EAST HAZEL CREST, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
PROMOTING INDUSTRIAL DEVELOPMENT AND SITE SELECTION - A CORE COMPONENT OF CSEDC'S MISSION IS TO SUPPORT INDUSTRIAL SITE DEVELOPMENT. THROUGHOUT THE YEAR, CSEDC WORKED CLOSELY WITH THE STATE OF...
PROMOTING INDUSTRIAL DEVELOPMENT AND SITE SELECTION - A CORE COMPONENT OF CSEDC'S MISSION IS TO SUPPORT INDUSTRIAL SITE DEVELOPMENT. THROUGHOUT THE YEAR, CSEDC WORKED CLOSELY WITH THE STATE OF ILLINOIS TO ADDRESS COMPANY REQUESTS FOR SITE INFORMATION. BY STREAMLINING THE RESPONSE PROCESS AND PROVIDING CRITICAL DATA ON AVAILABLE LOCATIONS, CSEDC PLAYED A PIVOTAL ROLE IN ATTRACTING BUSINESSES TO THE SOUTHLAND REGION, FURTHER POSITIONING IT AS A PRIME DESTINATION FOR INDUSTRIAL GROWTH.
BEGAN A BUSINESS & MEDIA CENTER - CSEDC LAUNCHED THE BUSINESS & MEDIA CENTER, A 3,500-SQUARE-FOOT SHARED OFFICE SPACE DESIGNED TO SUPPORT SMALL BUSINESS GROWTH AND REGIONAL COLLABORATION. EQUIPPED...
BEGAN A BUSINESS & MEDIA CENTER - CSEDC LAUNCHED THE BUSINESS & MEDIA CENTER, A 3,500-SQUARE-FOOT SHARED OFFICE SPACE DESIGNED TO SUPPORT SMALL BUSINESS GROWTH AND REGIONAL COLLABORATION. EQUIPPED WITH A STATE-OF-THE-ART TRAINING CENTER AND A CONFERENCE ROOM, THE FACILITY SERVES AS A VITAL RESOURCE FOR ENTREPRENEURS, PROVIDING ACCESS TO TRAINING PROGRAMS, NETWORKING OPPORTUNITIES, AND REGIONAL ECONOMIC DEVELOPMENT INITIATIVES. THE CENTER HAS QUICKLY BECOME A HUB FOR FOSTERING BUSINESS INNOVATION AND PROFESSIONAL DEVELOPMENT IN THE SOUTHLAND COMMUNITY.
ENGAGING YOUTH THROUGH STEM AND WORKFORCE DEVELOPMENT- RECOGNIZING THE IMPORTANCE OF WORKFORCE DEVELOPMENT, CSEDC CONTINUED ITS EFFORTS TO CONNECT LOCAL BUSINESSES WITH HIGH SCHOOL STUDENTS THROUGH...
ENGAGING YOUTH THROUGH STEM AND WORKFORCE DEVELOPMENT- RECOGNIZING THE IMPORTANCE OF WORKFORCE DEVELOPMENT, CSEDC CONTINUED ITS EFFORTS TO CONNECT LOCAL BUSINESSES WITH HIGH SCHOOL STUDENTS THROUGH THE SOUTHWORKS ENGINEERING AND ROBOTICS COMPETITION. THIS YEAR-LONG PROGRAM PROVIDED HANDS-ON EXPERIENCE AND EXPOSURE TO STEM-RELATED FIELDS, WITH OVER 500 HIGH SCHOOL STUDENTS PARTICIPATING. THE INITIATIVE NOT ONLY FOSTERED INNOVATION AND TECHNICAL SKILLS AMONG STUDENTS BUT ALSO STRENGTHENED THE PIPELINE FOR FUTURE TALENT IN THE REGION'S ENGINEERING AND TECHNOLOGY SECTORS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare CHICAGO SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Illinois and across the country.