Downtown Neighborhood Assoc of Elgin
Nonprofit profile at a glance
- EIN
- 363840947
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Elgin, IL, USA
- Phone
- 8474881456
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $250,408
- Expenses
- $288,547
- Assets
- $390,143
- Liabilities
- $67,795
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- BRIAN PINON (PRESIDENT)
- CHRIS DAVIS (VICE PRESIDENT)
People named in this filing
- BRIAN PINON (PRESIDENT)
- CHRIS DAVIS (VICE PRESIDENT)
- JOY SYMONDS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to revitalize, enhance and sustain elgin's historic city center.
What it reported doing in 2025
Economic developmentthe dna actively recruits new businesses to vacant downtown properties. It supports existing businesses through education, grant opportunities and strategic partnerships. It advocated for pro-growth city policies at the advisement of businesses and property owners. These initiatives facilitate long-term, sustainable and vibrant businesses in downtown elgin.community building & collaborationthe dna brings together businesses, property owners, city officials, community members and other key stake holders to collaborate, partner and build a thriving downtown community.perception & promotionthe dna works with the city and other organizations to promote all that elgin has to offer. It gets the word out about our great city through marketing and special events. It helps to manage the image and perception of downtown elgin (and by default the city as a whole) through the press and other media outlets.beautification & physical enhancementthe dna is an advocate for the preservation the rich heritage of downtown elgin. Dna champions the city's cultural diversity, historic architecture and best in class urban design, thereby enhancing its artistic character and forward thinking ideals.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.9%; rating input score 93
- Program expense ratio: 80.6%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -15.2%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 1.35; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 92.9% of revenue deployed · 80.6% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $233K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 14/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.