Civic Intelligence

Uptown Reinvestment Corporation

EIN 38-3493359 • 501(c)3 • Flint, MI

Profile

To promote economic growth, employment and development in the downtown flint business district by offering financial assistance, assistance in obtaining private investment capital, real property, and other incentives to businessess considering locating new facilities or developments in the downtown flint business district.to bring together all downtown interests, including government, education, business, and charitable institutions in a broad-based coalition.to support existing businesses and encourage entrepreneurial business development in the downtown flint business district.to enhance the public infrastructure and improve aesthetics.to increase downtown residency and develop the downtown into an attractive area for business, employment, and entertainment.

503 S Saginaw Street 1500Flint, MI 48502

uptownreinvestment.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.24x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

27th percentile

-2.0%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

24th percentile

-0.7%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-51%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$83,376,637

Down $613,688 (-0.7%) from 2023

Liabilities

Down

$1,792,522

Down $475,977 (-21%) from 2023

Net Assets

Down

$81,584,115

Down $137,711 (-0.2%) from 2023

Revenue

Down

$7,341,594

Down $7,509,937 (-51%) from 2023

Expenses

Down

$7,491,279

Down $8,775,631 (-54%) from 2023

Net Income

Up

-$149,685

Up $1,265,694 (+89%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $43,411,802Liabilities 2010: $23,234,389Net Assets 2010: $20,177,4132010Assets 2011: $45,693,319Liabilities 2011: $33,890,435Net Assets 2011: $11,802,8842011Assets 2012: $47,644,037Liabilities 2012: $34,439,638Net Assets 2012: $13,204,3992012Assets 2013: $54,634,052Liabilities 2013: $37,680,482Net Assets 2013: $16,953,5702013Assets 2014: $65,078,275Liabilities 2014: $38,155,142Net Assets 2014: $26,923,1332014Assets 2015: $68,947,641Liabilities 2015: $36,572,314Net Assets 2015: $32,375,3272015Assets 2016: $69,412,497Liabilities 2016: $17,170,447Net Assets 2016: $52,242,0502016Assets 2017: $59,338,877Liabilities 2017: $5,599,669Net Assets 2017: $53,739,2082017Assets 2018: $64,540,461Liabilities 2018: $6,434,819Net Assets 2018: $58,105,6422018Assets 2019: $73,610,956Liabilities 2019: $4,353,686Net Assets 2019: $69,257,2702019Assets 2020: $83,281,236Liabilities 2020: $4,658,866Net Assets 2020: $78,622,3702020Assets 2021: $86,466,656Liabilities 2021: $3,468,824Net Assets 2021: $82,997,8322021Assets 2022: $84,963,973Liabilities 2022: $1,826,768Net Assets 2022: $83,137,2052022Assets 2023: $83,990,325Liabilities 2023: $2,268,499Net Assets 2023: $81,721,8262023Assets 2024: $83,376,637Liabilities 2024: $1,792,522Net Assets 2024: $81,584,1152024

Highlighted filing

2024

Assets$83,376,637
Liabilities$1,792,522
Net Assets$81,584,115

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $997,2332010Expenses 2011: $1,143,1672011Expenses 2012: $1,206,1452012Revenue 2013: $3,062,327Expenses 2013: $1,218,519Net Income 2013: $1,843,8082013Revenue 2014: $13,716,910Expenses 2014: $1,884,257Net Income 2014: $11,832,6532014Revenue 2015: $7,672,166Expenses 2015: $2,077,329Net Income 2015: $5,594,8372015Revenue 2016: $44,882,165Expenses 2016: $25,091,823Net Income 2016: $19,790,3422016Revenue 2017: $5,209,369Expenses 2017: $3,712,211Net Income 2017: $1,497,1582017Revenue 2018: $9,882,216Expenses 2018: $4,801,880Net Income 2018: $5,080,3362018Revenue 2019: $13,804,257Expenses 2019: $2,354,376Net Income 2019: $11,449,8812019Revenue 2020: $9,779,607Expenses 2020: $2,680,085Net Income 2020: $7,099,5222020Revenue 2021: $7,223,856Expenses 2021: $2,848,394Net Income 2021: $4,375,4622021Revenue 2022: $3,251,972Expenses 2022: $3,112,599Net Income 2022: $139,3732022Revenue 2023: $14,851,531Expenses 2023: $16,266,910Net Income 2023: -$1,415,3792023Revenue 2024: $7,341,594Expenses 2024: $7,491,279Net Income 2024: -$149,6852024

