Civic Intelligence

Southland Development Authority Nfp

990 • Fiscal year 2021 • EIN 84-2818243

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

17730 Oak Park Ave No DTinley Park, IL 60477

(708) 722-6070

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$496,367

Down $520,714 (-51%) from 2020

Net Assets

Down

-$549,092

Down $615,984 (-921%) from 2020

Liabilities

Up

$1,045,459

Up $95,270 (+10%) from 2020

Revenue And Expenses

Revenue

Down

$1,633,064

Down $325,162 (-17%) from 2020

Expenses

Down

$1,955,505

Down $85,427 (-4.2%) from 2020

Net Income

Down

-$322,441

Down $239,735 (-290%) from 2020

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: $496,367Liabilities 2021: $1,045,459Net Assets 2021: -$549,0922021Assets 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

2021

Assets$496,367
Liabilities$1,045,459
Net Assets-$549,092

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: $1,633,064Expenses 2021: $1,955,505Net Income 2021: -$322,4412021Revenue 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

2021

Revenue$1,633,064
Expenses$1,955,505
Net Income-$322,441
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$1,633,064
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$394,714▼ $411,225
Cash and Non-Interest-Bearing Accounts$183,615$87,403▼ $96,212
Prepaid Expenses and Deferred Charges$27,527$14,250▼ $13,277
Total Assets$1,017,081$496,367▼ $520,714
Liabilities
Other Liabilities$491,563$837,143▲ $345,580
Accounts Payable and Accrued Expenses$458,626$208,316▼ $250,310
Total Liabilities$950,189$1,045,459▲ $95,270
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$20,299-
Net Assets Without Donor Restrictions$66,892$-569,391▼ $636,283
Total Net Assets Fund Balance$66,892$-549,092▼ $615,984
Total Liabilities and Net Assets / Fund Balance$1,017,081$496,367▼ $520,714
Compensation and Service Providers

Board Members and Trustees

NameTitle
Diane WilliamsCo-chair
Bo KempCEO&president From 4/1/22
Robert WeissbourdInterim President Until 3/31/22
Craig HowardDirector
David AbshireDirector
David AgostoDirector
David DoigDirector
Dr Cheryl GreenDirector
Felicia HardyDirector
Frank M ClarkDirector
Irene SherrDirector
Jeff AllenDirector
Kristi DelaurentiisDirector
Nancy WilsonDirector
Nathaniel K SuttonDirector
Rick ReinboldDirector
Steve KochDirector
Tim HillDirector
Vernard Alsberry JrDirector
Elizabeth CastanedaSecretary
Lyneir RichardsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,512,998
Program Service Revenue
$0
Investment Income
$66
Other Revenue
$120,000
All Other Contributions
$80,000
Change in Net Assets
$-322,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,746,079
Salaries, Compensation, and Employee Benefits$209,426
Total Fundraising Expense$18,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,057,963$500,579$18,180$1,576,722
Other Salaries and Wages$116,419$78,123-$194,542
Advertising$45,666$14,809-$60,475
Fees for Services Accounting-$44,335-$44,335
Payroll Taxes$8,908$5,976-$14,884
Insurance-$13,260-$13,260
Information Technology$2,568$8,668-$11,236
Occupancy-$10,984-$10,984
Travel-$6,993-$6,993
Office Expenses$197$6,163-$6,360
Fees for Services Legal$371$4,469-$4,840
Other Expenses$150$2-$2
Total Functional Expenses$1,232,242$705,083$18,180$1,955,505
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$380,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Rw Ventures LLC$837,143
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

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
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bo Kemp
Formed
2019
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
18
Employees
4
Volunteers
0

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

Subcontractors: program service expenses 1,057,963. Management and general expenses 500,579. Fundraising expenses 18,180. Total expenses 1,576,722.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/InformationTechnologyGrp/ProgramServicesAmt02568
IRS990/InformationTechnologyGrp/TotalAmt011236
IRS990/InsuranceGrp/ManagementAndGeneralAmt013260
IRS990/InsuranceGrp/TotalAmt013260
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt066
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt066
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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/NetAssetsOrFundBalancesBOYAmt066892
IRS990/NetAssetsOrFundBalancesEOYAmt0-549092
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt066892
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-569391
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010984
IRS990/OccupancyGrp/TotalAmt010984
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06163
IRS990/OfficeExpensesGrp/ProgramServicesAmt0197
IRS990/OfficeExpensesGrp/TotalAmt06360
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EXECUTIVE RECRUITING
IRS990/OtherExpensesGrp/Desc1MISC FEES
IRS990/OtherExpensesGrp/Desc2DUES AND FEES
IRS990/OtherExpensesGrp/Desc3POSTAGE AND SHIPPING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08420
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12269
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt233
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32
IRS990/OtherExpensesGrp/ProgramServicesAmt0150
IRS990/OtherExpensesGrp/TotalAmt08420
IRS990/OtherExpensesGrp/TotalAmt12269
IRS990/OtherExpensesGrp/TotalAmt2183
IRS990/OtherExpensesGrp/TotalAmt32
IRS990/OtherLiabilitiesGrp/BOYAmt0491563
IRS990/OtherLiabilitiesGrp/EOYAmt0837143
IRS990/OtherRevenueMiscGrp/BusinessCd0310000
IRS990/OtherRevenueMiscGrp/Desc0FEE FOR SERVICE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0120000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0120000
IRS990/OtherRevenueTotalAmt0120000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt078123
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0116419
IRS990/OtherSalariesAndWagesGrp/TotalAmt0194542
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05976
IRS990/PayrollTaxesGrp/ProgramServicesAmt08908
IRS990/PayrollTaxesGrp/TotalAmt014884
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027527
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014250
IRS990/PrincipalOfficerNm0BO KEMP
IRS990/PriorPeriodAdjustmentsAmt0-293543
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CAPITAL PROGRAM INCLUDES EQUITY AND DEBT OPPORTUNITIES TO SUPPORT SOUTHLAND BUSINESSES. THE SDA LAUNCHED AN ONLINE PLATFORM TO SUPPORT LOAN FACILITATION FOR SMALL BUSINESSES AS WELL AS DEVELOPED THE DIVERSE OWNERS PROGRAM INITIATIVE TO SUPPORT ENTREPRENEURS LOOKING TO ACQUIRE A SOUTHLAND BASED BUISINESS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt092470
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 ACCESSIBLE, CAPABLE, AND COMPETITIVE METAL FABRICATION 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 REPORTS TO SOLICIT NEW MANUFACTURING BUSINESS TO THE SOUTHLAND AREA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt075000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01958218
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08
IRS990/PYOtherExpensesAmt02016092
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-82706
IRS990/PYSalariesCompEmpBnftPaidAmt024840
IRS990/PYTotalExpensesAmt02040932
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01958226
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-322441
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01424100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01958218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0605000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03987318
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt03987318
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01424100
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01958218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0605000
IRS990ScheduleA/Total509Grp/TotalAmt03987318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01424100
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01958226
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0605000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03987326
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
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0837143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RW VENTURES LLC
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0837143
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RW VENTURES LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RW VENTURES LLC IS 100% OWNED BY ROBERT WEISSBOURD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0380000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RW VENTURES LLC PROVIDED MANAGEMENT AND CONSULTING SERVICES FOR THE ORGANIZATION.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LYNEIR RICHARDSON AND ROBERT WEISSBOURD - BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
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 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 1,057,963. MANAGEMENT AND GENERAL EXPENSES 500,579. FUNDRAISING EXPENSES 18,180. TOTAL EXPENSES 1,576,722.
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

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