Is it real?
Yes. Exemption reinstated (2020-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Sep 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 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
8 people listed on the 990.
Rhonda McFarland’s $82K as Executive Director is at the 12th percentile of top reported officer pay among 2833 $1–10M 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.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Rhonda McFarland | $82,114 | $35,500 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Develops communities by uniting diverse Chicago residents in four neighborhoods.
Questions for Quad Communities Development Corporation Nfp
Your first name shows with your question. Quad Communities Development Corporation Nfp answers here, for everyone.
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Community and economic development activities related to assisting with attracting development, retailers, and services to provide basic products and services in underserved areas. Provide support and technical assistance to small business owners, entrepreneurs and property owners.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2019 990, line by line.
Download 990
| Line | Start FY19 | End FY19 |
|---|---|---|
| Cash and savingsLn 1–2 | $16K | $29K |
| Land, buildings, equipmentLn 10c | $462K | $456K |
| Total assetsLn 16 | $547K | $581K |
| LiabilitiesLn 26 | $569K | $527K |
| Net assetsLn 32 | −$22K | $54K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $22K | $21K | $1K | |
| Advertising and promotionLn 12 | $5K | $5K | ||
| Office expensesLn 13 | $4K | $3K | $1K | |
| TravelLn 17 | $620 | $224 | $396 | |
| Conferences, conventions and meetingsLn 19 | $56 | $30 | $26 | |
| InterestLn 20 | $27K | $20K | $7K | |
| Depreciation, depletion and amortizationLn 22 | $7K | $5K | $1K | |
| InsuranceLn 23 | $9K | $7K | $2K | |
| Other expenses (24a–d)Ln 24 | $211K | $175K | $36K | |
| All other expensesLn 24e | $34K | $28K | $6K | |
| Total functional expensesLn 25 | $319K | $264K | $55K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.0M | $947K | $89K | $132K | 990 PDF |
| FY2024 | $797K | $768K | $29K | $43K | 990 PDF |
| FY2023 | $694K | $554K | $140K | $13K | 990 PDF |
| FY2022 | $828K | $577K | $251K | $311K | 990 PDF |
| FY2021 | $549K | $441K | $108K | $60K | 990 PDF |
| FY2020 | Not on file | ||||
| FY2019 Viewing | $394K | $319K | $75K | $54K | 990 PDF |
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Schedules filed Part IV
See the full FY2019 990 (6 parts)
Part I · Summary $393,951 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $393,951 across 5 lines filed
Part IX · Statement of functional expenses $318,901 across 10 lines filed
Part X · Balance sheet $581,015 assets, 10 lines filed
Part XI · Reconciliation of net assets $53,536 net assets at year end
Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File
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