West Loop Gate A Community
- Assets
- $77.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 36-3757848
Organization Overview
West Loop Gate A Community is located in Chicago, IL. The organization was established in 1991. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, West Loop Gate A Community employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Loop Gate A Community 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 12/2022, West Loop Gate A Community generated $111.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $112.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE STABILITY AND GROWTH OF THE COMMUNITY, PROMOTE ITS DEVELOPMENT, AND FOSTER THE SPIRIT OF VOLUNTEERISM WITH RESIDENTS, BUSINESSES, AND INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS DEDICATED TO PROMOTING THE WEST LOOP OF CHICAGO AS A THRIVING RESIDENTIAL NEIGHBORHOOD THAT ATTRACTS AND SUSTAINS PLANNED RESIDENTIAL DEVELOPMENT AND RETAIL BUSINESSES
FOR RESIDENTS AND MEMBERS, THE ORGANIZATION PROVIDES HANDS-ON OPPORTUNITIES TO HAVE AN ACTIVE VOICE IN REAL DECISIONS AFFECTING THE NEIGHBOROOD PARKS, COMMERCE, SCHOOLS, TRAFFIC, SAFETY AND DEVELOPMENT
BOARD MEMBERS AND VOLUNTEER EFFORTS ARE REWARDED BY MAKING A NOTICEABLE DIFFERENCE IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Agostinelli Executive Director | 40 | $21,456 | |
Katalin Ogren-Rodriguez President Emeritus | 2 | $0 | |
David Gonsky Secretary | 2 | $0 | |
Donnie Madia Board Member | 2 | $0 | |
Damone Richardson President | 2 | $0 | |
Paco Lebron Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,533 |
| Total Program Service Revenue | $12,725 |
| Membership dues | $11,956 |
| Investment income | $0 |
| Gain or Loss | $950 |
| Net Income from Gaming & Fundraising | $39,736 |
| Other Revenue | $26,792 |
| Total Revenue | $111,692 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,456 |
| Professional fees and other payments to independent contractors | $57,698 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,299 |
| Total expenses | $112,453 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,904 |
| Other assets | $0 |
| Total assets | $77,625 |
| Total liabilities | $135,900 |
| Net assets or fund balances | -$58,275 |