Highlighted filing

2024

Revenue$7,341,594
Expenses$7,491,279
Net Income-$149,685

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$83.4$1.79$81.6$7.34$7.49$0.15
2023Detailed filing. Detailed filing data is available for this year.$84.0$2.27$81.7$14.9$16.3$1.42
2022Detailed filing. Detailed filing data is available for this year.$85.0$1.83$83.1$3.25$3.11$0.14
2021Detailed filing. Detailed filing data is available for this year.$86.5$3.47$83.0$7.22$2.85$4.38
2020Detailed filing. Detailed filing data is available for this year.$83.3$4.66$78.6$9.78$2.68$7.10
2019Detailed filing. Detailed filing data is available for this year.$73.6$4.35$69.3$13.8$2.35$11.4
2018Detailed filing. Detailed filing data is available for this year.$64.5$6.43$58.1$9.88$4.80$5.08
2017Detailed filing. Detailed filing data is available for this year.$59.3$5.60$53.7$5.21$3.71$1.50
2016Detailed filing. Detailed filing data is available for this year.$69.4$17.2$52.2$44.9$25.1$19.8
2015Detailed filing. Detailed filing data is available for this year.$68.9$36.6$32.4$7.67$2.08$5.59
2014Detailed filing. Detailed filing data is available for this year.$65.1$38.2$26.9$13.7$1.88$11.8
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.6$37.7$17.0$3.06$1.22$1.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.6$34.4$13.2$1.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.7$33.9$11.8$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.4$23.2$20.2$1.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 29, 2025
Return Version
2024v5.1
Gross Receipts
$7,485,396
Mission and Program Overview

Mission

- to promote economic growth, employment and development in the downtown flint business district by offering financial assistance, assistance in obtaining private investment capital, real property, and other incentives to businessess considering locating new facilities or developments in the downtown flint business district.- to bring together all downtown interests, including government, education, business, and charitable institutions in a broad-based coalition.- to support existing businesses and encourage entrepreneurial business development in the downtown flint business district.- to enhance the public infrastructure and improve aesthetics.- to increase downtown residency and develop the downtown into an attractive area for business, employment, and entertainment.

To promote economic growth, employment and development in the downtown flint business district by offering financial assistance, assistance in obtaining private investment capital, real property, and other incentives to businesses considering locating new facilities or developments in the downtown flint business district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$54,235,014$52,250,392▼ $1,984,622
Other Notes and Loans Receivable, Net$13,159,736$13,202,748▲ $43,012
Land, Buildings, and Equipment, Net$8,465,475$10,141,746▲ $1,676,271
Accounts Receivable$4,415,573$4,416,481▲ $908
Investments in Publicly Traded Securities-$1,644,461-
Savings and Temporary Cash Investments$3,445,330$1,404,235▼ $2,041,095
Prepaid Expenses and Deferred Charges$108,403$116,441▲ $8,038
Cash and Non-Interest-Bearing Accounts$200$2,980▲ $2,780
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Loans From Officers Directors$0$0→ $0
Total Assets$83,990,325$83,376,637▼ $613,688
Other Assets Total$160,594$197,153▲ $36,559
Liabilities
Other Liabilities$1,024,407$941,441▼ $82,966
Accounts Payable and Accrued Expenses$1,239,483$799,548▼ $439,935
Deferred Revenue$4,609$51,533▲ $46,924
Total Liabilities$2,268,499$1,792,522▼ $475,977
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$80,589,392$80,451,336▼ $138,056
Net Assets With Donor Restrictions$1,132,434$1,132,779▲ $345
Total Net Assets Fund Balance$81,721,826$81,584,115▼ $137,711
Total Liabilities and Net Assets / Fund Balance$83,990,325$83,376,637▼ $613,688

