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Nonprofiteer
← CHICAGO SOUTHWEST DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by CHICAGO SOUTHWEST DEVELOPMENT CORPORATION.

Totals

Total revenue
$28,565
Total expenses
$9,493,120
Contributions and grants received
$28,565
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$23,160,645
Total liabilities, end of year
$52,608,855
Net assets or fund balances, end of year
-$29,448,210
Program services expenses (Part IX)
$0
Management and general expenses
$9,493,120
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dorval R Carter Jr

    Vice Chairman (through 7/2023); Chairman (as of 8/2023)

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Guy A Medaglia

    President & CEO

    Total calculated
    $1,222,814
    From this org
    $0
    From related orgs
    $772,731
    Other
    $450,083
    Hours/week
    20 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $651,138 related
    Bonus
    $0
    Other
    $0 + $121,593 related
    Deferred
    $0 + $436,330 related
    Nontaxable benefits
    $0 + $13,753 related
    Filer's total
    $0 + $1,222,814 related

  • Peter V Fazio Jr

    Chairman (through 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Josette Winograd

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bob Enkema

    CFO (through 3/2024)

    Total calculated
    $665,169
    From this org
    $0
    From related orgs
    $665,169
    Other
    $0
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $665,169 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $665,169 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION OF THE ORGANIZATION'S PRESIDENT & CEO IS SET BY SAINT ANTHONY HOSPITAL (SAH), A RELATED ORGANIZATION. ALL ANNUAL SALARY INCREASES ARE REVIEWED AND APPROVED BY SAH'S PRESIDENT COMPENSATION SUB-COMMITTEE AND DOCUMENTED IN MINUTES PREPARED FOR EACH MEETING. ALSO, AN INDEPENDENT MARKET SURVEY WAS CONDUCTED IN AUGUST 2021 TO ENSURE THAT THE SALARIES OF THE CEO AND OTHER OFFICERS WERE WITHIN STANDARD MARKET RANGE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUAL PARTICIPATES IN A 457(F) PLAN AND RECEIVED AMOUNTS DEFERRED BY SAINT ANTHONY DURING 2023: GUY A. MEDAGLIA - $427,180

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349314723

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