Civic Intelligence

Southland Development Authority Nfp

990 • Fiscal year 2020 • EIN 84-2818243

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

17730 Oak Park Ave No DTinley Park, IL 60477

(708) 722-6070

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.49x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

29th percentile

-4.2%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

94th percentile

133%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

224%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,017,081

Up $579,747 (+133%) from 2019

Net Assets

Down

$66,892

Down $82,706 (-55%) from 2019

Liabilities

Up

$950,189

Up $662,453 (+230%) from 2019

Revenue

Up

$1,958,226

Up $1,353,226 (+224%) from 2019

Expenses

Up

$2,040,932

Up $1,585,530 (+348%) from 2019

Net Income

Down

-$82,706

Down $232,304 (-155%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$1,017,081
Liabilities$950,189
Net Assets$66,892

Operations Trend

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

2020

Revenue$1,958,226
Expenses$2,040,932
Net Income-$82,706
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,958,226
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$805,939-
Cash and Non-Interest-Bearing Accounts$437,334$183,615▼ $253,719
Prepaid Expenses and Deferred Charges-$27,527-
Total Assets$437,334$1,017,081▲ $579,747
Liabilities
Other Liabilities$287,736$491,563▲ $203,827
Accounts Payable and Accrued Expenses-$458,626-
Total Liabilities$287,736$950,189▲ $662,453
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$149,598$66,892▼ $82,706
Total Net Assets Fund Balance$149,598$66,892▼ $82,706
Total Liabilities and Net Assets / Fund Balance$437,334$1,017,081▲ $579,747
Compensation and Service Providers

Board Members and Trustees

NameTitle
Diane WilliamsCo-chair
Bo KempCEO & President From 4/1/20
Robert WeissbourdInterim President Until 3/31/20
Bill SteersDirector
Craig HowardDirector
David AbshireDirector
David AgostoDirector
David DoigDirector
Dr Cheryl GreenDirector
Felicia HardyDirector
Frank M ClarkDirector
Jeff AllenDirector
Kristi DelaurentiisDirector
Nancy WilsonDirector
Rick ReinboldDirector
Steve KochDirector
Tim HillDirector
Vernard Alsberry JrDirector
Russell RydinDirector Until 6/30/20
Elaine MaimonDirector Until 9/30/20
Irene SheerEx-officio
Liz CastanedaSecretary
Lyneir RichardsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rw Ventures LLCManagement And Consulting30 W MONROE STREET, Chicago, IL 60603$820,724
Revenue and Support

Revenue Composition

Contributions and Grants
$1,958,218
Program Service Revenue
$0
Investment Income
$8
Other Revenue
$0
All Other Contributions
$497,250
Change in Net Assets
$-82,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,016,092
Salaries, Compensation, and Employee Benefits$24,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,175,682$671,284-$1,846,966
Advertising$43,414$10,245-$53,659
Fees for Services Legal-$50,585-$50,585
Other Salaries and Wages$19,872$4,968-$24,840
Fees for Services Accounting-$6,210-$6,210
Insurance-$4,401-$4,401
Information Technology$60$2,120-$2,180
Office Expenses-$429-$429
Other Expenses-$249-$249
Total Functional Expenses$1,239,028$801,904$0$2,040,932
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 ROBERT WEISSBOURDRw Ventures LLC Provided Management and Consulting Services for the Organization.No$820,724
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Rw Ventures LLC$491,563
Governance and Compliance

Governance Checklist

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

The controller and ceo the review the draft form 990 prepared by an cpa firm, and then send the return to the finance committee and board for their review.

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 2021.

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
7087226070
Address
17730 OAK PARK AVE NO D, TINLEY PARK, IL 60477

Signing Officer

Name
Bo Kemp
Title
CEO & President
Phone
7087226070
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bo Kemp
Formed
2019
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
1
Volunteers
23

Preparer

Firm
Mitchell & Titus Llp
Address
80 PINE STREET, NEW YORK, NY 10005
Preparer
Frederick E Davis Jr
Phone
2127094500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Labor: program service expenses 274,650. Management and general expenses 513,668. Fundraising expenses 0. Total expenses 788,318. Subcontractors: program service expenses 345,676. Management and general expenses 151,904. Fundraising expenses 0. Total expenses 497,580. Technical assistance providers: program service expenses 371,307. Management and general expenses 0. Fundraising expenses 0. Total expenses 371,307. Specialized technical assistance services: program service expenses 77,623. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,623. Partner programs: program service expenses 91,535. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,535. Other professional fees: program service expenses 14,891. Management and general expenses 5,712. Fundraising expenses 0. Total expenses 20,603.

