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Nonprofit · EIN 87-4082659

ULGM REAL ESTATE HOLDINGS INC

Tax-exempt · MADISON, WI 53713

Financials

$5.2M$18K2023$2.3M$485K2024
Revenue Expenses · by fiscal year end
Financials of ULGM REAL ESTATE HOLDINGS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,254,270$484,515$1,769,755$28,684,673$21,974,845$6,709,828
December 31, 2023990$5,182,785$18,162$5,164,623$31,488,425$23,959,767$7,528,658
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,254,270
of which government grants
$514,487
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$616,353
Management and general (functional)
$484,515

Balance sheet and other

Total assets, start of year
$31,488,425
Total assets, end of year
$28,684,673
Total liabilities, end of year
$21,974,845
Net assets, end of year
$6,709,828
Land, buildings and equipment
$27,354,265
Net assets without donor restrictions
$4,635,513
Net assets with donor restrictions
$2,074,315
Gross receipts
$2,254,270
Employees
0
Volunteers
4
Year formed
2021
State of legal domicile
WI

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, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
RUBEN L ANTHONY JRPRESIDENT
Trustee or director, Officer
1$0$251,562$11,622
GLORIA LADSON-BILLINGSVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
BETH CURLEY-PRESTINESECRETARY
Trustee or director, Officer
1$0$0$0
SALLY MARTYNIAKTREASURER
Trustee or director, Officer
1$0$0$0
DWIGHT MCDONALDDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RUBEN L ANTHONY JRPRESIDENT
Trustee or director, Officer
1$0$236,455$10,799
GLORIA LADSON-BILLINGSVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
BETH CURLEY-PRESTINESECRETARY
Trustee or director, Officer
1$0$0$0
SALLY MARTYNIAKTREASURER
Trustee or director, Officer
1$0$0$0
DWIGHT MCDONALDDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
2222 S PARK ST STE 200, MADISON, WI 53713-2168
In care of
% RUBEN L ANTHONY JR
Principal officer (990 for 2024)
RUBEN L ANTHONY JR, 2222 S PARK STREET 200, MADISON, WI 53713
Signed the 990
RUBEN L ANTHONY JR, PRESIDENT
Phone
(608) 729-1200
Return prepared by
WIPFLI ADVISORY LLC

Mission

TO HOLD TITLE TO PROPERTY (BLACK BUSINESS HUB), COLLECT INCOME THEREFROM, AND TURN THE ENTIRE AMOUNT, LESS EXPENSES, TO THE URBAN LEAGUE OF GREATER MADISON, INC.

990 for the year ended December 31, 2024

Program accomplishments

  • ULGM REAL ESTATE HOLDINGS, INC (ULGMREH). OWNS THE NEW URBAN LEAGUE BLACK BUSINESS HUB (THE HUB), AND MASTER LEASES THE BUILDING BACK TO URBAN LEAGUE OF GREATER MADISON, INC (ULGM). THE HUB IS AN 80,000 SQUARE FOOT BUILDING LOCATED ON PROMINENTLY AT ONE OF THE GATEWAY'S INTO DOWNTOWN MADISON AND THE UNIVERSITY OF WISCONSIN'S FLAGSHIP CAMPUS, BUT ALSO CONVERSELY IN A "SEVERELY DISTRESSED" CENSUS TRACT THAT HAS EXPERIENCED DECADES OF UNDER-INVESTMENT. THE HUB IS BOTH A PHYSICAL BUILDING AND AN ECOSYSTEM OF SUPPORTS FOR SMALL BUSINESSES AND EMERGING ENTREPRENEURS. CONSTRUCTION BEGAN IN APRIL OF 2022. THE BUILDING HAS AN UNPRECEDENTED MIX OF SPACES INCLUDING OFFICE SUITES FOR MISSION ALIGNED BUSINESS DEVELOPMENT AGENCIES AND COWORKING SPACES, EDUCATION AND EVENT SPACES, COMMERCIAL COOKING SPACES, POP-UP MARKET SPACES, AND RETAIL SPACES AVAILABLE AT DISCOUNTED RENTS FOR SMALL BUSINESSES AND EMERGING ENTREPRENEURS. SPACES IN THE BUILDING WERE CONTINUE TO BE BUILT OUT TO TENANT SPECIFICATIONS THROUGH 2024, WITH APPROXIMATELY 10,000 SQUARE FEET OF SPACE REMAINING TO BE BUILT AND/OR LEASED AS OF DECEMBER 31, 2024. THE BUILDING ALSO INCLUDES SPACES USED FOR A WIDE VARIETY OF SMALL BUSINESS DEVELOPMENT PROGRAMING INCLUDING GROUP EDUCATION CLASSES, COACHING AND MENTORING SERVICES, COMMUNITY ENGAGEMENT ACTIVITIES, PROGRAMS TO HELP EMERGING BUSINESSES ACCESS CAPITAL, AND MUCH MORE. AS OF THE END OF 2024, NEARLY 200 BUSINESSES HAD PARTICIPATED IN ULGM PROGRAMS, MORE THAN 600 CLASSES, MEETINGS, AND EVENTS WERE HELD IN THE BUILDING, MORE THAN $500,000 IN DISCOUNTED RENT WAS PROVIDED, AND THE ULGM PROVIDES OVER $1,100,000 OF LOANS AND GRANTS TO SUPPORT THESE BUSINESSES.0

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-4082659
Tax-exempt status
501(c)(2): Title-holding corporation
Donations deductible
No
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P19)
Assets (IRS master file)
$28,684,673
Income (IRS master file)
$2,254,270

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,254,270$484,515$28,684,673XML
990December 2023$5,182,785$18,162$31,488,425XML
990December 2022$2,370,080$6,045$27,286,006IRS

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 87-4082659).

Questions about ULGM REAL ESTATE HOLDINGS INC

What is the EIN of ULGM REAL ESTATE HOLDINGS INC?
The employer identification number (EIN) of ULGM REAL ESTATE HOLDINGS INC is 87-4082659.
Is ULGM REAL ESTATE HOLDINGS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2022.
Are donations to ULGM REAL ESTATE HOLDINGS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ULGM REAL ESTATE HOLDINGS INC 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 ULGM REAL ESTATE HOLDINGS INC 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 ULGM REAL ESTATE HOLDINGS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ULGM REAL ESTATE HOLDINGS INC?
The 990 for the year ended December 31, 2024 names RUBEN L ANTHONY JR.
Who are the officers and directors of ULGM REAL ESTATE HOLDINGS INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does ULGM REAL ESTATE HOLDINGS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,254,270, expenses of $484,515 and total assets of $28,684,673 at year end.

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