Civic Intelligence

Near West Side Community Development Corporation Inc.

990 • Fiscal year 2017 • EIN 36-3607203

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

216 S Hoyne StChicago, IL 60612-3009

(312) 738-2280

Siviq Scores

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

Liabilities / Assets

59th percentile

0.25x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.58x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

34th percentile

$87,000

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

37th percentile

0.5%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,235,855

Up $28,629 (+0.5%) from 2016

Net Assets

Up

$3,916,800

Up $459,334 (+13%) from 2016

Liabilities

Down

$1,319,055

Down $430,705 (-25%) from 2016

Revenue

Up

$2,290,278

Up $327,943 (+17%) from 2016

Expenses

Down

$1,830,944

Down $125,059 (-6.4%) from 2016

Net Income

Up

$459,334

Up $453,002 (+7154%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $5,292,783Liabilities 2013: $2,033,576Net Assets 2013: $3,259,2072013Assets 2015: $5,274,352Liabilities 2015: $1,823,218Net Assets 2015: $3,451,1342015Assets 2016: $5,207,226Liabilities 2016: $1,749,760Net Assets 2016: $3,457,4662016Assets 2017: $5,235,855Liabilities 2017: $1,319,055Net Assets 2017: $3,916,8002017Assets 2018: $5,329,078Liabilities 2018: $1,313,756Net Assets 2018: $4,015,3222018Assets 2019: $5,240,755Liabilities 2019: $1,265,182Net Assets 2019: $3,975,5732019Assets 2020: $5,187,659Liabilities 2020: $1,255,068Net Assets 2020: $3,932,5912020Assets 2021: $5,618,989Liabilities 2021: $1,205,018Net Assets 2021: $4,413,9712021Assets 2022: $5,487,738Liabilities 2022: $1,082,320Net Assets 2022: $4,405,4182022Assets 2024: $5,517,620Liabilities 2024: $1,453,756Net Assets 2024: $4,063,8642024

Highlighted filing

2017

Assets$5,235,855
Liabilities$1,319,055
Net Assets$3,916,800

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $2,726,014Expenses 2013: $2,610,704Net Income 2013: $115,3102013Revenue 2015: $2,193,578Expenses 2015: $2,140,424Net Income 2015: $53,1542015Revenue 2016: $1,962,335Expenses 2016: $1,956,003Net Income 2016: $6,3322016Revenue 2017: $2,290,278Expenses 2017: $1,830,944Net Income 2017: $459,3342017Revenue 2018: $1,834,776Expenses 2018: $1,736,254Net Income 2018: $98,5222018Revenue 2019: $1,606,244Expenses 2019: $1,645,829Net Income 2019: -$39,5852019Revenue 2020: $2,051,854Expenses 2020: $2,108,272Net Income 2020: -$56,4182020Revenue 2021: $2,610,798Expenses 2021: $2,129,418Net Income 2021: $481,3802021Revenue 2022: $2,656,644Expenses 2022: $2,665,197Net Income 2022: -$8,5532022Revenue 2024: $2,572,538Expenses 2024: $2,632,989Net Income 2024: -$60,4512024

Highlighted filing

2017

Revenue$2,290,278
Expenses$1,830,944
Net Income$459,334
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$2,290,278
Mission and Program Overview

Mission

To provide economic development by providing safe and affordable housing, housing counseling, employment referrals and training opportunities. Organization also develops and manages properties in an effort to meet the needs of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$946,727$902,776▼ $43,951
Cash and Non-Interest-Bearing Accounts$678,061$748,626▲ $70,565
Accounts Receivable$331,239$198,539▼ $132,700
Inventories for Sale or Use$130,121$137,554▲ $7,433
Prepaid Expenses and Deferred Charges$7,868$26,913▲ $19,045
Total Assets$5,207,226$5,235,855▲ $28,629
Other Assets Total$3,113,210$3,221,447▲ $108,237
Liabilities
Other Liabilities$1,657,470$1,264,564▼ $392,906
Accounts Payable and Accrued Expenses$92,290$43,491▼ $48,799
Deferred Revenue-$11,000-
Total Liabilities$1,749,760$1,319,055▼ $430,705
Net Assets / Fund Balance
Unrestricted Net Assets$3,388,227$3,863,731▲ $475,504
Temporarily Rstr Net Assets$69,239$53,069▼ $16,170
Total Net Assets Fund Balance$3,457,466$3,916,800▲ $459,334
Total Liabilities and Net Assets / Fund Balance$5,207,226$5,235,855▲ $28,629

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$902,776$958,544-
Other Assets Org$1,341--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Earnest GatesExecutive DiFT$87,000$87,000

Board Members and Trustees

NameTitle
Laura HassanPresident
Janice BennettPresident-re
Beverly JonesDirector
Edwin DunnDirector
Howard PizerDirector
Jeanette WilliamsDirector
Marilyn KatzDirector
Willie WrightDirector
Shirley ChappellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Upa LLCConsulting7370 N LINCOLN, Lincolnwood, IL 60712$175,402
Revenue and Support

Revenue Composition

Contributions and Grants
$2,086,863
Program Service Revenue
$95,180
Investment Income
$58,307
Other Revenue
$49,928
All Other Contributions
$555,441
Change in Net Assets
$459,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,290,278
Total Revenue per Audited Statements
$2,290,278
Total Revenue per Form 990
$2,290,278
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,232,044
Other Expenses$598,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$843,821$84,523-$928,344
Other Employee Benefits$286,874$16,826-$303,700
Fees for Services Management$259,071$6,859-$265,930
Occupancy$83,062$2,020-$85,082
Other Expenses$17,680$8,325-$17,680
All Other Expenses$13,445--$13,445
Insurance$8,859$4,491-$13,350
Interest-$9,905-$9,905
Total Functional Expenses$1,680,378$150,566$0$1,830,944

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,830,944
Total Expenses per Audited Statements$1,830,944
Total Expenses per Form 990$1,830,944
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgages and Notes Payable$1,130,077
Advances Payable - Related Party$70,000
Refundable Advances$56,727
Tenant Security Deposits$7,760
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft is circulated to the executive director and key board members for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Review by board of directors and executive directors.

Form 990, Page 6, Part VI, Line 15A

Review of comparable salaries in geographic area.

Form 990, Page 6, Part VI, Line 15B

Executive director recommends salaries of key employees to board of directors.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Near West Side Community
EIN
36-3607203
Phone
3127382280
Address
216 S HOYNE ST, CHICAGO, IL 60612-3009

Signing Officer

Name
Earnest Gates
Title
Executive Director
Phone
3127382280
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Earnest Gates
Formed
1988
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
24

Preparer

Firm
Arthur S Gunn Ltd
Address
900 SKOKIE BLVD STE 207, NORTHBROOK, IL 60062-4031
Preparer
Arthur S Gunn CPA
Phone
8474981597
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide economic development by providing safe and affordable housing, housing counseling, employment referrals and training opportunities. Organization also develops and manages properties in an effort to meet the needs of the community.

Form 990, Page 2, Part III, Line 4D

Property management and youth programs

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under sections 501(c) (3) of the internal revenue code, except on net income derived from unrelated business activities. The organization had no unrelated business income for the year ended december 31, 2017. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization's federal exempt organization returns for the years ending december 31, 2014, 2015 and 2016 are still subject to examination by the irs, generally for three years after they were filed. The organization has not been notified of any years under examination, and therefore, years prior to january 1, 2014 are considered closed. The tax return for the year december 31, 2017 has not been filed as of the date of this report and is on extension.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENT IN LIMITED LIABILITY CORP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4REPLACEMENT RESERVE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTIONS 501(C) (3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2017. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION RETURNS FOR THE YEARS ENDING DECEMBER 31, 2014, 2015 AND 2016 ARE STILL SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION HAS NOT BEEN NOTIFIED OF ANY YEARS UNDER EXAMINATION, AND THEREFORE, YEARS PRIOR TO JANUARY 1, 2014 ARE CONSIDERED CLOSED. THE TAX RETURN FOR THE YEAR DECEMBER 31, 2017 HAS NOT BEEN FILED AS OF THE DATE OF THIS REPORT AND IS ON EXTENSION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE ECONOMIC DEVELOPMENT BY PROVIDING SAFE AND AFFORDABLE HOUSING, HOUSING COUNSELING, EMPLOYMENT REFERRALS AND TRAINING OPPORTUNITIES. ORGANIZATION ALSO DEVELOPS AND MANAGES PROPERTIES IN AN EFFORT TO MEET THE NEEDS OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROPERTY MANAGEMENT AND YOUTH PROGRAMS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT IS CIRCULATED TO THE EXECUTIVE DIRECTOR AND KEY BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW BY BOARD OF DIRECTORS AND EXECUTIVE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW OF COMPARABLE SALARIES IN GEOGRAPHIC AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE DIRECTOR RECOMMENDS SALARIES OF KEY EMPLOYEES TO BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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