Raw XML AppendixShowing 400 of 520 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/ActivityOrMissionDesc0THE 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.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17CEO & PRESIDENT FROM 4/1/20
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR UNTIL 9/30/20
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR UNTIL 6/30/20
IRS990/Form990PartVIISectionAGrp/TitleTxt21INTERIM PRESIDENT UNTIL 3/31/20
IRS990/Form990PartVIISectionAGrp/TitleTxt22EX-OFFICIO
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IRS990/FormationYr02019
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IRS990/GrossReceiptsAmt01958226
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02120
IRS990/InformationTechnologyGrp/ProgramServicesAmt060
IRS990/InformationTechnologyGrp/TotalAmt02180
IRS990/InsuranceGrp/ManagementAndGeneralAmt04401
IRS990/InsuranceGrp/TotalAmt04401
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0149598
IRS990/NetAssetsOrFundBalancesEOYAmt066892
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt066892
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0429
IRS990/OfficeExpensesGrp/TotalAmt0429
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0EXECUTIVE RECRUITING
IRS990/OtherExpensesGrp/Desc1MISC. FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt051413
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1249
IRS990/OtherExpensesGrp/TotalAmt051413
IRS990/OtherExpensesGrp/TotalAmt1249
IRS990/OtherLiabilitiesGrp/BOYAmt0287736
IRS990/OtherLiabilitiesGrp/EOYAmt0491563
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04968
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt019872
IRS990/OtherSalariesAndWagesGrp/TotalAmt024840
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0BO KEMP
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOOD PROCESSING INNOVATION CENTER TARGETS SMALL, HIGH-GROWTH FIRMS EMERGING FROM INCUBATORS AND ESTABLISED, MID-SIZED FIRMS WORKING TO ADAPT TO THE RAPID CHANGES IN THE FOOD INDUSTRY - AND WILL PROVIDE SHARED PRODUCTION SPACE, CO-MANUFACTURING CAPACITY, AND SHARED WAREHOUSING AND DISTRIBUTION SERVICES. THE FUNDING WILL BE TO LAUNCH SERVICES THAT COMPLEMENT THE CENTER'S OPERATIONS SPECIFICALLY, THE DEVELOPMENT OF A SUITE OF BUSINESS SUPPORT SERVICES FOR FIRMS AT THE FOOD PROCESSING INNOVATION CENTER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt027250
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0THE SDA METALS HUB WILL GROW REVENUE FOR METALS, MANUFACTURING AND EQUIPMENT (MM&E) FIRMS IN THE REGION COLLABORATIVELY - BY CREATING AND HARNESSING THE MOST ACCCESSIBLE, CAPABLE, AND COMPETITIVE METAL FABRICATIOON SUPPLY CHAINS IN THE U.S. TO DELIVER NEW REGIONAL REVENUE AND GROWTH. IN ADDITION, IT WILL GUIDE SOUTHLAND MM&E FIRMS TOWARDS INCREASED SPEED, QUALITY, AND RAPID CUSTOMIZATION OF ADVANCED MANUFACTURING. THE FOUNDING CORPORATE PARTNERS OF THE METAL HUB HAVE RECENTLY LAUNCHED THEIR EFFORTS TO SOLICIT NEW MANUFACTURING BUSINESS TO THE SOUTHLAND AREA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt050883
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE SOUTHLAND ECONOMIC TRANSFORMATION (SET) FUND, GENEROUSLY SUPPORTED BY THE MACARTHUR FOUNDATION AND MANAGED BY THE SOUTH SUBURBAN ECONOMIC GROWTH INITIATIVE (SSEGI), WAS LAUNCHED IN FEBRUARY 2020. THE SET FUND PROVIDED MODEST GRANTS TO ADVANCE THE PRODUCTS, TOOLS AND PROGRAMS THAT COLLECTIVELY HAD THE MOST POTENTIAL FOR TRANSFORMATIVE ECONOMIC CHANGE IN THE SOUTHLAND. ANY PROPOSAL THAT FURTHERED INCLUSIVE ECONOMIC GROWTH AND QUALITY OF LIFE (AS DIRECTLY DRIVING ECONOMIC DEVELOPMENT) IN THE SOUTHLAND WAS ENCOURAGED, AND PROPOSALS WERE GENERALLY SUBMITTED ACROSS THREE CATEGORIES BUSINESS DEVELOPMENT; HUMAN CAPITAL; HOUSING AND NEIGHBORHOOD DEVELOPMENT.
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IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherExpensesAmt0455402
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0149598
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0455402
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0605000
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IRS990/ReconcilationRevenueExpnssAmt0-82706
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0605000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01958218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0605000
IRS990ScheduleA/Total509Grp/TotalAmt02563218

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