Northwest Side Community Development Corporation

Organization Overview

Northwest Side Community Development Corporation is located in Milwaukee, WI. The organization was established in 1984. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Northwest Side Community Development Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Side Community Development Corporation 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 12/2021, Northwest Side Community Development Corporation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 12.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE ECONOMIC DEVELOPMENT, BUSINESS GROWTH, AND NEIGHBORHOOD REVITALIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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


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


ECONOMIC DEVELOPMENT PROGRAM - CAN ENHANCE BUSINESS DEVELOPMENT, PROVIDE SOME EMPLOYMENT OPPORTUNITIES. CONTRIBUTES TO DEVELOPMENT OF MORE ENVIRONMENTALLY SUSTAINABLE NEIGHBORHOODS (CURRENTLY SUPPOSRTED BY MMSD)


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Board, Officers & Key Employees

Name (title)Compensation
Willie Smith
Executive Director
$157,537
Kirsten Thompson
President
$0
Bernadette Karanja
Vice President
$0
Steve Hipp
Secretary
$0
Hal Karas
Treasurer
$0
Heather Baylor
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,569,949
All other contributions, gifts, grants, and similar amounts not included above$1,353,084
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,923,033
Total Program Service Revenue$300,146
Investment income $19,878
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,254,876

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Northwest Side Community Development Corporation has recieved totaling $737,702.

Awarding OrganizationAmount
Otto Bremer Trust

St Paul, MN

PURPOSE: CBFC EMERGENCY FUND

$500,000
Center For Community Self-Help

Durham, NC

PURPOSE: Charitable Lending

$100,000
Greater Milwaukee Foundation Inc

Milwaukee, WI

PURPOSE: EARLY CHILDHOOD EDUCATION SMALL BUSINESS SUPPORT

$50,000
Greater Milwaukee Foundation Inc

Milwaukee, WI

PURPOSE: EARLY CHILDHOOD EDUCATION SMALL BUSINESS SUPPORT

$50,000
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$10,660
Rails To Trails Conservancy

Washington, DC

PURPOSE: TRAIL DEVELOPMENT

$10,000
View Grant Recipient Profile

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