SOUTHSIDE REDEVELOPMENT CORPORATION

EIN: 842173880 501(c)(3) Community Improvement

OMAHA, NE

Total Revenue
$8,850,840
Total Expenses
$1,075,162
Total Assets
$45,362,409
Net Assets
$43,506,737
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NE
Principal Officer
CESAR GARCIA
Phone
4029169293
Tax Period
2023-07-01 to 2024-06-30

SOUTHSIDE REDEVELOPMENT CORPORATION, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $8.9M in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.8M, a strong 88% operating margin.

Mission

SOUTHSIDE REDEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHOSE FOCUS IS TO GENERATE HOLISTIC AND EFFECTIVE REVITALIZATION IN SOUTH OMAHA NEIGHBORHOODS THROUGH STRATEGIC PARTNERSHIP AND COMMUNITY-DRIVEN INITIATIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,338,009
Program Service Revenue $116,262
Investment Income $284,181
Other Revenue $112,388
TOTAL REVENUE $8,850,840

Expense Breakdown

Grants Paid $0
Salaries & Benefits $479,539
Fundraising Expenses $115,753
Program Expenses $600,289
Other Expenses $595,623
TOTAL EXPENSES $1,075,162

Year-over-Year Comparison

2023 2022 Change
Revenue $8,850,840 $23,871,890 -0.6%
Expenses $1,075,162 $705,557 +0.5%
Net Income $7,775,678 $23,166,333 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
6
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
4
$166,188
Total Directors
13
$166,188
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CESAR GARCIA EXECUTIVE DIRECTOR 40.00
Officer Director
$147,396 $18,792 $166,188
KERRI SANCHEZ CHAIR 1.00
Officer Director
$0 $0 $0
JENNIE SHUKERT VICE CHAIR 1.00
Officer Director
$0 $0 $0
OSUMAN ISSAKA TREASURER 1.00
Officer Director
$0 $0 $0
MERIDITH DILLON DEPUTY 1.00
Director
$0 $0 $0
ABDIAZIZ SALAD BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY RUBACK BOARD MEMBER 1.00
Director
$0 $0 $0
ANNETTE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
JIM LANDEN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN LEVY BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA VAZQUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN OSBERG BOARD MEMBER 1.00
Director
$0 $0 $0
TOM SIMMS BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 $8,850,840 $1,075,162 $45,362,409 $7,775,678
2023 $23,871,890 $705,557 $36,397,808 $23,166,333
2022 $12,635,345 $503,333 $14,089,413 $12,132,012
2021 $1,284,130 $466,005 $1,918,428 $818,125
2020 $1,327,824 $280,574 $1,115,529 $1,047,250
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