Urban Renaissance Partners Inc
- Assets
- $17.5m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-5487600
Organization Overview
Urban Renaissance Partners Inc is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Renaissance Partners 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 12/2021, Urban Renaissance Partners Inc generated $11.9m in total revenue. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 108.6% per year over the past 6 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
URBAN RENAISSANCE PARTNERS (URP) REVITALIZES URBAN NEIGHBORHOODS WITH A FOCUS ON DEVELOPING ENERGY EFFICIENT, SAFE AND AFFORDABLE HOUSING AND ON WHOLISTIC SOLUTIONS TO PERSISTENT SOCIAL AND ECONOMIC DISTRESS. URP WORKS IN A COLLABORATIVE MANNER AND STRIVES TO ACHIEVE SUCCESS BY TARGETED, WHOLE BLOCK STRATEGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE URP FACILITATED DEVELOPMENT OF RENAISSANCE AT STEELE APARTMENTS, 146 UNITS OF AFFORDABLE HOUSING IN THE FRAYSER NEIGHBORHOOD OF MEMPHIS, WAS PLACED IN SERVICE IN 2021. URP CONTROLS THE COMBINED SIX ACRES OF ADJACENT PROPERTY AND CLEARED THE SITE IN 2021 WITH PLANS TO BUILD BACK A MODERN, COMMUNITY-FRIENDLY HOUSING DEVELOPMENT AND GREEN SPACE IN COMING YEARS. URP CONTINUES TO PARTNER WITH OTHER NONPROFIT COMMUNITY DEVELOPMENT PARTNERS TO ACQUIRE, MANAGE AND MAINTAIN REAL ESTATE FOR FUTURE DEVELOPMENT IN PURSUIT OF THE COMMUNITY DEVELOPMENT GOALS OF THE ORGANIZATION IN TARGETED NEIGHBORHOODS TO BUILD CRITICAL MASS AND ATTEMPT TO COMMENCE MARKET REVITALIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roshun Austin Treasurer | OfficerTrustee | 1 | $0 |
Archie Willis III President | OfficerTrustee | 1 | $0 |
Steve Barlow Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Envirorem Inc Remove Asbestos | 12/30/17 | $184,187 |
Specialty Abatement Services Inc Remove Asbestos | 12/30/17 | $140,319 |
Ensafe Abatement | 12/30/17 | $127,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,803,586 |
| Noncash contributions included in lines 1a–1f | $27,056 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,803,586 |
| Total Program Service Revenue | $0 |
| Investment income | $2,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$161,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,902,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $665,429 |
| 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 | $55,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,824 |
| Fees for services: Accounting | $16,000 |
| 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 | $28,492 |
| 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 | $53,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $53,948 |
| All other expenses | $1,293 |
| Total functional expenses | $1,938,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,066,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,801,845 |
| 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 | $10,663,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,560 |
| Total assets | $17,536,444 |
| Accounts payable and accrued expenses | $163,615 |
| 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 | $650,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,085,640 |
| Total liabilities | $1,899,255 |
| Net assets without donor restrictions | $13,947,294 |
| Net assets with donor restrictions | $1,689,895 |
| 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 | $17,536,444 |
Grants Awarded
Over the last fiscal year, Urban Renaissance Partners Inc has awarded $665,429 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: GRANT FOR LOT MAINTENANCE FUND AND PURCHASE OF LAND | $213,900 |
Memphis, TN PURPOSE: GRANTS FOR PURCHASE OF 935 VOLLINTINE AND OTHER OPERATING COSTS | $208,901 |
Memphis, TN PURPOSE: GRANT FOR MOBILE GROCERY TRAILER PURCHASE AND ACQUISITION OF A TRUCK WHICH WILL HAUL THE MOBILE GROCERY | $171,504 |
Memphis, TN PURPOSE: ANNUAL FUNDING 2020 PAYMENT 2 OF 2 | $37,500 |
TWI JV1 PURPOSE: SECURITY FOR MULTIPLE PROPERTIES DURING PERIOD OF HIGH THEFT AND RELOCATION COSTS FOR A TENANT IN A RECENTLY ACQUIRED PROPERTY IN UNSTABLE CONDITION. | $33,624 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Urban Renaissance Partners Inc has recieved totaling $7,636,304.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $7,636,304 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |
Habitat For Humanity Of Kansas City Kansas City, MO | $24,127,378 | $10,262,500 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |