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Nonprofiteer
← GREATER ROCK DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by GREATER ROCK DEVELOPMENT CORPORATION.

Totals

Total revenue
$343,867
Total expenses
$246,337
Contributions and grants received
$343,867
Grants paid
$42,600
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$238,352
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$238,352
Program services expenses (Part IX)
$246,337
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$355,561

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $343,867

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $42,600 · program services $42,600

  • 7 · Other salaries and wages

    total $148,133 · program services $148,133

  • 10 · Payroll taxes

    total $27,860 · program services $27,860

  • 16 · Occupancy

    total $9,000 · program services $9,000

  • 24a · Other expenses: SUPPLIES

    total $18,744 · program services $18,744

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $84,691 · end of year $5,901

  • 10a · Land, buildings and equipment: cost or other basis

    $174,109

  • 10c · Land, buildings and equipment, net

    end of year $174,109

  • 13 · Investments: program-related

    end of year $58,342

  • 19 · Deferred revenue

    beginning of year $15,024

  • 24 · Unsecured notes and loans payable

    beginning of year $11,510

  • 31 · Retained earnings, endowment or other funds

    beginning of year $58,157 · end of year $238,352

Mission and programs · 2023

Mission

OUR MISSION IS TO EMPOWER CHICAGO COMMUNITIES SOCIALLY, ECONOMICALLY AND CULTURALLY. OUR VISION IS TO TRANSFORM VIOLENT CHICAGO COMMUNITIES ONE BLOCK AT A TIME

Activities or mission (Part I)

OUR MISSION IS TO EMPOWER CHICAGO COMMUNITIES SOCIALLY, ECONOMICALLY AND CULTURALLY. OUR VISION IS TO TRANSFORM VIOLENT CHICAGO COMMUNITIES ONE BLOCK AT A TIME.

  • OUR MISSION IS TO EMPOWER CHICAGO COMMUNITIES SOCIALLY, ECONOMICALLY AND CULTURALLY. OUR VISION IS TO TRANSFORM VIOLENT CHICAGO COMMUNITIES ONE BLOCK AT A TIME.

    Expenses $355,561

As filed on the 2023 return.

Listed in Part VII

  • James Floyd Sr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 9 · Followed the rebuttable-presumption procedure

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.

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2025
IRS schema version
2023v6.0
Source object
202532969349301728

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