Civic Intelligence

Chicago Southland Economic

EIN 36-4248732 • 501(c)3 • East Hazel Crest, IL

Profile

To identify, organize and mobilize public and private resources that will result in the creation and expansion of manufacturing and logistics companies along with new retail and commercial growth, thereby providing economic growth and sustainable carrers in the southland.

1916 174th StreetEast Hazel Crest, IL 60429

csedcworks.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

48th percentile

3.2%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$55,553

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 33.2% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

7th percentile

-38%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-32%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$604,352

Down $374,223 (-38%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$604,352

Down $374,223 (-38%) from 2023

Operations
Liabilities / Revenue34th percentileNet Margin48th percentile

Revenue

Down

$270,201

Down $126,467 (-32%) from 2023

Expenses

Up

$261,424

Up $9,255 (+3.7%) from 2023

Net Income

Down

$8,777

Down $135,722 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

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

$1.0M$500K$0Assets 2017: $119,287Net Assets 2017: $119,2872017Assets 2018: $111,001Liabilities 2018: $26,000Net Assets 2018: $85,0012018Assets 2019: $89,281Liabilities 2019: $1,800Net Assets 2019: $87,4812019Assets 2020: $96,440Liabilities 2020: $10,274Net Assets 2020: $86,1662020Assets 2021: $386,421Liabilities 2021: $36,102Net Assets 2021: $350,3192021Assets 2022: $839,872Liabilities 2022: $5,796Net Assets 2022: $834,0762022Assets 2023: $978,575Liabilities 2023: $0Net Assets 2023: $978,5752023Assets 2024: $604,352Liabilities 2024: $0Net Assets 2024: $604,3522024

Highlighted filing

2024

Assets$604,352
Liabilities$0
Net Assets$604,352
Open 2024 Filing

Operations Trend

Revenue Growth11th percentile

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

$1.0M$500K$0-$500KRevenue 2017: $121,295Expenses 2017: $99,661Net Income 2017: $21,6342017Revenue 2018: $175,804Expenses 2018: $210,090Net Income 2018: -$34,2862018Revenue 2019: $200,860Expenses 2019: $198,380Net Income 2019: $2,4802019Revenue 2020: $167,356Expenses 2020: $168,671Net Income 2020: -$1,3152020Revenue 2021: $512,493Expenses 2021: $248,340Net Income 2021: $264,1532021Revenue 2022: $926,223Expenses 2022: $442,466Net Income 2022: $483,7572022Revenue 2023: $396,668Expenses 2023: $252,169Net Income 2023: $144,4992023Revenue 2024: $270,201Expenses 2024: $261,424Net Income 2024: $8,7772024

Highlighted filing

2024

Revenue$270,201
Expenses$261,424
Net Income$8,777
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$604,352
Liabilities
$0
Net assets
$604,352
Revenue
$270,201
Expenses
$261,424
Net income
$8,777
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.04$0.00$6.04$2.70$2.61$0.09
2023Detailed filing. Detailed filing data is available for this year.$9.79$0.00$9.79$3.97$2.52$1.44
2022Detailed filing. Detailed filing data is available for this year.$8.40$0.06$8.34$9.26$4.42$4.84
2021Detailed filing. Detailed filing data is available for this year.$3.86$0.36$3.50$5.12$2.48$2.64
2020Detailed filing. Detailed filing data is available for this year.$0.96$0.10$0.86$1.67$1.69$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.02$0.87$2.01$1.98$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.26$0.85$1.76$2.10$0.34
2017Detailed filing. Detailed filing data is available for this year.$1.19$1.19$1.21$1.00$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$274,758
Mission and Program Overview

Mission

To coordinate a joint strategic economic development program for the regions in the chicago metropolitan area known as the "chicago southland".

The chicago southland economic development corporation has made substantial progress in advancing key economic initiatives, strengthening industry relationships, and supporting both businesses and workforce development. By continuing to drive investment, innovation, and infrastructure improvements, csedc remains committed to fostering sustainable economic growth and enhancing the prosperity of the southland region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$475,094$518,186▲ $43,092
Cash and Non-Interest-Bearing Accounts$67,091$51,697▼ $15,394
Savings and Temporary Cash Investments$428,390$26,469▼ $401,921
Accounts Receivable$8,000$8,000→ $0
Total Assets$978,575$604,352▼ $374,223
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$978,575$604,352▼ $374,223
Total Net Assets Fund Balance$978,575$604,352▼ $374,223
Total Liabilities and Net Assets / Fund Balance$978,575$604,352▼ $374,223

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$488,866$27,361$516,227
Equipment$11,034$69,013$80,047
Other Land Buildings$18,286$38,976$57,262
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Reggie GreenwoodExecutive DiPT$36,110$36,110

Board Members and Trustees

NameTitle
Michael ScholefieldChairman
Joseph Roudez IiiTrustee
Mary SchmidtTrustee
Monica GordonTrustee
Tawny SmithTrustee
Edward PaeselSecretary
Mark ThompsonTreasurer
Richard ReinboldVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$216,643
Program Service Revenue
$52,000
Investment Income
$15
Other Revenue
$1,543
All Other Contributions
$216,643
Change in Net Assets
$8,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,314
Salaries, Compensation, and Employee Benefits$36,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$63,210$27,090-$90,300
Occupancy$25,626$10,982-$36,608
Current Officers, Directors, Trustees, and Key Employees$25,277$10,833-$36,110
Fees for Services Accounting$15,248$6,534-$21,782
Depreciation Depletion$13,737$5,887-$19,624
Fees for Services Other$12,734$5,457-$18,191
Fees for Services Legal$8,974$3,846-$12,820
Insurance$5,627$2,412-$8,039
Advertising$2,678$1,147-$3,825
Office Expenses$1,470$630-$2,100
Conferences and Meetings$701$301-$1,002
Travel$526$225-$751
All Other Expenses$93$41-$134
Other Expenses$81$34-$115
Total Functional Expenses$182,998$78,426$0$261,424
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,100
Fundraising Direct Expenses$4,557
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

“All board members review and approve return before filing.”

