THIS CORPORATION IS FORMED EXCLUSIVELY FOR THE BENEFIT OF, AND TO ASSIST IN CARRYING OUT THE ECONOMIC DEVELOPMENT PROGRAM AND OBJECTIVES OF, THE CITY OF CHICAGO AND TO PROMOTE THE DEVELOPMENT, ESTABLISHMENT OR EXPANSION OF INDUSTRIES, COMMUNITY FACILITIES AND UNDERSERVED-AREA RETAIL AMONG OTHER THINGS, BY GENERATING PRIVATE INVESTMENT CAPITAL THROUGH THE NEW MARKETS TAX CREDIT PROGRAM THAT CAN BE MADE AVAILABLE FOR INVESTMENTS IN LOW INCOME COMMUNITIES.
Reported officers (all unpaid)
No paid executives reported in 2023. CHICAGO DEVELOPMENT FUND reported 14 unpaid officers and board members on its 990.
What Public & Societal Benefit executives earn in Illinois
CHICAGO DEVELOPMENT FUND reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable public & societal benefit organization in Illinois earns a median of $137,673.
These are public & societal benefit sector-wide figures, not this organization's reported pay. Based on 99 organizations across 99 filings (2022 – 2024).
See full Public & Societal Benefit pay data for Illinois →Common questions about CHICAGO DEVELOPMENT FUND
What are CHICAGO DEVELOPMENT FUND's revenue and expenses?
In 2023, CHICAGO DEVELOPMENT FUND reported $1.2M in total revenue and $722k in total expenses on its IRS Form 990.
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