2024-09-09T14:13:16-05:00 2023-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2023-01-01 391478014 NORTHWEST SIDE COMMUNITY DEVELOPMENT CORPORATION NORT 4144478230 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 WILLIE SMITH EXECUTIVE DIRECTOR 4144478230 2024-09-09 1 0 SOLOMON MARDAKHAEV P01806552 6105653930 2024-09-09 2023 2024-08-08 14:25:15Z WILLIE SMITH 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 5654859 0 X WWW.NWSCDC.ORG X 1983 WI TO PROMOTE ECONOMIC DEVELOPMENT, BUSINESS GROWTH, AND NEIGHBORHOOD REVITALIZATION. 16 16 12 21 0 0 4309101 4862162 467389 675175 23762 117522 0 0 4800252 5654859 2037554 1155000 0 0 1018260 1132519 0 0 387132 849256 1193027 3905070 3480546 895182 2174313 15350170 18994492 5296584 6766593 10053586 12227899 TO CREATE ECONOMIC OPPORTUNITIES, BUILD PARTNERSHIPS AND STRENGTHEN COMMUNITIES ON THE NORTHWEST SIDE OF MILWAUKEE. 0 0 1805010 1155000 0 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). 577972 0 606281 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. 307098 0 68894 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. 2690080 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X WILLIE SMITH 4144478230 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 BERNADETTE KARANJA PRESIDENT 1.00 X X 0 0 0 GEOFFREY COOPER VICE PRESIDENT 1.00 X X 0 0 0 HAL KARAS TREASURER 1.00 X X 0 0 0 STEVE HIPP SECRETARY 1.00 X X 0 0 0 HEATHER BAYLOR DIRECTOR 1.00 X 0 0 0 BRYAN GILL DIRECTOR 1.00 X 0 0 0 REBECCA GRIES DIRECTOR 1.00 X 0 0 0 ASHANTI HAMILTON DIRECTOR 1.00 X 0 0 0 YVONNE MCCASKILL DIRECTOR 1.00 X 0 0 0 LEE MENEFEE DIRECTOR 1.00 X 0 0 0 EVAN REED DIRECTOR 1.00 X 0 0 0 VINCENT RICE DIRECTOR 1.00 X 0 0 0 KIRSTEN THOMPSON DIRECTOR 1.00 X 0 0 0 MARIA WATTS DIRECTOR 1.00 X 0 0 0 WENDELL WILLIS DIRECTOR 1.00 X 0 0 0 RONALD WILLIAMSON DIRECTOR 1.00 X 0 0 0 WILLIE SMITH EXECUTIVE DIRECTOR 40.00 X 189513 0 11397 189513 0 11397 1 0 1 0 FORETHOUGHT ADVISORS LLC 1730 M STREET NW SUITE 502 WASHINGTON DC 20036 GOVERNMENT CONSULTING 195000 1 4431000 431162 4862162 LOAN INTEREST & CLOSING FEES 522291 606281 606281 FEES FOR SERVICES 611430 68894 68894 675175 117522 117522 5654859 675175 0 117522 X 1140000 1140000 15000 15000 215862 173372 26662 15828 725828 583605 89147 53076 18049 13916 2591 1542 100043 80377 12830 6836 72737 58333 9496 4908 79980 22435 57545 115148 82156 25517 7475 567091 261823 18963 286305 23843 21190 2653 15293 11600 3127 566 97660 78346 12219 7095 47154 37060 9217 877 20964 15990 4124 850 186856 186856 4097 3335 468 294 8582 5280 2824 478 SUBSCRIPTIONS 29213 7665 20798 750 EQUIPMENT REPAIRS/RENTA 6717 1700 5017 BAD DEBTS -14801 72699 -87500 5230 4198 780 252 3480546 2690080 403334 387132 110583 675255 1617447 2034125 184555 775906 174643 177917 8330895 11449871 106150 448802 42207 33230 7551 8977 4519422 3192550 298924 231089 15350170 18994492 134026 177965 524093 1709755 4638465 4643116 0 235757 5296584 6766593 