After their leader's death, the people of Bishop Hill appointed a group of seven trustees to run the affairs of the colony. Among the trustees were Jonas Olsson and Olof Johnson, who would become the primary leaders of the colony as they had been two of Jansson's closest aides. Under these two men and the rest of the trustees, the colony continued to grow and flourish. The workforce was reorganized to become more efficient and more buildings were erected. However, despite Bishop Hill's success, in 1857 financial problems arose in the midst of accusations of mismanagement against Olof Johnson. Johnson had made several large investments, without colony approval, that had turned out to be disastrous. As Bishop Hill headed for financial ruin, colonists voted to end the communal system. In 1861 the formal dissolution of the colony was official, and many of its people would soon be forced to move away. The Janssonist emigrants were a significant group of men and women to move from Sweden to the United States. Letters home from Janssonists to their friends and family, telling of the fertile agricultural land in the interior of North America, stimulated substantial migration for several decades and contributed to the formation of the Swedish-American ethnic community of the American Midwest. Descendants of Erik Jansson still lived in the colony until December 20, 2004 when Erik's great-great grandson and Bishop Hill volunteer fireman Theodore Arthur Myhre Sr. died south of the Colony while on a fire service call. Other known descendants remain in Illinois. Surviving buildings built by the Janssonists are listed on the National Register of Historic Places. Bishop Hill is interpreted as a living community of Swedish-American heritage. Due to state budget cuts the Bishop Hill State Historic Site was closed for nearly 5 months from December 1, 2008 to April 23, 2009. Today the Site is open Wednesday to Friday during normal business hours. As of the census of 2000, there were 125 people, 56 households, and 38 families residing in the village. The population density was 232.0 people per square mile (89.4/km²). There were 59 housing units at an average density of 109.5 per square mile (42.2/km²). The racial makeup of the village was 100.00% White. Hispanic or Latino of any race were 0.80% of the population. 26.9% were of Swedish, 15.1% American, 14.3% English, 14.3% German, 7.6% Italian and 5.9% Polish ancestry according to Census 2000.