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Nonprofiteer
← LAYTON BOULEVARD WEST NEIGHBORS INC

Form 990 for tax year 2022

Filed by LAYTON BOULEVARD WEST NEIGHBORS INC.

Totals

Total revenue
$2,373,938
Total expenses
$1,387,423
Contributions and grants received
$2,075,920
Grants paid
$100,873
Program service revenue
$252,832
Investment income
$34,560
Other revenue
$10,626
Total assets, end of year
$5,003,524
Total liabilities, end of year
$1,982,664
Net assets or fund balances, end of year
$3,020,860
Program services expenses (Part IX)
$1,017,003
Management and general expenses
$300,157
Fundraising expenses
$70,263
Program service expenses (Part III)
$1,017,003

Program services were 73.3% 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)

    $483,048

  • 1f · All other contributions, gifts and grants

    $1,592,872

  • 2a · Program service revenue: SALES OF DEVELOPMENT PROPERTIES

    total $140,000 · related or exempt $140,000

  • 2b · Program service revenue: RENTAL INCOME

    total $85,132 · related or exempt $85,132

  • 2c · Program service revenue: CONSULTING FEES

    total $27,700 · related or exempt $27,700

  • 3 · Investment income

    total $34,560 · excluded $34,560

  • 11a · Other revenue: BILLBOARD ADVERTISING

    total $2,850 · unrelated business $2,850

  • 11d · All other revenue

    total $7,776 · excluded $7,776

  • 11e · Other revenue, total

    $10,626

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $100,873 · program services $100,873

  • 5 · Compensation of officers, directors and key employees

    total $100,736 · program services $60,933 · management and general $31,387 · fundraising $8,416

  • 7 · Other salaries and wages

    total $475,588 · program services $287,675 · management and general $148,181 · fundraising $39,732

  • 8 · Pension plan contributions

    total $10,000 · program services $6,049 · management and general $3,116 · fundraising $835

  • 9 · Other employee benefits

    total $52,133 · program services $31,096 · management and general $16,589 · fundraising $4,448

  • 10 · Payroll taxes

    total $41,965 · program services $25,384 · management and general $13,075 · fundraising $3,506

  • 11c · Fees: accounting

    total $49,257 · management and general $49,257

  • 11g · Fees: other

    total $101,425 · program services $82,243 · management and general $16,720 · fundraising $2,462

  • 12 · Advertising and promotion

    total $3,631 · program services $3,322 · management and general $309

  • 13 · Office expenses

    total $32,544 · program services $23,993 · management and general $4,248 · fundraising $4,303

  • 14 · Information technology

    total $19,236 · program services $12,499 · management and general $5,012 · fundraising $1,725

  • 16 · Occupancy

    total $58,052 · program services $47,594 · management and general $6,120 · fundraising $4,338

  • 17 · Travel

    total $2,740 · program services $2,740

  • 19 · Conferences, conventions and meetings

    total $15,290 · program services $12,426 · management and general $2,864

  • 20 · Interest

    total $16,374 · program services $16,374

  • 22 · Depreciation, depletion and amortization

    total $45,139 · program services $43,606 · management and general $1,150 · fundraising $383

  • 23 · Insurance

    total $3,087 · program services $1,472 · management and general $1,500 · fundraising $115

  • 24a · Other expenses: COST OF DEVELOPMENT PRO

    total $231,912 · program services $231,912

  • 24b · Other expenses: REDEVELOPMENT

    total $17,211 · program services $17,196 · management and general $15

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,149 · program services $1,535 · management and general $614

  • 24e · All other expenses

    total $8,081 · program services $8,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,587 · end of year $397,532

  • 2 · Savings and temporary cash investments

    beginning of year $930,295 · end of year $777,642

  • 3 · Pledges and grants receivable

    beginning of year $66,040 · end of year $738,944

  • 4 · Accounts receivable

    beginning of year $531,490 · end of year $551,765

  • 7 · Other notes and loans receivable

    beginning of year $1,122,129 · end of year $1,107,725

  • 8 · Inventories for sale or use

    beginning of year $409,692 · end of year $645,930

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

    $1,204,254

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

    $449,985

  • 10c · Land, buildings and equipment, net

    beginning of year $735,431 · end of year $754,269

  • 13 · Investments: program-related

    beginning of year $18,322 · end of year $18,305

  • 15 · Other assets

    beginning of year $0 · end of year $11,412

  • 17 · Accounts payable and accrued expenses

    beginning of year $350,549 · end of year $432,113

  • 23 · Secured mortgages and notes payable

    beginning of year $505,985 · end of year $446,746

  • 25 · Other liabilities

    beginning of year $1,086,107 · end of year $1,103,805

  • 27 · Net assets without donor restrictions

    beginning of year $1,770,271 · end of year $2,115,726

  • 28 · Net assets with donor restrictions

    beginning of year $264,074 · end of year $905,134

Mission and programs · 2022

Mission

SEE SCHEDULE O.

  • AFFORDABLE DEVELOPMENT PROJECTS: VIA CDC PURCHASES AND RENOVATES COMMERCIAL AND RESIDENTIAL PROPERTIES TO STABILIZE THE NEIGHBORHOOD, CREATE A CATALYTIC IMPACT, AND SPUR ADDITIONAL INVESTMENTS. VACANT, BLIGHTED, AND/OR FORECLOSED PROPERTIES ARE TRANSFORMED INTO TURNKEY HOMES FOR OWNER OCCUPANTS AND RENT-TO-OWN OPPORTUNITIES FOR FAMILIES OR BUSINESSES. BUILDINGS THAT SUPPORT PEOPLE ARE ESSENTIAL TO A GOOD QUALITY OF LIFE IN ANY COMMUNITY.

    Expenses $444,944 · Revenue $252,832

  • ECONOMIC DEVELOPMENT: THIS PROGRAM WORKS TOWARDS EQUITY IN ECONOMIC DEVELOPMENT BY ENSURING THAT NEIGHBORHOODS HAVE ACCESS TO QUALITY BUSINESSES AND THAT NEIGHBORHOOD ENTREPRENEURS HAVE ACCESS TO THE SAME OPPORTUNITIES AND RESOURCES AS ENTREPRENEURS THAT ARE HISTORICALLY AND SYSTEMICALLY POISED FOR BUSINESS SUCCESS. PLANNING, TECHNICAL ASSISTANCE AND CONNECTIONS TO FACADE GRANTS OR OTHER RESOURCES ALL SUPPORT THE SUCCESS OF EXISTING BUSINESSES AND BUILD THE CAPACITY OF NEIGHBORHOOD ENTREPRENEURS IN GROWING OR STARTING A BUSINESS. INCREASING ECONOMIC VITALITY IN THE DISTRICTS AND BUILDING COMMUNITY WEALTH ARE ESSENTIAL IN IMPROVING A COMMUNITY'S QUALITY OF LIFE.

    Expenses $225,216 · Grants $46,734

  • COMMUNITY BUILDING AND LEADERSHIP DEVELOPMENT: THIS PROGRAM CULTIVATES GRASSROOTS COMMUNITY LEADERS AND CONNECTS THEM TO ONE ANOTHER TO SUSTAIN A STRONG, HEALTHY NEIGHBORHOOD. VIA CDC FOSTERS OPPORTUNITIES FOR NEIGHBORS AS BOTH DECISION-MAKERS AND ACTIVE PARTICIPANTS IN NEIGHBORHOOD CHANGE AND CONTINUOUS IMPROVEMENT OF THE QUALITY OF LIFE IN THE COMMUNITY.

    Expenses $191,305 · Grants $1,997

  • HOUSING OUTREACH: THIS PROGRAM BUILDS ON THE STRENGTHS OF NEIGHBORHOOD PRIDE AND THE BEAUTIFUL BUT AGING HISTORIC HOUSING STOCK IN OUR NEIGHBORHOODS. VIA CDC ADMINISTERS GRANTS AND CONNECTS PEOPLE TO OTHER RESOURCES SO THAT ALL CAN REACH THEIR HOUSING GOALS, RANGING FROM PURCHASING TO REPAIRING TO RENTING TO KEEPING A HOME. HEALTHY HOUSING IS VITAL FOR IMPROVING QUALITY OF LIFE IN ANY COMMUNITY.

    Expenses $155,538 · Grants $52,142

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARJORIE RUCKER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KIMBER SIMOS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RAUL GUTIERREZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOE LAMERS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARLENE CASTILLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEJANDRA GONZALEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VALERIE JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN JUAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SISTER MAUREEN MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PA SPONCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PEDRO HERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIANNA SAS-PEREZ

    EXECUTIVE DIRECTOR (THRU APRIL 2022)

    Total calculated
    $32,067
    From this org
    $25,697
    From related orgs
    $0
    Other
    $6,370
    Hours/week
    40

  • JOANNA BAUTCH

    EXECUTIVE DIRECTOR (FROM MARCH 2022)

    Total calculated
    $68,669
    From this org
    $63,760
    From related orgs
    $0
    Other
    $4,909
    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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • 3500 WEST NATIONAL AVENUE LLC

    DEVELOPMENT AND IMPROVEMENT OF 3500 WEST NATIONAL AVENUE · WI · income $168,774 · assets $442,186

    Directly controlled by LAYTON BOULEVARD WEST NEIGHBORS INC

  • SUSTAINABLE DEVELOPMENT LLC

    REHABILITATE VACANT, BLIGHTED HOMES FOR SALE TO OWNER OCCUPANTS · WI · income $707,880 · assets $1,090,140

    Directly controlled by LAYTON BOULEVARD WEST NEIGHBORS INC

  • 3514 WEST NATIONAL AVENUE LLC

    DEVELOPMENT AND IMPROVEMENT OF 3514 WEST NATIONAL AVENUE · WI · income $39,428 · assets $388,785

    Directly controlled by LAYTON BOULEVARD WEST NEIGHBORS INC

  • LBWN RED LLC

    DEVELOPMENT OF PROPERTY FOR NEIGHBORHOOD REVITALIZATION. · WI · income $53 · assets $191,371

    Directly controlled by LAYTON BOULEVARD WEST NEIGHBORS INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LAYTON BOULEVARD WEST NEIGHBORS SM INC

    C · TO DEVELOP AND IMPROVE PROPERTY · WI · 100% owned · share of income $25,585 · share of assets $29,023 · controlled entity

    Directly controlled by LAYTON BOULEVARD WEST NEIGHBORS INC

Provenance

Return type
form_990
Tax year
2022
Filed
30 August 2023
IRS schema version
2022v5.0
Source object
202322439349301032

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