Greater Auburn Gresham Development Corporation

Nonprofit profile at a glance

EIN
364377387
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Chicago, IL, USA
Phone
7734833696
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$8,690,350
Expenses
$6,226,634
Assets
$25,935,734
Liabilities
$5,950,662

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • JOHNNY WILBON (CHAIRMAN/PRESIDENT)
  • FRANCINE DILLARD (VICE PRESIDENT)
  • CARLOS NELSON (CEO)

Highest reported compensation

  • CARLOS NELSON (CEO): $141,886 total reported compensation
  • KAYSHA LARRY (CFO): $130,662 total reported compensation
  • BYAM ALEXANDER (DIRECTOR): $71,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To foster and promote the revitalization of the community by designing and implementing programs that improve the community's economic viability; increase availability of quality housing to people of different income levels while maintaining and improving existing affordable housing, and enhance delivery of social services, particularly to senior citizens.

What it reported doing in 2024

Housing and senior services - gagdc provided free workshops that are both informational and resourceful for seniors, from free legal services to reducing the cost of residency, property tax exemption, etc. Gagdc established partnerships to enhance senior wellness and increase socialization. Chair yoga, line dancing, strength training, and belly dancing classes have enhanced the quality of life of our seniors. Gagdc promotes homeownership and acquired and began rehabbing a bungalow. This property was one of eight auburn gresham properties included in the very successful trolley tour. Our housing workshops, housing pavilion, and other housing-related workshop have proven to be informative. Gagdc hosted a senior breakfast, senior health fair, and prevention convention.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 81
  • Accountability: 91
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.3%; rating input score 59
  • Program expense ratio: 82%; rating input score 82
  • Fundraising efficiency: $92.37 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 38.3%; rating input score 38; 14th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 84.6%; rating input score 85; 17th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 28.4%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 4.17; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 15.9% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 15.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 24.9% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 59.3% of revenue deployed · 82% of spending went to programs
  • Governance: 11 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $5.1M in reported program spending
  • Leadership: top reported pay $142K · 15 people listed
  • Highest-paid contractors: 5 contractors listed · $2.5M reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 38 filed money-flow records
  • Related organizations: 37 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 38/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.