Civic Intelligence

Greater Chatham Initiative

EIN 81-3276803 • 501(c)3 • Chicago, IL

Profile

Greater chatham initiative, inc. (gci)is a collaboration among local and regional stakeholders to develop a comprehensive set of activities and enterprises tailored to help set the chicago south-side communities of chatham, auburn gresham, grand crossing and avalon.

640 E 79th St ChicagoChicago, IL 60619

www.greaterchathaminitiative.org

Siviq Scores

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

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

43rd percentile

1.3%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

46th percentile

2.4%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

84%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$1,411,406

Up $32,606 (+2.4%) from 2023

Liabilities

Up

$191,951

Up $3,427 (+1.8%) from 2023

Net Assets

Up

$1,219,455

Up $29,179 (+2.5%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin43rd percentile

Revenue

Up

$2,329,528

Up $1,060,485 (+84%) from 2023

Expenses

Up

$2,300,349

Up $335,103 (+17%) from 2023

Net Income

Up

$29,179

Up $725,382 (+104%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

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

$3.0M$2.0M$1.0M$0Assets 2016: $258,062Liabilities 2016: $801Net Assets 2016: $257,2612016Assets 2017: $791,858Liabilities 2017: $42,409Net Assets 2017: $749,4492017Assets 2018: $414,343Liabilities 2018: $36,204Net Assets 2018: $378,1392018Assets 2019: $275,301Liabilities 2019: $20,667Net Assets 2019: $254,6342019Assets 2020: $540,988Liabilities 2020: $129,706Net Assets 2020: $411,2822020Assets 2021: $916,321Liabilities 2021: $66,935Net Assets 2021: $849,3862021Assets 2022: $2,028,570Liabilities 2022: $142,091Net Assets 2022: $1,886,4792022Assets 2023: $1,378,800Liabilities 2023: $188,524Net Assets 2023: $1,190,2762023Assets 2024: $1,411,406Liabilities 2024: $191,951Net Assets 2024: $1,219,4552024

Highlighted filing

2024

Assets$1,411,406
Liabilities$191,951
Net Assets$1,219,455
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $190,200Expenses 2016: $142,939Net Income 2016: $47,2612016Revenue 2017: $294,275Expenses 2017: $582,954Net Income 2017: -$288,6792017Revenue 2018: $341,909Expenses 2018: $713,219Net Income 2018: -$371,3102018Revenue 2019: $464,256Expenses 2019: $626,910Net Income 2019: -$162,6542019Revenue 2020: $817,030Expenses 2020: $660,382Net Income 2020: $156,6482020Revenue 2021: $1,336,745Expenses 2021: $991,846Net Income 2021: $344,8992021Revenue 2022: $2,703,852Expenses 2022: $1,680,759Net Income 2022: $1,023,0932022Revenue 2023: $1,269,043Expenses 2023: $1,965,246Net Income 2023: -$696,2032023Revenue 2024: $2,329,528Expenses 2024: $2,300,349Net Income 2024: $29,1792024

Highlighted filing

2024

Revenue$2,329,528
Expenses$2,300,349
Net Income$29,179
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$1,411,406
Liabilities
$191,951
Net assets
$1,219,455
Revenue
$2,329,528
Expenses
$2,300,349
Net income
$29,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.41$0.19$1.22$2.33$2.30$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.19$1.19$1.27$1.97$0.70
2022Detailed filing. Detailed filing data is available for this year.$2.03$0.14$1.89$2.70$1.68$1.02
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.07$0.85$1.34$0.99$0.34
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.13$0.41$0.82$0.66$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.25$0.46$0.63$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.04$0.38$0.34$0.71$0.37
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.75$0.29$0.58$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.19$0.14$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$2,329,528
Mission and Program Overview

Mission

Greater chatham initiative, inc. (gci) is a collaboration among local and regional stakeholders to develop a comprehensive set of activities and enterprises tailored to help set the chicago south-side communities of chatham, auburn gresham, grand crossing and avalon park, on a presperous and vital path as they establish their place in the 21st century economy.

To implement integrated housing, work force,business development and public safety strategies for 4 chicago african-american neighborhoods--avalon park, auburn gresham, chatham, and greater grand crossing ,so they can continue to be neigborhoods of choice and opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$775,014$856,495▲ $81,481
Intangible Assets$362,656$362,656→ $0
Cash and Non-Interest-Bearing Accounts$157,993$102,342▼ $55,651
Land, Buildings, and Equipment, Net$39,220$39,220→ $0
Prepaid Expenses and Deferred Charges$10,620$24,850▲ $14,230
Accounts Receivable$8,009$555▼ $7,454
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$1,378,800$1,411,406▲ $32,606
Other Assets Total$25,288$25,288→ $0
Liabilities
Accounts Payable and Accrued Expenses$145,826$149,008▲ $3,182
Other Liabilities$42,698$42,943▲ $245
Total Liabilities$188,524$191,951▲ $3,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$514,325$1,219,455▲ $705,130
Net Assets With Donor Restrictions$675,951--
Total Net Assets Fund Balance$1,190,276$1,219,455▲ $29,179
Total Liabilities and Net Assets / Fund Balance$1,378,800$1,411,406▲ $32,606

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$39,220$39,220$78,440
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Darlene TribueAssistant Chair
Teresa PrimChairperson
Allison Porter-BellDirector
Anthony HardyDirector
John LeviDirector
Michael BennetDirector
Robin CarterDirector
Stacie YoungDirector
Terry YoungDirector
Urie ClarkDirector
Nedra FearsExecutive Director
Carlos NelsonSecretary
Donna ClarkeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,194,436
Program Service Revenue
$60,000
Investment Income
$0
Other Revenue
$75,092
All Other Contributions
$676,288
Change in Net Assets
$29,179

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,329,528
Total Revenue per Audited Statements
$2,329,528
Total Revenue per Form 990
$2,329,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,261,874
Other Expenses$1,038,475
Total Fundraising Expense$161,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$925,099$111,458$78,020$1,114,577
Fees for Services Other$260,562$31,393$21,975$313,930
All Other Expenses$133,575$16,093$11,265$160,933
Payroll Taxes$94,402$11,374$7,961$113,737
Occupancy$63,529$7,654$5,358$76,541
Fees for Services Accounting$48,982$5,901$4,131$59,014
Office Expenses$41,343$4,981$3,487$49,811
Other Expenses$32,216$3,882$2,717$38,815
Other Employee Benefits$27,855$3,356$2,349$33,560
Advertising$23,090$2,782$1,947$27,819
Insurance$17,706$2,133$1,493$21,332
Travel$14,152$1,705$1,194$17,051
Fees for Services Legal$9,089$1,095$766$10,950
Interest$773$93$65$931
Total Functional Expenses$1,909,292$230,034$161,023$2,300,349

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,300,349
Total Expenses per Audited Statements$2,300,349
Total Expenses per Form 990$2,300,349
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Cynthia SimsED's SisterConsulting WorkNo-
Delmar FearsED's SisterConsulting WorkNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
St Business Loan$23,691
Operating Lease Liability$18,438
other LTD$814
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

Governance Explanations

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

“A copy of the organization's 990 is provided to the board before filing.”

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

“Board members are required to provide a conflict of interest statement annually.”

Form 990, Part VI, Section C, Line 18

“The organization's 990 is made available upon request and informs requesting parties that it's also available on guidestar's website.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial reports available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Greater Chatham Initiative
EIN
81-3276803
Phone
7736441451
Address
640 E 79th St Chicago, CHICAGO, IL 60619

Signing Officer

Name
Nedra Sims Fears
Title
Executive Director
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nedra Sims Fears
Formed
2016
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
45
Volunteers
278

Preparer

Firm
Ringold Financial Management Services
Address
850 S WABASH AVE STE 320, CHICAGO, IL 60605
Preparer
Michelle Ringold
Phone
7084785850
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Organizations tax returns to determine whether the tax positions are more likely than not of being sustained when challenged or when examined by the applicable tax authority. For the year ended December 31, 2022 management has determined that there were no material uncertain tax positions.”

