Northwest Side Community Development Corporation
- Assets
- $19.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Milwaukee, WI
- Founding
- 06/1984
- Data as of
- 12/2023
- 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 12/2023, Northwest Side Community Development Corporation employed 12 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 12/2023, Northwest Side Community Development Corporation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 16.0% per year over the past 8 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.
Since 2022, Northwest Side Community Development Corporation has awarded 64 individual grants totaling $3,149,554. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
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).
BUSINESS AND WORKFORCE DEVELOPMENT - PROVIDES ACCESS TO CAPITAL, BUSINESS GROWTH, EMPLOYMENT, NEIGHBORHOOD RESOURCES & SUSTAINABILITY. AS A RESULT 12 LOANS WERE CLOSED TOTALING $3.448 MILLION DOLLARS AND CREATION OF 22 FTE AND 23 PTE JOBS FOR OCS SOCIAL ENTERPRISE.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernadette Karanja President | OfficerTrustee | 1 | $0 |
Geoffrey Cooper Vice President | OfficerTrustee | 1 | $0 |
Hal Karas Treasurer | OfficerTrustee | 1 | $0 |
Steve Hipp Secretary | OfficerTrustee | 1 | $0 |
Heather Baylor Director | Trustee | 1 | $0 |
Bryan Gill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,431,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,862,162 |
| Total Program Service Revenue | $675,175 |
| Investment income | $117,522 |
| 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 | $5,654,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,140,000 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,862 |
| Compensation of current officers, directors, key employees. | $26,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $725,828 |
| Pension plan accruals and contributions | $18,049 |
| Other employee benefits | $100,043 |
| Payroll taxes | $72,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,980 |
| Fees for services: Accounting | $115,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $567,091 |
| Advertising and promotion | $23,843 |
| Office expenses | $15,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,660 |
| Travel | $47,154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,964 |
| Interest | $186,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,097 |
| Insurance | $8,582 |
| All other expenses | $5,230 |
| Total functional expenses | $3,480,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,255 |
| Savings and temporary cash investments | $2,034,125 |
| Pledges and grants receivable | $775,906 |
| Accounts receivable, net | $177,917 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,449,871 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $448,802 |
| Net Land, buildings, and equipment | $8,977 |
| Investments—publicly traded securities | $3,192,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $231,089 |
| Other assets | $0 |
| Total assets | $18,994,492 |
| Accounts payable and accrued expenses | $177,965 |
| Grants payable | $0 |
| Deferred revenue | $1,709,755 |
| 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 | $4,643,116 |
| Other liabilities | $235,757 |
| Total liabilities | $6,766,593 |
| Net assets without donor restrictions | $3,730,676 |
| Net assets with donor restrictions | $8,497,223 |
| 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 | $18,994,492 |
Grants Awarded
Over the last fiscal year, Northwest Side Community Development Corporation has awarded $1,122,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
GH MIDTOWN INC PURPOSE: PAY-OFF CREDITOR - LITTLE CRAWLERS | $200,000 |
ENCORE CLEANING SYSTEMS LLC PURPOSE: PAY-OFF CREDITOR - LITTLE CRAWLERS | $140,000 |
JUNIOR FOODS PURPOSE: PAY-OFF CREDITOR - LITTLE CRAWLERS | $100,000 |
NANA'S COZY CORNER INC PURPOSE: INJECTION -PAY DOWN LOAN | $85,000 |
PRESENT POWER SYSTEMS LLC PURPOSE: WORKING CAPITAL | $80,000 |
UNITEMKE INCUNITE WI PURPOSE: RENOVATIONS AND WHITE BOXING | $50,000 |