CHICAGO DEVELOPMENT FUND (EIN 203295327) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

CIERE BOATRIGHT

Phone

3127440765

Tax Period

2023-01-01 to 2023-12-31

CHICAGO DEVELOPMENT FUND, founded in 2005, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2018. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $690K, a strong 51% operating margin.

Mission

PROMOTING THE DEVELOPMENT OR EXPANSION OF INDUSTRIAL BUSINESSES, COMMUNITY FACILITIES AND UNDERSERVED-AREA RETAIL IN CHICAGO THROUGH CAPITAL INVESTED IN LOW-INCOME COMMUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,003,213

Investment Income $202,478

Other Revenue $0

TOTAL REVENUE $1,205,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $674,146

Other Expenses $722,167

TOTAL EXPENSES $722,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,205,691	$941,101	+0.3%
Expenses	$722,167	$677,329	+0.1%
Net Income	$483,524	$263,772	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$309,092

Total Directors

$1,279,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA DOWELL	DIRECTOR	0.25	Director	$0	$0	$141,888
RAFAEL LEON	DIRECTOR	0.25	Director	$0	$0	$0
GILBERT VILLEGAS	DIRECTOR	0.25	Director	$0	$0	$115,560
MELISSA CONYEARS-ERVIN	DIRECTOR	0.25	Director	$0	$0	$161,016
WILLIAM JEFFRIES	DIRECTOR	1.00	Director	$0	$0	$142,404
CIERE BOATRIGHT	DIRECTOR, CHAIR	0.25	Officer Director	$0	$0	$196,964
JASON ERVIN	DIRECTOR	0.25	Director	$0	$0	$142,776
ANNETTE GUZMAN	DIRECTOR	0.25	Director	$0	$0	$189,372
JILL JAWORSKI	DIRECTOR	0.25	Director	$0	$0	$189,360
TERRENCE JOHNSON	VICE PRESIDENT AND SECRETA	3.00	Officer	$0	$0	$112,128
MAURICE COX	DIRECTOR, PRESIDENT	0.25		$0	$0	$194,964
JENNIE BENNETT	DIRECTOR	0.25		$0	$0	$183,840
SCOTT WAGUESPACK	DIRECTOR	0.25		$0	$0	$132,312
SUSIE PARK	DIRECTOR	0.25		$0	$0	$189,372

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,205,691	$722,167	$6,953,276	$483,524
2022	$941,101	$677,329	$6,455,249	$263,772
2021	$871,107	$576,179	$6,133,057	$294,928
2020	$574,784	$570,680	$5,845,989	$4,104
2019	$702,101	$701,148	$5,762,999	$953
2018	$1,362,225	$672,466	$5,774,063	$689,759

CHICAGO DEVELOPMENT FUND