2024-10-24T10:24:41-00:00 2023-12-31 462665629 EVOLVE ACCOUNTING & BUSINESS SERVICES INC 301 N WHITE STREET STE B FRANKFORT IL 60423 990 2023-01-01 362858304 GREATER SOUTHWEST DEVELOPMENT CORP GREA 7734361000 2601 W 63RD ST CHICAGO IL 606291619 ADRIAN SOTO EXECUTIVE DIRECTOR 7734361000 2024-10-24 true Michael R Sieczkowski P01473144 8477491851 2024-10-24 2023 2024-10-15 13:58:12Z ADRIAN SOTO 2601 W 63RD ST CHICAGO IL 606291619 2845355 false X WWW.GREATERSOUTHWEST.ORG X 1974 IL THE GREATER SOUTHWEST DEVELOPMENT CORPORATION IS THE CATALYST FOR CREATING AND MAINTAINING A VITAL GREATER SOUTHWEST CHICAGO COMMUNITY. 8 8 31 0 2127585 1535586 140213 95822 61020 211506 457438 1002441 2786256 2845355 519635 263967 0 1285153 1371657 0 16778 875656 861522 2680444 2497146 105812 348209 14051462 18971058 5363711 4655430 8687751 14315628 X THE GREATER SOUTHWEST DEVELOPMENT CORPORATION IS THE CATALYST FOR CREATING AND MAINTAINING A VITAL GREATER SOUTHWEST CHICAGO COMMUNITY. 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THE REACH CENTER OFFERS HOUSING COUNSELING SERVICES FINANCIAL COACHING SERVICES EMPLOYMENT SERVICES INCOME SUPPORTS SCREENING AND COMPUTER TRAINING. 958299 true true false false false false false false false false true false false true true true true true false false false false false false false false false true false false false false false false false false false false false false false false true true false true false true 18 0 false 31 true false false false false false false false false false X 8 8 false false false false false false false false false false false true false false false true false false IL X ADRIAN SOTO 7734361000 2601 W 63RD ST CHICAGO IL 606291619 ADRIAN SOTO EXECUTIVE DIRECTOR 045.00 X 164371 0 0 MANUEL JIMENEZ PRESIDENT 002.00 X X 0 0 0 JEFF BARTOW SECRETARY 002.00 X X 0 0 0 MARK DIVALERIO TREASURER 002.00 X X 0 0 0 NYLA DIAB DIRECTOR 002.00 X 0 0 0 GABRIELLA BARRIENTOS DIRECTOR 002.00 X 0 0 0 RICK GUITIERREZ DIRECTOR 002.00 X 0 0 0 BRYAN JOHNSON DIRECTOR 002.00 X 0 0 0 RUFF MARA DIRECTOR 002.00 X 0 0 0 164371 1 false false false 938977 596609 1535586 PROPERTY MANAGEMENT FEES 531390 60822 60822 PARTNERSHIP MANAGEMENT FEE 531390 35000 35000 95822 211506 370926 370926 370926 370926 MISCELLANEOUS INCOME 900099 9276 9276 EMPLOYEE RETENTION CREDIT 347239 347239 DEVELOPER FEE 275000 275000 631515 2845355 727337 370926 263967 263967 0 0 0 0 0 1371657 562138 809519 0 0 0 0 0 0 0 0 302157 29901 272256 0 71894 2111 69783 0 0 246352 69599 176753 39277 2759 19740 16778 0 0 0 0 9399 9399 32631 32631 REAL ESTATE TAXES 26077 6791 19286 PROJECT DEVELOPMENT 71444 71444 REPAIRS MAINTENANCE 47817 14400 33417 14474 6633 7841 2497146 958299 1522069 