URBAN ECONOMIC DEVELOPMENT ASSOCIATION OF WISCONSIN INC

EIN: 391893799 501(c)(3) Community Improvement

MILWAUKEE, WI

Total Revenue
$427,910
Total Expenses
$685,730
Total Assets
$247,648
Net Assets
$212,324
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WI
Principal Officer
KRISTI LUZAR
Phone
4145629904
Tax Period
2023-01-01 to 2023-12-31

URBAN ECONOMIC DEVELOPMENT ASSOCIATION OF WISCONSIN INC, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $428K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $686K exceeded revenue, resulting in a 60% operating deficit.

Mission

UEDA IS A MEMBERSHIP ASSOCIATION DEDICATED TO THE PROFESIONAL DEVELOPMENT OF INDIVIDUALS AND GROUPS WORKING IN ECONOMIC AND COMMUNITY DEVELOMPENT IN WISCONSIN. UEDA'S WORK HAS FOCUSED PRIMARILY ON HOUSING DEVELOPMENT, ECONOMIC DEVELOPMENT AND JOB CREATION.

Program Service Accomplishments

Program 1
Expenses: $161,135

CAPACITY BUILDING - PROVIDING INFORMATION, SERVICES AND NETWORKING OPPORTUNITIES TO UEDA MEMBERS. UEDA WORKS TO KEEP ITS MEMBERS INFORMED AND UPDATED ON THE KEY ISSUES THAT IMPACT THEIR WORK...

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CAPACITY BUILDING - PROVIDING INFORMATION, SERVICES AND NETWORKING OPPORTUNITIES TO UEDA MEMBERS. UEDA WORKS TO KEEP ITS MEMBERS INFORMED AND UPDATED ON THE KEY ISSUES THAT IMPACT THEIR WORK INCLUDING HOUSING, NEIGHBORHOOD REVITALIZATION, REAL ESTATE DEVELOPMENT, FINANCIAL CAPABILITY OR ECONOMIC INCLUSION, LENDING, GOVERNMENT REGULATIONS, WORKFORCE ISSUES, REGIONAL TRANSPORTATION, ENTREPRENEURSHIP AND SMALL BUSINESS SUPPORT. OUTCOME EXAMPLES ARE MONTHLY NEWSLETTERS, EDUCATIONAL AND/OR NETWORKING EVENTS, AFFINITY GROUPS, STAKEHOLDER MEETINGS, POLICY UPDATES, LISTSERV AND SOCIAL MEDIA ENGAGEMENT.

Program 2
Expenses: $143,767

TECHNICAL ASSISTANCE - UEDA IS A SUB RECIPIENT FOR U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FOR THE CITY OF MILWAUKEE. PROJECTS INCLUDE...

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TECHNICAL ASSISTANCE - UEDA IS A SUB RECIPIENT FOR U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FOR THE CITY OF MILWAUKEE. PROJECTS INCLUDE COORDINATION OF COMMUNITY PLANNING AND EVICTION PREVENTION SERVICES, POLICY AND PROGRAM REVIEW/DEVELOPMENT, NEIGHBORHOOD-BASED DATA ANALYSIS AND TRAINING SUPPORT, AND ORGANIZATIONAL-BASED TECHNICAL ASSISTANCE TO STRENGTHEN THE OPERATIONS OF OTHER CDBGFUNDED AGENCIES (I.E., FINANCIAL MANAGEMENT, STRATEGIC PLANNING, PROGRAM EVALUATION, TECHNOLOGY INFRASTRUCTURE).

Program 3
Expenses: $111,993

FINANCIAL EMPOWERMENT: UEDA ALSO ENGAGES IN OTHER INITIATIVES AS AN INTERMEDIARY ORGANIZATION, ASSISTING TO BUILD AND FACILITATE COLLABORATIONS AMONG INDIVIDUALS, ORGANIZATIONS, AND GROUPS WORKING IN...

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FINANCIAL EMPOWERMENT: UEDA ALSO ENGAGES IN OTHER INITIATIVES AS AN INTERMEDIARY ORGANIZATION, ASSISTING TO BUILD AND FACILITATE COLLABORATIONS AMONG INDIVIDUALS, ORGANIZATIONS, AND GROUPS WORKING IN ECONOMIC AND COMMUNITY DEVELOPMENT, PARTICULARLY IN ISSUES RELATED TO ECONOMIC INCLUSION AND SMALL BUSINESS. EXAMPLES INCLUDE BANK ON GREATER MILWAUKEE, FINANCIAL EQUITY GROUP, FOOD ENTERPRISE DEVELOPMENT NETWORK (FEDN), MONEY SMART WEEK WISCONSIN MILWAUKEE PLANNING COUNCIL, AND SMALL BUSINESS AFFINITY GROUP (ALL ACTIVE PROJECTS OF UEDA).

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $429,704
Program Service Revenue $6,942
Investment Income $975
Other Revenue $-9,711
TOTAL REVENUE $427,910

Expense Breakdown

Grants Paid $14,715
Salaries & Benefits $338,024
Fundraising Expenses $14,033
Program Expenses $574,848
Other Expenses $332,991
TOTAL EXPENSES $685,730

Year-over-Year Comparison

2023 2022 Change
Revenue $427,910 $652,783 -0.3%
Expenses $685,730 $528,856 +0.3%
Net Income $-257,820 $123,927 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
86

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
5
$88,108
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIKKI PAYNE PRESIDENT 1.00
Officer Director
$0 $0 $0
BARBARA MARKOFF VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NATHAN GUEQUIERRE SECRETARY 1.00
Officer Director
$0 $0 $0
PETER RICHARDSON TREASURER 1.00
Officer Director
$0 $0 $0
VAUGHN BARKER DIRECTOR 1.00
Director
$0 $0 $0
SHERRI JORDAN DIRECTOR 1.00
Director
$0 $0 $0
GISELA ORTEGA DIRECTOR 1.00
Director
$0 $0 $0
NIKKI PURVIS DIRECTOR 1.00
Director
$0 $0 $0
KATE MADISON DIRECTOR 1.00
Director
$0 $0 $0
MIKE WARD DIRECTOR 1.00
Director
$0 $0 $0
KRISTI LUZAR EXEUCTIVE DIRECTOR 40.00
Officer
$66,827 $21,281 $88,108
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 No data No data No data No data
2023 $427,910 $685,730 $247,648 $-257,820
2022 $652,783 $528,856 $491,165 $123,927
2021 $619,501 $537,421 $358,836 $82,080
2020 $579,308 $521,151 $273,027 $58,157
2019 $439,332 $419,942 $223,845 $19,390
2018 $356,777 $261,801 $195,130 $94,976
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