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← UPTOWN REINVESTMENT CORPORATION INC

Form 990 for tax year 2025

Filed by UPTOWN REINVESTMENT CORPORATION INC.

Totals

Total revenue
-$1,331,960
Total expenses
$3,190,561
Contributions and grants received
$786,013
Grants paid
$196,853
Program service revenue
$230,482
Investment income
-$3,196,129
Other revenue
$847,674
Total assets, end of year
$78,756,687
Total liabilities, end of year
$1,711,587
Net assets or fund balances, end of year
$77,045,100
Program services expenses (Part IX)
$3,152,801
Management and general expenses
$37,760
Fundraising expenses
$0
Program service expenses (Part III)
$3,152,801

Program services were 98.8% 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.

  • 1d · Related organizations

    $310,000

  • 1e · Government grants (contributions)

    $265,863

  • 1f · All other contributions, gifts and grants

    $210,150

  • 2a · Program service revenue: FEE FOR SERVICE REVENUE

    total $204,035 · related or exempt $204,035

  • 2b · Program service revenue: DEVELOPER FEE

    total $13,313 · related or exempt $13,313

  • 2f · All other program service revenue

    total $13,134 · related or exempt $13,134 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total -$3,196,129 · excluded -$3,196,129

  • 6a · Gross rents

    real property $856,683 · personal property $81,390

  • 6b · Less rental expenses

    real property $90,399 · personal property $0

  • 6c · Rental income or loss

    real property $766,284 · personal property $81,390

  • 6d · Net rental income or loss

    total $847,674 · unrelated business $81,390 · excluded $766,284

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $171,958 · program services $171,958

  • 2 · Grants to domestic individuals

    total $24,895 · program services $24,895

  • 7 · Other salaries and wages

    total $1,330,849 · program services $1,330,849

  • 11b · Fees: legal

    total $4,335 · program services $2,535 · management and general $1,800

  • 11c · Fees: accounting

    total $36,796 · program services $5,776 · management and general $31,020

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $38,011 · program services $38,011

  • 13 · Office expenses

    total $57,367 · program services $56,807 · management and general $560

  • 14 · Information technology

    total $40,500 · program services $40,500

  • 16 · Occupancy

    total $783,392 · program services $783,392

  • 17 · Travel

    total $11,817 · program services $11,817

  • 20 · Interest

    total $82,042 · program services $82,042

  • 22 · Depreciation, depletion and amortization

    total $149,173 · program services $149,173

  • 23 · Insurance

    total $102,418 · program services $102,418

  • 24a · Other expenses: DEVELOPMENT EXPENSE

    total $352,628 · program services $352,628

  • 24b · Other expenses: FEDERAL INCOME TAX EXPENSE

    total $4,380 · management and general $4,380

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,980 · end of year $1,668

  • 2 · Savings and temporary cash investments

    beginning of year $1,404,235 · end of year $1,938,755

  • 4 · Accounts receivable

    beginning of year $4,416,481 · end of year $4,195,524

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $13,202,748 · end of year $13,365,045

  • 9 · Prepaid expenses and deferred charges

    beginning of year $116,441 · end of year $113,370

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

    $11,546,489

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

    $1,207,839

  • 10c · Land, buildings and equipment, net

    beginning of year $10,141,746 · end of year $10,338,650

  • 11 · Investments: publicly traded securities

    beginning of year $1,644,461 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $52,250,392 · end of year $48,568,812

  • 15 · Other assets

    beginning of year $197,153 · end of year $234,863

  • 17 · Accounts payable and accrued expenses

    beginning of year $799,548 · end of year $412,845

  • 19 · Deferred revenue

    beginning of year $51,533 · end of year $6,666

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $941,441 · end of year $1,292,076

  • 27 · Net assets without donor restrictions

    beginning of year $80,451,336 · end of year $76,835,931

  • 28 · Net assets with donor restrictions

    beginning of year $1,132,779 · end of year $209,169

Mission and programs · 2025

Mission

TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT BY OFFERING FINANCIAL ASSISTANCE, ASSISTANCE IN OBTAINING PRIVATE INVESTMENT CAPITAL, REAL PROPERTY, AND OTHER INCENTIVES TO BUSINESSES CONSIDERING LOCATING NEW FACILITIES OR DEVELOPMENTS IN THE DOWNTOWN FLINT BUSINESS DISTRICT. (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT BY OFFERING FINANCIAL ASSISTANCE, ASSISTANCE IN OBTAINING PRIVATE INVESTMENT CAPITAL, REAL PROPERTY, (CONTINUED ON SCHEDULE O)

  • THE PROMOTION OF ECONOMIC GROWTH, EMPLOYMENT, AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT BY: * OFFERING FINANCIAL AND TECHNICAL ASSISTANCE THROUGH PROCUREMENT OF PRIVATE INVESTMENT CAPITAL AND FEDERAL AND STATE GRANTS * ACQUIRING AND REVITALIZING UNDER UTILIZED COMMERCIAL REAL ESTATE

    Expenses $2,086,875 · Grants $170,473 · Revenue $200,825

  • THE PROMOTION OF ECONOMIC GROWTH, EMPLOYMENT, AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT BY: * OPERATING AND SUPPORTING THE OPERATIONS OF THE LOCAL FARMERS' MARKET LOCATED IN DOWNTOWN FLINT

    Expenses $1,065,926 · Grants $26,380 · Revenue $29,657

As filed on the 2025 return.

