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← COMMUNITY AND ECONOMIC DEVELOPMENT ASSOCIATION OF COOK COUNTY INC

Form 990 for tax year 2024

Filed by COMMUNITY AND ECONOMIC DEVELOPMENT ASSOCIATION OF COOK COUNTY INC.

Totals

Total revenue
$168,111,516
Total expenses
$166,963,509
Contributions and grants received
$165,455,332
Grants paid
$105,214,197
Program service revenue
$2,092,555
Investment income
$471,786
Other revenue
$91,843
Total assets, end of year
$45,191,509
Total liabilities, end of year
$25,330,443
Net assets or fund balances, end of year
$19,861,066
Program services expenses (Part IX)
$161,056,595
Management and general expenses
$5,906,914
Fundraising expenses
$0
Program service expenses (Part III)
$161,056,595

Program services were 96.5% 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)

    $155,519,708

  • 1f · All other contributions, gifts and grants

    $9,935,624

  • 2a · Program service revenue: ENERGY CONSERVATION

    total $1,598,216 · related or exempt $1,598,216

  • 2b · Program service revenue: ENERGY SERVICES

    total $463,036 · related or exempt $463,036

  • 2c · Program service revenue: MORTGAGE COUNSELING

    total $31,303 · related or exempt $31,303

  • 3 · Investment income

    total $332,455 · excluded $332,455

  • 6a · Gross rents

    real property $24,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $24,000

  • 6d · Net rental income or loss

    total $24,000 · excluded $24,000

  • 7a · Gross sales of assets other than inventory

    other assets $139,331

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $139,331

  • 7d · Net gain or loss

    total $139,331 · excluded $139,331

  • 11d · All other revenue

    total $67,843 · excluded $67,843

  • 11e · Other revenue, total

    $67,843

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $105,214,197 · program services $105,214,197

  • 5 · Compensation of officers, directors and key employees

    total $963,326 · management and general $963,326

  • 7 · Other salaries and wages

    total $24,644,248 · program services $21,995,752 · management and general $2,648,496

  • 8 · Pension plan contributions

    total $403,722 · program services $354,257 · management and general $49,465

  • 9 · Other employee benefits

    total $4,020,919 · program services $3,662,230 · management and general $358,689

  • 10 · Payroll taxes

    total $1,992,847 · program services $1,741,043 · management and general $251,804

  • 11b · Fees: legal

    total $271,537 · management and general $271,537

  • 11c · Fees: accounting

    total $200,381 · program services $106,351 · management and general $94,030

  • 11g · Fees: other

    total $15,274,222 · program services $14,885,457 · management and general $388,765

  • 12 · Advertising and promotion

    total $689,523 · program services $689,223 · management and general $300

  • 13 · Office expenses

    total $952,591 · program services $849,729 · management and general $102,862

  • 16 · Occupancy

    total $2,396,197 · program services $2,229,379 · management and general $166,818

  • 17 · Travel

    total $524,748 · program services $477,830 · management and general $46,918

  • 22 · Depreciation, depletion and amortization

    total $1,093,166 · program services $985,696 · management and general $107,470

  • 23 · Insurance

    total $449,671 · program services $407,531 · management and general $42,140

  • 24a · Other expenses: SUPPLIES - DIRECT PROGR

    total $6,139,194 · program services $6,120,736 · management and general $18,458

  • 24b · Other expenses: EQUIPMENT & EQUIP RENTA

    total $552,107 · program services $509,920 · management and general $42,187

  • 24c · Other expenses: STAFF PROFESSIONAL DEVE

    total $482,343 · program services $386,275 · management and general $96,068

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $347,658 · program services $258,425 · management and general $89,233

  • 24e · All other expenses

    total $350,912 · program services $182,564 · management and general $168,348

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,880,407 · end of year $15,928,802

  • 3 · Pledges and grants receivable

    beginning of year $22,114,645 · end of year $12,748,293

  • 4 · Accounts receivable

    beginning of year $87,969 · end of year $88,366

  • 9 · Prepaid expenses and deferred charges

    beginning of year $656,448 · end of year $818,677

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

    $10,879,680

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,595,145

  • 10c · Land, buildings and equipment, net

    beginning of year $4,770,720 · end of year $4,284,535

  • 15 · Other assets

    beginning of year $11,924,354 · end of year $11,322,836

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,103,054 · end of year $10,474,053

  • 19 · Deferred revenue

    beginning of year $3,963,768 · end of year $3,494,026

  • 24 · Unsecured notes and loans payable

    beginning of year $190,000 · end of year $190,000

  • 25 · Other liabilities

    beginning of year $12,464,662 · end of year $11,172,364

  • 27 · Net assets without donor restrictions

    beginning of year $18,713,059 · end of year $19,861,066

Mission and programs · 2024

Mission

CEDA IS A COUNTY-WIDE COMMUNITY DEVELOPMENT AGENCY THAT PROVIDES ECONOMIC DEVELOPMENT AND HUMAN SERVICES THAT ADDRESS THE NEEDS OF SUBURBAN COOK COUNTY AND CHICAGO RESIDENTS WORKING IN PARTNERSHIP WITH BUSINESS AND GOVERNMENT. CEDA OFFERS EDUCATION, ADVOCACY AND DIRECT SERVICES.

Activities or mission (Part I)

CEDA'S MISSION IS TO WORK IN PARTNERSHIP WITH COMMUNITIES TO EMPOWER FAMILIES AND INDIVIDUALS TO ACHIEVE SELF-SUFFICIENCY AND IMPROVE THEIR QUALITY OF LIFE.

