MILWAUKEE URBAN STRATEGIC INVESTMENT CORP

EIN: 391864684 501(c)(3) Community Improvement

MILWAUKEE, WI

Total Revenue
$3,770,481
Total Expenses
$3,392,399
Total Assets
$22,066,544
Net Assets
$1,026,305
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
WI
Principal Officer
PAT O'BRIEN
Phone
4142874163
Tax Period
2024-01-01 to 2024-12-31

MILWAUKEE URBAN STRATEGIC INVESTMENT CORP, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.4M left a modest 10% surplus.

Mission

THE PURPOSES OF MILWAUKEE URBAN STRATEGIC INVESTMENT CORP. (MUSIC) ARE TO COMBAT URBAN DETERIORATION, POVERTY, LOW EDUCATIONAL ACHIEVEMENT, JUVENILE DELINQUENCY, CRIMINALITY AND LOSS OF POPULATION (BOTH INDIVIDUALS AND BUSINESSES) IN THE GREATER MILWAUKEE, WISCONSIN AREA.

Program Service Accomplishments

Program 1
Expenses: $2,818,082 Revenue: $3,174,266

THE PURPOSES OF THIS ORGANIZATION ARE TO COMBAT URBAN DETERIORATION, POVERTY, LOW EDUCATIONAL ACHIEVEMENT, JUVENILE DELINQUENCY, CRIMINALITY AND LOSS OF POPULATION (BOTH INDIVIDUALS AND BUSINESSES)...

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THE PURPOSES OF THIS ORGANIZATION ARE TO COMBAT URBAN DETERIORATION, POVERTY, LOW EDUCATIONAL ACHIEVEMENT, JUVENILE DELINQUENCY, CRIMINALITY AND LOSS OF POPULATION (BOTH INDIVIDUALS AND BUSINESSES) IN THE GREATER MILWAUKEE, WISCONSIN AREA. ONE OF ITS ACTIVITIES IS THE CONSTRUCTION, MAINTENANCE AND MANAGEMENT OF THE LIBRARY HILL HOUSING PROJECT IN THE DOWNTOWN AREA OF MILWAUKEE KNOWN AS "WESTOWN," THE STABILITY, SAFETY AND RESIDENTIAL AND COMMERCIAL DESIRABILITY OF WHICH ARE AFFECTED BY URBAN CONDITIONS THROUGHOUT THE GREATER MILWAUKEE COMMUNITY.

Program 2
Expenses: $1,000

TO MAKE STRATEGIC INVESTMENTS THAT PROMOTE THE STABILITY, SAFETY AND RESIDENTIAL AND COMMERCIAL DESIRABILITY OF THE NEIGHBORHOODS WHICH ARE AFFECTED BY URBAN CONDITIONS THROUGHOUT THE GREATER...

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TO MAKE STRATEGIC INVESTMENTS THAT PROMOTE THE STABILITY, SAFETY AND RESIDENTIAL AND COMMERCIAL DESIRABILITY OF THE NEIGHBORHOODS WHICH ARE AFFECTED BY URBAN CONDITIONS THROUGHOUT THE GREATER MILWAUKEE COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,164,963
Investment Income $596,215
Other Revenue $9,303
TOTAL REVENUE $3,770,481

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,819,082
Other Expenses $3,391,399
TOTAL EXPENSES $3,392,399

Year-over-Year Comparison

2024 2023 Change
Revenue $3,770,481 $4,640,996 -0.2%
Expenses $3,392,399 $3,337,542 +0.0%
Net Income $378,082 $1,303,454 -0.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK KREJCI CO-CHAIR 1.00
Officer Director
$0 $0 $0
PAT O'BRIEN PRESIDENT 1.00
Officer Director
$0 $0 $0
CRAIG KAMMHOLZ TREASURER 1.00
Officer Director
$0 $0 $0
STEPHEN CHERNOF CO-CHAIR 1.00
Officer Director
$0 $0 $0
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 $3,770,481 $3,392,399 $22,066,544 $378,082
2023 $4,640,996 $3,337,542 $21,999,381 $1,303,454
2022 $3,981,628 $3,181,300 $21,147,272 $800,328
2021 $4,044,506 $3,062,329 $23,035,863 $982,177
2020 $4,045,090 $4,173,499 $22,337,660 $-128,409
2019 $3,265,991 $3,086,593 $16,123,975 $179,398
2018 $3,212,025 $2,956,303 $16,286,632 $255,722
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