University Circle New Markets Inc.
University Circle New Markets Inc.
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About this organization
Revenue
$301,415
Expenses
$389,320
Mission
To serve and provide support for low income communities.
About
UCNM applied to the community development financial institutions fund (CDFI Fund) and was awarded a $20,000,000 new market tax credit (NMTC) allocation, which UCNM fully allocated in 2012 to catalytic economic development and neighborhood transformation projects in a manner consistent with its mission.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “University circle new markets, inc. (uc new markets) is a mission-driven not-for-profit community development corporation (cde) dedicated to serving or providing investment capital for low-income communities (lics) or low-income persons in cuyahoga county, ohio with an emphasis on the greater university circle area. uc new markets is operated as a supporting organization to university circle incorporated (uci), an ohio not-for-profit corporation exempt from taxation under section 501(c)(3) of the irc. founded in 1957, the mission of uci is building a community experience that connects all people with cleveland's center of culture, healing and learning.”.
When explaining its purpose, the activities were outlined as: “To serve and provide support for low income communities.”.
- As per legal reporting requirements, the state of operation for the non-profit is OH.
- The non-profit's address for 2020 is listed as 10831 MAGNOLIA DRIVE, CLEVELAND, OH, 44106 in the filing.
- As per the non-profit's form, they have 0 employees as of 2020.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$87,905.
- The organization has 6 independent voting members.
- The organization was formed in 2009.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.