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Filing year 2024

FAR SOUTH COMMUNITY DEVELOPMENT CORP

Chicago, Illinois·EIN 36-2946248·NTEE S31Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$4.8M
Total assets
$9.2M
Total expenses
$3.2M
Reported officers
10
Mission

Through planning and collaboration with private developers, governmental entities and other stake-holders, the Far-South Community Development Corporation (Far South CDC)strives to facilitate and foster quality retail businesses that will meet the needs of the community, new industrial uses, and new rehabilitated commercial and residential real estate developments that will create jobs and improve the quality of life for all people who live and work in its service area.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

Executive Dir.
Officer (Unspecified)
$148k
$158k
COO
25th percentile to median
$120k
$128k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FAR SOUTH COMMUNITY DEVELOPMENT CORP equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
5%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Climbed 28%
over 2 years

From $115k in 2022 to $148k in 2024.

$115k
2022
$114k
2023
$148k
2024
In today's dollarsEst.
Up 20% in real terms$132k to $158k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Operating Officer pay rose 19% from 2023 to 2024, while revenue rose 75%.

$101k in 2023 to $120k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FAR SOUTH COMMUNITY DEVELOPMENT CORP

What does the Chief Operating Officer of FAR SOUTH COMMUNITY DEVELOPMENT CORP earn?

In 2024, the Chief Operating Officer of FAR SOUTH COMMUNITY DEVELOPMENT CORP received $120,000 in total compensation. This pay is below the median (the midpoint) for Chief Operating Officer roles among Community Improvement & Capacity Building organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Operating Officer pay at FAR SOUTH COMMUNITY DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2024 pay of the Chief Operating Officer at FAR SOUTH COMMUNITY DEVELOPMENT CORP falls between the 25th percentile and the median. In 2024, the highest total compensation at FAR SOUTH COMMUNITY DEVELOPMENT CORP equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are FAR SOUTH COMMUNITY DEVELOPMENT CORP's revenue and expenses?

In 2024, FAR SOUTH COMMUNITY DEVELOPMENT CORP reported $4.8M in total revenue and $3.2M in total expenses on its IRS Form 990.

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