Civic Intelligence

Southland Development Authority Nfp

990 • Fiscal year 2019 • EIN 84-2818243

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 25, 2020

Organization ProfileWWW.SOUTHLANDDEVELOPMENT.ORG
30 W Monroe St No 510Chicago, IL 60603

(312) 332-6295

Siviq Scores

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

Liabilities / Assets

89th percentile

0.66x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.48x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets89th percentile

Assets

$437,334

No earlier filing loaded for comparison.

Net Assets

$149,598

No earlier filing loaded for comparison.

Liabilities

$287,736

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin80th percentile

Revenue

$605,000

No earlier filing loaded for comparison.

Expenses

$455,402

No earlier filing loaded for comparison.

Net Income

$149,598

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2019: $437,334Liabilities 2019: $287,736Net Assets 2019: $149,5982019Assets 2020: $1,017,081Liabilities 2020: $950,189Net Assets 2020: $66,8922020Assets 2021: $540,277Liabilities 2021: $1,094,225Net Assets 2021: -$553,9482021Assets 2022: $1,221,365Liabilities 2022: $1,220,724Net Assets 2022: $6412022Assets 2024: $615,692Liabilities 2024: $529,435Net Assets 2024: $86,2572024

Highlighted filing

2019

Assets$437,334
Liabilities$287,736
Net Assets$149,598
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $605,000Expenses 2019: $455,402Net Income 2019: $149,5982019Revenue 2020: $1,958,226Expenses 2020: $2,040,932Net Income 2020: -$82,7062020Revenue 2021: $1,631,177Expenses 2021: $1,960,297Net Income 2021: -$329,1202021Revenue 2022: $2,417,391Expenses 2022: $1,862,904Net Income 2022: $554,4872022Revenue 2024: $3,591,610Expenses 2024: $3,487,686Net Income 2024: $103,9242024

Highlighted filing

2019

Revenue$605,000
Expenses$455,402
Net Income$149,598
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 25, 2020
Return Version
2019v5.1
Gross Receipts
$605,000
Mission and Program Overview

Mission

The southland development authority (sda) was launched in 2019 with a mission to collaboratively design and support implementation of comprehensive, transformative, inclusive economic growth in cook county's south suburbs. Sda seeks to re-establish the southland as a major hub of economic activity, revitalizing the area as a unique set of communities that celebrates and engages its rich history and diversity. Inclusive economic growth has been a founding principle of the sda, informing all of its programs and activities with a focus on the following dimensions:1.ownership - growing business and real estate ownership by people of color.2.employment - increasing the employment of workers of color in quality jobs with strong career ladder.3.location and access - ensuring disadvantaged populations can live near job centers.4.participation - growing diverse representation at the relevant private, public and civic sector "tables," where growth strategies are shaped and implemented.

To re-establish the chicago southland as an economic driver for the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$437,334-
Loans From Officers Directors-$287,736-
Total Assets$0$437,334▲ $437,334
Liabilities
Total Liabilities$0$287,736▲ $287,736
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$149,598-
Total Net Assets Fund Balance$0$149,598▲ $149,598
Total Liabilities and Net Assets / Fund Balance$0$437,334▲ $437,334
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Bo KempCo-chair
Diane WilliamsCo-chair
Robert WeissbourdPresident
Bill SteersDirector
David AgostoDirector
David DoigDirector
Elaine MaimonDirector
Felicia HardyDirector
Frank M ClarkDirector
Kristi DelaurentiisDirector
Nancy WilsonDirector
Richard ReinboldDirector
Russell RydinDirector
Steven KochDirector
Tim HillDirector
Vernard Alsberry JrDirector
Liz CastanedaSecretary
Lyneir RichardsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rw Ventures LLCManagement And Consulting30 W MONROE STREET, Chicago, IL 60603$455,276
Revenue and Support

Revenue Composition

Contributions and Grants
$605,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$605,000
Change in Net Assets
$149,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$455,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$455,276--$455,276
Other Expenses-$126-$126
Total Functional Expenses$455,276$126$0$455,402
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
-RW VENTURES LLC IS 100% OWNED BY AN OFFICERRw Ventures LLC Provided Management and Consulting Services for the Organization.No$455,276

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$287,736-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 A, Line 2

“Lyneir richardson and robert weissbourd - business relationship”

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

“No review was conducted or will be conducted.”

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

“Board members were asked to identify any conflicts of interest at the time of board formation and the process will be repeated in 2020.”

Form 990, Part VI, Section C, Line 19

“Documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Southland Development Authority Nfp
EIN
84-2818243
Phone
3123326295
Address
30 W MONROE ST NO 510, CHICAGO, IL 60603

Signing Officer

Name
Robert Weissbourd
Title
President
Phone
3123326295
Signed
2020-11-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Weissbourd
Formed
2019
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
0

Preparer

Firm
Gimbel Abrams Singer Llp
Address
10 S RIVERSIDE PLAZA SUITE 1770, CHICAGO, IL 60606-3710
Preparer
Stephen F Garley
Phone
3127821010
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Subcontractors: program service expenses 455,276. Management and general expenses 0. Fundraising expenses 0. Total expenses 455,276.”

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SOUTHLAND DEVELOPMENT AUTHORITY NFP WAS FOUNDED IN 2019.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0605000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0605000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0605000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0605000
IRS990ScheduleA/Total509Grp/TotalAmt0605000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0605000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0605000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RW VENTURES LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RW VENTURES LLC IS 100% OWNED BY AN OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0455276
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RW VENTURES LLC PROVIDED MANAGEMENT AND CONSULTING SERVICES FOR THE ORGANIZATION.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0287736
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0RW VENTURES LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0ACCOUNTS PAYABLE FOR SERVICES RENDERED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0287736
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CONTROLLED ENTITY OF AN OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt0287736
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LYNEIR RICHARDSON AND ROBERT WEISSBOURD - BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS CONDUCTED OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS WERE ASKED TO IDENTIFY ANY CONFLICTS OF INTEREST AT THE TIME OF BOARD FORMATION AND THE PROCESS WILL BE REPEATED IN 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 455,276. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 455,276.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0437334
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0437334
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0605000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0126
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0455276
IRS990/TotalFunctionalExpensesGrp/TotalAmt0455402
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0287736
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0287736
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0149598
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0455276
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0605000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0437334
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt030 W MONROE STREET SUITE 510
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060603
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0HTTPS://WWW.SOUTHLANDDEVELOPMENT.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT WEISSBOURD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03123326295
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHLAND DEVELOPMENT AUTHORITY NFP
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0842818243
ReturnHeader/Filer/PhoneNum03123326295
ReturnHeader/Filer/USAddress/AddressLine1Txt030 W MONROE ST NO 510
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060603
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01E2808073292F028EE8CFE3A3B32210DD96EFF41
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId068B024707B679C47535B52FFE0BDDC0256448209
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId0363469202032103c3e32
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.47.138.74
ReturnHeader/FilingSecurityInformation/IPDt02020-11-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:24:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363663184
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GIMBEL ABRAMS SINGER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 S RIVERSIDE PLAZA SUITE 1770
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0606063710
ReturnHeader/PreparerPersonGrp/PhoneNum03127821010
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN F GARLEY
ReturnHeader/ReturnTs02020-11-25T09:59:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-08
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$437,334
Liabilities
$287,736
Net assets
$149,598
Revenue
$605,000
Expenses
$455,402
Net income
$149,598
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.53$0.09$3.59$3.49$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$1.22$0.00$2.42$1.86$0.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$1.09$0.55$1.63$1.96$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.95$0.07$1.96$2.04$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.29$0.15$0.61$0.46$0.15