Somercor 504 Inc logo

City of Chicago Neighborhood Opportunity Fund (NOF)

Somercor 504 Inc

Funding Amount

Up to $250,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

City of Chicago Neighborhood Opportunity Fund (NOF)

Administrator: SomerCor on behalf of the City of Chicago

Geographic Scope: City of Chicago, Illinois - specifically neighborhoods lacking private investment

Program Focus: Community and culture projects in local neighborhoods

What It Funds:

  • Commercial property acquisition

  • Commercial property improvement

  • New construction

  • Community and cultural projects
  • Award Amount: Up to $250,000 per grant

    Eligibility:

  • Projects in Chicago neighborhoods lacking private investment

  • Community-focused businesses and organizations

  • Arts and culture organizations

  • Community centers and educational facilities
  • Funded Projects (Examples):

  • 345 Art Gallery in Garfield Park - 1,000 square-foot expansion for art gallery, events, and classes

  • Melvina Masterminds - arts, science, and technology center for youth on the West Side

  • ¡WEPA! Mercado del Pueblo - business incubator for startup businesses
  • Funding Source: Revenue from downtown developments

    Contact Information:

  • SomerCor

  • Address: 209 S. LaSalle St., Suite 203, Chicago, Illinois 60604

  • Phone: (312) 360-3300

  • Email: info@somercor.com
  • Background: The City of Chicago Neighborhood Opportunity Fund generates revenue from downtown developments to finance community and culture projects in local neighborhoods that lack private investment.

    What Somercor 504 Inc actually gave

    Source: IRS Form 990-PF, 2020 — the most recent filing with itemized grants

    Grants in 2020
    433
    Total given
    $6.27M
    Median grant
    $10K
    Range
    $10K–$20K
    • By dollars: Illinois 100%. Top recipient cities: Chicago, IL; Champaign, IL; Arlington Heights, IL.
    • 0% of grants with a stated purpose were for general or operating support.

    Example grants

    • 187 Boxing Club · Chicago, IL

      Economic relief for small businesses hit hardest by covid-19

      $20K

    • 1858 Fitness · Freeport, IL

      Economic relief for small businesses hit hardest by covid-19

      $20K

    • 3 Sixty LLC · Aurora, IL

      Economic relief for small businesses hit hardest by covid-19

      $20K

    • 360 Mind Body Soul LLC · Chicago, IL

      Economic relief for small businesses hit hardest by covid-19

      $20K

    • 3R Fitness Batavia LLC · Geneva, IL

      Economic relief for small businesses hit hardest by covid-19

      $20K

    IRS Form 990-PF, 2020. Amounts as reported by the funder. Full 990 history →

    Focus Areas & Funding Uses

    Fields of Work

    community-developmentartscommunity-centers

    Categories

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