Uptown Reinvestment Corporation Inc
- Assets
- $86.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 38-3493359
Organization Overview
Uptown Reinvestment Corporation Inc is located in Flint, MI. The organization was established in 2000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uptown Reinvestment Corporation 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 Reinvestment Corporation Inc generated $7.2m 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 (23.0%) 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 (26.7%) 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
SEE PART III LINE 1 DESCRIPTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF ECONOMIC GROWTH, EMPLOYMENT, AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT BY:* OFFERING FINANCIAL AND TECHNICAL ASSISTANCE THROUGH PROCUREMENT OF PRIVATE INVESTMENT CAPITAL AND FEDERAL AND STATE GRANTS* ACQUIRING AND REVITALIZING UNDER UTILIZED COMMERCIAL REAL ESTATE
THE PROMOTION OF ECONOMIC GROWTH, EMPLOYMENT, AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT BY:* OPERATING AND SUPPORTING THE OPERATIONS OF THE LOCAL FARMERS' MARKET LOCATED IN DOWNTOWN FLINT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Herman President | OfficerTrustee | 1 | $0 |
Greg Viener Chair/secretary | OfficerTrustee | 1 | $0 |
Jack Stock Vice President | OfficerTrustee | 1 | $0 |
Deborah Cherry Treasurer | OfficerTrustee | 1 | $0 |
Greg Fiedler Director | Trustee | 1 | $0 |
Loyst Fletcher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Premier Security Solutions Security Service | 12/30/21 | $323,644 |
Flint & Genesee Chamber Of Commerce Admin Support | 12/30/21 | $826,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,175,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,152,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,327,000 |
| Total Program Service Revenue | $292,333 |
| Investment income | -$405,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,009,541 |
| 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 | $7,223,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $101,238 |
| 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 | $991,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,882 |
| Fees for services: Accounting | $34,367 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,773 |
| Advertising and promotion | $23,103 |
| Office expenses | $59,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $581,837 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $117,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,256 |
| Insurance | $69,046 |
| All other expenses | $630,581 |
| Total functional expenses | $2,848,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $6,856,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,461,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,757,559 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,207 |
| Net Land, buildings, and equipment | $7,101,083 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $55,130,132 |
| Intangible assets | $0 |
| Other assets | $90,792 |
| Total assets | $86,466,656 |
| Accounts payable and accrued expenses | $540,357 |
| Grants payable | $0 |
| Deferred revenue | $34,995 |
| 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 | $2,893,472 |
| Total liabilities | $3,468,824 |
| Net assets without donor restrictions | $79,342,069 |
| Net assets with donor restrictions | $3,655,763 |
| 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 | $86,466,656 |
Grants Awarded
Over the last fiscal year, Uptown Reinvestment Corporation Inc has awarded $1,676,518 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLINT COMMUNITY SCHOOL DISTRICT PURPOSE: EARLY CHILDHOOD DEV | $1,480,035 |
RED INK FLINT INC PURPOSE: YOUTH ARTS VENUE | $196,483 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Uptown Reinvestment Corporation Inc has recieved totaling $4,520,275.
| Awarding Organization | Amount |
|---|---|
Flint Cultural Center Corporation Inc Flint, MI PURPOSE: DEVELOPMENT OF ARTS | $1,472,609 |
Flint Cultural Center Corporation Inc Flint, MI PURPOSE: DEVELOPMENT OF ARTS | $1,472,609 |
Flint Cultural Center Corporation Inc Flint, MI PURPOSE: DEVELOPMENT OF ARTS | $1,472,609 |
Fair Food Network Ann Arbor, MI PURPOSE: FUND DOUBLE VALUE COUPONS TO BE USED BY AREA RESIDENTS FOR PRODUCE | $102,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Automation Alley Troy, MI | $10,050,141 | $14,162,417 |
International Automotive Oversight Bureau Southfield, MI | $23,323,319 | $7,456,066 |
Ohio Community Development Finance Fund Columbus, OH | $57,278,842 | $7,712,446 |
Cincinnati Better Business Bureau Inc Cincinnati, OH | $1,847,305 | $4,143,788 |
Battle Creek Unlimited Inc Battle Creek, MI | $30,442,185 | $6,639,976 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |
Better Business Bureau Of Wisconsin Inc Milwaukee, WI | $5,171,220 | $3,579,852 |
Uptown Reinvestment Corporation Inc Flint, MI | $86,466,656 | $7,223,856 |
Great Lakes Womens Business Council Livonia, MI | $4,549,211 | $2,702,361 |
American Alliance Of Orthopaedic Executives Inc Indianapolis, IN | $1,277,728 | $2,372,301 |
Better Business Bureau Of Western Michigan Inc Grand Rapids, MI | $2,011,016 | $2,272,274 |
Better Business Bureau Of Toledo Inc Toledo, OH | $3,159,147 | $2,296,874 |