DEVELOPMENT NOW FOR CHICAGO (EIN 873817002) - Form 990 Financial Analysis & Trantor Score

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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

2021

Legal Domicile

Principal Officer

BRANDON SALESBERRY

Phone

7083658003

Tax Period

2023-12-01 to 2024-11-30

DEVELOPMENT NOW FOR CHICAGO, founded in 2021, is a mid-sized nonprofit in the Community Improvement sector that reported $81.5M in total revenue in fiscal year 2023. Revenue surged 543% from the prior year, signaling strong growth momentum.

Mission

DEVELOPMENT NOW FOR CHICAGO WAS FORMED TO PROMOTE ECONOMIC DEVELOPMENT AND IMPROVE BUSINESS CONDITIONS IN THE CHICAGO METROPOLITAN AREA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $79,497,971

Program Service Revenue $0

Investment Income $748,413

Other Revenue $1,222,891

TOTAL REVENUE $81,469,275

Expense Breakdown

Grants Paid $73,090

Salaries & Benefits $2,654,780

Fundraising Expenses $0

Other Expenses $78,322,478

TOTAL EXPENSES $81,729,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,469,275	$12,662,411	+5.4%
Expenses	$81,729,660	$4,760,967	+16.2%
Net Income	$-260,385	$7,901,444	-1.0%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

12000

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

$88,438

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J SACKS	PRESIDENT-BOD MEMBER	1.00	Officer Director	$0	$0	$0
MICHELLE HARRIS	TREASURER-BOD MEMBER	1.00	Officer Director	$0	$0	$0
JESSE RUIZ	SECRETARY-BOD MEMBER	1.00	Officer Director	$0	$0	$0
JASON LEE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE CAPRARA	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON SALESBERRY	ASSISTANT TREASURER	1.00	Officer	$0	$0	$0
CHRISTY GEORGE	EXECUTIVE DIRECTOR	40.00	Officer	$82,998	$5,440	$88,438

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	$81,469,275	$81,729,660	$9,040,749	$-260,385
2023	$12,662,411	$4,760,967	$8,992,832	$7,901,444
2022	$2,255,007	$1,163,619	$1,091,388	$1,091,388
2022	$2,255,007	$1,163,619	$1,091,388	$1,091,388

DEVELOPMENT NOW FOR CHICAGO