EIN 27-1832686

Chicago Neighborhood Initiatives

Name: Chicago Neighborhood Initiatives financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Chicago

State

Illinois

Year formed

2010

Most recent tax filings

2023-06-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Chicago Neighborhood Initiatives generates economic development and combats community deterioration in low-income communities. The organization functions as a developer of large retail and industrial sites in economically distressed neighborhoods in Chicago to provide employment opportunities and access to fresh foods. Additionally, CNI manages the new market tax credits for a subsidiary that promotes private investment in projects within economically distressed neighborhoods throughout the city.

Total revenues

$3,776,635

2023

Total expenses

$4,577,556

2023

Total assets

$26,603,069

2023

Num. employees

2023

Program areas at Chicago Neighborhood Initiatives

Real estate development: developer of large retail and industrial sites, and affordable housing in economically distressed neighborhoods in Chicago in order to bring much needed jobs and housing to communities.

New market tax credits: manages the nmtc to encourage private investment in projects in economically distressed neighborhoods throughout Chicago.

Who funds Chicago Neighborhood Initiatives

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Elizabeth Morse Charitable Trust XXXXX1008	2023-12	Support To Reclaiming	$100,000
Choose Chicago Foundation	2023-12	Grant To Help Beautify Outdoor Space for the General Public	$85,000
World Business Chicago	2023-12	CCT Invest Southwest Design Grant	$75,000
...and 1 more grant received

Personnel at Chicago Neighborhood Initiatives

Name	Title	Compensation	Date of data
David Doig	President	$284,731	2024-11-18
Jenn Bransfield	Chief Operating Officer and General Counsel		2024-11-18
Annette Washington	Vice President of Finance	$156,516	2024-11-18
Terrence Johnson	Executive Director , Greenwood Archer Capital		2024-11-18
Kimberly B. Morris	Director of Real Estate and Community Development	$110,729	2024-11-18
...and 6 more key personnel

Financials for Chicago Neighborhood Initiatives

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$2,225,872	$4,058,896	-45.2%
Program services	$1,342,416	$683,129	96.5%
Investment income and dividends	$55,183	$50,260	9.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$-225,377	$-143,394	-57.2%
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$-188,133	$-38,408	-389.8%
Miscellaneous revenues	$566,674	$1,475,548	-61.6%
Total revenues	$3,776,635	$6,086,031	-37.9%

Form 990s for Chicago Neighborhood Initiatives

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-02-29	990	View PDF
2022-06	2023-02-23	990	View PDF
2021-06	2021-12-22	990	View PDF
2020-06	2021-04-13	990	View PDF
2019-06	2020-10-08	990	View PDF
...and 9 more Form 990s

Organizations like Chicago Neighborhood Initiatives

Organization	Type	Location	Revenue
Memphis Medical District Collaborative	501(c)(3)	Memphis, TN	$2,975,790
Hyattsville Community Development Corporation	501(c)(3)	Hyattsville, MD	$2,886,798
Central Baltimore Partnership	501(c)(3)	Baltimore, MD	$3,232,830
West Central Indiana Economic Development District	501(c)(3)	Terre Haute, IN	$6,908,983
Philadelphia Chinatown Development Corporation (PCDC)	501(c)(3)	Philadelphia, PA	$2,537,285
Neighborhood Community Development Fund	501(c)(3)	Pittsburgh, PA	$5,194,321
Fulton County Center for Regional Growth	501(c)(3)	Gloversville, NY	$1,024,196
Greater Baybrook Alliance	501(c)(3)	Baltimore, MD	$2,856,291
Quaboag Valley Community Development Corporation	501(c)(3)	Ware, MA	$1,164,424
Neighborhood Development Center	501(c)(3)	Saint Paul, MN	$10,163,231

Data update history

December 29, 2024

Received grants

Identified 1 new grant, including a grant for $100,000 from Elizabeth Morse Charitable Trust XXXXX1008

November 18, 2024

Updated personnel

Identified 3 new personnel

May 26, 2024

Posted financials

Added Form 990 for fiscal year 2023

May 21, 2024

Updated personnel

Identified 1 new personnel

January 3, 2024

Received grants

Identified 4 new grant, including a grant for $1,100,000 from The Chicago Community Trust

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities

Issues

Community improvementEconomic development

Characteristics

Operates donor advised fundsState / local levelReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 1000 E 111th St - 10th Floor; Chicago, IL 60628
Metro area: Chicago-Naperville-Elgin, IL-IN-WI
County: Cook County, IL
Website URL: cnigroup.org/
Phone: (773) 341-2067
Facebook page: chicago-neighborhood-initiatives

IRS details

EIN: 27-1832686
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 2010
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Central organization

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Chicago Neighborhood Initiatives

Program areas at Chicago Neighborhood Initiatives

Who funds Chicago Neighborhood Initiatives

Personnel at Chicago Neighborhood Initiatives

Financials for Chicago Neighborhood Initiatives

Form 990s for Chicago Neighborhood Initiatives

Organizations like Chicago Neighborhood Initiatives

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