2024-11-13T11:10:04-06:00 2023-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2023-01-01 391731739 RIVERWORKS DEVELOPMENT CORPORATION RIVE 4149069650 526 E CONCORDIA AVENUE MILWAUKEE WI 53212 MUSTAFA EMIR BOARD PRESIDENT 4149069650 2024-11-13 1 0 KATY L SOMMER P00273273 4142711451 2024-11-12 2023 2024-10-15 13:58:12Z MUSTAFA EMIR 526 E CONCORDIA AVENUE MILWAUKEE WI 53212 3291053 0 X WWW.RIVERWORKSMKE.ORG X 1992 WI RIVERWORKS DEVELOPMENT CORPORATION (RDC) DRIVES SOCIAL AND ECONOMIC DEVELOPMENT BY ALIGNING RESIDENTS AND BUSINESSES WITH SPECIALIZED RESOURCES THAT STRENGTHEN HARAMBEE, RIVERWEST AND SURROUNDING COMMUNITIES. 13 13 37 95 154988 13886 1884621 2146138 655914 684353 5095 10182 -54118 -11559 2491512 2829114 0 90301 0 0 1173510 1187708 116356 106950 164163 684440 887473 1974306 2272432 517206 556682 6357876 7065704 3062618 3213764 3295258 3851940 X RIVERWORKS DEVELOPMENT CORPORATION (RDC) DRIVES SOCIAL AND ECONOMIC DEVELOPMENT BY ALIGNING RESIDENTS AND BUSINESSES WITH SPECIALIZED RESOURCES THAT STRENGTHEN HARAMBEE, RIVERWEST AND SURROUNDING COMMUNITIES. 0 0 409759 10600 FINANCIAL CLINIC: PROVIDES INNOVATIVE SOLUTIONS TO HELP FAMILIES, INDIVIDUALS AND SMALL BUSINESSES REACH THEIR FULL POTENTIAL BY INCREASING CREDIT SCORES, BUILDING WEALTH, AND LEARNING NEW WAYS TO ACHIEVE SHORT AND LONG-TERM FINANCIAL GOALS. THE CLINIC ACCOMPLISHES THIS THROUGH ONE-ON-ONE FINANCIAL COACHING, GROUP-BASED EDUCATION, FREE TAX PREPARATION SERVICES, DEBT MANAGEMENT, PLANNING, GOAL SETTING, BUILDING BANKING RELATIONSHIPS, AND OTHER REFERRAL RESOURCES. IN 2023, THE FINANCIAL CLINIC ADDRESSED THE FINANCIAL CHALLENGES OF 821 MILWAUKEE RESIDENTS, AND 1,390 INDIVIDUALS WERE ASSISTED IN PREPARING AND SUBMITTING THEIR TAX RETURNS THROUGH THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM. 432447 31800 NEIGHBORHOOD DEVELOPMENT: COLLABORATES WITH RESIDENTS AND OTHER STAKEHOLDERS TO CREATE A VIBRANT COMMUNITY THAT REFLECTS THE CULTURE AND VALUES OF THE HARAMBEE AND RIVERWEST NEIGHBORHOODS. THIS INCLUDES ACTIVATING AND REVITALIZING PUBLIC SPACES WITH ART AND CULTURE, FACILITATING COMMUNITY IMPROVEMENT AND SAFETY PROJECTS, AND CONNECTING RESIDENTS AND HOMEOWNERS TO RESOURCES - INCLUDING THOSE AVAILABLE THROUGH THE HARAMBEE NEIGHBORHOOD IMPROVEMENT DISTRICT (NID) #7. IN 2023, RESIDENTS ENGAGED IN THE BEERLINE SHUFFLE, MUSIC ON THE BEERLINE, THE RIVERWEST FARMERS MARKET, THE 53212MARKETPLACE SERIES, ART HOP THRU THE 53212, NEIGHBORHOOD CLEAN UPS, AND OTHER EVENTS THAT UNITE THE HARAMBEE AND RIVERWEST COMMUNITIES. THE HARAMBEE QUALITY OF LIFE PLAN BROUGHT TOGETHER COMMUNITY STAKEHOLDERS AND RESIDENTS TO CONTINUE PLANNING PHASES FOR A PLAN TO IMPROVE THE NEIGHBORHOOD AND RESIDENT QUALITY OF LIFE. THE BEERLINE TRAIL NEIGHBORHOOD DEVELOPMENT PROJECT CONTINUED TO ENSURE THE NEXT PHASES OF TRAIL DEVELOPMENT SERVE THE NEEDS OF THE COMMUNITY, AND THAT OTHER DEVELOPMENT INSPIRED BY AND CENTERED AROUND THE TRAIL BENEFITS RESIDENTS EQUITABLY. 