Urban Economic Development
- Assets
- $358.8k
- Revenue
- $619.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 39-1893799
Organization Overview
Urban Economic Development is located in Milwaukee, WI. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Urban Economic Development 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, Urban Economic Development generated $619.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $537.4k during the year ending 12/2021. While expenses have increased by 10.9% 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
UEDA IS A MEMBERSHIP ASSOCIATION DEDICATED TO THE PROFESSIONAL DEVELOPMENT OF INDIVIDUALS AND GROUPS WORKING IN ECONOMIC AND COMMUNITY DEVELOPMENT IN WISCONSIN. UEDA'S WORK HAS FOCUSED PRIMARILY ON HOUSING DEVELOPMENT, ECONOMIC DEVELOPMENT AND JOB CREATION WITH AN EMPHASIS ON REGIONAL TRANSPORTATION, FORECLOSURE MITIGATION, SUSTAINABLE HOMEOWNERSHIP AND REGIONAL FOOD INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ASSISTANC - UEDA IS A SUBRECIPIENT FOR U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FOR THE CITY OF MILWAUKEE. PROJECTS INCLUDE COORDINATION OF COMMUNITY PLANNING AND EVICTION PREVENTION SERVICES, POLICY AND PROGRAM REVIEW/DEVELOPMENT, NEIGHBORHOOD-BASED DATA ANALYSIS AND TRAINING SUPPORT, AND ORGANIZATIONAL-BASED TECHNICAL ASSISTANCE TO STRENGTHEN THE OPERATIONS OF OTHER CDBG-FUNDED AGENCIES (I.E. FINANCIAL MANAGEMENT, STRATEGIC PLANNING, PROGRAM EVALUATION, TECHNOLOGY INFRASTRUCTURE).
OTHER COLLABORATIVE PROJECTS - OTHER COLLABORATIVE PROJECTSUEDA ALSO ENGAGES IN OTHER INITIATIVES AS AN INTERMEDIARY, ASSISTING TO BUILD AND FACILITATE COLLABORATIONS AMONG INDIVIDUALS, ORGANIZATIONS AND GROUPS WORKING ACROSS SECTORS IN ECONOMIC AND COMMUNITY DEVELOPMENT AND SUPPORT OF THE NONPROFIT SECTOR. EXAMPLES INCLUDE BANK ON GREATER MILWAUKEE, NONPROFIT LIFT, MILWAUKEE RENTAL HOUSING RESOURCE CENTER, FINANCIAL EQUITY GROUP, FOOD ENTERPRISE DEVELOPMENT NETWORK (FEDN), AND SMALL BUSINESS AFFINITY GROUP.
TAKE ROOT MILWAUKEE - A PROGRAM OF UEDA, THIS INITIATIVE IS IN PARTNERSHIP WITH THE CITY OF MILWAUKEE, FREDDIE MAC AND 48 OTHER MEMBERS TO PROMOTE SUSTAINABLE HOMEOWNERSHIP RESOURCES AND STRONG NEIGHBORHOODS. UEDA PROVIDES PROGRAM ADMINISTRATION THAT ASSISTS WITH VARIOUS EVENTS AND ACTIVITIES THAT PROMOTE HOMEOWNERSHIP EDUCATION, CONNECTS CONSUMERS TO HOMEBUYING AND HOME REPAIR AND RESOURCES, AND MITIGATES THE IMPACT OF FORECLOSURES ON NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Luzar Executive Director | Officer | 40 | $58,013 |
Nikki Purvis President | OfficerTrustee | 1 | $0 |
Barbara Markoff Vice President | OfficerTrustee | 1 | $0 |
Nathan Guequierre Secretary | OfficerTrustee | 1 | $0 |
Kate Madison Treasurer | OfficerTrustee | 1 | $0 |
Mike Ward Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,750 |
| Fundraising events | $14,239 |
| Related organizations | $0 |
| Government grants | $159,444 |
| All other contributions, gifts, grants, and similar amounts not included above | $428,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,549 |
| Total Program Service Revenue | $2,250 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,126 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $619,501 |
| 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. | $69,238 |
| Compensation of current officers, directors, key employees. | $7,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,462 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,552 |
| Payroll taxes | $17,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,106 |
| Advertising and promotion | $8,384 |
| Office expenses | $12,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,200 |
| Travel | $146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,009 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,824 |
| All other expenses | $4,610 |
| Total functional expenses | $537,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,464 |
| Savings and temporary cash investments | $228,018 |
| Pledges and grants receivable | $115,712 |
| 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 | $1,292 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,350 |
| Total assets | $358,836 |
| Accounts payable and accrued expenses | $12,619 |
| 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 | $12,619 |
| Net assets without donor restrictions | $51,430 |
| Net assets with donor restrictions | $294,787 |
| 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 | $358,836 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Urban Economic Development has recieved totaling $401,000.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: MILWAUKEE RENTAL HOUSING RESOURCE CENTER | $186,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: MILWAUKEE RENTAL HOUSING RESOURCE CENTER | $186,000 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: PUBLIC AND SOCIETAL BENEFIT PROGRAM SUPPORT | $17,000 |
Greater Milwaukee Association Of Realtors Inc Milwaukee, WI PURPOSE: TAKE ROOT MILWAUKEE AND SPONSORSHIPS | $7,000 |
Astor Street Foundation Inc Milwaukee, WI PURPOSE: DOMINIQUE SAMARIKIN PROJECT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Humans First Detroit Detroit, MI | $6,650,332 | $4,303,626 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |