go?