Reggie Greenwood, Executive Director at Chicago Southland Economic Development Corporation | linkedin.com
Reggie Greenwood, Executive Director at Chicago Southland Economic Development Corporation | linkedin.com
This appropriation represents state-level funding authorized by lawmakers, reflecting what was approved in the budget, not necessarily disbursed. The funds cover only State of Illinois support and exclude federal, local, or other public sources.
Founded in 1998, Chicago Southland Economic Development Corporation states that its mission is: “The mission of the Chicago Southland Economic Development Corporation is to identify, organize and mobilize public and private resources that will result in the creation and expansion of manufacturing and logistics companies along with new retail and commercial growth, thereby providing economic growth and sustainable careers in the Southland.”
You can learn more about the organization at its website.
In its most recent IRS Form 990 filing filing for tax year 2024, the organization reported $512,493 in total revenue.
The nonprofit listed $432,435 in contributions overall. It also reported $432,435 categorized under other contributions, which may include restricted donations, pledges, or bequests.
At the beginning of 2024, Chicago Southland Economic Development Corporation had $96,440 in assets. By the end of 2024, that figure had changed to $386,421, indicating a significant 300.7% growth in overall holdings.
However, a Chicago City Wire analysis found that IRS filings frequently contain discrepancies when compared with publicly disclosed government grant reports and budgets.
Chicago Southland Economic Development Corporation is one of hundreds of nonprofits across Illinois that receive substantial support from state taxpayers while also fundraising privately.
In 2025, Illinois lawmakers introduced House Bill 1266, also known as the Department of Government Efficiency (DOGE) Act. The proposal would create a new oversight body within the Office of the Auditor General tasked with identifying cost-saving measures, reviewing agency performance, and advising on audit priorities. If passed, DOGE could bring additional scrutiny and performance evaluation to taxpayer-funded organizations.
According to ProPublica, Illinois has more than 78,000 active tax-exempt organizations, including nearly 60,000 classified as charitable nonprofits. In their most recent IRS filings, these groups reported a combined revenue exceeding $156 billion.
| Term | Name | Title |
|---|---|---|
| 2024-2024 | Edward Paesel | Trustee |
| 2024-2024 | Lou Vitullo | Trustee |
| 2024-2024 | Marcus D Thompson | Secretary |
| 2024-2024 | Michael Scholefield | President |
| 2024-2024 | Reggie Greenwood | Executive Dir. |
| 2024-2024 | Richard Reinbold | Treasurer |
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