Devcorp North
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Chicago, IL
- Founding
- 11/1985
- Data as of
- 12/2021
- EIN
- 36-3357551
Organization Overview
Devcorp North, operating under the name Rogers Park Business Alliance, is located in Chicago, IL. The organization was established in 1985. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Rogers Park Business Alliance employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rogers Park Business Alliance 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, Rogers Park Business Alliance generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $720.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE COMMUNITY THROUGH BUSINESS AND ECONOMIC DEVELOPMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE BUSINESS AND ECONOMIC CLIMATE OF ROGERS PARK THROUGH BUSINESS, COMMUNITY AND ECONOMIC DEVELOPMENT, FESTIVALS AND EVENTS.
SPECIAL SERVICE AREAS, MANAGED ON BEHALF OF THE CITY OF CHICAGO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Belia Rodriquez President | OfficerTrustee | 2 | $0 |
Hussain Bhanpuri Vice President | OfficerTrustee | 2 | $0 |
John Swenson Vice President | OfficerTrustee | 2 | $0 |
Summur Roberts Treasurer | OfficerTrustee | 2 | $0 |
Siraj Asfahani Secretary | OfficerTrustee | 2 | $0 |
Mina Cardenas Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $471,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,330 |
| Total Program Service Revenue | $819,437 |
| Investment income | $448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,315,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $267,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,505 |
| 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 | $176,193 |
| Advertising and promotion | $42,412 |
| Office expenses | $8,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,184 |
| Travel | $22 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,349 |
| Interest | $12,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,263 |
| Insurance | $5,290 |
| All other expenses | $15,855 |
| Total functional expenses | $720,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $654,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384,584 |
| 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 | $695 |
| Net Land, buildings, and equipment | $284,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,771 |
| Total assets | $1,362,905 |
| Accounts payable and accrued expenses | $55,997 |
| 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 | $219,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,704 |
| Total liabilities | $278,188 |
| Net assets without donor restrictions | $829,920 |
| Net assets with donor restrictions | $254,797 |
| 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 | $1,362,905 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Devcorp North has recieved totaling $338,350.
| Awarding Organization | Amount |
|---|---|
Choose Chicago Foundation Chicago, IL PURPOSE: IMPROVEMENTS OF A PUBLIC WAY | $250,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $38,100 |
Experimental Station Chicago, IL PURPOSE: SUPPORT FOR LOCAL FARMER'S MARKET | $23,000 |
Aarp Washington, DC PURPOSE: Grant to support AARP's Livable Communities initiative | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,750 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Soybean Export Council Inc Chesterfield, MO | $22,345,655 | $54,169,870 |
Midway Airlines Terminal Consortium Chicago, IL | $5,016,144 | $16,801,841 |
Julie Inc Joliet, IL | $17,181,914 | $10,586,687 |
International Accreditation Service Inc Country Club Hills, IL | $30,369,423 | $13,023,651 |
Better Business Bureau Of Chicago And Northern Illinois Inc Chicago, IL | $9,345,951 | $7,242,725 |
Somercor 504 Inc Chicago, IL | $3,029,721 | $5,498,037 |
Chicago Minority Supplier Development Council Inc Chicago, IL | $1,146,742 | $3,861,380 |
Sdco 2121 Belmont Inc Chicago, IL | $50,394,223 | $3,094,881 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |
Better Business Bureau Of Wisconsin Inc Milwaukee, WI | $5,171,220 | $3,579,852 |
Financial & Insurance Conference Professionals Chicago, IL | $5,858,048 | $2,460,356 |
Surplus Line Association Of Illinois Chicago, IL | $9,048,277 | $3,089,072 |