Southland Works

Nonprofit profile at a glance

EIN
923486070
IRS 990-EZ coverage
2023–2023
Forms available
Form 990-EZ 2023
Location
Chicago, IL, USA
Rating confidence
Limited
Sector
Adult, Continuing Education

Reported finances

Revenue
$122,914
Expenses
$149,248
Assets
$452,026
Liabilities
$546,969

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • David Lubin (CEO)
  • Margarita Shapiro (President)

People named in this filing

  • David Lubin (CEO)
  • Margarita Shapiro (President)
  • Sharon Mallory (Treasurer)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Southland Works seeks to make a perceivable and lasting economic impact - particularly in under-invested Southland Chicago communities - by connecting entrepreneurs and businesses with the resources and community needed to scale. Planned activities include 1 provide affordable flexible high-quality serviced space for startup companies and entrepreneurs 2 provide events mentorship classes and business development programs and 3 provide service and support for Southland Chicago companies and entrepreneurs. These activities will be conducted online and in community cowork and or our own office space. All time outside of administrative and fundraising duties is focused on these activities. Activities will be initially funded through donations grants and fees. Most expenses outside of those required for administration will be allocated to these activities. These activities are in alignment with and advance our Chicago Southland development mission.

What it reported doing in 2023

This was the first year in operation. Weve begun the community engagement process. Our community development activities will ramp up in the years to come.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -21.4%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 3.03; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 1.21; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • 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 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.