Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 1,390,680 | 3,815,884 | 528,110 | 419,989 | 578,728 | 6,733,391 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 1,390,680 | 3,815,884 | 528,110 | 419,989 | 578,728 | 6,733,391 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 6,733,391 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 1,390,680 | 3,815,884 | 528,110 | 419,989 | 578,728 | 6,733,391 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 46,330 | 33,684 | 43,443 | 44,459 | 167,916 | |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 6,901,307 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | 17005317 |
| Software Version: | 18.2.0.0 |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 1 | - ORAGNIZATION MISSION THE GREATER SOUTHWEST DEVELOPMENT CORPORATION IS THE CATALYST FOR CREATING AND MAINTAINING A VITAL GREATER SOUTHWEST CHICAGO COMMUNITY. EMPOWERING, BUILDING, AND SUSTAINING DEVELOPMENT RAISES THE QUALITY OF LIFE FOR OUR NEIGHBORHOOD RESIDENTS, BUSINESSES AND INDUSTRIES. |
| Form 990, Part III, Line 4d | - OTHER PROGRAM SERVICES DESCRIPTION INDUSTRIAL RESOURCES - RECOGNIZING THAT STRENGTHENING INDUSTRY CREATES A VITAL COMMUNITY. GSDC LAUNCHED ITS INDUSTRIAL DIVISION IN 1995. DESIGNATED AS A LOCAL INDUSTRIAL RETENTION INITIATIVE LIRI AGENCY BY THE CITY OF CHICAGO, THE INDUSTRIAL DIVISION RESPONDS TO INDUSTRIAL BUSINESS NEEDS AND AREA-WIDE CONCERNS. AS AN LIRI AGENCY, THEIR OPERATIONAL COSTS ARE COVERED BY SPECIALLY EARMARKED TAX REVENUE. THIS GIVES THEM THE ABILITY TO PROVIDE HIGH QUALITY SERVICES AT NO COST TO INDUSTRIAL BUSINESS OWNERS, INCULDING ONE-ON-ONE CONSULTING FOR STRATEGIC BUSINESS PLANNING THAT TAKES ADVANTAGE OF GROWTH OPPORTUNITIES TECHNICAL ASSISTANCE THAT ASSESSES BUSINESS NEEDS AND PROVIDES THE RIGHT TOOLS FOR SUCCEEDING IN A DYNAMIC ENVIRONMENT BUSINESS WORKSHOPS THAT FOCUS ON INDUSTRY REGULATIONS AND OTHER RELEVANT TOPICS STREAMLINED ACCESS TO LOW-COST INDUSTRIAL FINANCING, BOND PROGRAMS AND GRANTS AND RESOURCES AND INFORMATION FROM A RELIABLE SOURCE THAT STAYS CURRENT WITH INDUSTRY TRENDS. SMALL BUSINESS IMPROVEMENT FUND SBIF - SBIF GRANTS PROVIDE FINANCIAL ASSISTANCE TO OWNERS OR TENANTS WHO REPAIR OR IMPROVE THEIR BUSINESS PROPERTIES LOCATED IN A TAX INCREMENT FINANCING TIF DISTRICT. GRANTS ARE AVAILABLE FOR UP TO 150,000 TO COVER 25, 50, OR EVEN 75 OF THE TOTAL COST OF WORK. ELIGIBLE EXPENSES INCLUDE THE REHABILITITATION, REMODELING OR RENOVATION OF ITEMS, SUCH AS WINDOWS, FLOORS OR ROOF SIGN OR AWNING HVAC AND OTHERR MECHANICAL SYSTEMS ACCESSABILITY IMPROVEMENTS BEAUTIFICATION EFFORTS PAVING OF PARKING FACILITIES PURCHASE OF ADJACENT PROPERTY FOR BUILDING EXPANSION OR PARKING. SBIF ELIGIBILITY REQUIREMENTS INCLUDE COMMERCIAL, WHERE ANNUAL GROSS SALES AVERAGE UNDER 3 MILLION FOR THE PRIOR THREE YEARS INDUSTRIAL, WHERE 100 OR FEWER FULL-TIME EQUIVALENT EMPLOYEES PROPERTY OWNERS WITH A MAXIMUM NET WORTH OF 6 MILLION EXCLUDING INDUSTRIAL OWNERS AND VACANT PROPERTY DEVELOPMENT. BUSINESS WORKSHOPS - THE BUSINESS WORKSHOPS ARE ABLE TO FIT BUSY SCHEDULES AND FOCUS ON TOPICS RELEVANT TO OPERATING A BUSINESS IN TODAYS CHALLENGING ENVIRONMENT, SUCH AS BUSINESS PLAN WRITING BUSINESS CREDIT AND FINANCING EFFECTIVE ONLINE AND PRINT MARKETING STRATEGIES FINACICAL AND TAX REPORTING AND CITY OF CHICAGO PERMITS, LICENSING