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Nonprofiteer
← THE UWM REAL ESTATE FOUNDATION INC

Form 990 for tax year 2023

Filed by THE UWM REAL ESTATE FOUNDATION INC.

Totals

Total revenue
$6,992,790
Total expenses
$6,694,929
Contributions and grants received
$134,168
Grants paid
$85,030
Program service revenue
$5,509,068
Investment income
$1,023,424
Other revenue
$326,130
Total assets, end of year
$61,411,375
Total liabilities, end of year
$74,506,741
Net assets or fund balances, end of year
-$13,095,366
Program services expenses (Part IX)
$6,403,380
Management and general expenses
$291,549
Fundraising expenses
$0
Program service expenses (Part III)
$6,403,380

Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID GILBERT

    PRESIDENT, EX-OFFICIO

    Total calculated
    $364,911
    From this org
    $0
    From related orgs
    $304,491
    Other
    $60,420
    Hours/week
    26 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,491 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $23,406 related
    Nontaxable benefits
    $0 + $37,014 related
    Filer's total
    $0 + $364,911 related

  • BRUCE BLOCK

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR SMITH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID LUBAR

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JAMES BARRY III

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MIKE ORGEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CURTIS STANG

    CHIEF OPERATING OFFICER

    Total calculated
    $210,692
    From this org
    $0
    From related orgs
    $174,354
    Other
    $36,338
    Hours/week
    15 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,774 related
    Bonus
    $0 + $10,580 related
    Other
    $0
    Deferred
    $0 + $13,208 related
    Nontaxable benefits
    $0 + $23,130 related
    Filer's total
    $0 + $210,692 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE TOP MANAGEMENT OFFICIAL IS COMPENSATED BY THE UWM FOUNDATION, INC., A RELATED ORGANIZATION OF THE UWM REAL ESTATE FOUNDATION, INC. THE EXECUTIVE COMMITTEE OF THE UWM FOUNDATION, INC. IS RESPONSIBLE FOR OVERSEEING THE COMPENSATION OF THE TOP MANAGEMENT OFFICIALS USING COMPARABLE CONTEMPORANEOUS DATA.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UWM INNOVATION PARK LLC

    DEVELOP INNOVATION PARK · WI · income $922,444 · assets $7,492,294

    Directly controlled by THE UWM REAL ESTATE FOUNDATION INC

  • CAMBRIDGE COMMONS LLC

    MANAGE CAMBRIDGE COMMONS AND RIVERVIEW DORMS · WI · income $5,960,439 · assets $53,425,954

    Directly controlled by THE UWM REAL ESTATE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202531289349302528

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