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TO ENHANCE NEIGHBORHOOD VITALITY, FACILITATE A SUSTAINABLE AND ECONOMICALLY DIVERSE COMMUNITY, AND BUILD WEALTH THROUGH THE DESIGN AND IMPLEMENTATION OF INNOVATIVE FINANCE PROGRAMS IN THE CITY OF MILWAUKEE.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$2.4M
Program Spending
90%
of total expenses go to program services
Total Contributions
$1.8M
Total Expenses
▼$1.9M
Total Assets
$11.4M
Total Liabilities
▼$8.3M
Net Assets
$3.1M
Officer Compensation
→N/A
Other Salaries
$361.2K
Investment Income
$496.8K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $736.4K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
CYNDY JOHNSON LLC93-4275266 | MILWAUKEE, WI | $100K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
ZDH HOLDINGS LLC92-2221115 | MILWAUKEE, WI | $79.1K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
COFFEE MAKES YOU BLACK81-0599567 | MILWAUKEE, WI | $62.3K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
ZIM KNIVES LLC46-3438298 | MILWAUKEE, WI | $40K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
FAVORITES LLC84-3994777 | MILWAUKEE, WI | $34.7K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
COURIER COMMUNICATIONS CORPORATION39-1172338 | MILWAUKEE, WI | $34.7K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
1700 PULLUP LLC85-0653147 | MILWAUKEE, WI | $30.3K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
I & CJ'S LLC61-2035952 | MILWAUKEE, WI | $28.8K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
TRILOGY BEHAVIORAL HEALTH SERVICES88-3919472 | MILWAUKEE, WI | $26.7K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
AFRICAN AMERICAN CHAMBER OF COMMERCE39-1768969 | MILWAUKEE, WI | $26.4K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
BUFFALO BOSS MIDWEST LLC87-3341196 | MILWAUKEE, WI | $20K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
IVORY HILLS FAMILY CHILD CARE CENTER LLC81-5488022 | MILWAUKEE, WI | $18.3K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
ART BY APRIL83-2121990 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
BEAUTIFULLY BOLD INC82-2237575 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
BONIFIED NUTRITION84-2204075 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
OUTREACH 4 HEALTHY TEETH84-2242837 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
PETALS BY FELICIA LLC46-5656258 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
PLUSH CLOTHING LLC05-0634937 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
2SWIFTSUITS LLC45-3617556 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
X&S BEAUTY BAR LLC85-3215871 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
SERVANTEZ LAW OFFICES31-1779837 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
LASHES DE YAMI LLC39-3886394 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
MRS BETTY'S KITCHEN82-0927049 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
I LOVE TAMALES LLC47-2326493 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
THE PLANT LADY LLC86-2622782 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
THE BRANCH AT 1501 LLC81-4726168 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
GRIND SEASON LLC81-1652706 | RACINE, WI | $15K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
DEAD FLY LLC85-1528130 | RACINE, WI | $10K | Cash | SMALL BUSINESS ASSISTANCE GRANT |
| Total | $736.4K | |||
CYNDY JOHNSON LLC
MILWAUKEE, WI
$100K
ZDH HOLDINGS LLC
MILWAUKEE, WI
$79.1K
COFFEE MAKES YOU BLACK
MILWAUKEE, WI
$62.3K
ZIM KNIVES LLC
MILWAUKEE, WI
$40K
FAVORITES LLC
MILWAUKEE, WI
$34.7K
COURIER COMMUNICATIONS CORPORATION
MILWAUKEE, WI
$34.7K
1700 PULLUP LLC
MILWAUKEE, WI
$30.3K
I & CJ'S LLC
MILWAUKEE, WI
$28.8K
TRILOGY BEHAVIORAL HEALTH SERVICES
MILWAUKEE, WI
$26.7K
MILWAUKEE, WI
$26.4K
BUFFALO BOSS MIDWEST LLC
MILWAUKEE, WI
$20K
