2023-08-16T14:24:28-05:00 2022-12-31 362985770 SELDEN FOX LTD 619 ENTERPRISE DRIVE OAK BROOK IL 605238835 990 2022-01-01 363966573 ALLIES FOR COMMUNITY BUSINESS INC ACCI 3129242180 135 N KEDZIE AVE CHICAGO IL 60612 BRAD MCCONNELL CHIEF EXECUTIVE OFFICER 3129242180 2023-08-09 1 BRAD MCCONNELL 999009999 0 PAUL J ROZEK P00542258 6309541400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRAD MCCONNELL 135 N KEDZIE AVE CHICAGO IL 60612 9120586 0 X A4CB.ORG X 1994 IL PROVIDE CREDIT AND SERVICES TO SMALL BUSINESSES WITHOUT ACCESS TO TRADITIONAL SOURCES OF FINANCING. 11 11 40 81 0 0 11310128 7235138 1107801 1680781 34649 77621 0 -19071 12452578 8974469 2415000 60103 0 0 3057207 3460569 0 0 725465 1223588 4316234 6695795 7836906 5756783 1137563 54726016 47279806 35893357 27426274 18832659 19853532 ALLIES FOR COMMUNITY BUSINESS IS A NONPROFIT THAT PROVIDES THE CAPITAL, COACHING, AND CONNECTIONS ENTREPRENEURS NEED TO GROW GREAT BUSINESSES THAT CREATE JOBS AND WEALTH IN THEIR COMMUNITIES. 0 0 6044505 60103 1680781 ALLIES FOR COMMUNITY BUSINESS (A4CB) SUPPORTS SMALL BUSINESSES THAT STRENGTHEN THEIR COMMUNITIES. THEY PROVIDE THE CAPITAL, COACHING, AND CONNECTIONS ENTREPRENEURS NEED TO GROW GREAT BUSINESSES THAT CREATE JOBS AND WEALTH THEIR COMMUNITIES. AS A NONPROFIT LOCATED ON CHICAGO'S WEST SIDE, A4CB PRIORITIZES BLACK, HISPANIC/LATINX, WOMEN, AND LOW-INCOME ENTREPRENEURS THROUGHOUT THE CHICAGOLAND AREA AND BEYOND. THEY OFFER LOANS BETWEEN $500 AND $100,000 TO EARLY, EMERGING, AND ESTABLISHED BUSINESSES AT FAIR PRICES. IN ADDITION, THEY PROVIDE FREE COACHING TO ANYONE WHO WANTS TO START OR GROW A BUSINESS, AND THEY CONNECT ENTREPRENEURS TO TRUSTED PARTNERS THAT CAN HELP FURTHER. 6044505 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 40 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X X MARION MOORE 3129242161 135 N KEDZIE AVE CHICAGO IL 60612 BRAD MCCONNELL CHIEF EXECUTIVE OFFICER 40.00 X 209069 0 5447 MARY TRITSIS DIRECTOR OF COMMUNITY BUSI 40.00 X 156299 0 15420 ROWAN RICHARDS DIRECTOR OF COACHING AND C 40.00 X 162811 0 4882 JENNIE MOTTO MESTERHARM CHIEF OF STAFF 40.00 X 133902 0 18433 MARY RILEY DIRECTOR OF COMMUNITY RELA 40.00 X 130402 0 9173 JILL KOZELUH DIRECTOR OF DEVELOPMENT 40.00 X 133970 0 4285 MICHELLE T THOM CHAIR 2.25 X X 0 0 0 JOE NERI SECRETARY AND TREASUR 2.25 X X 0 0 0 BERNITA JOHNSON-GABRIEL DIRECTOR 2.25 X 0 0 0 JUAN ORTIZ DIRECTOR 2.25 X 0 0 0 S MICHAEL MCCRACKEN CHAIR, LENDING 2.25 X 0 0 0 CLEMENTE NICADO DIRECTOR 2.25 X 0 0 0 DARLENE HIGHTOWER DIRECTOR 2.25 X 0 0 0 ADRIANNE SPIVEY DIRECTOR 2.25 X 0 0 0 ANTHONY WALLER DIRECTOR 2.25 X 0 0 0 OSCAR JOHNSON DIRECTOR 2.25 X 0 0 0 BEN BOCHNOWSKI DIRECTOR 2.25 X 0 0 0 PATRICE DZIIRE DIRECTOR - TERM ENDED IN 2022 2.25 X 0 0 0 926453 0 57640 9 0 1 0 0 48468 2447029 4739641 7235138 LOAN INTEREST 900099 1120319 1120319 LOAN FEES 900099 551837 551837 PARTICIPATION INCOME 900099 8625 8625 1680781 77621 77621 127046 127046 0 0 0 48468 19071 -19071 -19071 8974469 1680781 0 58550 60103 60103 239069 183940 32465 22664 2693720 1981472 304808 407440 68062 49481 8753 9828 225501 163939 28999 32563 234217 172638 27289 34290 190165 19466 166832 3867 738079 563979 94354 79746 25429 22650 1309 1470 77135 71608 2824 2703 411547 309561 54454 47532 599099 296012 248146 54941 3400 2525 442 433 892534 892534 140787 102352 18105 20330 30741 13643 14388 2710 PROVISION FOR LOAN LOSS 880026 880026 CREDIT AND COLLECTIONS 229882 229882 OTHER 69499 5761 61000 2738 TRAINING 27911 22933 2768 2210 7836906 6044505 1066936 725465 17669781 2958840 8973654 11468202 697872 407576 22187265 23366049 134100 230748 1263197 802842 367195 460355 4696149 4579459 0 3808577 