BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION

EIN: 141873450 501(c)(3) Philanthropy & Grantmaking

CINCINNATI, OH

Total Revenue
$8,989,215
Total Expenses
$6,868,593
Total Assets
$38,879,141
Net Assets
$-4,703,196
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OH
Principal Officer
DANIEL DEERING
Phone
5135640078
Tax Period
2024-08-01 to 2025-07-31

BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.0M in total revenue in fiscal year 2024. The organization ran a surplus of $2.1M, a strong 24% operating margin.

Mission

REDEVELOPMENT OF BLIGHTED URBAN AREAS BY DEVELOPMENT OF REAL PROPERTY PRIMARILY FOR STUDENT HOUSING.

Program Service Accomplishments

Program 1
Expenses: $1,611,955

THE ORGANIZATION ISSUED BONDS PRIMARILY FOR THE CONSTRUCTION OF STUDENT HOUSING. THE EXPENSE REFLECTS THE INTEREST EXPENSE ON THE BONDS AND INTEREST ON THE SUBORDINATE LOAN TO THE UNIVERSITY OF...

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THE ORGANIZATION ISSUED BONDS PRIMARILY FOR THE CONSTRUCTION OF STUDENT HOUSING. THE EXPENSE REFLECTS THE INTEREST EXPENSE ON THE BONDS AND INTEREST ON THE SUBORDINATE LOAN TO THE UNIVERSITY OF CINCINNATI.

Program 2
Expenses: $3,639,339 Revenue: $8,030,133

THE ORGANIZATION PROVIDES STUDENT HOUSING FOR STUDENTS OF THE UNIVERSITY OF CINCINNATI. THE ORGANIZATION HAS ATTRACTED A SUBSTANTIAL NUMBER OF STUDENTS WHO RESIDE AT THE ORGANIZATION'S HOUSING...

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THE ORGANIZATION PROVIDES STUDENT HOUSING FOR STUDENTS OF THE UNIVERSITY OF CINCINNATI. THE ORGANIZATION HAS ATTRACTED A SUBSTANTIAL NUMBER OF STUDENTS WHO RESIDE AT THE ORGANIZATION'S HOUSING FACILITY.

Program 3
Expenses: $1,570,248

THE ORGANIZATION CONSTRUCTED STUDENT HOUSING. THE EXPENSE REFLECTS THE DEPRECIATION EXPENSE ON THE STUDENT HOUSING BUILDING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,030,133
Investment Income $257,115
Other Revenue $701,967
TOTAL REVENUE $8,989,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,821,542
Other Expenses $6,868,593
TOTAL EXPENSES $6,868,593

Year-over-Year Comparison

2024 2023 Change
Revenue $8,989,215 $8,639,499 +0.0%
Expenses $6,868,593 $6,827,968 +0.0%
Net Income $2,120,622 $1,811,531 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$179,100
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHIP KUSSMAUL TRUSTEE 1.00
Director
$0 $0 $0
DANIEL DEERING PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN DUBOIS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TOM ERBECK SECRETARY 1.00
Officer Director
$0 $0 $0
MEGAN SMITH TREASURER 1.00
Officer Director
$0 $0 $0
MATTHEW BOURGEOIS DIRECTOR 10.00
Officer
$0 $3,000 $179,100
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,989,215 $6,868,593 $38,879,141 $2,120,622
2024 $8,639,499 $6,827,968 $39,542,291 $1,811,531
2023 $8,712,081 $7,108,299 $41,282,612 $1,603,782
2022 $8,303,549 $7,387,627 $42,525,355 $915,922
2021 $7,948,144 $7,039,072 $43,753,173 $909,072
2020 $7,877,869 $6,854,121 $44,760,459 $1,023,748
2019 $7,766,804 $7,186,271 $46,155,205 $580,533
2018 $7,957,257 $7,338,231 $48,520,562 $619,026
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