CHICAGO SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION

EIN: 364248732 501(c)(3) Community Improvement

EAST HAZEL CREST, IL

Total Revenue
$396,668
Total Expenses
$252,169
Total Assets
$978,575
Net Assets
$978,575
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IL
Principal Officer
REGGIE GREENWOOD
Phone
7085190432
Tax Period
2023-01-01 to 2023-12-31

CHICAGO SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $397K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $144K, a strong 36% operating margin.

Mission

THE CHICAGO SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION HAS MADE SUBSTANTIAL PROGRESS IN ADVANCING KEY ECONOMIC INITIATIVES, STRENGTHENING INDUSTRY RELATIONSHIPS, AND SUPPORTING BOTH BUSINESSES AND WORKFORCE DEVELOPMENT. BY CONTINUING TO DRIVE INVESTMENT, INNOVATION, AND INFRASTRUCTURE IMPROVEMENTS, CSEDC REMAINS COMMITTED TO FOSTERING SUSTAINABLE ECONOMIC GROWTH AND ENHANCING THE PROSPERITY OF THE SOUTHLAND REGION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $335,855
Program Service Revenue $60,770
Investment Income $43
Other Revenue $0
TOTAL REVENUE $396,668

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,554
Fundraising Expenses $0
Program Expenses $176,518
Other Expenses $221,615
TOTAL EXPENSES $252,169

Year-over-Year Comparison

2023 2022 Change
Revenue $396,668 $926,223 -0.6%
Expenses $252,169 $442,466 -0.4%
Net Income $144,499 $483,757 -0.7%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
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
$30,554
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGGIE GREENWOOD EXECUTIVE DI 10.00
Officer
$30,554 $0 $30,554
SCOTT DUERKOP TRUSTEE 2.00
Director
$0 $0 $0
CHARLES GALLAGHER TRUSTEE 2.00
Director
$0 $0 $0
MONICA GORDON TRUSTEE 2.00
Director
$0 $0 $0
EDWARD PAESEL TRUSTEE 2.00
Director
$0 $0 $0
RICHARD REINBOLD TREASURER 2.00
Officer Director
$0 $0 $0
JOSEPH ROUDEZ TRUSTEE 2.00
Director
$0 $0 $0
MARY SCHMIDT TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL SCHOLEFIELD PRESIDENT 2.00
Officer Director
$0 $0 $0
TAWNY SMITH TRUSTEE 2.00
Director
$0 $0 $0
MARK THOMPSON SECRETARY 2.00
Officer Director
$0 $0 $0
LOUIS VITULLO TRUSTEE 2.00
Director
$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
2024 No data No data No data No data
2023 $396,668 $252,169 $978,575 $144,499
2022 $926,223 $442,466 $839,872 $483,757
2021 $512,493 $248,340 $386,421 $264,153
2019 $200,860 $198,380 $89,281 $2,480
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