Greater Northwest Chicago Development Corporation in Chicago, Illinois (IL)
Table of contents:
| Greater Northwest Chicago Development Corporation | |
| Employer Identification Number (EIN) | 362941620 |
| Name of Organization | Greater Northwest Chicago Development Corporation |
| Address | 6600 W Armitage Ave, Chicago, IL 60707-3908 |
| Activities | Area development, redevelopment of renewal, Other activity aimed t combating community deterioration, Described in section 509(a)(2) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 05/1983 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $81,995 |
| Amount of Income | $97,333 |
| Form 990 Revenue Amount | $89,987 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $97,333 (it was $94,988 in 2012)
| Greater Northwest Chicago Development Corporation: | $97,333 |
| Other organizations performing similar types of work: | $623,666 |
Assets in 2013: $81,995 (it was $81,812 in 2012)
| This organization: | $81,995 |
| Other organizations performing similar types of work: | $2,159,711 |
Expenses in 2013: $90,371
| This organization: | $90,371 |
| Other organizations performing similar types of work: | $483,294 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 18.2%
| This organization: | 18.2% |
| Other organizations performing similar types of work: | 28.9% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total revenue | $359,581 | $226,898 | $162,733 | $94,988 | $89,987 |
| Contributions, gifts, grants, and similar amounts received | $123,977 | $92,750 | $29,154 | $20,296 | $16,381 |
| Program service revenue including government fees and contracts | $183,986 | $62,800 | $107,800 | $58,958 | $53,391 |
| Membership dues and assessments | $33,706 | $33,573 | $13,173 | $13,334 | $15,246 |
| Investment income | $2,400 | $0 | $2,400 | $2,400 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $15,512 | $32,943 | $0 | $0 | $4,969 |
| Gross income from gaming | $0 | $0 | $0 | $0 | $12,315 |
| Gross income from fundraising events | $30,470 | $43,240 | $0 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $14,958 | $10,297 | $0 | $0 | $7,346 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $4,832 | $10,206 | $0 | $0 |
| Total expenses | $367,033 | $259,344 | $189,298 | $98,314 | $90,371 |
| Total net assets | $476,088 | $-150,612 | $-45,428 | $-109,804 | $-48,571 |
| Excess/Deficit for the year | $-7,452 | $-32,446 | $-26,565 | $-3,326 | $-384 |
| Net assets or fund balances at beginning of year | $516,487 | $-414,686 | $-80,695 | $-45,428 | $-109,804 |
| Other changes in net assets or fund balances | $-32,947 | $296,520 | $61,832 | $-61,050 | $61,617 |
| Net assets or fund balances at end of year | $-22,887 | $-109,804 | $-48,571 | ||
| Balance Sheets | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total assets | $14,478 | $23,940 | $86,630 | $81,812 | $81,995 |
| Total liabilities | $-461,610 | $174,552 | $132,058 | $191,616 | $130,566 |
| Net assets or fund balances | $476,088 | $-150,612 | $-45,428 | $-109,804 | $-48,571 |
| Other Information | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | ||
| Total amount involved | $0 | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| 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) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $574,572 |
| Subtotal Support | $574,572 |
| Gifts, grants, contributions, and membership fees received | $574,572 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $574,572 |
| Public Support | $574,572 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $574,572 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Chicago Convention & Tourism Bureau Inc | 301 E Cermak Rd, Chicago, IL 60616-1578 | IL | 1971-08 | $28,052,215 |
| 2 | Somercor 504 Inc | 601 S La Salle St Ste 510, Chicago, IL 60605-1726 | IL | 1994-06 | $6,483,445 |
| 3 | Commercial Club Of Chicago | 21 S Clark St Ste 4301, Chicago, IL 60603-2022 | IL | 1929-02 | $4,145,489 |
| 4 | Southwestern Illinois Leadership Council | 200 University Park Dr Ste 240, Edwardsville, IL 62025-3649 | IL | 1983-08 | $1,313,136 |
| 5 | Spirit Of 76 Inc | PO BOX 1876, Junction City, KS 66441-6876 | KS | 1976-07 | $1,102,440 |
| 6 | Wisconsin Business Development Finance Corporation | 100 River Pl1 Board Walkll, Monona, WI 53716 | WI | 1982-07 | $6,747,667 |
| 7 | Tri-County Council For Southern Maryland | PO BOX 745, Hughesville, MD 20637-0745 | MD | 1983-05 | $6,090,097 |
| 8 | City Urban Revitalization Corporation | 68-700 Avenida Lalo Guerrero, Cathedral City, CA 92234-1208 | CA | 2002-06 | $6,002,442 |
| 9 | Iron County Action Plan Committee | PO BOX 108, Ironton, MO 63650 | MO | 2000-02 | $5,517,378 |
| 10 | West Central Arkansas Planning & Development District Inc | PO BOX 6409, Hot Springs, AR 71902-6409 | AR | 1996-03 | $4,534,357 |
| 11 | Southwest Arkansas Planning & | 101 Harvey Couch Blvd, Magnolia, AR 71754 | AR | 1978-02 | $3,421,370 |
| 12 | Washington County Economic Development Partnership, Washington County Economic Development Inc | 20 E Beau Street, Washington, PA 15301 | PA | 2006-12 | $2,476,170 |
| 13 | The Resource Inc | PO BOX 36, North Eastham, MA 02651-0036 | MA | 1994-05 | $2,025,775 |
| 14 | La Cocina Inc | 2948 Folsom St, San Francisco, CA 94110-4028 | CA | 2007-08 | $1,958,553 |
| 15 | Chicago Manufacturing Center | 247 S State St Ste 1000, Chicago, IL 60604-1965 | IL | 1995-01 | $1,850,980 |
| 16 | Back Of The Yards Business Mens Association | 1751 West 47th Street 2nd Flr, Chicago, IL 60609 | IL | 1988-12 | $547,781 |
| 17 | Danville Foundation For Industrial Growth | 15 N Walnut St, Danville, IL 61832 | IL | 1996-01 | $416,400 |
| 18 | Jefferson County Development Corporation | 200 Potomac Blvd Ste 3, Mount Vernon, IL 62864-6750 | IL | 2006-10 | $245,426 |
| 19 | Downtown Mt Vernon Development Corporation, Dmdc | 809 Main Street, Mt Vernon, IL 62864 | IL | 2006-11 | $129,270 |
| 20 | Greater Northwest Chicago Development Corporation | 6600 W Armitage Ave, Chicago, IL 60707-3908 | IL | 1983-05 | $97,333 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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