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Nonprofiteer
← PITTSBURGH URBAN INITIATIVES LLC

Form 990 for tax year 2022

Filed by PITTSBURGH URBAN INITIATIVES LLC.

Totals

Total revenue
$1,496,335
Total expenses
$1,207,256
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,496,335
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,903,113
Total liabilities, end of year
$84,200
Net assets or fund balances, end of year
$3,818,913
Program services expenses (Part IX)
$1,207,256
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,207,256

Program services were 100.0% 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.

  • 2a · Program service revenue: SUB-ALLOCATION FEE

    total $555,000 · related or exempt $555,000

  • 2b · Program service revenue: ASSET MANAGEMENT FEES

    total $463,812 · related or exempt $463,812

  • 2c · Program service revenue: SUCCESS FEE

    total $240,000 · related or exempt $240,000

  • 2d · Program service revenue: MISCELLANEOUS INCOME

    total $237,382 · related or exempt $237,382

  • 2e · Program service revenue: FLOWTHROUGH INCOME

    total $141 · related or exempt $141

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $354,521 · program services $354,521

  • 11b · Fees: legal

    total $153,664 · program services $153,664

  • 11c · Fees: accounting

    total $213,977 · program services $213,977

  • 11g · Fees: other

    total $468,800 · program services $468,800

  • 19 · Conferences, conventions and meetings

    total $2,489 · program services $2,489

  • 23 · Insurance

    total $5,674 · program services $5,674

  • 24a · Other expenses: OTHER EXPENSES

    total $8,131 · program services $8,131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,846,948 · end of year $1,992,534

  • 7 · Other notes and loans receivable

    beginning of year $950,000 · end of year $1,200,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $735,787 · end of year $576,266

  • 13 · Investments: program-related

    beginning of year $11,331 · end of year $11,751

  • 15 · Other assets

    beginning of year $185,768 · end of year $122,562

  • 17 · Accounts payable and accrued expenses

    end of year $4,200

  • 25 · Other liabilities

    beginning of year $200,000 · end of year $80,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,529,834 · end of year $3,818,913

Mission and programs · 2022

Mission

TO SERVE AND PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS.

  • THE COMPANY IS SERVING AS THE GENERAL PARTNER FOR VARIOUS SUBSIDIARIES, ALL OF WHOM PROVIDED INVESTMENT CAPITAL TO QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESSES. ALL OF THESE ENTITIES ARE LOCATED IN A LOW-INCOME COMMUNITY, PURSUANT TO THE NEW MARKETS TAX CREDIT PROGRAM.

    Expenses $1,207,256 · Revenue $1,496,335

As filed on the 2022 return.

Listed in Part VII

  • Greg Flisram

    VICE CHAIRMAN AND SECRETARY

    Total calculated
    $155,969
    From this org
    $0
    From related orgs
    $155,969
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,969 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $155,969 related

  • Tom Link

    CHAIRMAN

    Total calculated
    $116,499
    From this org
    $0
    From related orgs
    $116,499
    Other
    $0
    Hours/week
    1 + 40 related

  • Joe Karlovits

    TREASURER

    Total calculated
    $41,972
    From this org
    $0
    From related orgs
    $41,972
    Other
    $0
    Hours/week
    1 + 40 related

  • Malik G Bankston

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Lindsay Powell

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Ty Gourley

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Damara Carter

    TREASURER

    Total calculated
    $101,336
    From this org
    $0
    From related orgs
    $101,336
    Other
    $0
    Hours/week
    1 + 40 related

  • Kyle Chintalapalli

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Rebecca Davidson-Wagner

    PRESIDENT

    Total calculated
    $124,337
    From this org
    $0
    From related orgs
    $124,337
    Other
    $0
    Hours/week
    25 + 15 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

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.

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.

  • URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH

    COMPONENT UNIT OF CITY OF PITTSBURGH, ACQUIRES/CLEARS BLIGHTED PROPERTY · PA

    Directly controlled by CITY OF PITTSBURGH

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 9 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $6 · share of assets $530 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 11 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $46 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 12 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $3 · share of assets $5,254 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 13 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $15 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 14 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $18 · share of assets $579 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 15 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $15 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 16 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $2 · share of assets $487 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 17 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $2 · share of assets $195 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 18 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $5 · share of assets $687 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 19 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $22 · share of assets $785 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 21 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $4 · share of assets $118,188 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 22 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $8 · share of assets $394 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 23 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $13 · share of assets $718 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 24 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $3 · share of assets $586 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 27 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $5 · share of assets $296 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 28 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $3 · share of assets $693 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 30 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $5 · share of assets $848 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 31 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $1 · share of assets $399 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 32 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $3 · share of assets $747 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 33 LP

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of assets $100 · general or managing partner

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 20 LP

    C · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $9 · share of assets $750 · controlled entity

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 25 LP

    C · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $16 · share of assets $680 · controlled entity

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 26 LP

    C · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $9 · share of assets $800 · controlled entity

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

  • PITTSBURGH URBAN INITIATIVES SUB-CDE 29 LP

    C · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES AND PEOPLE · PA · 0.01% owned · share of income $3 · share of assets $600 · controlled entity

    Directly controlled by PITTSBURGH URBAN INITIATIVES LLC

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343149349305754

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