Community And Economic Development Association Of Cook County Inc
- Assets
- $56.6m
- Revenue
- $234.8m
- Investments
- $0.0
- Employees
- 432
- Location
- Chicago, IL
- Founding
- 11/1966
- Data as of
- 06/2022
- EIN
- 36-2597741
Organization Overview
Community And Economic Development Association Of Cook County Inc is located in Chicago, IL. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Community And Economic Development Association Of Cook County Inc employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community And Economic Development Association Of Cook County Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Community And Economic Development Association Of Cook County Inc generated $234.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $233.6m during the year ending 06/2022. While expenses have increased by 12.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CEDA'S MISSION IS TO WORK IN PARTNERSHIP WITH COMMUNITIES TO EMPOWER FAMILIES AND INDIVIDUALS TO ACHIEVE SELF-SUFFICIENCY AND IMPROVE THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY SERVICES ASSISTS ELIGIBLE APPLICANTS IN REDUCING HOME HEATING AND COOLING COSTS. A MONETARY BENEFIT TOWARDS ENERGY BILLS IS PROVIDED ON BEHALF OF THE APPLICANT. COUNSELING, OUTREACH, INFORMATION AND REFERRALS TO OTHER ENERGY RELATED PROGRAMS ARE ALSO PROVIDED.
ENERGY CONSERVATION OFFERS WEATHERIZATION AND REHABILITATION TO ELIGIBLE, LOW INCOME HOUSEHOLDS. THE PROCESS ENTAILS ASSESSING THE HOME, EVALUATING ITS ENERGY EFFICIENCY THROUGH SOPHISTICATED TESTING, AND THEN DEVELOPING A WORK ORDER TO CORRECT DEFICIENCIES.
HEALTH AND NUTRITION: SEVERAL PROGRAMS THAT AIM TO IMPROVE THE HEALTH STATUES OF HIGH RISK WOMEN, INFANTS AND CHILDREN BY PROVIDING NUTRITION EDUCATION, COMPREHENSIVE AND INTENSIVE CASE MANAGEMENT SERVICES TO YOUNG TEEN PARENTS AND THEIR CHILDREN; ENSURE THAT THE TEEN PARENT OBTAINS HIS/HER HIGH SCHOOL DIPLOMA AND ASSIST FAMILIES TO HELP THEMSELVES BECOME MORE SELF-SUFFICIENT, COMPETENT AND FEEL EMPOWERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Rice President/ceo | Officer | 40 | $259,202 |
Glen Ofenloch Chief Financial Officer | Officer | 40 | $240,943 |
Granada Williams Chief Program Officer | Officer | 40 | $224,520 |
John Pady Chief Expansion Officer | Officer | 40 | $155,411 |
Erin Dowland Kabwe Chief Development Officer | Officer | 40 | $153,009 |
Lia Cruz Accounting Director | 40 | $143,474 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A Lugan Contractors Wzn And Energy Furnace | 6/29/22 | $4,819,443 |
Arcos Environmental Services Inc Wzn Contractor | 6/29/22 | $1,062,496 |
Oakk Construction Company Wzn And Energy Furnace | 6/29/22 | $1,028,965 |
Dnr Construction Inc Wzn Contractor | 6/29/22 | $5,015,872 |
Ajilon Professional Staffintg Temp Agency | 6/29/22 | $2,072,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $227,015,965 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,083,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,099,883 |
| Total Program Service Revenue | $1,666,188 |
| Investment income | $3,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,000 |
| Net Gain/Loss on Asset Sales | -$4,110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,837,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $183,761,476 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,095,364 |
| Compensation of current officers, directors, key employees. | $1,095,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,129,898 |
| Pension plan accruals and contributions | $350,938 |
| Other employee benefits | $2,847,595 |
| Payroll taxes | $1,437,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $181,186 |
| Fees for services: Accounting | $169,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,671,241 |
| Advertising and promotion | $35,441 |
| Office expenses | $2,195,824 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,202,347 |
| Travel | $228,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $745,491 |
| Insurance | $282,581 |
| All other expenses | $250,883 |
| Total functional expenses | $233,637,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,163,582 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $43,213,458 |
| Accounts receivable, net | $29,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $274,746 |
| Net Land, buildings, and equipment | $3,946,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,631,029 |
| Accounts payable and accrued expenses | $41,866,624 |
| Grants payable | $0 |
| Deferred revenue | $1,115,252 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,551,712 |
| Other liabilities | $188,000 |
| Total liabilities | $44,721,588 |
| Net assets without donor restrictions | $11,513,288 |
| Net assets with donor restrictions | $396,153 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,631,029 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Community And Economic Development Association Of Cook County Inc has recieved totaling $2,430,494.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $1,264,000 |
Illinois Association Of Community Action Agencies Springfield, IL PURPOSE: ENERGY ASSISTANCE TO MEMBER AGENCIES FOR INDIVIDUALS WHO QUALIFY UNDER SPECIAL HARDSHIP CASES. | $847,283 |
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $314,000 |
Pledgeling Foundation Venice, CA PURPOSE: GENERAL | $5,176 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community And Economic Development Association Of Cook County Inc Chicago, IL | $56,631,029 | $234,837,764 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |