Community Property Inc

What it reported doing in 2024

In a coordinated effort with its supported organization, incourage community foundation, inc. ("incourage"), community property acquired the former daily tribune newspaper and wfhr radio building, a historic local mid-century property located on the banks of the Wisconsin river in downtown Wisconsin rapids, Wisconsin, in december of 2012. The redevelopment of the property (the "tribune") is being informed by incourage's commitment to place-based investing and user-centered decision making for southern wood county's future, whereby incourage has engaged over 2,000 residents in the planning and decision-making process so far. The tribune is being designed to reflect resident priorities and capitalize on community and regional assets. From the beginning, the tribune has been about much more than redeveloping a building. It is a demonstration of a user-centered process toward realizing incourage's vision of partnering with residents, businesses, and civic leaders in rural central Wisconsin to co-create an inclusive, adaptive, and sustainable community that works well for all people. The redeveloped facility will be an economic and community hub for southern wood county and central Wisconsin, with a particular focus on the needs of rural communities. It will serve as an entrepreneurial support center, a focal point of regional collaboration and innovation, and a dynamic community place for work, play, and commerce. As a recap of the multi-year journey so far, phase one in 2013 and 2014, consisted of four public meetings where everyone in the community was invited to share their ideas for the future use of the space, including encouraging residents to shift their thinking from "me" to "we." phase two in 2014, consisted of seven public meetings whereby the community was invited to participate in activities related to the potential design and sustainability of the facility. Phase three in 2015 and 2016, consisted of ten public meetings in which participants focused on deepening relationships, further defining potential programming within the facility, and developing resident-led fundraising opportunities to help realize the building. In 2017 and 2018 community members explored how similar projects in other regions developed, and fundraising efforts at the state and national level expanded. In 2019, the state of Wisconsin department of administration announced a $3 million matching grant opportunity for the tribune's future reconstruction, and incourage and the university of Wisconsin-stevens point announced a collaboration to provide expertise for sustainable economic change in central Wisconsin. During 2020 to 2022 collaborations with key stakeholders in regional economic transformation and growth continued despite the challenges presented by covid interruptions to business as usual. A feasibility study initiated in late 2022 and completed in 2023 indicated promising opportunities for including public market type approaches. The preparation of a comprehensive business plan was initiated in early 2024 and is being completed in 2025 in support of realizing the full potential of this important community asset that will prioritize end-use ideas that will celebrate local assets, connect residents, and act as a catalyst for future downtown development. At its core, the tribune will be a true community social enterprise focused on cultivating entrepreneurs and growing a sustainable local economy. To learn more, visit incouragecf.org/tribune/ and form 990 for incourage community foundation, inc.since its purchase, the property has been maintained in a holding pattern awaiting redevelopment and has been utilized occasionally for tours and activities like having served in prior years as a central coordination point for incourage's community picnic and hosting tribune "teasers", which are mini demonstration versions of the types of activities that will one day happen at the fully redeveloped tribune. In the later part of 2015, the state of wisc

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 97.6%; rating input score 98
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -25.5%; rating input score 11; 11th percentile among comparable filings
• Total-asset coverage ratio: 15.89; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
• Officer compensation ratio: 9.4%; rating input score 29; 29th percentile among comparable filings

Growth

• Program expense growth: 2.9% per year; rating input score 100; 44th percentile among comparable filings
• Revenue growth: 6.4% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 3.2% per year; rating input score 100; 39th percentile among comparable filings