Jefferson Street United Merchants
- Assets
- $620.9k
- Revenue
- $160.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Nashville, TN
- Founding
- 10/2012
- Data as of
- 12/2022
- EIN
- 62-1595037
Organization Overview
Jefferson Street United Merchants, operating under the name Jefferson Street United Merchants P, is located in Nashville, TN. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Jefferson Street United Merchants P employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson Street United Merchants P 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, Jefferson Street United Merchants P generated $160.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $110.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 6 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
JEFFERSON STREET UNITED MERCHANTS PARTNERSHIP, CDC, CHDO (JUMP), A TENNESSEE NONPROFIT PUBLIC BENEFIT CORPORATION WAS ESTABLISHED TO DEVELOP, FOSTER AND PROMOTE COOPERATIVE ECONOMIC DEVELOPMENT THROUGH REVITALIZATION, ACQUISITION, EDUCATION AND PUBLIC SAFETY PROGRAMS IN NORTH NASHVILLE, TN. JUMP SERVES JEFFERSON STREET AND THE SURROUNDING COMMUNITY THROUGH ADVOCACY, COMMERCE, AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING IN COOPERATION WITH METROPOLITAN DEVELOPMENT HOUSING AGENCY AND THE HUD FUNDED NEIGHBORHOOD STABILIZATION PROGRAM, II, JUMP ACQUIRED AND REHABILITATED TEN HOMES IN THE LOW-MODERATE INCOME COMMUNITIES OF NORTH NASHVILLE AND LEASES THOSE HOMES TO QUALIFIED RESIDENTS.
JUMP COMMUNITY DEVELOPMENT FOCUSES ON ADVOCACY AND SUPPORT OF COMMUNITY BUSINESS ACTIVITIES. THIS MAY INCLUDE ADVERTISEMENT, MARKETING, BEAUTIFICATION AND SAFETY FOR THE FOLLOWING: GATEWAY TO HERITAGE, JUBILEE BRIDGE, MEMBERSHIP MEETINGS, AND CHRISTMAS EXTRAVAGANZA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Fitzgerald Executive Di | Officer | 40 | $9,200 |
Christopher Simmons Chair | Officer | 10 | $0 |
Marlah Green Secretary | Officer | 10 | $0 |
Jonathan Parrish Board Member | Officer | 10 | $0 |
Eddie Gray Board Member | Officer | 10 | $0 |
Rashad Donelson Board Member | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,500 |
| Related organizations | $0 |
| Government grants | $87,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,598 |
| Total Program Service Revenue | $67,164 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$114,784 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,978 |
| 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. | $9,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,671 |
| Advertising and promotion | $1,061 |
| Office expenses | $285 |
| Information technology | $341 |
| Royalties | $0 |
| Occupancy | $7,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $532 |
| Interest | $2,438 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,982 |
| Insurance | $28,008 |
| All other expenses | $10,850 |
| Total functional expenses | $110,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $10,305 |
| Net Land, buildings, and equipment | $567,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $620,881 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $262,656 |
| 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 | $1,283 |
| Other liabilities | $52,917 |
| Total liabilities | $316,856 |
| Net assets without donor restrictions | $304,025 |
| Net assets with donor restrictions | $0 |
| 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 | $620,881 |