Greater Northwest Chicago Development Corporation
- Assets
- $89.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 36-2941620
Organization Overview
Greater Northwest Chicago Development Corporation is located in Chicago, IL. The organization was established in 1983. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Greater Northwest Chicago 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 12/2021, Greater Northwest Chicago Development Corporation generated $150.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $100.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE GNCDC RECEIVES GRANT MONEY FROM THE CITY OF CHICAGO TO REIMBURSE IT FOR EXPENSES FOR PROVIDING SUPPORT SERVICES TO THE LOCAL AREA SMALL BUSINESS COMMUNITY IN THEIR EFFORTS TO RETAIN EMPLOYMENT LEVELS AND GROW THEIR BUSINESSES WHICH HELPS IMPROVE THE LOCAL ECONOMIC AND SOCIAL CONDITIONS IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlin Cummings Executive Director | 40 | $60,000 | |
Ski Wysocki Chairman Emeritus | 4 | $0 | |
Lori Hernandez Chairwoman | 4 | $0 | |
Tom Startek Director | 4 | $0 | |
David Vargas Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,820 |
| Total Program Service Revenue | $0 |
| Membership dues | $12,200 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,311 |
| Other Revenue | $0 |
| Total Revenue | $150,331 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,946 |
| Professional fees and other payments to independent contractors | $9,325 |
| Occupancy, rent, utilities, and maintenance | $10,883 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,376 |
| Total expenses | $100,530 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,975 |
| Other assets | $0 |
| Total assets | $89,857 |
| Total liabilities | $109 |
| Net assets or fund balances | $89,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
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Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
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