Uptown Reinvestment Corporation Inc
- Assets
- $85.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 38-3493359
Organization Overview
Uptown Reinvestment Corporation Inc is located in Flint, MI. The organization was established in 2000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Uptown Reinvestment Corporation Inc 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 12/2022, Uptown Reinvestment Corporation Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.0%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III LINE 1 DESCRIPTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF ECONOMIC GROWTH, EMPLOYMENT, AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT BY:* OFFERING FINANCIAL AND TECHNICAL ASSISTANCE THROUGH PROCUREMENT OF PRIVATE INVESTMENT CAPITAL AND FEDERAL AND STATE GRANTS* ACQUIRING AND REVITALIZING UNDER UTILIZED COMMERCIAL REAL ESTATE
THE PROMOTION OF ECONOMIC GROWTH, EMPLOYMENT, AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT BY:* OPERATING AND SUPPORTING THE OPERATIONS OF THE LOCAL FARMERS' MARKET LOCATED IN DOWNTOWN FLINT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Herman President | OfficerTrustee | 1 | $0 |
Jack Stock Vice President | OfficerTrustee | 1 | $0 |
Greg Viener Chair/secretary | OfficerTrustee | 1 | $0 |
Deborah Cherry Treasurer | OfficerTrustee | 1 | $0 |
Greg Fiedler Director | Trustee | 1 | $0 |
Loyst Fletcher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flint & Genesee Chamber Of Commerce Admin Support | 12/30/22 | $747,704 |
Premier Security Solutions Security Service | 12/30/22 | $342,671 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,355,000 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,644,700 |
| Total Program Service Revenue | $149,594 |
| Investment income | -$1,590,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,047,720 |
| 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 | $3,251,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $380,396 |
| 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 | $1,084,169 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,485 |
| Fees for services: Accounting | $40,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,385 |
| Advertising and promotion | $41,975 |
| Office expenses | $12,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $600,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,687 |
| Insurance | $80,223 |
| All other expenses | $539,894 |
| Total functional expenses | $3,112,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $5,443,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,702,367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,936,810 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $107,531 |
| Net Land, buildings, and equipment | $7,835,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $53,812,509 |
| Intangible assets | $0 |
| Other assets | $125,152 |
| Total assets | $84,963,973 |
| Accounts payable and accrued expenses | $739,262 |
| Grants payable | $0 |
| Deferred revenue | $13,036 |
| 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 | $1,074,470 |
| Total liabilities | $1,826,768 |
| Net assets without donor restrictions | $79,440,289 |
| Net assets with donor restrictions | $3,696,916 |
| 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 | $84,963,973 |
Grants Awarded
Over the last fiscal year, Uptown Reinvestment Corporation Inc has awarded $1,676,518 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RED INK FLINT INC PURPOSE: YOUTH ARTS VENUE | $196,483 |
FLINT COMMUNITY SCHOOL DISTRICT PURPOSE: EARLY CHILDHOOD DEV | $1,480,035 |