Illinois · Nonprofit
FAR SOUTH COMMUNITY DEVELOPMENT CORP
FAR SOUTH COMMUNITY DEVELOPMENT CORP (Illinois) receives grants from 15 organizations whose IRS filings report $3,623,500 to it, the largest being The Chicago Community Trust ($1,655,000). 6 of them have funded it in more than one year.
- Revenue FY2025
- $5.1M
- Funders on record
- 15
- Grants received
- $3.6M
- Net assets
- $5.6M
What Far South Community Development Corp does
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.
As stated on its FY2025 Form 990.
Program
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 and other stake-holders, 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.In 2022, Far South CDC started to move from business development and housing programs to redevelopment of land and abandoned properties to create affordable housing and access to affordable retail spaces for developing enterprises. The Halsted Street Mall footprint at the corner of 115th Street and Halsted has been in planning and demo for the last three (3) years with Far South CDC developing the land to include affordable housing and retail space.
$1,992,018 spent$5,074,175 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $1,992,018.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $9.2M to $13M (+40%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 80% · 2019 85% · 2020 64% · 2021 53% · 2022 60% · 2023 63% · 2024 71% · 2025 65%. Grants only. Government contracts and fees sit inside program revenue.
90% of FAR SOUTH COMMUNITY DEVELOPMENT CORP’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Yolanda Richards-Albert
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 5 funders, grant income rose $100k → $286k.
2 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 46% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FAR SOUTH COMMUNITY DEVELOPMENT CORP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FAR SOUTH COMMUNITY DEVELOPMENT CORP leans on a few funders — its largest provides 46% of grant income and the top three 74%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
61% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FAR SOUTH COMMUNITY DEVELOPMENT CORP.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 86% · 2020 57% · 2021 48% · 2022 84% · 2023 35% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
33% of FAR SOUTH COMMUNITY DEVELOPMENT CORP's funders are still giving 2 years after their first grant; 40% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
65% of FAR SOUTH COMMUNITY DEVELOPMENT CORP's grant income comes from Illinois funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.7M arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FAR SOUTH COMMUNITY DEVELOPMENT CORP runs a healthier operating margin than three-quarters of the 2,299 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,299 community improvement nonprofits $1M–$10M, FY2025
Organizations like FAR SOUTH COMMUNITY DEVELOPMENT CORP
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
55% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Morgan Park Commons · corp_trust
- Maple Park Housing Redevelopment LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for FAR SOUTH COMMUNITY DEVELOPMENT CORP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FAR SOUTH COMMUNITY DEVELOPMENT CORP?
- FAR SOUTH COMMUNITY DEVELOPMENT CORP (Illinois) receives grants from 15 organizations whose IRS filings report $3,623,500 to it, the largest being The Chicago Community Trust ($1,655,000). 6 of them have funded it in more than one year.
- How many funders does FAR SOUTH COMMUNITY DEVELOPMENT CORP have?
- IRS filings report 15 organizations giving $3,623,500 in grants to FAR SOUTH COMMUNITY DEVELOPMENT CORP, 6 of which have funded it in more than one year.
- Who is the largest funder of FAR SOUTH COMMUNITY DEVELOPMENT CORP?
- The Chicago Community Trust is the largest funder on record, with $1,655,000 in grants. The full list of funders is on this page.
- How can an organization like FAR SOUTH COMMUNITY DEVELOPMENT CORP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 15 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing