Illinois · Nonprofit
SOMERCOR 504 INC
SOMERCOR 504 INC (Illinois) receives grants from 1 organization whose IRS filings report $250,000 to it, the largest being The Chicago Community Trust ($250,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $8.1M
- Funders on record
- 1
- Grants received
- $250k
- Net assets
- $3.2M
What Somercor 504 Inc does
Mission
Foster economic development and job creation through sba 504 and community advantage lending and grant administration in illinois, indiana, and wisconsin.
As stated on its FY2025 Form 990.
Programs
Provided small businesses with long-term, fixed-rate sba 504 financing for the purchase of facilities and equipment, serviced the organization's loan portfolio, and administered city of chicago grant programs including the small business improvement fund and neighborhood opportunity fund.
$5,837,517 spent$7,119,761 earned by the program90% of program spendingThrough the sba community advantage program, somercor originates loans of $50,000 to $350,000 to small businesses, with the majority serving borrowers in underserved markets. Community advantage loans provide access to capital for businesses that may not qualify for conventional financing.
$666,725 spent$102,569 earned by the program10% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,504,242.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $4.7M to $3.0M (−35%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 10% · 2018 8% · 2019 10% · 2020 61% · 2021 4% · 2022 3% · 2023 3% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
0% of SOMERCOR 504 INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Manuel Flores
President/CEO
Board chair
Margy Sweeney
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of SOMERCOR 504 INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of SOMERCOR 504 INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $250k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SOMERCOR 504 INC runs a healthier operating margin than half of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Organizations like SOMERCOR 504 INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for SOMERCOR 504 INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SOMERCOR 504 INC?
- SOMERCOR 504 INC (Illinois) receives grants from 1 organization whose IRS filings report $250,000 to it, the largest being The Chicago Community Trust ($250,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does SOMERCOR 504 INC have?
- IRS filings report 1 organization giving $250,000 in grants to SOMERCOR 504 INC.
- Who is the largest funder of SOMERCOR 504 INC?
- The Chicago Community Trust is the largest funder on record, with $250,000 in grants. The full list of funders is on this page.
- How can an organization like SOMERCOR 504 INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing