Community And Economic Development Association Of Cook County Inc
- Assets
- $41.2m
- Revenue
- $262.5m
- Investments
- $0.0
- Employees
- 501
- Location
- Chicago, IL
- Founding
- 11/1966
- Data as of
- 06/2023
- EIN
- 36-2597741
Organization Overview
Community And Economic Development Association Of Cook County Inc is located in Chicago, IL. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Community And Economic Development Association Of Cook County Inc employed 501 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community And Economic Development Association Of Cook County Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Community And Economic Development Association Of Cook County Inc generated $262.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $258.0m during the year ending 06/2023. While expenses have increased by 11.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CEDA'S MISSION IS TO WORK IN PARTNERSHIP WITH COMMUNITIES TO EMPOWER FAMILIES AND INDIVIDUALS TO ACHIEVE SELF-SUFFICIENCY AND IMPROVE THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY SERVICES ASSISTS ELIGIBLE APPLICANTS IN REDUCING HOME HEATING AND COOLING COSTS. A MONETARY BENEFIT TOWARDS ENERGY BILLS IS PROVIDED ON BEHALF OF THE APPLICANT. COUNSELING, OUTREACH, INFORMATION AND REFERRALS TO OTHER ENERGY RELATED PROGRAMS ARE ALSO PROVIDED.
ENERGY CONSERVATION OFFERS WEATHERIZATION AND REHABILITATION TO ELIGIBLE, LOW INCOME HOUSEHOLDS. THE PROCESS ENTAILS ASSESSING THE HOME, EVALUATING ITS ENERGY EFFICIENCY THROUGH SOPHISTICATED TESTING, AND THEN DEVELOPING A WORK ORDER TO CORRECT DEFICIENCIES.
HEALTH AND NUTRITION: SEVERAL PROGRAMS THAT AIM TO IMPROVE THE HEALTH STATUES OF HIGH RISK WOMEN, INFANTS AND CHILDREN BY PROVIDING NUTRITION EDUCATION, COMPREHENSIVE AND INTENSIVE CASE MANAGEMENT SERVICES TO YOUNG TEEN PARENTS AND THEIR CHILDREN; ENSURE THAT THE TEEN PARENT OBTAINS HIS/HER HIGH SCHOOL DIPLOMA AND ASSIST FAMILIES TO HELP THEMSELVES BECOME MORE SELF-SUFFICIENT, COMPETENT AND FEEL EMPOWERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Bean Chairman | OfficerTrustee | 2 | $0 |
Richard Monocchio Vice Chair (thru 06/23) | OfficerTrustee | 2 | $0 |
Lisa Anthony Secretary | OfficerTrustee | 2 | $0 |
Herb Porter Treasurer | OfficerTrustee | 2 | $0 |
Eric Slaughter Treasurer/vice Chair | OfficerTrustee | 2 | $0 |
Hon Vernard Alsberry Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cyril Regan Heating Wzn Contractor | 6/29/23 | $4,419,893 |
Data Listing Services Liheap Call Center | 6/29/23 | $2,653,953 |
Meade Heating And Cooling Wzn Contractor | 6/29/23 | $1,948,479 |
Nick And Eddie Construction Wzn Contractor | 6/29/23 | $1,837,387 |
Ajilon Professional Staffintg Temp Agency | 6/29/23 | $1,641,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,554,334 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,374,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,928,376 |
| Total Program Service Revenue | $2,471,133 |
| Investment income | $8,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,484,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $195,849,497 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $894,533 |
| Compensation of current officers, directors, key employees. | $894,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,308,248 |
| Pension plan accruals and contributions | $359,678 |
| Other employee benefits | $3,256,483 |
| Payroll taxes | $1,641,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,915 |
| Fees for services: Accounting | $172,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,029,070 |
| Advertising and promotion | $350,053 |
| Office expenses | $1,380,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,240,942 |
| Travel | $326,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $876,885 |
| Insurance | $342,322 |
| All other expenses | $481,987 |
| Total functional expenses | $258,009,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,648,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,028,787 |
| Accounts receivable, net | $4,449 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $365,855 |
| Net Land, buildings, and equipment | $4,710,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,422,303 |
| Total assets | $41,180,005 |
| Accounts payable and accrued expenses | $15,530,572 |
| Grants payable | $0 |
| Deferred revenue | $4,810,507 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,683,164 |
| Unsecured mortgages and notes payable | $190,000 |
| Other liabilities | $582,005 |
| Total liabilities | $24,796,248 |
| Net assets without donor restrictions | $16,087,604 |
| Net assets with donor restrictions | $296,153 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,180,005 |