CENTER OF HIGHER DEVELOPMENT INC

EIN: 363838553 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$105,234
Total Expenses
$100,622
Total Assets
$4,325
Net Assets
$-48,037
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IL
Principal Officer
WALTER GILLESPIE
Phone
7739551681
Tax Period
2021-01-01 to 2021-12-31

CENTER OF HIGHER DEVELOPMENT INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $105K in total revenue in fiscal year 2021. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $101K left a modest 4% surplus.

Mission

THE PROVIDING OF COMPUTER TRAINING, TUTORING AND MENTORING TO PERSONS WHO ARE UNABLE TO OTHERWISE RECEIVED SUCH TRAINING AND INSTRUCTION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $19,272
Program Service Revenue $85,962
Investment Income $0
Other Revenue $0
TOTAL REVENUE $105,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,073
Fundraising Expenses $0
Program Expenses $100,622
Other Expenses $60,549
TOTAL EXPENSES $100,622

Year-over-Year Comparison

2021 2020 Change
Revenue $105,234 $180,667 -0.4%
Expenses $100,622 $185,707 -0.5%
Net Income $4,612 $-5,040 -1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
11
Independent Members
9
Employees
4
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
4
$33,991
Total Directors
2
$0
Key Employees
2
$33,991
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W GILLESPIE EXECUTIVE DIRECTOR 040.00
Officer Key Emp
$19,992 $0 $19,992
S GILLESPIE SECRETARY 040.00
Officer Key Emp
$13,999 $0 $13,999
SUSAN GILMORE TREASURER 008.00
Director
$0 $0 $0
KIANA NICOLS DIRECTOR 008.00
Director
$0 $0 $0
ANGEL JONES EXECUTIVE DIRECTOR 016.00
Officer
$0 $0 $0
ROBERT BARNES VICE PRESIDENT 008.00
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
2021 $105,234 $100,622 $4,325 $4,612
2020 $180,667 $185,707 $1,147 $-5,040
2019 $330,823 $316,222 $1,493 $14,601
2018 $352,372 $452,071 $-2,670 $-99,699
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CENTER OF HIGHER DEVELOPMENT INC with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.