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IRS990/MissionDesc0GREATER CHATHAM INITIATIVE, INC. (GCI)IS A COLLABORATION AMONG LOCAL AND REGIONAL STAKEHOLDERS TO DEVELOP A COMPREHENSIVE SET OF ACTIVITIES AND ENTERPRISES TAILORED TO HELP SET THE CHICAGO SOUTH-SIDE COMMUNITIES OF CHATHAM, AUBURN GRESHAM, GRAND CROSSING AND AVALON.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Housing Development is a key Greater Chatham Initiative goal - both attracting new and retaining existing renters and homeowners. GCI, is a Community Partner for the City of Chicago Micro Market Recovery Program. Greater Chatham Initiative has helped reduce the vacancy rate in our 110-block MMRP area from 8% to 5% by (117 properties reoccupied), helped residents secure $260,000 in housing improvement grants, assisted 4 families in obtaining Wills and Transfer On Death Instruments, and carried out numerous block cleanups. While doing this work Greater Chatham has gained valuable insight on drivers of vacancies and what tools solve the problems.Three years prior to the Pandemic, Greater Chatham Initiative conducted summer home buyer tours, and held the following mentioned tactical activation activities such as Dining on the 5, 75th Street Boardwalk to bring visitors to and acquaint them with the area. Greater Chatham Initiative provided booklets that extolled our excellent public and charter schools. The multi-prong efforts paid off. Greater Chatham is a modest growth area that is not experiencing gentrification despite its substantial median housing sales price increase of 41% for 14-unit properties 2019 to 2020. Chatham is one of the few Black neighborhoods where the population increased 2% from 2010 to 2020, and the homeownership rate increased 1.8%.
IRS990/ProgSrvcAccomActy3Grp/Desc0Workforce Development are activities providing career pathways for residents to keep or maintain living wage/middle-skill jobs. We have held or co-produced six job fairs that led to dozens of pre-Pandemic job placements. Most recently we have fought hard to secure 5 workers for local restaurants.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Business Developmennt are activities Greater Chatham Initiative has featured. FoodLab Chicago a GCI program that has assisted with operations, stability, and improvement of 36 Greater Chatham, South Shore, and Englewood food businesses. The restaurant owner/operators received $3.2 million in grants and loans in 2020-2022. FoodLab Chicago also completed a market study of 18 restaurants, their plate types, costs, and trends. FoodLab Chicago also developed for select restaurants 6 new, on-trend plates that are culturally appropriate, high quality, nutritionally rich and calorie conscious. Greater Chatham Initiative has helped 49 non-food business owners receive $5.1 million in loans and grants from 2017 and 2019. In 2021 Greater Chatham Initiative formed the new Soul Delivered, which is a L3C Business-to-Business food delivery service that will serve South Side restauranteurs customers. By delivering meals at a much-reduced costs for 18 Black-owned restaurants allows those entrepreneurs to have a sustainable delivery service business model
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Public Safety re safety activities Greater Chatham Initiative executes through its Restorative Practice programs. In 2019 Greater Chatham Initiative provided to the City of Chicago Department of Public Health Restorative Justice introductory sessions, Chatham Chatham's introductory sessions and community circles, Circle Keeper Trainings, Circle Keeper Intensive training, community building circles, and community check-in circles. During the first two years Greater Chatham Initiative served 524 unduplicated persons: 325 in 2019 and 199 in 2020. Of the 426 persons we have demographic data for, 275 or 64% were youths, 151 or 36% were adults, 299 or 60% were female, and 197 or 40% were male. Consistent with the community, 95% were black, 1% were Latinx, 2% were mixed-race, and 2% were other.Now in 2021 or the 3rd program year, the program continues to grow. More than 500 unduplicated youths and adults who reside in the Greater Chatham communities have participated in Restorative Justice introductory sessions, Restorative Chats and Circles, Community Building, Trauma and Healing Circles, Circle Keeper Trainings, Circle Keeper Intensive training, and World Caf workshops. Greater Chatham Initiative supported 270 businesses after the summer 2020 civil unrest.