238703 25638 BUSINESS DEVELOPMENT HUB: PROVIDES TECHNICAL ASSISTANCE TO LOCAL ENTREPRENEURS AND BUSINESSES. OUR BUSINESS SPECIALISTS PROVIDE BUSINESS COACHING AND STRATEGIC BUDGETING SESSIONS TO HELP FIND FUNDING AND GRANT OPPORTUNITIES THAT FIT THEIR NEEDS. SERVICES AVAILABLE TO BUSINESSES INCLUDE PROPERTY/BUSINESS BEAUTIFICATION STRATEGIES, SECURITY INITIATIVES, MARKETING & PROMOTIONAL OPPORTUNITIES, AND BUSINESS PLANNING. WE CONNECT PROPERTY OWNERS AND ENTREPRENEURS/SMALL BUSINESSES TO PHYSICAL SPACE AND PROVIDE EACH ENTREPRENEUR WITH OUR NETWORK OF PARTNERS AND EDUCATIONAL OPPORTUNITIES. IN 2023, THE HUB ASSISTED 67 NEW BUSINESSES IN STARTING, GROWING, MARKETING, AND FUNDING THEIR VENTURES. THROUGH THE BREW CITY MATCH GRANT PROGRAM, MILWAUKEE BUSINESSES WERE AWARDED A TOTAL OF $153,581 FOR MARKETING, PREDEVELOPMENT AND CONSTRUCTION COSTS. 547453 432000 RIVERWORKS CLEANS: HIRES COMMUNITY MEMBERS WHO HAVE BARRIERS TO EMPLOYMENT THROUGH THIS SOCIAL ENTERPRISE PROGRAM. THEY SERVE THE COMMUNITY BY CLEANING UP SIDEWALKS AND CURBS, VACANT LOTS AND COMMERCIAL DISTRICTS. SERVICES INCLUDE LITTER AND GRAFFITI REMOVAL, EVENT SET UP, MINOR LANDSCAPING, STREETSCAPE MAINTENANCE, AND RETURNING STOLEN PROPERTY. CONTRACTS INCLUDE PRIVATE BUSINESSES, BIDS, AND THE CITY OF MILWAUKEE. IN 2023, RIVERWORKS CLEANS WORKED IN 7 MILWAUKEE BUSINESS IMPROVEMENT DISTRICTS AND COLLECTED 111,420 GALLONS OF LITTER, EMPTIED 840 TRASH CANS, AND RETURNED 421 SHOPPING CARTS. RIVERWORKS CLEANS ALSO COMPLETED 1,559 ILLEGAL DUMP WORK ORDERS ISSUED BY THE CITY OF MILWAUKEE, RESULTING IN 8,071 CUBIC YARDS OF DEBRIS, REMOVED FROM CITY OWNED PROPERTIES. 219222 REAL ESTATE DEVELOPMENT: LEADS CATALYTIC RESIDENTIAL AND COMMERCIAL PROJECTS WHICH HAVE A POSITIVE ECONOMIC AND SOCIAL IMPACT ON THE COMMUNITY. THE FOUR CORE VALUES ARE: CREATE JOBS, STABILIZE THE TAX BASE, REPURPOSE VACANT & BLIGHTED PROPERTIES, AND GENERATE REVENUE FOR RDC'S PROGRAMS. THE RIVERWORKS CITY CENTER, COMPLETED IN 2018, HOUSES THE OFFICES FOR RDC STAFF, AS WELL AS THE RIVERWORKS COIN LAUNDRY, A ROTATING WHITEBOX SPACE FOR LOCAL BUSINESSES, A SPACED RENTED TO FAMILY DOLLAR, AND THE BEERLINE PLAZA. THE RIVERWORKS LOFTS, COMPLETED IN 2012, HAS ONE- AND TWO- BEDROOM LOFT-STYLE APARTMENTS ON THE INTERSECTION OF HOLTON AND TOWNSEND. THE RIVERWORKS COMMONS, COMPLETED IN 2004, IS A SHOPPING CENTER ON CAPITOL DRIVE WITH 21,000 FEET OF RETAIL SPACE. IN 2023, RDC COMPLETED CONSTRUCTION ON THE CONNECTOR BUILDING, WHICH IS A 2,900 SQUARE FOOT SPACE THAT HOSTS A MULTI-USE COMMUNITY ROOM AND CAFE ADJACENT TO THE BEERLINE TRAIL; KUUMBA JUICE & COFFEEHOUSE OPENED FOR BUSINESS IN THE CONNECTOR BUILDING IN FEBRUARY 2024. 