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← CUPED CORPORATION

Form 990 for tax year 2024

Filed by CUPED CORPORATION.

Totals

Total revenue
$578,391
Total expenses
$258,812
Contributions and grants received
$410,000
Grants paid
$0
Program service revenue
$60,374
Investment income
$73,017
Other revenue
$35,000
Total assets, end of year
$9,825,167
Total liabilities, end of year
$4,951,915
Net assets or fund balances, end of year
$4,873,252
Program services expenses (Part IX)
$245,914
Management and general expenses
$12,898
Fundraising expenses
$0
Program service expenses (Part III)
$245,914

Program services were 95.0% 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.

  • 1f · All other contributions, gifts and grants

    $410,000

  • 2a · Program service revenue: LOAN ADMIN FEES

    total $60,374 · related or exempt $60,374

  • 3 · Investment income

    total $73,017 · excluded $73,017

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $35,000 · related or exempt $35,000

  • 11e · Other revenue, total

    $35,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,200 · management and general $12,200

  • 11g · Fees: other

    total $23,100 · program services $23,100

  • 13 · Office expenses

    total $658 · management and general $658

  • 24a · Other expenses: SACRED SPACES SUPPORT

    total $157,814 · program services $157,814

  • 24b · Other expenses: PROJECT EXPENSES

    total $65,000 · program services $65,000

  • 24c · Other expenses: OTHER EXPENSES

    total $40 · management and general $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,021

  • 4 · Accounts receivable

    beginning of year $1,394,544 · end of year $631,650

  • 7 · Other notes and loans receivable

    beginning of year $5,616,018 · end of year $9,193,517

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,000 · end of year $27,006

  • 23 · Secured mortgages and notes payable

    beginning of year $2,449,910 · end of year $4,924,909

  • 27 · Net assets without donor restrictions

    beginning of year $4,553,673 · end of year $4,873,252

Mission and programs · 2024

Mission

CUPED'S PRIMARY ACTIVITY IS PROVIDING SAFE AND AFFORDABLE HOUSING FOR INDIVIDUALS AND FAMILIES WITH LOW TO MODERATE INCOMES.

  • CUPED'S PRIMARY ACTIVITY IS PROVIDING SAFE AND AFFORDABLE HOUSING FOR INDIVIDUALS AND FAMILIES WITH LOW TO MODERATE INCOMES. ALL OF THE APARTMENT UNITS MAINTAINED A CONSISTENT OCCUPANCY PERCENTAGE.

    Expenses $88,100 · Revenue $95,374

  • SCARED SPACES SUPPORT (DEVELOPMENT COSTS/PROJECT SUPPORT)TO ACCOMPLISH ITS GOALS, CUPED CURRENTLY PLANS TO:-IDENTIFY DEVELOPMENT AND REDEVELOPMENT PROJECTS AND OPPORTUNITIES (E.G., AFFORDABLE HOUSING, EMPLOYMENT AND JOB SKILLS TRAINING, REHABILITATION OF HOUSING AND COMMERCIAL BUILDINGS, AND BEAUTIFICATION) IN URBAN AREAS THAT HAVE BEEN DESIGNATED AS "BLIGHTED" BY THE CITY OF MILWAUKEE AND/OR OTHER COMMUNITIES IN WHICH CUPED OPERATES;-PREPARE MARKET FEASIBILITY AND PREDEVELOPMENT STUDIES, ARCHITECTURAL RENDERINGS AND SURVEYS FOR DEVELOPMENT AND REDEVELOPMENT PROJECTS DESIGNED TO RETAIN AND/OR ATTRACT RESIDENTS, BUSINESSES AND EMPLOYERS TO BLIGHTED URBAN NEIGHBORHOODS; AND-SOLICIT PUBLIC AND PRIVATE FUNDING, SPONSORS, COMMUNITY PARTNERS, AND SUPPORT FOR THE DEVELOPMENT AND REDEVELOPMENT PROJECTS THROUGH COMMUNITY FORUMS, GRANT APPLICATIONS, AND PRESENTATIONS TO COMMUNITY AND BUSINESS LEADERS.

    Expenses $157,814

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melissa Allen

    EXEC DIR./PRES

    Total calculated
    $0
    Hours/week
    10

  • Joanne Sabir

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Angela Damiani

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Maggie Beckley

    TREASURER

    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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349311414

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