Urban Erie Community Development Corporation
- Assets
- $300.5k
- Revenue
- $962.0k
- Investments
- $0.0
- Employees
- 165
- Location
- Erie, PA
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 31-1605969
Organization Overview
Urban Erie Community Development Corporation is located in Erie, PA. The organization was established in 1998. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Urban Erie Community Development Corporation employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Erie Community Development 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 Erie Community Development Corporation generated $962.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 16.0% 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 ACCOMPLISH WHAT IS GREATER BY INCREASING THE CAPACITY FOR ECONOMIC SELF-SUFFICIENCY THROUGH CUTTING-EDGE EDUCATIONAL SERVICES AND TRAINING; BY EMPOWERING YOUTH TO BUILD THEIR SKILLS AND GROW TO THEIR POTENTIAL; AND BY INSPIRING THE COMMUNITY TO TAKE STEPS TOWARDS CREATING A BETTER FUTURE FOR ITS PEOPLE AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ECONOMIC GROWTH, EDUCATION AND JOB TRAINING OPPORTUNITIES, AND ENHANCE THE QUALITY OF LIFE IN DISTRESSED, LOW-INCOME NEIGHBORHOODS IN THE URBAN ERIE AREA - MINORITY & LOW-INCOME INDIVIDUALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Horton Executive Di | Officer | 40 | $116,177 |
Wala Ahmed Secretary | Trustee | 1 | $0 |
Dr Anthony Snow President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $927,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $947,077 |
| Total Program Service Revenue | $0 |
| 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 | $962,029 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,292 |
| Pension plan accruals and contributions | $1,160 |
| Other employee benefits | $54,380 |
| Payroll taxes | $52,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,533 |
| Advertising and promotion | $0 |
| Office expenses | $22,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,581 |
| Travel | $1,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,071 |
| Insurance | $8,254 |
| All other expenses | $0 |
| Total functional expenses | $1,049,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,318 |
| 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 | $0 |
| Net Land, buildings, and equipment | $34,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,510 |
| Accounts payable and accrued expenses | $6,977 |
| Grants payable | $0 |
| Deferred revenue | $364,387 |
| 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 | $371,364 |
| Net assets without donor restrictions | -$70,854 |
| 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 | $300,510 |