Nonprofit · EIN 22-3288857
URBAN RENEWAL CORP
Tax-exempt · NEWARK, NJ 07103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $1,792,392 | $2,520,849 | -$728,457 | $931,151 | $439,423 | $491,728 |
| December 31, 2022 | 990 | $1,837,476 | $2,201,344 | -$363,868 | $3,136,827 | $527,479 | $2,609,348 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $380,439
- of which government grants
- $380,439
- Program service revenue
- $1,307,651
- Investment income
- $0
- Net rental income
- $3,600
- Other revenue
- $104,302
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $130,000
- Salaries, compensation and benefits (total)
- $1,252,242
- Professional fundraising fees
- $0
- Legal fees
- $12,970
- Occupancy
- $546,766
- Program services (functional)
- $2,097,984
- Management and general (functional)
- $422,865
Balance sheet and other
- Total assets, start of year
- $3,136,827
- Total assets, end of year
- $931,151
- Total liabilities, end of year
- $439,423
- Net assets, end of year
- $491,728
- Net assets without donor restrictions
- $491,728
- Gross receipts
- $1,792,392
- Employees
- 57
- Year formed
- 1994
- State of legal domicile
- NJ
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 December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE JACOBS | CEO Officer, Key employee, Highest-paid employee | 40 | $130,000 |
| JAMES BYRD | BOARD MEMBER Trustee or director | 5 | $0 |
| JUANITA TALBERT | BOARD MEMBER Trustee or director | 5 | $0 |
| JEFFREY FREIREICH | BOARD MEMBER Trustee or director | 5 | $0 |
| TRICIA DOLNICK | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE JACOBS | CEO Officer, Key employee, Highest-paid employee | 40 | $130,000 |
| JAMES BYRD | BOARD MEMBER Trustee or director | 5 | $0 |
| JUANITA TALBERT | BOARD MEMBER Trustee or director | 5 | $0 |
| JEFFREY FREIREICH | BOARD MEMBER Trustee or director | 5 | $0 |
| TRICIA DOLNICK | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 224 SUSSEX AVE, NEWARK, NJ 07103-2846
- In care of
- % LANE JACOBS
- Principal officer (990 for 2023)
- LANE H JACOBS, 224 SUSSEX AVE, NEWARK, NJ 07103
- Signed the 990
- LANE H JACOBS, CEO
- Phone
- (973) 483-2882
- Website
- www.urbanrenewal.org
- Return prepared by
- BENGAL ASSOCIATES LLC
Mission
TRAINING COUNSELING TRAINING, COUNSELING, EDUCATION, AND TEMPORARY HOUSING FOR WELFARE RECIPIENTS, PRISONER RELEASE PROGRAMS, HOMELESS INDIVIDUALS, AND AIDS VICTIMS.
Program accomplishments
- EMERGENCY HOUSING SERVICES - TO SHELTER THE HOMELESS IN THE NEWARK, NJ AREA AND TO HIV TEST AND COUNSEL ON DRUG ABUSE.Expenses $1,888,186
- KEARNY COMPUTER TRAINING PROGRAM - COMPUTER JOB TRAINING OF HOMELESS AND DIFFICULT TO EMPLOY INDIVIDUALS.Expenses $209,798
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3288857
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $931,151
- Income (IRS master file)
- $1,792,392
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $1,792,392 | $2,520,849 | $931,151 | XML |
| 990 | December 2022 | $1,837,476 | $2,201,344 | $3,136,827 | XML |
| 990 | December 2021 | $1,128,896 | $2,166,577 | $1,452,201 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 22-3288857).
Questions about URBAN RENEWAL CORP
- What is the EIN of URBAN RENEWAL CORP?
- The employer identification number (EIN) of URBAN RENEWAL CORP is 22-3288857.
- Is URBAN RENEWAL CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to URBAN RENEWAL CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does URBAN RENEWAL CORP 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 URBAN RENEWAL CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did URBAN RENEWAL CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of URBAN RENEWAL CORP?
- The 990 for the year ended December 31, 2023 names LANE H JACOBS.
- Who are the officers and directors of URBAN RENEWAL CORP?
- The 990 for the year ended December 31, 2023 lists 5 people; 1 received compensation from the organization, the highest $130,000 (LANCE JACOBS, CEO).
- How much revenue does URBAN RENEWAL CORP have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $1,792,392, expenses of $2,520,849 and total assets of $931,151 at year end.
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