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Nonprofiteer
← NORTHWEST SIDE COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by NORTHWEST SIDE COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$5,769,192
Total expenses
$3,957,841
Contributions and grants received
$4,704,223
Grants paid
$1,003,375
Program service revenue
$997,365
Investment income
$67,604
Other revenue
$0
Total assets, end of year
$21,992,480
Total liabilities, end of year
$7,952,730
Net assets or fund balances, end of year
$14,039,750
Program services expenses (Part IX)
$3,106,921
Management and general expenses
$627,741
Fundraising expenses
$223,179
Program service expenses (Part III)
$3,106,921

Program services were 78.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,691,210

  • 1f · All other contributions, gifts and grants

    $1,013,013

  • 2a · Program service revenue: LOAN INTEREST & CLOSING FEES

    total $907,201 · related or exempt $907,201

  • 2b · Program service revenue: FEES FOR SERVICES

    total $90,164 · related or exempt $90,164

  • 3 · Investment income

    total $67,604 · excluded $67,604

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $973,375 · program services $973,375

  • 2 · Grants to domestic individuals

    total $30,000 · program services $30,000

  • 5 · Compensation of officers, directors and key employees

    total $254,163 · program services $218,797 · management and general $24,343 · fundraising $11,023

  • 7 · Other salaries and wages

    total $752,624 · program services $647,522 · management and general $72,607 · fundraising $32,495

  • 8 · Pension plan contributions

    total $22,693 · program services $19,510 · management and general $2,132 · fundraising $1,051

  • 9 · Other employee benefits

    total $77,750 · program services $68,978 · management and general $4,895 · fundraising $3,877

  • 10 · Payroll taxes

    total $73,866 · program services $62,799 · management and general $7,281 · fundraising $3,786

  • 11b · Fees: legal

    total $56,764 · program services $4,980 · management and general $39,786 · fundraising $11,998

  • 11c · Fees: accounting

    total $126,201 · program services $108,144 · management and general $12,474 · fundraising $5,583

  • 11g · Fees: other

    total $686,325 · program services $535,201 · management and general $4,580 · fundraising $146,544

  • 12 · Advertising and promotion

    total $20,111 · program services $19,712 · management and general $276 · fundraising $123

  • 13 · Office expenses

    total $31,880 · program services $25,962 · management and general $4,790 · fundraising $1,128

  • 16 · Occupancy

    total $96,697 · program services $81,472 · management and general $11,082 · fundraising $4,143

  • 17 · Travel

    total $58,066 · program services $51,088 · management and general $6,978

  • 19 · Conferences, conventions and meetings

    total $13,454 · program services $12,801 · management and general $653

  • 20 · Interest

    total $196,055 · program services $196,055

  • 22 · Depreciation, depletion and amortization

    total $7,846 · program services $6,750 · management and general $757 · fundraising $339

  • 23 · Insurance

    total $12,586 · program services $11,317 · management and general $1,269

  • 24a · Other expenses: BAD DEBTS

    total $416,555 · management and general $416,555

  • 24b · Other expenses: SUBSCRIPTIONS

    total $31,285 · program services $27,763 · management and general $2,433 · fundraising $1,089

  • 24c · Other expenses: EQUIPMENT REPAIRS/RENTA

    total $4,625 · management and general $4,625

  • 24e · All other expenses

    total $14,920 · program services $4,695 · management and general $10,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $675,255 · end of year $969,166

  • 2 · Savings and temporary cash investments

    beginning of year $2,034,125 · end of year $3,996,507

  • 3 · Pledges and grants receivable

    beginning of year $775,906 · end of year $1,313,991

  • 4 · Accounts receivable

    beginning of year $177,917 · end of year $258,116

  • 7 · Other notes and loans receivable

    beginning of year $11,449,871 · end of year $12,969,766

  • 9 · Prepaid expenses and deferred charges

    beginning of year $448,802 · end of year $74,585

  • 10a · Land, buildings and equipment: cost or other basis

    $47,627

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,404

  • 10c · Land, buildings and equipment, net

    beginning of year $8,977 · end of year $20,223

  • 11 · Investments: publicly traded securities

    beginning of year $3,192,550 · end of year $2,228,362

  • 14 · Intangible assets

    beginning of year $231,089 · end of year $161,764

  • 17 · Accounts payable and accrued expenses

    beginning of year $177,965 · end of year $140,707

  • 19 · Deferred revenue

    beginning of year $1,709,755 · end of year $503,542

  • 24 · Unsecured notes and loans payable

    beginning of year $4,643,116 · end of year $7,141,861

  • 25 · Other liabilities

    beginning of year $235,757 · end of year $166,620

  • 27 · Net assets without donor restrictions

    beginning of year $3,730,676 · end of year $3,777,396

  • 28 · Net assets with donor restrictions

    beginning of year $8,497,223 · end of year $10,262,354

Mission and programs · 2024

Mission

TO CREATE ECONOMIC OPPORTUNITIES, BUILD PARTNERSHIPS AND STRENGTHEN COMMUNITIES ON THE NORTHWEST SIDE OF MILWAUKEE.

