Urban Edge Housing Corp
- Assets
- $67.5m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Roxbury, MA
- Founding
- 04/1984
- Data as of
- 12/2023
- EIN
- 22-2483475
Organization Overview
Urban Edge Housing Corp is located in Roxbury, MA. The organization was established in 1984. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Urban Edge Housing Corp employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Edge Housing 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 Edge Housing Corp generated $10.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $8.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
URBAN EDGE IS DEDICATED TO STRENGTHENING COMMUNITIES AND FAMILIES TOGETHER, WE BUILD AFFORDABLE HOUSING AND VIBRANT, PROSPEROUS NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL PROPERTIES - SUBSIDIZED RENTAL HOUSING IN THE ROXBURY, DORCHESTER, JAMAICA PLAIN, AND MATTAPAN NEIGHBORHOODS OF BOSTON, MASSACHUSETTS.
REAL ESTATE DEVELOPMENTS - FINANCES THE ACQUISITION AND RENOVATION OF LOW INCOME RENTAL PROPERTIES AND STIMULATES BUSINESS GROWTH AND EMPLOYMENT OPPORTUNITIES.
COMMUNITY ENGAGEMENT - PROVIDES VITAL SOCIAL SERVICES RELATING TO URBAN EDGE'S ROLE IN THE EGLESTON SQUARE AND JACKSON SQUARE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johanna Smith President | OfficerTrustee | 2 | $0 |
Sebastian Zapata Vice President | OfficerTrustee | 2 | $0 |
Andrew Sobers Treasurer | OfficerTrustee | 2 | $0 |
Benjamin Forman Clerk | OfficerTrustee | 2 | $0 |
Wanda Atkins Assistant Clerk | OfficerTrustee | 2 | $0 |
Natacha Dunker Assistant Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aafcpas Inc Audit/tax/consulting | 12/30/23 | $151,000 |
Adina Astor Consulting Consulting Services | 12/30/23 | $118,189 |
Insource Services Inc It Services | 12/30/23 | $115,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $162,840 |
| Membership dues | $0 |
| Fundraising events | $214,562 |
| Related organizations | $0 |
| Government grants | $756,503 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,377,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,511,423 |
| Total Program Service Revenue | $7,147,555 |
| Investment income | $737,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$227,979 |
| Net Income from Fundraising Events | -$66,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,937,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $484,080 |
| Compensation of current officers, directors, key employees. | $262,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,798,436 |
| Pension plan accruals and contributions | $34,391 |
| Other employee benefits | $470,597 |
| Payroll taxes | $336,134 |
| Fees for services: Management | $18,364 |
| Fees for services: Legal | $19,893 |
| Fees for services: Accounting | $150,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $534,116 |
| Advertising and promotion | $30,484 |
| Office expenses | $1,416,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $879,361 |
| Travel | $58,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,683 |
| Interest | $75,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $408,207 |
| Insurance | $279,784 |
| All other expenses | $31,098 |
| Total functional expenses | $8,599,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,327,016 |
| Savings and temporary cash investments | $5,467,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $772,444 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $177,116 |
| Net Land, buildings, and equipment | $14,767,092 |
| Investments—publicly traded securities | $16,558,662 |
| Investments—other securities | $0 |
| Investments—program-related | $4,269,852 |
| Intangible assets | $0 |
| Other assets | $12,129,107 |
| Total assets | $67,468,338 |
| Accounts payable and accrued expenses | $554,867 |
| Grants payable | $0 |
| Deferred revenue | $137,771 |
| Tax-exempt bond liabilities | $927,035 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,428,366 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,895,406 |
| Total liabilities | $12,943,445 |
| Net assets without donor restrictions | $53,988,004 |
| Net assets with donor restrictions | $536,889 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $67,468,338 |