West Loop Gate A Community
- Assets
- $114.5k
- Revenue
- $225.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 08/1991
- Data as of
- 12/2019
- 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 12/2019, 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 12/2019, West Loop Gate A Community generated $225.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $316.2k during the year ending 12/2019. While expenses have increased by 13.4% per year over the past 5 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
2019
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 - Line 4a
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 |
|---|---|---|---|
Donnie Madia Board Member | $0 | ||
Joseph Endress Board Member | $0 | ||
Juan Carlos Avila Treasurer | $0 | ||
Damone Richardson Board Member | $0 | ||
Scott Maesel Vice President | $0 | ||
David Gonsky Secretary | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,103 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,359 |
| Total Program Service Revenue | $0 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $69,291 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,732 |
| 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 | $130,177 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,549 |
| Payroll taxes | $9,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,665 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $622 |
| Office expenses | $14,739 |
| Information technology | $695 |
| Royalties | $0 |
| Occupancy | $32,493 |
| Travel | $1,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,837 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $894 |
| All other expenses | $2,944 |
| Total functional expenses | $316,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,982 |
| Savings and temporary cash investments | $31,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,066 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,800 |
| Total assets | $114,524 |
| Accounts payable and accrued expenses | $3,400 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,400 |
| Net assets without donor restrictions | $111,124 |
| 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 | $114,524 |
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