X 3283359 3730676 6770227 8497223 10053586 12227899 15350170 18994492 2174313 0 X 0 1 X 1 1 1 X 1332614 1310022 3923033 4309101 4862162 15736932 1332614 1310022 3923033 4309101 4862162 15736932 312484 15424448 18795 20997 19878 23762 117522 200954 15937886 1824143 0.96780 0.96680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42207 33230 8977 8977 LEASE LIABILITY OBLIGATION 235757 235757 X 5654859 0 5654859 0 5654859 3480546 0 3480546 0 3480546 PART X, LINE 2: THE ORGANIZATION HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTER SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURES REQUIRED. MANAGEMENT OF THE ORGANIZATION EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD RESULT IN MATERIAL CHANGE TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 GH MIDTOWN INC 8940 N REGENT RS MILWAUKEE WI 53217 061668208 200000 0 PAY-OFF CREDITOR - LITTLE CRAWLERS ENCORE CLEANING SYSTEMS LLC PO BOX 091134 MILWAUKEE WI 53209 680646757 140000 0 PAY-OFF CREDITOR - LITTLE CRAWLERS JUNIOR FOODS 4782 N HOPKINS ST MILWAUKEE WI 53209 832390512 100000 0 PAY-OFF CREDITOR - LITTLE CRAWLERS NANA'S COZY CORNER INC 4006 N 42ND ST MILWAUKEE WI 53216 261795379 85000 0 INJECTION -PAY DOWN LOAN PRESENT POWER SYSTEMS LLC 4201 N 27TH ST 2ND FL MILWAUKEE WI 53216 815226366 80000 0 WORKING CAPITAL UNITEMKE INCUNITE WI 1433 N WATER ST STE 400 MILWAUKEE WI 53202 814652827 50000 0 RENOVATIONS AND WHITE BOXING A&A TRANSPORTATION 4057 N MAYFAIR RD WAUWATOSA WI 53222 851012301 50000 0 WORKING CAPITAL, INVENTORY, MARKETING WEST ALLIS CENTER OFR EARLY EDUCATION 11112 W NATIONAL AVE WEST ALLIS WI 53227 871632023 50000 0 MARKERTING, TRAINING, EQUIPMENT PURCHASES JC MANAGEMENT GROUP LLC 524 N WATER ST MILWAUKEE WI 53202 932229223 40000 0 WORKING CAPITAL JB ENTERPRISES SC 10850 W PARK PLACE STE 560 MILWAUKEE WI 53224 364826334 20000 0 PAYROLL, RENT, SUPPLIES FIYAHSIDE LLC 3709 W VILLARD AVE MILWAUKEE WI 53209 813267353 20000 0 PAYROLL, OPERATIONS & SALES MANAGEMENT AND DEVELOPMENT FUNDBOX 6900 DALLAS PRKWY STE 700 PLANO TX 75024 17000 0 WORKING CAPITAL CROSS RIVER BANK 885 TEANECK RD TEANECK NJ 07666 261942598 10000 0 STORE REMODEL, INVENTORY, SEASONAL EMPLOYMENT COLLIERS TRAINING INSTITUE INC 3328 W VILLARD AVE STE A MILWAUKEE WI 53209 821166984 10000 0 PURCHASE EQUIPMENT, MAINTENANCE ON EXISTING EQUIPMENT ONE CONSULTING AND CONTRACT SERVICES LLC 2325 N 50TH ST 4 MILWAUKEE WI 53210 862299694 10000 0 EQUPIMENT PURCHASE TURNING TABLES INC 1034 N VEL R PHILLIPS MILWAUKEE WI 53203 874445819 10000 0 WORKING CAPITAL LOVE'S LOUNGE LLC 201 W MITCHELL ST MILWAUKEE WI 53204 874456628 10000 0 EQUITY INJECTION FOR EXISTING BUSINESS LOAN, DOWNPAYMENT ASSISTANCE FOR BUILDING PURCHASE BROKELIFE LLC 719 N MILWAUKEE ST MILWAUKEE WI 53202 834060469 10000 0 WORKING CAPITAL, EQUIPMENT PURCHASE GETTING TO THE HEART LLC 4025 N 94TH ST MILWAUKEE WI 53222 922628400 10000 0 MARKETING, RENT, UTILITIES, SUPPLIES, INVENTORY