Southland Development Authority Nfp

Nonprofit profile at a glance

EIN
842818243
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Tinley Park, IL, USA
Phone
7087226070
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$3,591,610
Expenses
$3,487,686
Assets
$615,692
Liabilities
$529,435

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

Leadership & pay

20 people listed

Executive titles in this filing

  • DAVID ABSHIRE (VICE PRESIDENT)
  • JOHN BO KEMP (CEO)

Highest reported compensation

  • JOHN BO KEMP (CEO): $243,505 total reported compensation

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

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.

What it reported doing in 2024

The sda business growth services (bgs) program provides targeted, industry-specific, technical and financial support to businesses through an entensive and sophisticated network of partner organizations, expert mentors and specialists. The bgs program had provided outreach to over 10,000 companies in the southland, and supported over 500 - with 125 preparing for, receiving, or having received mentorship. The program seeks to build on this success, specifically demonstrating a growth in business revenue and employment over time for the businesses that receive sda mentorship services.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 65
  • Accountability: 81
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.4%; rating input score 69
  • Program expense ratio: 71.4%; rating input score 71
  • Fundraising efficiency: $890.93 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95%; rating input score 95; 25th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.9%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 7%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 25% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 24.7% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 6.4% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 69.4% of revenue deployed · 71.4% of spending went to programs
  • Governance: 19 of 20 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2.5M in reported program spending
  • Leadership: top reported pay $244K · 20 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $332K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2019 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.