Urban Homeownership Corp
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1968
- Data as of
- 12/2021
- EIN
- 13-2611472
Organization Overview
Urban Homeownership Corp is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Homeownership Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Urban Homeownership Corp generated $1.9m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 15.2% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nestor Olivier CFO | 40 | $116,000 | |
Paul Moore President, Director | 40 | $108,000 | |
Hawatha Selby VP Of Operation | 40 | $101,751 | |
Purvi Chaudhary Proprty Accountant | 40 | $84,230 | |
Janet Britton Deputy Director Of F | 40 | $82,115 | |
Leslie Chacon Controller | 40 | $71,884 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $239,472 |
| Interest on Savings | $650 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,641,653 |
| Total Revenue | $1,881,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $224,000 |
| Other employee salaries and wages | $706,926 |
| Pension plans, employee benefits | $224,412 |
| Interest | $0 |
| Taxes | $66,096 |
| Depreciation | $0 |
| Occupancy | $295,890 |
| Travel, conferences, and meetings | $19,800 |
| Printing and publications | $0 |
| Other expenses | $305,264 |
| Total operating and administrative expenses | $2,108,142 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,108,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,525 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $225,654 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $13,028 |
| Other assets | $553,894 |
| Total assets | $1,496,101 |
| Accounts payable and accrued expenses | $63,503 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,329 |
| Total liabilities | $66,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meadows Standardbred Owners Association Meadow Lands, PA | $2,546,597 | $10,372,771 |
Womens Prison Association And Home New York, NY | $6,652,586 | $9,309,545 |
Pradera Corporation Philadelphia, PA | $3,527,505 | $9,032,798 |
Homes For The Homeless Institute Inc New York, NY | $69,885,275 | $9,054,313 |
Initiative For A Competitive Inner City Inc Roxbury, MA | $11,137,097 | $6,700,624 |
Spring Meadows Association Of Responsible Tenants Inc Springfield, MA | $14,323,481 | $4,117,328 |
St Vincents Development Inc Trumbull, CT | $27,854,287 | $3,404,975 |
Bucks County Housing Group Inc Warminster, PA | $3,270,461 | $3,883,677 |
Mutual Housing Association Of Greater Hartford Inc Hartford, CT | $35,173,874 | $3,634,828 |
Monmouth Council No 9 Civil Service Association Housing Corporation Asbury Park, NJ | $13,033,199 | $4,484,843 |
Allentown Bnai Brith Housing Corp Allentown, PA | $7,631,458 | $3,117,871 |
Urban Homeownership Corp New York, NY | $1,496,101 | $1,881,775 |