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Place Making activities maintain the area's rich cultural, and business and personal legacies. Greater Chatham Initiative started Dining on the 5, a summer outdoor dining activity from 2017-2020 built community and drove traffic to 11 food-establishments located along a 4-block corridor that is known as Restaurant Row (200-440 East on 75th Street, Chicago, Illinois). Annually, it drew 125,000 residents and visitors. Sales increase by 10% or $2.4-3.6 million for 11 food-establishments for 90 days. Dining on the 5 morphed into the award-winning 75th Street Boardwalk on Restaurant Row, when during fall 2020, the Greater Chatham Initiative, in collaboration with SiteDesign, Westbrook Architects, Krueck Sexton Partners, City of Chicago Department of Planning and Department of Transportation transformed a 2-block corridor. The 75th Street Boardwalk was located at 203-328 E. 75th Street into a spectacular placekeeping project where 359 linear feet is turned into 13-area great rooms. Half of the rooms were used for outdoor dining space for restaurants. The Greater Chatham Initiative activated the space with ten-events in 2020 and 2021 where 850 residents and visitors participated. The Boardwalk received the CNDA, Congress for the New Urbanism and the 2020-2021 Merit Award for Design from the Illinois Chapter of the American Society of Landscape Architects awards. Early on, Greater Chatham Initiative created a new Chatham Center Chicagoa branded commercial retail area that has an accompanying online directory of 300 merchants and service providers.Now in 2021 or the 3rd program year, the program continues to grow. More than 500 unduplicated youths and adults who reside in the Greater Chatham communities have participated in Restorative Justice introductory sessions, Restorative Chats and Circles, Community Building, Trauma and Healing Circles, Circle Keeper Trainings, Circle Keeper Intensive training, and World Caf workshops. Greater Chatham Initiative supported 270 businesses after the summer 2020 civil unrest. Placekeeping and placemaking activities maintain the area's rich cultural, and business and personal legacies. Greater Chatham Initiative started Dining on the 5, a summer outdoor dining activity from 2017-2020 built community and drove traffic to 11 food-establishments located along a 4-block corridor that is known as Restaurant Row (200-440 East on 75th Street, Chicago, Illinois). Annually, it drew 125,000 residents and visitors. Sales increase by 10% or $2.4-3.6 million for 11 food-establishments for 90 days. Dining on the 5 morphed into the award-winning 75th Street Boardwalk on Restaurant Row, when during fall 2020, the Greater Chatham Initiative, in collaboration with SiteDesign, Westbrook Architects, Krueck Sexton Partners, City of Chicago Department of Planning and Department of Transportation transformed a 2-block corridor. The 75th Street Boardwalk was located at 203-328 E. 75th Street into a spectacular placekeeping project where 359 linear feet is turned into 13-area great rooms. Half of the rooms were used for outdoor dining space for restaurants. The Greater Chatham Initiative activated the space with ten-events in 2020 and 2021 where 850 residents and visitors participated. The Boardwalk received the CNDA, Congress for the New Urbanism and the 2020-2021 Merit Award for Design from the Illinois Chapter of the American Society of Landscape Architects awards. Early on, Greater Chatham Initiative created a new Chatham Center Chicagoa branded commercial retail area that has an accompanying online directory of 300 merchants and service providers. Corridor Development activities of the Greater Chatham Initiative is opening its first node on a 1-mile stretch along 79th Street from State Street to Cottage Grove Avenue. The District is named after its famous resident, and is called the Mahalia Jackson Arts District. The first node is located in a storefront at 735 E. 79th Street storefront in November 2021; it is called Ar
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