Greater Southwest Development Corporation
Only null% goes to programs Strong reserves Growing revenue
Greater Southwest Development Corporation is a 501(c)(3) organization based in Chicago, Illinois, registered in 1977, with $2,845,355 in FY2023 revenue. CharityIndex grades it B.
2601 W 63rd St, Chicago, IL, 60629 EIN 36-2858304 Since 1977
Revenue (FY2023)
$2.8M
▲ 2.1% vs prior year
Community median: $184K
Expenses (FY2023)
$2.5M
Net assets
$14.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Greater Southwest Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating69 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Greater Southwest Development Corporation: 69 mo reserves · +12% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Greater Southwest Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Greater Southwest Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2601 W 63rd St, Chicago, IL, 60629
- City
- Chicago
- State
- Illinois
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue grew from $1.4M (FY2013) to $2.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4.7MNet assets $14.3M
Operating margin
12.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$19.0M
Total liabilities
$4.7M
Net assets
$14.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,845,355▲2.1% | $2,497,146▼6.8% | $14,315,628▲64.8% | $18,971,058▲35.0% | 990 |
| 2022 | $2,786,256▲28.2% | $2,680,444▲56.3% | $8,687,751▲1.2% | $14,051,462▲49.3% | 990 |
| 2021 | $2,172,878▲84.0% | $1,714,414▲35.9% | $8,581,939▲5.6% | $9,409,140▲4.6% | 990 |
| 2020 | $1,181,194▼9.7% | $1,261,500▲4.9% | $8,123,475▼1.0% | $8,996,605▲2.2% | 990 |
| 2019 | $1,308,361▼17.5% | $1,202,475▼12.5% | $8,203,781▼0.8% | $8,799,764▲0.5% | 990 |
| 2018 | $1,585,610▼22.3% | $1,374,092▲4.2% | $8,272,908▲0.9% | $8,757,894▲1.3% | 990 |
| 2017 | $2,040,306▲151% | $1,318,143▲27.8% | $8,201,390▲9.7% | $8,642,931▲13.6% | 990 |
| 2016 | $812,869▼42.2% | $1,031,422▼21.0% | $7,479,227▼2.8% | $7,610,249▼3.7% | 990 |
| 2015 | $1,406,950▼62.8% | $1,306,243▼17.2% | $7,697,780▲1.5% | $7,905,028▼0.8% | 990 |
| 2014 | $3,784,317▲163% | $1,576,729▲17.9% | $7,585,392▲72.8% | $7,966,852▲75.1% | 990 |
| 2013 | $1,437,010 | $1,337,119 | $4,388,575 | $4,548,745 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $2.6M total
14 grants to Greater Southwest Development Corporation totaling $2.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $140,000 |
| Enterprise Community Partners Inc | Emergency action for residents & partners stability | 2023 | $60,000 |
| Womens Business Development Center | Business support organization providing technical assistance to entrepreneurs. | 2023 | $26,761 |
| The Chicago Community Trust | 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 | $265,000 |
| The Chicago Community Trust | To support the southwest ecosystem partnership hub project. in support of its financial building program and services planning phase. in support of general operations. | 2021 | $500,000 |
| The Chicago Community Trust | To support the southwest ecosystem partnership hub project. in support of its financial building program and services planning phase. in support of general operations. | 2021 | $500,000 |
| Local Initiatives Support Corporation | See part iv | 2021 | $49,000 |
| The Chicago Community Trust | To support financial building program and services, and greater southwest development corporation | 2020 | $290,000 |
| Chicago Cook Workforce Partnership | Workforce innovation and opportunity act and other grant activiies | 2020 | $20,974 |
| The Chicago Community Trust | To support the greater englewood chamber of commerce collaborative work with accion, basic financials for business, flexible funds program, and general operating support | 2019 | $345,000 |
| Local Initiatives Support Corporation | See part iv | 2019 | $27,900 |
| United Way of Metropolitan Chicago Inc | Program support | 2019 | $25,000 |
| Local Initiatives Support Corporation | See part iv | 2015 | $68,556 |
| Local Initiatives Support Corporation | See part iv | 2014 | $246,015 |
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Frequently asked questions
- Is Greater Southwest Development Corporation a legitimate nonprofit?
- Yes. Greater Southwest Development Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2858304, based in Chicago, Illinois. Donations are tax-deductible.
- What is Greater Southwest Development Corporation's EIN?
- Greater Southwest Development Corporation's Employer Identification Number (EIN) is 36-2858304.
- How much revenue does Greater Southwest Development Corporation report?
- Greater Southwest Development Corporation reported $2,845,355 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Greater Southwest Development Corporation have?
- CharityIndex grades Greater Southwest Development Corporation B, based on financial health (reserves and operating margin).
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Data for Greater Southwest Development Corporation (EIN 36-2858304) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.