Hegewisch Development Corporation

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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

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

Program Service Accomplishments

Program 1

Expenses: $794,762 Revenue: $475,489

We ran a leadership program call the Metropoliatan Leaderswhip Instite Next Gen. In addition the Capital program of redeveloping to partner not for profit facilities. The Hegewisch little league and...

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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%)

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$152,250

Total Directors

Key Employees

$286,364

Highest Compensated

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