Urban Homeownership Corp
- Assets
- $1.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1968
- Data as of
- 12/2023
- 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 12/2023, Urban Homeownership Corp generated $2.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 3 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
2023
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 |
|---|---|---|---|
Alexander James Director | 5 | $0 | |
Barbara Kairson Director | 5 | $0 | |
Damon Kinebrew Secretary, Director | 5 | $0 | |
Jean Mondesir Treasurer, Director | 5 | $0 | |
Nestor Olivier CFO | 40 | $110,000 | |
Paul Moore President, Director | 40 | $124,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| 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 | $2,230,263 |
| Total Revenue | $2,230,263 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $234,500 |
| Other employee salaries and wages | $714,869 |
| Pension plans, employee benefits | $416,383 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $276,189 |
| Travel, conferences, and meetings | $22,511 |
| Printing and publications | $0 |
| Other expenses | $319,094 |
| Total operating and administrative expenses | $2,234,535 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,234,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,123 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $120,000 |
| 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 | $26,567 |
| Other assets | $1,257,713 |
| Total assets | $1,867,403 |
| Accounts payable and accrued expenses | $154,938 |
| 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 | $20,664 |
| Total liabilities | $175,602 |