GREATER SOUTHWEST DEVELOPMENT CORPORATION

CHICAGO, IL, 60629-1619 (773) 436-1000 Est. 1974 EIN 36-2858304
S410 - Community Improvement 990 - Public charity return 501(c)(3)
www.greatersouthwest.org

Mission

THE GREATER SOUTHWEST DEVELOPMENT CORPORATION IS THE CATALYST FOR CREATING AND MAINTAINING A VITAL GREATER SOUTHWEST CHICAGO COMMUNITY. EMPOWERING, BUILDING, AND SUSTAINING DEVELOPMENT RAISES THE QUALITY OF LIFE FOR OUR NEIGHBORHOOD RESIDENTS, BUSINESSES AND INDUSTRIES.

Giving Portfolio

Total Grants
16
Total Giving
$823K
Recipients
14
Years Active
2022 - 2024
Avg grant: $48,980 Median: $39,709

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20241$40K $40K01
20238$264K $33K15
20227$520K $74K70

Sectors Funded

Community Improvement
5
Education
4
Youth Development
2
Crime & Legal-Related
1
Employment
1

Top States

Illinois
16

Grantee Size Profile

$100K - $500K
12
$5M - $10M
1

Top Grantees

IL - 2 grants
$131K
$131K
$129K
IL - 3 grants
$119K
UNITED BUSINESS ASSOCIATION OF MIDWAY
IL
$95K

Grants Awarded · 15 grants

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Financials

Total Revenue
$3,352,207
Total Expenses
$2,474,830
Net Assets
$12,040,480
21 employees
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
4.9 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 17.8%
Expenses ↓ 0.9%
Revenue Sources
Contributions 47.9% Earned revenue 3.0% Investment 9.4% Other 40.0%
Expense Breakdown
Program 42.4% Management 56.0% Fundraising 1.6%

Officers & Trustees (7)

Individual compensation is available on Grow plans.

Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$3,352,207 ↑$2,474,830$12,040,480
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$2,845,355 ↑$2,497,146$14,315,628
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$2,786,256 ↑$2,680,444$8,687,751
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$2,172,878 ↑$1,714,414$8,581,939
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$1,181,194 ↓$1,261,500$8,123,475
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$1,585,610 ↓$1,374,092$8,272,908
2017 990 - Public charity return
Jan 1, 2017 to Dec 31, 2017
$2,040,306 $1,318,143$8,201,390

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EIN: 36-2858304 · Source: IRS Form 990 e-file data