Chicago Heights Development Corpora EIN 36-4239735

Chicago Heights Development Corpora

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Empowers local businesses and entrepreneurs through infrastructure projects, training, and advocacy for equitable investment. For fiscal year 2025 it reported $291K in revenue, $290K in expenses, and $132K in net assets.Pt I

Type
Membership association · Community Development
Location
Chicago, IL
Website
ww.chicagoheightsedc.org
Filings
6 on file (2020–2025)
Revenue
$291KFY2025
Expenses
$290K
Net assets
$132K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-4239735 Membership association Chicago, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers local businesses and entrepreneurs through infrastructure projects, training, and advocacy for equitable investment.
Leadership
William E Nambo · Program Coordinator · $65K
Money in and out
$291K revenue, $290K expenses
Bottom line
+0.2% operating surplus
Membership & operating revenue · FY2025
Total revenue
$291K
Pt VIII · Ln 12
Total expenses
$290K
Pt IX · Ln 25
Net assets
$132K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $670
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Operating surplus
+0.2%
revenue over expenses▼ -98% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
62%
of spending is salaries & benefits▲ +29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$291K
FY2025▼ -1%
Expenses
$290K
FY2025▲ +16%
Total assets
$132K
FY2025▲ +0.5%
Total liabilities
$0
FY2025
Total revenue
$291K
Pt VIII · Ln 12
Total expenses
$290K
Pt IX · Ln 25
Net assets
$132K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$670
Total assetsPt X · Ln 16$132K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $276K of program spending, described in the organization's own filed words · FY2025.
01

During the year the organization promoted their services within the community and began talking to various businesses about opening a location within chicago heights. The organization worked with the city of chicago heights to assist potential new businesses navigate the process of starting within chicago heights.

$276Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChicago Heights Development Corpora
EINHdr · item D36-4239735
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jww.chicagoheightsedc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCommunity Development (S40)
Ruling yearIRS BMFMar 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Program Coordinator
$65,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

William E Nambo’s $65K as Program Coordinator is at the 42nd percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants100%$291K
Total revenueLn 12$291K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$276K
Management & general5%$13K
Total functional expensesLn 25$290K

Balance Sheet

Part X · end of year
CashLn 1$132K
Total assetsLn 16$132K
Total liabilitiesLn 26$0
Total net assetsLn 32$132K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $132K · Operating expenses/yr $290K
5.4 months
Where the money goes
Program services
Program services $276K · Total expenses $290K
95%
Management & General
Management & general $13K · Total expenses $290K
5%
Fundraising
Fundraising $0 · Total expenses $290K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $195K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $291K · Total revenue $291K
100%
Government reliance
Government grants — · Total revenue $291K
Earned-income share
Program service revenue $0 · Total revenue $291K
0%
Investment reliance
Investment income $0 · Total revenue $291K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $290K
0%
Growth & trend
Revenue growth (YoY)
This year $291K · Prior year $294K
-1%
Revenue CAGR
FY2020 $368K · FY2025 $291K
-5%
Net-asset trend (YoY)
End of year $132K · Beginning of year $131K
+0.5%
Balance sheet
Surplus Margin
Revenue $291K · Expenses $290K
+0.2%
Liabilities-to-Assets
Total liabilities $0 · Total assets $132K
0%
Net-asset ratio
Net assets $132K · Total assets $132K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $132K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William E Nambo · Reported title PROGRAM COORDINATOR · Highest reported compensation $65K · Total expenses $290K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $181K · Total expenses $290K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth -1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$291K revenue · viewing · ⤓ 990 PDF
FY2024$294K revenue · ⤓ 990 PDF
FY2023$160K revenue · ⤓ 990 PDF
FY2022$292K revenue · ⤓ 990 PDF
FY2021$289K revenue · ⤓ 990 PDF
FY2020$368K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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