Devcorp North d/b/a Rogers Park Bu… - Form 990 Financial Data

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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

1983

Legal Domicile

Phone

7735085885

Tax Period

2023-01-01 to 2023-12-31

Devcorp North d/b/a Rogers Park Business Alliance, founded in 1983, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $280K, a strong 20% operating margin.

Mission

To improve the community through business and economic development activities.

Program Service Accomplishments

Program 1

Expenses: $583,020 Revenue: $945,402

To improve the business and economic climate of Rogers Park through business, community and economic development, festivals and events.

Program 2

Expenses: $64,050 Revenue: $64,050

Special Service Areas, managed on behalf of the City of Chicago

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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 (2023)

Revenue Breakdown

Contributions & Grants $364,589

Program Service Revenue $856,132

Investment Income $9,172

Other Revenue $144,148

TOTAL REVENUE $1,374,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $419,514

Fundraising Expenses $201,458

Program Expenses $647,070

Other Expenses $674,871

TOTAL EXPENSES $1,094,385

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,374,041	$949,717	+0.4%
Expenses	$1,094,385	$935,454	+0.2%
Net Income	$279,656	$14,263	+18.6%

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

100

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
Terry Gant	President	2.00	Officer Director	$0	$0	$0
Hussain Bhanpuri	Vice President	2.00	Officer Director	$0	$0	$0
Jack Swenson	Treasurer	2.00	Officer Director	$0	$0	$0
Hector Morales	Secretary	2.00	Officer Director	$0	$0	$0
Mina Cardenas	Director	2.00	Officer Director	$0	$0	$0
Robert Collins	Director	2.00	Director	$0	$0	$0
Antonio Diaz	Director	2.00	Director	$0	$0	$0
Dorothy Gregory	Director	2.00	Director	$0	$0	$0
Mark Keppy	Director	2.00	Director	$0	$0	$0
Anthony Mesok	Director	2.00	Director	$0	$0	$0
Clemente Okele	Director	2.00	Director	$0	$0	$0
Cecilia Rodriguez	Director	2.00	Director	$0	$0	$0
Len Felton	Director	2.00	Director	$0	$0	$0
Sandi Price	Executive Director	40.00	Highest	$107,650	$0	$107,650

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	$1,374,041	$1,094,385	$1,695,554	$279,656
2022	$949,717	$935,454	$1,361,660	$14,263
2021	$1,315,215	$720,555	$1,362,905	$594,660
2020	$664,439	$574,998	$874,281	$89,441
2019	$1,694,897	$1,649,720	$2,581,813	$45,177
2018	$1,584,693	$1,379,093	$2,351,879	$205,600

Devcorp North d/b/a Rogers Park Business Alliance