EIGHTEENTH STREET DEVELOPMENT CORP (EIN 362899333) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

RUBEN SAAVEDRA

Phone

3127332287

Tax Period

2020-01-01 to 2020-12-31

EIGHTEENTH STREET DEVELOPMENT CORP, founded in 2000, is a small nonprofit that reported $325K in total revenue in fiscal year 2020. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $457K exceeded revenue, resulting in a 41% operating deficit.

Mission

COMMERCIAL SUPPORT SERVICES (CSS)- EIGHTEENTH STREET DEVELOPMENT CORPORATION (ESDC) ASSISTS AREA BUSINESSES TO RESOLVE ZONING, LICENSING, AND OTHER ISSUES WHICH REQUIRE INTERFACE WITH LOCAL OR CITY GOVERNMENT OFFICES. ESDC WORKS WITH A VARIETY OF PUBLIC AND PRIVATE OFFICIALS TO PLAN THE LOCATION AND SCOPE OF CITY OF CHICAGO AND COOK COUNTY IMPROVEMENT PROJECTS TO ENSURE THAT NEIGHBORHOOD NEEDS ARE ADDRESSED. ESDC SEEKS TO PROMOTE AREA BUSINESSES BY PUBLISHING AN ANNUAL BUSINESS DIRECTORY AND ALSO PRODUCING A VARIETY OF EVENTS DURING THE YEAR. THESE INCLUDE MOLE DE MAYO IN THE MONTH OF MAY AND BUEN PROVECHO PILSEN IN SEPTEMBER. LOCAL INDUSTRIAL RETENTION INITIATIVE (LIRI)- BY WORKING WITH OVER 200 HUNDRED SMALL, MEDIUM AND LARGE SCALE BUSINESSES IN PILSEN'S INDUSTRIAL CORRIDOR, THE INDUSTRIAL DEVELOPMENT DIVISION OF ESDC ASSISTS IN THE GROWTH AND DEVELOPMENT OF INDUSTRIAL BUSINESSES TO EXPAND EMPLOYMENT OPPORTUNITIES IN THE COMMUNITY. THE PILSEN INDUSTRIAL CORRIDOR (PMD 11) COVERS 907 A

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $447,998

Program Service Revenue $0

Investment Income $0

Other Revenue $-123,041

TOTAL REVENUE $324,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,327

Fundraising Expenses $0

Program Expenses $242,303

Other Expenses $165,840

TOTAL EXPENSES $457,167

Year-over-Year Comparison

	2020	2019	Change
Revenue	$324,957	$436,863	-0.3%
Expenses	$457,167	$373,540	+0.2%
Net Income	$-132,210	$63,323	-3.1%

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCELO GARZA	DIRECTOR/TRU	N/A	Director	$0	$0	$0
JAMIL MUHAMMAD	DIRECTOR/ TR	N/A	Director	$0	$0	$0
DR ELIZA OCHOA	DIRECTOR/TRU	N/A	Director	$0	$0	$0
RAFAEL DIAZ	VICE - CHAIR	N/A	Officer	$0	$0	$0
MATT DOUBLEDAY	TREASURER	N/A	Officer	$0	$0	$0
ZACH NAGLE	SECRETARY	N/A	Officer	$0	$0	$0
RUBEN SAAVEDRA	BOARD CHAIR	N/A	Officer	$0	$0	$0

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
2020	$324,957	$457,167	$13,513	$-132,210
2019	$436,863	$373,540	$135,606	$63,323
2018	$213,833	$266,581	$21,646	$-52,748

EIGHTEENTH STREET DEVELOPMENT CORP