Civic Intelligence

Greater Chatham Initiative Inc.

990 • Fiscal year 2017 • EIN 81-3276803

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

PO Box 19217Chicago, IL 60619

(773) 644-1451

Siviq Scores

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

Liabilities / Assets

55th percentile

0.05x

Higher debt load relative to assets than 55% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.14x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

3rd percentile

-98%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$115,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 39.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

97th percentile

207%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

55%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$791,858

Up $533,796 (+207%) from 2016

Net Assets

Up

$749,449

Up $492,188 (+191%) from 2016

Liabilities

Up

$42,409

Up $41,608 (+5195%) from 2016

Revenue

Up

$294,275

Up $104,075 (+55%) from 2016

Expenses

Up

$582,954

Up $440,015 (+308%) from 2016

Net Income

Down

-$288,679

Down $335,940 (-711%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$791,858
Liabilities$42,409
Net Assets$749,449

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$294,275
Expenses$582,954
Net Income-$288,679
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$294,275
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 neighborhoods of auburn gresham, avalon park, chatham, and greater grand crossing on a path to long-term economic growth and community vitality.

To develop activities and enterprises to help certain chicago south-side communities prosper

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$450,000-
Cash and Non-Interest-Bearing Accounts$256,386$339,138▲ $82,752
Prepaid Expenses and Deferred Charges-$2,720-
Land, Buildings, and Equipment, Net$1,676$0▼ $1,676
Total Assets$258,062$791,858▲ $533,796
Liabilities
Accounts Payable and Accrued Expenses$801$42,409▲ $41,608
Total Liabilities$801$42,409▲ $41,608
Net Assets / Fund Balance
Temporarily Rstr Net Assets$47,261$503,947▲ $456,686
Unrestricted Net Assets$210,000$245,502▲ $35,502
Total Net Assets Fund Balance$257,261$749,449▲ $492,188
Total Liabilities and Net Assets / Fund Balance$258,062$791,858▲ $533,796

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,903-$1,903

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,001,114$3,706--$503,947
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nedra Sims FearsExecutive DirectorFT$115,000$115,000
Revenue and Support

Revenue Composition

Contributions and Grants
$293,917
Program Service Revenue
$0
Investment Income
$137
Other Revenue
$221
All Other Contributions
$264,306
Change in Net Assets
$-288,679

Audited Revenue Reconciliation

Revenue per Audited Statements
$294,275
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,772
Total Revenue per Audited Statements
$298,047
Total Revenue per Form 990
$294,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,639
Salaries, Compensation, and Employee Benefits$267,315
Total Fundraising Expense$30,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$195,119$36,585$12,195$243,899
Fees for Services Management$90,312$86,240$14,768$191,320
Office Expenses$41,972$2,875$504$45,351
Occupancy$18,495$2,673$891$22,059
Payroll Taxes$17,526$3,286$1,095$21,907
Travel$11,242$2,303$703$14,248
Advertising$9,416--$9,416
Insurance$2,539$476$159$3,174
All Other Expenses$1,652$445$26$2,123
Other Expenses$4,025$1,617$252$1,617
Other Employee Benefits$1,207$227$75$1,509
Total Functional Expenses$400,097$152,189$30,668$582,954

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$586,726
Expenses per Audited Statements$582,954
Total Expenses per Form 990$582,954
Expenses Not Reported on Form 990$3,772
Expenses Not Reported on Financial Statements$0
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
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 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

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 inform 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
PO BOX 19217, CHICAGO, IL 60619

Signing Officer

Name
Nedra Sims Fears
Title
Executive Director
Phone
7736441451
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nedra Sims Fears
Formed
2016
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
7
Volunteers
0

Preparer

Firm
Mitchell & Titus Llp
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004
Phone
2127094500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

Prior period adjustment because 2016 return was prepared on a cash basis.

