Wisconn Valley Revitalization Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 844825271 ✦ Racine, WI ✦ Designated as a 501(c)(3)

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Overview

What is Wisconn Valley Revitalization Corporation?

Wisconn Valley Revitalization Corporation is a nonprofit organization situated in Racine, Wisconsin. Their primary mission is to promote economic, personal, and social advancement in the Racine County community and surrounding areas. They achieve this by facilitating affordable housing opportunities through innovative funding sources like LIHTC, or other creative means. The corporation's primary focus is on affordable housing development and neighborhood revitalization, but it also engages in property management, social service management, and community development initiatives. Their ultimate goal is to reduce racial disparity, improve socioeconomics, and enhance the well-being and success of the citizens they serve.

Is Wisconn Valley Revitalization Corporation legitimate?

Wisconn Valley Revitalization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconn Valley Revitalization Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,621

For more financial information, click here

What is the mission statement of Wisconn Valley Revitalization Corporation?

The Wisconn Valley Revitalization Corporation's mission is to serve the needs of communities, including Racine County and its surrounding areas, by promoting economic, personal, and social upward mobility for individuals and families. This is achieved through the identification and provision of necessary tools to become self-sufficient. The corporation primarily focuses on affordable housing development and neighborhood revitalization, but also extends its reach to property management, social service management, and community development initiatives. By implementing programs that work in unison, the corporation aims to reduce racial disparity, improve socioeconomics, and advance the well-being and success of the citizens it serves.

Who is the CEO of Wisconn Valley Revitalization Corporation?

Deborah Madsen is the Chariman of Wisconn Valley Revitalization Corporation.

What is the revenue of Wisconn Valley Revitalization Corporation?

Wisconn Valley Revitalization Corporation's revenue in 2020 was $14,085.

Who are the executives of Wisconn Valley Revitalization Corporation and what are their salaries?

There 1 volunteer at Wisconn Valley Revitalization Corporation.


Here are 6 key members and their salaries:


Samuel Wahlen (Chariman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Cruise (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald M Molnar (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Verhaalen (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willie Riley (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Madsen (Executive Director)
  • Compensation: $85,448
  • Related: $0
  • Other: $34,166
Where can I find the form 990 for Wisconn Valley Revitalization Corporation?

Wisconn Valley Revitalization Corporation's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Wisconn Valley Revitalization Corporation

Wisconn Valley Revitalization Corporation is committed to serving the needs of its community and surrounding areas, focusing on promoting economic, personal, and social upward mobility for individuals and families. Their mission is to achieve self-sufficiency by identifying the necessary tools and opportunities. The corporation primarily concentrates on affordable housing development and neighborhood revitalization. In addition to this, they engage in property management, social service management, and community development initiatives. By implementing programs that work together, Wisconn Valley Revitalization Corporation aims to reduce racial disparity, improve socioeconomics, and advance the well-being and success of the citizens they serve. Their ultimate goal is to create a positive impact on society by fostering self-sufficient communities.

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Impact




August, 2024

Wisconn Valley Revitalization Corporation's impact is focused on facilitating affordable housing opportunities in Racine County, Wisconsin. By utilizing LIHTC or other creative funding sources, the organization aims to provide quality housing for individuals and families in the community. Their mission is to promote economic, personal, and social upward mobility by offering opportunities that help individuals become self-sufficient. Wisconn Valley Revitalization Corporation's primary focus is on affordable housing development and neighborhood revitalization, along with property management, social service management, and community development initiatives. Through these efforts, the organization works to reduce racial disparity, improve socioeconomics, and enhance the well-being and success of the citizens they serve.




This information is meant to be a general summary of Wisconn Valley Revitalization Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$14,085 (2020)
Expenses
$43,645 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Program Service Revenue: $14,085
  • Gross Receipts: $14,085

Assets and Liabilities:

  • Total Assets: $940,883
  • Total Liabilities: $970,443
  • Net Assets: -$29,560

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENT & RELATED

Revenue

$14,085

Organization Details

Founding Year

2019

Principal Officer

Deborah Madsen

Main Address

837 MAIN ST, RACINE, WI, 53403

NTEE Category

Code: L20 - Housing

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