Greater Northwest Chicago Development Corp
Nonprofit profile at a glance
- EIN
- 362941620
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024
- Location
- Chicago, IL, USA
- Phone
- 7736372416
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $63,487
- Expenses
- $93,982
- Assets
- $59,008
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CLAUDIA PEREZ (EXECUTIVE DIRECTOR)
People named in this filing
- CLAUDIA PEREZ (EXECUTIVE DIRECTOR)
- SKI WYSOCKI (CHAIRMAN)
- MARTA ALMODOVAR (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The greater nw chicago development corp. Assists small businesses to hire and retain employees, grow their business and apply for grants and incentive programs to make improvements in their employee training and fund infrastructure improvements mainly in the northwest side of chicago economic development areas. Some of the services provided include organizing/participating in job fairs, offering seminars on general business topics and employment practices for local businesses, assisting small business owners apply for and receive business incentives and grants offered by government and private entities. These efforts along with other services the gncdc provides help the local businesses retain and hire employees, grow their revenue base and make improvements and upgrades to their physical locations.
What it reported doing in 2024
The gncdc receives grant money from the city of chicago to reimburse it for expenses for providing support services to the local area small business community in their efforts to retain employment levels and grow their businesses which helps improve the local economic and social conditions in the community.
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 100
- Sustainability: 25
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.1%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -48%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.63; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 66.5%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -4.9% per year; rating input score 0; 36th percentile among comparable filings
- Revenue growth: -4.8% per year; rating input score 0; 35th percentile among comparable filings
- Asset growth: 14.6% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $87K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Sustainability: Operating margin scored 13/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Officer compensation ratio scored 1/100.