Nonprofit · EIN 39-1815578
FORWARD COMMUNITY INVESTMENTS INC
Tax-exempt · MADISON, WI 53713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,661,266 | $3,006,726 | $654,540 | $34,802,949 | $18,352,957 | $16,449,992 |
| December 31, 2023 | 990 | $3,357,666 | $2,652,437 | $705,229 | $33,131,053 | $17,117,226 | $16,013,827 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $327,450
- Program service revenue
- $3,028,847
- Investment income
- $280,969
- Net rental income
- $24,000
- Net gain from sales of assets
- $267
- Other revenue
- $24,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $243,062
- Other salaries and wages
- $1,082,002
- Salaries, compensation and benefits (total)
- $1,609,538
- Professional fundraising fees
- $0
- Legal fees
- $110,778
- Accounting fees
- $106,533
- Occupancy
- $91,902
- Depreciation
- $32,567
- Program services (functional)
- $1,828,189
- Management and general (functional)
- $1,174,942
- Fundraising (functional)
- $3,595
Balance sheet and other
- Total assets, start of year
- $33,131,053
- Total assets, end of year
- $34,802,949
- Total liabilities, end of year
- $18,352,957
- Net assets, end of year
- $16,449,992
- Land, buildings and equipment
- $370,317
- Publicly traded securities
- $725,373
- Net assets without donor restrictions
- $14,119,332
- Net assets with donor restrictions
- $2,330,660
- Gross receipts
- $5,160,999
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1994
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN ZERWER | PRESIDENT & CEO Officer | 40 | $243,062 | $0 |
| ROBERT BEACH | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $170,713 | $10,224 |
| EVAN REED | DIRECTOR OF LENDING Highest-paid employee | 40 | $148,698 | $16,094 |
| FAUSTO RIVERA | SENIOR COMMUNITY LENDER Highest-paid employee | 40 | $114,733 | $37,676 |
| KIRBY TOON | DIRECTOR OF CAPITAL STRATEGY Highest-paid employee | 40 | $136,297 | $4,095 |
| JODEL WOGOU | DIRECTOR OF FINANCE Highest-paid employee | 40 | $103,962 | $8,964 |
| JASMINE MERCADO | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RAYNETTA HILL | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEFF MACK JR | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAMELA GUTHMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PAUL FEHRENBACH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIKE FLYNN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS LAURENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FERN ORIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALLY ORZECHOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN ZERWER | PRESIDENT & CEO Officer | 40 | $226,136 | $27,575 |
| ROBERT BEACH | DIRECTOR OF CAPITAL STRATEGY Highest-paid employee | 40 | $162,730 | $9,755 |
| FAUSTO RIVERA | COMMUNITY LENDER Highest-paid employee | 40 | $112,352 | $47,710 |
| REBECCA BAINS | DIRECTOR OF FINANCE & COMPLIANCE (THRU OCT) Highest-paid employee | 40 | $109,794 | $12,788 |
| SHARRON SMITH | COMMUNITY LENDER Highest-paid employee | 40 | $100,024 | $19,382 |
| JASMINE MERCADO | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE FLYNN | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAMELA GUTHMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PAUL FEHRENBACH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEFF MACK JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYNETTA HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS LAURENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FERN ORIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALLY ORZECHOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2352 S PARK ST STE 326, MADISON, WI 53713-1910
- Principal officer (990 for 2024)
- RYAN ZERWER, 2352 S PARK ST 326, MADISON, WI 53713
- Signed the 990
- RYAN ZERWER, PRESIDENT & CEO
- Phone
- (608) 257-3863
- Website
- FORWARDCI.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
WE INVEST IN PEOPLE, PROJECTS, AND ORGANIZATIONS THAT CREATE LASTING IMPACT, ADDRESSING COMMUNITY NEEDS IN INNOVATIVE AND EFFECTIVE WAYS. BY LEVERAGING A NETWORK OF PARTNERSHIPS AND CREATIVE FINANCING, WE ENSURE INDIVIDUALS AND NEIGHBORHOODS ACROSS WISCONSIN HAVE ACCESS TO THE RESOURCES THEY NEED TO PROSPER.
