GARFIELD PARK WELLNESS CENTER SUPP… - Form 990 Financial Data

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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

2023

Legal Domicile

Principal Officer

JESSICA ELTON

Phone

8572218723

Tax Period

2024-01-01 to 2024-12-31

GARFIELD PARK WELLNESS CENTER SUPPORT CORPORATION, founded in 2023, is a micro nonprofit in the Health Care sector that reported $7K in total revenue in fiscal year 2024. Expenses of $24K exceeded revenue, resulting in a 238% operating deficit.

Mission

GARFIELD PARK WELLNESS CENTER SUPPORT CORPORATION IS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE ORGANIZATIONS LISTED BELOW, BY RECEIVING LOANS, GRANTS, ETC. AND USING THOSE FUNDS TO BUILD OR DEVELOP REAL ESTATE THAT WILL PROVIDE SUPPORTIVE SERVICES TO LOW-INCOME RESIDENTS IN THE WEST GARFIELD PARK COMMUNITY OF CHICAGO TO ADDRESS ISSUES OF DISINVESTMENT AND INEQUITY: THE COMMUNITY BUILDERS, INC. (TCB), A MASSACHUSETTS NONPROFIT CORPORATION DOING BUSINESS IN ILLINOIS AS TCB ILLINOIS NFP, INC., AND AN ORGANIZATION RECOGNIZED AS EXEMPT UNDER SECTION 501(C)(3); MAAFA REDEMPTION PROJECT, INC. (MAAFA), AN ILLINOIS NOT-FOR-PROFIT CORPORATION THAT IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3); AND THE GARFIELD PARK RITE TO WELLNESS COLLABORATIVE (GPRWC), AN ILLINOIS NOT-FOR-PROFIT CORPORATION THAT IS AN ORGANIZATION DESCRIBRIBED IN SECTION 501(C)(3). COLLECTIVELY TCB, MAAFA AND GPWRC ARE SPONSORS.

Program Service Accomplishments

Program 1

Expenses: $24,116

THE ORGANIZATION WAS FORMED IN 2023 AS A SUPPORTING ORGANIZATION OF THE COMMUNITY BUILDERS, INC.(TCB), A MASSACHUSETTS NONPROFIT CORPORATION DOING BUSINESS IN ILLINOIS AS TCB ILLINOIS NFP, INC., AND AN ORGANIZATION RECOGNIZED AS EXEMPT UNDER SECTION 501(C)(3 ); MAAFA REDEMPTION PROJECT, INC. (MAAFA), AN ILLINOIS NOT-FOR-PROFIT CORPORATION THAT IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3); AND THE GARFIELD PARK RITE TO WELLNESS COLLABORATIVE (GPRWC), AN ILLINOIS NOT-FOR-PROFIT CORPORATION THAT IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). COLLECTIVELY TCB, MAAFA, AND GPWRC SHALL BE REFERRED TO AS SPONSORS. THE PRIMARY EXEMPT PURPOSE IS TO BUILD OR DEVELOP REAL ESTATE THAT WILL PROVIDE SUPPORTIVE SERVICES TO LOW-INCOME RESIDENTS IN THE WEST GARFIELD PARK COMMUNITY OF CHICAGO TO ADDRESS ISSUES OF DISINVESTMENT AND INEQUALITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $7,127

Other Revenue $0

TOTAL REVENUE $7,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,116

Other Expenses $24,116

TOTAL EXPENSES $24,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,127	N/A	N/A
Expenses	$24,116	N/A	N/A
Net Income	$-16,989	$0	N/A

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA ELTON	TREASURER	0.20	Officer Director	$0	$0	$0
SHANGWE PARKER	PRESIDENT	0.20	Officer Director	$0	$0	$0
CYDNI POLK	DIRECTOR	0.20	Director	$0	$0	$0
JIM MJENZI	DIRECTOR	0.20	Director	$0	$0	$0
KEMENA BROOKS	DIRECTOR	0.20	Director	$0	$0	$0
MARSHALL HATCH SR	DIRECTOR	0.20	Director	$0	$0	$0
MARSHALL HATCH JR	DIRECTOR	0.20	Director	$0	$0	$0
SWATHI STALEY	DIRECTOR	0.20	Director	$0	$0	$0
THOMAS BUONOPANE	DIRECTOR	0.20	Director	$0	$0	$0
WILLIAM WOODLEY	DIRECTOR	0.20	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	$7,127	$24,116	$35,229,342	$-16,989

GARFIELD PARK WELLNESS CENTER SUPPORT CORPORATION