Nonprofit · EIN 14-1873450
BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION
Tax-exempt · CINCINNATI, OH 45219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $8,989,215 | $6,868,593 | $2,120,622 | $38,879,141 | $43,582,337 | -$4,703,196 |
| July 31, 2024 | 990 | $8,639,499 | $6,827,968 | $1,811,531 | $39,542,291 | $46,717,734 | -$7,175,443 |
| July 31, 2023 | 990 | $8,712,081 | $7,108,299 | $1,603,782 | $41,282,612 | $50,476,266 | -$9,193,654 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,030,133
- Investment income
- $257,115
- Net rental income
- $494,104
- Net gain from sales of assets
- -$102,358
- Other revenue
- $701,967
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $11,594
- Accounting fees
- $10,948
- Occupancy
- $1,269,058
- Depreciation
- $1,570,248
- Program services (functional)
- $6,821,542
- Management and general (functional)
- $47,051
Balance sheet and other
- Total assets, start of year
- $39,542,291
- Total assets, end of year
- $38,879,141
- Total liabilities, end of year
- $43,582,337
- Net assets, end of year
- -$4,703,196
- Land, buildings and equipment
- $30,249,187
- Net assets without donor restrictions
- -$4,703,196
- Gross unrelated business income
- $207,863
- Gross receipts
- $9,957,668
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2003
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW BOURGEOIS | DIRECTOR Officer | 10 | $0 | $176,100 | $3,000 |
| CHIP KUSSMAUL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL DEERING | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN DUBOIS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM ERBECK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEGAN SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended July 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW BOURGEOIS | DIRECTOR Officer | 10 | $0 | $158,007 | $3,000 |
| CHIP KUSSMAUL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL DEERING | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN DUBOIS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM ERBECK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEGAN SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended July 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW BOURGEOIS | DIRECTOR Officer | 10 | $0 | $141,550 | $3,000 |
| CHIP KUSSMAUL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL DEERING | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN DUBOIS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM ERBECK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEGAN SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2510 OHIO AVE UNIT C, CINCINNATI, OH 45219-1555
- In care of
- % MATTHEW SEIFERT
- Principal officer (990 for 2024)
- DANIEL DEERING, 2510 OHIO AVENUE C, CINCINNATI, OH 45219
- Signed the 990
- MATTHEW P BOURGEOIS, DIRECTOR
- Phone
- (513) 564-0078
- Return prepared by
- CLARK SCHAEFER HACKETT & CO
Mission
REDEVELOPMENT OF BLIGHTED URBAN AREAS BY DEVELOPMENT OF REAL PROPERTY PRIMARILY FOR STUDENT HOUSING.
Program accomplishments
- 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.Expenses $1,611,955
- 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.Expenses $3,639,339 · revenue $8,030,133
- THE ORGANIZATION CONSTRUCTED STUDENT HOUSING. THE EXPENSE REFLECTS THE DEPRECIATION EXPENSE ON THE STUDENT HOUSING BUILDING.Expenses $1,570,248
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 14-1873450
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2003
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $38,879,141
- Income (IRS master file)
- $9,957,668
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $8,989,215 | $6,868,593 | $38,879,141 | XML |
| 990-T | July 2025 | – | – | – | IRS |
| 990 | July 2024 | $8,639,499 | $6,827,968 | $39,542,291 | XML |
| 990-T | July 2024 | – | – | – | IRS |
| 990 | July 2023 | $8,712,081 | $7,108,299 | $41,282,612 | XML |
| 990-T | July 2023 | – | – | – | IRS |
| 990 | July 2022 | $8,303,549 | $7,387,627 | $42,525,355 | IRS |
| 990-T | July 2022 | – | – | – | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990-T | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1873450).
Questions about BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION
- What is the EIN of BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION is 14-1873450.
- Is BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION?
- The 990 for the year ended July 31, 2025 names DANIEL DEERING.
- Who are the officers and directors of BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION?
- The 990 for the year ended July 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does BLOCK 3 COMMUNITY URBAN REDEVELOPMENT CORPORATION have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $8,989,215, expenses of $6,868,593 and total assets of $38,879,141 at year end.
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