Madisonville Community Urban Redevelopment Corporation
- Assets
- $1.9m
- Revenue
- $170.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Cincinnati, OH
- Founding
- 02/1976
- Data as of
- 12/2021
- EIN
- 51-0178908
Organization Overview
Madisonville Community Urban Redevelopment Corporation is located in Cincinnati, OH. The organization was established in 1976. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Madisonville Community Urban Redevelopment Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madisonville Community Urban Redevelopment Corporation 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, Madisonville Community Urban Redevelopment Corporation generated $170.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $270.7k during the year ending 12/2021. 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
ADVANCING MADISONVILLE THROUGH INCLUSIVE COMPREHENSIVE COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCEMENT OF ECONOMIC DEVELOPMENT ACTIVITIES IN MADISONVILLE'S BUSINESS DISTRICT, BY EXPANDING PARTNERSHIPS TO PREPARE FOR THE NEIGHBORHOOD'S REDEVELOPMENT, BY MAINTAINING RENTAL PROPERTY TO HELP ENHANCE THE NEIGHBORHOOD, BY RECRUITING BUSINESSES TO THE NEIGHBORHOOD, AND BY PARTNERING TO DEVELOP COMMERICAL AND RESIDENTIAL PROPERTIES.
EXPANDING COMMUNITY ENGAGEMENT EFFORTS BY RECRUITING VOLUNTEERS, PLANNING EVENTS, DEEPENING PARTNERSHIPS WITH STAKEHOLDERS THROUGHOUT MADISONVILLE.
PROMOTING THE NEIGHBORHOOD AS A GOOD PLACE TO LIVE, START A BUSINESS, INVEST IN, AND DEVELOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elishia Chamberlain Executive Director | Officer | 45 | $51,708 |
Julia Kyser Contract Accountant | Officer | 5 | $5,289 |
Michael Cervay Interim Executive Director | Officer | 10 | $1,320 |
Naima Clarke President | OfficerTrustee | 3 | $0 |
Dave Ackermann Treasurer, Resigned 02/21 | OfficerTrustee | 1 | $0 |
Kat Pepmeyer Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,212 |
| Total Program Service Revenue | $22,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,666 |
| 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 | $170,919 |
| 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. | $58,317 |
| Compensation of current officers, directors, key employees. | $21,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,167 |
| Payroll taxes | $6,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,175 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,681 |
| Advertising and promotion | $1,246 |
| Office expenses | $9,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,129 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,948 |
| Insurance | $10,008 |
| All other expenses | $2,054 |
| Total functional expenses | $270,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $42,173 |
| Accounts receivable, net | $2,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $526,163 |
| Prepaid expenses and deferred charges | $6,969 |
| Net Land, buildings, and equipment | $871,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,941,900 |
| Accounts payable and accrued expenses | $25,981 |
| 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 | $245,621 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,081 |
| Total liabilities | $273,683 |
| Net assets without donor restrictions | $1,655,717 |
| Net assets with donor restrictions | $12,500 |
| 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 | $1,941,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Madisonville Community Urban Redevelopment Corporation has recieved totaling $138,224.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $100,000 |
Homebase Cincinnati Cincinnati, OH PURPOSE: OPERATING & GENERAL | $38,224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |