The HCCW Inc. had its Wisconsin State charitable organization license expired in 2023, according to the Wisconsin Department of Financial Institutions Charitable Organization website.
By H. Nelson Goodson
Hispanic News Network U.S.A.
April 29, 2024
Milwaukee, Wisconsin - On Monday, Hispanic News Network U.S.A. (HNNUSA) learned that the Hispanic Chamber of Commerce of Wisconsin, Inc. (HCCW) Wisconsin State Charitable Organization license (non-profit status with the state) expired on July 31, 2023 and hasn't been renewed, according to the Wisconsin Department of Financial Institutions (DFI) Charitable Organization website.
When contacted on Monday, George Franco, the CEO of HCCW, Inc. confirmed that the organization's accountant is looking into it.
Franco also says that the HCCW has an active Board of Directors and has an office at its present location at 1021 W. National Ave..
The DFI on Monday confirmed that non-stock business portion of the HCCW is in good standing, but the DFI Charitable Organization confirmed that the State license as a non-profit for the HCCW had expired on 7/31/2024, nine months ago.
On August 8, 2022, the HCCW sold the property for $714,334 to SJ Mason Properties LLC and on August 31, 2022, the property ownership was registered to SJ Mason Properties, according to City of Milwaukee property tax roll records.
The former HCCW building is being sold by SJ Mason Properties for $2,170,000 or leased for $17.00/SF MG, which has 12,000 SF and 13 parking spaces, according to real estate services Founders 3.
According to the HCCW non-profit organization's website (https://hccw.org/) and its IRS 990 2022 tax filing, the HCCW headquarters is still operating at 1021 W. National Ave. in the Southside of Milwaukee.
The HCCW website does not list or identify an active full Board of Directors. In 2022, the HCCW reported in their IRS 990 tax filing, the HCCW generated more than $535K in revenues.
According to the IRS 990 annual fiscal filing for 2022, the HCCW reported $535,694 in revenues, $652,771 of functional expenses, total asset worth of $3.18M and a net income of negative $117,077. (Link for 990 IRS docs from 2011 to 2022 available: https://bit.ly/3VPoSdO
Source: Hispanic News Network U.S.A. (HNNUSA)
Donations accepted/ se aceptan donaciones: https://tinyurl.com/3y8ej92t
No comments:
Post a Comment