VENDOR CARE SERVICES LLC 3353 S SUNNY SLOPE RD NEW BERLIN WI 53151 824278708 10000 0 EQUIPMENT, ONLINE ADVERTISING, TRAINING CB MARKETING LLC 777 N JEFFERSON STE 408 MILWAUKEE WI 53202 923025638 10000 0 WORKING CAPITAL DUNLAP AND SPENCER TRUCKING LLC 2929 S 48TH ST MILWAUKEE WI 53209 932247642 10000 0 WORKING CAPITAL, ADVERTISING, VEHICLE REPAIRS L'SHAY NIKKOL BEAUTY LLC 1834 W WISCONSIN MILWAUKEE WI 53233 853805627 10000 0 PAYROLL, VENDOR FEES, SUPPLIES INC REALTY LLC PO BOX 242446 MILWAUKEE WI 53224 851192635 10000 0 PAYROLL, TECHNOLOGY SYSTEMS, MARKETING CYBAR & GRILL INC 1345 N JEFFERSON 464 MILWAUKEE WI 53202 812409484 10000 0 WORKING CAPITAL REVITALIZE BODY SHOP 8040 N 76TH ST MILWAUKEE WI 53223 824794137 10000 0 WORKING CAPITAL, PAYROLL, INVENTORY, IMPROVEMENTS WILBORN TRUCKING LLC 5281 N 73RD ST MILWAUKEE WI 53218 882603677 10000 0 PAYROLL HUGS AND TUGS FAMILY CHILDCARE LLC 4761 N 57TH ST MILWAUKEE WI 53218 862093176 10000 0 PAYROLL HERE 4 U CLEANING LLC 3836 N 24TH PLACE MILWAUKEE WI 53206 851969650 10000 0 TO SUPPORT BUSINESS EXPANSION, LOOKING TO BRING ON NEW STAFF ITSJESS THAVIBE LLC 3836A N 24TH PL MILWAUKEE WI 53206 921977758 10000 0 WORKING CAPITAL FIRSTEP INVESTMENT GROUP LLC 14355 W PARK AVE NEW BERLIN WI 53151 920542883 7500 0 WORKING CAPITAL TRUBRO LOGISTICS LLC 7025 N 42ND ST MILWAUKEE WI 53209 853247938 7500 0 TO SUPPORT BUSINESS EXPANSION, ADDING NEW PRODUCT: ICE CREAM FIRSTEP ENTERPRISE LLC 14355 W PARK AVE NEW BERLIN WI 53151 920530513 7500 0 INVENTORY, SUPPLIES, WORKING CAPITAL THE ELLEVATE COLLECTIVE LLC 10815 W FIEBRANTZ AVE WAUWATOSA WI 53222 821781701 7500 0 FURNITURE, FIXTURES & EQUIPMENT T&R INVESTMENT PROPERTIES LLC 3508 W KILBOURN AVE MILWAUKEE WI 53208 813176874 7500 0 MARKETING & WORKING CAPITAL BRIAN O'NEIL II (DEEP GREEN AERATION) 3141 S 18TH ST MILWAUKEE WI 53215 475000832 7500 0 BUILDING REPAIRS IMMY'S AFRICAN CUISINE LLC 10430 W CONGRESS WAUWATOSA WI 53225 454036621 7500 0 PAYROLL, RENT & WORKING CAPITAL THE GLASS COMPANY WI 7384 N 60TH ST MILWAUKEE WI 53223 800478207 7500 0 WORKING CAPITAL ATWOOD HWY BBQ COMPANY LLC 925 MADISON AVE SOUTH MKE WI 53172 852620280 7500 0 INJECTION -PAY DOWN LOAN FLENARD ENTERPRISES PO BOX 1134 WAUKESHA WI 53187 274561812 7500 0 WORKING CAPITAL 5 POINTS ART GALLERY AND STUDIOS LLC 3514 N PORT WASHIGTON AVE MILWAUKEE WI 53212 832604526 7500 0 WORKING CAPITAL LITTLE ACADEMY OF EXCELLENCE CHILDCARE LLC 1951 W PURDUE ST MILWAUKEE WI 53209 843479167 7500 0 INJECTION -PAY DOWN LOAN 0 42 TO SUPPORT BUSINESS EXPANSION, SEEKING COMMERCIAL SPACE 1 7500 EST. PAYROLL SYSTEM, SUPPLIES & MARKETING 1 7500 PART I, LINE 2: IN ORDER TO ACCESS GRANT FUNDING A BUSINESS MUST SUBMIT AN ONLINE APPLICATION DETAILING ITS DEMOGRAPHICS, BUSINESS OPERATIONS, GRANT REQUEST, AND PROPOSED USES OF FUNDING. UPON RECEIPT OF COMPLETED GRANT APPLICATION A MEMBER OF NWSCDC TEAM EVALUATES ITEMS RECEIVED ACCORDING TO THE GRANT RUBRIC THAT WAS DEVELOPED. THE