Chicago Southland Economic Development Corporation is located in East Hazel Crest, IL. The organization was established in 1999. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Southland Economic 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 12/2020, Chicago Southland Economic Development Corporation generated $167.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $168.7k during the year ending 12/2020. While expenses have increased by 9.4% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
COMPREHENSIVE MARKETING AND PROMOTION STRATEGY TO ATTRACT AND RETAIN STRONG BUSINESS IN THE SOUTH SUBURBAN REGION OF CHICAGO, ILLINOIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Reggie Greenwood Executive Di | 10 | $55,553 | |
Michael Scholefield President | 1 | $0 | |
Rick Reinbold Treasurer | 1 | $0 | |
Edward Paesel Trustee | 1 | $0 | |
Lou Vitullo Trustee | 1 | $0 | |
Mark Thompson Secretary | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $116,618 |
Total Program Service Revenue | $50,738 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $167,356 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $122,173 |
Professional fees and other payments to independent contractors | $25,320 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $21,178 |
Total expenses | $168,671 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $96,440 |
Other assets | $0 |
Total assets | $96,440 |
Total liabilities | $10,274 |
Net assets or fund balances | $86,166 |
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