2024-11-11T16:02:11-06:00 2023-12-31 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-01-01 391809548 MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION MART 4142645000 2745 N MARTIN LUTHER KING DRIVE MILWAUKEE WI 53212 NICOLE ROBBINS EXECUTIVE DIRECTOR 4142645000 2024-11-11 1 1 SAMUEL T BOERMA P00614373 8506500125 2023 2024-10-15 13:58:12Z NICOLE ROBBINS 2745 N MARTIN LUTHER KING DRIVE MILWAUKEE WI 53212 965733 0 X N/A X 1993 WI TO REBUILD THE HARAMBEE COMMUNITY 11 11 2 12 0 0 45420 0 783718 633570 29658 29427 310815 302736 1169611 965733 0 0 0 0 182106 200611 0 0 0 935018 861074 1117124 1061685 52487 -95952 13094688 13155955 2803989 2961208 10290699 10194747 TO REBUILD THE HARAMBEE COMMUNITY 0 0 943791 936306 INTEGRATED NEIGHBORHOOD REVITALIZATION STRATEGY AND PROJECT DEVELOPMENT. THIS PROGRAM PROVIDED VALUABLE INFORMATION AND RESOURCES FOR PROSPECTIVE FIRST-TIME HOMEOWNERS. PARTICIPANTS WERE ENGAGED IN BUDGETING AND OTHER FINANCIAL-RELATED ACTIVITIES TO ENSURE THE MATERIAL WAS COMPREHENDED. THE PROGRAM RECEIVED POSITIVE FEEDBACK FROM THE PARTICIPANTS. 943791 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 8 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 WI X GRANT ACCOUNTING SERVICES 4144426370 2745 N MARTIN LUTHER KING DR MILWAUKEE WI 53212 BEN JOHNSON PRESIDENT 1.00 X X 0 0 0 JIM MILNER DIRECTOR 1.00 X 0 0 0 LAMARR FRANKLIN DIRECTOR 1.00 X 0 0 0 MARCELLIUS BROWN DIRECTOR 1.00 X 0 0 0 GENYNE EDWARDS SECRETARY 1.00 X X 0 0 0 KEN LITTLE TREASURER 1.00 X X 0 0 0 ROBERT ISABELL DIRECTOR 1.00 X 0 0 0 MCARTHUR WEDDLE VICE PRESIDENT 1.00 X X 0 0 0 CLARENCE HILL DIRECTOR 1.00 X 0 0 0 KEVIN NEWELL DIRECTOR 1.00 X 0 0 0 CLIFTON PHELPS DIRECTOR 1.00 X 0 0 0 NICOLE ROBBINS EXECUTIVE DIRECTOR 20.00 X 80000 0 0 80000 0 0 0 0 0 0 0 RENTAL REVENUE 531110 440628 440628 PROJECT INTEREST INCOM 522220 117108 117108 K-1 INVESTMENT INCOME 531110 68042 68042 PROJECT DEVELOPMENT IN 531390 7792 7792 633570 29427 29427 302001 0 302001 302001 302001 MISCELLANEOUS 531110 735 735 735 965733 936306 0 29427 80000 67271 12729 108389 91143 17246 1603 1603 10619 8929 1690 26854 26854 12790 12790 21200 21200 1550 1550 19000 19000 19088 10689 8399 140790 140790 67923 67923 269984 269984 50397 35670 14727 REPAIRS AND MAINTENANCE 188307 188307 OTHER RENTING EXPENSES 18344 10089 8255 SECURITY CONTRACT 9931 9931 MISC TAXES, LICENSES, P 8122 8122 6794 6794 1061685 943791 117894 0 824578 991361 100067 118948 2225455 2125076 18223 20442 10116752 3913733 6403560 6203019 1558964 1543410 30056 28489 1933785 2125210 13094688 13155955 57537 165584 61429 161925 2546971 2491792 138052 141907 2803989 2961208 X 10290699 10194747 10290699 10194747 13094688 13155955 -95952 0 X 0 1 X 0 0 X 87649 103812 115000 45420 0 351881 87649 103812 115000 45420 351881 351881 83385 37616 51869 29658 29427 231955 142641 96825 38258 13118 735 291577 875413 1417288 0.40200 0.38160 X THE ORGANIZATION OWNS AND OPERATES SEVERAL LOW INCOME RENTAL PROPERTIES AS PART OF ITS CHARITABLE MISSION. THE PURPOSE OF THESE PROJECTS ARE TO BUILD AND IMPROVE THE COMMUNITY IN THE HARAMBEE NEIGHBORHOOD. THIS IMPROVES THE LIVES OF THE RESIDENTS OF THE AREA AS WELL AS RESTORES THE CULTURE OF CONFIDENCE INTO THE NEIGHBORHOOD. 550205 550205 9075820 3601206 5474614 320993 242400 78593 169734 70127 99607 6203019 INVESTMENT - PROGRAM INVESTMENTS 1543410 C 1543410 ACCRUED INTEREST RECEIVABLE 274877 DEVELOPMENT FEES RECEIVABLE 781058 SECURITY DEPOSIT 33375 RESTRICTED CASH - WHEDA 432394 ACCRUED ADMIN FEE 60980 DEVELOPMENT PROPERTIES HELD FOR SALE 542526 2125210 SECURITY DEPOSIT LIABILITY 50749 ACCRUED INVESTOR FEES 91158 141907 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE LLC'S HAVE ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR THE ACTIVITIES, THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE COMBINED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN IS REVIEWED BY THE BOARD TREASURER AND THE EXECUTIVE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST. 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