Northwest Side CDC

Analysis

Northwest Side CDC is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northwest Side CDC reported income of $1.1m and spending of $1.0m, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $234k to $1.1m (+388%), an average of +70% a year. The sharpest change came in the year to December 2021, when income rose by 384%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Side CDC sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Saucony Cross Inc ($1.1m), Kingston City Land Bank ($1.1m) and Rebuilding Together South Sound ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $380k. At year end it held assets of $1.6m against liabilities of $391k, net assets of $1.2m. It reported 5 employees.