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 2025 filing shows $5.1M in revenue, $3.6M in expenses, $13.0M in total assets. 18 publicly reported grants to this organization, totaling roughly $2.3M, appear in IRS filings.

EIN: 362946248 CHICAGO, IL Urban & Community Economic Development NTEE: S31 Latest filing: 2025
Total Revenue$5.1M
Total Expenses$3.6M
Total Assets$13.0M
Grant Records18
Funding Total$2.3M
Filing Years2020–2025

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.

Where $100 goes at Far South Community Development Corp

How Far South Community Development Corp divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$63 Programs the work itself
$37 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $63 for programs

$63
Far South CDC's strives to facilitate and foster quality retail businesses that will meet the needs of the community; through planning and collaboration with private developers, governmental entities…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
General support for programs, operations and other charitable purposes
$100,000
2024
Homeownership Financing Solutions
$85,000
2024
PARTICIPATION IN STELLAR EV WORKING GROUP TRAININGS, PARTICIPATION IN CMAP CARE PROGRAM, BUS RAPID TRANSIT ENGAGEMENT WORK
$31,000
$15,000
2024
CHARITABLE DONATION
$10,250

Showing up to 5 of 18 total records — full history available with membership.

Officers & Directors

PRESIDENT/E.D. 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

General Support
$871,250 8 grants
Housing & Homelessness
$860,000 3 grants
Health & Medicine
$355,000 1 grant
Training & Professional Development
$25,000 1 grant
Economic Development
$15,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $5.1M $3.6M $13.0M
2024 $5.1M $4.5M $9.2M
2023 $2.7M $3.2M $5.6M
2022 — $13K $4.3M
2020 $1.7M $1.5M $3.5M

Between 2020 and 2025, reported annual revenue grew from $1.7M to $5.1M (+200%), with total assets most recently reported at $13.0M.

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

See the full picture for FAR SOUTH COMMUNITY DEVELOPMENT CORP

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