Overview
What is City Urban Revitalization Corporation?
The City Urban Revitalization Corporation, based in Cathedral City, California, serves as a nonprofit organization dedicated to assisting the city in revitalizing its downtown area. Their primary mission involves developing an entertainment and hospitality district within the downtown redevelopment zone, providing the necessary amenities, and carrying out any additional activities that contribute to this objective. The corporation's activities directly support the City of Cathedral City by rejuvenating the downtown region, thereby potentially boosting local economy and enhancing the overall urban landscape. The organization employs a team of six individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
City Urban Revitalization Corporation has received a "Needs Improvement" rating from Charity Navigator, indicating that while the organization shows strong accountability and finance practices, there are areas where it may not be meeting higher expectations. The organization scored a notable 100% in the Accountability & Finance category, demonstrating effective governance and management practices, including a fully independent board and comprehensive documentation of board meeting minutes.
The organization excels in financial metrics, with an impressive program expense ratio of 98.73%, suggesting a strong commitment to directing funds towards its programs rather than administrative costs. The liabilities to assets ratio of 0.16% reflects a healthy financial structure, indicating low levels of debt relative to its assets. However, the overall two-star rating suggests that there may be shortcomings in other key areas that could be addressed to improve its standing.
While City Urban Revitalization Corporation shows strong governance and financial health, the "Needs Improvement" rating highlights potential challenges in achieving higher performance metrics or impact outcomes. Stakeholders may want to monitor the organization’s efforts to enhance its efficacy and transparency in the future.
This AI summary has been generated from information found on Charity Navigator.
Is City Urban Revitalization Corporation legitimate?
City Urban Revitalization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Urban Revitalization 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,931
For more financial information, click here
What is the mission statement of City Urban Revitalization Corporation?
The City Urban Revitalization Corporation's mission is centered around assisting in the revitalization of a downtown area. They achieve this by developing an entertainment and hospitality district, providing the necessary amenities, and undertaking any ancillary activities that further this objective. Their role is to support and facilitate the transformation of the downtown region, aiming to enhance its appeal and vitality. The corporation may also provide financial assistance, such as reimbursing costs for contract services, to aid in this revitalization process.
Who is the CEO of City Urban Revitalization Corporation?
Kevin Biersack is the Executive Director of City Urban Revitalization Corporation.
What is the revenue of City Urban Revitalization Corporation?
City Urban Revitalization Corporation's revenue in 2023 was -$5,593,660.
Who are the executives of City Urban Revitalization Corporation and what are their salaries?
The average compensation at City Urban Revitalization Corporation during 2023 was $14,822. There are 6 employees at City Urban Revitalization Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $283,844
- Other: $30,670
- Compensation: $0
- Related: $247,838
- Other: $34,357
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for City Urban Revitalization Corporation?
City Urban Revitalization Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of City Urban Revitalization Corporation
The City Urban Revitalization Corporation is dedicated to assisting in the transformation of a city's downtown area. Their primary objective is to develop an entertainment and hospitality district within the designated redevelopment zone. This involves the creation of amenities that cater to this district, thereby enhancing its appeal. In addition to these key activities, the corporation also engages in any ancillary tasks that further advance these initiatives. In essence, their mission is to revitalize the downtown region of a city by establishing an attractive entertainment and hospitality district, supplying the necessary amenities, and undertaking any related activities to achieve these goals.
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
City Urban Revitalization Corporation has significantly impacted Cathedral City's downtown area through targeted revitalization efforts. By focusing on developing an entertainment and hospitality district, the organization has catalyzed economic growth and community engagement in the region. This initiative enhances local business opportunities and creates a vibrant atmosphere that attracts both residents and visitors.
The corporation ensures that the necessary amenities accompany the entertainment district, thus fostering a comprehensive environment conducive to community interaction and leisure. Their commitment to support and maintain these developments further underscores their dedication to creating a thriving urban landscape.
In addition to these developments, the organization also plays a supportive role by reimbursing the city for costs associated with contract services, ensuring that revitalization efforts are sustainable and effectively managed. Overall, the contributions of City Urban Revitalization Corporation are pivotal in transforming Cathedral City’s downtown into a lively, appealing destination that promotes community improvement and economic vitality.
This information is meant to be a general summary of City Urban Revitalization 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 2023.
- Investment Income: -$5,941,911
- Gross Receipts: $2,064,011
Assets and Liabilities:
- Total Assets: $18,358,608
- Total Liabilities: $30,000
- Net Assets: $18,328,608
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2001
Phone
(760) 770-0378Principal Officer
Kevin Biersack
Main Address
68-700 Avenida Lalo Guerrero, Cathedral City, CA, 92234
NTEE Category
Code: S300 - Community improvement
If you are a representative of City Urban Revitalization Corporation 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.