Far South Cdc in Chicago, Illinois (IL)
Table of contents:
| Far South Cdc | |
| Employer Identification Number (EIN) | 362946248 |
| Name of Organization | Far South Cdc |
| Address | 11509 S Elizabeth St, Chicago, IL 60643-5115 |
| Activities | Area development, redevelopment of renewal, Other activity aimed t combating community deterioration |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 07/1980 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $107,195 |
| Amount of Income | $722,286 |
| Form 990 Revenue Amount | $722,286 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $722,286 (it was $549,814 in 2012)
| This organization: | $722,286 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $107,195 (it was $209,103 in 2012)
| This organization: | $107,195 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2012: $557,259
| This organization: | $557,259 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2012: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Number of employees in 2012: 2
| This organization: | 2 |
| Other organizations performing similar types of work: | 2 |
Grants share in income in 2012: 100.0%
| Far South Cdc: | 100.0% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $549,814 |
| Contributions, Gifts, Grants and Other Similar Amounts | $549,810 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $4 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $557,259 |
| Compensation of current officers, directors, trustees, and key employees | $42,187 |
| Other salaries and wages | $56,259 |
| Payroll taxes | $1,809 |
| Professional fundraising services | $0 |
| Other | $457,004 |
| Balance Sheet (for 2012) | |
| Total assets | $209,103 |
| Total liabilities | $205,641 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $160,000 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $45,641 |
| Total net assets or fund balances | $3,462 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $1,827,079 |
| Gifts, grants, contributions, and membership fees received | $1,826,923 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $156 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Bean Capital Development Co Inc | 368 East Simpson Drive, Wayne City, IL 62895 | IL | 1983-06 | $29,503 |
| 2 | Berwyn Development Corporation | 3322 S Oak Park Ave 2nd Floor, Berwyn, IL 60402-3407 | IL | 1988-08 | $1,396,848 |
| 3 | Jewish Council On Urban Affairs | 610 S Michigan Avenue Ste 500, Chicago, IL 60605-1901 | IL | 1966-06 | $1,095,289 |
| 4 | Greater Sterling Development Corp | 1741 Industrial Dr, Sterling, IL 61081-9290 | IL | 1990-10 | $870,209 |
| 5 | Far South Cdc | 11509 S Elizabeth St, Chicago, IL 60643-5115 | IL | 1980-07 | $722,286 |
| 6 | Fuller Park Community Development Corporation | 4417 S Stewart Ave, Chicago, IL 60609-3622 | IL | 1995-09 | $388,315 |
| 7 | Freeport Area Economic Development Foundation | 27 W Stephenson St, Freeport, IL 61032-4219 | IL | 1985-09 | $291,466 |
| 8 | Westside Business Improvement Association Inc Wbia | 5427 W Madison St, Chicago, IL 60644-4030 | IL | 1985-01 | $67,690 |
| 9 | Urban Innovation Analysis Inc | 1126 E 59th St Rm/Ste 322, Chicago, IL 60637-1580 | IL | 1985-09 | $61,043 |
| 10 | Westwood Community Development Corporation | 140 W 81st Street, Chicago, IL 60620 | IL | 1993-11 | $50,000 |
| 11 | Seventh Street Area Development Council Inc | 701 7th St, Rockford, IL 61104-1305 | IL | 1996-11 | $35,407 |
| 12 | United Center Community Business Development Fund | 1901 W Madison St, Chicago, IL 60612-2459 | IL | 1997-03 | $294 |
| 13 | Chicago Eruv Inc | 3050 W Touhy, Chicago, IL 60645 | IL | 1993-03 | $0 |
| 14 | Confluence Community Development Inc | 411-14th Street Pob 648, Cairo, IL 62914 | IL | 1987-12 | $0 |
| 15 | Institute Of Urban Life | 5555 N Sheridan Rd Apt 903, Chicago, IL 60640-1622 | IL | 1964-07 | $0 |
| 16 | Lockport Area Development Commission Inc | 222 E Ninth St, Lockport, IL 60441-3464 | IL | 1981-03 | $0 |
| 17 | Mount Zion Area Economic Development Corporation | 1400 Mt Zion Parkway, Mt Zion, IL 62549 | IL | 1995-03 | $0 |
| 18 | Southwestern Illinois Development Foundation | 200 University Park Drive Suite 240 Room/Suite 240, Edwardsville, IL 62025-3536 | IL | 1985-06 | $0 |
| 19 | Sterling 2000 | 1405 2nd Ave, Sterling, IL 61081-2330 | IL | 1997-11 | $0 |
| 20 | Woodstock Economic Development Corp | PO BOX 670, Woodstock, IL 60098-0670 | IL | 1994-12 | $0 |
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| Total | 531 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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