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,145,236$808,808$3,954,044
Other Land Buildings$3,887,514-$3,887,514
Land$2,618,782-$2,618,782
Leasehold Improvements$316,441$112,126$428,567
Equipment$173,773$137,732$311,505
Investment Program Related Org$964,188--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg VienerChair/secretary
Tim HermanPresident
John StockVice President
Bobby MukkamalaDirector
Greg FiedlerDirector
Luther BrownDirector
Dave ForystekDirector - Part Year
Deborah CherryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Flint & Genesee Chamber Of CommerceContract Employees And Support ServicesSAGINAW ST STE 200, Flint, MI 48502$874,333
Premier Security SolutionsDowntown Security601 SAGINAW ST SUITE 300, Flint, MI 48502$270,869
Revenue and Support

Revenue Composition

Contributions and Grants
$7,548,600
Program Service Revenue
$242,716
Investment Income
$-1,563,461
Other Revenue
$1,113,739
All Other Contributions
$1,358,600
Change in Net Assets
$-149,685

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,548,986
Other Expenses$1,677,908
Salaries, Compensation, and Employee Benefits$1,264,385
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,493,483--$4,493,483
Other Salaries and Wages$1,264,385--$1,264,385
Occupancy$678,793--$678,793
Other Expenses$550,594--$550,594
Depreciation Depletion$145,637--$145,637
Insurance$75,842--$75,842
Interest$66,296--$66,296
Grants to Domestic Individuals$55,503--$55,503
Fees for Services Accounting$8,621$32,000-$40,621
Information Technology$39,798--$39,798
Advertising$38,250--$38,250
Office Expenses$19,644$519-$20,163
Fees for Services Legal$11,743$930-$12,673
Travel$9,241--$9,241
Total Functional Expenses$7,457,830$33,449$0$7,491,279

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hwd on Second IncFlint, MI501(c)(3)To Promote Economic Growth, Employment and Development in the Downtown Flint Business District.$4,391,483
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Cfgf Bridge Loan$881,192
Federal Income Taxes$56,599
Note Payable - Cfgf Hotel Loan$3,650
Intercompany Loans-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

990 informational return is provided for review prior to filing with the irs.

Form 990, Part VI, Line 19 Required documents available to the public

AVAILABLE UPON REQUEST

Form 990, Part VIII, Line 2F Other Program Service Revenue

- Total Revenue: 9683, Related or Exempt Function Revenue: 9683, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Uptown Reinvestment Corporation
EIN
38-3493359
Phone
8102385555
Address
503 S SAGINAW STREET 1500, FLINT, MI 48502

Signing Officer

Name
Tim Herman
Title
President
Signed
2025-09-29
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Plante & Moran PLLC
Address
2601 CAMBRIDGE CT SUITE 300, AUBURN HILLS, MI 48326
Preparer
Alyssa M Kent
Phone
2483757100
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

Uptown reinvestment corporation reimburses an unrelated party for all payroll expenses. All w2 forms are filed under the unrelated party. No board members are paid by the unrelated party for their services to the organization.

FORM 990, PART III, LINE 1 DESCRIPTION OF ORGANIZATION MISSION:

Developments in the downtown flint business district. To bring together all downtown interests, including government, education, business, and charitable institutions in a broad-based coalition. To support existing businesses and encourage entrepreneurial business development in the downtown flint business district. To enhance the public infrastructure and improve aesthetics. To increase downtown residency and develop the downtown into an attractive area for business, employment, and entertainment. - to advocate and solve problems with governmental entities and other agencies on behalf of new and existing businesses and other institutions desiring to locate new facilities or developments in the downtown flint district. - to purchase, sell, improve, subdivide, condominiumize, demolish, lease, borrow, pledge, mortgage, manage, and control any real or personal property which may be neccessary to fulfill the foregoing charitable purposes or which may be transferred to this charitable organization by gift, grant, devise, bequest, or otherwise for the general purpose of uptown reinvestment corporation. - to identify new construction or expansion opportunities in the downtown flint business district, to aid in or locate appropriate sites for construction or expansion opportunities in the downtown business district, to preserve appropriate sites for new construction or expansion opportunities in the downtown flint business district, to attract investment capital to those opportunities, to inventory and establish priorities on investment opportunities, and to expedite their fulfillment. - to initiate applications for federal and state financial and other charitable support of economic development in the downtown flint business district. - to use all effective means to bring in new construction and business that will provide added jobs and increase the job base of the city of flint and to commit local business and major non-flint based suppliers, insurers, government agencies, and the employers to locate new facilities and developments in flint.

FORM 990, PART XII, LINE 2C:

The organization has a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statments and selection of an independent accountant.

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