Northwest Side Community Development Corporation

Tax-deductible

Milwaukee, WI501(c)(3)Community DevelopmentEIN 39-1478014Revenue $5.8M in FY2024

On file with the IRSnwscdc.org4201 N 27th St 7th Floor, 53216-1807 · Milwaukee, WITax-exempt since Jun 1984Publicly supported charity — 170(b)(1)(A)(vi)

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To promote economic Development, business growth, and neighborhood revitalization.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 19 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.5M a year · 35% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$234K
to officers and key staff · 6% of spending
Top officer’s pay higher than 69% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $29K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.0M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.8M
+2% vs prior year
Spent
$4.0M
To programs
79%
Net assets
$14.0M
By yearFY2020–FY2024
Revenue
$5.8M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$4.3M
FY2022$4.8M
FY2023$5.7M
FY2024$5.8M
Expenses
$4.0M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.9M
FY2022$3.9M
FY2023$3.5M
FY2024$4.0M
Net assets
$14.0M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.9M
FY2021$9.2M
FY2022$10.1M
FY2023$12.2M
FY2024$14.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $3.1M Management & general 16% · $628K Fundraising 6% · $223K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $234K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$208,511Pt VII · Sec A
Chief Financial Officer
$25,086Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Willie Smith’s $209K as Executive Director is at the 69th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Willie Smith$208,511$189,513$186,000$157,537$111,441
Howard Snyder————$36,210
Noel Smith$25,086————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Northwest Side Community Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes economic development and neighborhood stability by partnering with residents, businesses, and local groups to share resources and boost community engagement.

Provided by the organization

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3 programs · $3.1M · in their own filed words · FY2024
01

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).

$1.8Mprogram expense
02

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.

$1.2Mprogram expense
03

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.

