Layton Boulevard West Neighbors Inc
- Assets
- $4.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 12/2020
- 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 12/2021, 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 12/2020, Layton Boulevard West Neighbors Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 AN ESSENTIAL COMPONENT OF A GOOD QUALITY OF LIFE IN ANY COMMUNITY.
COMMUNITY BUILDING AND LEADERSHIP DEVELOPMENT: THIS PROGRAM CULTIVATES GRASSROOTS COMMUNITY LEADERS AND CONNECTS THEM TO ONE ANOTHER IN ORDER 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.
ECONOMIC DEVELOPMENT: THIS PROGRAM WORKS TOWARDS EQUITY IN ECONOMIC DEVELOPMENT BY ENSURING THAT THESE NEIGHBORHOODS HAVE ACCESS TO QUALITY BUSINESSES, AND THAT NEIGHBORHOOD ENTREPRENEURS HAVE ACCESS TO THE SAME OPPORTUNITIES AND RESOURCES AS ENTREPRENEURS THAT ARE HISTORICALLY, 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 NEIGHBORHOODS AND BUILDING COMMUNITY WEALTH ARE IMPORTANT PIECES TO IMPROVING QUALITY OF LIFE.
HOUSING REHABILITATION AND OWNERSHIP: THIS PROGRAM ENSURES THE AVAILABILITY AND ACCESSIBILITY OF AFFORDABLE, SAFE AND BEAUTIFUL HOUSING FOR ALL PEOPLE. THIS PROGRAM BUILDS ON THE STRENGTHS OF NEIGHBORHOOD PRIDE AND A BEAUTIFUL, BUT AGING, HISTORIC HOUSING STOCK. 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 ANOTHER COMPONENT FOR IMPROVED QUALITY OF LIFE IN ANY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brianna Sas-Perez Executive Director | Officer | 55 | $78,738 |
Rudy Gutierrez Secretary/treasurer | OfficerTrustee | 1 | $0 |
Marjorie Rucker Chair | OfficerTrustee | 1 | $0 |
Pedro Hernandez Director | Trustee | 1 | $0 |
Marlene Castillo Director | Trustee | 1 | $0 |
Alejandra Gonzalez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $784,050 |
| Investment income | $47,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,560 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,073,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $88,555 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,305 |
| Pension plan accruals and contributions | $11,732 |
| Other employee benefits | $45,612 |
| Payroll taxes | $36,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,506 |
| Advertising and promotion | $1,095 |
| Office expenses | $32,056 |
| Information technology | $15,938 |
| Royalties | $0 |
| Occupancy | $57,080 |
| Travel | $1,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,525 |
| Interest | $21,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,021 |
| Insurance | $2,823 |
| All other expenses | $0 |
| Total functional expenses | $1,193,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,918 |
| Savings and temporary cash investments | $908,833 |
| Pledges and grants receivable | $169,526 |
| Accounts receivable, net | $501,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,211,090 |
| Inventories for sale or use | $342,381 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $18,339 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,960,695 |
| Accounts payable and accrued expenses | $290,395 |
| 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 | $563,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,125,752 |
| Total liabilities | $1,980,098 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,980,597 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Layton Boulevard West Neighbors Inc has recieved totaling $548,895.
| Awarding Organization | Amount |
|---|---|
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI PURPOSE: COMMUNITY ECONOMIC AND HOUSING PROGRAMS | $320,000 |
National Association For Latino Community Asset Builders San Antonio, TX PURPOSE: Small Business | $105,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $50,000 |
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $40,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $16,889 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Three Rivers Community Action Inc Zumbrota, MN | $34,597,275 | $14,786,149 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |