Layton Boulevard West Neighbors Inc
- Assets
- $4.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 39-1817581
Organization Overview
Layton Boulevard West Neighbors Inc is located in Milwaukee, WI. The organization was established in 1946. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Layton Boulevard West Neighbors Inc employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Layton Boulevard West Neighbors Inc 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, Layton Boulevard West Neighbors Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 4.9% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
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.
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Bautch Executive Director | Officer | 40 | $82,898 |
Marjorie Rucker Chair | OfficerTrustee | 1 | $0 |
Kimber Simos Vice Chair | OfficerTrustee | 1 | $0 |
Raul Gutierrez Secretary | OfficerTrustee | 1 | $0 |
Joe Lamers Treasurer | OfficerTrustee | 1 | $0 |
Marlene Castillo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $572,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,110,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,683,401 |
| Total Program Service Revenue | $734,965 |
| Investment income | $60,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,470,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $114,786 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,231 |
| Compensation of current officers, directors, key employees. | $26,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,776 |
| Pension plan accruals and contributions | $9,804 |
| Other employee benefits | $64,396 |
| Payroll taxes | $45,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,964 |
| Advertising and promotion | $4,102 |
| Office expenses | $41,080 |
| Information technology | $13,936 |
| Royalties | $0 |
| Occupancy | $64,335 |
| Travel | $4,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,552 |
| Interest | $14,131 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,313 |
| Insurance | $8,752 |
| All other expenses | $2,906 |
| Total functional expenses | $2,449,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,227 |
| Savings and temporary cash investments | $1,474,593 |
| Pledges and grants receivable | $164,887 |
| Accounts receivable, net | $556,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,107,725 |
| Inventories for sale or use | $119,069 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $629,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $18,289 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,648,010 |
| Accounts payable and accrued expenses | $398,343 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $291,032 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $917,200 |
| Total liabilities | $1,606,575 |
| Net assets without donor restrictions | $2,797,605 |
| Net assets with donor restrictions | $243,830 |
| 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 | $4,648,010 |