URBAN CORPS INC

EIN: 474522579 501(c)(3) Community Improvement

SAN DIEGO, CA

Total Revenue
$134,305
Total Expenses
$187,841
Total Assets
$5,799,899
Net Assets
$5,066,923
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Phone
6192311977
Tax Period
2021-07-01 to 2022-06-30

URBAN CORPS INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $134K in total revenue in fiscal year 2021. Expenses of $188K exceeded revenue, resulting in a 40% operating deficit.

Mission

URBAN CORPS, INC. WAS FORMED TO SUPPORT URBAN CORPS OF SAN DIEGO COUNTY THROUGH OBTAINING THE NEW MARKET TAX CREDIT (NMTC) PROGRAM.

Program Service Accomplishments

Program 1
Expenses: $187,841

URBAN CORPS, INC. WAS FORMED TO SUPPORT URBAN CORPS OF SAN DIEGO COUNTY THROUGH OBTAINING THE NEW MARKET TAX CREDIT (NMTC) PROGRAM.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $134,305
Other Revenue $0
TOTAL REVENUE $134,305

Expense Breakdown

Grants Paid $157,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $187,841
Other Expenses $30,841
TOTAL EXPENSES $187,841

Year-over-Year Comparison

2021 2020 Change
Revenue $134,305 $137,817 0.0%
Expenses $187,841 $160,841 +0.2%
Net Income $-53,536 $-23,024 +1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
3

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
$199,792
Total Directors
5
$199,792
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE KENNEDY CEO 1.00
Officer Director
$0 $0 $199,792
SAMUEL M DURAN BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
MATT MANNING BOARD TREASURER 1.00
Officer Director
$0 $0 $0
JIM MADSEN BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MICHAEL STERNS BOARD PRESIDENT 1.00
Officer 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
2022 $134,305 $187,841 $5,799,899 $-53,536
2021 $137,817 $160,841 $5,853,435 $-23,024
2020 $131,576 $120,926 $5,876,459 $10,650
2019 $135,596 $156,841 $5,873,498 $-21,245
2018 $137,092 $160,332 $5,894,743 $-23,240
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