BRIGHT STAR COMMUNITY DEVELOPMENT CORP NFP

EIN: 853411154 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$4,482,698
Total Expenses
$3,063,971
Total Assets
$3,900,574
Net Assets
$3,603,202
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IL
Principal Officer
CARYL WEST
Phone
7733735220
Tax Period
2024-01-01 to 2024-12-31

BRIGHT STAR COMMUNITY DEVELOPMENT CORP NFP, founded in 2020, is a community nonprofit in the Human Services sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 337% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 32% operating margin.

Mission

TO DEVELOP HIGH-QUALITY AFFORDABLE HOUSING, PROMOTE ECONOMIC DEVELOPMENT BY CREATING EMPLOYMENT TRAINING, PATHWAYS AND OPPORTUNITIES, AND ADVOCATE FOR A MORE VIBRANT GREATER BRONZEVILLE 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 $4,447,171
Program Service Revenue $119,600
Investment Income $910
Other Revenue $-84,983
TOTAL REVENUE $4,482,698

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $1,191,286
Fundraising Expenses $0
Program Expenses $2,589,321
Other Expenses $1,862,685
TOTAL EXPENSES $3,063,971

Year-over-Year Comparison

2024 2023 Change
Revenue $4,482,698 $1,024,993 +3.4%
Expenses $3,063,971 $360,627 +7.5%
Net Income $1,418,727 $664,366 +1.1%
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

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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
15
Independent Members
15
Employees
22
Volunteers
55

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
5
$338,077
Total Directors
15
$295,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAKREISHA KINDRED VICE CHAIR 2.00
Officer Director
$0 $0 $150,000
PASTOR CHRIS HARRIS SR PRESIDENT 2.00
Officer Director
$0 $0 $145,000
CARYL WEST EXECUTIVE DI 40.00
Officer
$43,077 $0 $43,077
TANYA ANTHONY TREASURER 2.00
Officer Director
$0 $0 $0
NICHOLE CARTER DIRECTOR 1.00
Director
$0 $0 $0
RANDY CONNER DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY DAVIS SECRETARY 2.00
Officer Director
$0 $0 $0
TYE HUGHES DILLARD DIRECTOR 1.00
Director
$0 $0 $0
JOI EVANS DIRECTOR 1.00
Director
$0 $0 $0
KIM JACKSON DIRECTOR 1.00
Director
$0 $0 $0
SANINA ELLISON JONES DIRECTOR 1.00
Director
$0 $0 $0
CILVIA OSBORNE DIRECTOR 1.00
Director
$0 $0 $0
NICOLE PALMER DIRECTOR 1.00
Director
$0 $0 $0
TONYA SIMS DIRECTOR 1.00
Director
$0 $0 $0
ANTUAN SPANN DIRECTOR 1.00
Director
$0 $0 $0
JOCELYN VALESQUEZ DIRECTOR 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 $4,482,698 $3,063,971 $3,900,574 $1,418,727
2023 $1,024,993 $360,627 $2,233,007 $664,366
2022 $1,520,168 $59 $1,520,109 $1,520,109
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