766675 432000 1847584 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 43 0 1 37 1 1 1 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 1 1 WI X DARRYL JOHNSON 4149069650 526 E CONCORDIA AVE MILWAUKEE WI 53212 ADRIAN SPENCER DIRECTOR 1.00 X 0 0 0 ANDREW RUEHL DIRECTOR 1.00 X 0 0 0 CASSANDRA FLAGG DIRECTOR 1.00 X 0 0 0 ERIKA TURNER TREASURER 1.00 X X 0 0 0 GLENN MATTISON DIRECTOR 1.00 X 0 0 0 MICHAEL MAISTELMAN DIRECTOR 1.00 X 0 0 0 MIKE OLSON DIRECTOR 1.00 X 0 0 0 MUSTAFA EMIR PRESIDENT 1.00 X X 0 0 0 NEIL WHITE SECRETARY 1.00 X X 0 0 0 SHAWNTA EATON-LESCHIG VICE PRESIDENT 1.00 X X 0 0 0 STEVE ADAMS DIRECTOR 1.00 X 0 0 0 TED TORCIVIA DIRECTOR 1.00 X 0 0 0 VERNON SINGLETON DIRECTOR 1.00 X 0 0 0 DARRYL JOHNSON EXECUTIVE DIRECTOR 40.00 X 108597 0 43597 108597 0 43597 1 0 1 0 JORDAN'S CONSTRUCTION SERVICES LLC 2373 N 14TH ST MILWAUKEE WI 53206 CONSTRUCTION AND PROJECT MANAGEMENT SERV 346232 MCDONALD SCHAEFER LLC 2921 LANDMARK PLACE SUITE 300 MADISON WI 53713 FUNDRAISING SERVICES 142800 2 698715 1447423 1525 2146138 CITY OF MILWAUKEE 900099 248159 248159 OTHER PROGRAM SERVICES 900099 209479 209479 COIN LAUNDRY 900099 184315 184315 ADMIN SUPPORT-BUS IMP 900099 42400 42400 684353 10182 10182 440451 461939 -21488 -21488 -29327 7839 7669 0 7669 7669 OTHER INCOME 900099 2260 2260 2260 2829114 502298 154988 25690 90301 90301 152195 124982 20981 6232 782348 677333 66741 38274 155098 132159 18084 4855 98067 60283 34521 3263 25330 25330 42498 42498 106950 106950 222481 200054 20302 2125 10842 10253 589 55224 26312 26448 2464 47036 39632 7404 670 667 3 14266 13999 267 30918 30611 307 37496 23994 13502 17561 9220 8341 LAWSUIT SETTLEMENT 100000 100000 DISPOSAL 93848 93848 COIN LAUNDRY PARTNER FE 86532 86532 VEHICLE MAINTENANCE 44145 44145 58626 57929 697 2272432 1847584 260685 164163 439154 372195 291978 232049 391601 759556 839029 868069 15714 15847 6191693 1507120 4269429 4684573 110971 133415 6357876 7065704 144286 127139 78014 7267 2814486 3060174 25832 19184 3062618 3213764 X 2088841 2232392 1206417 1619548 3295258 3851940 6357876 7065704 556682 0 X 0 1 X 1 0 X 499920 1335328 1187828 1884621 2146139 7053836 499920 1335328 1187828 1884621 2146139 7053836 987940 6065896 5242 4750 4598 5095 10182 29867 124916 127030 177148 177519 184315 790928 451281 477321 457432 487145 509200 2382379 10257010 0.59140 0.57090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 307070 307070 5740161 1417394 4322767 24932 10325 14607 52801 28243 24558 66729 51158 15571 4684573 CAPITAL LEASE - COPIER 16184 SECURITY DEPOSIT 3000 19184 X 3291053 461939 461939 2829114 0 2829114 2734371 461939 461939 2272432 0 2272432 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES (PRIMARILY RENTAL INCOME) NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2023, THE ORGANIZATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. THE ORGANIZATION IS CURRENTLY NOT UNDER AUDIT BY ANY FEDERAL OR STATE TAXING AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 461,939. