Greater Englewood Community Development Corporation
- Assets
- $686.5k
- Revenue
- $580.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 77-0627605
Organization Overview
Greater Englewood Community Development Corporation is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2021, Greater Englewood Community Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Englewood Community 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 12/2021, Greater Englewood Community Development Corporation generated $580.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $586.1k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GECDCS MISSION TO REBRAND, REBUILD, REVITALIZE GREATER ENGLEWOOD AND BEYOND, THROUGH ENTREPRENEURSHIP, EMPLOYMENT AND ECONOMIC EMPOWERMENT BY COLLABORATING WITH COMMUNITY, PARTNERS AND KEY STAKE HOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GECDC WORKS WITH LOCAL BUSINESSES AND HAS A WORKFORCE DEVELOPMENT TRAINING CENTER IN ORDER TO HELP IN IMPROVING EMPLOYMENT WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Warren Executive Director | Officer | 40 | $93,671 |
Kimberly Jones Secretary | Officer | 0.25 | $0 |
John Gholar Chairman | Officer | 0.25 | $0 |
Ronald Neal Treasurer | Officer | 0.25 | $0 |
Terry Young Director | Trustee | 0.25 | $0 |
Carol Collum Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $235,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,425 |
| Noncash contributions included in lines 1a–1f | $38,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,214 |
| Total Program Service Revenue | $15,815 |
| Investment income | $0 |
| 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 | $580,192 |
| 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. | $93,671 |
| Compensation of current officers, directors, key employees. | $60,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,650 |
| 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 | $45,847 |
| Advertising and promotion | $4,795 |
| Office expenses | $3,721 |
| Information technology | $22,347 |
| Royalties | $0 |
| Occupancy | $46,125 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,241 |
| Insurance | $32,428 |
| All other expenses | $2,358 |
| Total functional expenses | $586,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $272,549 |
| 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 | $54,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $686,505 |
| Accounts payable and accrued expenses | $12,673 |
| 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 | $12,673 |
| Net assets without donor restrictions | $673,832 |
| 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 | $686,505 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Englewood Community Development Corporation has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $65,000 |
Coleman Foundation Inc Chicago, IL PURPOSE: ENTREPRENEURSHIP - GENERAL OPERATING SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisville Water Foundation Louisville, KY | $1,355,242 | $4,579,865 |
Riveredge Nature Center Inc Newburg, WI | $10,456,592 | $2,741,879 |
Forest Park Foundation Peoria Heights, IL | $2,574,683 | $838,889 |
Garfield Park Conservatory Alliance Chicago, IL | $4,270,987 | $3,189,107 |
Kohler Trust For Preservation Kohler, WI | $13,328,615 | $3,437,093 |
Indian Creek Nature Center Cedar Rapids, IA | $10,454,447 | $1,688,837 |
Missouri Conservation Heritage Foundation Jefferson City, MO | $7,233,035 | $3,382,865 |
Aldo Leopold Nature Center Inc Monona, WI | $4,909,599 | $1,432,415 |
Land Between The Lakes Association Golden Pond, KY | $1,440,482 | $1,581,696 |
Lee A & Mary Jane Rieth Foundation For Environmental Education Chicago, IL | $20,411,268 | $2,147,978 |
Ekentucky Advanced Manufacturing Institute Inc Paintsville, KY | $3,226,397 | $1,085,558 |
Indiana Dunes Environmental Learning Center Inc Chesterton, IN | $2,357,277 | $1,368,993 |