Overview

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Est.

1974

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Greater Southwest Development Corporation (EIN: 36-2858304) is dedicated to promoting business and improving the community in Greater Southwest Chicago. With an operating budget of $2.4 million and total revenue of $3.4 million for the 2024 filing year, the organization serves as a catalyst for community vitality. It does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.greatersouthwest.org.

Mission Statement

THE GREATER SOUTHWEST DEVELOPMENT CORPORATION IS THE CATALYST FOR CREATING AND MAINTAINING A VITAL GREATER SOUTHWEST CHICAGO COMMUNITY.
Revenues
$3.4M
Expenses
$2.5M
Net Income:
+$877.4K
Assets
$17.2M
Liabilities
$5.2M
Net Assets:
+$12M
Operating Budget
$2.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$32.7K
Largest grant received
$275K
A
Adrian Soto
Board Member
J
Jeff Bartow
Board Member
N
Nyla Diab
Board Member

Frequently Asked Questions

What is GREATER SOUTHWEST DEVELOPMENT CORP’s budget?
In 2024, GREATER SOUTHWEST DEVELOPMENT CORP reported an annual operating budget of around $2.4 million. More detailed financial information is available to registered users.
What causes does GREATER SOUTHWEST DEVELOPMENT CORP support?
GREATER SOUTHWEST DEVELOPMENT CORP supports work in Community improvement and Business promotion.
Where does GREATER SOUTHWEST DEVELOPMENT CORP operate?
GREATER SOUTHWEST DEVELOPMENT CORP is headquartered in Chicago, IL.
Who funded GREATER SOUTHWEST DEVELOPMENT CORP recently?
In 2024, GREATER SOUTHWEST DEVELOPMENT CORP received grants from John D and Catherine T MacArthur Foundation (Consolidated), The Chicago Community Trust, and The Coleman Foundation Inc. More information on this organization’s funders is available to registered users.
What is the largest grant GREATER SOUTHWEST DEVELOPMENT CORP received in 2024?
The largest grant to GREATER SOUTHWEST DEVELOPMENT CORP in 2024 exceeds $275 thousand.
What is GREATER SOUTHWEST DEVELOPMENT CORP’s reliance on government grants?
GREATER SOUTHWEST DEVELOPMENT CORP relied on government grants for more than 30% of their total revenue in 2024.