FORWARD COMMUNITY INVESTMENTS INC

MADISON, WI | Dane County
Affordable Housing

Overview

FORWARD COMMUNITY INVESTMENTS INC
39-1815578
2045 ATWOOD AVE STE 101A
MADISON, WI 53704
Dane County
(608) 257-3863

Mission Statement info

IN OUR CAPACITY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), FORWARD COMMUNITY INVESTMENTS (FCI) BUILDS STRONGER AND HEALTHIER COMMUNITIES BY PROVIDING LOANS, ADVISING, AND GRANTS TO MISSION-BASED ORGANIZATIONS THAT ADDRESS THE ROOT CAUSES OF RACIAL AND SOCIOECONOMIC DISPARITIES AND SUPPORT INITIATIVES THAT IMPROVE EQUITY AND MAKE POSITIVE CHANGE POSSIBLE. OUR VISION IS AN EQUITABLE AND INCLUSIVE WISCONSIN BUILT ON COOPERATIVE SOCIAL ACTION. OUR MISSION IS TO ACT AS AN INVESTOR, CONNECTOR, AND ADVISOR FOR ORGANIZATIONS AND INITIATIVES THAT REDUCE SOCIAL, RACIAL, AND ECONOMIC DISPARITIES THROUGHOUT WISCONSIN. OUR VALUES RACIAL JUSTICE, EQUITY, DIVERSITY, LOVE, AUTHENTICITY, INTEGRITY, PARTNERSHIP, AND ACCOUNTABILITY PROVIDE THE FRAMEWORK FOR HOW WE DO BUSINESS.

Founded info
1995
Total Employees info
0
Total Volunteers info
43
CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • NMTC Recipient
Nonprofit Classification (NTEE Code) info
S40

S - Community Improvement, Capacity Building

Business & Industry

Organizations that provide technical assistance, loans, loan guarantees and other forms of assistance to support the development and growth of a wide variety of business establishments in the community.

IRS Activity Codes info
994
Uncoded
380
Low-income housing
-
Not reported
Standard Business Classification (NAICS Code) info
813910
Business Associations

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$650,000
CDFI Financial Assistance
2018
$700,000
CDFI Financial Assistance
2017
$1,016,500
CDFI Financial Assistance
New Market Tax Credit Recipient info
Most Recent NMTC Award info
2018

$45,000,000
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$3.3M
Revenue
$3.1M
Assets
$25.9M
Exempt Ruling Date info
1995-05
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
WI
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
2045 ATWOOD AVE STE 101A
MADISON, WI 53704
Dane County
FIPS Geocoded Address info
31540
MSA/CBSA info
55
State info
025
County info
0019.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Madison, WI
Combined Statistical Area info
Madison-Janesville-Beloit, WI
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 11.99%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0019.00 Dane County
Population
Total Population 6,499 536,078
Total Households 3,271 222,929
Income
Median Family Income (Census*) $83,085 $73,893
Median Family Income (2019 FFIEC) $94,200 N/A
Tract Income Percentage 102.16% N/A
Below Poverty Level 14.8% 10.9%
Unemployment Level 6.2% 2.6%
Housing
Total Housing Units 3,348 232,924
Total Owner-Occupied Units 35.8% 58.2%
Total Renter-Occupied Units 61.9% 41.8%
Total Vacant Units 2.3% 4.2%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

9
Total Voting Members
in Governing Body
info
7
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Salli Martyniak
President
(608) 257-3863
Principal Officer info
Salli Martyniak
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.