Form 990 for tax year 2022
Filed by HAVENWOODS ECONOMIC DEVELOPEMENT CORP.
Totals
- Total revenue
- $493,281
- Total expenses
- $351,441
- Contributions and grants received
- $491,642
- Grants paid
- $0
- Program service revenue
- $1,639
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $349,999
- Total liabilities, end of year
- $23,137
- Net assets or fund balances, end of year
- $326,862
- Program services expenses (Part IX)
- $267,039
- Management and general expenses
- $74,710
- Fundraising expenses
- $9,692
- Program service expenses (Part III)
- $267,039
Program services were 76.0% 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)
$321,704
-
1f · All other contributions, gifts and grants
$169,938
-
2a · Program service revenue: HEDC PROGRAMS
total $1,639 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $82,692 · program services $33,077 · management and general $41,346 · fundraising $8,269
-
7 · Other salaries and wages
total $151,335 · program services $151,335 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $2,235 · program services $1,783 · management and general $376 · fundraising $76
-
9 · Other employee benefits
total $15,169 · program services $12,093 · management and general $2,563 · fundraising $513
-
10 · Payroll taxes
total $17,598 · program services $13,867 · management and general $3,109 · fundraising $622
-
11c · Fees: accounting
total $6,397 · program services $0 · management and general $6,397 · fundraising $0
-
11g · Fees: other
total $10,015 · program services $2,265 · management and general $7,750 · fundraising $0
-
13 · Office expenses
total $29,039 · program services $17,698 · management and general $11,334 · fundraising $7
-
19 · Conferences, conventions and meetings
total $4,846 · program services $4,846 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $6,061 · program services $4,832 · management and general $1,024 · fundraising $205
-
24a · Other expenses: PROGRAM EXPENSE
total $25,236 · program services $25,236 · management and general $0 · fundraising $0
-
24b · Other expenses: OTHER
total $818 · program services $7 · management and general $811 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $130,697 · end of year $201,187
-
3 · Pledges and grants receivable
beginning of year $76,428 · end of year $139,982
-
4 · Accounts receivable
beginning of year $1,711 · end of year $5,641
-
9 · Prepaid expenses and deferred charges
beginning of year $4,307 · end of year $3,189
-
10a · Land, buildings and equipment: cost or other basis
$7,658
-
10b · Land, buildings and equipment: accumulated depreciation
$7,658
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $28,121 · end of year $23,137
-
27 · Net assets without donor restrictions
beginning of year $185,022 · end of year $306,862
-
28 · Net assets with donor restrictions
end of year $20,000
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS TO REVITALIZE THE NORTHWEST SIDE OF THE CITY OF MILWAUKEE.
Activities or mission (Part I)
HAVENWOODS ECONOMIC DEVELOPMENT CORPORATION IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION THAT ACTIVELY CONTRIBUTES TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL
-
HAVENWOODS ECONOMIC DEVELOPMENT CORPORATION IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION THAT ACTIVELY CONTRIBUTES TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REVITALIZATION EFFORTS IN HAVENWOODS.
Expenses $267,039 · Revenue $1,639
As filed on the 2022 return.
Listed in Part VII
-
STEPHANIE HARLING
EXECUTIVE DIRECTOR
- Total calculated
- $72,007
- From this org
- $72,007
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
STEVEN HENTZEN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES BARTOS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
VERA FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
YULI HER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHARON JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BARBARA THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANGELA WALTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PASTOR CHRISTIAN WINKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 4 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349307680
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