Chicago Southwest Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 0 | 0 | 0 | — | — |
| 2013 | 1,448,313 | 771,668 | 676,645 | 10.5 | 0% |
| 2014 | 2,177,275 | 474,392 | 1,702,883 | 64.1 | 0% |
| 2015 | 0 | 504,927 | −504,927 | 48.2 | 0% |
| 2016 | 22,177 | 1,773,818 | −1,751,641 | 1.9 | 0% |
| 2017 | 13,125 | 1,571,172 | −1,558,047 | -6.2 | 0% |
| 2018 | 21 | 1,608,710 | −1,608,689 | -18.1 | 0% |
| 2019 | 293,654 | 2,961,867 | −2,668,213 | -20.6 | 3% |
| 2020 | 296,346 | 2,622,401 | −2,326,055 | -33.9 | 0% |
| 2021 | 67,891 | 3,222,694 | −3,154,803 | -39.4 | 0% |
| 2022 | 2,358,282 | 3,772,079 | −1,413,797 | -41.6 | 0% |
| 2023 | 42,705 | 6,292,644 | −6,249,939 | -30.9 | 0% |
In its most recent public year (2023), this organization spent $6,249,939 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-30.9 months). Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Chicago Southwest Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works