2024-11-07T11:49:48-06:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 1300 EAST 9TH ST SUITE 900 CLEVELAND OH 44114 990 2023-01-01 271990218 PITTSBURGH URBAN INITIATIVES LLC PITT 4122556588 412 BOULEVARD OF THE ALLIES STE 90 PITTSBURGH PA 15219 REBECCA DAVIDSON-WAGNER PRESIDENT 4122556588 2024-10-23 1 0 AMANDA READ P01433761 2162395529 2023 2024-10-15 13:58:12Z REBECCA DAVIDSON-WAGNER 412 BLVD OF THE ALLIES STE 901 PITTSBURGH PA 152192014 1210670 0 X WWW.URA.ORG X LLC 2010 PA TO SERVE AND PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS. 5 3 0 3 0 0 0 0 1496335 1210670 0 0 0 0 1496335 1210670 0 0 0 0 0 0 0 0 0 1207256 1076234 1207256 1076234 289079 134436 3903113 4155082 84200 211933 3818913 3943149 TO SERVE AND PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS. 0 0 1076234 1210670 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. 1076234 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 1 1 0 0 1 1 X REBECCA DAVIDSON-WAGNER 4122556588 412 BOULEVARD OF THE ALLIES STE 901 PITTSBURGH PA 15219 TOM LINK CHAIRMAN 1.00 40.00 X X 0 120396 0 MALIK G BANKSTON MEMBER 0.00 X 0 0 0 TY GOURLEY SECRETARY 0.00 X X 0 0 0 DAMARA CARTER TREASURER 1.00 40.00 X X 0 118738 0 KYLE CHINTALAPALLI VICE CHAIRMAN 0.00 X X 0 0 0 REBECCA DAVIDSON-WAGNER PRESIDENT 25.00 15.00 X 0 136105 0 0 375239 0 0 0 0 0 NOVOGRADAC & COMPANY LLP 1300 EAST 9TH ST SUITE 900 CLEVELAND OH 44114 PREPARATION OF AUDIT AND TAX RETURNS 238369 1 SUCCESS FEE 522200 440000 440000 ASSET MANAGEMENT FEES 522200 389884 389884 MISCELLANEOUS INCOME 522200 230786 230786 SUB-ALLOCATION FEE 522200 150000 150000 1210670 1210670 1210670 0 0 X 283397 283397 45644 45644 252348 252348 459955 459955 3117 3117 5271 5271 OTHER EXPENSES 26502 26502 1076234 1076234 0 0 1992534 2294928 1200000 1189800 576266 487870 11751 9984 122562 172500 3903113 4155082 4200 117950 80000 93983 84200 211933 X 3818913 3943149 3818913 3943149 3903113 4155082 X 134436 -10200 X X 0 1 X 1 0 0 CUSTOMER DEPOSITS 78983 DUE TO RELATED PARTY 15000 93983 X 1210670 0 1210670 0 1210670 1086434 10200 10200 1076234 0 1076234 PART X, LINE 2: THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE COMPANY TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE COMPANY. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE COMPANY'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE COMPANY HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: ALLOWANCE FOR LOAN LOSS FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER IS URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH FORM 990, PART VI, SECTION A, LINE 7A SOLE MEMBER IS URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH FORM 990, PART VI, SECTION B, LINE 11B THE COMPANY REVIEWS THE DRAFT FORM 990 PREPARED BY THE ACCOUNTING FIRM BEFORE THE FINAL IS RELEASED. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G LOAN SERVICING FEES: PROGRAM SERVICE EXPENSES 125,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,000. NMTC CONSULTING: PROGRAM SERVICE EXPENSES 114,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,800. SUCCESS FEE: PROGRAM SERVICE EXPENSES 220,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 220,000. NET LOSS IN SUB-CDES: PROGRAM SERVICE EXPENSES 155. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155. FORM 990, PART XI, LINE 9: LOAN LOSS ALLOWANCE -10,200. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES IN THE OVERSIGHT OR SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT. 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