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Nonprofiteer
← URBAN RESTORATION ENHANCEMENT CORPORATION

Form 990 for tax year 2024

Filed by URBAN RESTORATION ENHANCEMENT CORPORATION.

Totals

Total revenue
$3,551,606
Total expenses
$3,006,280
Contributions and grants received
$1,326,952
Grants paid
$0
Program service revenue
$1,096,867
Investment income
$8,443
Other revenue
$1,119,344
Total assets, end of year
$9,554,498
Total liabilities, end of year
$7,091,508
Net assets or fund balances, end of year
$2,462,990
Program services expenses (Part IX)
$2,573,719
Management and general expenses
$432,561
Fundraising expenses
$0
Program service expenses (Part III)
$2,573,719

Program services were 85.6% 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.

  • 1e · Government grants (contributions)

    $978,283

  • 1f · All other contributions, gifts and grants

    $348,669

  • 2a · Program service revenue: COMMUNITY APARTMENTS

    total $357,279 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SALE OF HOUSING UNITS

    total $739,588 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $8,443 · unrelated business $0 · excluded $0

  • 11a · Other revenue: OTHER REVENUE

    total $3,447 · related or exempt $3,447 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $1,115,897 · related or exempt $1,115,897 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,119,344

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $118,361 · program services $47,344 · management and general $71,017 · fundraising $0

  • 7 · Other salaries and wages

    total $402,848 · program services $297,336 · management and general $105,512 · fundraising $0

  • 9 · Other employee benefits

    total $78,502 · program services $0 · management and general $78,502 · fundraising $0

  • 10 · Payroll taxes

    total $40,322 · program services $27,200 · management and general $13,122 · fundraising $0

  • 12 · Advertising and promotion

    total $2,110 · program services $2,108 · management and general $2 · fundraising $0

  • 16 · Occupancy

    total $105,107 · program services $65,930 · management and general $39,177 · fundraising $0

  • 17 · Travel

    total $7,383 · program services $7,383 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $13,551 · program services $6,937 · management and general $6,614 · fundraising $0

  • 20 · Interest

    total $130,216 · program services $128,410 · management and general $1,806 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $174,498 · program services $174,498 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $36,703 · program services $31,812 · management and general $4,891 · fundraising $0

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $43,059 · program services $43,014 · management and general $45 · fundraising $0

  • 24b · Other expenses: OTHER

    total $628 · program services $88 · management and general $540 · fundraising $0

  • 24c · Other expenses: PROGRAM SERVICES

    total $94,608 · program services $94,608 · management and general $0 · fundraising $0

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $9,174 · program services $955 · management and general $8,219 · fundraising $0

  • 24e · All other expenses

    total $1,749,210 · program services $1,646,096 · management and general $103,114 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,500 · end of year $624,137

  • 2 · Savings and temporary cash investments

    beginning of year $1,031,161 · end of year $995,452

  • 3 · Pledges and grants receivable

    beginning of year $297,464 · end of year $218,539

  • 4 · Accounts receivable

    beginning of year $9,560 · end of year $20,669

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,244 · end of year $1,255

  • 10a · Land, buildings and equipment: cost or other basis

    $8,157,777

  • 10b · Land, buildings and equipment: accumulated depreciation

    $600,596

  • 10c · Land, buildings and equipment, net

    beginning of year $8,164,532 · end of year $7,557,181

  • 15 · Other assets

    beginning of year $122,811 · end of year $137,265

  • 17 · Accounts payable and accrued expenses

    beginning of year $363,640 · end of year $143,766

  • 23 · Secured mortgages and notes payable

    beginning of year $7,377,873 · end of year $6,858,469

  • 25 · Other liabilities

    beginning of year $179,095 · end of year $89,273

  • 27 · Net assets without donor restrictions

    beginning of year $1,877,664 · end of year $1,943,462

  • 28 · Net assets with donor restrictions

    beginning of year $40,000 · end of year $519,528

Mission and programs · 2024

Mission

URBAN RESTORATION ENHANCEMENT CORPORATION (UREC) TRANSFORMS COMMUNITIES BY INVESTING IN PEOPE AND RESTORING NEIGHBORHOODS. OUR CORE INITIATIVES ARE IN THE AREAS OF AFFORDABLE HOUSING, HUMAN DEVELOPMENT, AND COMMUNITY ENGAGEMENT.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING, SMALL BUSINESS TRAINING AND YOUTH DEVELOPMENT OPPORTUNITIES TO IMPROVE NEIGHBORHOODS ACROSS BATON ROUGE AND THE SURROUNDING REGION.

  • UREC CREATES QUALITY AND AFFORDABLE OWNERSHIP AND RENTING OPPORTUNITIES FOR BATON ROUGE FAMILIES. CURRENTLY UREC OPERATES THREE COMMUNITY DEVELOPMENT PROJECTS. URBAN GARDENS SR VILLAGE - COMPRISED OF MULTI-FAMILY HOMES THAT PROVIDE AFFORDABLE RENTAL HOUSING TO GRANDPARENTS RAISING GRAND CHILDREN AND OLDER ADULTS. SATINWOOD - OFFERS 8 NEW, QUALITY AFFORDABLE HOUSING OPTIONS. FOSTER OAKS - OFFERS 14 NEW AFFORDABLE MULTI FAMILY RENTAL HOMES.

    Expenses $541,977

  • UREC OPERATES MULTIPLE YOUTH DEVELOPMENT PROGRAMS TO ASSIST STUDENTS . OUR YOUTH PROGRAMS PROVIDES AFTERSCHOOL AND SUMMER ENRICHMENT PROGRAMS SERVING STUDENTS IN THE BATON ROUGE AREA. OUR COLLEGE AND CAREER READY INITIATIVES PROVIDE HIGH SCHOOL STUDENTS WITH TOOLS TO PLAN FOR A SUCCESSFUL TRANSITION AFTER THEY GRADUATE.

    Expenses $121,091

  • UREC ACQUIRES AND REHABILITATES HOMES IN DISTRESSED HIGH POVERTY NEIGHBORHOODS. THESE HOMES ARE REHABILITATED TO PROVIE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES LIVING IN BATON ROUGE.

    Expenses $1,752,597

  • UREC OPERATED AS A FACILITATOR FOR COVID RELIEF. THE RENTAL ASSISTANCE PROGRAM PROCESSED THROUGH THE CIY OF BATON ROUGE.

    Expenses $158,054

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

Listed in Part VII

  • MORISE DUFFIN

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KENYETTA NELSON-SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • LINDA CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL JOHNSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ANITA BYRNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARL DILLON JR

    EXECUTIVE DIRECTOR

    Total calculated
    $118,361
    From this org
    $118,361
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,361
    Bonus
    $0
    Other
    $0
    Deferred
    $7,102
    Nontaxable benefits
    $4,568
    Filer's total
    $130,031

  • GEARRY WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.2
Source object
202601279349300240

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