EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE Charity Report

Public IRS 990 nonprofit record

EMERALD SOUTH ECONOMIC DEVELOPMENT COLLOBORATIVE

EIN 83-1478837

What they do

to ENSURE THAT ACCESS and OPPORTUNITIES ARE SHARED to BENEFIT RESIDENTs and BUSINESS OWNERS of CHICAGOS SOUTHSIDE. WE AIM to FOSTER GROWTH of LOCAL BUSINESSES and LEADERS, ATTRACT NEW INVESTMENT, DEVELOP OUR LOCAL LABOR WORKFORCE and SUPPORT INCLUSIVE HOUSING

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.54%of revenue went to mission work89.3% of expenses · Program services

$83.44spent for every $100 of revenueRevenue covered expenses this year.

8.90%of revenue went to management and office costs10.7% of expenses

$0.90in assets for every $1 spent this yearSome assets cannot be spent right away.

99.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $229,731 for GHIAN FORMAN (PRESIDENT CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,781,955

Mission workProgram services$1,328,18674.54% of revenue89.3% of expenses

ManagementOffice and general costs$158,6718.90% of revenue10.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$295,09816.56% of revenueShown in gray on the chart

Total expenses$1,486,85783.44% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2025CurrentExpense mix: 89.3% mission · 10.7% management · 0.0% fundraisingTotal expenses: 83.44% of revenue

2024Expense mix: 89.9% mission · 10.1% management · 0.0% fundraisingTotal expenses: 320.37% of revenue

2023Expense mix: 90.3% mission · 9.7% management · 0.1% fundraisingTotal expenses: 82.05% of revenue

2022Expense mix: 91.7% mission · 7.6% management · 0.7% fundraisingTotal expenses: 62.12% of revenue

2021Expense mix: 88.1% mission · 11.2% management · 0.7% fundraisingTotal expenses: 100.25% of revenue

Money in and money out

Revenue$1,781,955

Expenses$1,486,857

Annual surplus $295,098 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,328,186 · 89.3% of expenses

Management and office costs$158,671 · 10.7% of expenses

See all reported dollar amounts

Revenue$1,781,955

Expenses$1,486,857

Assets$1,345,049

Income$1,781,955

Contributions$1,766,970

Mission work (program services)$1,328,186

Management and general$158,671

Executive compensation (total)$267,308

People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

GHIAN FORMANPRESIDENT CEO · 40 hrs/week $229,731

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

GHIAN FORMANPRESIDENT CEO

JOEL HAMERNICKEX CO-CHAIR

SUSAN SHERDIRECTOR

STEPHANIE GREENDIRECTOR

SHAYNE EVANSDIRECTOR

REV TORREY BARRETTDIRECTOR

REV JESSEE KNOX IIIDIRECTOR

PHAEDRA LESLIEDIRECTOR

MICHAEL STRAUTMANISCHAIRMAN

MARC B BROOKSDIRECTOR

LIZ GARDNERDIRECTOR

KIMBERLY LEWISDIRECTOR

ALICE MCLEANASST TREASURER AND SECRETARY

JACKY GRIMSHAWDIRECTOR

HUBERT O THOMPSONDIRECTOR

FATHER RICHARD TOLLIVERTREASURER AND SECRETARY

DONALD MCGRUDERDIRECTOR

DAWVEED SCULLYDIRECTOR

CORY L THAMESDIRECTOR

CHARLES YOUNGDIRECTOR

CHARISE WILLIAMSDIRECTOR

CALVIN HOLMESDIRECTOR

About this charity

Recognized since: January 2021
Location: 4729 S DREXEL BLVD, CHICAGO, IL 606151701
County: Cook
In care of: GHIAN FOREMAN
Primary officer: GHIAN FOREMAN, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Phone(773) 339-4956

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: EVOLVE ACCOUNTING & BUSINESS SERVICES INC