Revitalize Milwaukee Inc
Nonprofit profile at a glance
- EIN
- 392006470
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Milwaukee, WI, USA
- Phone
- 4143127531
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Home Improvement and Repairs
Reported finances
- Revenue
- $3,169,128
- Expenses
- $3,977,968
- Assets
- $2,762,591
- Liabilities
- $415,496
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Lynnea Katz-Petted - Through July 2 (CEO)
- Melanie Roach - Current (CEO)
- Bruce Elliott (President)
- Bradley Dagen (Vice - President)
Highest reported compensation
- Lynnea Katz-Petted - Through July 2 (CEO): $143,041 total reported compensation
- Mark Charlton (Board Member): $82,230 total reported compensation
- Melanie Roach - Current (CEO): $40,225 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Revitalize Milwaukee transforms communities by providing free, critical home repairs and comprehensive services to low-income, veterans, seniors, and people with disabilities. Over the last 21 years we have grown to be the largest provider of services addressing housing needs for low-income homeowners in SE WI and the only one that does it for free
What it reported doing in 2024
Revitalize Milwaukee, Inc. RM preserves affordable housing and transforms neighborhoods in need of critical repairs throughout Milwaukee and Waukesha Counties. Through our Healthy Homes initiative, we address toxins such as lead, reduce asthma triggers and address safety modifications and emergency repairs. In 2024, RM completed 4,439 repairs on 340 homes, benefitting 580 individuals. Of those 4,439 repairs, 1,405 were accessibility modifications, enabling homeowners to remain independent, and 131 were emergency repairs, completed within 48 hours or less. Our work is completed with the help of thousands of volunteer hours. Our homeowners have lived in their homes for an average of 24 years and are at risk of becoming homeless or paying unaffordable costs to live in an assisted living facility. To ensure our homeowners live safely and comfortably in their homes, we partner with over 50 local agencies that provide low-cost services that would otherwise go unattended.
Operating model
- Revenue model
- Grant-funded. 78% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 21
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87.9%; rating input score 88
- Fundraising efficiency: $13.73 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 90%; rating input score 90; 21st percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- 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 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 27.5% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 21.5% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 87.9% of spending went to programs
- Governance: 9 of 10 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.5M in reported program spending
- Leadership: top reported pay $143K · 12 people listed
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.