← URBAN ACTION PARTNERS INC FKA NEIGHBORHOOD WORKS INC

Form 990 for tax year 2024

Filed by URBAN ACTION PARTNERS INC FKA NEIGHBORHOOD WORKS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 4 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $353,877 changed to $1,341
Total expenses: $1,039,429 changed to $58,477
Grants paid: $791,576 changed to $25,700
Investment income: $353,877 changed to $1,341
Total assets, end of year: $428,764 changed to $0
Net assets or fund balances, end of year: $428,764 changed to $0
Program services expenses: $979,034 changed to $37,246
Management and general expenses: $60,395 changed to $21,231
Program service expenses (Part III): $979,034 changed to $37,246

Listed only on the earlier return

W TERRENCE BROWN

Listed under a different title

JOSEPH HIERSTEINER: SECRETARY/DIRECTOR then PRESIDENT/DIRECTOR

Totals

Total revenue: $353,877
Total expenses: $1,039,429
Contributions and grants received: $0
Grants paid: $791,576
Program service revenue: $0
Investment income: $353,877
Other revenue: $0
Total assets, end of year: $428,764
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $428,764
Program services expenses (Part IX): $979,034
Management and general expenses: $60,395
Fundraising expenses: $0
Program service expenses (Part III): $979,034

Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

3 · Investment income

total $141,324 · excluded $141,324
7a · Gross sales of assets other than inventory

securities $2,822,824
7b · Less cost or other basis and sales expenses

securities $2,610,271
7c · Gain or loss

securities $212,553
7d · Net gain or loss

total $212,553 · excluded $212,553

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $791,576 · program services $791,576
5 · Compensation of officers, directors and key employees

total $131,792 · program services $131,792
10 · Payroll taxes

total $29,295 · program services $29,295
11b · Fees: legal

total $3,505 · management and general $3,505
11c · Fees: accounting

total $16,201 · management and general $16,201
14 · Information technology

total $2,231 · program services $2,231
20 · Interest

total $39,005 · management and general $39,005
23 · Insurance

total $1,684 · management and general $1,684
24a · Other expenses: TAXES AND LICENSES

total $16,465 · program services $16,465
24b · Other expenses: MISCELLANEOUS

total $7,000 · program services $7,000
24c · Other expenses: POSTAGE AND SHIPPING

total $386 · program services $386
24d · Other expenses: WEBSITE

total $289 · program services $289

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $262,782 · end of year $139,157
12 · Investments: other securities

beginning of year $6,512,282 · end of year $289,607
17 · Accounts payable and accrued expenses

beginning of year $1,097 · end of year $0
27 · Net assets without donor restrictions

beginning of year $6,773,967 · end of year $428,764

Mission and programs · 2024

Mission

URBAN ACTION PARTNERS, INC. WAS FORMED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW-INCOME SENIORS, PROVIDING FINANCING FOR REHABILITATION OF URBAN CORE HOUSING, PROVIDING TEMPORARY FINANCING FOR NON-PROFITS SERVING THE URBAN CORE AND OTHER SERVICES TO NON-PROFITS AND URBAN CORE NEIGHBORHOODS.

URBAN ACTION PARTNERS, INC. WAS FORMED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW-INCOME SENIORS, PROVIDING FINANCING FOR REHABILITATION OF URBAN CORE HOUSING, PROVIDING TEMPORARY FINANCING FOR NON-PROFITS SERVING THE URBAN CORE AND OTHER SERVICES TO NON-PROFITS AND URBAN CORE NEIGHBORHOODS.

Expenses $979,034 · Grants $791,576

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

JOSEPH HIERSTEINER

SECRETARY/DIRECTOR

Total calculated

$0

Hours/week

1
MORRIS J NUNN

VICE-PRESIDENT/DIRECTOR

Total calculated

$0

Hours/week

1
THOMAS EATMAN

VICE-PRESIDENT/DIRECTOR

Total calculated

$0

Hours/week

1
W TERRENCE BROWN

PRESIDENT/DIRECTOR

Total calculated

$131,792

From this org

$131,792

From related orgs

$0

Other

$0

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE

$144,304

THE UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE, INC. SUPPORTS THERESEARCH ACTIVITIES OF THE UNIVERSITY OF KANSAS MEDICAL CENTER.
WEB DUBOIS LEARNING CENTER

$100,000

TO HELP PROVIDE FREE TUTORIAL SERVICES TO LOCAL RESIDENTS IN MATH, READING, AND SCIENCE.
WEDEVELOPMENT FEDERAL CREDIT UNION

$50,000

TO SUPPORT THE ORGANIZATION'S EFFORTS IN CREATING A CREDIT UNION TO SERVE AN UNDER-SERVED AREA OF THE URBAN CORE IN KANSAS CITY, MO.

Provenance

Return type: form_990
Tax year: 2024
Filed: 23 July 2025
IRS schema version: 2024v5.2
Source object: 202522139349301422

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