16778 1318085 566444 880840 777908 163397 163397 988558 2146603 40037 32336 599310 444207 164501 155103 10496044 15129267 14051462 18971058 560297 116713 457500 357500 4345914 4181217 5363711 4655430 X 8687751 14315628 8687751 14315628 14051462 18971058 348209 5279668 X false true X true false X 1258392 835119 1473279 2127585 1571586 7265961 1258392 835119 1473279 2127585 1571586 7265961 7265961 100131 415974 331088 508202 582319 1937714 9203675 0.78950 0.82770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 24248 24248 327086 213765 113321 23840 19748 4092 103639 90197 13442 120497 120497 155103 Financial derivatives and other financial products Closely-held equity interests PROPERTIES HELD FOR INVESTMENT 214329 INVESTMENT - CVSL INVESTMENT - CHURCHVIEW MANOR PRESERVATION INVESTMENT - LTP 1654225 DEVELOPER FEE - LTP 260632 NOTES RECEIVABLE FROM RELATED PARTY 9155672 RIGHT TO USE ASSET - COMMERCIAL MASTER LEASE 3844409 15129267 Federal income taxes SECURITY DEPOSIT LIABILITY DEFERRED RENT LIABILITY - LTP 336808 PPP LOAN NOTE PAYABLE LEASE OBLIGATION - COMMERCIAL MASTER LEASE 3844409 4181217 X 2881355 36000 36000 2845355 2845355 2533146 36000 36000 2497146 2497146 X 2 GSDC IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. GAAP REQUIRES THAT TAX POSITIONS BE RECOGNIZED OR NOT RECOGNIZED IN THE FINANCIAL STATEMENTS BASED ON A MORE LIKELY THAN NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. GSDC DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATIONS INCOME TAX FILINGS FOR THE YEARS 2020 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. true GREATER ENGLEWOOD COMMUNITY DEVELOPMENT CORP 815 W 63RD ST 4TH FLR CHICAGO IL 606211917 770627605 3250 MIDWAY CHAMBER OF COMMERCE 6554 W ARCHER AVE CHICAGO IL 60638 883525336 36976 THE SOUTHWEST COLLECTIVE 4444 S PULASKI RD 2ND FLOOR CHICAGO IL 60632 384126406 36450 THE SOUTHWEST COLLECTIVE 4444 S PULASKI RD 2ND FLOOR CHICAGO IL 60632 384126406 45824 TGI MOVEMENT 2500 W 63RD ST CHICAGO IL 60629 830809594 47867 CHICAGO INVENTORS ORGANIZATION 2150 S CANALPORT AVE 2A-9 CHICAGO IL 60608 200971520 11700 CHICAGO INVENTORS ORGANIZATION 2150 S CANALPORT AVE 2A-9 CHICAGO IL 60608 200971520 35100 TARGET AREA DEVELOPMENT CORP 1542 W 79TH STREET CHICAGO IL 60620 364024688 46800 8 Form 990, Part III, Line 1 ORGANIZATION MISSION THE GREATER SOUTHWEST DEVELOPMENT CORPORATION IS THE CATALYST FOR CREATING AND MAINTAINING A VITAL GREATER SOUTHWEST CHICAGO COMMUNITY. EMPOWERING, BUILDING, AND SUSTAINING DEVELOPMENT RAISES THE QUALITY OF LIFE FOR OUR NEIGHBORHOOD RESIDENTS, BUSINESSES AND INDUSTRIES. