FORWARD COMMUNITY INVESTMENTS INC

EIN: 391815578 501(c)(3) Community Improvement

MADISON, WI

Total Revenue
$3,661,266
Total Expenses
$3,006,726
Total Assets
$34,802,949
Net Assets
$16,449,992
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
WI
Principal Officer
RYAN ZERWER
Phone
6082573863
Tax Period
2024-01-01 to 2024-12-31

FORWARD COMMUNITY INVESTMENTS INC, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $655K, a strong 18% operating margin.

Mission

WE INVEST IN PEOPLE, PROJECTS, AND ORGANIZATIONS THAT CREATE LASTING IMPACT, ADDRESSING COMMUNITY NEEDS IN INNOVATIVE AND EFFECTIVE WAYS. BY LEVERAGING A NETWORK OF PARTNERSHIPS AND CREATIVE FINANCING, WE ENSURE INDIVIDUALS AND NEIGHBORHOODS ACROSS WISCONSIN HAVE ACCESS TO THE RESOURCES THEY NEED TO PROSPER.

Program Service Accomplishments

Program 1
Expenses: $1,792,147 Revenue: $3,028,847

COMMUNITY LENDING SERVICES - FCI'S LENDING SERVICES INCORPORATE ACTIVITIES ESSENTIAL TO PROVIDING LOANS TO FCI'S CLIENTS. THOSE SERVICES INCLUDE DEVELOPING AND MAINTAINING CLIENT, LENDER AND INVESTOR...

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COMMUNITY LENDING SERVICES - FCI'S LENDING SERVICES INCORPORATE ACTIVITIES ESSENTIAL TO PROVIDING LOANS TO FCI'S CLIENTS. THOSE SERVICES INCLUDE DEVELOPING AND MAINTAINING CLIENT, LENDER AND INVESTOR RELATIONS; PROCESSING LOAN REQUESTS; UNDERWRITING; LOAN SERVICING; TECHNICAL ASSISTANCE AND CONSULTING FOR CLIENTS; AND RAISING AND SERVICING INVESTMENTS. OVER ITS LIFETIME, FCI HAS DISBURSED A LITTLE MORE THAN $106.8 MILLION TO BENEFIT ORGANIZATIONS AND INITIATIVES THROUGHOUT WISCONSIN. OVER THE YEARS, FCI'S LOANS HAVE CREATED OR SUSTAINED 2,659 UNITS OF AFFORDABLE HOUSING AND INDIRECTLY PROVIDED SERVICES TO MORE THAN 721,000 LOW-INCOME INDIVIDUALS. AND, THROUGH BUSINESS INCUBATION STRATEGIES AND EXPANDED COMMUNITY FACILITIES, FCI NONPROFIT BORROWERS HAVE CREATED OR RETAINED MORE THAN 6,870 JOBS FOR WISCONSIN RESIDENTS AND ADDED OVER 1,764 NEW DAYCARE SLOTS.SOME OF FCI'S ACCOMPLISHMENTS FOR COMMUNITY LENDING SERVICES IN 2024 INCLUDE:CLOSED 17 NEW AND REFINANCED LOANS TOTALING $4.6 MILLION IN TWO DIFFERENT COUNTIES. THE FUNDS WERE USED FOR COMMUNITY FACILITIES, AFFORDABLE HOUSING, WORKING CAPITAL AND LINES OF CREDIT. CLOSED JUST OVER $27 MILLION IN NEW MARKET TAX CREDIT TRANSACTION.FCI BORROWERS RECEIVED ONE-ON-ONE TECHNICAL ASSISTANCE AND ADVICE ON TOPICS RANGING FROM MANAGING CASH FLOW TO MONITORING CONSTRUCTION BUDGETS TO DEVELOPING MULTI-YEAR PROJECTIONS.

Program 2
Expenses: $36,042 Revenue: $0

COMMUNITY INVESTMENTS - ACTIVITIES INCLUDE PLANNING, IMPLEMENTATION AND OVERSIGHT OF THE ANNUAL GRANTS PROCESS; OVERSIGHT OF ANNUAL DISTRIBUTIONS FROM DONOR ADVISED FUNDS; DEVELOPING AND MAINTAINING...

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COMMUNITY INVESTMENTS - ACTIVITIES INCLUDE PLANNING, IMPLEMENTATION AND OVERSIGHT OF THE ANNUAL GRANTS PROCESS; OVERSIGHT OF ANNUAL DISTRIBUTIONS FROM DONOR ADVISED FUNDS; DEVELOPING AND MAINTAINING GRANTEE AND STAKEHOLDER RELATIONSHIPS; AND PROCESSING AND SERVICING GRANT REQUESTS. THIS ALSO INCLUDES PROGRAMS FUNDED BY LARGER GRANTS THAT HAVE A PASS-THROUGH GRANT ASPECT TO THEM.SOME OF FCI'S ACCOMPLISHMENTS FOR COMMUNITY INVESTMENTS IN 2024 INCLUDE: AIDED DEPLOYMENT OF $500,000 IN GRANTS AS ADMINISTRATOR FOR RACINE DOMINICAN SISTERS TO ORGANIZATIONS IN WISCONSIN.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $327,450
Program Service Revenue $3,028,847
Investment Income $280,969
Other Revenue $24,000
TOTAL REVENUE $3,661,266

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,609,538
Fundraising Expenses $3,595
Program Expenses $1,828,189
Other Expenses $1,397,188
TOTAL EXPENSES $3,006,726

Year-over-Year Comparison

2024 2023 Change
Revenue $3,661,266 $3,357,666 +0.1%
Expenses $3,006,726 $2,652,437 +0.1%
Net Income $654,540 $705,229 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
13

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
6
$243,062
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASMINE MERCADO CO-CHAIR 1.00
Officer Director
$0 $0 $0
RAYNETTA HILL CO-CHAIR 1.00
Officer Director
$0 $0 $0
JEFF MACK JR VICE-CHAIR 1.00
Officer Director
$0 $0 $0
PAMELA GUTHMAN SECRETARY 1.00
Officer Director
$0 $0 $0
PAUL FEHRENBACH TREASURER 1.00
Officer Director
$0 $0 $0
MIKE FLYNN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS LAURENT DIRECTOR 1.00
Director
$0 $0 $0
FERN ORIE DIRECTOR 1.00
Director
$0 $0 $0
WALLY ORZECHOWSKI DIRECTOR 1.00
Director
$0 $0 $0
RYAN ZERWER PRESIDENT & CEO 40.00
Officer
$243,062 $0 $243,062
ROBERT BEACH CHIEF OPERATING OFFICER 40.00
Highest
$170,713 $10,224 $180,937
EVAN REED DIRECTOR OF LENDING 40.00
Highest
$148,698 $16,094 $164,792
FAUSTO RIVERA SENIOR COMMUNITY LENDER 40.00
Highest
$114,733 $37,676 $152,409
JODEL WOGOU DIRECTOR OF FINANCE 40.00
Highest
$103,962 $8,964 $112,926
KIRBY TOON DIRECTOR OF CAPITAL STRATEGY 40.00
Highest
$136,297 $4,095 $140,392
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 $3,661,266 $3,006,726 $34,802,949 $654,540
2023 $3,357,666 $2,652,437 $33,131,053 $705,229
2022 $5,155,108 $2,939,270 $29,924,868 $2,215,838
2021 $3,745,420 $2,081,525 $29,361,508 $1,663,895
2020 $2,367,453 $2,220,339 $27,246,396 $147,114
2019 $2,941,773 $2,240,202 $27,278,627 $701,571
2018 $3,124,492 $2,637,157 $25,876,980 $487,335
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