Uptown Reinvestment Corporation Inc
- Assets
- $73.6m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 02/2000
- Data as of
- 09/2019
- 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.
For the year ending 09/2019, Uptown Reinvestment Corporation Inc generated $13.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $2.4m during the year ending 09/2019. As we would expect to see with falling revenues, expenses have declined by (37.7%) per year over the past 5 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
2019
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 |
|---|---|---|---|
Jack Stock Vice President | OfficerTrustee | 1 | $0 |
Tim Herman President | OfficerTrustee | 1 | $0 |
Deborah Cherry Treasurer | OfficerTrustee | 1 | $0 |
Greg Viener Chair/secretary | OfficerTrustee | 1 | $0 |
Isaiah Oliver Director | Trustee | 1 | $0 |
Gerard Burnash Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flint & Genesse Chamber Of Commerce Admin Support | 9/29/19 | $593,074 |
Jhohman Llc Security Service | 9/29/19 | $231,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,397,178 |
| Investment income | $91,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $962,079 |
| Net Gain/Loss on Asset Sales | $36,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,804,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $114,763 |
| 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 to disqualified persons | $325,827 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $274,856 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,706 |
| Fees for services: Legal | $35,373 |
| Fees for services: Accounting | $44,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,284 |
| Office expenses | $34,025 |
| Information technology | $18,935 |
| Royalties | $0 |
| Occupancy | $603,564 |
| Travel | $7,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,593 |
| Insurance | $35,148 |
| All other expenses | $0 |
| Total functional expenses | $2,354,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $3,920,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,409,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,838,786 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $56,857,387 |
| Intangible assets | $1,956 |
| Other assets | $572,038 |
| Total assets | $73,610,956 |
| Accounts payable and accrued expenses | $391,177 |
| Grants payable | $0 |
| Deferred revenue | $6,236 |
| 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 | $35,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,921,273 |
| Total liabilities | $4,353,686 |
| Net assets without donor restrictions | $69,250,566 |
| Net assets with donor restrictions | $6,704 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $69,257,270 |
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 3 grants that Uptown Reinvestment Corporation Inc has recieved totaling $3,047,666.
| 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 |
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 |
|---|---|---|
Techsolve Inc Cincinnati, OH | $10,451,081 | $6,456,130 |
International Automotive Oversight Bureau Southfield, MI | $21,668,680 | $6,703,197 |
Battle Creek Unlimited Inc Battle Creek, MI | $17,572,078 | $5,028,211 |
Ohio Community Development Finance Fund Columbus, OH | $45,667,389 | $11,181,596 |
Cincinnati Better Business Bureau Inc Cincinnati, OH | $1,945,877 | $4,187,081 |
Automation Alley Troy, MI | $8,147,268 | $3,683,190 |
Better Business Bureau Of Wisconsin Inc Milwaukee, WI | $4,588,602 | $3,163,279 |
American Alliance Of Orthopaedic Executives Inc Indianapolis, IN | $1,634,480 | $2,510,648 |
Uptown Reinvestment Corporation Inc Flint, MI | $73,610,956 | $13,804,257 |
Forward Community Investments Inc Madison, WI | $27,278,627 | $2,941,773 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $4,748,446 | $2,689,885 |
Better Business Bureau Of Toledo Inc Toledo, OH | $2,658,019 | $2,301,752 |