Uvlf Opportunities Inc is located in Minneapolis, MN. The organization was established in 2011. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uvlf Opportunities Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2017, Uvlf Opportunities Inc generated $75.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $905.8k during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
OWNS, MANAGES AND RENTS OUT COMMERCIAL PROPERTY IN SOUTH MINNEAPOLIS TO BUSINESSES THAT CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UVLF OPPORTUNITIES, INC. OWNS COMMERCIAL RENTAL PROPERTY. ANY INCOME GENERATED FROM THESE RENTAL ACTIVITIES IS USED TO FUND OPERATIONS OF URBAN VENTURES LEADERSHIP FOUNDATION, A NON-PROFIT ORGANIZATION SERVING YOUTH AND FAMILIES IN SOUTH MINNEAPOLIS AND THE 100% OWNER OF UVLF OPPORTUNITIES, INC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Anderson Chair | OfficerTrustee | 2 | $0 |
David Hawn Started 9116 CEO | OfficerTrustee | 1 | $0 |
Gaylen Knack Secretary | OfficerTrustee | 1 | $0 |
Roy Ferber Treasurer | OfficerTrustee | 2 | $0 |
Rick Huckle Vice Chair | OfficerTrustee | 1 | $0 |
Cynthia Rabbitt Started 62117 Finance Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $4,406 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $5,788 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $75,874 |
Statement of Expenses | |
---|---|
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. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $27,452 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $18,405 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $8,008 |
All other expenses | $0 |
Total functional expenses | $905,762 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $22,216 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $22,216 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $22,216 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $22,216 |
Organization Name | Assets | Revenue |
---|---|---|
Higher Ground Building Company St Paul, MN | $19,969,103 | $1,882,072 |
Greater Milwaukee Association Of Realtors Inc Milwaukee, WI | $7,902,612 | $2,380,526 |
Realtor Association Of The Sioux Empire Inc Sioux Falls, SD | $2,199,740 | $1,500,544 |
Realtors Associations Of Northeast Wisconsin Inc Appleton, WI | $6,876,231 | $1,366,137 |
Aase Haugen Properties Inc Decorah, IA | $9,431,612 | $1,162,340 |
Mrm North Campus Inc Milwaukee, WI | $19,031,963 | $894,597 |
St Ann Center Properties Inc Milwaukee, WI | $24,367,316 | $308,541 |
Sd Properties Inc Milwaukee, WI | $3,731,946 | $1,031,449 |
Education Minnesota Properties Inc St Paul, MN | $3,348,632 | $1,061,633 |
Smelc Holdings Inc Milwaukee, WI | $9,672,286 | $580,000 |
Uvlf Opportunities Inc Minneapolis, MN | $22,216 | $75,874 |
Fargo-Moorhead Area Assoc Of Realtors Fargo, ND | $2,902,093 | $879,931 |