Program areas at Southland Development Authority NFP
The sda business growth services (bgs) program provides targeted, industry-specific, technical and financial support to businesses through an entensive and sophisticated network of partner organizations, expert mentors and specialists. The bgs program had provided outreach to over 10,000 companies in the Southland, and supported over 500 - with 125 preparing for, receiving, or having received mentorship. The program seeks to build on this success, specifically demonstrating a growth in business revenue and employment over time for the businesses that receive sda mentorship services.
The sda metals hub will grow revenue for metals, manufacturing and equipment (mm&e) firms in the region collaboratively by creating and harnessing the most accessible, capable, and competitive metal fabrication supply chains in the u.s. to deliver new regional revenue and growth. In addition, it will guide Southland mm&e firms towards increased speed, quality, and rapid customization of advanced manufacturing. The founding corporate partners of the metal hub have recently launched their reports to solicit new manufacturing business to the Southland area.
The capital program includes equity and debt opportunities to support Southland businesses. The sda launched an online platform to support loan facilitation for small businesses as well as developed the diverse owners program initiative to support entrepreneurs looking to acquire a Southland based buisiness.
Who funds Southland Development Authority NFP
Grants from foundations and other nonprofits
Financials for Southland Development Authority NFP
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,340,336 | $2,375,038 | -1.5% |
| Program services | $906,956 | $542,000 | 67.3% |
| Investment income and dividends | $26 | $39 | -33.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $1,031 | $2,252 | -54.2% |
| Total revenues | $3,248,349 | $2,919,329 | 11.3% |
Organizations like Southland Development Authority NFP
| Organization | Type | Location | Revenue |
|---|
| Oconto County Economic Development Corporation | 501(c)(3) | Oconto, WI | $1,641,064 |
| Regional Development Corporation | 501(c)(3) | Santa Fe, NM | $1,149,014 |
| Common Wealth Development | 501(c)(3) | Madison, WI | $3,480,272 |
| City of Baltimore Development Corporation (BDC) | 501(c)(3) | Baltimore, MD | $2,618,286 |
| Charleston Redevelopment Corporation | 501(c)(3) | Charleston, SC | $3,541,424 |
| Downtown Somerville Alliance | 501(c)(3) | Somerville, NJ | $974,825 |
| Mohawk Valley EDGE (EDGE) | 501(c)(3) | Rome, NY | $10,796,894 |
| Destination Medical Center Economic Development Agency | 501(c)(3) | Rochester, MN | $4,963,508 |
| El Pajaro Community Development Corporation | 501(c)(3) | Watsonville, CA | $2,392,811 |
| Riverfront Development Corporation of Delaware | 501(c)(3) | Wilmington, DE | $4,149,656 |
Data update history
November 25, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2024
Used new vendors
Identified 2 new vendors, including , and
November 23, 2024
Updated personnel
Identified 8 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donationsAccepts online donationsLegally formed as corporation
General information
- Address
- 17730 Oak Park Ave No D
- Tinley Park, IL 60477
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- County
- Cook County, IL
- Website URL
- southlanddevelopment.org/Â
- Phone
- (708) 722-6070
IRS details
- EIN
- 84-2818243
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2019
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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