Chicago Southland Economic Development Corporation
- Assets
- $96.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Hazel Crest, IL
- Founding
- 05/1999
- Data as of
- 12/2020
- EIN
- 36-4248732
Organization Overview
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 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $168.7k during the year ending 12/2020. While expenses have increased by 14.1% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Scholefield President | 1 | $0 | |
Edward Paesel Trustee | 1 | $0 | |
Lou Vitullo Trustee | 1 | $0 | |
Rick Reinbold Treasurer | 1 | $0 | |
Mark Thompson Secretary | 1 | $0 | |
Reggie Greenwood Executive Di | 10 | $55,553 |
Financial Statements
| 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 |