Overview
What is Urban Renewal Corp?
Urban Renewal Corp is a nonprofit organization situated in Newark, New Jersey, at 224 Sussex Ave. Their primary mission is to provide emergency housing and support services to the homeless population in the area. Additionally, they offer HIV testing and counseling related to drug abuse. Their initiatives encompass training, counseling, education, and temporary housing for various groups such as welfare recipients, individuals released from prison, homeless individuals, and AIDS victims. With a workforce of 58 employees, Urban Renewal Corp is dedicated to enhancing the lives of those in need, offering a vital safety net and resources for improvement.
Official website here: www.urbanrenewal.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Urban Renewal Corp has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates that the organization has effectively managed its resources and maintains transparency in its operations. The rating is based solely on the accountability and finance metrics, showcasing the organization's commitment to ethical practices and responsible financial management.
The organization boasts a fully independent board, with 100% of its members meeting this criterion. Urban Renewal Corp also excels in its financial practices, evidenced by a strong audit performance and a program expense ratio of 78.56%, which indicates that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, their policies on conflict of interest and whistleblowing demonstrate a dedication to ethical governance.
However, the rating does not provide insight into the organization's programmatic effectiveness or impact on the community it serves. While its financial health and governance are strong, potential donors and supporters may want to seek additional information regarding the specific outcomes of Urban Renewal Corp's initiatives to fully assess its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Urban Renewal Corp legitimate?
Urban Renewal Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Renewal Corp 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: $130,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.urbanrenewal.org
What is the mission statement of Urban Renewal Corp?
Urban Renewal Corp's mission is centered around providing support and resources to various groups in need. Their primary focus includes offering training, counseling, education, and temporary housing to welfare recipients, individuals released from prison, homeless people, and those affected by AIDS. The corporation aims to empower these individuals, helping them to overcome their challenges and improve their lives. In addition, they provide emergency housing services in certain areas, offering HIV testing and drug abuse counseling.
Official website here: www.urbanrenewal.org
Who is the CEO of Urban Renewal Corp?
Lance Jacobs is the CEO of Urban Renewal Corp The CEO's salary of Urban Renewal Corp is $130,000 and their total compensation is $130,000.
Official website here: www.urbanrenewal.org
What is the revenue of Urban Renewal Corp?
Urban Renewal Corp's revenue in 2023 was $1,792,392.
Official website here: www.urbanrenewal.org
Who are the executives of Urban Renewal Corp and what are their salaries?
The average compensation at Urban Renewal Corp during 2023 was $2,281. There are 57 employees at Urban Renewal Corp.
Here are 5 key members and their salaries (Urban Renewal Corp's CEO's salary is $130,000 and their total compensation is $130,000):
- Compensation: $130,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.urbanrenewal.org
Where can I find the form 990 for Urban Renewal Corp?
Urban Renewal Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.urbanrenewal.org
Learn more at the official website: www.urbanrenewal.org
Mission Statement of Urban Renewal Corp
Urban Renewal Corp, as a nonprofit organization, is dedicated to providing training, counseling, education, and temporary housing for various vulnerable populations. Specifically, their mission targets welfare recipients, individuals released from prison, homeless individuals, and those affected by AIDS. By offering these services, Urban Renewal Corp aims to empower and support these individuals in their respective journeys towards recovery and self-sufficiency.
One of the key aspects of Urban Renewal Corp's mission is emergency housing services. In the Newark, NJ area, the organization provides temporary shelter for the homeless. Furthermore, they offer HIV testing and counseling on drug abuse, demonstrating their commitment to addressing the complex needs of the community they serve. By providing a safe space and valuable resources, Urban Renewal Corp strives to help individuals in need regain their footing and build a better future for themselves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Urban Renewal Corp plays a critical role in addressing pressing social issues in Newark, NJ. By providing training, counseling, and education, it empowers individuals facing significant challenges, including welfare recipients, ex-prisoners, homeless individuals, and those affected by AIDS.
The organization also offers emergency housing services, which are essential for sheltering the homeless population in the area. Through its comprehensive support programs, Urban Renewal Corp not only addresses immediate needs but also helps individuals build skills for better employment opportunities.
The impact of Urban Renewal Corp extends beyond immediate assistance; it works towards long-term solutions that foster self-sufficiency and improve overall community health by offering vital resources such as HIV testing and drug abuse counseling. This integrated approach not only supports individuals but also contributes to the revitalization of the community by reducing homelessness and enhancing public welfare.
This information is meant to be a general summary of Urban Renewal Corp. 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 2023.
- Investment Income: -$227,288
- Program Service Revenue: $1,307,651
- Gross Receipts: $1,792,392
Assets and Liabilities:
- Total Assets: $1,452,201
- Total Liabilities: $741,023
- Net Assets: $711,178
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMERGENCY HOUSING
Revenue
$728,000
COMPUTER TRAINING ETC
Revenue
$32,885
SERVICE INCOME
Revenue
$546,766
Organization Details
Founding Year
1994
Principal Officer
Lane Harlan Jacobs
Website
www.urbanrenewal.orgNTEE Category
Code: J20 - Employment
If you are a representative of Urban Renewal Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.