JANE ADDAMS DEVELOPMENT CORPORATION

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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

1990

Legal Domicile

Principal Officer

TAMMY PHILLIPS

Phone

7737289769

Tax Period

2024-07-01 to 2025-06-30

JANE ADDAMS DEVELOPMENT CORPORATION, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 9% surplus.

Mission

TO DEVELOP, MANAGE, AND LEASE AN INDUSTRIAL BUILDING IN ORDER TO RETAIN MANUFACTURING JOBS IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $986,549 Revenue: $1,265,588

THE ORGANIZATION OPERATED TWO PROPERTIES IN THE RAVENSWOOD NEIGHBORHOOD OF CHICAGO, ILLINOIS. THE ORGANIZATION PROVIDES FINANCIAL AND PRO BONO SUPPORT OF JANE ADDAMS RESOURCE CORPORATION, LOCATED IN...

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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 (2024)

Revenue Breakdown

Contributions & Grants $163,000

Program Service Revenue $1,265,588

Investment Income $7,968

Other Revenue $0

TOTAL REVENUE $1,436,556

Expense Breakdown

Grants Paid $228,495

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $986,549

Other Expenses $1,074,621

TOTAL EXPENSES $1,303,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,436,556	$847,107	+0.7%
Expenses	$1,303,116	$971,977	+0.3%
Net Income	$133,440	$-124,870	-2.1%

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

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

$73,233

Total Directors

$91,588

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY PHILLIPS	BOARD CHAIR	2.00	Officer Director	$65,719	$0	$65,719
BRETT MUELLER	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL SHADLE	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY SMITH	DIRECTOR	1.00	Director	$25,869	$0	$25,869
GUY LOUDON	EXECUTIVE DIRECTOR	1.00	Officer	$7,514	$0	$7,514

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
2025	$1,436,556	$1,303,116	$3,563,327	$133,440
2024	$847,107	$971,977	$3,335,874	$-124,870
2023	$714,382	$740,279	$2,500,018	$-25,897
2022	$2,053,795	$760,342	$2,657,310	$1,293,453
2021	$995,169	$985,065	$2,361,339	$10,104
2020	$1,033,368	$1,315,016	$2,478,747	$-281,648
2019	$1,043,439	$1,023,931	$2,655,034	$19,508