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES DESCRIPTION INDUSTRIAL RESOURCES - RECOGNIZING THAT STRENGTHENING INDUSTRY CREATES A VITAL COMMUNITY. GSDC LAUNCHED ITS INDUSTRIAL DIVISION IN 1995. DESIGNATED AS A LOCAL INDUSTRIAL RETENTION INITIATIVE LIRI AGENCY BY THE CITY OF CHICAGO, THE INDUSTRIAL DIVISION RESPONDS TO INDUSTRIAL BUSINESS NEEDS AND AREA-WIDE CONCERNS. AS AN LIRI AGENCY, THEIR OPERATIONAL COSTS ARE COVERED BY SPECIALLY EARMARKED TAX REVENUE. THIS GIVES THEM THE ABILITY TO PROVIDE HIGH QUALITY SERVICES AT NO COST TO INDUSTRIAL BUSINESS OWNERS, INCLUDING ONE-ON-ONE CONSULTING FOR STRATEGIC BUSINESS PLANNING THAT TAKES ADVANTAGE OF GROWTH OPPORTUNITIES TECHNICAL ASSISTANCE THAT ASSESSES BUSINESS NEEDS AND PROVIDES THE RIGHT TOOLS FOR SUCCEEDING IN A DYNAMIC ENVIRONMENT BUSINESS WORKSHOPS THAT FOCUS ON INDUSTRY REGULATIONS AND OTHER RELEVANT TOPICS STREAMLINED ACCESS TO LOW-COST INDUSTRIAL FINANCING, BOND PROGRAMS AND GRANTS AND RESOURCES AND INFORMATION FROM A RELIABLE SOURCE THAT STAYS CURRENT WITH INDUSTRY TRENDS. SMALL BUSINESS IMPROVEMENT FUND SBIF - SBIF GRANTS PROVIDE FINANCIAL ASSISTANCE TO OWNERS OR TENANTS WHO REPAIR OR IMPROVE THEIR BUSINESS PROPERTIES LOCATED IN A TAX INCREMENT FINANCING TIF DISTRICT. GRANTS ARE AVAILABLE FOR UP TO 150,000 TO COVER 25, 50, OR EVEN 75 OF THE TOTAL COST OF WORK. ELIGIBLE EXPENSES INCLUDE THE REHABILITATION, REMODELING OR RENOVATION OF ITEMS, SUCH AS WINDOWS, FLOORS OR ROOFS SIGN OR AWNING HVAC AND OTHERR MECHANICAL SYSTEMS ACCESSABILITY IMPROVEMENTS BEAUTIFICATION EFFORTS PAVING OF PARKING FACILITIES PURCHASE OF ADJACENT PROPERTY FOR BUILDING EXPANSION OR PARKING. SBIF ELIGIBILITY REQUIREMENTS INCLUDE COMMERCIAL, WHERE ANNUAL GROSS SALES AVERAGE UNDER 3 MILLION FOR THE PRIOR THREE YEARS INDUSTRIAL, WHERE 100 OR FEWER FULL-TIME EQUIVALENT EMPLOYEES PROPERTY OWNERS WITH A MAXIMUM NET WORTH OF 6 MILLION EXCLUDING INDUSTRIAL OWNERS AND VACANT PROPERTY DEVELOPMENT. BUSINESS WORKSHOPS - THE BUSINESS WORKSHOPS ARE ABLE TO FIT BUSY SCHEDULES AND FOCUS ON TOPICS RELEVANT TO OPERATING A BUSINESS IN TODAYS CHALLENGING ENVIRONMENT, SUCH AS BUSINESS PLAN WRITING BUSINESS CREDIT AND FINANCING EFFECTIVE ONLINE AND PRINT MARKETING STRATEGIES FINACICAL AND TAX REPORTING AND CITY OF CHICAGO PERMITS, LICENSING AND ZONING. BOTH THE SSA AND CSS SERVICES INCLUDE BUSINESS TECHNICAL ASSISTANCE THAT HELPS LAUNCH NEW BUSINESSES AND SUPPORTS THE GROWTH OF EXISTING BUSINESSES. BUSINESS TECHNICAL ASSISTANCE INCLUDES 1. BUSINESS ASSESSMENT - A SKILLED PROFESSIONAL TEAM THAT WILL WORK WITH YOU TO EXPLORE BUSINESS POTENTIAL, ASSESS MARKET DYNAMICS, REVIEW AND ANALYZE YOUR BUSINESS PLAN CONCEPTS 2. CONNECTING OWNERS WITH PROPERTIES - WHETHER OPENING A NEW BUSINESS OR SIMPLY MOVING YOUR BUSINESS TO A NEW LOCATION, OUR DATABASE OF BUILDINGS FOR SALE AND RENT INSUDE THE 63RD STREET DISTRICTS HELPS YOU SELECT A SITE THAT SUITS YOUR NEEDS. 