Listed in Part VII

  • GREG VIENER

    CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1.3 related

  • MARSHA BEWERSDORF

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TIM HERMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • ANTHONY VANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BOBBY MUKKAMALA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAN KILDEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GREG FIEDLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LAURENCE ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LUTHER BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NATALIE KADIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEPHANIE FENTON

    CFO

    Total calculated
    $262,135
    From this org
    $245,752
    From related orgs
    $16,383
    Other
    $0
    Hours/week
    37.5 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $245,752 + $16,383 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $245,752 + $16,383 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

None.

The filer's explanations (Part III)

SCHEDULE J, PART II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL
NAME - STEPHANIE FENTON, COMPENSATION FROM UNRELATED ORGANIZATION - 245752, NAME OF UNRELATED ORGANIZATION - FLINT & GENESEE GROUP, TYPE OF COMPENSATION - COMPENSATION FOR SERVICES PROVIDED TO UPTOWN REINVESTMENT CORPORATION

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

  • CITY OF FLINT

    $102,300

    DEMOLITION COSTS FOR OLD FARMERS MARKET

  • POWER TEAM 69 AKA LEVELS BAR

    $25,628

    TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT.

  • CORK ON SAGINAW

    $20,000

    TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT.

  • BLACKSTONES SMOKEHOUSE

    $10,000

    TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT.

  • HWD HARRISON NONPROFIT HOUSING CORPORATION

    $5,698

    TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT AND DEVELOPMENT IN THE DOWNTOWN FLINT BUSINESS DISTRICT.

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.

Related partnerships

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

  • CAPITOL THEATER INVESTORS LLC

    RELATED · RE DEVELOP · MI · 70% owned · share of income -$15,670,367 · share of assets $6,435,575 · general or managing partner

    Directly controlled by URC

  • HWD INVESTORS LLC

    RELATED · RE DEVELOP · MI · 66.67% owned · share of income $43,363 · share of assets $22,152,275 · general or managing partner

    Directly controlled by URC

  • BUCKHAM SQUARE INVESTORS LLC

    RELATED · RE DEVELOP · MI · 70% owned · share of income -$9,463,715 · share of assets $19,783,840

    Directly controlled by URC

  • URC 600 SOUTH LLC

    RELATED · RE DEVELOP · MI · 50% owned · share of income $1,888 · share of assets $1,174,622 · general or managing partner

    Directly controlled by URC

  • 310 EAST THIRD STREET MASTER TENANT LLC

    RELATED · RE DEVELOP · MI · 51% owned · share of income -$484 · share of assets $135,610

    Directly controlled by URC

  • FLINT HOME OWNERSHIP INITIATIVE

    RELATED · RE DEVELOP · MI · 50% owned · share of income $0 · share of assets $0

    Directly controlled by URC

  • COMPLETE BUILDING SUPPORT SERVICES

    RELATED · REAL ESTATE MAINTENANCE · MI · 25% owned · share of income $444 · share of assets $34,586 · general or managing partner

    Directly controlled by URC

  • 352 SS LLC

    RELATED · HOTEL · MI · 70% owned · share of income -$4,421,534 · share of assets $3,967,114

    Directly controlled by URC

Related corporations and trusts

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

  • BUCKHAM SQUARE MANAGER INC

    C CORPORATION · RE DEVELOP · MI · 70% owned · share of income -$1,941,939 · share of assets $0 · controlled entity

    Directly controlled by BSI

  • CAPITOL THEATRE MANAGER INC

    C CORPORATION · RE DEVELOP · MI · 70% owned · share of income -$1,403,863 · share of assets $0 · controlled entity

    Directly controlled by CTI

  • DOWNTOWN RESTORATION CORPORATION

    C CORPORATION · RE DEVELOP · MI · 100% owned · share of income -$2,868 · share of assets $9,881,219 · controlled entity

    Directly controlled by URC

  • URC 310 E THIRD ST

    C CORPORATION · RE DEVELOP · MI · 100% owned · share of income -$7,776 · share of assets $971,940 · controlled entity

    Directly controlled by URC

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202602619349301230

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