NORTHWEST SIDE COMMUNITY DEVELOPMENT COR

EIN: 831979604 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$2,011,619
Total Expenses
$1,482,363
Total Assets
$2,244,740
Net Assets
$1,753,306
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IL
Principal Officer
JASON ESTREMERA
Phone
7732833888
Tax Period
2024-01-01 to 2024-12-31

NORTHWEST SIDE COMMUNITY DEVELOPMENT COR, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $529K, a strong 26% operating margin.

Mission

OUR MISSION IS TO PROVIDE THE NORTHWEST SIDE AND BELMONT CRAGIN AREA WITH THE TOOLSAND RESOURCES TO PRESERVE AFFORDABLE HOUSING,PREVENT DISPLACEMENT, AND PROVIDEBUSINESS DEVELOPMENT ASSISTANCE TO LOCAL SMALL BUSINESSESS

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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 $2,008,534
Program Service Revenue $2,276
Investment Income $809
Other Revenue $0
TOTAL REVENUE $2,011,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $511,145
Fundraising Expenses $21,372
Program Expenses $1,025,095
Other Expenses $971,218
TOTAL EXPENSES $1,482,363

Year-over-Year Comparison

2024 2023 Change
Revenue $2,011,619 $1,141,788 +0.8%
Expenses $1,482,363 $1,050,434 +0.4%
Net Income $529,256 $91,354 +4.8%
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
8
Independent Members
8
Employees
5
Volunteers
20

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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON ESTREMERA EXECUTIVE DIR. 40.00
Director
$0 $0 $0
LINDSEY HAINES BOARD CHAIR 1.00
Officer Director
$0 $0 $0
TOM NASET TREASURER 1.00
Officer Director
$0 $0 $0
ANNETTE VEGA BOARD MEMBER 1.00
Director
$0 $0 $0
DIAMARIS LUZ QUILES BOARD MEMBER 1.00
Director
$0 $0 $0
ESTEFANY NORIA BOARD MEMBER 0.00
Director
$0 $0 $0
AMANDA WEINBERGER BOARD MEMBER 0.00
Director
$0 $0 $0
HECTOR FABREGAS BOARD MEMBER 1.00
Director
$0 $0 $0
XIOMARA MALDONADO SECRETARY 0.00
Officer Director
$0 $0 $0
PATRICIA ELDRIDGE VICE CHAIR 0.00
Officer 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 $2,011,619 $1,482,363 $2,244,740 $529,256
2023 $1,141,788 $1,047,138 $1,596,823 $94,650
2023 $1,141,788 $1,050,434 $1,882,116 $91,354
2022 $1,124,124 $807,135 $1,344,668 $316,989
2021 $1,132,202 $360,915 $1,015,709 $771,287
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