3 CONSULTING AND STRATEGY DEVELOPMENT - TAKE ADVANTAGE OF OUR EXPERIENCE WITH LOCAL BUSINESS MARKET AND GLOBAL MARKET TRENDS THROUGH INDIVIDUALIZED SUPPORT WITH DEVELOPING COST-EFFECTIVE ONLINE AND PRINT MEDIA MARKETING ENHANCING SALES CYCLE METHODS AND IDENTIFYING NEEDS AND ACCESSING FLEXIBLE FINANCING AND GRANTS. 4. TECHNOLOGY LAB - OUR TECHNOLOGY LAB, COMBINED WITH OUR BUSINESS WORKSHOPS, HELPS BUSINESS OWNERS TO BUILD TECHNOLOGY SKILLS, SUCH AS USING BUSINESS SOFTWARE, ACCOUNTING SOFTWARE AND DATABASES EFFECTIVELY USING ONLINE BANKING AND E-COMMERCE TOOLS ACCEPTING PAYMENTS SECURLY ONLINE AND DEVELOPING A WEBSITE AND SOCIAL MEDIA ENGAGEMENT STRATEGY. SENIOR HOUSING - FOR OVER 20 YEARS, GSDC HAS SUCCESSFULLY PROVIDED HIGH QUALITY RENTAL OPPORTUNITIES FOR INCOME-QUALIFIED SENIORS AT TWO SEPARATE LOCATIONS IN THE CHICAGO LAWN COMMUNITY AT CHURCHVIEW AND LAWN TERRACE APARTMENTS. CHURCHVIEW APARTMENTS IS ALSO HOME TO A SUPPORTIVE LIVING FACILITY. WITH CLOSE TO 250 AFFORDABLE APARTMENTS AND A WAITING LIST AT BOTH BUILDINGS, GSDC OVERSEES THE PROPERTY MANAGEMENT OF ALL THREE FACILITIES. FOR THOSE SENIORS WHO STILL WISH TO LIVE AN ACTIVE AND URBAN LIFESTYLE, CHURCHVIEW AND LAWN TERRACE INDEPENDENT LIVING APARTMENTS ARE IDEAL. PETS ARE ALLOWED AND RESIDENTS CAN LOOK FORWARD TO WEEKLY AND MONTHLY ACTIVITIES, INCLUDING BINGO, EXERCISE GROUPS, BIBLE STUDY, MOVIE DAYS, BIRTHDAY PARTIES, HOLIDAY CELEBRATIONS, AND MORE. PLEASE NOTE THAT THESE SENIOR APARTMENTS ARE AVAILABLE ONLY FOR PERSONS 62 AND OLDER. AMENITIES INCLUDE HEAT, WATER, GAS, KEYCARD DOOR ENTRY SYSTEM, INDIVIDUAL CLIMATE CONTROLLED UNITS, FULL BATHROOMS WITH HANDRAILS, ELEVATOR AND WHEEL CHAIR ACCESS, SEPARATE STORAGE SPACE, FREE PARKING AND LAUNDRY FACILITIES. ONE-BEDROOM, TWO-BEDROOM, AND STUDIO UNITS ARE AVAILABLE. Form 990, Part VI, Section B, Line 11b - FORM 990 REVIEW PROCESS MEMBERS OF MANAGEMENT AND THE BOARD OF DIRECTORS REVIEW AND APPROVE FORM 990, WHILE DOCUMENTING SUCH APPROVAL IN THE MINUTES PRIOR TO FILING. Form 990, Part VI, Line 12c - EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ANNUAL REPORTING TO THE ORGANIZATION BY OFFICERS AND DIRECTORS. Form 990, Part VI, Section B, Line 15a - COMPENSATION REVIEW APPROVAL PROCESS - CEO TOP MANAGEMENT THE BOARD OF DIRECTORS APPROVES COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND THE CHIEF OPERATING OFFICER. Form 990, Part VI, Section C, Line 19 - OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE ORGANIZATIONS DOCUMENTS ARE MADE AVAILABLE UPON REQUEST OF INTERESTED PARTIES. 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