2025-07-01T10:07:11-05:00 2024-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2024-01-01 391478014 NORTHWEST SIDE COMMUNITY DEVELOPMENT CORPORATION NORT 4144478230 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 WILLIE SMITH EXECUTIVE DIRECTOR 4144478230 2025-06-25 1 0 SOLOMON MARDAKHAEV P01806552 6105653930 2025-06-25 2024 2025-03-06 01:10:19Z WILLIE SMITH 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 5769192 0 X WWW.NWSCDC.ORG X 1983 WI TO PROMOTE ECONOMIC DEVELOPMENT, BUSINESS GROWTH, AND NEIGHBORHOOD REVITALIZATION. 15 15 14 21 0 0 4862162 4704223 675175 997365 117522 67604 0 0 5654859 5769192 1155000 1003375 0 0 1132519 1181096 0 0 223179 1193027 1773370 3480546 3957841 2174313 1811351 18994492 21992480 6766593 7952730 12227899 14039750 TO CREATE ECONOMIC OPPORTUNITIES, BUILD PARTNERSHIPS AND STRENGTHEN COMMUNITIES ON THE NORTHWEST SIDE OF MILWAUKEE. 0 0 1765353 794125 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). 1166670 209250 907201 BUSINESS AND WORKFORCE DEVELOPMENT - PROVIDES ACCESS TO CAPITAL, BUSINESS GROWTH, EMPLOYMENT, NEIGHBORHOOD RESOURCES & SUSTAINABILITY. AS A RESULT 10 LOANS WERE CLOSED TOTALING $4 MILLION DOLLARS AND CREATION OF 1 FTE AND 4 PTE JOBS FOR OCS SOCIAL ENTERPRISE. 174898 0 90164 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. 3106921 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 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 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 GEOFFREY COOPER PRESIDENT 1.00 X X 0 0 0 LEE MENEFEE 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 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 BERNADETTE KARANJA DIRECTOR 1.00 X 0 0 0 YVONNE MCCASKILL 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 MICHAEL WARD 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 EVAN REED DIRECTOR (THRU JAN 24) 1.00 X 0 0 0 WILLIE SMITH EXECUTIVE DIRECTOR 40.00 X 208511 0 10025 NOEL SMITH CHIEF FINANCIAL OFFICER 40.00 X 25086 0 0 233597 0 10025 1 0 1 0 FORETHOUGHT ADVISORS LLC 1730 M STREET NW SUITE 502 WASHINGTON DC 20036 GOVERNMENT CONSULTING 294000 1 3691210 1013013 4704223 LOAN INTEREST & CLOSING FEES 522291 907201 907201 FEES FOR SERVICES 611430 90164 90164 997365 67604 67604 5769192 997365 0 67604 X 973375 973375 30000 30000 254163 218797 24343 11023 752624 647522 72607 32495 22693 19510 2132 1051 77750 68978 4895 3877 73866 62799 7281 3786 56764 4980 39786 11998 126201 108144 12474 5583 686325 535201 4580 146544 20111 19712 276 123 31880 25962 4790 1128 96697 81472 11082 4143 58066 51088 6978 13454 12801 653 196055 196055 7846 6750 757 339 12586 11317 1269 BAD DEBTS 416555 416555 SUBSCRIPTIONS 31285 27763 2433 1089 EQUIPMENT REPAIRS/RENTA 4625 4625 14920 4695 10225 3957841 3106921 627741 223179 675255 969166 2034125 3996507 775906 1313991 177917 258116 11449871 12969766 448802 74585 47627 27404 8977 20223 3192550 2228362 231089 161764 18994492 21992480 177965 140707 1709755 503542 4643116 7141861 235757 166620 6766593 7952730 X 3730676 3777396 8497223 10262354 12227899 14039750 18994492 21992480 1811351 500 0 X 0 1 X 1 1 1 X 1310022 3923033 4309101 4862162 4704223 19108541 1310022 3923033 4309101 4862162 4704223 19108541 475668 18632873 20997 19878 23762 117522 67604 249763 19358304 2600805 0.96250 0.96780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47627 27404 20223 20223 LEASE LIABILITY OBLIGATION 166620 166620 X 5769692 500 500 5769192 0 5769192 3957841 0 3957841 0 3957841 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 CARE MGT PLUS HEALTH SERVICES LLC 1033 N MAYFAIR RD 300 WAUWATOSA WI 53226 263040560 