2023-09-27T15:36:24-05:00 2022-12-31 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2022-01-01 391478014 NORTHWEST SIDE COMMUNITY DEVELOPMENT CORPORATION NORT 4144478230 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 WILLIE SMITH EXECUTIVE DIRECTOR 4144478230 2023-09-20 1 WILLIE SMITH 999009999 0 SOLOMON MARDAKHAEV P01806552 6105653930 2023-09-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIE SMITH 4201 NORTH 27TH STREET 7TH FLOOR MILWAUKEE WI 53216 4800252 0 X WWW.NWSCDC.ORG X 1983 WI TO PROMOTE ECONOMIC DEVELOPMENT, BUSINESS GROWTH, AND NEIGHBORHOOD REVITALIZATION. 16 16 13 21 0 0 3923033 4309101 300146 467389 19878 23762 11819 0 4254876 4800252 0 2037554 0 0 965730 1018260 0 0 113400 970265 849256 1935995 3905070 2318881 895182 11140702 15350170 1982298 5296584 9158404 10053586 TO CREATE ECONOMIC OPPORTUNITIES, BUILD PARTNERSHIPS AND STRENGTHEN COMMUNITIES ON THE NORTHWEST SIDE OF MILWAUKEE. 0 0 2071117 1613179 58326 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. 1019324 424375 0 ECONOMIC DEVELOPMENT PROGRAM - CAN ENHANCE BUSINESS DEVELOPMENT, PROVIDE SOME EMPLOYMENT OPPORTUNITIES. CONTRIBUTES TO DEVELOPMENT OF MORE ENVIRONMENTALLY SUSTAINABLE NEIGHBORHOODS (CURRENTLY SUPPOSRTED BY MMSD). 331191 0 409063 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. 3421632 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 13 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 WILLIE SMITH EXECUTIVE DIRECTOR 40.00 X 186000 0 35704 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 186000 0 35704 1 0 1 0 0 2545652 1763449 4309101 LOAN INTEREST & CLOSING FEES 522291 409063 409063 FEES FOR SERVICES 611430 58326 58326 467389 23762 23762 4800252 467389 0 23762 2037554 2037554 237417 175558 42552 19307 602429 442633 112866 46930 26742 20805 3744 2193 87242 66538 11473 9231 64430 49200 9899 5331 39405 2873 36532 97201 74352 13611 9238 302246 218717 72821 10708 5926 1674 4252 16443 11202 4485 756 98552 71837 19103 7612 25300 20171 5129 4787 1575 3212 85378 85378 7708 5910 1172 626 8048 4882 2669 497 BAD DEBTS 109900 109900 SUBSCRIPTIONS 23188 6744 15694 750 EQUIPMENT REPAIRS/RENTA 8247 1350 6897 16927 12779 3927 221 3905070 3421632 370038 113400 503907 110583 912706 1617447 102133 184555 139319 174643 5437476 8330895 8472 106150 36684 29133 15261 7551 4021428 4519422 0 298924 11140702 15350170 117403 134026 274895 524093 1590000 4638465 1982298 5296584 X 3602962 3283359 5555442 6770227 9158404 10053586 11140702 15350170 895182 0 X 0 1 X 1 1 1 X 1309499 1332614 1310022 3923033 4309101 12184269 1309499 1332614 1310022 3923033 4309101 12184269 304252 11880017 19717 18795 20997 19878 23762 103149 12287418 1343654 0.96680 0.94230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36684 29133 7551 7551 X 4800252 0 4800252 0 4800252 3905070 0 3905070 0 3905070 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 BRONZEVILLE CENTER FOR THE ARTS (BCA) 411 E WISCONSIN AVENUE SUITE 1000 MILWAUKEE WI 53202 853913048 501(C)(3) 