IVORY HILLS FAMILY CHILD CARE CENTER LLC
MILWAUKEE, WI
$18.3K
ART BY APRIL
RACINE, WI
$15K
BEAUTIFULLY BOLD INC
RACINE, WI
$15K
BONIFIED NUTRITION
RACINE, WI
$15K
OUTREACH 4 HEALTHY TEETH
RACINE, WI
$15K
PETALS BY FELICIA LLC
RACINE, WI
$15K
PLUSH CLOTHING LLC
RACINE, WI
$15K
2SWIFTSUITS LLC
RACINE, WI
$15K
X&S BEAUTY BAR LLC
RACINE, WI
$15K
SERVANTEZ LAW OFFICES
RACINE, WI
$15K
LASHES DE YAMI LLC
RACINE, WI
$15K
MRS BETTY'S KITCHEN
RACINE, WI
$15K
I LOVE TAMALES LLC
RACINE, WI
$15K
THE PLANT LADY LLC
RACINE, WI
$15K
THE BRANCH AT 1501 LLC
RACINE, WI
$15K
GRIND SEASON LLC
RACINE, WI
$15K
DEAD FLY LLC
RACINE, WI
$10K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.7M
Awards Found
5
Department of the Treasury
$794.9K
PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
8
Clean years
7
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $1.8M | No | 2026-09-09 |
| 2024 | Clean | Unmodified (Clean) | $2.1M | Yes | 2026-09-09 |
| 2023 | Minor Findings | Unmodified (Clean) | $2.4M | Yes | 2024-09-23 |
| 2022 | Clean | Unmodified (Clean) | $2.6M | Yes | 2023-07-02 |
| 2021 | Clean | Unmodified (Clean) | $1.7M | No | 2022-05-16 |
| 2020 | Clean | Unmodified (Clean) | $1.2M | Yes | 2021-07-29 |
| 2019 | Clean | Unmodified (Clean) | $1.6M | No | 2020-06-24 |
| 2018 | Clean | Unmodified (Clean) | $971.2K | No | 2019-06-11 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$1.8M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2.4M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2.6M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$1.7M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$1.2M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$1.6M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$971.2K
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $2.4M | $1.8M | $1.9M | $11.4M | $3.1M |
| 2023IRS e-File | $2.6M | $2M | $1.4M | $14M | $2.7M |
| 2022 | $1.7M | $1.2M | $1.4M | $10.9M | $1.5M |
| 2021 | $972.7K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Terese Caro | CEO | 40 | $125K | $0 | $18.6K | $143.6K |
| Troy L Reese | Chair | 1 | $0 | $0 | $0 | $0 |
| Marjorie Rucker | Secretary | 1 | $0 | $0 | $0 | $0 |
Terese Caro
CEO
$143.6K
Hrs/Wk
40
Compensation
$125K
Related Orgs
$0
Other
$18.6K
Troy L Reese
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Marjorie Rucker
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Brian Mays | Director | 1 | $0 | $0 | $0 | $0 |
| Darian Luckett | Director | 1 | $0 | $0 | $0 | $0 |
| Nicole L Robbins | Director | 1 | $0 | $0 | $0 | $0 |
| Nikki Purvis | Director | 1 | $0 | $0 | $0 | $0 |
| Richard W Lincoln | Director | 1 | $0 | $0 | $0 | $0 |
| Sally R Peltz | Director |
Brian Mays
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Darian Luckett
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nicole L Robbins
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $471.4K |
| $808K |
| $10.6M |
| $1.1M |
| 2020 | $945.8K | $488.8K | $860.6K | $10.1M | $946.9K |
| 2019 | $828K | $340.4K | $916.2K | $9.5M | $861.7K |
| 2018 | $639.9K | $211.6K | $648.6K | $9.7M | $949.9K |
| 2017 | $656.4K | $198.7K | $594.2K | $4.3M | $958.6K |
| 2016 | $545.7K | $223.1K | $647.8K | $4.5M | $896.4K |
| 2015 | $711.4K | $356.5K | $724.1K | $4.8M | $998.5K |
| 2014 | $1.1M | $793.9K | $864.2K | $3.9M | $1M |
| 2013 | $955.2K | $643.1K | $687K | $3.3M | $770.9K |
| 2012 | $660.5K | $358K | $582.3K | $3.6M | $502.7K |
| 2011 | $628.1K | $384.1K | $589.1K | $3.1M | $424.5K |
| 2010 | $319.2K | $83.3K | $481.6K | $3.4M | $385.4K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | Data |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
Nikki Purvis
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Richard W Lincoln
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sally R Peltz
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0