Northwest Side Community Development Corporation
- Assets
- $11.1m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Milwaukee, WI
- Founding
- 06/1984
- Data as of
- 12/2021
- EIN
- 39-1478014
Organization Overview
Northwest Side Community Development Corporation is located in Milwaukee, WI. The organization was established in 1984. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Northwest Side Community Development Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Side Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Northwest Side Community Development Corporation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 12.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT, BUSINESS GROWTH, AND NEIGHBORHOOD REVITALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS AND WORKFORCE DEVELOPMENT - PROVIDES ACCESS TO CAPITAL, BUSINESS GROWTH, EMPLOYMENT, NEIGHBORHOOD RESOURCES & SUSTAINABILITY. AS A RESULT 13 LOANS WERE CLOSED TOTALING $4.7 MILLION DOLLARS AND CREATION OF 29 JOBS
COMMUNITY DEVELOPMENT PROGRAM - CONTRIBUTES MOST TO RESOURCE ACCESS FOR RESIDENTS AND NEIGHBORHOOD STABILITY. COMMUNITY ORGANIZERS PARTNER WITH COMMUNITY ORGANIZATIONS, RESIDENTS, BUSINESSES, CURCHES, ETC FOR COMMUNITY ENGAGEMENT OPPORTUNITIES AND SHARING OF COMMUNAL RESOURCES
ECONOMIC DEVELOPMENT PROGRAM - CAN ENHANCE BUSINESS DEVELOPMENT, PROVIDE SOME EMPLOYMENT OPPORTUNITIES. CONTRIBUTES TO DEVELOPMENT OF MORE ENVIRONMENTALLY SUSTAINABLE NEIGHBORHOODS (CURRENTLY SUPPOSRTED BY MMSD)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Smith Executive Director | Officer | 40 | $157,537 |
Kirsten Thompson President | OfficerTrustee | 1 | $0 |
Bernadette Karanja Vice President | OfficerTrustee | 1 | $0 |
Steve Hipp Secretary | OfficerTrustee | 1 | $0 |
Hal Karas Treasurer | OfficerTrustee | 1 | $0 |
Heather Baylor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,569,949 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,353,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,923,033 |
| Total Program Service Revenue | $300,146 |
| Investment income | $19,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,254,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $189,151 |
| Compensation of current officers, directors, key employees. | $36,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $595,286 |
| Pension plan accruals and contributions | $22,945 |
| Other employee benefits | $99,989 |
| Payroll taxes | $58,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,507 |
| Fees for services: Accounting | $93,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,926 |
| Advertising and promotion | $6,658 |
| Office expenses | $24,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,221 |
| Travel | $5,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,125 |
| Interest | $12,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,335 |
| Insurance | $7,566 |
| All other expenses | $20,384 |
| Total functional expenses | $1,935,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,907 |
| Savings and temporary cash investments | $912,706 |
| Pledges and grants receivable | $102,133 |
| Accounts receivable, net | $139,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,437,476 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,472 |
| Net Land, buildings, and equipment | $15,261 |
| Investments—publicly traded securities | $4,021,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,140,702 |
| Accounts payable and accrued expenses | $117,403 |
| Grants payable | $0 |
| Deferred revenue | $274,895 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,590,000 |
| Other liabilities | $0 |
| Total liabilities | $1,982,298 |
| Net assets without donor restrictions | $3,602,962 |
| Net assets with donor restrictions | $5,555,442 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,140,702 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Northwest Side Community Development Corporation has recieved totaling $737,702.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: CBFC EMERGENCY FUND | $500,000 |
Center For Community Self-Help Durham, NC PURPOSE: Charitable Lending | $100,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: EARLY CHILDHOOD EDUCATION SMALL BUSINESS SUPPORT | $50,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: EARLY CHILDHOOD EDUCATION SMALL BUSINESS SUPPORT | $50,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $10,660 |
Rails To Trails Conservancy Washington, DC PURPOSE: TRAIL DEVELOPMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Humans First Detroit Detroit, MI | $6,650,332 | $4,303,626 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Warren-Conner Development Coalition Inc Detroit, MI | $1,694,673 | $3,249,362 |