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Community Development : Housing and Neighborhood Development

Goodcity

Empowering the next generation of nonprofit leaders

one star

66.92

1550 South State Street Suite 100
Chicago, IL 60605
tel: (773) 850-0354   Web Site
EIN: 36-3467921

Board Leadership
Bradley Wilks
Chair

  Score
(out of 100)
Rating
Overall Score & Rating 66.92 one star
  Financial 77.50 two stars
  Accountability & Transparency 59.00 one star
This rating was published 02/01/2019 and includes data from FY2017, the most recent 990 received at that time.

Goodcity was founded in 1986 by Rev. William (Bud) Ipema as MidAmerica Leadership Foundation around the idea that many community leaders have the drive and faith commitment to make a difference, but lack the skills and access to resources that can make their visions real. Goodcity addresses that deficit by providing consultation, financial management and skills training for local leaders - empowering residents to address local needs efficiently and effectively. The mission of Goodcity is to support emerging neighborhood and faith-based programs which promote self-sufficiency, hope, and a sense of purpose in the lives of individuals in under-resourced communities.

Goodcity was founded in 1986 by Rev. William (Bud) Ipema as MidAmerica Leadership Foundation around the idea that many community leaders have the drive and faith commitment to make a difference, but lack the skills and access to resources that can make their visions real. Goodcity addresses that deficit by providing consultation, financial management and skills training for local leaders - empowering residents to address local needs efficiently and effectively. The mission of Goodcity is to support emerging neighborhood and faith-based programs which promote self-sufficiency, hope, and a sense of purpose in the lives of individuals in under-resourced communities.

Financial

two stars

77.50

Accountability & Transparency

one star

59.00

This rating was published 02/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
85.0%
  Administrative Expenses 8.2%
  Fundraising Expenses 6.6%
  Fundraising Efficiency $0.13
  Working Capital Ratio (years) < 0.01
  Program Expenses Growth 13.3%
  Liabilities to Assets 172.5%
All data for Financial Performance Metrics calculations was provided by Goodcity on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Goodcity on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Goodcity (IL) 66.92 one star
Hope Enterprise Corporation (MS) 90.98 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 88.11 three stars
ACCION New Mexico (NM) 94.69 four stars
ACCION San Diego (CA) 94.74 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $719,100
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $1,600
Total Contributions $720,700
   Program Service Revenue $1,920,200
Total Primary Revenue $2,640,900
   Other Revenue $196,100
TOTAL REVENUE $2,837,000
   
EXPENSES  
   Program Expenses $2,915,250
   Administrative Expenses $338,400
   Fundraising Expenses $276,350
TOTAL FUNCTIONAL EXPENSES $3,530,000
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-693,000
   
Net Assets $-294,400

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Senior Ministry $1,749,150 60.0%
Start Up Community Programs $1,166,100 40.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 02/01/2019 66.92 one star
2016-06 09/01/2017 73.88 two stars
2015-06 10/01/2016 90.85 four stars
2014-06 06/01/2016 91.50 four stars
 
CN 2.0
2014-06 09/01/2015 87.62 three stars
2013-06 10/01/2014 91.82 four stars
2012-06 09/01/2013 84.42 three stars
2011-06 06/01/2012 92.89 four stars
2010-06 09/20/2011 90.68 four stars
 
CN 1.0
2009-06 08/01/2010 77.01 two stars
2008-06 05/01/2009 90.43 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 36-3467921
Name in IRS Master File GOODCITY NFP
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (408) Community service organization
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1988
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$105,000 2.97% Jimmy Lee President

Highly Rated

Charity Name & State Overall Score Overall Rating
Goodcity (IL) 66.92 one star
LiftFund (TX) 91.10 four stars
Commonwealth (MA) 91.42 four stars
Hebrew Free Loan Society (NY) 89.65 three stars
Tides Center (CA) 96.50 four stars

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Charity Contact Info

Goodcity
1550 South State Street
Suite 100
Chicago, IL 60605
tel: (773) 850-0354
EIN: 36-3467921

Visit Web Site

Board Leadership

Bradley Wilks
Chair

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