RESIDENT ASSOCIATION OF GREATER ENGLEWOOD

EIN: 843226248 501(c)(3) Community Improvement

CHICAGO, IL

Total Revenue
$1,189,375
Total Expenses
$813,955
Total Assets
$3,233,647
Net Assets
$3,171,276
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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
2019
Legal Domicile
IL
Phone
7737448849
Tax Period
2024-01-01 to 2024-12-31

Resident Association of Greater Englewood, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $590K in total revenue in fiscal year 2020. Revenue surged 913% from the prior year, signaling strong growth momentum. The organization ran a surplus of $442K, a strong 75% operating margin.

Mission

THE MISSION OF THE RESIDENT ASSOCIATION OF GREATER ENGLEWOOD IS TO CREATE TANGIBLE SOLUTIONS AND MOBILIZE RESIDENTS AND RESOURCES TO RESTORE OUR COMMUNITY.

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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 $1,110,305
Program Service Revenue $66,209
Investment Income $0
Other Revenue $12,861
TOTAL REVENUE $1,189,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $344,206
Fundraising Expenses $0
Program Expenses $673,794
Other Expenses $469,749
TOTAL EXPENSES $813,955

Year-over-Year Comparison

2024 2023 Change
Revenue $1,189,375 $697,334 +0.7%
Expenses $813,955 $601,697 +0.4%
Net Income $375,420 $95,637 +2.9%
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
4
Independent Members
4
Employees
7
Volunteers
35

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
$91,108
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASIAHA BUTLER CEO 40.00
Officer
$91,108 $0 $91,108
CASSANDRA LLOYD PIERCE SECRETARY 1.00
Director
$0 $0 $0
DEMOND DRUMMER TREASURER 1.00
Director
$0 $0 $0
MEKAZIN ALEXANDER BOARD CHAIR 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
2024 $1,189,375 $813,955 $3,233,647 $375,420
2023 $697,334 $601,697 $2,873,430 $95,637
2022 $794,794 $507,426 $2,700,219 $287,368
2021 $2,257,120 $308,691 $2,412,851 $1,948,429
2021 $1,652,953 $306,690 $1,810,683 $1,346,263
2020 $590,265 $148,143 $465,643 $442,122
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