NLEN SUPPORT CORPORATION

EIN: 853601245 501(c)(3) Employment

CHICAGO, IL

Total Revenue
$78,210
Total Expenses
$472,968
Total Assets
$8,456,233
Net Assets
$573,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IL
Principal Officer
BRENDA PALMS
Phone
7736381825
Tax Period
2023-07-01 to 2024-06-30

NLEN SUPPORT CORPORATION, founded in 2021, is a micro nonprofit in the Employment sector that reported $78K in total revenue in fiscal year 2023. Expenses of $473K exceeded revenue, resulting in a 505% operating deficit.

Mission

TO OWN AND MANAGE BUILDINGS TO HOUSE AFFILIATE 501(C)(3) NONPROFIT ORGANIZATION, NORTH LAWNDALE EMPLOYMENT NETWORK

Program Service Accomplishments

Program 1
Expenses: $472,968 Revenue: $0

TO OWN AND MANAGE BUILDINGS TO HOUSE AFFILIATE 501(C)(3) NONPROFIT ORGANIZATION, NORTH LAWNDALE EMPLOYMENT NETWORK

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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 $0
Program Service Revenue $0
Investment Income $1,210
Other Revenue $77,000
TOTAL REVENUE $78,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $472,968
Other Expenses $472,968
TOTAL EXPENSES $472,968

Year-over-Year Comparison

2023 2022 Change
Revenue $78,210 $77,517 +0.0%
Expenses $472,968 $454,767 +0.0%
Net Income $-394,758 $-377,250 +0.0%
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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Governance

Voting Members
5
Independent Members
4
Employees
N/A
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
3
$371,179
Total Directors
5
$371,179
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA PALMS PRESIDENT & CEO 10.00
Officer Director
$0 $0 $371,179
MICHAEL KRAMER TREASURER 1.00
Officer Director
$0 $0 $0
SARAH BERNSTEIN SECRETARY 1.00
Officer Director
$0 $0 $0
RODNEY BROWN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SUTTON 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
2025 No data No data No data No data
2024 $78,210 $472,968 $8,456,233 $-394,758
2023 $77,517 $454,767 $8,828,974 $-377,250
2022 $77,099 $422,783 $9,206,093 $-345,684
2021 $1,665,038 $42,415 $9,505,038 $1,622,623
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