Overview
What is Upper Manhattan Empowerment Zone Development Corporation?
The Upper Manhattan Empowerment Zone Development Corporation is a nonprofit organization situated in New York City, specifically at 55 WEST 125TH STREET 11TH FLOOR, New York, NY 10027. Their primary mission is to revitalize the economic landscape of Upper Manhattan communities. They achieve this goal by fostering job creation, establishing corporate alliances, making strategic investments, and providing assistance to small businesses. The corporation's workforce comprises 20 dedicated individuals who are committed to improving the overall economic situation in the Upper Manhattan area.
Official website here: www.umez.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)
The Upper Manhattan Empowerment Zone Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in several key areas, including independent board governance and material diversion of assets, the organization demonstrates a commitment to transparency and responsible fiscal management.
The organization boasts a high program expense ratio of over 90%, indicating that a significant portion of its funding is directed toward delivering programs and services that benefit the community. The presence of robust policies, including conflict of interest and whistleblower policies, further signifies the organization's dedication to ethical practices and operational integrity.
While the ratings highlight numerous strengths, the summary does not mention any specific limitations or challenges faced by the organization. Overall, the Upper Manhattan Empowerment Zone Development Corporation appears to be a well-managed nonprofit that effectively uses its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Upper Manhattan Empowerment Zone Development Corporation legitimate?
Upper Manhattan Empowerment Zone Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upper Manhattan Empowerment Zone Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $627,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,318,248
For more financial information, click here
Official website here: www.umez.org
What is the mission statement of Upper Manhattan Empowerment Zone Development Corporation?
The Upper Manhattan Empowerment Zone Development Corporation's mission is centered around revitalizing all communities in Upper Manhattan. They achieve this goal through various strategies, including job creation, fostering corporate alliances, making strategic investments, and offering assistance to small businesses. This multifaceted approach aims to stimulate economic growth and development across the region.
Official website here: www.umez.org
Who is the CEO of Upper Manhattan Empowerment Zone Development Corporation?
Blair M Duncan is the CEO of Upper Manhattan Empowerment Zone Development Corporation The CEO's salary of Upper Manhattan Empowerment Zone Development Corporation is $302,639 and their total compensation is $437,487.
Official website here: www.umez.org
What is the revenue of Upper Manhattan Empowerment Zone Development Corporation?
Upper Manhattan Empowerment Zone Development Corporation's revenue in 2024 was $4,970,842.
Official website here: www.umez.org
Who are the executives of Upper Manhattan Empowerment Zone Development Corporation and what are their salaries?
The average compensation at Upper Manhattan Empowerment Zone Development Corporation during 2024 was $114,465. There are 17 employees and 15 volunteers at Upper Manhattan Empowerment Zone Development Corporation.
Here are 21 key members and their salaries (Upper Manhattan Empowerment Zone Development Corporation's CEO's salary is $302,639 and their total compensation is $437,487):
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- Compensation: $302,639
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- Compensation: $185,510
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- Other: $14,871
- Compensation: $159,181
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- Other: $34,294
Official website here: www.umez.org
Where can I find the form 990 for Upper Manhattan Empowerment Zone Development Corporation?
Upper Manhattan Empowerment Zone Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.umez.org
Learn more at the official website: www.umez.org
Mission Statement of Upper Manhattan Empowerment Zone Development Corporation
The Upper Manhattan Empowerment Zone Development Corporation, a noteworthy organization, is committed to revitalizing the economic landscape of all communities within Upper Manhattan. They achieve this mission through a multi-faceted approach that includes job creation, building corporate alliances, making strategic investments, and offering assistance to small businesses. By implementing these strategies, the organization aims to stimulate economic growth and promote sustainable development in the communities they serve.
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Impact
October, 2024
The Upper Manhattan Empowerment Zone Development Corporation plays a crucial role in driving economic revitalization across Upper Manhattan. Its impact is evidenced through various initiatives focused on job creation, fostering corporate alliances, and making strategic investments. By providing assistance to small businesses, the organization helps stimulate local entrepreneurship and create sustainable economic opportunities. This multifaceted approach not only enhances the community’s economic landscape but also empowers residents and businesses, promoting overall community improvement and resilience in Upper Manhattan.
This information is meant to be a general summary of Upper Manhattan Empowerment Zone Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $2,622,790
- Program Service Revenue: $1,037,987
- Gross Receipts: $4,970,842
Assets and Liabilities:
- Total Assets: $79,925,047
- Total Liabilities: $8,684,187
- Net Assets: $71,240,860
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$1,037,987
Organization Details
Founding Year
1995
Principal Officer
Blair M Duncan
Website
www.umez.orgNTEE Category
Code: S310 - Community improvement
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