1613179 0 CONSTRUCTING, DEVELOPING, AND OPERATING AN AFRICAN AND AFRICAN AMERICAN ARTS AND CULTURE CENTER ENCORE CLEANING SYSTEMS PO BOX 250925 MILWAUKEE WI 53225 880646757 N/A 20000 0 WORKING CAPITAL RAW AMBITION FOODS 2851 N GRANT BLVD MILWAUKEE WI 53210 853949558 N/A 10000 0 EQUIPMENT PURCHASE, SUPPLIES, INVENTORY, JOB CREATION PART-TIME ARTY'S SWEET TALK CUPCAKES 2361 N 59TH ST MILWAUKEE WI 53210 865044994 N/A 9875 0 EQUIPMENT PURCHASE, MARKETING, SUPPLIES, INVENTORY GUARDIAN ANGEL SERVICES OF WI 10721 W CAPITOL DR SUITE 202 WAUWATOSA WI 53222 475137006 N/A 25000 0 JOB CREATION FTE, LEASEHOLD IMPROVEMENTS, JOB CREATION PART-TIME ATTENTIVE HOME CARE 10721 W CAPITOL DR SUITE 204 WAUWATOSA WI 53222 901034525 N/A 25000 0 MARKETING, LEASEHOLD IMPROVEMENTS, SUPPLIES, JOB CREATION PART-TIME NH CONSTRUCTION 5635 N 39TH ST MILWAUKEE WI 53209 873657575 N/A 15000 0 EQUIPMENT PURCHASE, SUPPLIES, INVENTORY 1700 PULL UP LLC 1848 W FOND DU LAC AVE MILWAUKEE WI 53205 850653147 N/A 25000 0 INVENTORY, WORKING CAPITAL, EQUIPMENT PURCHASE DUGGAR INVESTMENTS 5130 N SHERMAN BLVD MILWAUKEE WI 53209 823242977 N/A 30000 0 LAND PURCHASE SUGAR MAMA LIFESTYLES LLC 602 S 9TH ST 11 MILWAUKEE WI 53204 874503888 N/A 12000 0 WORKING CAPITAL, MARKETING, JOB CREATION PART-TIME HOOD HIPPY LLC 4010 N 6TH ST MILWAUKEE WI 53212 821270101 N/A 20000 0 FURNITURE, FIXTURES, & EQUIPMENT (FFE), INVENTORY, SUPPLIES, WORKING CAPITAL M2R ELECTRIC 6809 N SEVILLE AVE GLENDALE WI 53209 472938934 N/A 25000 0 FURNITURE, FIXTURES, & EQUIPMENT (FFE), INVENTORY, DEBT PAYOFF, WORKING CAPITAL TAYLOR TRANSITIONAL TRAINING INC 4201 N 27TH ST LL MILWAUKEE WI 53216 842338437 N/A 15000 0 JOB CREATION FTE, RENT, WORKING CAPITAL LOVE IS PATIENT MEDICAL SUPPLIES LLC 4945 N 74TH ST MILWAUKEE WI 53218 832108442 N/A 20000 0 WORKING CAPITAL, INVENTORY, SOFTWARE MGM DETAILING LLC 822 E BAY ST MILWAUKEE WI 53207 882154892 N/A 15000 0 EQUIPMENT PURCHASE STEELE RESTAURANT CONSULTING LLC 5850 N SHORELAND AVE WHITEFISH BAY WI 53217 473259810 N/A 15000 0 WORKING CAPITAL, LEGAL, MARKETING PEPPERPOT ON MLK LLC 2215 N MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 863704649 N/A 40000 0 DEBT CONSOLIDATION, EQUIPMENT PURCHASE, WORKING CAPITAL & MARKETING - DIGITAL THE ELLEVATE COLLECTIVE 10815 W FIEBRANTZ AVE WAUWATOSA WI 53222 821781701 N/A 15000 0 DEBT CONSOLIDATION, MARKETING, OPERATIONS, WORKING CAPITAL GAMBIT TRUCKING LLC 3536 N 54TH BLVD MILWAUKEE WI 53216 863854400 N/A 7500 0 DEBT CONSOLIDATION WEST ALLIS CTR FOR EARLY EDUCATION 11110 W NATIONAL AVE WEST ALLIS WI 53227 871632023 N/A 25000 0 TENANT IMPROVEMENTS 102399 LLC 5225 W ELECTRIC AVE MILWAUKEE WI 53019 843549928 N/A 25000 0 WORKING CAPITAL WARDLAW PRODUCTIONS 126 S 2ND ST MILWAUKEE WI 53204 473836790 N/A 20000 0 WORKING CAPITAL, RENT 1 21 X X 0 0 0 0 0 0 0 1 0 WILLIE SMITH EXECUTIVE DIRECTOR 155000 0 31000 0 0 0 7750 0 27954 0 221704 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. 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