  • ENERGY SERVICES ASSISTS ELIGIBLE APPLICANTS IN REDUCING HOME HEATING AND COOLING COSTS. A MONETARY BENEFIT TOWARDS ENERGY BILLS IS PROVIDED ON BEHALF OF THE APPLICANT. COUNSELING, OUTREACH, INFORMATION AND REFERRALS TO OTHER ENERGY RELATED PROGRAMS ARE ALSO PROVIDED.

    Expenses $119,765,822 · Grants $102,690,434 · Revenue $463,036

  • ENERGY CONSERVATION OFFERS WEATHERIZATION AND REHABILITATION TO ELIGIBLE, LOW INCOME HOUSEHOLDS. THE PROCESS ENTAILS ASSESSING THE HOME, EVALUATING ITS ENERGY EFFICIENCY THROUGH SOPHISTICATED TESTING, AND THEN DEVELOPING A WORK ORDER TO CORRECT DEFICIENCIES.

    Expenses $22,948,645 · Revenue $1,598,216

  • HEALTH AND NUTRITION: SEVERAL PROGRAMS THAT AIM TO IMPROVE THE HEALTH STATUES OF HIGH RISK WOMEN, INFANTS AND CHILDREN BY PROVIDING NUTRITION EDUCATION, COMPREHENSIVE AND INTENSIVE CASE MANAGEMENT SERVICES TO YOUNG TEEN PARENTS AND THEIR CHILDREN; ENSURE THAT THE TEEN PARENT OBTAINS HIS/HER HIGH SCHOOL DIPLOMA AND ASSIST FAMILIES TO HELP THEMSELVES BECOME MORE SELF-SUFFICIENT, COMPETENT AND FEEL EMPOWERED.

    Expenses $10,841,433

  • COMMUNITY DEVELOPMENT AND FAMILY SERVICES

    Expenses $4,788,917 · Grants $1,244,394

  • COMMUNITY MORTGAGE HOUSING COUNSELING

    Expenses $1,458,648 · Grants $987,551 · Revenue $31,303

  • UPLIFT HARVEY

    Expenses $1,253,130 · Grants $291,818

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Slaughter

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Lisa Anthony

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Larsenia Horton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Herb Porter

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Hon Vernard Alsberry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Harold Barr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Percy Berger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Flax

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Xochitl Flores

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rod Frazier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Darnell Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sabah Saqqar

    DIRECTOR (THRU JAN 2025)

    Total calculated
    $0
    Hours/week
    2

  • Shahiedah Shabazz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cynthia Travis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Watkins

    DIRECTOR (THRU JAN 2025)

    Total calculated
    $0
    Hours/week
    2

  • Gyatta Kimmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mike King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Harold Rice

    PRESIDENT/CEO

    Total calculated
    $352,807
    From this org
    $314,948
    From related orgs
    $0
    Other
    $37,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,004
    Bonus
    $0
    Other
    $4,944
    Deferred
    $9,511
    Nontaxable benefits
    $28,348
    Filer's total
    $352,807

  • Glen Ofenloch

    CFO/COO

    Total calculated
    $312,648
    From this org
    $301,473
    From related orgs
    $0
    Other
    $11,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,828
    Bonus
    $15,000
    Other
    $1,645
    Deferred
    $8,369
    Nontaxable benefits
    $2,806
    Filer's total
    $312,648

  • John Pady

    CHIEF EXP/PROGRAM OFFICER

    Total calculated
    $255,212
    From this org
    $238,391
    From related orgs
    $0
    Other
    $16,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,818
    Bonus
    $15,000
    Other
    $573
    Deferred
    $0
    Nontaxable benefits
    $16,821
    Filer's total
    $255,212

  • Rajev Kumar

    VP TECH & INFORMATION SVCS

    Total calculated
    $188,754
    From this org
    $181,232
    From related orgs
    $0
    Other
    $7,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,200
    Bonus
    $0
    Other
    $1,032
    Deferred
    $5,329
    Nontaxable benefits
    $2,193
    Filer's total
    $188,754

  • Lia Cruz

    ACCOUNTING DIRECTOR

    Total calculated
    $177,954
    From this org
    $170,654
    From related orgs
    $0
    Other
    $7,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,622
    Bonus
    $0
    Other
    $1,032
    Deferred
    $5,107
    Nontaxable benefits
    $2,193
    Filer's total
    $177,954

  • Paul Lalonde

    VP PEOPLE & CULTURE

    Total calculated
    $188,807
    From this org
    $159,947
    From related orgs
    $0
    Other
    $28,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,707
    Bonus
    $0
    Other
    $240
    Deferred
    $5,047
    Nontaxable benefits
    $23,813
    Filer's total
    $188,807

  • Latoya Butler

    VP ENERGY SERVICES

    Total calculated
    $159,809
    From this org
    $154,161
    From related orgs
    $0
    Other
    $5,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,609
    Bonus
    $0
    Other
    $552
    Deferred
    $3,935
    Nontaxable benefits
    $1,713
    Filer's total
    $159,809

  • Troy O'Quin

    VP OF PROGRAMS/PUBLIC POLICY

    Total calculated
    $185,137
    From this org
    $158,537
    From related orgs
    $0
    Other
    $26,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,985
    Bonus
    $0
    Other
    $552
    Deferred
    $2,475
    Nontaxable benefits
    $24,125
    Filer's total
    $185,137

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

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE AGENCY PAID PERFORMANCE BONUSES TO LEADERSHIP STAFF.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AFFORDABLE HOUSING OPTIONS LLC

    HOUSING REDEVELOPMENT · IL · income $0 · assets $734,788

    Directly controlled by CEDA

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PARTNERS FOR COMMUNITY ENERGY LLC

    RELATED · SOLAR ENERGY · IL · 51% owned · general or managing partner

Provenance

Return type
form_990
Tax year
2024
Filed
2 March 2026
IRS schema version
2024v5.5
Source object
202640859349300139

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