Program accomplishments
- COMMUNITY LENDING SERVICES - FCI'S LENDING SERVICES INCORPORATE ACTIVITIES ESSENTIAL TO PROVIDING LOANS TO FCI'S CLIENTS. THOSE SERVICES INCLUDE DEVELOPING AND MAINTAINING CLIENT, LENDER AND INVESTOR RELATIONS; PROCESSING LOAN REQUESTS; UNDERWRITING; LOAN SERVICING; TECHNICAL ASSISTANCE AND CONSULTING FOR CLIENTS; AND RAISING AND SERVICING INVESTMENTS. OVER ITS LIFETIME, FCI HAS DISBURSED A LITTLE MORE THAN $106.8 MILLION TO BENEFIT ORGANIZATIONS AND INITIATIVES THROUGHOUT WISCONSIN. OVER THE YEARS, FCI'S LOANS HAVE CREATED OR SUSTAINED 2,659 UNITS OF AFFORDABLE HOUSING AND INDIRECTLY PROVIDED SERVICES TO MORE THAN 721,000 LOW-INCOME INDIVIDUALS. AND, THROUGH BUSINESS INCUBATION STRATEGIES AND EXPANDED COMMUNITY FACILITIES, FCI NONPROFIT BORROWERS HAVE CREATED OR RETAINED MORE THAN 6,870 JOBS FOR WISCONSIN RESIDENTS AND ADDED OVER 1,764 NEW DAYCARE SLOTS.SOME OF FCI'S ACCOMPLISHMENTS FOR COMMUNITY LENDING SERVICES IN 2024 INCLUDE:CLOSED 17 NEW AND REFINANCED LOANS TOTALING $4.6 MILLION IN TWO DIFFERENT COUNTIES. THE FUNDS WERE USED FOR COMMUNITY FACILITIES, AFFORDABLE HOUSING, WORKING CAPITAL AND LINES OF CREDIT. CLOSED JUST OVER $27 MILLION IN NEW MARKET TAX CREDIT TRANSACTION.FCI BORROWERS RECEIVED ONE-ON-ONE TECHNICAL ASSISTANCE AND ADVICE ON TOPICS RANGING FROM MANAGING CASH FLOW TO MONITORING CONSTRUCTION BUDGETS TO DEVELOPING MULTI-YEAR PROJECTIONS.Expenses $1,792,147 · revenue $3,028,847
- COMMUNITY INVESTMENTS - ACTIVITIES INCLUDE PLANNING, IMPLEMENTATION AND OVERSIGHT OF THE ANNUAL GRANTS PROCESS; OVERSIGHT OF ANNUAL DISTRIBUTIONS FROM DONOR ADVISED FUNDS; DEVELOPING AND MAINTAINING GRANTEE AND STAKEHOLDER RELATIONSHIPS; AND PROCESSING AND SERVICING GRANT REQUESTS. THIS ALSO INCLUDES PROGRAMS FUNDED BY LARGER GRANTS THAT HAVE A PASS-THROUGH GRANT ASPECT TO THEM.SOME OF FCI'S ACCOMPLISHMENTS FOR COMMUNITY INVESTMENTS IN 2024 INCLUDE: AIDED DEPLOYMENT OF $500,000 IN GRANTS AS ADMINISTRATOR FOR RACINE DOMINICAN SISTERS TO ORGANIZATIONS IN WISCONSIN.Expenses $36,042
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1815578
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S400)
- Assets (IRS master file)
- $34,802,949
- Income (IRS master file)
- $5,160,999
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,661,266 | $3,006,726 | $34,802,949 | XML |
| 990 | December 2023 | $3,357,666 | $2,652,437 | $33,131,053 | XML |
| 990 | December 2022 | $5,155,108 | $2,939,270 | $29,924,868 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1815578).
Questions about FORWARD COMMUNITY INVESTMENTS INC
- What is the EIN of FORWARD COMMUNITY INVESTMENTS INC?
- The employer identification number (EIN) of FORWARD COMMUNITY INVESTMENTS INC is 39-1815578.
- Is FORWARD COMMUNITY INVESTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to FORWARD COMMUNITY INVESTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORWARD COMMUNITY INVESTMENTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORWARD COMMUNITY INVESTMENTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORWARD COMMUNITY INVESTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FORWARD COMMUNITY INVESTMENTS INC?
- The 990 for the year ended December 31, 2024 names RYAN ZERWER.
- Who are the officers and directors of FORWARD COMMUNITY INVESTMENTS INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 6 received compensation from the organization, the highest $243,062 (RYAN ZERWER, PRESIDENT & CEO).
- How much revenue does FORWARD COMMUNITY INVESTMENTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,661,266, expenses of $3,006,726 and total assets of $34,802,949 at year end.
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All nonprofits in MADISON · Wisconsin · Community improvement and capacity building