Jubilee Urban Renewal Corporation
- Assets
- $990.0
- Revenue
- -$11.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Youngstown, OH
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 34-1660086
Organization Overview
Jubilee Urban Renewal Corporation is located in Youngstown, OH. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jubilee Urban Renewal Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Since 2021, Jubilee Urban Renewal Corporation has awarded 13 individual grants totaling $2,220,720. 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
TO PROVIDE LOW INCOME HOUSING TO INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOME OWNERSHIP TO LOW INCOME FAMILIES IN THE YOUNGSTOWN, OHIO AREA THROUGH REHABBING HOUSES, SELLING LAND CONTRACTS, AND INVESTING IN LOW INCOME HOUSING PROJECTS THROUGH LOAN PROGRAMS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Bobby Murphy Board Member - Thru September | Trustee | 0.5 | $0 |
Charlotte Croft Board Member - Thru September | Trustee | 0.5 | $0 |
Ed Schenk Board Member - Thru September | Trustee | 0.5 | $0 |
Eric Holm Board Member - September Start | Trustee | 0.5 | $12,000 |
Jonathan Imler Board Member - September Start | Trustee | 0.5 | $0 |
Nate Pinkard Board Member - September Start | Trustee | 0.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $840 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51 |
| Net Rental Income | $2,772 |
| Net Gain/Loss on Asset Sales | -$19,544 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$11,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,020,220 |
| 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. | $100,104 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,973 |
| Fees for services: Accounting | $9,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,091 |
| Insurance | $0 |
| All other expenses | $61 |
| Total functional expenses | $1,248,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $990 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $990 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $990 |
| 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 | $990 |
Grants Awarded
Over the last fiscal year, Jubilee Urban Renewal Corporation has awarded $1,015,220 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNGSTOWN COMMUNITY FOOD CENTER INC PURPOSE: CASH DONATION | $500,000 |
FELLOWSHIP TABERNACLE CHRISTIAN CENTER PURPOSE: CASH DONATION | $160,000 |
RESCUE MISSION OF MAHONING VALLEY PURPOSE: CASH DONATION | $5,220 |
DAKOTA PRESBYTERY PURPOSE: CASH DONATION | $50,000 |
VINEWORKS INITIATIVE PURPOSE: CASH DONATION | $300,000 |