Civic Intelligence

West Ridge Chamber of Commerce

EIN 36-3843120 • 501(c)6 • Chicago, IL

Profile

Promote economic development in the westridge area community of chicago.

6445 N Western Ave Unit 304Chicago, IL 60645

www.westridgechamber.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.66x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

69th percentile

0.04x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

41st percentile

-3.7%

Higher net margin than 41% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

53rd percentile

0.1%

Faster asset growth than 53% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$4,567

Down $14,459 (-76%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$4,567

Down $14,459 (-76%) from 2023

Operations
Liabilities / Revenue69th percentileNet Margin41st percentile

Revenue

Up

$68,009

Up $5,237 (+8.3%) from 2023

Expenses

Down

$82,468

Down $2,951 (-3.5%) from 2023

Net Income

Up

-$14,459

Up $8,188 (+36%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0-$50KAssets 2010: $119,111Liabilities 2010: $90,786Net Assets 2010: $28,3252010Assets 2011: $80,185Liabilities 2011: $37,312Net Assets 2011: $42,8732011Assets 2012: $47,530Liabilities 2012: $6,609Net Assets 2012: $40,9212012Assets 2013: $37,533Liabilities 2013: $14,909Net Assets 2013: $22,6242013Assets 2014: $1,101Liabilities 2014: $16,822Net Assets 2014: -$15,7212014Assets 2015: $19,009Liabilities 2015: $0Net Assets 2015: $19,0092015Assets 2016: $3,084Liabilities 2016: $0Net Assets 2016: $3,0842016Assets 2017: $3,513Liabilities 2017: $0Net Assets 2017: $3,5132017Assets 2018: $3,693Liabilities 2018: $0Net Assets 2018: $3,6932018Assets 2019: -$20,509Liabilities 2019: $0Net Assets 2019: -$20,5092019Assets 2020: -$20,261Liabilities 2020: $0Net Assets 2020: -$20,2612020Assets 2021: $2,392Net Assets 2021: $4,7142021Assets 2022: $58,073Net Assets 2022: $58,0732022Assets 2023: $19,026Liabilities 2023: $0Net Assets 2023: $19,0262023Assets 2024: $4,567Liabilities 2024: $0Net Assets 2024: $4,5672024

Highlighted filing

2024

Assets$4,567
Liabilities$0
Net Assets$4,567
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $248,1112010Expenses 2011: $274,3832011Expenses 2012: $268,7692012Revenue 2013: $264,650Expenses 2013: $282,947Net Income 2013: -$18,2972013Revenue 2014: $208,183Expenses 2014: $246,528Net Income 2014: -$38,3452014Revenue 2015: $406,759Expenses 2015: $372,029Net Income 2015: $34,7302015Revenue 2016: $452,462Expenses 2016: $312,309Net Income 2016: $140,1532016Revenue 2017: $53,945Expenses 2017: $53,516Net Income 2017: $4292017Revenue 2018: $56,490Expenses 2018: $56,315Net Income 2018: $1752018Revenue 2019: $74,849Expenses 2019: $99,051Net Income 2019: -$24,2022019Revenue 2020: $79,260Expenses 2020: $79,012Net Income 2020: $2482020Revenue 2021: $94,371Expenses 2021: $91,324Net Income 2021: $3,0472021Revenue 2022: $142,466Expenses 2022: $86,785Net Income 2022: $55,6812022Revenue 2023: $62,772Expenses 2023: $85,419Net Income 2023: -$22,6472023Revenue 2024: $68,009Expenses 2024: $82,468Net Income 2024: -$14,4592024

Highlighted filing

2024

Revenue$68,009
Expenses$82,468
Net Income-$14,459
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,567
Liabilities
$0
Net assets
$4,567
Revenue
$68,009
Expenses
$82,468
Net income
-$14,459
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.68$0.82$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.63$0.85$0.23
2022Detailed filing. Detailed filing data is available for this year.$0.58$0.58$1.42$0.87$0.56
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.05$0.94$0.91$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.79$0.79$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.75$0.99$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.56$0.56$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.54$0.54$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$4.52$3.12$1.40
2015Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$4.07$3.72$0.35
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.17$0.16$2.08$2.47$0.38
2013Detailed filing. Detailed filing data is available for this year.$0.38$0.15$0.23$2.65$2.83$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.07$0.41$2.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.37$0.43$2.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.91$0.28$2.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.1
Gross Receipts
$68,009
Mission and Program Overview

Mission

Promote economic development in the west ridge area community of chicago

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,026$4,567▼ $14,459
Total Assets$19,026$4,567▼ $14,459
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,026$4,567▼ $14,459
Total Net Assets Fund Balance$19,026$4,567▼ $14,459
Total Liabilities and Net Assets / Fund Balance$19,026$4,567▼ $14,459
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Irving LaoundyPresident
Brian KaseDirector
Gary SpanlgerDirector
Geri Ann CangelosiDirector
Jamila IsmailDirector
Janette CameronDirector
Keite MccormickDirector
Leroy ViamilleDirector
Michael FrankDirector
Michael RatajDirector
Richard HoganDirector
Andrew RowlasSecretary
Michael LanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$57,626
Program Service Revenue
$10,383
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-14,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$57,544
Other Expenses$24,924
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,429$20,430$0$40,859
Other Employee Benefits$8,343$8,342$0$16,685
Fees for Services Accounting$0$0$0$5,863
Office Expenses$1,961$1,960$0$3,921
Other Expenses$994$993$0$1,987
Insurance$478$478$0$956
Advertising$0$335$0$335
Interest$0$179$0$179
Conferences and Meetings$0$119$0$119
Fees for Services Legal$0$0$0$119
Travel$0$80$0$80
Total Functional Expenses$42,389$34,097$0$82,468
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
West Ridge Chamber of Commerce
EIN
36-3843120
Phone
7734232424
Address
6445 N WESTERN AVE UNIT 304, CHICAGO, IL 60645

Signing Officer

Name
Irving Loundy
Title
President
Phone
7734232424
Signed
2025-05-01

Organization Details

Principal Officer
Irving Loundy
Formed
1992
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
0

Preparer

Firm
Skcpa LLC
Address
6116 N LINCOLN AVE, CHICAGO, IL 60659
Preparer
Sunghoon Son CPA Mba
Phone
7734630700
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“No review wa or will be conducted”

Pt VI, Line 19

“No documents available to the public”

Raw XML Appendix356 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WA OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0IRVING LOUNDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07734232424
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST RIDGE CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0363843120
ReturnHeader/Filer/PhoneNum07734232424
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ReturnHeader/Filer/USAddress/CityNm0CHICAGO
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270275808
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKCPA LLC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
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ReturnHeader/PreparerPersonGrp/PhoneNum07734630700
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUNGHOON SON CPA MBA
ReturnHeader/ReturnTs02025-05-14T07:48:18-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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