$175Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Faith in PlaceFY2025$29K
Total grants receivedfrom 1 funder$29K
Grants paid · 99 grants · $4.1M · 2022–2024
Care Mgt Plus Health Services LLCFY2024$150,000
One 5 Olive LLCFY2024$109,500
1700 Pull UpFY2024$65,000
Favorites LLCFY2024$60,000
Carl WesleyFY2024$55,000
Lean Design Werks LLCFY2024$50,000
Acu Insurance Agency LLCFY2024$50,000
North Avenue Market LLCFY2024$45,000
US University PathwaysFY2024$35,000
Les Delices De Awa LLCFY2024$27,500
Kreeation 1 LLCFY2024$25,000
Carter's Quality Care LLCFY2024$20,000
Unitemized GrantFY2024$17,500
Cherry Faith PropertiesFY2024$13,500
Unitemized GrantFY2024$12,500
Mjp Construction LLCFY2024$12,500
Love X Nemo LLCFY2024$12,500
Ashley Limitless LLCFY2024$12,500
See all 99 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Gifts and grantsLn 1h$4.7M
Fees for servicesLn 2g$997K
Investment incomeLn 3$68K
Money outPt IX
$4.0M
Ln 25
Programscol B$3.1M
Managementcol C$628K
Fundraisingcol D$223K
Owns and owesPt X
$14.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$22.0M
LiabilitiesLn 26$8.0M
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Government grantsLn 1e$3.7M
Fees for servicesLn 2g$997K
Investment incomeLn 3$68K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$969K
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$5.0M
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$20K
Total assetsLn 16$22.0M
LiabilitiesLn 26$8.0M
Net assetsLn 32$14.0M
OperationsPt I, VI
EmployeesI 511
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.7M$5.0M
InvestmentsLn 11–13$3.2M$2.2M
Land, buildings, equipmentLn 10c$9K$20K
Total assetsLn 16$19.0M$22.0M
LiabilitiesLn 26$6.8M$8.0M
Net assetsLn 32$12.2M$14.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$973K$973K
Grants to domestic individualsLn 2$30K$30K
Pay of current officers, directors and key staffLn 5$254K$219K$24K$11K
Other salaries and wagesLn 7$753K$648K$73K$32K
Pension plan contributionsLn 8$23K$20K$2K$1K
Other employee benefitsLn 9$78K$69K$5K$4K
Payroll taxesLn 10$74K$63K$7K$4K
Legal feesLn 11b$57K$5K$40K$12K
Accounting feesLn 11c$126K$108K$12K$6K
Other fees for servicesLn 11g$686K$535K$5K$147K
Advertising and promotionLn 12$20K$20K$276$123
Office expensesLn 13$32K$26K$5K$1K
OccupancyLn 16$97K$81K$11K$4K
TravelLn 17$58K$51K$7K
Conferences, conventions and meetingsLn 19$13K$13K$653
InterestLn 20$196K$196K
Depreciation, depletion and amortizationLn 22$8K$7K$757$339
InsuranceLn 23$13K$11K$1K
Other expenses (24a–d)Ln 24$452K$28K$424K$1K
All other expensesLn 24e$15K$5K$10K
Total functional expensesLn 25$4.0M$3.1M$628K$223K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.8M$4.0M$1.8M$14.0M 990 PDF
FY2023 $5.7M$3.5M$2.2M$12.2M 990 PDF
FY2022 $4.8M$3.9M$895K$10.1M 990 PDF
FY2021 $4.3M$1.9M$2.3M$9.2M 990 PDF
FY2020 $1.5M$1.1M$395K$6.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $5,769,192 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,862,162$4,704,223
I-9 Program service revenuePrior year $675,175$997,365
I-10 Investment incomePrior year $117,522$67,604
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,654,859$5,769,192
I-13 Grants and similar amounts paidPrior year $1,155,000$1,003,375
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,132,519$1,181,096
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,193,027$1,773,370
I-18 Total expensesPrior year $3,480,546$3,957,841
I-19 Revenue less expensesPrior year $2,174,313$1,811,351
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,769,192 across 6 lines filed
VIII-1e Government grants$3,691,210
VIII-1f All other contributions, gifts and grants$1,013,013
VIII-1h Total contributions, gifts and grants$4,704,223
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $997,365$997,365
VIII-3 Investment incomeExcluded from tax $67,604$67,604
VIII-12 Total revenueRelated to mission $997,365 · Unrelated business $0 · Excluded from tax $67,604$5,769,192
Part IX · Statement of functional expenses $3,957,841 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $973,375$973,375
IX-2 Grants to domestic individualsPrograms $30,000$30,000
IX-5 Pay of current officers, directors and key staffPrograms $218,797 · Management $24,343 · Fundraising $11,023$254,163
IX-7 Other salaries and wagesPrograms $647,522 · Management $72,607 · Fundraising $32,495$752,624
IX-8 Pension plan contributionsPrograms $19,510 · Management $2,132 · Fundraising $1,051$22,693
IX-9 Other employee benefitsPrograms $68,978 · Management $4,895 · Fundraising $3,877$77,750
IX-10 Payroll taxesPrograms $62,799 · Management $7,281 · Fundraising $3,786$73,866
IX-11b Legal feesPrograms $4,980 · Management $39,786 · Fundraising $11,998$56,764
IX-11c Accounting feesPrograms $108,144 · Management $12,474 · Fundraising $5,583$126,201
IX-11g Other fees for servicesPrograms $535,201 · Management $4,580 · Fundraising $146,544$686,325
IX-12 Advertising and promotionPrograms $19,712 · Management $276 · Fundraising $123$20,111
IX-13 Office expensesPrograms $25,962 · Management $4,790 · Fundraising $1,128$31,880
IX-16 OccupancyPrograms $81,472 · Management $11,082 · Fundraising $4,143$96,697
IX-17 TravelPrograms $51,088 · Management $6,978$58,066
IX-19 Conferences, conventions and meetingsPrograms $12,801 · Management $653$13,454
IX-20 InterestPrograms $196,055$196,055
IX-22 Depreciation, depletion and amortizationPrograms $6,750 · Management $757 · Fundraising $339$7,846
IX-23 InsurancePrograms $11,317 · Management $1,269$12,586
IX-24 Other expenses (24a–d)Programs $27,763 · Management $423,613 · Fundraising $1,089$452,465
IX-24e All other expensesPrograms $4,695 · Management $10,225$14,920
IX-25 Total functional expensesPrograms $3,106,921 · Management $627,741 · Fundraising $223,179$3,957,841
Part X · Balance sheet $21,992,480 assets, 18 lines filed
Asset lines not itemized here account for $12,969,766; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $675,255$969,166
X-2 Savings and temporary cash investmentsStart of year $2,034,125$3,996,507
X-3 Pledges and grants receivableStart of year $775,906$1,313,991
X-4 Accounts receivableStart of year $177,917$258,116
X-9 Prepaid expenses and deferred chargesStart of year $448,802$74,585
X-10c Land, buildings and equipment, netStart of year $8,977$20,223
X-11 Publicly traded securitiesStart of year $3,192,550$2,228,362
X-14 Intangible assetsStart of year $231,089$161,764
X-16 Total assetsStart of year $18,994,492$21,992,480
X-17 Accounts payable and accrued expensesStart of year $177,965$140,707
X-19 Deferred revenueStart of year $1,709,755$503,542
X-24 Unsecured notes and loans payableStart of year $4,643,116$7,141,861
X-25 Other liabilitiesStart of year $235,757$166,620
X-26 Total liabilitiesStart of year $6,766,593$7,952,730
X-27 Net assets without donor restrictionsStart of year $3,730,676$3,777,396
X-28 Net assets with donor restrictionsStart of year $8,497,223$10,262,354
X-32 Total net assets or fund balancesStart of year $12,227,899$14,039,750
X-33 Total liabilities and net assetsStart of year $18,994,492$21,992,480
Part XI · Reconciliation of net assets $14,039,750 net assets at year end
XI-1 Total revenue$5,769,192
XI-2 Total expenses$3,957,841
XI-3 Revenue less expenses$1,811,351
XI-4 Net assets at start of year$12,227,899
XI-5 Net unrealized gains (losses) on investments$500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,039,750

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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