NORTHWEST SIDE COMMUNITY DEVELOPME… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

WILLIE SMITH

Phone

4144478230

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST SIDE COMMUNITY DEVELOPMENT CORPORATION, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $5.8M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 31% operating margin.

Mission

TO CREATE ECONOMIC OPPORTUNITIES, BUILD PARTNERSHIPS AND STRENGTHEN COMMUNITIES ON THE NORTHWEST SIDE OF MILWAUKEE.

Program Service Accomplishments

Program 1

Expenses: $1,765,353 Revenue: $0

ECONOMIC DEVELOPMENT PROGRAM - CAN ENHANCE BUSINESS DEVELOPMENT AND PROVIDE SOME EMPLOYMENT OPPORTUNITIES. CONTRIBUTES TO THE DEVELOPMENT OF MORE ENVIRONMENTALLY SUSTAINABLE NEIGHBORHOODS (CURRENTLY...

Program 2

Expenses: $1,166,670 Revenue: $907,201

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...

Program 3

Expenses: $174,898 Revenue: $90,164

COMMUNITY DEVELOPMENT PROGRAM - CONTRIBUTES MOST TO RESOURCE ACCESS FOR RESIDENTS AND NEIGHBORHOOD STABILITY. COMMUNITY ORGANIZERS PARTNER WITH COMMUNITY ORGANIZATIONS, RESIDENTS, BUSINESSES...

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,704,223

Program Service Revenue $997,365

Investment Income $67,604

Other Revenue $0

TOTAL REVENUE $5,769,192

Expense Breakdown

Grants Paid $1,003,375

Salaries & Benefits $1,181,096

Fundraising Expenses $223,179

Program Expenses $3,106,921

Other Expenses $1,773,370

TOTAL EXPENSES $3,957,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,769,192	$5,654,859	+0.0%
Expenses	$3,957,841	$3,480,546	+0.1%
Net Income	$1,811,351	$2,174,313	-0.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$243,622

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEOFFREY COOPER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEE MENEFEE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HAL KARAS	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE HIPP	SECRETARY	1.00	Officer Director	$0	$0	$0
BRYAN GILL	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA GRIES	DIRECTOR	1.00	Director	$0	$0	$0
ASHANTI HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
BERNADETTE KARANJA	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE MCCASKILL	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT RICE	DIRECTOR	1.00	Director	$0	$0	$0
KIRSTEN THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WARD	DIRECTOR	1.00	Director	$0	$0	$0
MARIA WATTS	DIRECTOR	1.00	Director	$0	$0	$0
WENDELL WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
RONALD WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
EVAN REED	DIRECTOR (THRU JAN 24)	1.00	Director	$0	$0	$0
WILLIE SMITH	EXECUTIVE DIRECTOR	40.00	Officer	$208,511	$10,025	$218,536
NOEL SMITH	CHIEF FINANCIAL OFFICER	40.00	Officer	$25,086	$0	$25,086

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,769,192	$3,957,841	$21,992,480	$1,811,351
2023	$5,654,859	$3,480,546	$18,994,492	$2,174,313
2022	$4,800,252	$3,905,070	$15,350,170	$895,182
2021	$4,254,876	$1,935,995	$11,140,702	$2,318,881
2020	$1,484,885	$1,089,542	$7,296,393	$395,343
2019	$1,564,149	$1,072,104	$7,283,275	$492,045
2018	$1,399,629	$1,221,677	$6,451,136	$177,952

NORTHWEST SIDE COMMUNITY DEVELOPMENT CORPORATION