Southland Development Authority Nfp EIN 84-2818243 Form 990 (PDF) Claim this org

Southland Development Authority Nfp

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Drives inclusive economic growth and revitalizes communities in Cook County's South Suburbs. For fiscal year 2024 it reported $3.6M in revenue, $3.5M in expenses, and $86K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Tinley Park, IL
Website
www.southlanddevelopment.org
Filings
5 on file (2020–2024)
Revenue
$3.6MFY2024
Expenses
$3.5M
Net assets
$86K
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-2818243 Public charity (501(c)(3)) Tinley Park, IL
Form 990 (PDF)
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Figures match the IRS filing checked 8/27/26 · see original: IRS
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Size
$1–10M
What they do
Drives inclusive economic growth and revitalizes communities in Cook County's South Suburbs.
Leadership
John Bo Kemp · CEO · $244K
Money in and out
$3.6M revenue, $3.5M expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$3.6M
Pt VIII · Ln 12
Total expenses
$3.5M
Pt IX · Ln 25
Net assets
$86K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $104K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29 Fundraising $0.00
Program efficiency
71%
of spending reaches programs▲ +17% vs prior filing year
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate▼ -52% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +123% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$3.6M
FY2024▲ +11%
Expenses
$3.5M
FY2024▼ -5%
Total assets
$616K
FY2024▼ -44%
Total liabilities
$529K
FY2024▼ -53%
Total revenue
$3.6M
Pt VIII · Ln 12
Total expenses
$3.5M
Pt IX · Ln 25
Net assets
$86K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$104K
Total assetsPt X · Ln 16$616K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSouthland Development Authority Nfp
EINHdr · item D84-2818243
Principal addressHdr · item CTinley Park, IL
WebsiteHdr · item Jwww.southlanddevelopment.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$243,505Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Bo Kemp$271,621$250,000
Irene Sherr$250,000
John Bo Kemp$243,505

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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Mission & Programs · Part III

Where the work happens

3 program services account for $1.6M of program spending, described in the organization's own filed words · FY2024.
01

The sda business growth services (BGS) program provides targeted, industry-specific, technical and financial support to businesses through an entensive and sophisticated network of partner organizations, expert mentors and specialists.

$1.0Mprogram expense
02

The sda metals hub will grow revenue for metals, manufacturing and equipment (MM&E) firms in the region collaboratively by creating and harnessing the most accessible, capable, and competitive metal fabrication supply chains in the U.S. To deliver new regional revenue and growth.

$391Kprogram expense
03

The capital program includes equity and debt opportunities to support southland businesses. The sda launched an online platform to support loan facilitation for small businesses as well as developed the diverse owners program initiative to support entrepreneurs looking to acquire a southland based buisiness.

$136Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$2.3M · 63%
Program service revenue$1.3M · 36%
Other revenue$37K · 1%
Contributions & grants63%$2.3M
Program service revenue36%$1.3M
Other revenue1%$37K
Investment income$2K
— government grantsLn 1e$1.6M
Total revenueLn 12$3.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29 Fundraising $0.00
Program services71%$2.5M
Management & general29%$994K
Fundraising$3K
Total functional expensesLn 25$3.5M

Balance Sheet

Part X · end of year
CashLn 1$302K
Total assetsLn 16$616K
Total liabilitiesLn 26$529K
Total net assetsLn 32$86K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $302K · Operating expenses/yr $3.5M
1.0 months
Where the money goes
Program services
Program services $2.5M · Total expenses $3.5M
71%
Management & General
Management & general $994K · Total expenses $3.5M
29%
Fundraising
Fundraising $3K · Total expenses $3.5M
0.07%
Cost to raise $1
Fundraising expense (3-yr avg) $847 · Solicited contributions (3-yr avg) $677K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.3M · Total revenue $3.6M
63%
Government reliance
Government grants $1.6M · Total revenue $3.6M
46%
Earned-income share
Program service revenue $1.3M · Total revenue $3.6M
36%
Investment reliance
Investment income $2K · Total revenue $3.6M
+0.06%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $3.5M
37%
Growth & trend
Revenue growth (YoY)
This year $3.6M · Prior year $3.2M
+11%
Revenue CAGR
FY2020 $2.0M · FY2024 $3.6M
+16%
Net-asset trend (YoY)
End of year $86K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.6M · Expenses $3.5M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $616K
Net-asset ratio
Net assets $86K · Total assets $616K
14%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $616K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Bo Kemp · Reported title CEO · Highest reported compensation $244K · Total expenses $3.5M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.6M · Total expenses $3.5M
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0.1%
Revenue growth 11%
Legal fee ratio 1%
Accounting fee ratio 3%

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 · FY2024
See all 4 funders →

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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
FY2024 (Latest)$3.6M revenue · viewing · ⤓ 990 PDF
FY2023$3.2M revenue · ⤓ 990 PDF
FY2022$2.4M revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$2.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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