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

“Upon becoming aware of a potential conflict of interest, the indivdual must fully disclose all relevant facts to the board of directors, refrain from participating in any discussions or decision-making process related to thr matter in question. Abstain from voting on any matter where a conflict exists. Violatons of this policy may result in disciplinary action, up to and including termination of employment or removal from the board of directors.”

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

“All paid positions and associated salary are reviewed and agreed upon by the board of dircectors annually.”

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

“All paid positions and associated salary are reviwed and agreed upon by the board of directos annually.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available to the general public upon request at the adm inistration office.”

Filing and Contact Details

Filer

Filer Name
Chicago Southland Economic
EIN
36-4248732
Phone
7085190432
Address
1916 174TH STREET, EAST HAZEL CREST, IL 60429

Signing Officer

Name
Reggie Greenwood
Title
Executive Director
Phone
7085190432
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reggie Greenwood
Formed
1998
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
O'NEILL & GASPARDO LLC
Address
19070 S EVERETT BLVD UNIT 208, MOKENA, IL 60448
Preparer
Nick D Smith
Phone
7084782900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The chicago southland economic development corporation has made substantial progress in advancing key economic initiatives, strengthening industry relationships, and supporting both businesses and workforce development. By continuing to drive investment, innovation, and infrastructure improvements, csedc remains committed to fostering sustainable economic growth and enhancing the prosperity of the southland region.”

Form 990, Part XI, Line 9

“Repayment of grant -383,000”

Raw XML AppendixShowing 400 of 411 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/ProgSrvcAccomActy2Grp/Desc0ENGAGING YOUTH THROUGH STEM AND WORKFORCE DEVELOPMENT- RECOGNIZING THE IMPORTANCE OF WORKFORCE DEVELOPMENT, CSEDC CONTINUED ITS EFFORTS TO CONNECT LOCAL BUSINESSES WITH HIGH SCHOOL STUDENTS THROUGH THE SOUTHWORKS ENGINEERING AND ROBOTICS COMPETITION. THIS YEAR-LONG PROGRAM PROVIDED HANDS-ON EXPERIENCE AND EXPOSURE TO STEM-RELATED FIELDS, WITH OVER 500 HIGH SCHOOL STUDENTS PARTICIPATING. THE INITIATIVE NOT ONLY FOSTERED INNOVATION AND TECHNICAL SKILLS AMONG STUDENTS BUT ALSO STRENGTHENED THE PIPELINE FOR FUTURE TALENT IN THE REGION'S ENGINEERING AND TECHNOLOGY SECTORS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHICAGO SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION HAS MADE SUBSTANTIAL PROGRESS IN ADVANCING KEY ECONOMIC INITIATIVES, STRENGTHENING INDUSTRY RELATIONSHIPS, AND SUPPORTING BOTH BUSINESSES AND WORKFORCE DEVELOPMENT. BY CONTINUING TO DRIVE INVESTMENT, INNOVATION, AND INFRASTRUCTURE IMPROVEMENTS, CSEDC REMAINS COMMITTED TO FOSTERING SUSTAINABLE ECONOMIC GROWTH AND ENHANCING THE PROSPERITY OF THE SOUTHLAND REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS REVIEW AND APPROVE RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON BECOMING AWARE OF A POTENTIAL CONFLICT OF INTEREST, THE INDIVDUAL MUST FULLY DISCLOSE ALL RELEVANT FACTS TO THE BOARD OF DIRECTORS, REFRAIN FROM PARTICIPATING IN ANY DISCUSSIONS OR DECISION-MAKING PROCESS RELATED TO THR MATTER IN QUESTION. ABSTAIN FROM VOTING ON ANY MATTER WHERE A CONFLICT EXISTS. VIOLATONS OF THIS POLICY MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION OF EMPLOYMENT OR REMOVAL FROM THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL PAID POSITIONS AND ASSOCIATED SALARY ARE REVIEWED AND AGREED UPON BY THE BOARD OF DIRCECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL PAID POSITIONS AND ASSOCIATED SALARY ARE REVIWED AND AGREED UPON BY THE BOARD OF DIRECTOS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AT THE ADM INISTRATION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REPAYMENT OF GRANT -383,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0REGGIE GREENWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIR.
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHICAGO SOUTHLAND ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CHIC
ReturnHeader/Filer/EIN0364248732
ReturnHeader/Filer/PhoneNum07085190432
ReturnHeader/Filer/USAddress/AddressLine1Txt01916 174TH STREET
ReturnHeader/Filer/USAddress/CityNm0EAST HAZEL CREST
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362646009
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0O'NEILL & GASPARDO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt019070 S EVERETT BLVD UNIT 208

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