Eighteenth Street Development
- Assets
- $13.5k
- Revenue
- $325.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Chicago, IL
- Founding
- 03/1977
- Data as of
- 12/2020
- EIN
- 36-2899333
Organization Overview
Eighteenth Street Development is located in Chicago, IL. The organization was established in 1977. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Eighteenth Street Development employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eighteenth Street Development 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 12/2020, Eighteenth Street Development generated $325.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $457.2k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COMMERCIAL SUPPORT SERVICES (CSS)- EIGHTEENTH STREET DEVELOPMENT CORPORATION (ESDC) ASSISTS AREA BUSINESSES TO RESOLVE ZONING, LICENSING, AND OTHER ISSUES WHICH REQUIRE INTERFACE WITH LOCAL OR CITY GOVERNMENT OFFICES. ESDC WORKS WITH A VARIETY OF PUBLIC AND PRIVATE OFFICIALS TO PLAN THE LOCATION AND SCOPE OF CITY OF CHICAGO AND COOK COUNTY IMPROVEMENT PROJECTS TO ENSURE THAT NEIGHBORHOOD NEEDS ARE ADDRESSED. ESDC SEEKS TO PROMOTE AREA BUSINESSES BY PUBLISHING AN ANNUAL BUSINESS DIRECTORY AND ALSO PRODUCING A VARIETY OF EVENTS DURING THE YEAR. THESE INCLUDE MOLE DE MAYO IN THE MONTH OF MAY AND BUEN PROVECHO PILSEN IN SEPTEMBER. LOCAL INDUSTRIAL RETENTION INITIATIVE (LIRI)- BY WORKING WITH OVER 200 HUNDRED SMALL, MEDIUM AND LARGE SCALE BUSINESSES IN PILSEN'S INDUSTRIAL CORRIDOR, THE INDUSTRIAL DEVELOPMENT DIVISION OF ESDC ASSISTS IN THE GROWTH AND DEVELOPMENT OF INDUSTRIAL BUSINESSES TO EXPAND EMPLOYMENT OPPORTUNITIES IN THE COMMUNITY. THE PILSEN INDUSTRIAL CORRIDOR (PMD 11) COVERS 907 A
Describe the Organization's Program Activity:
Part 3 - Line 4a
NBDC AT ESDC ASSISTS NEW SMALL BUSINESSES WITH LICENSING,ZONING AND OTHER ISSUES WHICH REQUIRE INTERFACE WITH LOCAL AND CITY GOVERNMENT AGENCIES. ESDC WORKS WITH VARIETY ENTITIES TO PROVIDE SMALL BUSINESSES WITH FINANCIAL RESOURCES, EMPLOYMENT AND WORKFORCE DEVELOPMENT ASSISTANCE, CONSUMER MAKRETING WITH A GOAL OF CONNECTING THE SMALL BUSINESSES TO THE LOCAL COMMUNITY.
TECHNICAL ASSISTANCE COMMUNITIES (TACOM) - EIGHTEENTH STREET DEVELOPMENT CORPORATION. (ESDC) IS DESIGNATED A HOUSING RESOURCE CENTER (HRC)AND PROVIDES HOUSING - RELATED INFORMATION, PROBLEM SOLVING, COMMUNITY EVENTS AND WORKSHOPS TO ASSIST LOW-MODERATE INCOME HOMEOWNERS AND RESIDENTS. THIS INITIATIVE IS FUNDED BY THE CHICAGO DEPARTMENT OF HOUSING. ESDC HAS OUTREACH PROGRAMS TO DISSEMINATE INFORMATION ON BOTH PUBLIC AND PRIVATE PROGRAMS OFFERED THROUGHOUT THE CITY.
