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Nonprofiteer
← CHICAGO CHESED FUND INC

Form 990 for tax year 2024

Filed by CHICAGO CHESED FUND INC.

Totals

Total revenue
$9,162,422
Total expenses
$10,259,236
Contributions and grants received
$8,387,299
Grants paid
$7,362,897
Program service revenue
$0
Investment income
$412,160
Other revenue
$362,963
Total assets, end of year
$15,201,057
Total liabilities, end of year
$2,307,809
Net assets or fund balances, end of year
$12,893,248
Program services expenses (Part IX)
$8,695,382
Management and general expenses
$1,289,538
Fundraising expenses
$274,316
Program service expenses (Part III)
$8,695,382

Program services were 84.8% 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.

  • 1f · All other contributions, gifts and grants

    $8,387,299

  • 3 · Investment income

    total $220,365 · excluded $220,365

  • 7a · Gross sales of assets other than inventory

    securities $191,795

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

    securities $0

  • 7c · Gain or loss

    securities $191,795

  • 7d · Net gain or loss

    total $191,795 · excluded $191,795

  • 9a · Gaming: gross income

    $589,173

  • 9b · Gaming: direct expenses

    $226,210

  • 9c · Net income from gaming

    total $362,963 · excluded $362,963

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $289,082 · program services $289,082

  • 2 · Grants to domestic individuals

    total $7,073,815 · program services $7,073,815

  • 5 · Compensation of officers, directors and key employees

    total $104,075 · management and general $104,075

  • 7 · Other salaries and wages

    total $1,300,223 · program services $849,729 · management and general $450,494

  • 9 · Other employee benefits

    total $100,706 · management and general $100,706

  • 10 · Payroll taxes

    total $94,768 · program services $46,009 · management and general $48,759

  • 11c · Fees: accounting

    total $37,020 · management and general $37,020

  • 11d · Fees: lobbying

    total $125,301 · management and general $125,301

  • 11f · Fees: investment management

    total $6,426 · management and general $6,426

  • 12 · Advertising and promotion

    total $45,925 · fundraising $45,925

  • 13 · Office expenses

    total $78,336 · management and general $78,336

  • 14 · Information technology

    total $9,580 · management and general $9,580

  • 16 · Occupancy

    total $32,820 · management and general $32,820

  • 17 · Travel

    total $57,508 · management and general $57,508

  • 20 · Interest

    total $109,420 · management and general $109,420

  • 22 · Depreciation, depletion and amortization

    total $412,084 · program services $393,833 · management and general $18,251

  • 23 · Insurance

    total $59,265 · program services $42,914 · management and general $16,351

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $228,391 · fundraising $228,391

  • 24b · Other expenses: BANK AND CREDIT CARD CH

    total $94,491 · management and general $94,491

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,491,203 · end of year $2,175,022

  • 2 · Savings and temporary cash investments

    beginning of year $4,038,338 · end of year $1,525,600

  • 7 · Other notes and loans receivable

    beginning of year $3,350,055 · end of year $4,298,732

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

    $7,594,356

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

    $2,294,074

  • 10c · Land, buildings and equipment, net

    beginning of year $4,621,840 · end of year $5,300,282

  • 12 · Investments: other securities

    beginning of year $1,728,487 · end of year $1,901,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,653 · end of year $86,609

  • 23 · Secured mortgages and notes payable

    beginning of year $2,050,000 · end of year $2,050,000

  • 24 · Unsecured notes and loans payable

    beginning of year $73,700 · end of year $171,200

  • 27 · Net assets without donor restrictions

    beginning of year $14,019,570 · end of year $12,893,248

Mission and programs · 2024

Mission

TO RAISE AND DISTRIBUTE FUNDS, GOODS, FOOD, AND ASSISTANCE TO THE POVERTY-STRICKEN IN THE JEWISH COMMUNITY.

  • ASSISTING THE POOR AND INDIGENT BY SUPPLYING FOOD, CLOTHING AND MONETARY ASSISTANCE TO THE POVERTY STRICKEN IN THE JEWISH COMMUNITY.

    Expenses $8,695,382 · Grants $7,362,897

As filed on the 2024 return.

Listed in Part VII

  • Moshe Kahn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Alan Siegal

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Avi Banker

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Eli Hildeshaim

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joseph Fuerst

    EXECUTIVE DIRECTOR

    Total calculated
    $104,075
    From this org
    $52,000
    From related orgs
    $0
    Other
    $52,075
    Hours/week
    40

  • David Gendel

    DEVELOPMENT MANAGER

    Total calculated
    $177,653
    From this org
    $150,000
    From related orgs
    $0
    Other
    $27,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,653
    Filer's total
    $177,653

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 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.2
Source object
202512939349301151

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