Form 990 for tax year 2022
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This return was superseded by a later amendment.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 2022 , filed 15 January 2024. 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.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- -$456,301
- Total expenses
- $1,462,384
- Contributions and grants received
- $0
- Grants paid
- $1,309,710
- Program service revenue
- $0
- Investment income
- -$461,139
- Other revenue
- $4,838
- Total assets, end of year
- $6,208,481
- Total liabilities, end of year
- $2,514
- Net assets or fund balances, end of year
- $6,205,967
- Program services expenses (Part IX)
- $1,439,188
- Management and general expenses
- $23,196
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,439,188
Program services were 98.4% 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 $138,703 · excluded $138,703
-
7a · Gross sales of assets other than inventory
securities $6,299,195
-
7b · Less cost or other basis and sales expenses
securities $6,899,037
-
7c · Gain or loss
securities -$599,842
-
7d · Net gain or loss
total -$599,842 · excluded -$599,842
-
11a · Other revenue: MISCELLANEOUS INCOME
total $4,838 · related or exempt $4,838
-
11e · Other revenue, total
$4,838
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,309,710 · program services $1,309,710
-
5 · Compensation of officers, directors and key employees
total $108,000 · program services $108,000
-
10 · Payroll taxes
total $8,262 · program services $8,262
-
11b · Fees: legal
total $10,479 · management and general $10,479
-
11c · Fees: accounting
total $11,064 · management and general $11,064
-
13 · Office expenses
total $861 · program services $861
-
14 · Information technology
total $854 · program services $854
-
23 · Insurance
total $1,578 · management and general $1,578
-
24a · Other expenses: MISCELLANEOUS EXPENSE
total $10,000 · program services $10,000
-
24b · Other expenses: BOARD MEETING EXPENSES
total $1,147 · program services $1,147
-
24c · Other expenses: POSTAGE & SHIPPING
total $354 · program services $354
-
24d · Other expenses: BANK CHARGES
total $75 · program services $0 · management and general $75
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,277,732 · end of year $383,937
-
12 · Investments: other securities
beginning of year $7,088,892 · end of year $5,824,544
-
17 · Accounts payable and accrued expenses
beginning of year $3,062 · end of year $2,514
-
27 · Net assets without donor restrictions
beginning of year $9,363,562 · end of year $6,205,967
Mission and programs · 2022
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 $1,439,188 · Grants $1,309,710 · Revenue $4,838
As filed on the 2022 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
- $108,000
- From this org
- $108,000
- 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
-
WEDEVELOPMENT FEDERAL CREDIT UNION
$928,645
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.
-
THE UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE, INC. SUPPORTS THERESEARCH ACTIVITIES OF THE UNIVERSITY OF KANSAS MEDICAL CENTER.
-
$101,000
TO HELP PROVIDE FREE TUTORIAL SERVICES TO LOCAL RESIDENTS IN MATH, READING, AND SCIENCE.
-
GENERATING INCOME FOR TOMORROW
$57,782
TO SUPPORT THE ORGANIZATION'S EFFORTS TO CLOSE THE RACIAL WEALTH GAP, REDUCE POVERTY RELATED CRIME AND REVERSE THE EFFECTS OF SYSTEMATIC RACISM.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301989349301035
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