54726016 47279806 707576 715022 118835 10000 24328228 22594847 10738718 4106405 35893357 27426274 X 3918019 6246543 14914640 13606989 18832659 19853532 54726016 47279806 1137563 -116690 0 X 0 1 X 1 1 1 X 3206078 5503257 16894624 10881988 7235138 43721085 3206078 5503257 16894624 10881988 7235138 43721085 6680152 37040933 803 929 13015 34649 77621 127017 43848102 5429127 0.84480 0.83840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196141 144080 52061 302814 217532 85282 764242 441230 323012 460355 THE HATCHERY TITLE HOLDING CORPORATION NFP 322378 F THE HATCHERY MASTER TENANT LLC 4257081 F 4579459 OPERATING LEASE RIGHT-OF-USE ASSET 3808577 3808577 FUNDS HELD FOR OTHERS 228216 OPERATING LEASE LIABILITY 3878189 4106405 X 8876850 -116690 19071 -97619 8974469 0 8974469 7855977 19071 19071 7836906 0 7836906 PART X, LINE 2: THE ORGANIZATION WAS GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES BY THE INTERNAL REVENUE SERVICE PURSUANT TO THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE TAX EXEMPT PURPOSE OF THE ORGANIZATION AND THE NATURE IN WHICH IT OPERATES IS DESCRIBED IN THE FIRST PARAGRAPH OF NOTE 1. MANAGEMENT BELIEVES THE ORGANIZATION CONTINUES TO OPERATE IN COMPLIANCE WITH ITS TAX EXEMPT PURPOSE. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME THAT MANAGEMENT BELIEVES IS SUBJECT TO TAX IN 2022 OR 2021. THE ORGANIZATION'S ANNUAL INFORMATIONAL RETURNS FILED WITH THE FEDERAL AND STATE GOVERNMENTS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) FOR THREE YEARS AFTER FILING. THUS, RETURNS FOR 2019, 2020 AND 2021 REMAIN OPEN TO IRS EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ARE PRESENTED GROSS ON THE AUDIT REPORT AS PART OF CONTRIBUTION REVENUE, BUT NET ON THE 990 19,071. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ARE PRESENTED GROSS ON THE AUDIT REPORT AS PART OF CONTRIBUTION REVENUE, BUT NET ON THE 990 19,071. TASTE TO COMMUNITY BUSINESS 48468 48468 13928 1050 4093 48468 48468 13928 1050 4093 19071 -19071 1 LLOYDS LOLLIPOP LAND DAYCARE 7016 S EMERALD CHICAGO IL 60621 300060799 20000 0 SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES SOUTH CHICAGO DANCE THEATRE 5728 S BLACKSTONE 310 CHICAGO IL 60637 822696548 501C(3) 20000 0 SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES JACQUES INTERNATIONAL LANGUAGE ACADEMY 6438 N WHIPPLE STREET CHICAGO IL 60645 820936041 20000 0 SUPPORT FOR NEIGHBORHOOD ENTREPRENEURSHIP LAB COHORTS DESIGNED TO PROVIDE ASSISTANCE TO SMALL BUSINESSES 1 3 PART I, LINE 2: GRANT EXPENSES CONSIST OF AMOUNTS DISBURSED TO BUSINESSES THAT PARTICIPATE IN ALLIES FOR COMMUNITY BUSINESS'S NEIGHBORHOOD ENTREPRENEURS PROGRAM,AS WELL AS A DONATION TO SUPPORT A NOT-FOR-PROFIT'S POWER OF CONNECTION EVENT. GRANTEES FOR THE NEIGHBORHOOD ENTREPRENEURS PROGRAM ARE SELECTED FROM A POOL OF CANDIDATES AND MUST SATISFY PROGRAM REQUIREMENTS PRIOR TO DISBURSING FUNDS TO THE GRANTEES. X X 0 0 0 0 0 0 0 0 0 BRAD MCCONNELL CHIEF EXECUTIVE OFFICER 179069 0 30000 0 0 0 5447 0 0 0 214516 0 0 0 MARY TRITSIS DIRECTOR OF COMMUNITY BUSI 140799 0 15500 0 0 0 15420 0 0 0 171719 0 0 0 ROWAN RICHARDS DIRECTOR OF COACHING AND C 149311 0 13500 0 0 0 4882 0 0 0 167693 0 0 0 JENNIE MOTTO MESTERHARM CHIEF OF STAFF 121902 0 12000 0 0 0 18433 0 0 0 152335 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ENCOURAGED TO DISCLOSE CONFLICTS OF INTEREST AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS DETERMINED BY THE BOARD OF DIRECTORS AND IS PERFORMANCE-BASED AND COMPARABLE TO SIMILAR NONPROFIT ORGANIZATIONS IN ILLINOIS AND INDIANA AND IN THE INDUSTRY IN WHICH ALLIES FOR COMMUNITY BUSINESS OPERATES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.