To assist the housing authority of the city of milwaukee, the sole corporate member, and the redevelopment authority of the city of milwaukee in fulfillment of each of their statutory missions by providing construction management services and by managing housing options and certain commercial properties in an effort to improve urban neighborhoods and the lives of those who live in them. Additionally, the organization will provide development, construction, rehabilitation, and construction management services for other public housing authorities and other organizations described in 501(c)(3).

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$585K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $79K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$585K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$14.0M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29.2M
Spent
$28.0M
To programs
95%
Net assets
$4.2M
By yearFY2020–FY2023
Revenue
$29.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$29.2M
FY2021$29.1M
FY2022$30.8M
FY2023$38.4M
Expenses
$28.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$28.0M
FY2021$27.4M
FY2022$32.0M
FY2023$39.7M
Net assets
$4.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.2M
FY2021$5.8M
FY2022$4.6M
FY2023$3.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 2016.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $26.5M Management & general 5% · $1.4M

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

16 people listed on the 990; $585K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP of Construction
$128,063Pt VII · Sec A
VP of Business Development
$121,452Pt VII · Sec A
Construction Superintenden
$118,771Pt VII · Sec A
Construction Superintenden
$112,138Pt VII · Sec A
VP of Asset Management
$104,402Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Warren Jones’s $139K as VP of Construction is at the 16th percentile of top reported officer pay among 676 $10–100M housing 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 · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Warren Jones$138,541$134,947$134,427$128,063
Scott Simon$129,870$127,096$122,905$121,452
Gregory Anderson$128,481$124,412$107,161$104,402
Daniel Burgos$124,753$122,203$121,043$118,771
Timothy Kleinschmidt$121,713$115,602$113,892$112,138
Michael Wesolowski$113,428———
James Wellman$110,793$111,286——
Kevin Theissen—$105,393——

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.

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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

Manages construction and housing options to improve urban neighborhoods and lives.

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Provided by the organization

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3 programs · $26.5M · in their own filed words · FY2020
01

To acquire, develop, construct, rehabilitate, provide construction management services and manage commercial properties in an effort to improve urban neighborhoods and the lives of those who live in them: travaux is currently the construction manager as constructor for two hacm projects with a total construction cost of $98,703,791 under…

$25.5Mprogram expense
02

To acquire, develop, construct, rehabilitate, provide construction management services and manage a continuum of housing options: travaux is currently providing employees to the housing authority of the city of milwaukee (hacm) to manage low income public housing developments. Costs are reimbursed on actual expenditure basis.

$1.1Mprogram expense
03

To provide development, construction, rehabilitation and construction management services for public housing authorities, private development projects and other 501 (c)(3) certified entities: travaux is currently providing consulting services to a chartered public school in milwaukee. Consulting services started in 2017.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$29.2M
Ln 12
Fees for servicesLn 2g$29.2M
Investment incomeLn 3$215
Money outPt IX
$28.0M
Ln 25
Programscol B$26.5M
Managementcol C$1.4M
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$18.1M
LiabilitiesLn 26$14.0M
PeoplePt VI, VII
16
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$29.2M
Investment incomeLn 3$215
Total revenueLn 12$29.2M
Assets in detailPt X, end of year
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.4M
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$520
Total assetsLn 16$18.1M
LiabilitiesLn 26$14.0M
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 598
VolunteersI 69
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 FY20End FY20
Cash and savingsLn 1–2$4.2M$3.4M
Land, buildings, equipmentLn 10c$9K$22K
Total assetsLn 16$16.4M$18.1M
LiabilitiesLn 26$13.5M$14.0M
Net assetsLn 32$2.9M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$298K$244K$54K
Other salaries and wagesLn 7$2.0M$1.8M$191K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$552K$207K$345K
Payroll taxesLn 10$181K$152K$29K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$24.6M$24.1M$526K
Office expensesLn 13$80K$33K$47K
OccupancyLn 16$4K$4K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$221K$221K
Other expenses (24a–d)Ln 24$94K$94K$435
Total functional expensesLn 25$28.0M$26.5M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $38.4M$39.7M−$1.4M$3.3M 990 PDF
FY2022 $30.8M$32.0M−$1.2M$4.6M 990 PDF
FY2021 $29.1M$27.4M$1.6M$5.8M 990 PDF
FY2020 Viewing $29.2M$28.0M$1.2M$4.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $29,218,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $23,856,553$29,217,996
I-10 Investment incomePrior year $156$215
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $23,856,709$29,218,211
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,551,808$2,989,663
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,780,293$24,984,459
I-18 Total expensesPrior year $21,332,101$27,974,122
I-19 Revenue less expensesPrior year $2,524,608$1,244,089
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $29,218,211 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,217,996$29,217,996
VIII-3 Investment incomeExcluded from tax $215$215
VIII-12 Total revenueRelated to mission $29,217,996 · Unrelated business $0 · Excluded from tax $215$29,218,211
Part IX · Statement of functional expenses $27,974,122 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $244,245 · Management $53,648$297,893
IX-7 Other salaries and wagesPrograms $1,763,745 · Management $190,791$1,954,536
IX-8 Pension plan contributionsManagement $4,182$4,182
IX-9 Other employee benefitsPrograms $206,900 · Management $345,191$552,091
IX-10 Payroll taxesPrograms $151,838 · Management $29,123$180,961
IX-11b Legal feesManagement $2,638$2,638
IX-11c Accounting feesManagement $2,750$2,750
IX-11g Other fees for servicesPrograms $24,050,623 · Management $525,816$24,576,439
IX-13 Office expensesPrograms $33,349 · Management $46,651$80,000
IX-16 OccupancyManagement $4,262$4,262
IX-17 TravelManagement $2,495$2,495
IX-22 Depreciation, depletion and amortizationPrograms $1,313$1,313
IX-23 InsuranceManagement $220,618$220,618
IX-24 Other expenses (24a–d)Programs $93,509 · Management $435$93,944
IX-25 Total functional expensesPrograms $26,545,522 · Management $1,428,600 · Fundraising $0$27,974,122
Part X · Balance sheet $18,149,168 assets, 11 lines filed
Asset lines not itemized here account for $300,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $4,241,509$3,376,201
X-4 Accounts receivableStart of year $12,102,518$14,331,276
X-9 Prepaid expenses and deferred chargesStart of year $92,777$119,085
X-10c Land, buildings and equipment, netStart of year $9,480$22,086
X-15 Other assetsStart of year $520$520
X-16 Total assetsStart of year $16,446,804$18,149,168
X-17 Accounts payable and accrued expensesStart of year $10,502,616$10,960,891
X-26 Total liabilitiesStart of year $13,502,616$13,960,891
X-27 Net assets without donor restrictionsStart of year $2,944,188$4,188,277
X-32 Total net assets or fund balancesStart of year $2,944,188$4,188,277
X-33 Total liabilities and net assetsStart of year $16,446,804$18,149,168
Part XI · Reconciliation of net assets $4,188,277 net assets at year end
XI-1 Total revenue$29,218,211
XI-2 Total expenses$27,974,122
XI-3 Revenue less expenses$1,244,089
XI-4 Net assets at start of year$2,944,188
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,188,277

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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