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Nonprofits›Far South Cdc

Community Improvement & Capacity Building

Far South Cdc

CHICAGO, IL

Total revenue

$5.1M

Total expenses

$4.5M

Net assets

$4.1M

Grants received

$2.4M

18 grants

EIN

362946248

Tax year

2024

Mission

Through planning and collaboration with private developers, governmental entities and other stake-holders, the Far-South Community Development Corporation (Far South CDC)strives to facilitate and foster quality retail businesses that will meet the needs of the community, new industrial uses, and new rehabilitated commercial and residential real estate developments that will create jobs and improve the quality of life for all people who live and work in its service area.

Financials

FY 2024

Revenue

Contributions & grants$4.8M

Program service revenue$274K

Investment income—

Other revenue$19K

Total revenue$5.1M

Expenses

Grants paid—

Salaries & benefits$1.5M

Fundraising$44K

Other expenses$3.0M

Total expenses$4.5M

Total assets$9.2M

Net assets$4.1M

People

10 listed

NameRoleCompensation

ABRAHAM LACY

Executive Dir.

Board

$148K

40 hrs/wk

CHESTER BELL JR

Director

Board

—

2 hrs/wk

REV LEONARDO GILBERT

Director

Board

—

2 hrs/wk

MELVIN THOMPSON

Director

Board

—

2 hrs/wk

MAGGIE CATANIA

Director

Board

—

2 hrs/wk

KAREEM MUSAWWIR

Director

Board

—

2 hrs/wk

YOLANDA RICHARDS-ALBERT

Chairman

Board

—

10 hrs/wk

DENNIS O'MALLEY

Treasurer

Board

—

5 hrs/wk

JOHN CHENIER

Secretary

Board

—

5 hrs/wk

NIKIESHA EMERY

COO

Staff

$120K

40 hrs/wk

Independent contractors

THE LAMAR JOHNSON COLLABORATIVE

$323K

Grants received

Showing 18 of 18

FromAmountPurposeYear

JOHN D AND CATHERINE T MACARTHUR

$275K

IN SUPPORT OF GENERAL OPERATIONS

2024

CENTER FOR NEIGHBORHOOD TECHNOLOGY

$31K

PARTICIPATION IN STELLAR EV WORKING GROUP TRAININGS, PARTICIPATION IN CMAP CARE PROGRAM, BUS RAPID TRANSIT ENGAGEMENT WORK

2024

LOCAL INITIATIVES SUPPORT CORPORATION

$15K

SEE PART IV

2024

The Chicago Community Trust

$500K

General support for programs, operations and other charitable purposes

2023

HABITAT FOR HUMANITY CHICAGO

$85K

Homeownership Financing Solutions

2023

The Chicago Community Trust

$100K

Supporting General Operations of neighborhood organization that facilitates and promotes neighborhood investment work in their community, from the Searle funds at The Chicago Community Trust.

2022

WOMEN'S BUSINESS DEVELOPMENT CENTER

$15K

SMALL BUSINESS ASSISTANCE GRANTS

2022

The Chicago Community Trust

$380K

In support of the Housing and Equity Assistance Pilot Program. In support of PACE Pulse Mixed-Use Transit Supportive Development (MTSD). In support of Far South CDC's Supplier Diversity and Procurement Pilot Program. In support of general operations.

2021

The Chicago Community Trust

$380K

2021

The Chicago Community Trust

$355K

TO SUPPORT HOUSING AND EQUITY ASSISTANCE PILOT PROGRAM, FAR SOUTH CDC, MORGAN PARK COMMONS DEVELOPMENT, AND CAPACITY BUILDING FOR ROSELAND COMMUNITY MEDICAL DISTRICT

2020

Polk Bros Foundation Inc

$25K

Equitable Recovery Grant

2020

FOREFRONT

$25K

CAPACITY BUILDING/GENERAL SUPPORT

2020

CHICAGO URBAN LEAGUE

$15K

TECHNICAL ASSISTANCE GRANTS