Urban Revival Inc
- Assets
- $5.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Jamaica Plain, MA
- Founding
- 09/1979
- Data as of
- 06/2022
- EIN
- 04-2660311
Organization Overview
Urban Revival Inc is located in Jamaica Plain, MA. The organization was established in 1979. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Urban Revival Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Revival 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 06/2022, Urban Revival Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 13.0% per year over the past 7 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.
Since 2020, Urban Revival Inc has awarded 21 individual grants totaling $696,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ETHNIC/RACIAL HARMONY THROUGH AFFORDABLE HOUSING & ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING RACIAL, SOCIAL, ECONOMIC JUSTICE AND GENDER EQUALITY BY BUILDING THE POWER OF LOW-INCOME AND WORKING CLASS PEOPLE THROUGH EDUCATION, COALITION BUILDING, ADVOCACY AND DIRECT ACTION.
PROMOTING RACIAL, SOCIAL, ECONOMIC JUSTICE AND GENDER EQUALITY BY BUILDING THE POWER OF LOW-INCOME AND WORKING CLASS PEOPLE THROUGH EDUCATION, COALITION BUILDING, ADVOCACY AND DIRECT ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Matthews-Turner Co-Exec Dir | Officer | 40 | $81,091 |
Michael Leyba Co-Exec Dir | Officer | 40 | $72,781 |
Heather Gordon Vice Chair | OfficerTrustee | 5 | $0 |
Carolyn Lomax President | OfficerTrustee | 5 | $0 |
Maura Russell Treasurer | OfficerTrustee | 5 | $0 |
Mike Wolfson Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $228,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,698,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,926,893 |
| Total Program Service Revenue | $11,836 |
| Investment income | $1,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,940,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $194,000 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,000 |
| Compensation of current officers, directors, key employees. | $29,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $872,534 |
| Pension plan accruals and contributions | $29,377 |
| Other employee benefits | $201,861 |
| Payroll taxes | $87,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,722 |
| Fees for services: Accounting | $10,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,369 |
| Advertising and promotion | $0 |
| Office expenses | $28,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,885 |
| Travel | $2,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,767 |
| Insurance | $4,396 |
| All other expenses | $30,444 |
| Total functional expenses | $1,985,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,475,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $516,904 |
| 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 | $21,714 |
| Net Land, buildings, and equipment | $12,433 |
| Investments—publicly traded securities | $3,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $5,037,267 |
| Accounts payable and accrued expenses | $189,057 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $189,057 |
| Net assets without donor restrictions | $4,407,377 |
| Net assets with donor restrictions | $440,833 |
| 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 | $5,037,267 |
Grants Awarded
Over the last fiscal year, Urban Revival Inc has awarded $194,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RIGHT TO THE CITY BOSTON PURPOSE: RIGHTTOTHECITYBOSTON | $70,000 |
Brooklyn, NY PURPOSE: SPRINGFIELDNOONELEAV | $50,000 |
Boston, MA PURPOSE: ISHI RENTERS RISING | $20,000 |
Boston, MA PURPOSE: ISHI RENTER RISING | $20,000 |
NEW ENGLAND UNITED FOR JUSTICE PURPOSE: ISHI RENTERS RISING | $20,000 |
Jamaica Plain, MA PURPOSE: MUTUAL AID EASTIE | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Urban Revival Inc has recieved totaling $754,600.
| Awarding Organization | Amount |
|---|---|
The Hyams Foundation Inc Boston, MA PURPOSE: HOMES FOR ALL MASSACHUSETTS AND GENERAL SUPPORT | $265,500 |
Barr Foundation Boston, MA PURPOSE: SPECIAL INITIATIVES: TO PROVIDE GENERAL OPERATING SUPPORT | $150,000 |
Right To The City Alliance Inc Brooklyn, NY PURPOSE: HOMES FOR ALL | $130,000 |
Groundswell Fund San Francisco, CA PURPOSE: Program Support | $85,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $30,000 |
The Homestead Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |
Rupco Inc Kingston, NY | $24,947,682 | $11,097,811 |
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |