Citylight Life Development Inc
- Assets
- $15.8k
- Revenue
- $36.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-1086444
Organization Overview
Citylight Life Development Inc is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citylight Life Development 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 12/2023, Citylight Life Development Inc generated $36.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $30.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 2 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LIFE DEVELOPMENT CENTER AIMS TO BE AN EFFECTIVE FAITH-BASED CATALYST FOR THE DEVELOPMENT OF LIVES THE CHICAGO AREA AND INTERNATIONALLY. WE PROVIDE INNOVATIVE SERVICES IN FIVE AREAS: LEADERSHIP DEVELOPMENT, EDUCATIONAL ENRICHMENT, COMMUNITY ENGAGEMENT, YOUTH DEVELOPMENT AND ECONOMIC EMPOWERMENT. OUR VISION IS TO BE AN EFFECTIVE FAITH-BASED CATALYST FOR THE DEVELOPMENT OF PEOPLE AND COMMUNITIES. WE VALUE PEOPLE-POTENTIAL, COLLABORATION, SUSTAINABILITY, ACCOUNTABILITY AND FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT: WE PROVIDE LEADERSHIP DEVELOPMENT THROUGH THE LEADERSHIP DEVELOPMENT INITIATIVE OF THE LIFE DEVELOPMENT CENTER, LEADERSHIP WORKSHOPS AND TRAININGS.
EDUCATIONAL ENRICHMENT- WE CURRENTLY OFFER EDUCATIONAL ENRICHMENT PROGRAMS AND ARE DEVELOPING MORE AIMED AT PREPARING RESIDENTS OF THE COMMUNITY FOR THE WORKPLACE.
COMMUNITY ENGAGEMENT: THE LIFE DEVELOPMENT CENTER ENGAGES IN COMMUNITY ADVOCACY AND ORGANIZING TO IMPROVE THE OVERALL QUALITY OF LIFE OF THE RESIDENTS.
YOUTH DEVELOPMENT: THE FUTURE OF ANY COMMUNITY LIES IN ITS YOUTH. WE UNDERSTAND THIS DYNAMIC AND PROVIDE ENVIRONMENTS THAT PROMOTE YOUTH DEVELOPMENT THROUGH EVENTS, SUMMER CAMPS AND MENTORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olumide Ajiginni Director | Trustee | 30 | $0 |
Adebowale Ijiwola Director | Trustee | 3 | $0 |
Omo Imoukhuede Director | Trustee | 1 | $0 |
Peace Udechukwu Director | Trustee | 25 | $0 |
Gregory Lanre Ijiwola President | Officer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,327 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,386 |
| Total Program Service Revenue | $3,596 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,982 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $1,640 |
| Advertising and promotion | $51 |
| Office expenses | $370 |
| Information technology | $1,320 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,570 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $30,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,632 |
| Savings and temporary cash investments | $1,177 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,809 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $15,809 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $15,809 |