Urban Renaissance Partners Inc
- Assets
- $20.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 47-5487600
Organization Overview
Urban Renaissance Partners Inc is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Renaissance Partners 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 12/2023, Urban Renaissance Partners Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 71.1% each year . All expenses for the organization totaled $5.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Urban Renaissance Partners Inc has awarded 16 individual grants totaling $7,485,205. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
URBAN RENAISSANCE PARTNERS (URP) REVITALIZES URBAN NEIGHBORHOODS WITH A FOCUS ON DEVELOPING ENERGY EFFICIENT, SAFE AND AFFORDABLE HOUSING AND ON WHOLISTIC SOLUTIONS TO PERSISTENT SOCIAL AND ECONOMIC DISTRESS. URP WORKS IN A COLLABORATIVE MANNER AND STRIVES TO ACHIEVE SUCCESS BY TARGETED, WHOLE BLOCK STRATEGIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
URP WORKS DILIGENTLY TO AQUIRE REAL ESTATE IN TARGET AREAS OPPORTUNISTICALLY WITH A GOAL OF PRESERVING AFFORDABILITY AND DEVELOPABLE LOTS FOR SINGLE FAMILY, MULTIFAMILY OR COMMERCIAL DEVELOPMENT. IN 2023 URP INVESTED $5 MILLION IN AQUISITION, REHABILITATION AND UPKEEP OF PROPERTIES THAT ARE EITHER RENTED OR HELD FOR DEVELOPMENT IN ALIGNMENT WITH OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Archie Willis III President | OfficerTrustee | 1 | $0 |
Steve Barlow Secretary | OfficerTrustee | 1 | $0 |
Roshun Austin Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Envirorem Inc Remove Asbestos | 12/30/17 | $184,187 |
Ensafe Abatement | 12/30/17 | $127,462 |
Specialty Abatement Services Inc Remove Asbestos | 12/30/17 | $140,319 |
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 | $3,426,684 |
| Noncash contributions included in lines 1a–1f | $238,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,426,684 |
| Total Program Service Revenue | $423,222 |
| Investment income | $164,961 |
| 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 | $4,096,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,510,303 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $17,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,535 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $271,741 |
| Insurance | $25,299 |
| All other expenses | $61,498 |
| Total functional expenses | $5,421,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,678,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $100,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,088,084 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,391,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,580 |
| Total assets | $20,291,397 |
| Accounts payable and accrued expenses | $558,309 |
| 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 | $650,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,242,862 |
| Total liabilities | $3,451,171 |
| Net assets without donor restrictions | $15,180,527 |
| Net assets with donor restrictions | $1,659,699 |
| 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 | $20,291,397 |
Grants Awarded
Over the last fiscal year, Urban Renaissance Partners Inc has awarded $3,507,807 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KLONDIKE SMOKEY CITY CDC PURPOSE: Operating Support | $47,603 |
THE WORKS PURPOSE: Contribution of Property | $3,358,175 |
KLONDIKE COMMUNITY LAND TRUST PURPOSE: Contribution of Property | $102,029 |