Eighteenth Street Development Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 362899333 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Eighteenth Street Development Corp?

Eighteenth Street Development Corp, based in Chicago, Illinois, serves as a commercial support organization. Its primary role involves assisting local businesses in addressing zoning, licensing, and other issues that require interaction with local and city government agencies. The corporation collaborates with various public and private entities to plan and execute improvement projects in the City of Chicago and Cook County, ensuring neighborhood needs are met. To promote area businesses, Eighteenth Street Development Corp publishes an annual business directory and organizes events such as Mole de Mayo in May and Buen Provecho Pilsen in September. Additionally, the Local Industrial Retention Initiative (LIRI) helps over 200 businesses in Pilsen's industrial corridor grow and create job opportunities within the community. The organization's mission is to support the commercial development and expansion of local businesses in the area.


Official website here: www.eighteenthstreet.org

Is Eighteenth Street Development Corp legitimate?

Eighteenth Street Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eighteenth Street Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $248,847

For more financial information, click here


Official website here: www.eighteenthstreet.org

What is the mission statement of Eighteenth Street Development Corp?

The Eighteenth Street Development Corp, through its Commercial Support Services (CSS), aims to assist local businesses in resolving various issues that require engagement with government offices. This includes zoning, licensing, and other matters. The corporation works closely with public and private officials to plan and execute improvement projects, ensuring neighborhood needs are addressed.

To promote business growth, ESDC produces an annual business directory and hosts events like Mole de Mayo in May and Buen Provecho Pilsen in September. The corporation's Local Industrial Retention Initiative (LIRI) assists over 200 businesses in the industrial corridor, helping to expand employment opportunities and foster the growth and development of industrial businesses. The Pilsen Industrial Corridor (PMD 11), covered by ESDC, spans 907 square acres.


Official website here: www.eighteenthstreet.org

Who is the CEO of Eighteenth Street Development Corp?

Ruben Saavedra is the Board Chair of Eighteenth Street Development Corp.


Official website here: www.eighteenthstreet.org

What is the revenue of Eighteenth Street Development Corp?

Eighteenth Street Development Corp's revenue in 2020 was $324,957.


Official website here: www.eighteenthstreet.org

Who are the executives of Eighteenth Street Development Corp and what are their salaries?

The average compensation at Eighteenth Street Development Corp during 2020 was $35,550. There are 7 employees at Eighteenth Street Development Corp.


Here are 7 key members and their salaries:


Marcelo Garza (Director/Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamil Muhammad (Director/ Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Eliza Ochoa (Director/Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rafael Diaz (Vice - Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Doubleday (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zach Nagle (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruben Saavedra (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.eighteenthstreet.org

Where can I find the form 990 for Eighteenth Street Development Corp?

Eighteenth Street Development Corp's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.eighteenthstreet.org

Learn more at the official website: www.eighteenthstreet.org

Mission Statement of Eighteenth Street Development Corp

Eighteenth Street Development Corp, or ESDC, is a nonprofit organization that primarily focuses on commercial support services. Its mission is to assist local businesses in resolving various issues that require interaction with government offices. This includes zoning, licensing, and other matters. ESDC works collaboratively with public and private officials to plan the location and scope of improvement projects in the City of Chicago and Cook County, ensuring that neighborhood needs are addressed.

In addition to its government liaison role, ESDC promotes area businesses by publishing an annual business directory and organizing events throughout the year. Notable events include Mole de Mayo in May and Buen Provecho Pilsen in September. Furthermore, ESDC's Industrial Development Division, through its Local Industrial Retention Initiative (LIRI), works with over 200 hundred small, medium, and large-scale businesses in Pilsen's Industrial Corridor (PMD 11), covering 907 square acres. The aim is to support the growth and development of these industrial businesses, thereby expanding employment opportunities within the community.

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Impact




October, 2024

Eighteenth Street Development Corporation (ESDC) significantly impacts the community by providing essential support for local businesses. Through its Commercial Support Services, ESDC helps businesses navigate complex zoning and licensing issues, facilitating their interactions with local and city government offices. This support enables businesses to operate more effectively and helps to address the unique needs of the neighborhood.

Additionally, ESDC collaborates with various public and private officials to plan and implement improvement projects within the City of Chicago and Cook County, ensuring that community needs are prioritized in development efforts. The organization also promotes local commerce by publishing an annual business directory and hosting popular community events, such as Mole de Mayo and Buen Provecho Pilsen, which help to enhance community engagement and visibility for local businesses.

The Local Industrial Retention Initiative demonstrates ESDC's commitment to fostering economic growth by assisting over 200 businesses in Pilsen's industrial corridor. This initiative not only aids in the expansion of these businesses but also contributes to increasing employment opportunities within the community. Overall, ESDC plays a crucial role in strengthening the economic landscape and enhancing the quality of life in Pilsen, fostering a vibrant, interconnected community.




This information is meant to be a general summary of Eighteenth Street Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$324,957 (2020)
Expenses
$457,167 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Gross Receipts: $454,960

Assets and Liabilities:

  • Total Assets: $13,513
  • Total Liabilities: $180,686
  • Net Assets: -$167,173

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Organization Details

Founding Year

2000

Principal Officer

Ruben Saavedra

Main Address

1843 S CARPENTER, CHICAGO, IL, 60608

NTEE Category

Code: S31 - Community improvement

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