CCWBE Report

Organization:
Cooperation Racine
Reporting Period:
Mar 2024
Submitted on:
April 5, 2024
Submitted By:
Andrea Yarbrough

Pre-Development Projects

Project Goals

What proportion of Goal 1 overall is complete at this point?

50%

What are the barriers and opportunities for completion that impacted goal 1 in the last month?

We have legal assistance through UIC's solidarity economy clinic and we're making great progress with our organizational by-laws.

What proportion of Goal 2 overall is complete at this point?

60%

What are the barriers and opportunities for completion that you impacted goal 2 in the last month?

We have moved into permit documents with our architect. We need to secure additional funding to hire a pre-construction consultant to support us in putting together an invitation to bid for contractors. We also need to secure a parking variance and will need to hire an attorney.

What proportion of Goal 3 overall is complete at this point?

60%

What are the barriers and opportunities for completion that you impacted goal 3 in the last month?

We are still seeking access to capital with a focus on private capital to start phase I of our construction. We have upcoming meetings with Kataly Foundation and Good Chaos with the hope of raising 1M.

CWB Ecosystem

Did you access Technical Assistance for your CWB project last month?

Yes

Which TA provider(s) did you work with within the Phase I CWEB grantees?

TA Provider Hours Spent Satisfaction

UIC Law - Community Enterprise & Solidarity Economy Clinic (CESEC)

6

Very satisfied

Which TA providers did you work with OUTSIDE of the Phase I CWEB grantees?

TA Provider Hours Spent Satisfaction

None

1

Neither satisfied nor dissatisfied

Did someone from your organization attend the Working Group this month?

Yes

How would you rate the usefulness of the working group to your project last month? (on a scale of 1-5)

Very useful

How would you rate the usefulness of the Working Group for building community?

Somewhat useful

What have been the two most valuable contributions of the Working Group this month?

Knowledge

Please share any comments about the working group meetings.

Renee's presentation on the Corporate Transparency Act was crucial !

How many TOTAL housing units did you preserve or create last month? (it is okay if the answer is zero)

0

How many TOTAL CWB businesses did you develop last month? (it is okay if the answer is zero)

0

Community Engagement

Number of stakeholder meetings held related to your Pre-Development Project?

8

Number of community meetings attended last month related to your Pre-Development Project?

0

Organizational Capacity

Service / Capacity

Service Capacity

Accounting & Financial Management

4

Advocacy

5 extensive ability

Conflict Resolution

4

Cooperative Development and Operations

3 some ability

Education & Training

3 some ability

Fundraising or Raising Capital

3 some ability

Governance / Legal

3 some ability

Marketing & Communications

2

Other

N/A

Project Management

3 some ability

Real Estate Acquisition & Development

3 some ability

Relationship Building

4

Research

2

Other (please describe and include ranking)

What constraints or limitations with internal capacity is the organizarion experiencing related to its Pre-Development Project?

We are experiencing challenges raising capital.

What opportunities, if any, did the organization take advantage of related to its Pre-Development Project?

Attending convenings centered on alternative property ownership methods, with the goal of meeting funders interested in supporting cooperative development.

Optional Space

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