Nonprofit · EIN 39-1864684
MILWAUKEE URBAN STRATEGIC INVESTMENT CORP
Tax-exempt · MILWAUKEE, WI 53203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,770,481 | $3,392,399 | $378,082 | $22,066,544 | $21,040,239 | $1,026,305 |
| December 31, 2023 | 990 | $4,640,996 | $3,337,542 | $1,303,454 | $21,999,381 | $21,479,000 | $520,381 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,164,963
- Investment income
- $596,215
- Other revenue
- $9,303
Expenses
- Grants and similar amounts paid
- $1,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $13,608
- Accounting fees
- $26,745
- Occupancy
- $1,794,726
- Travel
- $117
- Depreciation
- $466,199
- Program services (functional)
- $2,819,082
- Management and general (functional)
- $573,317
Balance sheet and other
- Total assets, start of year
- $21,999,381
- Total assets, end of year
- $22,066,544
- Total liabilities, end of year
- $21,040,239
- Net assets, end of year
- $1,026,305
- Land, buildings and equipment
- $5,579,342
- Publicly traded securities
- $5,711,115
- Net assets without donor restrictions
- $1,026,305
- Gross receipts
- $3,770,481
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1996
- 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 |
|---|---|---|---|
| FRANK KREJCI | CO-CHAIR Trustee or director, Officer | 1 | $0 |
| PAT O'BRIEN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CRAIG KAMMHOLZ | TREASURER Trustee or director, Officer | 1 | $0 |
| STEPHEN CHERNOF | CO-CHAIR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK KREJCI | CO-CHAIR Trustee or director, Officer | 1 | $0 |
| PAT O'BRIEN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CRAIG KAMMHOLZ | TREASURER Trustee or director, Officer | 1 | $0 |
| STEPHEN CHERNOF | CO-CHAIR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 275 W WISCONSIN AVE STE 220, MILWAUKEE, WI 53203-3304
- In care of
- % MANDEL PROPERTY SERVICES IN
- Principal officer (990 for 2024)
- PAT O'BRIEN, 275 W WISCONSIN AVENUE SUITE 220, MILWAUKEE, WI 53203
- Signed the 990
- CRAIG KAMMHOLZ, TREASURER
- Phone
- (414) 287-4163
- Return prepared by
- SVA CERTIFIED PUBLIC ACCTS SC
Mission
THE PURPOSES OF MILWAUKEE URBAN STRATEGIC INVESTMENT CORP. (MUSIC) ARE TO COMBAT URBAN DETERIORATION, POVERTY, LOW EDUCATIONAL ACHIEVEMENT, JUVENILE DELINQUENCY, CRIMINALITY AND LOSS OF POPULATION (BOTH INDIVIDUALS AND BUSINESSES) IN THE GREATER MILWAUKEE, WISCONSIN AREA.
Program accomplishments
- THE PURPOSES OF THIS ORGANIZATION ARE TO COMBAT URBAN DETERIORATION, POVERTY, LOW EDUCATIONAL ACHIEVEMENT, JUVENILE DELINQUENCY, CRIMINALITY AND LOSS OF POPULATION (BOTH INDIVIDUALS AND BUSINESSES) IN THE GREATER MILWAUKEE, WISCONSIN AREA. ONE OF ITS ACTIVITIES IS THE CONSTRUCTION, MAINTENANCE AND MANAGEMENT OF THE LIBRARY HILL HOUSING PROJECT IN THE DOWNTOWN AREA OF MILWAUKEE KNOWN AS "WESTOWN," THE STABILITY, SAFETY AND RESIDENTIAL AND COMMERCIAL DESIRABILITY OF WHICH ARE AFFECTED BY URBAN CONDITIONS THROUGHOUT THE GREATER MILWAUKEE COMMUNITY.Expenses $2,818,082 · revenue $3,174,266
- TO MAKE STRATEGIC INVESTMENTS THAT PROMOTE THE STABILITY, SAFETY AND RESIDENTIAL AND COMMERCIAL DESIRABILITY OF THE NEIGHBORHOODS WHICH ARE AFFECTED BY URBAN CONDITIONS THROUGHOUT THE GREATER MILWAUKEE COMMUNITY.Expenses $1,000 · grants $1,000
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
- 39-1864684
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $22,066,544
- Income (IRS master file)
- $3,770,481
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,770,481 | $3,392,399 | $22,066,544 | XML |
| 990 | December 2023 | $4,640,996 | $3,337,542 | $21,999,381 | XML |
| 990 | December 2022 | $3,981,628 | $3,181,300 | $21,147,272 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 39-1864684).
Questions about MILWAUKEE URBAN STRATEGIC INVESTMENT CORP
- What is the EIN of MILWAUKEE URBAN STRATEGIC INVESTMENT CORP?
- The employer identification number (EIN) of MILWAUKEE URBAN STRATEGIC INVESTMENT CORP is 39-1864684.
- Is MILWAUKEE URBAN STRATEGIC INVESTMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to MILWAUKEE URBAN STRATEGIC INVESTMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MILWAUKEE URBAN STRATEGIC INVESTMENT CORP 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 MILWAUKEE URBAN STRATEGIC INVESTMENT CORP 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 MILWAUKEE URBAN STRATEGIC INVESTMENT CORP 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 MILWAUKEE URBAN STRATEGIC INVESTMENT CORP?
- The 990 for the year ended December 31, 2024 names PAT O'BRIEN.
- Who are the officers and directors of MILWAUKEE URBAN STRATEGIC INVESTMENT CORP?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MILWAUKEE URBAN STRATEGIC INVESTMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,770,481, expenses of $3,392,399 and total assets of $22,066,544 at year end.
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