Urban Restoration Enhancement Corporation
- Assets
- $4.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Baton Rouge, LA
- Founding
- 05/1993
- Data as of
- 06/2022
- EIN
- 72-1223347
Organization Overview
Urban Restoration Enhancement Corporation is located in Baton Rouge, LA. The organization was established in 1993. 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 06/2022, Urban Restoration Enhancement Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Restoration Enhancement 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 06/2022, Urban Restoration Enhancement Corporation generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 4.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING, SMALL BUSINESS TRAINING AND YOUTH DEVELOPMENT OPPORTUNITIES TO IMPROVE NEIGHBORHOODS ACROSS BATON ROUGE AND THE SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UREC RENOVATED AND NOW MANAGES THREE HOUSING COMUNITIES TO MEET THE NEEDS OF OVER 100 LOW TO MODERATE INCOME PERSONS ANNUALLY. UREC OPERATES THE URBAN GARDENS APARTMENT COMMUNITINTY.
UREC OPERATES MULTIPLE YOUTH DEVELOPMENT PROGRAMS TO ASSIST STUDENTS GRADES K-12. OUR YOUTH PROGRAMS PROVIDES AFTERSCHOOL AND SUMMER ENRICHMENT PROGRAMS SERVING STUDENTS IN THE BATON ROUGE AREA. OUR COLLEGE AND CAREER READY INITIATIVES PROVIDE HIGH SCHOOL STUDENTS WITH TOOLS TO PLAN FOR A SUCCESSFUL TRANSITION AFTER THEY GRADUATE. OUR WHIZ KIDS PROGRAM FOCUSES ON ACADEMIC ENRICHMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATHEMATICS.
UREC ACQUIRES AND REHABILITATES HOMES IN DISTRESSED HIGH POVERTY NEIGHBORHOODS. THESE HOMES ARE REHABILITATED TO PROVIE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES LIVING IN BATON ROUGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Girard Melancon PHD Chair | OfficerTrustee | 2 | $0 |
Morise Duffin Vice Chair | OfficerTrustee | 2 | $0 |
Kenyetta Nelson-Smith Secretary | OfficerTrustee | 2 | $0 |
Linda Clark Director | Trustee | 1 | $0 |
Michael Johnson Director | Trustee | 1 | $0 |
Anita Byrne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,078,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,182,074 |
| Total Program Service Revenue | $53,829 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,916,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,683 |
| 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. | $95,000 |
| Compensation of current officers, directors, key employees. | $47,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,697 |
| Payroll taxes | $26,555 |
| Fees for services: Management | $0 |
| 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 | $2,787 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,681 |
| Insurance | $26,091 |
| All other expenses | $1,312,728 |
| Total functional expenses | $1,828,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,496,827 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $431,562 |
| Accounts receivable, net | $46,870 |
| 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 | $2,486 |
| Net Land, buildings, and equipment | $2,294,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,272,523 |
| Accounts payable and accrued expenses | $127,588 |
| 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 | $2,372,095 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,499,683 |
| Net assets without donor restrictions | $1,474,813 |
| Net assets with donor restrictions | $298,027 |
| 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 | $4,272,523 |