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Also known as: DEVELOPMENT FUND
United Center Community Business Development Fund is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 1997. The principal officer is % Max E Mohler. It holds total assets of $714K. Annual income is reported at $2K. The United Center Community Economic Development Fund (Fund) fosters community redevelopment in the economically depressed near West Side of Chicago neighborhood. The Fund provides loans and, in some cases, loan guarantees, to organizations that will create jobs for residents of the community.In providing loans and loan guarantees to businesses in the community which could otherwise not obtain financing to expand or relocate to create jobs in the community, the Fund is relieving poverty and combating community deterioration.In addition to the above activities, the Fund may at times make annual donations to the Near West Side Economic Development Organization, which is qualified IRC 501(c)(3) organization. According to available records, United Center Community Business Development Fund has made 2 grants totaling $12K, with a median grant of $6K. The foundation has distributed between $6K and $6K annually from 2022 to 2023. Individual grants have ranged from $6K to $6K, with an average award of $6K. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
The United Center Community Economic Development Fund (Fund) fosters community redevelopment in the economically depressed near West Side of Chicago neighborhood. The Fund provides loans and, in some cases, loan guarantees, to organizations that will create jobs for residents of the community.In providing loans and loan guarantees to businesses in the community which could otherwise not obtain financing to expand or relocate to create jobs in the community, the Fund is relieving poverty and combating community deterioration.In addition to the above activities, the Fund may at times make annual donations to the Near West Side Economic Development Organization, which is qualified IRC 501(c)(3) organization.
The United Center Community Economic Development Fund (Fund) fosters community redevelopment in the economically depressed near West Side of Chicago neighborhood. The Fund provides loans and, in some cases, loan guarantees, to organizations that will create jobs for residents of the community.In providing loans and loan guarantees to businesses in the community which could otherwise not obtain financing to expand or relocate to create jobs in the community, the Fund is relieving poverty and combating community deterioration.In addition to the above activities, the Fund may at times make annual donations to the Near West Side Economic Development Organization, which is qualified IRC 501(c)(3) organization. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in IL.
United Center Community Business Development Fund has distributed a total of $12K across 2 grants. The median grant size is $6K, with an average of $6K. Individual grants have ranged from $6K to $6K.
The application deadline is See above. - REAL ESTATE DEVELOPMENT, CONSTRUCTION, OR REHABILITATION PROJECTS OF A TEMPORARY NATURE WILL NOT BE ELIGIBLE.
United Center Community Business Development Fund is headquartered in CHICAGO, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mr Howard Pizer | Secretary | $0 | $0 | $0 |
| Mr Steve Rucks | Treasurer | $0 | $0 | $0 |
| Mr Earnest Gates | Director | $0 | $0 | $0 |
| Ms Nadine Heidrich | Director | $0 | $0 | $0 |
Total Giving
$8K
Total Assets
$717K
Fair Market Value
$110K
Net Worth
$702K
Grants Paid
$6K
Contributions
$0
Net Investment Income
$2K
Distribution Amount
$6K
Total Grants
2
Total Giving
$12K
Average Grant
$6K
Median Grant
$6K
Unique Recipients
1
Most Common Grant
$6K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Near West Side Community DevelopmenCIVIC ACTIVITIES | Chicago, IL | $6K | 2023 |
AKRON, OH
CHICAGO, IL
WASHINGTON, DC
NORTH KINGSTOWN, RI
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