2024-06-10T21:13:05-05:00 2022-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2022-01-01 842818243 SOUTHLAND DEVELOPMENT AUTHORITY NFP SOUT 7087226070 17730 OAK PARK AVE NO D TINLEY PARK IL 60477 BO KEMP CEO & PRESIDENT 7087226070 2024-06-10 1 BO KEMP 999009999 0 FREDERICK E DAVIS JR P00446023 2127094500 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X BO KEMP 17730 OAK PARK AVE NO D TINLEY PARK IL 60477 2919329 0 X HTTPS://WWW.SOUTHLANDDEVELOPMENT.ORG/ X 2019 IL THE SOUTHLAND DEVELOPMENT AUTHORITY (SDA) WAS LAUNCHED IN 2019 WITH A MISSION TO COLLABORATIVELY DESIGN AND SUPPORT IMPLEMENTATION OF COMPREHENSIVE, TRANSFORMATIVE, INCLUSIVE ECONOMIC GROWTH IN COOK COUNTY'S SOUTH SUBURBS. SDA SEEKS TO RE-ESTABLISH THE SOUTHLAND AS A MAJOR HUB OF ECONOMIC ACTIVITY, REVITALIZING THE AREA AS A UNIQUE SET OF COMMUNITIES THAT CELEBRATES AND ENGAGES ITS RICH HISTORY AND DIVERSITY. INCLUSIVE ECONOMIC GROWTH HAS BEEN A FOUNDING PRINCIPLE OF THE SDA, INFORMING ALL OF ITS PROGRAMS AND ACTIVITIES WITH A FOCUS ON THE FOLLOWING DIMENSIONS:1.OWNERSHIP - GROWING BUSINESS AND REAL ESTATE OWNERSHIP BY PEOPLE OF COLOR.2.EMPLOYMENT - INCREASING THE EMPLOYMENT OF WORKERS OF COLOR IN QUALITY JOBS WITH STRONG CAREER LADDER.3.LOCATION AND ACCESS - ENSURING DISADVANTAGED POPULATIONS CAN LIVE NEAR JOB CENTERS.4.PARTICIPATION - GROWING DIVERSE REPRESENTATION AT THE RELEVANT PRIVATE, PUBLIC AND CIVIC SECTOR "TABLES," WHERE GROWTH STRATEGIES ARE SHAPED AND IMPLEMENTED. 19 18 6 19 0 0 1512998 2375038 0 542000 66 39 120000 2252 1633064 2919329 0 3000 0 0 209426 327343 0 0 0 1746079 1640640 1955505 1970983 -322441 948346 540277 1237996 1094225 843598 -553948 394398 X THE SOUTHLAND DEVELOPMENT AUTHORITY (SDA) WAS LAUNCHED IN 2019 WITH A MISSION TO COLLABORATIVELY DESIGN AND SUPPORT IMPLEMENTATION OF COMPREHENSIVE, TRANSFORMATIVE, INCLUSIVE ECONOMIC GROWTH IN COOK COUNTY'S SOUTH SUBURBS. SDA SEEKS TO RE-ESTABLISH THE SOUTHLAND AS A MAJOR HUB OF ECONOMIC ACTIVITY, REVITALIZING THE AREA AS A UNIQUE SET OF COMMUNITIES THAT CELEBRATES AND ENGAGES ITS RICH HISTORY AND DIVERSITY. INCLUSIVE ECONOMIC GROWTH HAS BEEN A FOUNDING PRINCIPLE OF THE SDA, INFORMING ALL OF ITS PROGRAMS AND ACTIVITIES WITH A FOCUS ON THE FOLLOWING DIMENSIONS:1.OWNERSHIP - GROWING BUSINESS AND REAL ESTATE OWNERSHIP BY PEOPLE OF COLOR.2.EMPLOYMENT - INCREASING THE EMPLOYMENT OF WORKERS OF COLOR IN QUALITY JOBS WITH STRONG CAREER LADDER.3.LOCATION AND ACCESS - ENSURING DISADVANTAGED POPULATIONS CAN LIVE NEAR JOB CENTERS.4.PARTICIPATION - GROWING DIVERSE REPRESENTATION AT THE RELEVANT PRIVATE, PUBLIC AND CIVIC SECTOR "TABLES," WHERE GROWTH STRATEGIES ARE SHAPED AND IMPLEMENTED. 0 0 787596 2000 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. 110287 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. 158936 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. 114670 540000 SDA MANAGES SOUTH SUBURBAN LAND BANK AND DEVELOPMENT AUTHORITY (SSLBDA) AND MULTIPLE LOCAL MUNICIPAL ENTITIES DEVELOPMENT INITIATIVES. SSLBDA IS AN INTERGOVERNMENTAL AGENCY ESTABLISHED IN 2012 THAT FACILITATES THE REDEVELOPMENT OF ACQUIRED PROPERTIES THROUGH STRATEGIC PARTNERSHIPS WITH DEVELOPERS, COMMUNITY ORGANIZATIONS, LENDERS, AND LOCAL GOVERNMENTS. SSLBDA THROUGH THE MANAGEMENT OF SDA IMPROVES THE QUALITY OF LIFE, STABILIZES THE TAX BASE, AND ENHANCES ECONOMIC ACTIVITIES THAT PROMOTE SUSTAINABLE, HEALTHY, AND STABLE COMMUNITIES IN A MANNER CONSISTENT WITH LOCAL GOVERNMENT PLANS AND PRIORITIES. 