Civic Intelligence

Near West Side Community Development Corporation Inc.

990 • Fiscal year 2019 • EIN 36-3607203

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

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

60th percentile

0.24x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.79x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

30th percentile

-2.5%

Higher net margin than 30% of similar nonprofits.

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

Top Officer Pay

34th percentile

$87,000

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

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

Asset Growth

29th percentile

-1.7%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

19th percentile

-12%

Faster revenue growth than 19% of similar nonprofits.

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

Assets

Down

$5,240,755

Down $88,323 (-1.7%) from 2018

Net Assets

Down

$3,975,573

Down $39,749 (-1.0%) from 2018

Liabilities

Down

$1,265,182

Down $48,574 (-3.7%) from 2018

Revenue

Down

$1,606,244

Down $228,532 (-12%) from 2018

Expenses

Down

$1,645,829

Down $90,425 (-5.2%) from 2018

Net Income

Down

-$39,585

Down $138,107 (-140%) from 2018

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

2019

Assets$5,240,755
Liabilities$1,265,182
Net Assets$3,975,573

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

2019

Revenue$1,606,244
Expenses$1,645,829
Net Income-$39,585
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$1,606,244
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$858,825$814,873▼ $43,952
Cash and Non-Interest-Bearing Accounts$780,641$716,944▼ $63,697
Accounts Receivable$259,128$155,455▼ $103,673
Inventories for Sale or Use$145,954$150,340▲ $4,386
Prepaid Expenses and Deferred Charges$7,428$39,794▲ $32,366
Total Assets$5,329,078$5,240,755▼ $88,323
Other Assets Total$3,277,102$3,363,349▲ $86,247
Liabilities
Other Liabilities$1,236,045$1,225,785▼ $10,260
Accounts Payable and Accrued Expenses$56,704$39,397▼ $17,307
Deferred Revenue$21,007--
Total Liabilities$1,313,756$1,265,182▼ $48,574
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,944,431$3,898,099▼ $46,332
Net Assets With Donor Restrictions$70,891$77,474▲ $6,583
Total Net Assets Fund Balance$4,015,322$3,975,573▼ $39,749
Total Liabilities and Net Assets / Fund Balance$5,329,078$5,240,755▼ $88,323

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$814,873$1,046,448-
Other Assets Org$5,560--
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
Marilyn KatzDirector
Rochelle WillfordDirector
Willie WrightDirector
Shirley ChappellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Upa LLCConsulting7370 N LINCOLN, Lincolnwood, IL 60712$137,679
Revenue and Support

Revenue Composition

Contributions and Grants
$1,429,222
Program Service Revenue
$87,733
Investment Income
$64,405
Other Revenue
$24,884
All Other Contributions
$196,093
Change in Net Assets
$-39,585

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$55,620
Total Noncash Contributions2$55,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,606,244
Total Revenue per Audited Statements
$1,606,244
Total Revenue per Form 990
$1,606,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,012,024
Other Expenses$633,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$663,823$83,371-$747,194
Fees for Services Management$280,335$8,996-$289,331
Other Employee Benefits$242,881$21,949-$264,830
Occupancy$104,208$5,006-$109,214
Insurance$27,305$9,131-$36,436
All Other Expenses$29,865--$29,865
Other Expenses$21,537$2,330-$23,867
Interest-$7,869-$7,869
Total Functional Expenses$1,492,576$153,253$0$1,645,829

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,645,829
Total Expenses per Audited Statements$1,645,829
Total Expenses per Form 990$1,645,829
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$1,066,320
Advances Payable - Related Party$97,368
Refundable Advances$56,727
Tenant Security Deposits$5,370
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
2020-11-11
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
20
Volunteers
9

Preparer

Firm
Arthur S Gunn Ltd
Address
900 SKOKIE BLVD STE 207, NORTHBROOK, IL 60062-4031
Preparer
Arthur S Gunn CPA
Phone
8476071040
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, 2019. 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, 2016, 2017 and 2018 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, 2016 are considered closed. The tax return for the year december 31, 2019 has not been filed as of the date of this report and is on extension until november 16, 2020.

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROPERTY MANAGEMENT AND YOUTH PROGRAMS
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2940792
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt39846
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt45560
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTANGIBLE ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENT IN LIMITED LIABILITY CORP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4REPLACEMENT RESERVE
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01046448
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01861321
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGES AND NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADVANCES PAYABLE - RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2REFUNDABLE ADVANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TENANT SECURITY DEPOSITS
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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, 2019. 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, 2016, 2017 AND 2018 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, 2016 ARE CONSIDERED CLOSED. THE TAX RETURN FOR THE YEAR DECEMBER 31, 2019 HAS NOT BEEN FILED AS OF THE DATE OF THIS REPORT AND IS ON EXTENSION UNTIL NOVEMBER 16, 2020.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NEAR WEST SIDE WESTERN LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0MANAGEMENT
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0216 S HOYNE ST
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0C 3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MANAGEMENT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0216 SOUTH HOYNE ST
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