Public Charity

FAR SOUTH COMMUNITY DEVELOPMENT CORP

FAR SOUTH COMMUNITY DEVELOPMENT CORP, of CHICAGO, IL, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $5.1M in revenue, $4.5M in expenses, $9.2M in total assets. 16 publicly reported grants to this organization, totaling roughly $2.1M, appear in IRS filings.

EIN: 362946248 CHICAGO, IL Latest filing: 2024
Total Revenue$5.1M
Total Expenses$4.5M
Total Assets$9.2M
Grant Records16
Funding Total$2.1M
Filing Years2019–2024

Mission

Through planning and collaboration with private developers, governmental entities and other stake-holders, the Far-South Community Development Corporation (Far South CDC)strives to facilitate and foster quality retail businesses that will meet the needs of the community, new industrial uses, and new rehabilitated commercial and residential real estate developments that will create jobs and improve the quality of life for all people who live and work in its service area.

Sample Grants Received

CENTER FOR NEIGHBORHOOD TECHNOLOGY
2024
PARTICIPATION IN STELLAR EV WORKING GROUP TRAININGS, PARTICIPATION IN CMAP CARE PROGRAM, BUS RAPID TRANSIT ENGAGEMENT WORK
$31,000
$15,000
CHARITIES AID FOUNDATION AMERICA
2024
CHARITABLE DONATION
$10,250
The Chicago Community Trust
2023
General support for programs, operations and other charitable purposes
$500,000
HABITAT FOR HUMANITY CHICAGO
2023
Homeownership Financing Solutions
$85,000

Showing up to 5 of 16 total records — full history available with membership.

Officers & Directors

Executive Dir. Abraham Lacy
Director Chester Bell Jr
Treasurer Dennis O'malley
Secretary John Chenier
Director Kareem Musawwir
Director Maggie Catania

Officer compensation and complete director data available with membership.

Top Grant Purposes

In support of the Housing and Equity Assistance Pilot Program. In support of PACE Pulse Mixed-Use Transit Supportive Development (MTSD). In support of Far South CDC's Supplier Diversity and Procurement Pilot Program. In support of general operations.
$760,000 2 grants
General support for programs, operations and other charitable purposes
$500,000 1 grant
TO SUPPORT HOUSING AND EQUITY ASSISTANCE PILOT PROGRAM, FAR SOUTH CDC, MORGAN PARK COMMONS DEVELOPMENT, AND CAPACITY BUILDING FOR ROSELAND COMMUNITY MEDICAL DISTRICT
$355,000 1 grant
HOUSING+ TRANSPORTATION, DISTRIBUTION AND LOGISTICS RE-ENTRY PROGRAM
$100,000 1 grant
Supporting General Operations of neighborhood organization that facilitates and promotes neighborhood investment work in their community, from the Searle funds at The Chicago Community Trust.
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $5.1M $4.5M $9.2M
2023 $2.7M $3.2M $5.6M
2022 — $13K $4.3M
2020 — $6K $2.5M
2019 $1.7M $1.6M $3.2M

Between 2019 and 2024, reported annual revenue grew from $1.7M to $5.1M (+191%), with total assets most recently reported at $9.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for FAR SOUTH COMMUNITY DEVELOPMENT CORP

Complete financials, all 16 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

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