Uptown Consortium Inc
- Assets
- $48.8m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Cincinnati, OH
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-0688727
Organization Overview
Uptown Consortium Inc is located in Cincinnati, OH. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Uptown Consortium Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uptown Consortium 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, Uptown Consortium Inc generated $3.6m 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 (6.3%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CORPORATION DEDICATED TO THE HUMAN, SOCIAL, ECONOMIC, AND PHYSICAL IMPROVEMENT OF CINCINNATI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT AND PUBLIC SAFETY - THE OBJECTIVE IS TO PROMOTE UPTOWN NEIGHBORHOODS AS VIBRANT COMMUNITIES WHERE PEOPLE OF DIVERSE ECONOMIC AND CULTURAL BACKGROUND LIVE, WORK, LEARN AND PLAY TOGETHER AND TO ENSURE THAT UPTOWN IS SAFE, ATTRACTIVE AND WALKABLE COMMUNITY FOR ITS RESIDENTS, EMPLOYEES, STUDENTS AND VISITORS.
ORGANIZATION AND PLANNING - THE OBJECTIVE OF UPTOWN CONSORTIUM IS TO PROMOTE ECONOMIC DEVELOPMENT EFFORTS AND NEIGHBORHOOD SERVICES THROUGH INTEGRATED STRATEGIES THAT ADDRESS PHYSICAL IMPROVEMENTS TO HOUSING, INFRASTRUCTURE, AND COMMERCIAL AREAS INCREASING COMMUNITY ECONOMIC ASSETS, AND CREATION AND EXPANSION OF COMMERCIAL INDUSTRIAL, LIFE SCIENCES, HEALTHCARE AND EDUCATIONAL- RELATED SERVICES.
NEIGHBORHOOD SERVICES - THE OBJECTIVE OF UPTOWN CONSORTIUM IS TO UNIFY UPTOWN'S CULTURALLY DIVERSE NEIGHBORHOODS AND CREATE A CLEAR SENSE OF PLACE BY FOCUSING ON INITIATIVES FOR PUBLIC SAFETY, TRANSPORTATION, HOUSING, ECONOMIC DEVELOPMENT AND INTEGRATED SOCIAL SERVICES FOR NEIGHBORHOOD RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Robinson President & CEO | Officer | 40 | $320,956 |
Franz Stansbury Director, Real Estate | Officer | 40 | $169,626 |
Richard Lopez Director, Accounting & Finance | Officer | 40 | $114,490 |
Dr Neville Pinto Chair | OfficerTrustee | 1 | $0 |
Michael Fisher Vice Chairperson | OfficerTrustee | 1 | $0 |
Andrew Devoe Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Web Ventures Llc Consultation Fee | 12/30/21 | $198,849 |
Wordsworth Consultation Fee | 12/30/21 | $109,217 |
Memello Ground Keeping | 12/30/21 | $108,708 |
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 | $3,076,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,076,661 |
| Total Program Service Revenue | $558,422 |
| 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 | $3,635,083 |
| 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. | $704,513 |
| Compensation of current officers, directors, key employees. | $328,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,199 |
| Pension plan accruals and contributions | $4,858 |
| Other employee benefits | $52,662 |
| Payroll taxes | $63,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,890 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,166 |
| Advertising and promotion | $111,126 |
| Office expenses | $51,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $690,557 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,299 |
| Insurance | $3,625 |
| All other expenses | $40,086 |
| Total functional expenses | $2,758,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,107,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,641,466 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,222 |
| Net Land, buildings, and equipment | $29,519,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $238,368 |
| Total assets | $48,769,144 |
| Accounts payable and accrued expenses | $7,386,658 |
| Grants payable | $0 |
| Deferred revenue | $269,273 |
| 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 | $32,866,408 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,390,553 |
| Total liabilities | $54,912,892 |
| Net assets without donor restrictions | -$6,143,748 |
| 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 | $48,769,144 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Uptown Consortium Inc has recieved totaling $1,345,952.
| Awarding Organization | Amount |
|---|---|
Trihealth Inc Cincinnati, OH PURPOSE: GENERAL PURPOSES | $510,527 |
Uc Healthcare System Cincinnati, OH PURPOSE: GENERAL | $290,000 |
The Good Samaritan Hospital Of Cincinnati Ohio Dtd 01251995 Cincinnati, OH PURPOSE: GENERAL PURPOSES | $266,699 |
Bethesda Hospital Inc Cincinnati, OH PURPOSE: GENERAL PURPOSES | $243,726 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $25,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: ENVIRONMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |