Civic Intelligence

Chicago Development Fund

990 • Fiscal year 2019 • EIN 20-3295327

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 30, 2020

Organization ProfileWWW.CHICAGODEVELOPMENTFUND.ORG
121 North Lasalle Street No 1006Chicago, IL 60602

(312) 744-8562

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.12x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

39th percentile

0.1%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

71st percentile

$180,276

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

36th percentile

-0.2%

Faster asset growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-48%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$5,762,999

Down $11,064 (-0.2%) from 2018

Net Assets

Up

$5,681,175

Up $953 (+0.0%) from 2018

Liabilities

Down

$81,824

Down $12,017 (-13%) from 2018

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin39th percentile

Revenue

Down

$702,101

Down $660,124 (-48%) from 2018

Expenses

Up

$701,148

Up $28,682 (+4.3%) from 2018

Net Income

Down

$953

Down $688,806 (-100%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $1,886,129Liabilities 2010: $21,823Net Assets 2010: $1,864,3062010Assets 2011: $2,295,418Liabilities 2011: $27,154Net Assets 2011: $2,268,2642011Assets 2012: $3,118,022Liabilities 2012: $69,273Net Assets 2012: $3,048,7492012Assets 2013: $3,873,004Liabilities 2013: $81,064Net Assets 2013: $3,791,9402013Assets 2014: $4,265,875Liabilities 2014: $135,283Net Assets 2014: $4,130,5922014Assets 2015: $4,974,715Liabilities 2015: $163,806Net Assets 2015: $4,810,9092015Assets 2016: $4,911,347Liabilities 2016: $79,467Net Assets 2016: $4,831,8802016Assets 2017: $5,112,791Liabilities 2017: $122,328Net Assets 2017: $4,990,4632017Assets 2018: $5,774,063Liabilities 2018: $93,841Net Assets 2018: $5,680,2222018Assets 2019: $5,762,999Liabilities 2019: $81,824Net Assets 2019: $5,681,1752019Assets 2020: $5,845,989Liabilities 2020: $160,710Net Assets 2020: $5,685,2792020Assets 2021: $6,133,057Liabilities 2021: $152,850Net Assets 2021: $5,980,2072021Assets 2022: $6,455,249Liabilities 2022: $211,270Net Assets 2022: $6,243,9792022Assets 2023: $6,953,276Liabilities 2023: $225,773Net Assets 2023: $6,727,5032023Assets 2024: $8,121,607Liabilities 2024: $200,438Net Assets 2024: $7,921,1692024

Highlighted filing

2019

Assets$5,762,999
Liabilities$81,824
Net Assets$5,681,175
Open 2019 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2010: $1,218,058Expenses 2010: $462,296Net Income 2010: $755,7622010Revenue 2011: $816,512Expenses 2011: $412,554Net Income 2011: $403,9582011Revenue 2012: $1,350,561Expenses 2012: $570,076Net Income 2012: $780,4852012Revenue 2013: $1,359,402Expenses 2013: $616,211Net Income 2013: $743,1912013Revenue 2014: $1,038,400Expenses 2014: $699,748Net Income 2014: $338,6522014Revenue 2015: $1,322,875Expenses 2015: $642,558Net Income 2015: $680,3172015Revenue 2016: $540,273Expenses 2016: $519,302Net Income 2016: $20,9712016Revenue 2017: $782,520Expenses 2017: $623,937Net Income 2017: $158,5832017Revenue 2018: $1,362,225Expenses 2018: $672,466Net Income 2018: $689,7592018Revenue 2019: $702,101Expenses 2019: $701,148Net Income 2019: $9532019Revenue 2020: $574,784Expenses 2020: $570,680Net Income 2020: $4,1042020Revenue 2021: $871,107Expenses 2021: $576,179Net Income 2021: $294,9282021Revenue 2022: $941,101Expenses 2022: $677,329Net Income 2022: $263,7722022Revenue 2023: $1,205,691Expenses 2023: $722,167Net Income 2023: $483,5242023Revenue 2024: $1,876,806Expenses 2024: $683,140Net Income 2024: $1,193,6662024

Highlighted filing

2019

Revenue$702,101
Expenses$701,148
Net Income$953
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 30, 2020
Return Version
2019v5.1
Gross Receipts
$702,101
Mission and Program Overview

Mission

This corporation is formed exclusively for the benefit of, and to assist in carrying out the economic development program and objectives of, the city of chicago and to promote the development, establishment or expansion of industries, community facilities and underserved-area retail among other things, by generating private investment capital through the new markets tax credit program that can be made available for investments in low income communities.

