Civic Intelligence

Xchange Chicago Support Corporation

EIN 99-2756719 • 501(c)3 • Chicago, IL

Profile

The corporation is organized and will be operated at all times exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of xchange chicago, inc. (the "sponsor"). The sponsor is organized and operated exclusively for charitable and educational purposes, including providing access to skills training in technology, health care and hospitality for underserved and underinvested communities on chicago's south side.

7247 S South Chicago AvenueChicago, IL 60619

xchangechicago.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.95x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

19.47x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$15,023,104

No earlier filing loaded for comparison.

Liabilities

$14,324,070

No earlier filing loaded for comparison.

Net Assets

$699,034

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue98th percentileNet Margin98th percentile

Revenue

$735,763

No earlier filing loaded for comparison.

Expenses

$36,729

No earlier filing loaded for comparison.

Net Income

$699,034

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Assets 2024: $15,023,104Liabilities 2024: $14,324,070Net Assets 2024: $699,0342024

Highlighted filing

2024

Assets$15,023,104
Liabilities$14,324,070
Net Assets$699,034
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0Revenue 2024: $735,763Expenses 2024: $36,729Net Income 2024: $699,0342024

Highlighted filing

2024

Revenue$735,763
Expenses$36,729
Net Income$699,034
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$15,023,104
Liabilities
$14,324,070
Net assets
$699,034
Revenue
$735,763
Expenses
$36,729
Net income
$699,034
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$14.3$0.70$0.74$0.04$0.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Mar 8, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$735,763
Mission and Program Overview

Mission

The corporation is organized and will be operated at all times exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of xchange chicago, inc. (the "sponsor"). The sponsor is organized and operated exclusively for charitable and educational purposes, including providing access to skills training in technology, health care and hospitality for underserved and underinvested communities on chicago's south side.

The corporation is organized to carry out the purposes of xchange chicago, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$11,162,751▲ $11,162,751
Savings and Temporary Cash Investments-$3,488,795-
Total Assets$0$15,023,104▲ $15,023,104
Other Assets Total$0$371,558▲ $371,558
Liabilities
Mortgage Notes Payable Secured by Investment Property-$12,660,000-
Accounts Payable and Accrued Expenses-$1,652,210-
Other Liabilities$0$11,860▲ $11,860
Total Liabilities$0$14,324,070▲ $14,324,070
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$699,034-
Total Net Assets Fund Balance$0$699,034▲ $699,034
Total Liabilities and Net Assets / Fund Balance$0$15,023,104▲ $15,023,104

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,662,751-$8,662,751
Buildings$2,400,000-$2,400,000
Land$100,000-$100,000
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Gregory MooneyPresident
Patricia ReddDirector
Steven WallerDirector
Charles WhitakerSecretary
Monica CarneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$734,688
Program Service Revenue
$0
Investment Income
$1,075
Other Revenue
$0
Change in Net Assets
$699,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$735,763
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$735,763
Total Revenue per Form 990
$735,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,729
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
Interest$27,120--$27,120
Fees for Services Management-$9,389-$9,389
Fees for Services Legal-$188-$188
Office Expenses-$32-$32
Total Functional Expenses$27,120$9,609$0$36,729

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$36,729
Total Expenses per Audited Statements$36,729
Total Expenses per Form 990$36,729
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$11,860
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A complete draft of form 990, including all required schedules, is provided to each voting member of the board of directors prior to filing with the irs. The draft is distributed electronically, and board members are given an opportunity to review and raise questions or comments. The review process is coordinated by the board chair, and any feedback received is addressed in consultation with the organization's tax preparer. Final approval is obtained before submission to ensure accuracy and transparency.”

