Travaux INC FY2021 filing

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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).

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2796790) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$599K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $79K a year · 0.2% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$599K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
2.8 mo
of spending, in cash
2.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15.0M
72% of total assets
Liabilities are 72% of assets.
Pt X · Ln 26
Independent board members
9
of 10 voting members
9 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$29.1M
-0.5% vs prior year
Spent
$27.4M
To programs
95%
Net assets
$5.8M
By yearFY2020–FY2023
Revenue
$29.1M
FY2021-0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$29.2M
FY2021$29.1M
FY2022$30.8M
FY2023$38.4M
Expenses
$27.4M
FY2021▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$28.0M
FY2021$27.4M
FY2022$32.0M
FY2023$39.7M
Net assets
$5.8M
FY2021▲ +39%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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% · $26.1M 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; $599K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
VP of Construction
$134,427Pt VII · Sec A
VP of Business Development
$122,905Pt VII · Sec A
Construction Superintenden
$121,043Pt VII · Sec A
Construction Superintenden
$113,892Pt VII · Sec A
VP of Asset Management
$107,161Pt 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.

See Travaux INC executive salaries →

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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3 programs · $26.1M · in their own filed words · FY2021
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…

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2796790) · Dispute this line
$22.9Mprogram 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.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2796790) · Dispute this line
$3.2Mprogram 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.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2796790) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$29.1M
Ln 12
Fees for servicesLn 2g$29.1M
Other incomeLn 4–11$4K
Investment incomeLn 3$139
Money outPt IX
$27.4M
Ln 25
Programscol B$26.1M
Managementcol C$1.4M
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$6.5M
Total assetsLn 16$20.9M
LiabilitiesLn 26$15.0M
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$29.1M
Investment incomeLn 3$139
Other incomeLn 4–11$4K
Total revenueLn 12$29.1M
Assets in detailPt X, end of year
SavingsLn 2$6.5M
Cash and savings togetherLn 1–2$6.5M
Accounts receivableLn 4$13.8M
Notes and loans receivableLn 7$300K
Prepaid expenses and deferred chargesLn 9$216K
Land, buildings, equipmentLn 10c$21K
Other assetsLn 15$520
Total assetsLn 16$20.9M
LiabilitiesLn 26$15.0M
Net assetsLn 32$5.8M
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 FY21End FY21
Cash and savingsLn 1–2$3.4M$6.5M
Land, buildings, equipmentLn 10c$22K$21K
Total assetsLn 16$18.1M$20.9M
LiabilitiesLn 26$14.0M$15.0M
Net assetsLn 32$4.2M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$301K$246K$55K
Other salaries and wagesLn 7$3.0M$2.7M$357K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$777K$483K$294K
Payroll taxesLn 10$263K$221K$42K
Legal feesLn 11b$836$836
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$22.7M$22.3M$431K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$133K$56K$77K
OccupancyLn 16$3K$3K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$985$985
InsuranceLn 23$103K$103K
Other expenses (24a–d)Ln 24$94K$93K$931
Total functional expensesLn 25$27.4M$26.1M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Nov 13, 2024 $38.4M$39.7M−$1.4M$3.3M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $30.8M$32.0M−$1.2M$4.6M 990 PDF
FY2021 ViewingFiled with the IRS Nov 9, 2022 $29.1M$27.4M$1.6M$5.8M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $29.2M$28.0M$1.2M$4.2M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $29,083,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $29,217,996$29,080,052
I-10 Investment incomePrior year $215$139
I-11 Other revenuePrior year $0$3,632
I-12 Total revenuePrior year $29,218,211$29,083,823
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 $2,989,663$4,369,120
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,984,459$23,071,216
I-18 Total expensesPrior year $27,974,122$27,440,336
I-19 Revenue less expensesPrior year $1,244,089$1,643,487
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 $29,083,823 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,080,052$29,080,052
VIII-3 Investment incomeExcluded from tax $139$139
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,632$3,632
VIII-12 Total revenueRelated to mission $29,083,684 · Unrelated business $0 · Excluded from tax $139$29,083,823
Part IX · Statement of functional expenses $27,440,336 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $245,936 · Management $54,952$300,888
IX-7 Other salaries and wagesPrograms $2,667,880 · Management $357,396$3,025,276
IX-8 Pension plan contributionsManagement $3,166$3,166
IX-9 Other employee benefitsPrograms $483,024 · Management $294,256$777,280
IX-10 Payroll taxesPrograms $220,535 · Management $41,975$262,510
IX-11b Legal feesManagement $836$836
IX-11c Accounting feesManagement $2,750$2,750
IX-11g Other fees for servicesPrograms $22,295,688 · Management $431,157$22,726,845
IX-12 Advertising and promotionPrograms $2,207$2,207
IX-13 Office expensesPrograms $56,078 · Management $77,196$133,274
IX-16 OccupancyManagement $2,851$2,851
IX-17 TravelManagement $3,925$3,925
IX-22 Depreciation, depletion and amortizationPrograms $985$985
IX-23 InsuranceManagement $103,472$103,472
IX-24 Other expenses (24a–d)Programs $93,140 · Management $931$94,071
IX-25 Total functional expensesPrograms $26,065,473 · Management $1,374,863 · Fundraising $0$27,440,336
Part X · Balance sheet $20,871,575 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,376,201$6,488,191
X-4 Accounts receivableStart of year $14,331,276$13,845,962
X-7 Notes and loans receivableStart of year $300,000$300,000
X-9 Prepaid expenses and deferred chargesStart of year $119,085$215,800
X-10c Land, buildings and equipment, netStart of year $22,086$21,102
X-15 Other assetsStart of year $520$520
X-16 Total assetsStart of year $18,149,168$20,871,575
X-17 Accounts payable and accrued expensesStart of year $10,960,891$12,039,811
X-23 Secured mortgages and notes payableStart of year $3,000,000$3,000,000
X-26 Total liabilitiesStart of year $13,960,891$15,039,811
X-27 Net assets without donor restrictionsStart of year $4,188,277$5,831,764
X-32 Total net assets or fund balancesStart of year $4,188,277$5,831,764
X-33 Total liabilities and net assetsStart of year $18,149,168$20,871,575
Part XI · Reconciliation of net assets $5,831,764 net assets at year end
XI-1 Total revenue$29,083,823
XI-2 Total expenses$27,440,336
XI-3 Revenue less expenses$1,643,487
XI-4 Net assets at start of year$4,188,277
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,831,764

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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