Overview
What is Greater Northwest Chicago Development Corp?
Greater Northwest Chicago Development Corp is a nonprofit organization that supports small businesses in the local area. Their primary focus is to aid in employee hiring and retention, promote business growth, and assist in securing grants and incentive programs for infrastructure improvements. These initiatives are designed to enhance employee training and fund necessary upgrades within the small business community. The organization receives funding from the City of Chicago, which they utilize to cover expenses associated with providing these services. This collective effort contributes to maintaining employment levels and fostering business growth within the community, ultimately bolstering the local economy.
Official website here: www.gncdc.org
Is Greater Northwest Chicago Development Corp legitimate?
Greater Northwest Chicago Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Northwest Chicago Development Corp submitted a form 990EZ, 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.
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Official website here: www.gncdc.org
What is the mission statement of Greater Northwest Chicago Development Corp?
The Greater Northwest Chicago Development Corporation's mission is to assist small businesses in the region by facilitating the hiring and retention of employees, fostering business growth, and helping them secure grants and incentive programs for employee training and infrastructure improvements. This organization primarily operates in the local area and receives funding from the City of Chicago. The primary role of GNCDC is to reimburse its expenses in providing support services to small businesses, thereby aiding them in maintaining employment levels and expanding their businesses. This, in turn, contributes positively to the local economy.
Official website here: www.gncdc.org
What is the revenue of Greater Northwest Chicago Development Corp?
Greater Northwest Chicago Development Corp's revenue in 2023 was $122,109.
Official website here: www.gncdc.org
Who are the executives of Greater Northwest Chicago Development Corp and what are their salaries?
Here are 5 key members and their salaries:
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- Compensation: $64,100
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Official website here: www.gncdc.org
Where can I find the form 990EZ for Greater Northwest Chicago Development Corp?
Greater Northwest Chicago Development Corp's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.gncdc.org
Learn more at the official website: www.gncdc.org
Mission Statement of Greater Northwest Chicago Development Corp
Greater Northwest Chicago Development Corp is an organization committed to assisting small businesses in their local area. Its mission is to aid these businesses in hiring and retaining employees, fostering their growth, and pursuing grant opportunities and incentive programs. The corporation's primary goal is to help these businesses improve their employee training and fund infrastructure improvements, ultimately contributing to the betterment of the local economy by maintaining employment levels and encouraging business growth. The Greater Northwest Chicago Development Corp receives financial support from the City of Chicago, which it utilizes to cover the expenses associated with providing these services to the local small business community.
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Impact
October, 2024
Greater Northwest Chicago Development Corporation plays a pivotal role in bolstering the local economy by empowering small businesses. Its initiatives focus on helping these businesses hire and retain employees, which is essential for maintaining job stability and growth within the community. By facilitating access to grants and incentive programs, the organization enables small businesses to enhance their employee training and improve infrastructure, thereby fostering a more productive workforce and stimulating economic development.
Through its partnerships and grant funding from the City of Chicago, Greater Northwest Chicago Development Corporation effectively provides crucial support services tailored to the unique needs of small businesses. This assistance not only aids in retaining employment levels but also promotes business growth, which collectively contributes to a more vibrant and resilient local economy. Ultimately, the organization's efforts lead to improved community well-being and sustained economic progress in the Greater Northwest Chicago area.
This information is meant to be a general summary of Greater Northwest Chicago 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $122,109
Assets and Liabilities:
- Total Assets: $84,063
- Total Liabilities: $427
- Net Assets: $83,636
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Organization Details
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