Activities or mission (Part I)

TO PROMOTE ECONOMIC DEVELOPMENT, BUSINESS GROWTH, AND NEIGHBORHOOD REVITALIZATION.

  • ECONOMIC DEVELOPMENT PROGRAM - CAN ENHANCE BUSINESS DEVELOPMENT AND PROVIDE SOME EMPLOYMENT OPPORTUNITIES. CONTRIBUTES TO THE DEVELOPMENT OF MORE ENVIRONMENTALLY SUSTAINABLE NEIGHBORHOODS (CURRENTLY SUPPORTED BY MMSD).

    Expenses $1,765,353 · Grants $794,125

  • BUSINESS AND WORKFORCE DEVELOPMENT - PROVIDES ACCESS TO CAPITAL, BUSINESS GROWTH, EMPLOYMENT, NEIGHBORHOOD RESOURCES & SUSTAINABILITY. AS A RESULT 10 LOANS WERE CLOSED TOTALING $4 MILLION DOLLARS AND CREATION OF 1 FTE AND 4 PTE JOBS FOR OCS SOCIAL ENTERPRISE.

    Expenses $1,166,670 · Grants $209,250 · Revenue $907,201

  • COMMUNITY DEVELOPMENT PROGRAM - CONTRIBUTES MOST TO RESOURCE ACCESS FOR RESIDENTS AND NEIGHBORHOOD STABILITY. COMMUNITY ORGANIZERS PARTNER WITH COMMUNITY ORGANIZATIONS, RESIDENTS, BUSINESSES, CHURCHES, ETC. FOR COMMUNITY ENGAGEMENT OPPORTUNITIES AND SHARING OF COMMUNAL RESOURCES.

    Expenses $174,898 · Revenue $90,164

As filed on the 2024 return.

Listed in Part VII

  • Geoffrey Cooper

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lee Menefee

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Hal Karas

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Hipp

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bryan Gill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Gries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashanti Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bernadette Karanja

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yvonne McCaskill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kirsten Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Watts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendell Willis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Evan Reed

    DIRECTOR (THRU JAN 24)

    Total calculated
    $0
    Hours/week
    1

  • Willie Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $218,536
    From this org
    $208,511
    From related orgs
    $0
    Other
    $10,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,581
    Bonus
    $31,930
    Other
    $0
    Deferred
    $5,150
    Nontaxable benefits
    $4,875
    Filer's total
    $218,536

  • Noel Smith

    CHIEF FINANCIAL OFFICER

    Total calculated
    $25,086
    From this org
    $25,086
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
A DISCRETIONARY BONUS WAS PAID TO THE EXECUTIVE DIRECTOR, WILLIE SMITH. THE BONUS WAS BOARD APPROVED AND IS REPORTED ON PART II, COLUMN (B)(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CARE MGT PLUS HEALTH SERVICES LLC

    $150,000

    WORKING CAPITAL

  • ONE 5 OLIVE LLC

    $109,500

    FHLB FELLOWS PROGRAM AND PROFESSIONAL DEV

  • 1700 PULL UP

    $65,000

    OPERATIONS OVERHEAD/TAX SUPPORT

  • FAVORITES LLC

    $60,000

    ZILBER NEIGHBORHOOD INITIATIVE/BUSINESS SUPPORT

  • CARL WESLEY

    $55,000

    WORKING CAPITAL

  • ACU INSURANCE AGENCY LLC

    $50,000

    EMPLOYEE TRAININGS, MARKETING, ADVERTISING

  • LEAN DESIGN WERKS LLC

    $50,000

    WORKING CAPITAL

  • NORTH AVENUE MARKET LLC

    $45,000

    WORKING CAPITAL

  • US UNIVERSITY PATHWAYS

    $35,000

    HIRE NEW STAFF

  • LES DELICES DE AWA LLC

    $27,500

    WORKING CAPITAL

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NW IMPACT LLC

    TO IMPROVE RESIDENTIAL HOUSING THROUGHOUT NORTHWEST MILWAUKEE · WI · income $0 · assets $0

    Directly controlled by NORTHWEST SIDE COMMUNITY DEVELOPMENT

Provenance

Return type
form_990
Tax year
2024
Filed
25 June 2025
IRS schema version
2024v5.2
Source object
202501829349300530

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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