Form 990 for tax year 2024
Filed by FAR SOUTH CDC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2024 , filed 16 December 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $5,082,779 changed to $4,803,263
- Total expenses
- $4,508,395 changed to $3,236,035
- Contributions and grants received
- $4,789,898 changed to $4,510,382
- Total liabilities, end of year
- $5,101,485 changed to $5,101,566
- Net assets or fund balances, end of year
- $4,147,306 changed to $4,147,225
- Program services expenses
- $3,597,820 changed to $2,325,460
- Program service expenses (Part III)
- $3,597,820 changed to $2,325,460
Totals
- Total revenue
- $5,082,779
- Total expenses
- $4,508,395
- Contributions and grants received
- $4,789,898
- Grants paid
- $0
- Program service revenue
- $273,785
- Investment income
- $0
- Other revenue
- $19,096
- Total assets, end of year
- $9,248,791
- Total liabilities, end of year
- $5,101,485
- Net assets or fund balances, end of year
- $4,147,306
- Program services expenses (Part IX)
- $3,597,820
- Management and general expenses
- $866,987
- Fundraising expenses
- $43,588
- Program service expenses (Part III)
- $3,597,820
Program services were 79.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
ABRAHAM LACY
Executive Dir.
- Total calculated
- $147,500
- From this org
- $147,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
NIKIESHA EMERY
COO
- Total calculated
- $120,000
- From this org
- $120,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
CHESTER BELL JR
Director
- Total calculated
- $0
- Hours/week
- 2
-
REV LEONARDO GILBERT
Director
- Total calculated
- $0
- Hours/week
- 2
-
MELVIN THOMPSON
Director
- Total calculated
- $0
- Hours/week
- 2
-
MAGGIE CATANIA
Director
- Total calculated
- $0
- Hours/week
- 2
-
KAREEM MUSAWWIR
Director
- Total calculated
- $0
- Hours/week
- 2
-
YOLANDA RICHARDS-ALBERT
Chairman
- Total calculated
- $0
- Hours/week
- 10
-
DENNIS O'MALLEY
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
JOHN CHENIER
Secretary
- Total calculated
- $0
- Hours/week
- 5
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.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · REAL ESTATE MANAGEMENT · IL · 100% owned · share of assets $78,872
Directly controlled by FAR SOUTH CDC
-
MAPLE PARK HOUSING REDEVELOPMENT LLC
C · REAL ESTATE DEVELOPMENT · IL · 100% owned · share of assets $1
Directly controlled by FAR SOUTH CDC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349307464
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