City Urban Revitalization Corporation
- Assets
- $18.4m
- Revenue
- -$5.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Cathedral City, CA
- Founding
- 06/2002
- Data as of
- 06/2023
- EIN
- 31-1801639
Organization Overview
City Urban Revitalization Corporation is located in Cathedral City, CA. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, City Urban Revitalization Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Urban Revitalization Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING THE CITY OF CATHEDRAL CITY IN REVITALIZING ITS DOWNTOWN REGION BY: (1) DEVELOPING AN ENTERTAINMENT/HOSPITALITY DISTRICT IN THE DOWNTOWN REDEVELOPMENT ZONE; (2) PROVIDING THE AMENITIES ASSOCIATED WITH SAID DISTRICT; AND (3) PERFORMING ANY ANCILLARY OR RELATED ACTIVITY IN FURTHERANCE OF THE FOREGOING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REIMBURSE CITY FOR COSTS OF CONTRACT SERVICES; MAINTENANCE AND SUPPORT FOR REVITALIZING DOWNTOWN REGION.
TYPE AND AMOUNT OF "ALL OTHER EXPENSES" ($151,544): INTEREST $45,000, PROPERTY TAXES $106,428, AND LICENSE & PERMITS $116
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Mcclendon Executive Director | Officer | 1.25 | $0 |
Kevin Biersack Chief Financial Officer | Officer | 2.25 | $0 |
Gary Howell Director | Trustee | 0.75 | $0 |
Ronald N Sellin Director | Trustee | 0.75 | $0 |
Orison Mann Chairman | Trustee | 0.75 | $0 |
Open Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ral Investment Corporation Construction | 6/29/22 | $805,372 |
Horizon Construction Company Construction | 6/29/22 | $171,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,000 |
| 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 | -$5,941,911 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$5,593,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,524 |
| 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 | $88,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,429 |
| Fees for services: Management | $1,673 |
| Fees for services: Legal | $19,630 |
| Fees for services: Accounting | $215 |
| 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 | $0 |
| 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 | $45,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $343,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,376,144 |
| 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 | $130,600 |
| Net Land, buildings, and equipment | $15,851,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,358,608 |
| 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 | $30,000 |
| Total liabilities | $30,000 |
| 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 | $18,328,608 |
| Total liabilities and net assets/fund balances | $18,358,608 |