Civic Intelligence

Legacy Midwest Renewal Corporation

EIN 37-1487714 • 501(c)3 • Milwaukee, WI

Profile

Developing, constructing, owning and operating real estate projects that are deemed to be in the general public interest and for the betterment of communities served by the corporation with the objectives of: combating community deterioration; preserving properties of historic significance; eliminating and/or redeveloping blighted urban areas; relieving conditions of poverty, dependency and unemployment in economically-depressed areas; improving local economic conditions through the promotion of commerce, and creation of jobs and provision of affordable community services to all segments of local populations.

1200 W North AvenueMilwaukee, WI 53205

www.lrcmke.com/lmrc

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.47x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

1.40x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

58th percentile

6.0%

Higher net margin than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

91st percentile

86%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

90485%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$34,788

Up $16,118 (+86%) from 2016

Liabilities

Up

$16,468

Up $15,413 (+1461%) from 2016

Net Assets

Up

$18,320

Up $705 (+4.0%) from 2016

Operations
Liabilities / Revenue96th percentileNet Margin58th percentile

Revenue

Up

$11,776

Up $11,763 (+90485%) from 2016

Expenses

Down

$11,071

Down $15,117 (-58%) from 2016

Net Income

Up

$705

Up $26,880 (+103%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2014: $146,314Liabilities 2014: $290Net Assets 2014: $146,0242014Assets 2015: $43,790Net Assets 2015: $43,7902015Assets 2016: $18,670Liabilities 2016: $1,055Net Assets 2016: $17,6152016Assets 2017: $34,788Liabilities 2017: $16,468Net Assets 2017: $18,3202017

Highlighted filing

2017

Assets$34,788
Liabilities$16,468
Net Assets$18,320
Open 2017 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $501,772Expenses 2014: $106,615Net Income 2014: $395,1572014Revenue 2015: $86Expenses 2015: $102,320Net Income 2015: -$102,2342015Revenue 2016: $13Expenses 2016: $26,188Net Income 2016: -$26,1752016Revenue 2017: $11,776Expenses 2017: $11,071Net Income 2017: $7052017

Highlighted filing

2017

Revenue$11,776
Expenses$11,071
Net Income$705
Open 2017 Filing

Filings

Most recent year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,788
Liabilities
$16,468
Net assets
$18,320
Revenue
$11,776
Expenses
$11,071
Net income
$705
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.35$0.16$0.18$0.12$0.11$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.18$0.00$0.26$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.44$0.00$1.02$1.02
2014Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$5.02$1.07$3.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 2, 2018
Return Version
2017v2.2
Gross Receipts
$11,776
Mission and Program Overview

Mission

Developing, constructing, owning and operating real estate projects that are deemed to be in the general public interest and for the betterment of communities served by the corporation with the objectives of: combatting community deterioration; preserving properties of historic significance; eliminating and/or redeveloping blighted urban areas; relieving conditions of poverty, dependency and unemployment in economically-depressed areas; improving local economic conditions through the promotion of commerce, and creation of jobs and provision of affordable community services to all segments of local populations.

Developing, constructing, owning and operating real estate projects that are deemed to be in the general public interest and for the betterment of communities served by the corporation with the objectives of: combating community deterioration; preserving properties of historic significance; eliminating and/or redeveloping blighted urban areas; relieving conditions of poverty, dependency and unemployment in economically-depressed areas; improving local economic conditions through the promotion of commerce, and creation of jobs and provision of affordable community services to all segments of local populations.

Program Services

DescriptionGrantsExpenses
Real estate development services generally including but not limited to acquisitions, new project development, acquisition/ rehabilitation of existing projects and subdivision development; project due diligence and preparation of financial projections; finding and arranging financing; negotiating agreements with potential development partners and equity investors.$5,071-
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sally R PeltzPresident-$0--
John A Erich EsqDirector-$0--
Arthur T Phillips EsqVice President-$0--
Troy ReeseTreas/Sec-$0--
Filing and Contact Details

Filer

Filer Name
Legacy Midwest Renewal Corporation
EIN
37-1487714
Phone
4143430163
Address
1200 W NORTH AVENUE, MILWAUKEE, WI 53205

Signing Officer

Name
Jose Mantilla
Title
CEO/President
Signed
2018-10-02
Discuss with paid preparer
Yes

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Renee Messing
Phone
4142711451
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Holding and Sale Costs $4925”

Other Expenses.2

“BANK CHARGES $146”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $100”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $1055 Accounts Payable and Accrued Expenses - Ending $16468”

Raw XML Appendix153 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MILWAUKEE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd053205
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Sally R Peltz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1John A Erich Esq
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Arthur T Phillips Esq
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Troy Reese
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treas/Sec
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0100
IRS990EZ/OtherExpensesTotalAmt05071
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Developing, constructing, owning and operating real estate projects that are deemed to be in the general public interest and for the betterment of communities served by the corporation with the objectives of: combating community deterioration; preserving properties of historic significance; eliminating and/or redeveloping blighted urban areas; relieving conditions of poverty, dependency and unemployment in economically-depressed areas; improving local economic conditions through the promotion of commerce, and creation of jobs and provision of affordable community services to all segments of local populations.
IRS990EZ/ProgramServiceRevenueAmt011675
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Real estate development services generally including but not limited to acquisitions, new project development, acquisition/ rehabilitation of existing projects and subdivision development; project due diligence and preparation of financial projections; finding and arranging financing; negotiating agreements with potential development partners and equity investors.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt05071
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01055
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt016468
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt011071
IRS990EZ/TotalProgramServiceExpensesAmt05071
IRS990EZ/TotalRevenueAmt011776
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.lrcmke.com/lmrc/
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organization seeks to improve the betterment of the community through successful real estate projects in distressed areas. This is a direct relation to the goals of Legacy Redevelopment Corporation.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0311724109
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Holding and Sale Costs $4925
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BANK CHARGES $146
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Payable and Accrued Expenses - Beginning $1055 Accounts Payable and Accrued Expenses - Ending $16468
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Assets.1011
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Total Liabilities.1001
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jose Mantilla
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEGACY MIDWEST RENEWAL CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LEGA
ReturnHeader/Filer/EIN0371487714
ReturnHeader/Filer/PhoneNum04143430163
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 W NORTH AVENUE
ReturnHeader/Filer/USAddress/CityNm0MILWAUKEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053205
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390919055
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ritz Holman LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0330 E Kilbourn Ste 550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Milwaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0532023144
ReturnHeader/PreparerPersonGrp/PhoneNum04142711451
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Renee Messing
ReturnHeader/ReturnTs02018-10-02T08:17:02-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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