The Westwood Community Urban Redevelopment Corporation
- Assets
- $452.0k
- Revenue
- $377.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 07/1978
- Data as of
- 12/2021
- EIN
- 31-0930919
Organization Overview
The Westwood Community Urban Redevelopment Corporation is located in Cincinnati, OH. The organization was established in 1978. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Westwood Community Urban Redevelopment Corporation 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, Westwood Community Urban Redevelopment Corporation generated $377.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $372.9k during the year ending 12/2021. While expenses have increased by 28.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN SUPPORTING THE URBAN CINCINNATI, OH NEIGHBORHOOOD COMMUNITY OF WESTWOOD REGARDING REDEVELOPMENT OF KEY AREAS IN THE COMMUNITY, WE DID THE FOLLOWING IN 2021: 1. ACQUIRED A FORMER FUNERAL HOME (BOLTON & LUNSFORD) FOR DEVELOPMENT. 2. INVOLVED IN SOLUTIONS FOR OTHER WESTWOOD BUSINESS PROPERTIES NEEDING REDEVELOPMENT. 3. CONTINUED WORK ON TRAFFIC CALMING IN WESTWOOD. 4. PROVIDED BOARD-MEMBER LIAISONS FOR WESTWOOD UNITING TO STOP THE VIOLENCE COMMITTEE. 5. AUTHORIZED MONETIZING PARKING LOT TO PROVIDE SOME OPERATING INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. ACQUIRED A FORMER FUNERAL HOME (BOLTON & LUNSFORD) FOR DEVELOPMENT.
2. RECEIVED FUNDING APPROVAL FOR LARGE PEDESTRIAN SAFETY (TRAFFIC CALMING) PROJECT ON MONTANA NEAR HARRISON AVENUE.
3. AUTHORIZED MONETIZING PARKING LOT TO PROVIDE OPERATING INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Hand President | OfficerTrustee | 10 | $0 |
Bob Willis Treasurer | OfficerTrustee | 12 | $0 |
Joel Koopman Secretary | OfficerTrustee | 1.5 | $0 |
Greg Kissel Vice President | OfficerTrustee | 1 | $0 |
Abe Brandyberry Board Member | Trustee | 1 | $0 |
Mary Bryan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $371,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,988 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,075 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,075 |
| 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. | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,305 |
| All other expenses | $653 |
| Total functional expenses | $372,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,782 |
| 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 |
| Net Land, buildings, and equipment | $102,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $340,464 |
| Total assets | $452,046 |
| 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 | $25,000 |
| Secured mortgages and notes payable | $340,464 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,684 |
| Total liabilities | $371,148 |
| Net assets without donor restrictions | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $80,898 |
| Total liabilities and net assets/fund balances | $452,046 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Westwood Community Urban Redevelopment Corporation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: EMPLOYEE MATCHING GIFTS | $2,000 |
Peer Organizations
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|---|---|---|
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Detroit Community Health Connection Inc Detroit, MI | $12,946,276 | $14,713,586 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Detroit Belle Isle Grand Prix Inc Bloomfield Hills, MI | $745,267 | $11,943,538 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
Community Programs And Services Garden City, MI | $725,653 | $3,890,771 |
Sid Public Services Association Columbus, OH | $3,043,026 | $3,862,882 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Ohio Bankers League Columbus, OH | $3,226,462 | $2,753,967 |