Overview
What is Urban Juncture Foundation?
The Urban Juncture Foundation is a nonprofit organization situated in Chicago, Illinois, with a primary focus on fostering sustainable development in economically challenged urban neighborhoods. They accomplish this mission by bringing together local entrepreneurs from the culinary, cultural, and conservation sectors, providing them with resources and support to grow their businesses. One of their notable initiatives is Boxville, Chicago's first street container mall and street food market, which contributes to the local economy. Additionally, the foundation revitalizes historical spaces such as Forum Hall to serve as a platform for community-based enterprises. Urban Juncture Foundation also promotes neighborhood agriculture, beautification, and outreach activities, aiming to create a shared vision and team for neighborhood revitalization. Lastly, they manage the real estate of Bronzeville Cookin', offering job opportunities, quality goods and services, and unique events to attract visitors, thereby contributing to the stability and well-being of the community. The foundation currently employs a team of 8 individuals.
Official website here: www.urbanjuncture.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 74%, Two-Star out of Four Star rating
The Urban Juncture Foundation has received a rating of "Needs Improvement" from Charity Navigator, with a score of 74%. While it excels in accountability and finance, achieving a perfect score of 100% in several categories such as independent board members and financial oversight, there are significant concerns regarding governance practices. The foundation's lack of key policies, including conflict of interest and whistleblower policies, has contributed to its overall rating.
Despite these governance limitations, the foundation demonstrates strong financial health with a program expense ratio of 87.92%, indicating that a large portion of its budget is directed towards its programs. This is a positive sign for donors looking to support effective charitable initiatives. However, the liabilities to assets ratio of 63.53% suggests that the foundation may have a substantial amount of debt relative to its assets.
Overall, while the Urban Juncture Foundation showcases strengths in financial management and programmatic focus, it needs to improve its governance policies and transparency to enhance its credibility and effectiveness as a nonprofit organization. Addressing these issues could lead to a better rating in the future and increased donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Urban Juncture Foundation legitimate?
Urban Juncture Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Juncture Foundation 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: $304,855
For more financial information, click here
Official website here: www.urbanjuncture.org
What is the mission statement of Urban Juncture Foundation?
The Urban Juncture Foundation's mission is centered around promoting sustainable development in economically challenged urban neighborhoods. It achieves this by providing job opportunities to its residents, offering quality goods and services to attract new residents, and organizing unique events and attractions to draw visitors. The foundation also supports local entrepreneurs in the culinary, cultural, and conservation sectors through its incubator program. Furthermore, it manages real estate and revitalizes historic spaces like the Forum Hall for community-based enterprises. Additionally, the foundation engages in various community activities to foster a shared vision and team for neighborhood revitalization, and has initiatives like the Neighborhood Agriculture project to transform the area's appearance.
Official website here: www.urbanjuncture.org
Who is the CEO of Urban Juncture Foundation?
Bernard Loyd is the President of Urban Juncture Foundation.
Official website here: www.urbanjuncture.org
What is the revenue of Urban Juncture Foundation?
Urban Juncture Foundation's revenue in 2022 was $1,726,506.
Official website here: www.urbanjuncture.org
Who are the executives of Urban Juncture Foundation and what are their salaries?
The average compensation at Urban Juncture Foundation during 2022 was $38,107. There are 8 employees at Urban Juncture Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.urbanjuncture.org
Where can I find the form 990 for Urban Juncture Foundation?
Urban Juncture Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.urbanjuncture.org
Learn more at the official website: www.urbanjuncture.org
Mission Statement of Urban Juncture Foundation
The Urban Juncture Foundation, in its mission, aims to foster the sustainable development of economically challenged urban neighborhoods. To accomplish this, the organization provides job opportunities for its residents, offers quality goods and services to both existing and new residents, and attracts visitors with unique events and attractions. This multifaceted approach seeks to stabilize the community and improve the well-being of its inhabitants.
One of the ways Urban Juncture Foundation achieves its mission is by hosting an Incubator program. This initiative gathers local entrepreneurs in the culinary, cultural, and conservation sectors, providing them with resources and support to accelerate their business ventures. Another project under the foundation's umbrella is Boxville, Chicago's first street container mall and street food market. Additionally, the organization renovates the historic Forum Hall, transforming it into a platform for community-based enterprises, promoting the arts, music, dance, and theater that have shaped Black Chicago.
Furthermore, the foundation's Neighborhood Agriculture project, such as the Green-Line Farm, aims to transform the appearance and feel of the neighborhood. The Urban Juncture Foundation also engages in Neighborhood Outreach and Beautification, which includes a variety of community activities. These initiatives help to create a shared vision and foster a sense of unity among neighbors, aiming for a collaborative effort towards neighborhood revitalization. Lastly, the foundation manages the real estate of Bronzeville Cookin', ensuring the continued growth and development of the Urban Juncture Foundation's projects.
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Impact
October, 2024
Urban Juncture Foundation significantly impacts economically challenged urban neighborhoods by fostering sustainable development through various innovative initiatives. One of its primary initiatives is an incubator that unites local entrepreneurs in culinary, cultural, and conservation sectors, helping them accelerate the growth of their enterprises. This creates job opportunities for residents and enhances the local economy.
Boxville, Chicago's first street container mall and street food market, serves as a vibrant gathering space for community members and visitors alike, stimulating economic activity while showcasing local businesses. The revitalization of Forum Hall transforms a historic assembly space into a cultural hub, uplifting music, dance, theater, and other performance arts that reflect the richness of Black Chicago, thereby reinforcing cultural identity and community pride.
Furthermore, the Green-Line Farm initiative contributes to neighborhood agriculture, positively transforming the area’s aesthetics and encouraging sustainable practices. Through a variety of community outreach and beautification efforts, Urban Juncture Foundation develops a shared vision for revitalization, fostering collaboration among residents.
By managing properties like Bronzeville Cookin', the foundation not only maintains essential services but also enhances community stability. Its holistic approach aims to provide quality goods and services for existing residents and attract new ones, ultimately improving the overall well-being of the community and establishing a vibrant, inclusive environment.
This information is meant to be a general summary of Urban Juncture Foundation. 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.
- Investment Income: $3,675
- Gross Receipts: $1,726,506
Assets and Liabilities:
- Total Assets: $1,744,904
- Total Liabilities: $1,108,549
- Net Assets: $636,355
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Organization Details
Founding Year
2008
Phone
(773) 891-4159Principal Officer
Bernard Loyd
Main Address
300 E 51ST ST, CHICAGO, IL, 606153504
Website
www.urbanjuncture.orgNTEE Category
Code: S99 - Community improvement
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