Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
53 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
7 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps businesses navigate government issues and promotes local commerce through events and directories.
Questions for Eighteenth Street Development Corp
Your first name shows with your question. Eighteenth Street Development Corp answers here, for everyone.
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Local industrial retention initiative (liri) by working with over 200 small, medium and large scale businesses in pilsen's industrial corridor, the industrial development division of esdc assists in the growth and development of industrial businesses to expand employment opportunities in the community.
NBDC at esdc assists new small businesses with licensing,zoning and other issues which require interface with local and city government agencies. Esdc works with variety entities to provide small businesses with financial resources, employment and workforce development assistance, consumer makreting with a goal of connecting the small…
Technical Assistance Communities (tacom)
Eighteenth street development corporation. (esdc) is designated a housing resource center (hrc)and provides housing - related information, problem solving, community events and workshops to assist low-moderate income homeowners and residents. This initiative is funded by the chicago department of housing.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Land, buildings, equipmentLn 10c | $369 | $369 |
| Total assetsLn 16 | $136K | $14K |
| LiabilitiesLn 26 | $171K | $181K |
| Net assetsLn 32 | −$35K | −$167K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $249K | $209K | $39K | |
| Other employee benefitsLn 9 | $18K | $18K | ||
| Payroll taxesLn 10 | $24K | $24K | ||
| Other fees for servicesLn 11g | $162K | $7K | $154K | |
| TravelLn 17 | $4K | $525 | $3K | |
| Depreciation, depletion and amortizationLn 22 | $665 | $665 | ||
| Total functional expensesLn 25 | $457K | $242K | $215K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2020 Latest Viewing | $325K | $457K | −$132K | −$167K | 990 PDF |
| FY2019 | $437K | $374K | $63K | −$35K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $324,957 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $324,957 across 5 lines filed
Part IX · Statement of functional expenses $457,167 across 6 lines filed
Part X · Balance sheet $13,513 assets, 9 lines filed
Part XI · Reconciliation of net assets −$167,173 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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