2022-10-13T15:25:12-05:00 2021-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2021-01-01 391478014 NORTHWEST SIDE COMMUNITY DEVELOPMENT CORPORATION NORT 4144478230 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 WILLIE SMITH EXECUTIVE DIRECTOR 4144478230 2022-10-06 1 WILLIE SMITH 999009999 SOLOMON MARDAKHAEV P01806552 6105653930 2022-10-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WILLIE SMITH 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 4254876 0 X WWW.NWSCDC.ORG X 1983 WI TO PROMOTE ECONOMIC DEVELOPMENT, BUSINESS GROWTH, AND NEIGHBORHOOD REVITALIZATION. 14 14 11 21 0 0 1310022 3923033 146796 300146 25547 19878 2520 11819 1484885 4254876 0 0 0 0 674964 965730 0 0 114623 414578 970265 1089542 1935995 395343 2318881 7296393 11140702 440185 1982298 6856208 9158404 TO PROMOTE ECONOMIC DEVELOPMENT, BUSINESS GROWTH, AND NEIGHBORHOOD REVITALIZATION. 0 0 590858 0 244896 BUSINESS AND WORKFORCE DEVELOPMENT - PROVIDES ACCESS TO CAPITAL, BUSINESS GROWTH, EMPLOYMENT, NEIGHBORHOOD RESOURCES & SUSTAINABILITY. AS A RESULT 13 LOANS WERE CLOSED TOTALING $4.7 MILLION DOLLARS AND CREATION OF 29 JOBS 585224 0 55250 COMMUNITY DEVELOPMENT PROGRAM - CONTRIBUTES MOST TO RESOURCE ACCESS FOR RESIDENTS AND NEIGHBORHOOD STABILITY. COMMUNITY ORGANIZERS PARTNER WITH COMMUNITY ORGANIZATIONS, RESIDENTS, BUSINESSES, CURCHES, ETC FOR COMMUNITY ENGAGEMENT OPPORTUNITIES AND SHARING OF COMMUNAL RESOURCES 227684 0 0 ECONOMIC DEVELOPMENT PROGRAM - CAN ENHANCE BUSINESS DEVELOPMENT, PROVIDE SOME EMPLOYMENT OPPORTUNITIES. CONTRIBUTES TO DEVELOPMENT OF MORE ENVIRONMENTALLY SUSTAINABLE NEIGHBORHOODS (CURRENTLY SUPPOSRTED BY MMSD) 1403766 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 WI X WILLIE SMITH 4144478230 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 KIRSTEN THOMPSON PRESIDENT 1.00 X X 0 0 0 BERNADETTE KARANJA 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 FELITA DANIELS-ASHLEY DIRECTOR 1.00 X 0 0 0 BRYAN GILL DIRECTOR 1.00 X 0 0 0 ASHANTI HAMILTON DIRECTOR 1.00 X 0 0 0 REBECCA GRIES 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 BREANNE PLIER DIRECTOR (THRU MAY) 1.00 X 0 0 0 MARIA WATTS DIRECTOR 1.00 X 0 0 0 GEOFFREY COOPER DIRECTOR 1.00 X 0 0 0 WENDELL WILLIS DIRECTOR 1.00 X 0 0 0 WILLIE SMITH EXECUTIVE DIRECTOR 40.00 X 157537 0 17700 157537 0 17700 1 0 1 0 0 2569949 1353084 3923033 LOAN INTEREST & CLOSING FEES 522291 244896 244896 FEES FOR SERVICES 611430 55250 55250 300146 19878 19878 11819 11819 11819 4254876 300146 0 31697 X 189151 137010 36989 15152 595286 429261 117715 48310 22945 18265 3252 1428 99989 72468 19932 7589 58359 43439 10133 4787 38507 685 37822 93919 70615 16118 7186 206926 79140 108130 19656 6658 6658 24130 14661 8362 1107 82221 58821 16725 6675 5929 2948 2981 6125 6125 12182 12141 41 6335 4507 1297 531 7566 4138 2981 447 CREDIT FOR LOAN LOSSES 438569 438569 SUBSCRIPTIONS 12302 2239 8408 1655 EQUIPMENT REPAIRS/RENTA 8512 8512 20384 8734 11550 100 1935995 1403766 417606 114623 389080 503907 822303 912706 172961 102133 51438 139319 2589544 5437476 10000 8472 36684 21423 6324 15261 3254743 4021428 7296393 11140702 53206 117403 269529 274895 1590000 117450 0 440185 1982298 X 4231278 3602962 2624930 5555442 6856208 9158404 7296393 11140702 2318881 -16685 0 X 0 1 X 1 1 1 X 1378593 1309499 1332614 1310022 3923033 9253761 1378593 1309499 1332614 1310022 3923033 9253761 310177 8943584 107948 19717 18795 20997 19878 187335 50042 50042 9491138 1055678 0.94230 0.94810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36684 21423 15261 15261 X 4238191 -16685 -16685 4254876 0 4254876 1935995 0 1935995 0 1935995 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. X X 0 0 0 0 0 0 0 1 0 WILLIE SMITH EXECUTIVE DIRECTOR 131499 0 26038 0 0 0 7696 0 10004 0 175237 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 79,140. MANAGEMENT AND GENERAL EXPENSES 108,130. FUNDRAISING EXPENSES 19,656. TOTAL EXPENSES 206,926. 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