URBAN RENEWAL CORP

EIN: 223288857 501(c)(3) Employment

NEWARK, NJ

Total Revenue
$1,792,392
Total Expenses
$2,520,849
Total Assets
$931,151
Net Assets
$491,728
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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
1994
Legal Domicile
NJ
Principal Officer
LANE H JACOBS
Phone
9734832882
Tax Period
2023-01-01 to 2023-12-31

URBAN RENEWAL CORP, founded in 1994, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 41% operating deficit.

Mission

TRAINING COUNSELING TRAINING, COUNSELING, EDUCATION, AND TEMPORARY HOUSING FOR WELFARE RECIPIENTS, PRISONER RELEASE PROGRAMS, HOMELESS INDIVIDUALS, AND AIDS VICTIMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $380,439
Program Service Revenue $1,307,651
Investment Income $0
Other Revenue $104,302
TOTAL REVENUE $1,792,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,252,242
Fundraising Expenses $0
Program Expenses $2,097,984
Other Expenses $1,268,607
TOTAL EXPENSES $2,520,849

Year-over-Year Comparison

2023 2022 Change
Revenue $1,792,392 $1,837,476 0.0%
Expenses $2,520,849 $2,201,344 +0.1%
Net Income $-728,457 $-363,868 +1.0%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
57
Volunteers
N/A

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
1
$130,000
Total Directors
4
$0
Key Employees
1
$130,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANCE JACOBS CEO 040.00
Officer Key Emp Highest
$130,000 $0 $130,000
JAMES BYRD BOARD MEMBER 005.00
Director
$0 $0 $0
JUANITA TALBERT BOARD MEMBER 005.00
Director
$0 $0 $0
JEFFREY FREIREICH BOARD MEMBER 005.00
Director
$0 $0 $0
TRICIA DOLNICK BOARD MEMBER 005.00
Director
$0 $0 $0
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
2023 $1,792,392 $2,520,849 $931,151 $-728,457
2022 $1,837,476 $2,201,344 $3,136,827 $-363,868
2021 $1,128,896 $2,166,577 $1,452,201 $-1,037,681
2020 $2,142,676 $2,483,029 $2,568,835 $-340,353
2019 $4,172,066 $4,066,459 $2,872,692 $105,607
2018 $4,093,929 $4,041,130 $2,947,406 $52,799
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