Overview
What is Southland Development Authority Nfp?
Southland Development Authority Nfp, established in 2019, is a nonprofit organization dedicated to fostering inclusive economic growth in Cook County's South Suburbs. Their mission is to revitalize the area as a vibrant hub of activities, celebrating its rich history and diversity. They focus on four key dimensions: ownership, employment, location and access, and participation, aiming to increase business and real estate ownership by people of color, improve employment opportunities for workers of color, ensure disadvantaged populations live near job centers, and promote diverse representation in relevant sectors. Through their Business Growth Services (BGS) program, they offer targeted support to businesses, reaching over 10,000 companies and assisting more than 500, with 125 preparing for or receiving mentorship, resulting in growth in business revenue and employment over time.
Official website here: www.southlanddevelopment.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Southland Development Authority Nfp has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are several areas requiring improvement. The organization boasts a strong board structure with a majority of independent members and effective oversight measures, such as the absence of material diversion of assets and the presence of an audit committee. However, the overall accountability and finance score of 67% suggests that there are significant concerns regarding financial management and operational transparency.
While the organization demonstrates good practices in areas like conflict of interest policies and the availability of board meeting minutes, it falls short in critical areas such as having a whistleblower policy and document retention protocols. Furthermore, its financial ratios reveal troubling aspects; a high liabilities-to-assets ratio and low program expense ratio point to potential issues in managing funds effectively for its intended programs.
Additionally, the fundraising efficiency ratio reflects a lack of effective fundraising strategies, raising questions about the sustainability of the organization's operations. Overall, while Southland Development Authority Nfp shows strengths in governance, these are overshadowed by weaknesses in financial performance and compliance with recommended policies.
This AI summary has been generated from information found on Charity Navigator.
Is Southland Development Authority Nfp legitimate?
Southland Development Authority Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southland Development Authority Nfp 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: $68,959
For more financial information, click here
Official website here: www.southlanddevelopment.org/
What is the mission statement of Southland Development Authority Nfp?
The Southland Development Authority (SDA), established in 2019, aims to collaboratively design and support the implementation of comprehensive, transformative, and inclusive economic growth in Cook County's south suburbs. Their mission is to revitalize the area, establishing the Southland as a significant hub of economic activity. This revitalization involves celebrating and engaging the region's rich history and diversity.
Inclusive economic growth is a guiding principle for SDA, shaping all their programs and activities. They focus on four key dimensions:
1. Ownership: promoting business and real estate ownership by people of color.
2. Employment: increasing the employment of workers of color in quality jobs with strong career ladders.
3. Location and Access: ensuring disadvantaged populations can live near job centers.
4. Participation: growing diverse representation at relevant private, public, and civic sector tables where growth strategies are shaped and implemented.
By focusing on these areas, the Southland Development Authority aims to re-establish the Southland as a vibrant and inclusive economic hub.
Official website here: www.southlanddevelopment.org/
Who is the CEO of Southland Development Authority Nfp?
Bo Kemp is the Vice President of Southland Development Authority Nfp. The CEO's salary of Southland Development Authority Nfp is $0 and their total compensation is $0.
Official website here: www.southlanddevelopment.org/
What is the revenue of Southland Development Authority Nfp?
Southland Development Authority Nfp's revenue in 2022 was $2,417,391.
Official website here: www.southlanddevelopment.org/
Who are the executives of Southland Development Authority Nfp and what are their salaries?
The average compensation at Southland Development Authority Nfp during 2022 was $11,493. There are 6 employees and 19 volunteers at Southland Development Authority Nfp.
Here are 20 key members and their salaries (Southland Development Authority Nfp's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.southlanddevelopment.org/
Where can I find the form 990 for Southland Development Authority Nfp?
Southland Development Authority Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southlanddevelopment.org/
Learn more at the official website: www.southlanddevelopment.org/
Mission Statement of Southland Development Authority Nfp
The Southland Development Authority Nfp, established in 2019, is committed to collaboratively designing and supporting the implementation of comprehensive, transformative, and inclusive economic growth in Cook County's south suburbs. Their mission is to re-establish the Southland as a significant hub of economic activity, revitalizing it as a unique set of communities that celebrate and engage its rich history and diversity. The organization believes in promoting inclusive economic growth, which serves as the foundation for all its programs and activities. This approach focuses on four key dimensions:
1. Ownership: Southland Development Authority Nfp aims to foster business and real estate ownership among people of color, encouraging growth and empowerment in these communities.
2. Employment: The organization strives to increase employment opportunities for workers of color in quality jobs with strong career ladders, ensuring equitable access to professional advancement.
3. Location and Access: Southland Development Authority Nfp works towards ensuring that disadvantaged populations can reside near job centers, thereby promoting accessibility and convenience.
4. Participation: The organization is dedicated to growing diverse representation at relevant private, public, and civic sector "tables," where growth strategies are shaped and implemented. This active participation encourages a more inclusive and equitable decision-making process.
In summary, Southland Development Authority Nfp is an organization that seeks to revitalize and reposition the Southland as a major hub of economic activity, with a strong focus on promoting inclusive growth and fostering equity in ownership, employment, location, and representation.
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Impact
July, 2024
Southland Development Authority Nfp's impact can be seen in its efforts to drive comprehensive, transformative, and inclusive economic growth in Cook County's South Suburbs. By focusing on dimensions like ownership, employment, location, and participation, the organization aims to re-establish the Southland as a thriving economic hub while celebrating its rich history and diversity.
Through programs like the Business Growth Services (BGS) program, which offers targeted support to businesses through mentorship and technical assistance, the SDA has reached out to over 10,000 companies in the Southland area. With over 500 businesses supported and 125 either receiving or preparing for mentorship, the SDA is actively working towards increasing business revenue and employment opportunities for the local community.
Overall, the SDA's commitment to inclusive economic growth and community improvement is making a tangible impact by empowering businesses, promoting diversity, and revitalizing the South Suburbs as a vibrant and prosperous region.
This information is meant to be a general summary of Southland Development Authority Nfp. 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.
- Investment Income: $55
- Gross Receipts: $2,417,391
Assets and Liabilities:
- Total Assets: $1,221,365
- Total Liabilities: $1,220,724
- Net Assets: $641
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Organization Details
Founding Year
2019
Phone
(708) 722-6070Principal Officer
Bo Kemp
Main Address
17730 OAK PARK AVE NO D, TINLEY PARK, IL, 60477
NTEE Category
Code: S31 - Community improvement
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