2025-10-24T14:21:27-05:00 2024-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-01-01 842818243 SOUTHLAND DEVELOPMENT AUTHORITY NFP SOUT 7087226070 17730 OAK PARK AVE NO D TINLEY PARK IL 60477 BO KEMP CEO & PRESIDENT 7087226070 2025-10-24 1 0 ERIC HARRISON P01916785 2127094500 2025-10-21 2024 2025-03-06 01:10:19Z BO KEMP 17730 OAK PARK AVE NO D TINLEY PARK IL 60477 3591610 0 X HTTPS://WWW.SOUTHLANDDEVELOPMENT.ORG/ X 2019 IL THE SOUTHLAND DEVELOPMENT AUTHORITY (SDA) WAS LAUNCHED IN 2019 WITH A MISSION TO COLLABORATIVELY DESIGN AND SUPPORT IMPLEMENTATION OF COMPREHENSIVE, TRANSFORMATIVE, INCLUSIVE ECONOMIC GROWTH IN COOK COUNTY'S SOUTH SUBURBS. SDA SEEKS TO RE-ESTABLISH THE SOUTHLAND AS A MAJOR HUB OF ECONOMIC ACTIVITY, REVITALIZING THE AREA AS A UNIQUE SET OF COMMUNITIES THAT CELEBRATES AND ENGAGES ITS RICH HISTORY AND DIVERSITY. INCLUSIVE ECONOMIC GROWTH HAS BEEN A FOUNDING PRINCIPLE OF THE SDA, INFORMING ALL OF ITS PROGRAMS AND ACTIVITIES WITH A FOCUS ON THE FOLLOWING DIMENSIONS:1.OWNERSHIP - GROWING BUSINESS AND REAL ESTATE OWNERSHIP BY PEOPLE OF COLOR.2.EMPLOYMENT - INCREASING THE EMPLOYMENT OF WORKERS OF COLOR IN QUALITY JOBS WITH STRONG CAREER LADDER.3.LOCATION AND ACCESS - ENSURING DISADVANTAGED POPULATIONS CAN LIVE NEAR JOB CENTERS.4.PARTICIPATION - GROWING DIVERSE REPRESENTATION AT THE RELEVANT PRIVATE, PUBLIC AND CIVIC SECTOR "TABLES," WHERE GROWTH STRATEGIES ARE SHAPED AND IMPLEMENTED. 20 19 16 0 0 0 2340336 2263855 906956 1288643 26 2144 1031 36968 3248349 3591610 0 0 0 0 694822 1569689 0 0 2541 2965593 1917997 3660415 3487686 -412066 103924 1100558 615692 1118225 529435 -17667 86257 X THE SOUTHLAND DEVELOPMENT AUTHORITY (SDA) WAS LAUNCHED IN 2019 WITH A MISSION TO COLLABORATIVELY DESIGN AND SUPPORT IMPLEMENTATION OF COMPREHENSIVE, TRANSFORMATIVE, INCLUSIVE ECONOMIC GROWTH IN COOK COUNTY'S SOUTH SUBURBS. SDA SEEKS TO RE-ESTABLISH THE SOUTHLAND AS A MAJOR HUB OF ECONOMIC ACTIVITY, REVITALIZING THE AREA AS A UNIQUE SET OF COMMUNITIES THAT CELEBRATES AND ENGAGES ITS RICH HISTORY AND DIVERSITY. INCLUSIVE ECONOMIC GROWTH HAS BEEN A FOUNDING PRINCIPLE OF THE SDA, INFORMING ALL OF ITS PROGRAMS AND ACTIVITIES WITH A FOCUS ON THE FOLLOWING DIMENSIONS:1.OWNERSHIP - GROWING BUSINESS AND REAL ESTATE OWNERSHIP BY PEOPLE OF COLOR.2.EMPLOYMENT - INCREASING THE EMPLOYMENT OF WORKERS OF COLOR IN QUALITY JOBS WITH STRONG CAREER LADDER.3.LOCATION AND ACCESS - ENSURING DISADVANTAGED POPULATIONS CAN LIVE NEAR JOB CENTERS.4.PARTICIPATION - GROWING DIVERSE REPRESENTATION AT THE RELEVANT PRIVATE, PUBLIC AND CIVIC SECTOR "TABLES," WHERE GROWTH STRATEGIES ARE SHAPED AND IMPLEMENTED. 0 0 1046956 1288643 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. THE BGS PROGRAM HAD PROVIDED OUTREACH TO OVER 10,000 COMPANIES IN THE SOUTHLAND, AND SUPPORTED OVER 500 - WITH 125 PREPARING FOR, RECEIVING, OR HAVING RECEIVED MENTORSHIP. THE PROGRAM SEEKS TO BUILD ON THIS SUCCESS, SPECIFICALLY DEMONSTRATING A GROWTH IN BUSINESS REVENUE AND EMPLOYMENT OVER TIME FOR THE BUSINESSES THAT RECEIVE SDA MENTORSHIP SERVICES. 135665 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. 