AND ZONING. BOTH THE SSA AND CSS SERVICES INCLUDE BUSINESS TECHNICAL ASSISTANCE THAT HELPS LAUNCH NEW BUSINESSES AND SUPPORTS THE GROWTH OF EXISTING BUSINESSES. BUSINESS TECHNICAL ASSISTANCE INCLUDES 1. BUSINESS ASSESSMENT - A SKILLED PROFESSIONAL TEAM THAT WILL WORK WITH YOU TO EXPLORE BUSINESS POTENTIAL, ASSESS MARKET DYNAMICS, REVIEW AND ANALYZE YOUR BUSINESS PLAN CONCEPTS 2. CONNCECTIONG OWNERS WITH PROPERTIES - WHETHER OPENING A NEW BUSINESS OR SIMPLY MOVING YOUR BUSINESS TO A NEW LOCATION, OUR DATABASE OF BUILDINGS FOR SALE AND RENT INSUDE THE 63RD STREET DISTRICTS HELPS YOU SELECT A SITE THAT SUITS YOUR NEEDS. 3 CONSULTING AND STRATEGY DEVELOPMENT - TAKE ADVANTAGE OF OUR EXPERIENCE WITH LOCAL BUSINESS MARKET AND GLOBAL MARKET TRENDS THROUGH INDIVIDUALIZED SUPPORT WITH DEVELOPING COST-EFFECTIVE ONLINE AND PRINT MEDIA MARKETING ENHANCING SALES CYCLE METHODS AND IDENTIFYING NEEDS AND ACCESSING FLEXIBLE FINANCING AND GRANTS. 4. TECHNOLOGY LAB - OUR TECHNOLOGY LAB, COMBINED WITH OUR BUSINESS WORKSHOPS, HELPS BUSINESS OWNERS TO BUILD TECHNOLOGY SKILLS, SUCH AS USING BUSINESS SOFTWARE, ACCOUNTING SOFTWARE AND DATABASES EFFECTIVELY USING ONLINE BANKING AND E-COMMERCE TOOLS ACCEPTING PAYMENTS SECURLY ONLINE AND DEVELOPING A WEBSITE AND SOCIAL MEDIA ENGAGEMENT STRATEGY. SENIOR HOUSING - FOR OVER 20 YEARS, GSDC HAS SUCCESSFULLY PROVIDED HIGH QUALITY RENTAL OPPORTUNITIES FOR INCOME-QUALIFIED SENIORS AT TWO SEPARATE LOCATIONS IN THE CHICAGO LAWN COMMUNITY AT CHURCHVIEW AND LAWN TERRACE APARTMENTS. CHURCHVIEW APARTMENTS IS ALSO HOME TO A SUPPORTIVE LIVING FACILITY. WITH CLOSE TO 250 AFFORDABLE APARTMENTS AND A WAITING LIST AT BOTH BUILDINGS, GSDC OVERSEES THE PROPERTY MANAGEMENT OF ALL THREE FACILITIES. FOR THOSE SENIORS WHO STILL WISH TO LIVE AN ACTIVE AND URBAN LIFESTYLE, CHURCHVIEW AND LAWN TERRACE INDEPENDENT LIVING APARTMENTS ARE IDEAL. PETS ARE ALLOWED AND RESIDENTS CAN LOOK FORWARD TO WEEKLY AND MONTHLY ACTIVITIES, INCLUDING BINGO, EXERCISE GROUPS, BIBLE STUDY, MOVIE DAYS, BIRTHDAY PARTIES, HOLIDAY CELEBRATIONS, AND MORE. PLEASE NOTE THAT THESE SENIOR APARTMENTS ARE AVAILABLE ONLY FOR PERSONS 62 AND OLDER. AMENITIES INCLUDE HEAT, WATER, GAS, KEYCARD DOOR ENTRY SYSTEM, INDIVIDUAL CLIMATE CONTROLLED UNITS, FULL BATHROOMS WITH HANDRAILS, ELEVATOR AND WHEEL CHAIR ACCESS, SEPARATE STORAGE SPACE, FREE PARKING AND LAUNDRY FACILITIES. ONE-BEDROOM, TWO-BEDROOM, AND STUDIO UNITS ARE AVAILABLE. |
| Form 990, Part VI, Line 4 | -SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS PREPARED UPDATED BYLAWS. |
| Form 990, Part VI, Line 11B | - FORM 990 REVIEW PROCESS MEMBERS OF MANAGEMENT AND THE BOARD OF DIRECTORS REVIEW AND APPROVE FORM 990, WHILE DOCUMENTING SUCH APPROVAL IN THE MINUTES PRIOR TO FILING. |
| Form 990, Part VI, Line 12C | - EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ANNUAL REPORTING TO THE ORGANIZATION BY OFFICERS AND DIRECTORS. |
| Form 990, Part VI, Line 15A | - COMPENSATION REVIEW APPROVAL PROCESS - CEO TOP MANAGEMENT THE BOARD OF DIRECTORS APPROVES COMPENSATION OF THE CHEIF EXECUTIVE OFFICER AND THE CHEIF OPERATING OFFICER. |
| Form 990, Part VI, Line 19 | - OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE ORGANIZATIONS DOCUMENTS ARE MADE AVAILABLE UPON REQUEST OF INTERESTED PARTIES. |
| Software ID: | 17005317 |
| Software Version: | 18.2.0.0 |