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

“The organization monitors and enforces compliance with its conflict of interest policy through an annual disclosure process. Each officer, director, and key employee is required to complete a certification and disclosure form annually, affirming they have read, understood, and agreed to comply with the policy. The organization maintains a record of these disclosures and reviews them to identify any potential conflicts.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Xchange Chicago Support Corporation
EIN
99-2756719
Phone
3124914460
Address
7247 S SOUTH CHICAGO AVENUE, CHICAGO, IL 60619

Signing Officer

Name
Gregory Mooney
Title
President
Phone
3124914460
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Mooney
Formed
2024
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Cohnreznick Advisory LLC
Address
1305 WALT WHITMAN ROAD SUITE 210, MELVILLE, NY 11747
Preparer
Zachary Segal
Phone
5163365500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The entities have applied for and received determination letters from the internal revenue service ("irs") to be treated as tax-exempt entities pursuant to sections 501(c)(3) and 509(a) of the internal revenue code and did not have any unrelated business revenue for the year ended december 31, 2024. Due to their tax-exempt status, the entities are not subject to income taxes.the entities are required to file and do file tax returns with the irs and other taxing authorities. Management has analyzed the tax positions taken by the entities and has concluded that, as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements. Accordingly, these combined financial statements do not reflect a provision for income taxes and the entities have no other tax positions which must be considered for disclosure. Income tax returns filed by the entities are subject to examination by the irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since inception remain open.”

Raw XML Appendix361 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/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENTITIES HAVE APPLIED FOR AND RECEIVED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS TAX-EXEMPT ENTITIES PURSUANT TO SECTIONS 501(C)(3) AND 509(A) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS REVENUE FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO THEIR TAX-EXEMPT STATUS, THE ENTITIES ARE NOT SUBJECT TO INCOME TAXES.THE ENTITIES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ENTITIES AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. ACCORDINGLY, THESE COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ENTITIES ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE INCEPTION REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011162751
IRS990ScheduleD/TotalExpensesPerForm990Amt036729
IRS990ScheduleD/TotalLiabilityAmt011860
IRS990ScheduleD/TotalRevenuePerForm990Amt0735763
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0735763
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt036729
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE DRAFT OF FORM 990, INCLUDING ALL REQUIRED SCHEDULES, IS PROVIDED TO EACH VOTING MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THE DRAFT IS DISTRIBUTED ELECTRONICALLY, AND BOARD MEMBERS ARE GIVEN AN OPPORTUNITY TO REVIEW AND RAISE QUESTIONS OR COMMENTS. THE REVIEW PROCESS IS COORDINATED BY THE BOARD CHAIR, AND ANY FEEDBACK RECEIVED IS ADDRESSED IN CONSULTATION WITH THE ORGANIZATION'S TAX PREPARER. FINAL APPROVAL IS OBTAINED BEFORE SUBMISSION TO ENSURE ACCURACY AND TRANSPARENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL DISCLOSURE PROCESS. EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS REQUIRED TO COMPLETE A CERTIFICATION AND DISCLOSURE FORM ANNUALLY, AFFIRMING THEY HAVE READ, UNDERSTOOD, AND AGREED TO COMPLY WITH THE POLICY. THE ORGANIZATION MAINTAINS A RECORD OF THESE DISCLOSURES AND REVIEWS THEM TO IDENTIFY ANY POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0XCHANGE CHICAGO INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0923697606
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE ACCESS TO SKILLS TRAINING IN TECHNOLOGY, HEALTH CARE AND HOSPITALITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07247 S SOUTH CHICAGO AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060619
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt015023104
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt015023104
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0734688
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09609
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt027120
IRS990/TotalFunctionalExpensesGrp/TotalAmt036729
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt014324070
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt014324070
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0699034
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt027120
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01075
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0735763
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015023104
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07247 S SOUTH CHICAGO AVENUE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060619
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://XCHANGECHICAGO.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY MOONEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03124914460
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0XCHANGE CHICAGO SUPPORT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0XCHA
ReturnHeader/Filer/EIN0992756719
ReturnHeader/Filer/PhoneNum03124914460
ReturnHeader/Filer/USAddress/AddressLine1Txt07247 S SOUTH CHICAGO AVENUE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060619
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0333709623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01305 WALT WHITMAN ROAD SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011747
ReturnHeader/PreparerPersonGrp/PhoneNum05163365500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ZACHARY SEGAL
ReturnHeader/ReturnTs02025-11-14T07:39:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-03-08
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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