Overview
What is Pittsburgh Urban Initiatives Llc?
Pittsburgh Urban Initiatives Llc is a nonprofit organization that serves as the general partner for various subsidiaries. These subsidiaries provide investment capital to qualified, active low-income community businesses, all of which are located within low-income communities in accordance with the New Markets Tax Credit Program. The primary mission of Pittsburgh Urban Initiatives Llc is to support and provide investment capital for low-income communities and individuals, aiming to enhance economic growth and opportunities in these areas. The organization is headquartered at 412 Boulevard of the Allies STE 90, Pittsburgh, PA, 15219.
Official website here: www.ura.org
Is Pittsburgh Urban Initiatives Llc legitimate?
Pittsburgh Urban Initiatives Llc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Pittsburgh Urban Initiatives Llc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ura.org
What is the mission statement of Pittsburgh Urban Initiatives Llc?
Pittsburgh Urban Initiatives LLC's mission is centered around serving and providing investment capital to low-income communities and individuals. In this role, they function as the general partner for various subsidiaries, each of which provides investment capital to qualified, active businesses situated in low-income communities. This is done in accordance with the New Markets Tax Credit Program. The company's activities aim to support and strengthen these communities, thereby contributing to their economic growth and development.
Official website here: www.ura.org
Who is the CEO of Pittsburgh Urban Initiatives Llc?
Rebecca Davidson-Wagner is the Vice Chairman And Secretary of Pittsburgh Urban Initiatives Llc.
Official website here: www.ura.org
What is the revenue of Pittsburgh Urban Initiatives Llc?
Pittsburgh Urban Initiatives Llc's revenue in 2022 was $1,496,335.
Official website here: www.ura.org
Who are the executives of Pittsburgh Urban Initiatives Llc and what are their salaries?
There 3 volunteers at Pittsburgh Urban Initiatives Llc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $155,969
- Other: $0
- Compensation: $0
- Related: $116,499
- Other: $0
- Compensation: $0
- Related: $41,972
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $101,336
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $124,337
- Other: $0
Official website here: www.ura.org
Where can I find the form 990 for Pittsburgh Urban Initiatives Llc?
Pittsburgh Urban Initiatives Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ura.org
Learn more at the official website: www.ura.org
Mission Statement of Pittsburgh Urban Initiatives Llc
Pittsburgh Urban Initiatives LLC is committed to serving and providing investment capital for low-income communities and individuals. As the general partner for various subsidiaries, the organization ensures that these entities offer investment capital to qualified, active low-income community businesses. This mission is in line with the New Markets Tax Credit Program, ensuring that all the businesses supported by Pittsburgh Urban Initiatives LLC are located in low-income communities. By providing investment capital, the nonprofit aims to foster economic growth and development in these communities, ultimately improving the livelihoods of low-income individuals.
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Impact
October, 2024
Pittsburgh Urban Initiatives LLC plays a crucial role in fostering economic development within low-income communities. By serving as the general partner for various subsidiaries, the organization channels investment capital to qualified low-income community businesses. This strategic approach not only enhances local entrepreneurship but also contributes to job creation and workforce development.
The focus on the New Markets Tax Credit Program emphasizes a commitment to revitalizing areas in need through targeted financial support. By providing the necessary resources to active businesses, Pittsburgh Urban Initiatives helps stimulate economic growth, improve housing conditions, and ultimately uplift the quality of life for residents in these communities.
Through its initiatives, the organization reinforces the importance of investing in low-income areas, paving the way for sustainable development and enhanced opportunities for low-income individuals and families.
This information is meant to be a general summary of Pittsburgh Urban Initiatives Llc. 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 2022.
- Program Service Revenue: $1,496,335
- Gross Receipts: $1,496,335
Assets and Liabilities:
- Total Assets: $3,903,113
- Total Liabilities: $84,200
- Net Assets: $3,818,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUB-ALLOCATION FEE
Revenue
$555,000
ASSET MANAGEMENT FEES
Revenue
$463,812
SUCCESS FEE
Revenue
$240,000
MISCELLANEOUS INCOME
Revenue
$237,382
FLOWTHROUGH INCOME
Revenue
$141
Organization Details
Founding Year
2010
Phone
(412) 255-6588Principal Officer
Rebecca Davidson-Wagner
Main Address
412 BOULEVARD OF THE ALLIES STE 90, PITTSBURGH, PA, 15219
Website
www.ura.orgNTEE Category
Code: L19 - Housing
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