Skip to content
Ask
← Funding

Illinois · Nonprofit

Near North Development Corporation

Near North Development Corporation (Illinois) receives grants from 1 organization whose IRS filings report $0 to it, the largest being GREATER CHICAGO FOOD DEPOSITORY ($0). 1 of them have funded it in more than one year.

Revenue FY2024
$540k
Funders on record
1
Grants received
$0
Net assets
$1.6M
1/1 repeat funderspeak grant-dependency 0%
01What it does

What Near North Development Corporation does

Mission

To invest in people and property through the development, maintenance, and improvement of quality mixed-income housing and related supportive services for persons of very low and moderate income in the North Town area.

As stated on its FY2024 Form 990.

Program

  1. Talent Search is one of three federally funded TRIO programs sponsored by the U.S. Department of Education. This program helps prepare and encourage middle and high school students to pursue a post secondary education. Students are taught study strategies, time management, and organization skills. They receive individual assistance with college selection, completing admission applications, as well as financial aid and scholarship opportunities. Students are exposed to various universities across the United States via campus tours and cultural events around the City of Chicago.

    $268,572 spent$189,783 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $268,572.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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.

100 = 20172017 Revenue 100 ($612k) Expenses 100 ($645k) Net assets 100 ($1.7M)2018 Revenue 130 ($796k) Expenses 133 ($856k) Net assets 90 ($1.5M)2019 Revenue 160 ($978k) Expenses 180 ($1.2M) Net assets 88 ($1.5M)2020 Revenue 122 ($747k) Expenses 122 ($785k) Net assets 91 ($1.5M)2021 Revenue 163 ($998k) Expenses 150 ($964k) Net assets 93 ($1.6M)2022 Revenue 150 ($919k) Expenses 141 ($907k) Net assets 80 ($1.4M)2023 Revenue 97 ($593k) Expenses 79 ($506k) Net assets 89 ($1.5M)2024 Revenue 88 ($540k) Expenses 73 ($469k) Net assets 95 ($1.6M)
'17'18'19'20'21'22'23'24
Revenue (88)Expenses (73)Net assets (95)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $1.8M to $1.6M (−12%).

$1.8M
$1.7M
$1.7M
$1.7M
$1.8M
$1.6M
$1.8M
$2.0M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 87% · 2018 91% · 2019 96% · 2020 86% · 2021 84% · 2022 81% · 2023 47% · 2024 44%. Grants only. Government contracts and fees sit inside program revenue.

44% of Near North Development Corporation’s revenue is contributions — more donation-reliant than the typical peer (37% for the typical peer).

This organization
Typical peer · 8,334 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.

−$33k
’17
−$60k
’18
−$182k
’19
−$38k
’20
$34k
’21
$12k
’22
$86k
’23
$72k
’24
8.6
months of
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.

Chief executive

Kelvin M Strong

Executive Director

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed77666767
Joined·+0+0+0+0+1+1+1
No longer listed·0100020
03Who funds it
04Its place in the field

Against its field

Near North Development Corporation runs a healthier operating margin than half of the 7,828 housing & shelter nonprofits its size.

Operating margin13% · above the median
Months of reserve8.6mo · above the median
Revenue growth (annualized)−2% · bottom quartile

this organization peer median middle 50% of peers· 7,828 housing & shelter nonprofits $100k–$1M, FY2024

Government funding Near North Development Corporation receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4.8M on record.

Federal$4.8M
grants $4.8Mcontracts $0
17
18
19
20
21
22
23
24
25
Top agencies
  • Department of Education$4.8M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Near North Development Corporation

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

North West Housing Partnership81%Northwest Side Community Development Cor79%Local Economic and Employment Development Council Inc78%Chicago Neighborhood Initiatives Inc77%Housing and Human Development Corporation76%The Affordable Housing Corporation of Lake County76%Northwest Compass Inc76%Northwest Side Housing Center75%

Nationally

Northside Community Housing Inc84%Friends of the North Country Inc83%Neighborhood Nonprofit Housing Corp83%New Community Development Corporation82%Nhs Community Development Corp81%Neighborhood Recovery Communit Development Corp81%Neighborhood Initiatives Development Corporation81%North West Housing Partnership81%
05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

57% of spending goes to programs.

Program 57%Management 43%Fundraising 0%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

72%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IL

Part of a family of 6 related entities

  • Evergreen Towers I NFP · exempt
  • Evergreen Towers II LLC · partnership
  • Cleveland Greene NFP · corp_trust
  • Hazel Winthrop NFP · corp_trust
  • Sunnyside Kenmore Development · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for Near North Development Corporation: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 Near North Development Corporation?
Near North Development Corporation (Illinois) receives grants from 1 organization whose IRS filings report $0 to it, the largest being GREATER CHICAGO FOOD DEPOSITORY ($0). 1 of them have funded it in more than one year.
How many funders does Near North Development Corporation have?
IRS filings report 1 organization giving $0 in grants to Near North Development Corporation, 1 of which have funded it in more than one year.
Who is the largest funder of Near North Development Corporation?
GREATER CHICAGO FOOD DEPOSITORY is the largest funder on record, with $0 in grants. The full list of funders is on this page.
How can an organization like Near North Development Corporation 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 FY2024 (financials across 2017–2024), and the filings of 1 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 14, 2026. What this page cannot tell you · view filing