LOCAL INDUSTRIAL RETENTION INITIATIVE (LIRI) BY WORKING WITH OVER 200 SMALL, MEDIUM AND LARGE SCALE BUSINESSES IN PILSEN'S INDUSTRIAL CORRIDOR, THE INDUSTRIAL DEVELOPMENT DIVISION OF ESDC ASSISTS IN THE GROWTH AND DEVELOPMENT OF INDUSTRIAL BUSINESSES TO EXPAND EMPLOYMENT OPPORTUNITIES IN THE COMMUNITY. THE PILSEN INDUSTRIAL CORRIDOR (PMD 11)COVERS 907 ACRES ALONG THE CHICAGO RIVER ON THE SOUTHERN BORDER OF PILSEN. THE INDUSTRIAL DEVELOPMENT DIVISION FOCUSES ON EMPOWERING THE MANUFACTURING DISTRICT BY ASSISTING AND ATTRACTING INDIVIDUAL BUSINESSES THROUGH CITY OF CHICAGO, COOK COUNTY, STATE AND FEDERAL INCENTIVE OPPORTUNITIES THAT PROMOTE MANUFACTURING GROWTH. SERVING AS A LIASON TO OTHER MUNICIPAL AGENCIES, ESDC IDENTIFIES OPPORTUNITIES FOR EXPANSION AND SUITABLE LOCATIONS FOR NEW INDUSTRY; FULFILLING ITS COMMITMENT TO INCREASE THE QUALITY AND QUANTITY OF JOBS AVIALBALE TO RESIDENTS OF PILSEN.
NBDC/SA AT ESDC FOCUSES ON IMPLEMENTING THE CITY'S NEIGHBORHOOD SMALL BUSINESS GROWTH STRATEGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zach Nagle Secretary | Officer | $0 | |
Matt Doubleday Treasurer | Officer | $0 | |
Ruben Saavedra Board Chair | Officer | $0 | |
Rafael Diaz Vice - Chair | Officer | $0 | |
Marcelo Garza Director/tru | Trustee | $0 | |
Jamil Muhammad Director/ Tr | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $373,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $447,998 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$123,041 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,277 |
| Payroll taxes | $24,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,622 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,553 |
| 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 | $665 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $457,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,144 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,513 |
| Accounts payable and accrued expenses | $4,220 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $46,500 |
| Other liabilities | $129,966 |
| Total liabilities | $180,686 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$167,173 |
| Total liabilities and net assets/fund balances | $13,513 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Eighteenth Street Development has recieved totaling $197,000.
| Awarding Organization | Amount |
|---|---|
Chicago Food Policy Advisory Council Nfp Chicago, IL PURPOSE: Pass through - Builders | $71,500 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $49,500 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT FINANCIAL MANAGEMENT AND EVALUATION CONSULTING. | $25,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT FINANCIAL MANAGEMENT AND EVALUATION CONSULTING. | $25,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT FINANCIAL MANAGEMENT AND EVALUATION CONSULTING. | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arlington Of Naples Arlington Heights, IL | $121,796,918 | $23,712,777 |
Achievement Unlimited Inc Galesburg, IL | $34,667,403 | $31,696,526 |
Ctf Illinois Orland Park, IL | $14,323,596 | $25,057,116 |
Center For Housing And Health Chicago, IL | $3,048,076 | $18,275,784 |
Cedar Falls Lutheran Home Cedar Falls, IA | $37,181,426 | $19,916,708 |
Covenant Home Services Skokie, IL | $4,392,429 | $19,945,010 |
King-Bruwaert House Burr Ridge, IL | $65,181,853 | $13,001,524 |
Housing Forward Maywood, IL | $3,739,938 | $13,235,796 |
Hephzibah Childrens Association Oak Park, IL | $12,105,627 | $12,068,031 |
Aptiv Incorporated La Crosse, WI | $4,803,038 | $12,027,224 |
Metropolitan Lutheran Ministry Kansas City, MO | $5,622,627 | $11,500,052 |
Healing Place Inc Louisville, KY | $37,666,074 | $13,853,449 |