Community Improvement & Capacity Building
Somercor 504 Inc
CHICAGO, IL
Total revenue
$7.0M
Total expenses
$6.9M
Net assets
$2.7M
Grants received
$250K
1 grants
EIN
363837330
Tax year
2023
Mission
Fostering economic development and job creation through sba 504 loans and grant administration.
Programs
1 program
The organization was granted authority to participate in the sba community advantage program. The program allows certified development companies ("cdc's") to fund community advantage loans between $50,000 and $350,000. At least 60% of the loans distributed are required to be in underserved markets.
Financials
FY 2023
Revenue
Expenses
People
28 listed
MANUEL FLORES
PRESIDENT/CEO
$309K
40 hrs/wk
ELISABETH WILLIAMS
SENIOR VICE PRESIDENT
$300K
40 hrs/wk
ERIC BACON
SENIOR VICE PRESIDENT
$296K
40 hrs/wk
MILAN MASLIC
EXECUTIVE VICE PRESIDENT
$276K
40 hrs/wk
MARGARET GRIFFIN
EXECUTIVE VICE PRESIDENT
$253K
40 hrs/wk
DAVID SOMMERS
EXECUTIVE VICE PRESIDENT
$229K
40 hrs/wk
DEBRA MORACK
SENIOR VICE PRESIDENT
$155K
40 hrs/wk
DARIN GEHRKE
SENIOR VICE PRESIDENT
$135K
40 hrs/wk
MANISH LAROIA
SVP CHIEF CREDIT OFFICER
$35K
40 hrs/wk
MICHAEL MARTINO
DIRECTOR
—
2 hrs/wk
JAMES BRUNO
DIRECTOR
—
2 hrs/wk
JEFFREY BRONSWICK
DIRECTOR
—
2 hrs/wk
BRIAN BURKE
DIRECTOR
—
2 hrs/wk
WILLIAM W TOWNS
DIRECTOR
—
2 hrs/wk
DEAN AVDALAS
DIRECTOR
—
2 hrs/wk
JULIE WINTERBAUER
DIRECTOR
—
2 hrs/wk
SIMON YOHANAN
DIRECTOR
—
2 hrs/wk
MARGY SWEENEY
CHAIRMAN
—
2 hrs/wk
THOMAS HUFFMAN
VICE CHAIRMAN
—
2 hrs/wk
JON WINICK
CHAIRMAN EMERITUS
—
2 hrs/wk
MICHAEL PLUMB
DIRECTOR
—
2 hrs/wk
ERICA MCPHERSON
DIRECTOR
—
2 hrs/wk
BRIAN COMISKEY
FORMER EVP & CLO (THRU 9/23)
$193K
40 hrs/wk
SILVIA OROZCO
VP SBIF PROGRAM DIRECTOR
$130K
40 hrs/wk
AMBER SMITH
VP MARKETING & COMMUNICATIONS
$130K
40 hrs/wk
REUBEN WADDY
VP NOF DIRECTOR
$121K
40 hrs/wk
MONICA CZUBIAK
SENIOR CLOSING OFFICER
$105K
40 hrs/wk
SANDRA BERRIOS
LOAN SERVICING ADMINISTRATOR
$103K
40 hrs/wk
Grants received
Showing 1 of 1
Funded by
$250K from 1 funder · 1 grant · 2023
$250K · 1 grant · 2023