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Urban Homeworks Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411821520 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Urban Homeworks Inc?

Urban Homeworks Inc is a Minneapolis, Minnesota-based nonprofit organization with a focus on real estate development, specifically the acquisition and improvement of housing in distressed areas of the Twin Cities. Since 1995, they have constructed, rehabilitated, and managed scattered, multi-unit, and single-family housing. Their approach to rehabilitation maximizes economic and social benefits for the communities they serve, while also fostering job opportunities for local, minority, female, and Section 3 subcontractors and trainees. Urban Homeworks Inc aims to perpetuate the hope of Jesus Christ through innovative community development, committing to revitalize neighborhoods by investing in affordable housing and creating local economic opportunities.


Official website here: www.urbanhomeworks.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)

Urban Homeworks Inc has received a Three-Star rating from Charity Navigator, highlighting its considerable strengths in accountability and finance. The organization showcases a strong commitment to transparency and governance, with an independent board and no material diversion of assets. Its program expense ratio is notably high at 79.15%, indicating that a substantial portion of its funds are directed towards its programs, while its fundraising efficiency is also commendable.

User feedback presents a mixed perspective. Many volunteers and donors praise Urban Homeworks for its innovative approach to community development and the significant positive impact it has on local neighborhoods. Reviewers express admiration for the dedication of the staff and the effectiveness of their programs in providing dignified housing and community support. However, some clients have reported negative experiences, specifically citing issues related to management and perceived retaliation, which raises concerns about the organization's operational practices.

Overall, while Urban Homeworks is recognized for its strong financial health and positive community involvement, it must address the concerns raised by some clients to enhance its reputation and ensure that all community members feel supported and valued.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Urban Homeworks Inc legitimate?

Urban Homeworks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Homeworks Inc 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: $130,820
Professional Fundraising Fees: $0
Other Salaries and Wages: $724,079

For more financial information, click here


Official website here: www.urbanhomeworks.org

What is the mission statement of Urban Homeworks Inc?

Urban Homeworks Inc's mission is centered around perpetuating hope through innovative community development. This organization achieves this by focusing on real estate development, specifically in the acquisition, construction, and management of housing in distressed areas. They have a unique approach towards smaller, multi-unit rental properties, aiming to build healthy neighborhoods with multiple access points in the housing ecosystem.

Urban Homeworks' rehabilitation model leverages their housing development and construction process to maximize economic and social benefits for the communities they serve. They also reclaim abandoned or foreclosed properties as a cost-effective approach to increasing the housing supply. Their investments in affordable housing are directly tied to efforts to trigger both a housing and economic recovery, achieved through partnerships, job creation, and local hiring opportunities.


Official website here: www.urbanhomeworks.org

Who is the CEO of Urban Homeworks Inc?

Cassie Young is the Co-Chair of Urban Homeworks Inc.


Official website here: www.urbanhomeworks.org

What is the revenue of Urban Homeworks Inc?

Urban Homeworks Inc's revenue in 2022 was $3,791,978.


Official website here: www.urbanhomeworks.org

Who are the executives of Urban Homeworks Inc and what are their salaries?

The average compensation at Urban Homeworks Inc during 2022 was $47,494. There are 18 employees and 400 volunteers at Urban Homeworks Inc.


Here are 9 key members and their salaries:


Danyika Leonard (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsey Hunter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Jim Bear Jacobs (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ravie Singh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Schafer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sadaqah Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claudia Oxley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiffany Dykes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cassie Young (Executive Director)
  • Compensation: $125,100
  • Related: $0
  • Other: $5,720


Official website here: www.urbanhomeworks.org

Where can I find the form 990 for Urban Homeworks Inc?

Urban Homeworks Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.urbanhomeworks.org

Learn more at the official website: www.urbanhomeworks.org

Mission Statement of Urban Homeworks Inc

Urban Homeworks Inc, a community development organization, is dedicated to perpetuating the hope of Jesus Christ in innovative ways. Their mission is centered around this ideology, aiming to contribute to community development through unique approaches.

Specifically, Urban Homeworks Inc focuses on real estate development, primarily in the areas of Minneapolis and St. Paul. They have a distinctive approach in constructing, rehabilitating, and managing smaller, multi-unit rental properties. This strategy is designed to foster healthy neighborhoods, leveraging multiple access points in the housing ecosystem.

In the realm of housing rehabilitation, Urban Homeworks Inc employs a cost-effective approach by reclaiming abandoned or foreclosed properties. This method not only increases the housing supply in the Twin Cities but also directly ties their affordable housing investments to efforts towards a housing and economic recovery. Through partnerships and job creation, their model aims to expand economic opportunities and enhance the economic impact of their work in the served communities. This is achieved by localizing hiring, utilizing underutilized local resources, and fostering job connections and job creation. By doing so, the dollars invested in housing development remain within the intended benefiting community, amplifying the impact of their housing development investment.

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Impact




July, 2024

Urban Homeworks Inc's impact can be seen in their innovative community development efforts in distressed areas of Minneapolis and St. Paul. By focusing on smaller, multi-unit rental properties, they are building healthy neighborhoods through various access points in the housing ecosystem. Their model of rehabilitating housing not only adds much-needed housing units but also maximizes economic and social benefits for the communities they serve.

Urban Homeworks Inc's unique approach of reclaiming abandoned/foreclosed properties is cost-effective and helps increase the housing supply in the Twin Cities. Through partnerships and job creation, they are triggering both a housing and economic recovery. By collaborating with local, minority, female, and Section 3 subcontractors and trainees, they are expanding economic opportunities and ensuring that dollars invested in housing remain in the community.

Overall, Urban Homeworks Inc's impact goes beyond just providing housing; they are actively working to improve and revitalize communities, create job opportunities, and perpetuate hope through their innovative approach to community development.




This information is meant to be a general summary of Urban Homeworks Inc. 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.

Revenue
$3,791,978 (2022)
Expenses
$4,154,428 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$120,427
  • Program Service Revenue: $1,572,754
  • Gross Receipts: $4,187,405

Assets and Liabilities:

  • Total Assets: $14,312,372
  • Total Liabilities: $8,425,675
  • Net Assets: $5,886,697

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,455,430

PROGRAM REVENUE

Revenue

$118,756

INTEREST INCOME ON LOANS

Revenue

$20,460

EQUITY EARNINGS IN NORTHSIDE HOME

Revenue

-$21,892

Organization Details

Founding Year

1995

Principal Officer

Cassie Young

Main Address

927 WEST BROADWAY 301, MINNEAPOLIS, MN, 55411

NTEE Category

Code: S217 - Community improvement

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