Greater Southwest Development Corporation
- Assets
- $19.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Chicago, IL
- Founding
- 09/1977
- Data as of
- 12/2023
- EIN
- 36-2858304
Organization Overview
Greater Southwest Development Corporation is located in Chicago, IL. The organization was established in 1977. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Greater Southwest Development Corporation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Southwest Development Corporation 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 12/2023, Greater Southwest Development Corporation generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 9 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.
Since 2022, Greater Southwest Development Corporation has awarded 15 individual grants totaling $783,603. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER SOUTHWEST DEVELOPMENT CORPORATION IS THE CATALYST FOR CREATING AND MAINTAINING A VITAL GREATER SOUTHWEST CHICAGO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT - MANGAGE AND OPERATE SENIOR HOUSING PROPERTIES AND COMMERCIAL RETAIL SPACE
REACH CENTER - AS A DIVISION OF GREATER SOUTHWEST DEVELOPMENT CORPORATION, THE REACH CENTER OFFERES A WIDE RANGE OF FINCANCIAL, HOUSING AND JOB ASSISTANCE SERVICES TO COMMUNITY RESIDENTS. THE REACH CENTER OFFERS HOUSING COUNSELING SERVICES FINANCIAL COACHING SERVICES EMPLOYMENT SERVICES INCOME SUPPORTS SCREENING AND COMPUTER TRAINING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Soto Executive Director | Officer | 45 | $164,371 |
Manuel Jimenez President | OfficerTrustee | 2 | $0 |
Jeff Bartow Secretary | OfficerTrustee | 2 | $0 |
Mark Divalerio Treasurer | OfficerTrustee | 2 | $0 |
Nyla Diab Director | Trustee | 2 | $0 |
Gabriella Barrientos Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Treagan Technology Group It Technology | 12/30/19 | $130,541 |
Halo Security Group Security Services | 12/30/19 | $123,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $938,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,535,586 |
| Total Program Service Revenue | $95,822 |
| Investment income | $211,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $370,926 |
| 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 | $2,845,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $263,967 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,371,657 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $302,157 |
| Advertising and promotion | $0 |
| Office expenses | $71,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,352 |
| Travel | $39,277 |
| 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 | $9,399 |
| Insurance | $32,631 |
| All other expenses | $14,474 |
| Total functional expenses | $2,497,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $777,908 |
| Accounts receivable, net | $163,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,146,603 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,336 |
| Net Land, buildings, and equipment | $155,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,129,267 |
| Total assets | $18,971,058 |
| Accounts payable and accrued expenses | $116,713 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $357,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,181,217 |
| Total liabilities | $4,655,430 |
| Net assets without donor restrictions | $14,315,628 |
| Net assets with donor restrictions | $0 |
| 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 | $18,971,058 |
Grants Awarded
Over the last fiscal year, Greater Southwest Development Corporation has awarded $263,967 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER ENGLEWOOD COMMUNITY DEVELOPMENT CORP | | | $3,250 |
MIDWAY CHAMBER OF COMMERCE | | | $36,976 |
THE SOUTHWEST COLLECTIVE | | | $36,450 |
THE SOUTHWEST COLLECTIVE | | | $45,824 |
TGI MOVEMENT | | | $47,867 |
TARGET AREA DEVELOPMENT CORP | | | $46,800 |