Overview
What is Urban Renaissance Partners Inc?
Urban Renaissance Partners Inc, located in Memphis, Tennessee, is a dedicated nonprofit organization that focuses on urban revitalization. Their mission is to preserve affordability and developable lots in target areas, investing in properties for single family, multifamily, or commercial development. In 2022, they invested $5 million in property acquisitions, rehabilitation, and maintenance, aligning with their mission. Urban Renaissance Partners (URP) is committed to creating energy-efficient, safe, and affordable housing, and they employ a collaborative approach to tackle persistent social and economic issues in urban neighborhoods, utilizing whole block strategies.
What are the reviews and ratings of this charity?
Urban Renaissance Partners Inc has received a rating of 77% from Charity Navigator, which corresponds to a Three-Star out of Four Star rating. This score mainly reflects the organization's Accountability and Finance practices, signaling a reasonably responsible financial structure. However, it's worth noting that the historic ratings do not account for other factors such as Leadership & Adaptability or Impact & Measurement, which could provide a fuller understanding of the organization's effectiveness.
The organization boasts a strong program expense ratio of 88.09%, indicating a significant portion of resources is allocated toward programs rather than administrative costs. Additionally, it shows no material diversions of assets, which is a positive sign of financial integrity. However, there are some gaps in governance practices, such as missing policies related to conflicts of interest and whistleblowing, which could hinder overall transparency and accountability.
User reviews from GreatNonprofits were not available for this organization, limiting insights into the public perception and impact of Urban Renaissance Partners Inc. Nonetheless, the available financial assessment suggests that while there are areas for improvement, the organization operates with a focus on its core mission.
This AI summary has been generated from information found on Charity Navigator.
Is Urban Renaissance Partners Inc legitimate?
Urban Renaissance Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Renaissance Partners 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Urban Renaissance Partners Inc?
Urban Renaissance Partners Inc, in its mission, aims to revitalize urban neighborhoods by focusing on the development of energy-efficient, safe, and affordable housing. The organization also pursues holistic solutions to persistent social and economic distress. Urban Renaissance Partners operates collaboratively, employing targeted, whole-block strategies to achieve success in its initiatives. The company acquires real estate opportunistically with a goal of preserving affordability and developing suitable lots for single-family, multifamily, or commercial developments. In 2022, Urban Renaissance Partners invested $5 million in the acquisition, rehabilitation, and upkeep of properties, either rented or held for development, in line with its mission.
Who is the CEO of Urban Renaissance Partners Inc?
Archie Willis Iii is the President of Urban Renaissance Partners Inc.
What is the revenue of Urban Renaissance Partners Inc?
Urban Renaissance Partners Inc's revenue in 2022 was $7,350,980.
Who are the executives of Urban Renaissance Partners Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Urban Renaissance Partners Inc?
Urban Renaissance Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Urban Renaissance Partners Inc
Urban Renaissance Partners (URP) is committed to revitalizing urban neighborhoods by focusing on the development of energy-efficient, safe, and affordable housing. The organization adopts a holistic approach to address persistent social and economic distress, working collaboratively to achieve success through targeted, whole block strategies. URP's mission is to invest in real estate opportunities in target areas, with a goal of preserving affordability and developing properties for single-family, multifamily, or commercial use. In 2022, URP allocated $5 million towards the acquisition, rehabilitation, and maintenance of properties in line with its mission.
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Impact
July, 2024
Urban Renaissance Partners Inc, also known as URP, is making a significant impact by revitalizing urban neighborhoods in Memphis, Tennessee. Their focus on developing energy-efficient, safe, and affordable housing is addressing persistent social and economic distress in these communities. Through targeted, whole block strategies, URP is working diligently to acquire real estate in key areas, preserving affordability and developing properties for single-family, multifamily, or commercial use. In 2022 alone, URP invested $5 million in acquiring, rehabilitating, and maintaining properties to further their mission. By doing so, URP is not only improving the housing landscape but also fostering a more vibrant and sustainable urban environment for residents in Memphis.
This information is meant to be a general summary of Urban Renaissance Partners 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $137,632
- Gross Receipts: $7,350,980
Assets and Liabilities:
- Total Assets: $20,833,913
- Total Liabilities: $2,668,085
- Net Assets: $18,165,828
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Organization Details
Founding Year
2015
Phone
(901) 274-5666Principal Officer
Archie Willis Iii
Main Address
314 AW Willis Ave, Memphis, TN, 38105
NTEE Category
Code: L20 - Housing
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