Overview
What is Greater Waukegan Development Coalition?
The Greater Waukegan Development Coalition (GWDC) is a nonprofit organization situated in Waukegan, Illinois. Their primary mission is to stimulate economic growth in disadvantaged communities by fostering and supporting local businesses, engaging in transformative real estate development, and facilitating access to capital. This year, they achieved significant milestones such as cultivating new initiatives within their Small Business Support Program, like the Community Contracting and Business Incubator, and recruiting additional staff members, including program specialists and a grant writer to bolster their fundraising efforts. With a workforce of six individuals, GWDC is committed to revitalizing and rejuvenating commercial areas in the greater Chicago region.
Official website here: www.greaterwaukegan.org
What do the Facebook reviews say about Greater Waukegan Development Coalition?
98% of 19 reviewers on Facebook recommend the Greater Waukegan Development Coalition. Here is a summary of their reviews:
Many users express appreciation for the impactful work being carried out by the organization, highlighting its positive contributions to Waukegan and the surrounding Chicago region. Reviewers feel that the coalition plays a significant role in enhancing the community, suggesting a strong alignment between the nonprofit's efforts and the needs of local residents.
Overall, the sentiment towards the Greater Waukegan Development Coalition is overwhelmingly positive, with supporters acknowledging the coalition's commitment to fostering community development and improvement. Such endorsements indicate that the nonprofit effectively delivers on its mission and resonates well with those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Greater Waukegan Development Coalition legitimate?
Greater Waukegan Development Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Waukegan Development Coalition 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: $7,500
Other Salaries and Wages: $103,309
For more financial information, click here
Official website here: www.greaterwaukegan.org
What is the mission statement of Greater Waukegan Development Coalition?
The Greater Waukegan Development Coalition (GWDC) works towards fostering economic development in underdeveloped communities. They achieve this by providing support, incubation, and nurturing to core businesses, pursuing innovative and transformative real estate development, and leveraging foreign direct investment to revitalize and rejuvenate commercial areas within the greater Chicago region. The organization's goal is to strengthen communities by promoting local entrepreneurship and utilizing capital effectively.
Official website here: www.greaterwaukegan.org
Who is the CEO of Greater Waukegan Development Coalition?
Shai Lothan is the President of Greater Waukegan Development Coalition.
Official website here: www.greaterwaukegan.org
What is the revenue of Greater Waukegan Development Coalition?
Greater Waukegan Development Coalition's revenue in 2022 was $267,745.
Official website here: www.greaterwaukegan.org
Who are the executives of Greater Waukegan Development Coalition and what are their salaries?
The average compensation at Greater Waukegan Development Coalition during 2022 was $17,218. There are 6 employees and 25 volunteers at Greater Waukegan Development Coalition.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
Official website here: www.greaterwaukegan.org
Where can I find the form 990 for Greater Waukegan Development Coalition?
Greater Waukegan Development Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterwaukegan.org
Learn more at the official website: www.greaterwaukegan.org
Mission Statement of Greater Waukegan Development Coalition
The Greater Waukegan Development Coalition (GWDC) is an organization dedicated to improving challenged communities by promoting local entrepreneurship, innovative real estate development, and providing access to capital. Their mission is to foster economic growth within these communities by supporting, nurturing, or creating essential businesses. Additionally, GWDC pursues transformative and innovative real estate development projects, aiming to revitalize and rejuvenate commercial areas in the greater Chicago region. Furthermore, they leverage foreign direct investment to bolster these initiatives, contributing to the overall revitalization and re-energization of these communities.
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Impact
October, 2024
The Greater Waukegan Development Coalition has made a significant impact on the local economy and community by focusing on local entrepreneurship, transformative real estate development, and facilitating access to capital. By designing innovative initiatives such as the Community Contracting and Business Incubator programs, GWDC has actively strengthened small businesses and fostered economic growth in Waukegan.
These programs not only support existing businesses but also cultivate new ones, generating employment opportunities and promoting sustainable economic activity. The hiring of additional staff, including those dedicated to small business support and grant writing, has enhanced the organization's capacity to implement these initiatives effectively.
Through its efforts, the Coalition has played a crucial role in revitalizing commercial areas and attracting foreign direct investment. This holistic approach not only nurtures core businesses but also promotes community improvement, contributing to a more vibrant and economically resilient Greater Waukegan region. The commitment to continuous program and organizational development ensures that GWDC can adapt and expand its impact over time, making a lasting difference in the community.
This information is meant to be a general summary of Greater Waukegan Development Coalition. 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 2022.
- Program Service Revenue: $12,850
- Gross Receipts: $277,302
Assets and Liabilities:
- Total Assets: $553,171
- Total Liabilities: $1,588,812
- Net Assets: -$1,035,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Business Incubation Revenue
Revenue
$4,700
SelectChicago Conference Revenue
Revenue
$8,150
Organization Details
Founding Year
2012
Phone
(847) 440-2021Principal Officer
Shai Lothan
Main Address
13 N Genesee St, Waukegan, IL, 60083
Website
www.greaterwaukegan.orgNTEE Category
Code: S30 - Community improvement
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