Hegewisch Development Corporation

EIN: 822214677 501(c)(3) Community Improvement

Chicago, IL

Total Revenue
$662,034
Total Expenses
$794,762
Total Assets
$17,566
Net Assets
$-104,511
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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
2021
Legal Domicile
IL
Principal Officer
Jorge Perez
Phone
7734011656
Tax Period
2024-01-01 to 2024-12-31

Hegewisch Development Corporation, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $662K in total revenue in fiscal year 2024. Expenses of $795K exceeded revenue, resulting in a 20% operating deficit.

Mission

Our mission is to positively impact the economic landscape for the southeast side of Chicago

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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 (2024)

Revenue Breakdown

Contributions & Grants $658,987
Program Service Revenue $159
Investment Income $2,888
Other Revenue $0
TOTAL REVENUE $662,034

Expense Breakdown

Grants Paid $0
Salaries & Benefits $474,515
Fundraising Expenses $0
Program Expenses $794,762
Other Expenses $320,247
TOTAL EXPENSES $794,762

Year-over-Year Comparison

2024 2023 Change
Revenue $662,034 N/A N/A
Expenses $794,762 N/A N/A
Net Income $-132,728 N/A N/A
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
3
Independent Members
3
Employees
4
Volunteers
4

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
1
$152,250
Total Directors
0
$0
Key Employees
3
$286,364
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jorge Perez President 40.00
Officer
$152,250 $0 $152,250
Juan Rangel Manager 40.00
Key Emp
$186,932 $0 $186,932
Johnathon M Bush Manager 40.00
Key Emp
$59,432 $0 $59,432
Brian Iggins Manager 40.00
Key Emp
$40,000 $0 $40,000
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 $662,034 $794,762 $17,566 $-132,728
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