390957 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. IN ADDITION, IT WILL GUIDE SOUTHLAND MM&E FIRMS TOWARDS INCREASED SPEED, QUALITY, AND RAPID CUSTOMIZATION OF ADVANCED MANUFACTURING. THE FOUNDING CORPORATE PARTNERS OF THE METAL HUB HAVE RECENTLY LAUNCHED THEIR REPORTS TO SOLICIT NEW MANUFACTURING BUSINESS TO THE SOUTHLAND AREA. 917134 917134 2490712 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 26 0 16 0 0 0 0 0 0 0 0 0 0 0 X 20 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IL X BO KEMP 7087226070 17730 OAK PARK AVE SUITE D TINLEY PARK IL 60477 DAVID ABSHIRE VICE PRESIDENT 1.00 X 0 0 0 DAVID AGOSTO DIRECTOR 1.00 X 0 0 0 JEFF ALLEN DIRECTOR 1.00 X 0 0 0 VERNARD ALSBERRY JR DIRECTOR 2.00 X 0 0 0 FRANK M CLARK DIRECTOR 1.00 X 0 0 0 KRISTI DELAURENTIIS DIRECTOR 4.00 X 0 0 0 DAVID DOIG DIRECTOR 1.00 X 0 0 0 FELICIA HARDY DIRECTOR 2.00 X 0 0 0 TIM HILL DIRECTOR 1.00 X 0 0 0 CRAIG HOWARD DIRECTOR 1.00 X 0 0 0 STEVE KOCH DIRECTOR 1.00 X 0 0 0 DR CHERYL GREEN DIRECTOR 1.00 X 0 0 0 RICK REINBOLD DIRECTOR 1.00 X 0 0 0 NANCY WILSON SECRETARY 1.00 X 0 0 0 LYNEIR RICHARDSON TREASURER 3.00 X X 0 0 0 DIANE WILLIAMS CHAIR 4.00 X X 0 0 0 NATHANIEL K SUTTON DIRECTOR 1.00 X 0 0 0 JOHN BO KEMP CEO 40.00 X 243505 0 0 ROBERT WEISSBOURD DIRECTOR 4.00 X 0 0 0 IRENE SHERR DIRECTOR 1.00 X 0 0 0 243505 0 0 1 0 1 0 MITCHELL & TITUS LLP 80 PINE ST STE 3200 NEW YORK NY 10005 AUDIT/TAX SERVICES 121109 JEAN POGGE 122 S ABERDEEN UNIT 3N CHICAGO IL 60607 INTERIM PRESIDENT 110018 NICHOLAS GREIFER 9222 LAWNDALE EVANSTON IL 60203 DIRECTOR MUNI CONSULTING 101075 3 1648355 615500 2263855 SERVICE REVENUE 310000 1288643 1288643 1288643 2144 2144 CONTRIBUTIONS OF NONFI 310000 23732 23732 OTHER INCOME 310000 13236 13236 36968 3591610 1327755 0 0 X 1463458 1177006 286452 106231 80346 25885 35015 35015 121109 121109 1410304 1122457 285312 2535 96362 11112 85250 11360 4543 6811 6 71093 33572 37521 9019 2172 6847 16393 1983 14410 48675 15422 33253 10933 10933 15119 15119 PROFESSIONAL DEVELOPMEN 28092 8554 19538 STIPENDS 21249 21249 BAD DEBT 10471 10471 DUES AND SUBSCRIPTIONS 6415 1825 4590 6388 6388 3487686 2490712 994433 2541 649570 301676 409964 227221 41024 86795 1100558 615692 345399 238010 527566 145667 130349 62115 114911 83643 1118225 529435 X -803377 -507076 785710 593333 -17667 86257 1100558 615692 103924 0 X 0 1 X 1 0 X 1958218 1424100 2375038 2340336 2263855 10361547 1958218 1424100 2375038 2340336 2263855 10361547 0 0 0 10361547 8 26 2144 2178 8 26 2144 2178 1031 36968 37999 1958226 1424100 2375038 2341393 2302967 10401724 0.99610 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 NOTES PAYABLE - NONCURRENT PORTION 83643 83643 X 3591610 0 3591610 0 3591610 3487686 0 3487686 0 3487686 PART X, LINE 2: NO LIABILITIES FROM UNCERTAIN TAX POSITIONS WERE REQUIRED TO BE RECORDED AS OF DECEMBER 31, 2024 AND 2023. 0 0 0 0 0 0 0 0 0 JOHN BO KEMP CEO 243505 0 0 0 0 0 0 0 0 0 243505 0 0 0 RW VENTURES LLC RW VENTURES LLC IS 100% OWNED BY ROBERT WEISSBOURD 84999 RW VENTURES LLC PROVIDED MANAGEMENT AND CONSULTING SERVICES FOR THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 2 LYNEIR RICHARDSON AND ROBERT WEISSBOURD - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND CEO THE REVIEW THE DRAFT FORM 990 PREPARED BY AN CPA FIRM, AND THEN SEND THE RETURN TO THE FINANCE COMMITTEE AND BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS WERE ASKED TO IDENTIFY ANY CONFLICTS OF INTEREST AT THE TIME OF BOARD FORMATION AND THE PROCESS WILL BE REPEATED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,122,457. MANAGEMENT AND GENERAL EXPENSES 285,312. FUNDRAISING EXPENSES 2,535. TOTAL EXPENSES 1,410,304.