Promoting the development or expansion of industrial businesses, community facilities and underserved-area retail in chicago through capital invested in low-income communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,535,977$4,866,390▲ $330,413
Cash and Non-Interest-Bearing Accounts$1,190,373$858,463▼ $331,910
Investments Program Related$20,673$17,484▼ $3,189
Accounts Receivable$18,665$11,416▼ $7,249
Prepaid Expenses and Deferred Charges$8,375$9,246▲ $871
Total Assets$5,774,063$5,762,999▼ $11,064
Liabilities
Deferred Revenue$39,250$51,250▲ $12,000
Accounts Payable and Accrued Expenses$54,591$30,574▼ $24,017
Total Liabilities$93,841$81,824▼ $12,017
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,680,222$5,681,175▲ $953
Total Net Assets Fund Balance$5,680,222$5,681,175▲ $953
Total Liabilities and Net Assets / Fund Balance$5,774,063$5,762,999▼ $11,064
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleOtherTotal
Melissa ErvinDirector$133,545$133,545
Willmore HastingsAssistant Vice President$131,664$131,664
Patricia DowellDirector$121,560$121,560
Gilbert VillegasDirector$115,560$115,560
Scott WaguespackDirector$113,340$113,340
Terrence JohnsonAssistant Treasurer$103,680$103,680

Board Members and Trustees

NameTitle
Maurice CoxDirector, President
Jennie BennettDirector
Rafael LeonDirector
Susie ParkDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
S B Friedman & CompanyConsulting221 N LASALLE STREET, Chicago, IL 60625$496,071
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$671,437
Investment Income
$30,664
Other Revenue
$0
Change in Net Assets
$953

Audited Revenue Reconciliation

Revenue per Audited Statements
$702,101
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$702,101
Total Revenue per Form 990
$702,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$701,148
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$513,021--$513,021
Fees for Services Accounting$138,225--$138,225
Insurance-$30,828-$30,828
Fees for Services Legal$17,747--$17,747
Other Expenses-$1,327-$1,327
Total Functional Expenses$668,993$32,155$0$701,148

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$701,148
Total Expenses per Audited Statements$701,148
Total Expenses per Form 990$701,148
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Several officers and directors are full time employees of the city of chicago.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared in draft form by third party consultants, it is then reviewed and executed by chip hastings, assistant vice president for the chicago development fund.”

Form 990, Part VI, Section B, Line 12C

“City ordinance (s 2-156-150(a)) of the municipal code of chicago) requires that certain people file an annual statement of financial interests with the board of ethics. Required people include: every city elected official; every appointed official, except a member of an agency that is solely advisory in nature and has not authority to make binding decisions, enter into contracts, or make expenditures; each employee compensated for services or occupying a budgeted position at an annual rate that equals or exceeds the rate set by the board of ethics each year. The rate is based on the percentage changes in the consumer price index for urban wage earners; each employee whose total income per year exceeds the rate set by the board of ethics because he or she receives additional city compensation for professional services, or as an independent contractor for the city; any person that meets the above salary criteria because he or she is newly hired, receives a pay increase, or a job title change; and every person who qualifies as a candidate for elected office of city government.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.”

Filing and Contact Details

Filer

Filer Name
Chicago Development Fund
EIN
20-3295327
Phone
3127448562
Address
121 NORTH LASALLE STREET NO 1006, CHICAGO, IL 60602

Signing Officer

Name
Terrence Johnson
Title
Assistant Vice President
Phone
3127448562
Signed
2020-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maurice D Cox
Formed
2005
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FLOOR, BALTIMORE, MD 21202
Preparer
Philip H Cornblatt
Phone
4107834900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees: program service expenses 16,950. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,950. Consulting fees: program service expenses 496,071. Management and general expenses 0. Fundraising expenses 0. Total expenses 496,071.”

