Trend Community Development Corporation
- Assets
- $332.2k
- Revenue
- $399.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 83-4702791
Organization Overview
Trend Community Development Corporation is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Trend Community Development Corporation 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, Trend Community Development Corporation generated $399.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
TREND COMMUNITY DEVELOPMENT CORPORATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION THAT IS ORGANIZED FOR CHARITABLE, LITERARY, EDUCATIONAL OR RELIGIOUS PURPOSES, INCLUDING BUT NOT LIMITED TO FOSTERING INCLUSIVE ECONOMIC GROWTH IN NEIGHBORHOODS, CITIES, AND REGIONS THROUGH THE CREATION AND DISSEMINATION OF NEW DATA, RESEARCH, TOOLS, AND PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC REAL ESTATE DEVELOPMENT - SUPPORT EFFORTS TO IMPROVE SERVICE-ORIENTED COMMUNITY SHOPPING CENTERS LOCATED URBAN NEIGHBORHOODS. ORGANIZE EDUCATION AND OUTREACH PROGRAMS TO ENABLE COMMUNITY MEMBERS, LOCAL ENTREPRENEURS, AND OTHER SMALL IMPACT INVESTORS TO INVEST AND FINANCIALLY BENEFIT FROM COMMERCIAL PROPERTY OWNERSHIP.
INCLUSIVE ECONOMIC DEVELOPMENT AND GROWTH - ADVISE COMMUNITY-BASED ORGANIZATIONS ON CREATING AND ADVANCING CATALYTIC COMMERCIAL REAL ESTATE AND OTHER DEVELOPMENT PROJECTS. CREATE AND DISSEMINATE DATA, RESEARCH, TOOLS, AND PRACTICES THAT SUPPORT INCLUSIVE ECONOMIC DEVELOPMENT AND GROWTH.
MINORITY BUSINESS SURVIVAL AND RECOVERY - HELP MINORITY OWNED BUSINESSES RECOVER FROM THE PANDEMIC AND SECURE FINANCING FOR TARGETED PROJECTS TO GROW THEIR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Gonzalez Roberts COO | Officer | 40 | $107,965 |
Deon Lucas Director | Trustee | 0.25 | $0 |
Chinwe Onyeagoro President | OfficerTrustee | 0.25 | $0 |
Donna Gaines Treasurer | OfficerTrustee | 0.25 | $0 |
Margie Schaps Secretary | OfficerTrustee | 0.25 | $0 |
Sean Mcintosh Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rw Ventures Llc Consulting | 12/30/23 | $109,255 |
Michelle Merritt Consulting | 12/30/23 | $127,883 |
Chicago Trend Corporation Consulting | 12/30/23 | $344,583 |
Eric Brown The Peace Team Consulting | 12/30/23 | $108,057 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $354,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,842 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| 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 | $399,854 |
| 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. | $107,965 |
| Compensation of current officers, directors, key employees. | $21,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,519 |
| Payroll taxes | $8,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,254 |
| Fees for services: Accounting | $23,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,264 |
| Advertising and promotion | $0 |
| Office expenses | $22,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,482 |
| Travel | $2,831 |
| 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 | $1,332 |
| All other expenses | $0 |
| Total functional expenses | $1,335,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,476 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,007 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $103,960 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $897 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,837 |
| Total assets | $332,177 |
| Accounts payable and accrued expenses | $220,723 |
| 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 | $4,911 |
| Total liabilities | $225,634 |
| Net assets without donor restrictions | $96,426 |
| Net assets with donor restrictions | $10,117 |
| 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 | $332,177 |