150000 0 WORKING CAPITAL ONE 5 OLIVE LLC 4230 N OAKLAND AVE 115 SHOREWOOD WI 53211 812384988 109500 0 FHLB FELLOWS PROGRAM AND PROFESSIONAL DEV FAVORITES LLC N54W20922 CARTER CROSSING CIRCLE MENOMONEE FALLS WI 53051 843994777 60000 0 ZILBER NEIGHBORHOOD INITIATIVE/BUSINESS SUPPORT CARL WESLEY 6395 SATJANON DRIVE OOLTEWAH WI 37363 390841749 55000 0 WORKING CAPITAL ACU INSURANCE AGENCY LLC 10721 W CAPITOL DR 206 WAUWATOSA WI 53222 845128606 50000 0 EMPLOYEE TRAININGS, MARKETING, ADVERTISING LEAN DESIGN WERKS LLC 645 3RD STREET BELOIT WI 53511 461767462 50000 0 WORKING CAPITAL 1700 PULL UP 1848 W FOND DU LAC AVE MILWAUKEE WI 53205 850653147 65000 0 OPERATIONS OVERHEAD/TAX SUPPORT US UNIVERSITY PATHWAYS 3366 BRADBURY RD MADISON WI 53719 811773298 35000 0 HIRE NEW STAFF NORTH AVENUE MARKET LLC 5900 W NORTH AVE MILWAUKEE WI 53208 844949305 45000 0 WORKING CAPITAL LES DELICES DE AWA LLC 2045 ATWOOD AVE 109 MADISON WI 53704 384117036 27500 0 WORKING CAPITAL KREEATION 1 LLC 807 W ATKINSOON AVE MILWAUKEE WI 53206 862132954 25000 0 WORKING CAPITAL CARTER'S QUALITY CARE LLC 3215 N 77TH STREET MILWAUKEE WI 53222 473485202 20000 0 WORKING CAPITAL CHERRY FAITH PROPERTIES 2054 S 102ND ST 320 WEST ALLLIS WI 53227 880893478 13500 0 LAND ACQUISITION ASHLEY LIMITLESS LLC 2929 N MAYFAIR RD 4889 WAUWATOSA WI 53222 994931083 12500 0 STARTUP COSTS, MARKETING & EQUIPMENT LOVE X NEMO LLC 707 E BRADY ST 3RD FLOOR MILWAUKEE WI 53202 874443015 12500 0 MARKETING MJP CONSTRUCTION LLC 8428 W LISBON AVE 3 MILWAUKEE WI 53222 851273399 12500 0 PURCHASE COMPANY VEHICLE SUPERMAN EXPRESS LLC 8617 N SERVITE DR 106 MILWAUKEE WI 53223 455353485 10000 0 LOAN DOWNPAYMENT, CLOSING COSTS ASSISTANCE MKE CHILDCARE CTR OF THE ARTS 9537 HILLSIDE CT BROWN DEER WI 53223 872265297 10000 0 FURNITURE, FIXTURES & EQUIPMENT (FF&E) CHEYENNE CONTRACTING COMPANY LLC 505 S OAK PARK CT MILWAUKEE WI 53214 852120238 10000 0 REPAIRS, NEW HIRE THE ITSY BITSY SCHOLARS LLC 8304 W DENVER AVE MILWAUKEE WI 53223 825184022 10000 0 TAX BILL, UTILITIES, PAYROLL DDS MEDIAWORKS LLC 2877 N 76TH ST MILWAUKEE WI 53222 453027324 10000 0 WORKING CAPITAL JUNK MASTERS LLC 8614 W BURLEIGH ST MILWAUKEE WI 53222 832505062 10000 0 MARKETING, INVENTORY COLLECTIVE COUNSELING AND CONSULTATION LLC 11801 W SILVER SPRING DR 107 MILWAUKEE WI 53225 872927404 10000 0 PROFESSIONAL DEVELOPMENT, MARKETING, FRINGE EMPLOYEE BENEFITS ARTYS SWEET TALK CUPCAKES LLC 2361 N 59TH ST MILWAUKEE WI 53210 852215720 10000 0 LICENSING FEES, EQUIPMENT KNOWLEDGE LAND LEARNING CTR LLC 6212 W STARK ST MILWAUKEE WI 53218 934278891 10000 0 PURCHASE EQUIPMENT APEX COMMERCIAL CONSTRUCTION INC 6830 S HOWELL AVE OAK CREEK WI 53154 863061897 7500 0 PURCHASE EQUIPMENT MODAHEADWRAPS 2108 E EDGEWOOD AVE SHOREWOOD WI 53211 921618053 7500 0 WEBSITE DEVELOPMENT, MARKETING, EXPOS, BUSINESS TRAVEL, INVENTORY GRAY JETT CAF 1617 W WELLS ST MILWAUKEE WI 53233 853302613 7500 0 MENU EXPANSION, STAFF DEVELOPMENT, MARKETING H BENTON GROUP LLC 2878 N 59TH ST MILWAUKEE WI 53210 260482994 7500 0 MARKETING, BUSINESS INSURANCE, LEGAL FEES OPULENTBOTS LLC 2809 N TEUTONIA AVE 1 MILWAUKEE WI 53206 993488698 7500 0 PAYROLL JENNINGS ASPHALT & CONSTRUCTION 2812 N 5TH ST 506 MILWAUKEE WI 53212 871781635 7500 0 WORKING CAPITAL, PAYROLL 0 31 PRODUCTION COSTS 2 17500 RENOVATIONS 2 12500 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 176581 0 31930 0 0 0 5150 0 4875 0 218536 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 535,201. MANAGEMENT AND GENERAL EXPENSES 4,580. FUNDRAISING EXPENSES 146,544. TOTAL EXPENSES 686,325. 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