Financial Statement Notes

PART X, LINE 2:

“Fin 48 the company is exempt from federal income taxes, except for unrelated income, if any, under the provisions of section 501(c)(3) of the irc. For the years ended december 31, 2019 and 2018 the company did not have any unrelated business income. Accordingly, no provision for income taxes has been included in the accompanying consolidated financial statements. The subsidiaries have elected to be treated as pass-through entities for income tax purposes and, as such, are not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by their owners on their respective income tax returns. The subsidiaries' federal tax status as pass-through entities is based on their legal status as limited liability companies. Accordingly, the subsidiaries are not required to take any tax positions in order to qualify as a pass-through entity. Accordingly, these consolidated financial statements do not reflect a provision for income taxes and the subsidiaries have no other tax positions which must be considered for disclosure. For income tax purposes, the company and subsidiaries report on a calendar year basis. Income tax returns filed by the company and subsidiaries are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2016 remain open.”

Raw XML AppendixShowing 400 of 1,098 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE ORGANIZATION PROMOTES ECONOMIC DEVELOPMENT IN THE CITY OF CHICAGO'S LOW INCOME COMMUNITIES BY PROVIDING INVESTMENT CAPITAL THROUGH THE UTILIZATION OF THE NEW MARKETS TAX CREDIT PROGRAM FOR INDUSTRIAL BUSINESS EXPANSION/RETENTION, COMMUNITY FACILITY DEVELOPMENT, AND ADDING RETAIL IN UNDER-SERVED AREAS . THE ORGANIZATION HAS BEEN AWARDED $356 MILLION OF FEDERAL NEW MARKETS TAX CREDIT ALLOCATION AND THROUGH 2019 HAS UTILIZED ALL $356 MILLION OF THE ALLOCATION TO IN TURN GENERATE BELOW-MARKET LOANS. THE ORGANIZATION HAS MADE ALL OF THESE LOANS TO BUSINESSES LOCATED IN AREAS QUALIFIED AS HIGHER DISTRESS. THESE LOANS HAVE RESULTED IN THE RECIPIENT BUSINESSES AND ORGANIZATIONS BEING ABLE TO PRESERVE OR CREATE MORE THAN 5,400 JOBS AT FULL OPERATION. SUPPORTED PROJECTS WILL ALSO PROVIDE VITAL EDUCATION, HEALTHCARE, JOB TRAINING, AND OTHER COMMUNITY SERVICES TO OVER 185,000 INDIVIDUALS EACH YEAR AT FULL OPERATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR, PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSISTANT VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSISTANT TREASURER
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THIS CORPORATION IS FORMED EXCLUSIVELY FOR THE BENEFIT OF, AND TO ASSIST IN CARRYING OUT THE ECONOMIC DEVELOPMENT PROGRAM AND OBJECTIVES OF, THE CITY OF CHICAGO AND TO PROMOTE THE DEVELOPMENT, ESTABLISHMENT OR EXPANSION OF INDUSTRIES, COMMUNITY FACILITIES AND UNDERSERVED-AREA RETAIL AMONG OTHER THINGS, BY GENERATING PRIVATE INVESTMENT CAPITAL THROUGH THE NEW MARKETS TAX CREDIT PROGRAM THAT CAN BE MADE AVAILABLE FOR INVESTMENTS IN LOW INCOME COMMUNITIES.
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IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/TotalAmt01327
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1319440
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CITY OF CHICAGO
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0702101
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES, EXCEPT FOR UNRELATED INCOME, IF ANY, UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC. FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 THE COMPANY DID NOT HAVE ANY UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE SUBSIDIARIES HAVE ELECTED TO BE TREATED AS PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND, AS SUCH, ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY THEIR OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE SUBSIDIARIES' FEDERAL TAX STATUS AS PASS-THROUGH ENTITIES IS BASED ON THEIR LEGAL STATUS AS LIMITED LIABILITY COMPANIES. ACCORDINGLY, THE SUBSIDIARIES ARE NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS A PASS-THROUGH ENTITY. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE SUBSIDIARIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. FOR INCOME TAX PURPOSES, THE COMPANY AND SUBSIDIARIES REPORT ON A CALENDAR YEAR BASIS. INCOME TAX RETURNS FILED BY THE COMPANY AND SUBSIDIARIES ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2016 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevenuePerForm990Amt0702101
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0702101
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0701148
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0180276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1169992
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2175092
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MAURICE COX
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JENNIE BENNETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SUSIE PARK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR, PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2175092
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVERAL OFFICERS AND DIRECTORS ARE FULL TIME EMPLOYEES OF THE CITY OF CHICAGO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED IN DRAFT FORM BY THIRD PARTY CONSULTANTS, IT IS THEN REVIEWED AND EXECUTED BY CHIP HASTINGS, ASSISTANT VICE PRESIDENT FOR THE CHICAGO DEVELOPMENT FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CITY ORDINANCE (S 2-156-150(A)) OF THE MUNICIPAL CODE OF CHICAGO) REQUIRES THAT CERTAIN PEOPLE FILE AN ANNUAL STATEMENT OF FINANCIAL INTERESTS WITH THE BOARD OF ETHICS. REQUIRED PEOPLE INCLUDE: EVERY CITY ELECTED OFFICIAL; EVERY APPOINTED OFFICIAL, EXCEPT A MEMBER OF AN AGENCY THAT IS SOLELY ADVISORY IN NATURE AND HAS NOT AUTHORITY TO MAKE BINDING DECISIONS, ENTER INTO CONTRACTS, OR MAKE EXPENDITURES; EACH EMPLOYEE COMPENSATED FOR SERVICES OR OCCUPYING A BUDGETED POSITION AT AN ANNUAL RATE THAT EQUALS OR EXCEEDS THE RATE SET BY THE BOARD OF ETHICS EACH YEAR. THE RATE IS BASED ON THE PERCENTAGE CHANGES IN THE CONSUMER PRICE INDEX FOR URBAN WAGE EARNERS; EACH EMPLOYEE WHOSE TOTAL INCOME PER YEAR EXCEEDS THE RATE SET BY THE BOARD OF ETHICS BECAUSE HE OR SHE RECEIVES ADDITIONAL CITY COMPENSATION FOR PROFESSIONAL SERVICES, OR AS AN INDEPENDENT CONTRACTOR FOR THE CITY; ANY PERSON THAT MEETS THE ABOVE SALARY CRITERIA BECAUSE HE OR SHE IS NEWLY HIRED, RECEIVES A PAY INCREASE, OR A JOB TITLE CHANGE; AND EVERY PERSON WHO QUALIFIES AS A CANDIDATE FOR ELECTED OFFICE OF CITY GOVERNMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES: PROGRAM SERVICE EXPENSES 16,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,950. CONSULTING FEES: PROGRAM SERVICE EXPENSES 496,071. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 496,071.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1CHICAGO
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2CHICAGO
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3CHICAGO
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0CDF MANAGEMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1CDF SUBALLOCATEE XI LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2CDF SUBALLOCATEE XII LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3CDF SUBALLOCATEE XIII LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0208191569
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2IL