39138 153808 540000 1210627 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 19 0 6 0 0 0 0 0 0 0 0 0 0 0 X 19 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IL X BO KEMP 7087226070 17730 OAK PARK AVE SUITE D TINLEY PARK IL 60477 DAVID ABSHIRE VICE PRESIDENT 1.00 X 0 0 0 DAVID AGOSTO DIRECTOR 1.00 X 0 0 0 JEFF ALLEN DIRECTOR 1.00 X 0 0 0 VERNARD ALSBERRY JR DIRECTOR 2.00 X 0 0 0 FRANK M CLARK DIRECTOR 1.00 X 0 0 0 KRISTI DELAURENTIIS DIRECTOR 4.00 X 0 0 0 DAVID DOIG DIRECTOR 1.00 X 0 0 0 FELICIA HARDY DIRECTOR 2.00 X 0 0 0 TIM HILL DIRECTOR 1.00 X 0 0 0 CRAIG HOWARD DIRECTOR 1.00 X 0 0 0 STEVE KOCH DIRECTOR 1.00 X 0 0 0 DR CHERYL GREEN DIRECTOR 1.00 X 0 0 0 RICK REINBOLD DIRECTOR 1.00 X 0 0 0 NANCY WILSON SECRETARY 1.00 X 0 0 0 LYNEIR RICHARDSON TREASURER 3.00 X X 0 0 0 DIANE WILLIAMS CHAIR 4.00 X X 0 0 0 NATHANIEL K SUTTON DIRECTOR 1.00 X 0 0 0 BO KEMP CEO 4.00 X 250000 0 0 ROBERT WEISSBOURD DIRECTOR 4.00 X 0 0 0 IRENE SHERR DIRECTOR 1.00 X 0 0 0 250000 0 0 1 0 1 0 JOHN KEMP 1155 W ROOSEVELT UNIT 403 UNIT 40 CHICAGO IL 60608 CEO 244444 DELANEY ENTERPRISES INC 1632 N ORCHARD ST 102N CHICAGO IL 60614 CLIENT SERVICES LEAD 166088 MITCHELL & TITUS 80 PINE ST STE 3200 NEW YORK NY 10005 AUDIT FIRM 118660 3 1115038 1260000 2375038 542000 542000 542000 39 39 OTHER INCOME 310000 2252 2252 2252 2919329 544291 0 0 X 3000 3000 250000 250000 70949 15115 55834 6394 1324 5070 17671 17671 51271 29182 22089 1429255 1108408 320847 27313 20049 7264 22641 8280 14361 31666 9065 22601 25002 16204 8798 22477 22477 13275 13275 MISC FEES 69 69 1970983 1210627 760356 0 86859 142313 439168 973836 14250 121847 540277 1237996 211441 212388 26788 583805 882784 20617 1094225 843598 X -553948 -110174 504572 -553948 394398 540277 1237996 948346 0 X 0 1 X 1 0 X 605000 1958218 1424100 2375038 6362356 605000 1958218 1424100 2375038 6362356 0 0 0 6362356 8 8 8 8 605000 1958226 1424100 2375038 6362364 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 NOTES PAYABLE - NONCURRENT PORTTION 20617 20617 X 2919329 0 2919329 0 2919329 1970983 0 1970983 0 1970983 PART X, LINE 2: NO LIABILITIES FROM UNCERTAIN TAX POSITIONS WERE REQUIRED TO BE RECORDED AS OF DECEMBER 31, 2022 AND 2021. 0 0 0 0 0 0 0 0 0 BO KEMP CEO 200000 0 50000 0 0 0 0 0 0 0 250000 0 0 0 RW VENTURES LLC RW VENTURES LLC IS 100% OWNED BY ROBERT WEISSBOURD 542748 RW VENTURES LLC PROVIDED MANAGEMENT AND CONSULTING SERVICES FOR THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 2 LYNEIR RICHARDSON AND ROBERT WEISSBOURD - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND CEO THE REVIEW THE DRAFT FORM 990 PREPARED BY AN CPA FIRM, AND THEN SEND THE RETURN TO THE FINANCE COMMITTEE AND BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS WERE ASKED TO IDENTIFY ANY CONFLICTS OF INTEREST AT THE TIME OF BOARD FORMATION AND THE PROCESS WILL BE REPEATED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROGRAM CONTRACTORS: PROGRAM SERVICE EXPENSES 1,008,408. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,008,408. ADMINISTRATIVE CONTRACTORS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 320,847. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 320,847. RW VENTURES- SUBCONTRACTORS : PROGRAM SERVICE EXPENSES 100,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,000. AMENDED RETURN SOUTHLAND DEVELOPMENT AUTHORITY NFP IS FILING AN AMENDED TAX RETURN TO REFLECT AUDITED FINANCIAL STATEMENTS FOR THE TAX YEARS ENDING JUNE 30,2022. FORM 990 WAS ORIGINALLY PREPARED USING A DRAFT VERSION OF THE FINANCIAL STATEMENTS THAT WAS AVAILABLE AT THE TIME THE RETURN WAS FILED. CHANGES WERE MADE TO THE BALANCE SHEET, STATEMENT OF REVENUE, STATEMENT OF FUNCTIONAL EXPENSES, AND COMPENSATION OF OFFICERS.