RUBRIC ALLOWS NWSCDC TO ASSESS WHETHER OR NOT A BUSINESS MEETS THE OBJECTIVES SPECIFIED IN THE GRANT AGREEMENT. IF THE THRESHOLD IS MET A GRANT AWARD LETTER IS ISSUED TO THE BUSINESS IN WHICH THE BUSINESS IS THEN ASKED FOR ADDITIONAL SUPPORTING DOCUMENTATION; I. E: W9 AND PHOTO ID, SO THAT PAYMENT CAN BE PROCESSED. A GRANT CERTIFICATION WAS ALSO CREATED FOR THE BUSINESS TO SIGN AS PART OF THE PROCESS. EACH GRANT APPLICATION IS MAINTAINED IN AN ELECTRONIC FILE AND IS ALSO ASSESSIBLE VIA THE APPLICATION PORTAL, LENDERFIT. X X 0 0 0 0 0 0 0 1 0 WILLIE SMITH EXECUTIVE DIRECTOR 158513 0 31000 0 0 0 5719 0 5678 0 200910 0 0 0 PART I, LINE 7 A DISCRETIONARY BONUS WAS PAID TO THE EXECUTIVE DIRECTOR, WILLIE SMITH. THE BONUS WAS BOARD APPROVED AND IS REPORTED ON PART II, COLUMN (B)(II). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C IN THE EVENT THAT A DIRECTOR OR A MEMBER OF A DIRECTOR'S IMMEDIATE FAMILY HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, INCLUDING BUT NOT LIMITED TO PROPOSED TRANSACTIONS DIRECTLY OR INDIRECTLY BETWEEN NWSCDC AND A DIRECTOR, THE DIRECTOR SHALL PROMPTLY DISCLOSE THE MATERIAL FACTS OF SUCH CONFLICT OR TRANSACTION IN WRITING TO THE BOARD OF DIRECTORS AS A MATTER OF RECORD. WHEN ANY SUCH CONFLICT OF INTEREST BECOMES RELEVANT TO ANY SUBJECT REQUIRING ACTION BY THE BOARD OF DIRECTORS OR ANY OF ITS DULY CONSTITUTED COMMITTEES, COUNCILS, TASK FORCES, OR OTHER BODIES, THE DIRECTOR HAVING A CONFLICT SHALL NOT VOTE ON THE SUBJECT WITH RESPECT TO WHICH THE CONFLICT OF INTEREST EXISTS AND SHALL NOT ATTEMPT TO INFLUENCE THE VOTE OF ANY OTHER DIRECTOR. THE DIRECTOR WITH THE CONFLICT MAY BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING ADDRESSING SUCH SUBJECT. A DIRECTOR WHO IS EXCLUDED FROM VOTING BECAUSE OF SUCH CONFLICT OF INTEREST SHALL BRIEFLY STATE THE NATURE OF THE CONFLICT AND ANSWER PERTINENT QUESTIONS OF OTHER DIRECTORS WHEN SUCH DIRECTOR'S KNOWLEDGE OF THE SUBJECT WILL ASSIST THE BOARD OF DIRECTORS OR ANY OF ITS COMMITTEES OR OTHER BODIES IN MAKING A DECISION. AFTER SUCH DISCLOSURE IS MADE AND THE BOARD HAS HAD THE OPPORTUNITY TO ASK PERTINENT QUESTIONS OF SUCH DIRECTOR, A VOTE SHALL BE TAKEN WITH THE ACTION CARRIED BY A MAJORITY OF DISINTERESTED DIRECTORS, WHO MUST CONSTITUTE A QUORUM. MINUTES OF THE MEETING SHALL REFLECT THAT SUCH DISCLOSURE HAS BEEN MADE AND THAT SUCH DIRECTOR ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE REVIEWS SALARY INFORMATION ON GUIDESTAR TO DETERMINE THE REASONABLENESS OF THE EXECUTIVE DIRECTOR'S SALARY. THE FINANCE COMMITTEE ALSO APPROVES THE EXECUTIVE DIRECTOR'S CURRENT SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 261,823. MANAGEMENT AND GENERAL EXPENSES 18,963. FUNDRAISING EXPENSES 286,305. TOTAL EXPENSES 567,091. NW IMPACT LLC 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 TO IMPROVE RESIDENTIAL HOUSING THROUGHOUT NORTHWEST MILWAUKEE WI 0 0 NORTHWEST SIDE COMMUNITY DEVELOPMENT