GREATER AUBURN GRESHAM DEVELOPMENT CORPORATION

EIN: 364377387 501(c)(3) Community Improvement

CHICAGO, IL

Total Revenue
$9,543,644
Total Expenses
$7,040,339
Total Assets
$27,407,086
Net Assets
$18,618,780
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
IL
Principal Officer
CARLOS NELSON
Phone
7734833696
Tax Period
2023-01-01 to 2023-12-31

GREATER AUBURN GRESHAM DEVELOPMENT CORPORATION, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $9.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 26% operating margin.

Mission

TO FOSTER AND PROMOTE THE REVITALIZATION OF THE COMMUNITY BY DESIGNING AND IMPLEMENTING PROGRAMS THAT IMPROVE THE COMMUNITY'S ECONOMIC VIABILITY; INCREASE AVAILABILITY OF QUALITY HOUSING TO PEOPLE OF DIFFERENT INCOME LEVELS WHILE MAINTAINING AND IMPROVING EXISTING AFFORDABLE HOUSING, AND ENHANCE DELIVERY OF SOCIAL SERVICES, PARTICULARLY TO SENIOR CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $3,189,669 Revenue: $472,808

ECONOMIC DEVELOPMENT - GAGDC'S ECONOMIC TEAM HAS ACCOMPLISHED MANY ENDEAVORS INCLUDING THE $250K NEIGHBORHOOD OPPORTUNITY FUND, PROVIDING TECHNICAL ASSISTANCE TO POTENTIAL BUSINESSES LOOKING FOR...

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ECONOMIC DEVELOPMENT - GAGDC'S ECONOMIC TEAM HAS ACCOMPLISHED MANY ENDEAVORS INCLUDING THE $250K NEIGHBORHOOD OPPORTUNITY FUND, PROVIDING TECHNICAL ASSISTANCE TO POTENTIAL BUSINESSES LOOKING FOR SEED-MONEY FUNDING. GAGDC ASSISTED IN EXCEPTIONAL GRAND OPENINGS IN AUBURN GRESHAM, JERK VILLA AND MIKKEY'S RETRO GRILL. OTHER ACCOMPLISHMENTS ARE THE DEVELOPMENT OF A MIXED USE BUILDING ON OUR BUSINESS CORRIDOR, THE RENOVATION OF A SAVE A LOT, INCLUDING A GAGDC-HOSTED VENDOR FAIR HELPING LOCAL BUSINESS HAVE THEIR PRODUCTS IN SAVE-A-LOT; REBRANDING OF SAVE A LOT, AND POSITIVE LOITERING, WHICH CREATED OPPORTUNITIES AND BROUGHT RESOURCES TO RESIDENTS; VENDOR FAIR BLACK HISTORY MONTH.

Program 2
Expenses: $1,551,543 Revenue: $0

HEALTH AND WELLNESS - GAGDC PRIORITIZES PROVIDING SOLUTIONS TO IMPROVE COMMUNITY HEALTH AND WELLNESS AND ADDRESS HEALTH EQUITY IN HISTORICALLY UNDERSERVED COMMUNITIES ON CHICAGO'S SOUTH SIDE. THROUGH...

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HEALTH AND WELLNESS - GAGDC PRIORITIZES PROVIDING SOLUTIONS TO IMPROVE COMMUNITY HEALTH AND WELLNESS AND ADDRESS HEALTH EQUITY IN HISTORICALLY UNDERSERVED COMMUNITIES ON CHICAGO'S SOUTH SIDE. THROUGH GAGDC INITIATIVES AND PARTNERSHIPS, FAMILIES BENEFIT FROM HIGH-QUALITY, ACCESSIBLE, PATIENT-CENTERED HEALTH SERVICES. GAGDC SECURED A PARTNERSHIP WITH AMERICAN CANCER SOCIETY AS HEALTH EQUITY AMBASSADORS. ANOTHER SUCCESSFUL PARTNERSHIP IS WITH UIC HEALTH SECURING A DIABETES PREVENTION PROGRAM.

Program 3
Expenses: $742,637 Revenue: $0

EDUCATION AND YOUTH DEVELOPMENT- GAGDC'S AFTER SCHOOL PROGRAMMING OFFERED BOTH ACADEMIC AND ENRICHMENT TO ALL GRADES, AT 4 LOCAL SCHOOLS; OFFERING BOY'S MENTORING, STEM, DIVERSE LEARNING, COOKING...

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EDUCATION AND YOUTH DEVELOPMENT- GAGDC'S AFTER SCHOOL PROGRAMMING OFFERED BOTH ACADEMIC AND ENRICHMENT TO ALL GRADES, AT 4 LOCAL SCHOOLS; OFFERING BOY'S MENTORING, STEM, DIVERSE LEARNING, COOKING, GAMING, MAJORETTES, GARDENING, ART, TUTORING, AND SPORTS. GAGDC EXECUTED ANOTHER SUCCESSFUL AG GOLD SUMMER CAMP WITH OVER 100 YOUTH FROM LOCAL SCHOOLS AND SURROUNDING COMMUNITIES. GAGDC WAS AWARDED A CITY GRANT THAT OFFERS OUTREACH, RESOURCES, AND SERVICES TO YOUTH AND YOUNG ADULTS, 14 - 24. THIS YOUTH AND YOUNG ADULT COUNCIL (YAYAC) ENGAGES YOUTH WITH COMMUNITY STAKEHOLDERS AND ORGANIZATIONS, INCORPORATING THE SUGGESTIONS AND IDEAS OF THE YOUTH.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,359,656
Program Service Revenue $1,132,077
Investment Income $113,242
Other Revenue $-61,331
TOTAL REVENUE $9,543,644

Expense Breakdown

Grants Paid $2,314,072
Salaries & Benefits $2,542,283
Fundraising Expenses $81,348
Program Expenses $5,887,633
Other Expenses $2,183,984
TOTAL EXPENSES $7,040,339

Year-over-Year Comparison

2023 2022 Change
Revenue $9,543,644 $8,248,455 +0.2%
Expenses $7,040,339 $6,656,997 +0.1%
Net Income $2,503,305 $1,591,458 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
11
Employees
55
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
6
$265,095
Total Directors
13
$33,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCINE DILLARD DIRECTOR 2.00
Director
$33,800 $0 $33,800
JOHNNY WILBON CHAIRMAN/PRESIDENT 2.00
Officer Director
$0 $0 $0
BETTY SWANSON VP/DIRECTOR 2.00
Officer Director
$0 $0 $0
TOI ROBERTSON-SMITH TREASURER/DIRECTOR 2.00
Officer Director
$0 $0 $0
JAMES DRAKE SECRETARY/DIRECTOR 2.00
Officer Director
$0 $0 $0
BYAM ALEXANDER DIRECTOR 2.00
Director
$0 $0 $0
KHAM BEARD DIRECTOR 2.00
Director
$0 $0 $0
EILEEN KNIGHTLY DIRECTOR 2.00
Director
$0 $0 $0
REVEREND WALTER MATHEWS DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH MOORE DIRECTOR 2.00
Director
$0 $0 $0
WILLARD PAYTON DIRECTOR 2.00
Director
$0 $0 $0
FATHER MICHAEL PFLEGER DIRECTOR 2.00
Director
$0 $0 $0
MAUREEN RENNO DIRECTOR 2.00
Director
$0 $0 $0
CARLOS NELSON CEO 50.00
Officer
$124,606 $12,436 $137,042
KAYSHA LARRY CFO 40.00
Officer
$114,950 $13,103 $128,053
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 $9,543,644 $7,040,339 $27,407,086 $2,503,305
2022 $8,248,455 $6,656,997 $37,581,966 $1,591,458
2021 $16,086,832 $4,214,961 $35,765,013 $11,871,871
2021 $16,086,832 $4,214,961 $35,765,013 $11,871,871
2020 $4,068,207 $1,806,037 $3,103,477 $2,262,170
2019 $1,989,932 $1,731,947 $1,352,371 $257,985
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