Development Now for Chicago: FY2023 Nonprofit Profile & Form 990 (EIN 87-3817002)

Revenue by fiscal year
FY2022	$2.3M
FY2023	$12.7M
FY2024	$81.5M

Expenses by fiscal year
FY2022	$1.2M
FY2023	$4.8M
FY2024	$81.7M

Net assets by fiscal year
FY2022	$1.1M
FY2023	$9.0M
FY2024	$8.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Michael J Sacks

President-Bod Member

$0Pt VII · Sec A

Michelle Harris

Treasurer-Bod Member

$0Pt VII · Sec A

Jesse Ruiz

Secretary-Bod Member

$0Pt VII · Sec A

Brandon Salesberry

Assistant Treasurer

$0Pt VII · Sec A

Christy George

Executive Director from Sept'2023

$0Pt VII · Sec A

Christy George’s $83K as Executive Director is at the 2nd percentile of top reported officer pay among 572 $10–100M 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.

See Development Now for Chicago executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Promotes economic development and improves business conditions in the Chicago metropolitan area.

Questions for Development Now for Chicago

Tap to ask. Development Now for Chicago sees how many people are interested.

Your first name shows with your question. Development Now for Chicago answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2022

01

Development now for chicago was formed to promote economic development and improve business conditions in the chicago metropolitan area by promoting the selection of chicago as the site of the 2024 democratic national convention and, if chicago was selected, to serve as the local host committee for the convention.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Future Forward USA ActionFY2024$2.0M

House Majority ForwardFY2024$1.0M

United Brotherhood of Carpenters & Joiners of AmericaFY2024$1.0M

American Federation of State County & Municipal EmployeesFY2024$550K

Amalgamated Transit UnionFY2024$500K

Democratic Majority for IsraelFY2024$400K

National Nurses UnitedFY2024$250K

Total grants receivedfrom 15 funders$7.2M

See all 15 funders →

Grants paid · 2 grants · $61K · 2023–2023

Growing Home INCIL · FY2023$50,000

Devices 4 the DisabledIL · FY2023$10,590

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$12.7M

Ln 12

Gifts and grantsLn 1h$12.7M

Investment incomeLn 3$9K

Money outPt IX

$4.8M

Ln 25

Owns and owesPt X

$9.0M

net assets · Ln 32

Cash and savingsLn 1–2$9.0M

Total assetsLn 16$9.0M

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$12.7M

Investment incomeLn 3$9K

Total revenueLn 12$12.7M

Assets in detailPt X, end of year

CashLn 1$9.0M

Cash and savings togetherLn 1–2$9.0M

Other assetsLn 15$9K

Total assetsLn 16$9.0M

LiabilitiesLn 26$0

Net assetsLn 32$9.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

Fiscal year endsHeaderNovember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$1.1M	$9.0M
Total assetsLn 16	$1.1M	$9.0M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.1M	$9.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$61K
Other salaries and wagesLn 7	$171K
Other employee benefitsLn 9	$5K
Payroll taxesLn 10	$23K
Management feesLn 11a	$355K
Legal feesLn 11b	$260K
Accounting feesLn 11c	$28K
Professional fundraising feesLn 11e	$318K
Other fees for servicesLn 11g	$172K
Advertising and promotionLn 12	$572
Office expensesLn 13	$63K
Information technologyLn 14	$50K
OccupancyLn 16	$108K
TravelLn 17	$95K
Conferences, conventions and meetingsLn 19	$216K
InsuranceLn 23	$2K
Other expenses (24a–d)Ln 24	$2.8M
Total functional expensesLn 25	$4.8M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$81.5M	$81.7M	−$260K	$8.7M	990 PDF
FY2023 Viewing	$12.7M	$4.8M	$7.9M	$9.0M	990 PDF
FY2022	$2.3M	$1.2M	$1.1M	$1.1M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $12,662,411 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,255,007$12,653,364

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$9,047

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $2,255,007$12,662,411

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$260,289

I-16a Professional fundraising feesPrior year $100,000$317,500

I-17 Other expensesPrior year $1,063,619$4,183,178

I-18 Total expensesPrior year $1,163,619$4,760,967

I-19 Revenue less expensesPrior year $1,091,388$7,901,444

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $12,662,411 across 4 lines filed

VIII-1f All other contributions, gifts and grants$12,653,364

VIII-1h Total contributions, gifts and grants$12,653,364

VIII-3 Investment incomeExcluded from tax $9,047$9,047

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,047$12,662,411

Part IX · Statement of functional expenses $4,760,967 across 17 lines filed

IX-5 Pay of current officers, directors and key staff$61,169

IX-7 Other salaries and wages$170,923

IX-9 Other employee benefits$5,423

IX-10 Payroll taxes$22,774

IX-11a Management fees$355,000

IX-11b Legal fees$260,063

IX-11c Accounting fees$27,500

IX-11e Professional fundraising fees$317,500

IX-11g Other fees for services$172,341

IX-12 Advertising and promotion$572

IX-13 Office expenses$62,583

IX-14 Information technology$50,138

IX-16 Occupancy$107,516

IX-17 Travel$95,171

IX-19 Conferences, conventions and meetings$216,264

IX-23 Insurance$2,088

IX-24 Other expenses (24a–d)$2,833,942

IX-25 Total functional expenses$4,760,967

Part X · Balance sheet $8,992,832 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $1,091,388$8,983,389

X-15 Other assetsStart of year $0$9,443

X-16 Total assetsStart of year $1,091,388$8,992,832

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $1,091,388$8,992,832

X-32 Total net assets or fund balancesStart of year $1,091,388$8,992,832

X-33 Total liabilities and net assetsStart of year $1,091,388$8,992,832

Part XI · Reconciliation of net assets $8,992,832 net assets at year end

XI-1 Total revenue$12,662,411

XI-2 Total expenses$4,760,967

XI-3 Revenue less expenses$7,901,444

XI-4 Net assets at start of year$1,091,388

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$8,992,832

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Development Now for Chicago FY2023 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Development Now for Chicago

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV