2025-11-17T12:26:18-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2024-01-01 821993706 URBAN PARTNERSHIPS COMMUNITY DEVELOPMENT CORPORATION URBA 8324985803 12207 HIDDEN RIVER LANE PEARLAND TX 77584 PATRICK EZZELL PRESIDENT 8324985803 2025-11-16 1 1 LORI ROTHE YOKOBOSKY P01273422 4107834900 2025-11-16 X 2024 2025-03-06 01:10:19Z PATRICK EZZELL 12207 HIDDEN RIVER LANE PEARLAND TX 77584 1847429 0 X WWW.UP-CDC.ORG/ X 2017 TX TO CATALYZE COMMERCE AND ECONOMIC DEVELOPMENT TO BENEFIT LOW AND MODERATE INCOME RESIDENTS OF HOUSTON'S CULTURALLY UNIQUE AND HISTORICAL CENTRAL NEIGHBORHOODS THROUGH JOB GROWTH INITIATIVES, CULTURAL AND ARTS PROMOTION, AND REAL ESTATE DEVELOPMENT AND MANAGEMENT. 5 4 0 4 0 0 0 741925 1145200 1089814 0 0 85697 15690 1230897 1847429 3787 0 0 0 835740 769841 0 0 89944 347860 613282 1187387 1383123 43510 464306 32363832 35107297 31801940 34081099 561892 1026198 X TO CATALYZE COMMERCE AND ECONOMIC DEVELOPMENT TO BENEFIT LOW AND MODERATE INCOME RESIDENTS OF HOUSTON'S CULTURALLY UNIQUE AND HISTORICAL CENTRAL NEIGHBORHOODS THROUGH JOB GROWTH INITIATIVES, CULTURAL AND ARTS PROMOTION, AND REAL ESTATE DEVELOPMENT AND MANAGEMENT. 0 0 1046233 1105504 UP CDC WILL DEVELOP REAL ESTATE PROJECT TO BENEFIT LOW AND MODERATE INCOME INDIVIDUALS BY CREATING A STABLE ENVIRONMENT FOR SMALL BUSINESSES TO RENT SPACE IN AN ENVIRONMENT WHERE RISING REAL ESTATE PRICES ARE FORCING EMPLOYERS OUT OF LOW AND MODERATE INCOME NEIGHBORHOODS. THESE SPACES WILL BE OFFERED BELOW MARKET TO COMPANIES THAT HAVE COMMITTED TO HIRE FROM THE COMMUNITY. THE FIRST SUCH PROJECT IS THE EAST END INNOVATION MAKER HUB. UP CDC IS PARTNERING WITH TXRX LABS, A 501(C)(3), AND THE GREATER EAST END MANAGEMENT DISTRICT, A MUNICIPAL BUSINESS IMPROVEMENT DISTRICT. IN 2020 CONSTRUCTION COMMENCED ON THE EAST END MAKER HUB AND REACHED 90% BY YEAR END.CONTINUED ON SCHEDULE OITS CAPSTONE PROJECT, AND NEW HEADQUARTERS, IS THE EAST END MAKER HUB, LOCATED IN AN ECONOMICALLY DISTRESSED, LOW-INCOME COMMUNITY IN HOUSTON. EAST END MAKER HUB IS REDEFINING ENTREPRENEURSHIP IN HOUSTON, BY PROVIDING EQUITABLE ACCESS TO AFFORDABLE WORKSPACE FOR LOCAL MANUFACTURERS, FABRICATORS, CRAFTERS, INNOVATORS, ARTISANS AND ARTISTS. AFTER OPENING IN FEBRUARY OF 2021, AS OF SEPTEMBER 2021, THE PROJECT IS 80% LEASED 18 MONTHS AHEAD OF SCHEDULE, HAVING ADDED 40 COMPANIES PROJECTING TO HIRE OVER 500 INDIVIDUALS. UP CDC'S PARTNER AND THE HUB'S ANCHOR TENANT, TXRX LABS INCUBATOR., PROVIDES SKILLS TRAINING TO HUNDREDS OF COMMUNITY RESIDENTS ANNUALLY TO PROMOTE EMPLOYMENT AND ENTREPRENEURSHIP. IN JUNE OF 2021, THE MAKER HUB ADDED A SECOND INCUBATOR, THE PRISON ENTREPRENEURSHIP PROGRAM, PEP, WHICH WORKS WITH PREVIOUSLY INCARCERATED INDIVIDUALS THAT WILL BE WORKING WITH TXRX LABS TO PLACE THOSE INDIVIDUALS IN GOOD PAYING JOBS AND HELPING THE LAUNCH NEW BUSINESSES.UP CDC ALSO HAS SEVERAL AFFILIATED ENTITIES INCLUDING UP COMMUNITY IMPACT FUND, AN EMERGING COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) THAT LENDS CAPITAL TO UNDERSERVED STARTUPS AND NON-PROFITS. UP CDC LAUNCHED UP COMMERCIAL REAL ESTATE IN 2020 TO SERVE ITS REAL ESTATE NEEDS AND TO AID IN CATALYTIC REAL ESTATE DEVELOPMENT PROJECTS IN LOW- AND MODERATE-INCOME NEIGHBORHOODS. UP CDC ALSO SEEKS TO PROVIDE AFFORDABLE HOUSING AND IS PARTICIPATING CURRENTLY IN THREE TAX CREDIT, MULTI-FAMILY PROJECTS. 1046233 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 2 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 X PATRICK EZZELL 8324985803 12207 HIDDEN RIVER LANE PEARLAND TX 77584 BILL BANTA TREASURER 1.00 X X 0 0 0 ROBERT TREVINO PE DIRECTOR 1.00 X 0 0 0 SUSAN C GARCIA DIRECTOR 1.00 X 0 0 0 PATRICK EZZELL CHAIRMAN/PRESIDENT 38.00 2.00 X X 257252 0 0 JOEL NORTH DIRECTOR 1.00 1.00 X 0 0 0 CHRIS BILTON DIRECTOR 1.00 1.00 X 0 0 0 JAMES EBREY DIRECTOR 1.00 1.00 X 0 0 0 JASON BULLEN EXECUTIVE DIRECTOR/ VP 40.00 X X 112083 0 0 JERRY DAVIS DIRECTOR 1.00 1.00 X 0 0 0 369335 0 0 2 0 1 0 0 741925 741925 MANAGEMENT FEES 541610 686199 686199 SCOTT STREET INCOME 541610 390227 390227 COMMISSION INCOME 541610 13388 13388 1089814 CAM RECOVERY INCOME 541610 3200 3200 12490 12490 15690 1847429 1105504 0 0 X 369335 295467 36934 36934 217409 173927 21741 21741 147865 118293 14786 14786 35232 28186 3523 3523 3364 766 2598 11832 2694 9138 184477 42008 142469 5008 4006 501 501 21177 16943 2117 2117 76143 60913 7615 7615 3867 3093 387 387 40947 40947 2301 2301 16549 16053 496 BAD DEBTS 224217 224217 REPAIRS & MATERIALS 22324 17860 2232 2232 TAXES & LICENSES 1076 860 108 108 1383123 1046233 246946 89944 6216 5598 690514 1518711 30473630 32432099 10178 6840 8505 6957 3849 1548 1179445 1142501 32363832 35107297 60276 241361 5000 30871904 32832608 869760 1002130 31801940 34081099 X 561892 1026198 561892 1026198 32363832 35107297 464306 0 X 0 1 X 0 0 X 2519178 2762232 358047 741925 6381382 2519178 2762232 358047 741925 6381382 6381382 2966 85697 15690 104353 6485735 5109712 0.98390 0.94100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8505 6957 1548 1548 DUE TO AFFILIATES 974170 SECURITY DEPOSITS 27960 1002130 X PART X, LINE 2: THE ORGANIZATION, UPCIF AND QALICB ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. UPCRE IS WHOLLY OWNED BY THE ORGANIZATION AND ACCORDINGLY IS DISREGARDED FOR INCOME TAX PURPOSES. SPONSOR AND SCOTT STREET ARE PASS-THROUGH NTITIES FOR INCOME TAX PURPOSES, AND AS SUCH ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND REPORTED BY THEIR OWNERS ON THEIR RESPECTIVE TAX RETURNS. SPONSOR AND SCOTT'S FEDERAL TAX STATUS AS PASS-THROUGH ENTITIES IS BASED ON THEIR LEGAL STATUS AS LIMITED LIABILITY COMPANIES. ACCORDINGLY, THESE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES FOR THESE TWO ENTITIES AND THERE ARE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FOR INCOME TAX PURPOSES, THE ORGANIZATION AND AFFILIATES REPORT ON A CALENDAR YEAR-END BASIS. INCOME TAX RETURNS FILED BY THE ORGANIZATION AND AFFILIATES ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE. TAX RETURNS FILED BY THE ORGANIZATION AND AFFILIATES SINCE 2021 REMAIN OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X 0 0 0 0 0 0 0 0 0 PATRICK EZZELL CHAIRMAN/PRESIDENT 257252 0 0 0 0 0 0 0 0 0 257252 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS CONDUCTED BY THE GOVERNING BODY BEFORE FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AT EXECUTIVE COMMITTEE MEETINGS BY THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT. ALL MEMBERS SIGN THIS DOCUMENT UPON REVIEW AND AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES COMPENSATION WITH A VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 42,008. MANAGEMENT AND GENERAL EXPENSES 142,469. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 184,477. 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