South Side Community Economic Development Center Inc
- Assets
- $4.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/2006
- Data as of
- 12/2020
- EIN
- 83-0440276
Organization Overview
South Side Community Economic Development Center Inc is located in Chicago, IL. The organization was established in 2006. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Side Community Economic Development Center 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 12/2020, South Side Community Economic Development Center Inc generated $59.2k in total revenue. All expenses for the organization totaled $55.4k during the year ending 12/2020. While expenses have increased by 107.2% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN ECONOMIC DEVELOPMENT ON CHICAGO'S SOUTH SIDE
Describe the Organization's Program Activity:
Part 3
MADE GRANT TO TRUTH 4 LITERACY ARTER SCHOOL MENTORING PROGRAM. (SEE SCH I)
GENERAL SUPPORT GRANT TO SOUTH SIDE COMMUNITY FEDERAL CREDIT UNION TO AID IN CREDIT UNION'S FEDERAL CREDIT UNION TO AID IN CREDIT UNION'S FEDERAL CREDIT UNION TO AID IN CREDIT UNION'S
PROVIDED CREDIT AND HOUSING COUNSELING TO 97 PEOPLE CONCERNING 1ST TIME HOME OWNERSHIP,FORECLOSURE PREVENTION, AND FINANCIAL MAMAGEMENT. AND CONDUCTED 24 FINANCIAL LITERACY CLASSES FOR 120 ATTENDEES
HOSTED 9TH ANNUAL HOUSING AND FINANCIAL EXPOSITION SEPTEMBER 23,2016. APPROXIMATELY 65 PEOPLE ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg H Brown Chairman | 10 | $0 | |
Walter Brooks Treasurer | 5 | $0 | |
Carl West Secretary | 5 | $0 | |
Lawrence Seals Director | 2 | $0 | |
Jo Cedcanne Glen Director | 2 | $0 | |
Byron Jones Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,241 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,242 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $225 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28 |
| Total expenses | $55,408 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,210 |
| Other assets | $0 |
| Total assets | $4,210 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,210 |