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,762,999
Liabilities
$81,824
Net assets
$5,681,175
Revenue
$702,101
Expenses
$701,148
Net income
$953
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.12$0.20$7.92$1.88$0.68$1.19
2023Detailed filing. Detailed filing data is available for this year.$6.95$0.23$6.73$1.21$0.72$0.48
2022Detailed filing. Detailed filing data is available for this year.$6.46$0.21$6.24$0.94$0.68$0.26
2021Detailed filing. Detailed filing data is available for this year.$6.13$0.15$5.98$0.87$0.58$0.29
2020Detailed filing. Detailed filing data is available for this year.$5.85$0.16$5.69$0.57$0.57$0.00
2019Detailed filing. Detailed filing data is available for this year.$5.76$0.08$5.68$0.70$0.70$0.00
2018Detailed filing. Detailed filing data is available for this year.$5.77$0.09$5.68$1.36$0.67$0.69
2017Detailed filing. Detailed filing data is available for this year.$5.11$0.12$4.99$0.78$0.62$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.91$0.08$4.83$0.54$0.52$0.02
2015Detailed filing. Detailed filing data is available for this year.$4.97$0.16$4.81$1.32$0.64$0.68
2014Detailed filing. Detailed filing data is available for this year.$4.27$0.14$4.13$1.04$0.70$0.34
2013Summary only. Only limited summary data is available for this year.$3.87$0.08$3.79$1.36$0.62$0.74
2012Summary only. Only limited summary data is available for this year.$3.12$0.07$3.05$1.35$0.57$0.78
2011Summary only. Only limited summary data is available for this year.$2.30$0.03$2.27$0.82$0.41$0.40
2010Summary only. Only limited summary data is available for this year.$1.89$0.02$1.86$1.22$0.46$0.76