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← URBAN ACTION PARTNERS INC FKA NEIGHBORHOOD WORKS INC

Form 990 for tax year 2023

Filed by URBAN ACTION PARTNERS INC FKA NEIGHBORHOOD WORKS INC.

Totals

Total revenue
$102,982
Total expenses
$403,986
Contributions and grants received
$0
Grants paid
$261,675
Program service revenue
$0
Investment income
$102,735
Other revenue
$247
Total assets, end of year
$6,775,064
Total liabilities, end of year
$1,097
Net assets or fund balances, end of year
$6,773,967
Program services expenses (Part IX)
$380,197
Management and general expenses
$23,789
Fundraising expenses
$0
Program service expenses (Part III)
$380,197

Program services were 94.1% 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 $115,513 · excluded $115,513

  • 7a · Gross sales of assets other than inventory

    securities $1,475,295

  • 7b · Less cost or other basis and sales expenses

    securities $1,488,073

  • 7c · Gain or loss

    securities -$12,778

  • 7d · Net gain or loss

    total -$12,778 · excluded -$12,778

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $247 · related or exempt $247

  • 11e · Other revenue, total

    $247

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $261,675 · program services $261,675

  • 5 · Compensation of officers, directors and key employees

    total $108,000 · program services $108,000

  • 10 · Payroll taxes

    total $9,022 · program services $9,022

  • 11b · Fees: legal

    total $3,303 · management and general $3,303

  • 11c · Fees: accounting

    total $18,790 · management and general $18,790

  • 13 · Office expenses

    total $40 · program services $40

  • 14 · Information technology

    total $328 · program services $328

  • 23 · Insurance

    total $1,694 · management and general $1,694

  • 24a · Other expenses: POSTAGE & SHIPPING

    total $514 · program services $514

  • 24b · Other expenses: WEBSITE

    total $289 · program services $289

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $177 · program services $177

  • 24d · Other expenses: BUSINESS MEALS

    total $152 · program services $152

  • 24e · All other expenses

    total $2 · management and general $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $383,937 · end of year $262,782

  • 12 · Investments: other securities

    beginning of year $5,824,544 · end of year $6,512,282

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,514 · end of year $1,097

  • 27 · Net assets without donor restrictions

    beginning of year $6,205,967 · end of year $6,773,967

Mission and programs · 2023

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 $380,197 · Grants $261,675 · Revenue $247

As filed on the 2023 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

  • UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE

    $105,925

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

  • WEB DUBOIS LEARNING CENTER

    $90,000

    TO HELP PROVIDE FREE TUTORIAL SERVICES TO LOCAL RESIDENTS IN MATH, READING, AND SCIENCE.

  • WEDEVELOPMENT FEDERAL CREDIT UNION

    $43,750

    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
2023
Filed
30 May 2024
IRS schema version
2023v5.0
Source object
202431839349301313

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