Fund For Ucap Realty Company
- Assets
- $6.2m
- Revenue
- $181.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 06/2012
- Data as of
- 06/2021
- EIN
- 45-5298826
Organization Overview
Fund For Ucap Realty Company is located in Providence, RI. The organization was established in 2012. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Ucap Realty Company 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 06/2021, Fund For Ucap Realty Company generated $181.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $195.0k during the year ending 06/2021. 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
TO ACQUIRE, FINANCE, DEVELOP AND LEASE TO THE FUND FOR UCAP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, FINANCE, DEVELOP, LEASE AND MAINTAIN LAND AND A SCHOOL BUILDING LEASED TO TWO NON-PROFIT ENTITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Finley President | OfficerTrustee | 1 | $0 |
David Haffenreffer Vice President | OfficerTrustee | 0.5 | $0 |
Carrie Chekal Secretary | OfficerTrustee | 0.5 | $0 |
Gib Conover Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $38,140 |
| 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 | $38,140 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $142,896 |
| 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 | $181,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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 | $45,000 |
| 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 | $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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $195,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,140 |
| 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 | $5,919,156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,235,424 |
| Accounts payable and accrued expenses | $23,619 |
| Grants payable | $0 |
| Deferred revenue | $39,154 |
| 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 | $1,408,082 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,470,855 |
| Net assets without donor restrictions | $4,633,385 |
| Net assets with donor restrictions | $131,184 |
| 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 | $6,235,424 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fund For Ucap Realty Company has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Fund For Ucap Providence, RI PURPOSE: EDUCATIONAL | $60,000 |
Endowment Analysis
| Net Contributions | $100,000 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George H And Irene L Walker Trust Rochester, MA | $0 | $164,069 |
North Hill Communities Inc Needham, MA | $928,543 | $907,714 |
Community Human Services Inc Trust Lexington, MA | $17,068,220 | $1,183,549 |
Fuller Schoolhouse Road Beverly, MA | $30,586,625 | $4,149,465 |
Mw Healthcare Inc New Haven, CT | $26,030,400 | $1,568,792 |
Community Action Enterprises Inc Greenfield, MA | $446,429 | $906,772 |
Dovetail Sip Inc Stamford, CT | $21,394 | $259,427 |
Harc Foundation Inc Hartford, CT | $4,120,915 | -$529,015 |
Jewish Federation Of Greater Bridgeport Bridgeport, CT | $6,358,074 | $1,527,830 |
Fund For Ucap Realty Company Providence, RI | $6,235,424 | $181,036 |
Mision De Caridad Arlington, MA | $429,465 | $333,056 |
Odd Fellows Faith Hope And Charity Fund Inc Groton, CT | $3,732,417 | $285,189 |