Overview
What is Uptown Reinvestment Corporation?
Uptown Reinvestment Corporation is a nonprofit organization situated in Flint, Michigan, specifically at 503 S Saginaw Street 1500. Its primary mission is to stimulate economic growth, generate employment, and enhance development within the downtown Flint business district. To achieve this, they offer financial and technical assistance, procure private investment capital, and secure federal and state grants. Additionally, they revitalize underutilized commercial real estate, bringing together various downtown interests, including government, education, businesses, and charitable institutions in a comprehensive coalition. Uptown Reinvestment Corporation also supports existing businesses, encourages entrepreneurial development, and works on improving public infrastructure and aesthetics to make the downtown area more appealing for businesses, employment, and entertainment. Ultimately, their goal is to increase downtown residency and develop it into a vibrant hub for living, work, and entertainment.
Official website here: www.uptownreinvestment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Uptown Reinvestment Corporation has received a Three-Star rating from Charity Navigator, reflecting a score of 84% based solely on its Accountability & Finance metrics. This high score signifies strong fiscal responsibility and transparency in its operations, which is crucial for donor trust and organizational integrity.
The organization boasts a fully independent board, demonstrating effective governance with all 11 board members meeting independence criteria. Additionally, the financial oversight practices are commendable, including a 96.41% allocation of expenses toward programs, indicating a strong commitment to its mission and efficient resource management.
However, there are notable gaps, particularly in the absence of key policies such as conflict of interest and whistleblower protections. These missing elements may pose risks to organizational governance, suggesting a need for improvement in these areas to bolster accountability and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Uptown Reinvestment Corporation legitimate?
Uptown Reinvestment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Uptown Reinvestment 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: $1,084,169
For more financial information, click here
Official website here: www.uptownreinvestment.org
What is the mission statement of Uptown Reinvestment Corporation?
The Uptown Reinvestment Corporation's mission is centered around fostering economic growth, employment, and development in a business district. This is achieved by providing financial assistance, aiding in the acquisition of private investment capital, real property, and other incentives to businesses considering establishing new facilities or developments within the district. The organization also serves to unite various interests, including government, education, business, and charitable institutions, in a broad-based coalition.
Existing businesses are supported, and entrepreneurial business development is encouraged in the district. The corporation focuses on enhancing public infrastructure and improving aesthetics to make the area more appealing. Additionally, efforts are made to increase residential populations in the district, transforming it into a desirable location for businesses, employment, and entertainment.
Official website here: www.uptownreinvestment.org
Who is the CEO of Uptown Reinvestment Corporation?
Tim Herman is the President of Uptown Reinvestment Corporation.
Official website here: www.uptownreinvestment.org
What is the revenue of Uptown Reinvestment Corporation?
Uptown Reinvestment Corporation's revenue in 2022 was $3,251,972.
Official website here: www.uptownreinvestment.org
Who are the executives of Uptown Reinvestment Corporation and what are their salaries?
There 11 volunteers at Uptown Reinvestment Corporation.
Here are 11 key members and their salaries:
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Official website here: www.uptownreinvestment.org
Where can I find the form 990 for Uptown Reinvestment Corporation?
Uptown Reinvestment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uptownreinvestment.org
Learn more at the official website: www.uptownreinvestment.org
Mission Statement of Uptown Reinvestment Corporation
Uptown Reinvestment Corporation is an organization with a mission to foster economic growth, employment, and development in the downtown business district. To achieve this, the corporation offers financial assistance, assistance in obtaining private investment capital, real property, and other incentives to businesses considering locating new facilities or developments in the area. By bringing together all interests in the downtown area, including government, education, business, and charitable institutions, the corporation forms a broad-based coalition to support existing businesses and encourage entrepreneurial business development.
Moreover, Uptown Reinvestment Corporation works to enhance public infrastructure and improve aesthetics in the downtown district. This includes investing in the area's appearance and functionality to make it an attractive location for businesses, employment, and entertainment. The corporation also focuses on increasing downtown residency, aiming to develop the area into a vibrant and liveable space where people can work, live, and play. In this way, Uptown Reinvestment Corporation plays a key role in revitalizing and strengthening the downtown business district.
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Impact
July, 2024
Uptown Reinvestment Corporation's impact includes promoting economic growth, employment, and development in the downtown Flint business district. They achieve this by offering financial and technical assistance, procuring private investment capital and government grants, acquiring and revitalizing underutilized commercial real estate, and providing other incentives to businesses considering locating in the area. Additionally, the organization works to bring together various downtown interests, support existing businesses, encourage entrepreneurial development, enhance public infrastructure, improve aesthetics, increase downtown residency, and transform the downtown into an attractive hub for business, employment, and entertainment. Their efforts contribute to community improvement and revitalization in Flint, Michigan.
This information is meant to be a general summary of Uptown Reinvestment 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 2022.
- Investment Income: -$1,590,042
- Program Service Revenue: $149,594
- Gross Receipts: $3,418,767
Assets and Liabilities:
- Total Assets: $84,963,973
- Total Liabilities: $1,826,768
- Net Assets: $83,137,205
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICE REVENUE
Revenue
$83,698
DEVELOPER FEE
Revenue
$44,700
Organization Details
Founding Year
1999
Phone
(810) 238-5555Principal Officer
Tim Herman
Main Address
503 S SAGINAW STREET 1500, FLINT, MI, 48502
Website
www.uptownreinvestment.orgNTEE Category
Code: S40 - Community improvement
If you are a representative of Uptown Reinvestment 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.