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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/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 PARK, ON A PRESPEROUS AND VITAL PATH AS THEY ESTABLISH THEIR PLACE IN THE 21ST CENTURY ECONOMY.
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IRS990/OtherExpensesGrp/FundraisingAmt0252
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011857
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1754
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22851
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31617
IRS990/OtherExpensesGrp/ProgramServicesAmt06592
IRS990/OtherExpensesGrp/ProgramServicesAmt14025
IRS990/OtherExpensesGrp/TotalAmt018449
IRS990/OtherExpensesGrp/TotalAmt15031
IRS990/OtherExpensesGrp/TotalAmt22851
IRS990/OtherExpensesGrp/TotalAmt31617
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0221
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0221
IRS990/OtherRevenueTotalAmt0221
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012195
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036585
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0195119
IRS990/OtherSalariesAndWagesGrp/TotalAmt0243899
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01095
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03286
IRS990/PayrollTaxesGrp/ProgramServicesAmt017526
IRS990/PayrollTaxesGrp/TotalAmt021907
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0450000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02720
IRS990/PrincipalOfficerNm0NEDRA SIMS FEARS
IRS990/PriorPeriodAdjustmentsAmt0780867
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0GCI CONDUCTED SEVERAL TROLLEY TOURS FOR 144 INTERESTED PERSONS. FEATURED AVAILABLE MICRO-MARKET RECOVERY, COOK COUNTY LANDBANK AND PRIVATE FOR-SALE HOUSING AND OTHER COMMUNITY AMENITIES. OF THE RIDERS, 8 PERSONS OR 18% INDICATED THEY WOULD BE INTERESTED IN BEING GREATER CHATHAM OWNER-OCCUPANTS. ORGANIZED AND HELD A PRE-TROLLEY TOUR BLOCK CLEANED-UP FOR SIX BLOCKS. CLEANUP VOLUNTEERS WERE INDIVIDUAL NEIGHBORS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt045000
IRS990/ProgSrvcAccomActy3Grp/Desc050 GREATER CHATHAM COMMUNITY MEMBERS, BUSINESS OWNERS, PROPERTY OWNERS AND CITY OFFICIALS CAME TOGETHER FOR THE FIRST COMMUNITY DISCUSSION ABOUT CHATHAM'S COMMERCIAL DESIGN GUIDELINES. PREPARED FOR THE LAUNCH OF A COMMUNITY BRANDING PROJECT, CHATHAM CENTER CHICAGO, WHICH WILL PUT 160 BUSINESSES ON A PHYSICAL MAP AND PROVIDE OVER 350 BUSINESSES WITH A WEB PRESENCE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0115000
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0145097
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0190200
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt014294
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt047261
IRS990/PYSalariesCompEmpBnftPaidAmt085261
IRS990/PYTotalExpensesAmt0142939
IRS990/PYTotalProfFndrsngExpnsAmt043384
IRS990/PYTotalRevenueAmt0190200
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-288679
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0293917
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0190200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0484117
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0358
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0358
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0484117
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0293917
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0190200
IRS990ScheduleA/Total509Grp/TotalAmt0484117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0294275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0190200
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0484475
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01001114
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03706
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0503947
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0500873
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt03772
IRS990ScheduleD/DonatedServicesUseFcltsAmt03772
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01903
IRS990ScheduleD/ExpensesNotReportedAmt03772
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0582954
IRS990ScheduleD/RevenueNotReportedAmt03772
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0294275
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01903
IRS990ScheduleD/TotalExpensesPerForm990Amt0582954
IRS990ScheduleD/TotalRevenuePerForm990Amt0294275
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0298047
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0586726
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE ORGANIZATION'S 990 IS PROVIDED TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO PROVIDE A CONFLICT OF INTEREST STATEMENT ANNUALLY,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S 990 IS MADE AVAILABLE UPON REQUEST AND INFORM REQUESTING PARTIES THAT IT'S ALSO AVAILABLE ON GUIDESTAR'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL REPORTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR PERIOD ADJUSTMENT BECAUSE 2016 RETURN WAS PREPARED ON A CASH BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 8
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt047261
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0503947
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0258062
IRS990/TotalAssetsEOYAmt0791858
IRS990/TotalAssetsGrp/BOYAmt0258062
IRS990/TotalAssetsGrp/EOYAmt0791858
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0293917
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030668
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0152189
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0400097
IRS990/TotalFunctionalExpensesGrp/TotalAmt0582954
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0801
IRS990/TotalLiabilitiesEOYAmt042409
IRS990/TotalLiabilitiesGrp/BOYAmt0801
IRS990/TotalLiabilitiesGrp/EOYAmt042409
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0257261

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