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 461,939. X X X X X 1 MCDONALD SCHAEFER LLC 207 E BUFFALO ST 604 MILWAUKEE WI 53202 FUNDRAISING SERVICES 0 602974 142800 460174 DAWN HUTCHINSON-WEISS 3539 E AMERICAN AVE OAK CREEK WI 53154 FUNDRAISING SERVICES 0 0 800 -800 602974 143600 459374 1 LUSH POPCORN 920 E LOCUST STREET MILWAUKEE WI 53212 75000 0 BREW CITY MATCH PASS THROUGH GRANT AMBITION CENTER MKE 530 E VIENNA AVE MILWAUKEE WI 53212 7116 0 BREW CITY MATCH PASS THROUGH GRANT 2 X X 0 0 0 0 0 0 0 0 0 DARRYL JOHNSON EXECUTIVE DIRECTOR 108597 0 0 0 0 0 8000 0 35597 0 152194 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 LINE 4 - WE UPDATED THE PURPOSE AND SERVICE AREA SECTIONS TO BE MORE REPRESENTATIVE OF OUR CURRENT PROGRAMS. WE UPDATED THE BOARD'S SIZE, COMPOSITION, QUALIFICATIONS AND DUTIES SECTION TO REFLECT THE REQUIREMENTS OF OUR BOARD AS DICTATED BY CITY OF MILWAUKEE CDGA. WE REMOVED THE REQUIREMENT OF FOUR OF OUR BOARD MEMBERS BE APPOINTED BY OUTSIDE ORGANIZATIONS SUCH AS BIDS. WE EDITED THE THE EXECUTIVE COMMITTEE SECTION TO STATE THAT THE COMMITTEE COULD NOT ENTER INTO CONTRACTS GREATER THAN $25,000. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - TREASURER/VICE PRESIDENT REVIEWS THE 990 BEFORE IT IS FILED, AND REPORTS TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE FILLED OUT AND SIGNED DURING BOARD MEMBER ONBOARDING, AS WELL AS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL REVIEW IS DONE BY THE EXECUTIVE COMMITTEE TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR. ALL OTHER EMPLOYEE'S COMPENSATIONS ARE DETERMINED BY THE EXECUTIVE DIRECTOR, ARE REVIEWED BY THE FINANCE COMMITTEE, AND APPROVED BY THE BOARD THROUGH THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST 3901 N RICHARDS ST LLC 526 E CONCORDIA AVE MILWAUKEE WI 53212 412090592 SHOPPING CENTER WI 296031 1077592 100 3372 N HOLTON ST LLC 526 E CONCORDIA AVE MILWAUKEE WI 53212 391731739 REAL ESTATE WI 100 FIVE POINT EXCHANGE HOLDINGS LLC 526 E CONCORDIA AVE MILWAUKEE WI 53212 471288880 REAL ESTATE WI 100 RIVERWORKS CITY CENTER LLC 526 E CONCORDIA AVE MILWAUKEE WI 53212 412090589 NONPROFIT OFFICES WI 417308 100 KEEFE AVENUE CROSSING LLC 526 E CONCORDIA AVE MILWAUKEE WI 53212 471286301 REAL ESTATE WI 207283 100 HARAMBEE NEIGHBORHOOD IMPROVEMENT DISTRICT 526 E CONCORDIA AVE MILWAUKEE WI 53212 824265781 WI 501(A) LINE 6 0 RIVERWORKS LOFTS 5201 E TERRACE DR MADISON WI 53718 273814632 REAL ESTATE WI -9 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 RIVERWORKS LOFTS D 560000 FMV