EIN 45-5465651

Utah Center for Neighborhood Stabilization

IRS 501(c) type
501(c)(3)
Num. employees
6
State
Year formed
2012
Most recent tax filings
2022-12-01
Description
UCNS provides affordable housing, neighborhood revitalization and small-business lending. Includes a $35M revolving loan fund for transit-oriented developments.
Total revenues
$605,933
2022
Total expenses
$658,120
2022
Total assets
$35,451,079
2022
Num. employees
6
2022

Program areas at Utah Center for Neighborhood Stabilization

The uetod is a structured $35 million revolving loan fund. The loan fund provides flexible short-term financing for developers to purchase and/or develop transit oriented affordable housing near public transportation throughout the wasatch front. All housing units financed by the uetod will be designated for residents with household income equal to or less than 80% of area median income (ami). for rental projects, at least 60% of the total units will be for residents at 60% ami or below. In addition, the fund will ensure that all rental units/homes meet the above affordability requirements.both non-profit and for-profit developers will be able to access the fund's resources. The fund provides an acquisition and predevelopment source of capital to allow developers to secure key properties, and construction financing for these same projects. Whereas some geographies may have a greater need to target a lower ami, other areas have already established enough housing to accommodate the deeper targets and are looking to bring more market rate units to the area.as of december 31, 2022, four transit-oriented development loans were issued and outstanding for a total of $6,074,612. Of that total, $2,625,153 of the $7,000,000 top loss was committed for the four transit-oriented development projects.
Utah small business growth initiative (usbgi) is a limited liability company organized in the state of Utah on june 11, 2012 for the purpose of creating jobs and stabilizing Utah's neighborhoods by providing growing businesses with access to capital. Usbgi's program services include, a) providing early stage investment capital, b) facilitating loan guarantees to small businesses between financial institutions and the state of Utah, and c) participating in loans alongside other financial institutions. To date, usbgi has been able to leverage approximately $8.5 million in funds to give small businesses access to approximately $50 million in capital to help grow their businesses. That capital was reported to have helped to create approximately 550 jobs and retain approximately 1,800 jobs. Capital has been made available to women-owned and minority-owned businesses in low-income and rural areas. Usbgi is a wholly-owned subsidiary of the nonprofit Utah Center for Neighborhood Stabilization (ucns). Ucns serves as an umbrella organization for several different entities in addition to usbgi.
The Utah Center for Neighborhood Stabilization stabilizes neighborhoods through its subsidiary organizations by providing single fmaily and multi-family affordable housing, Neighborhood revitalization, and small business lending and investing.
Ucns provides community re-investment act (cra) strategic plan consulting for banks required to complete a strategic plan with the fdic.

Who funds Utah Center for Neighborhood Stabilization

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
AmazonSmile FoundationGeneral Support$86

Personnel at Utah Center for Neighborhood Stabilization

NameTitleCompensation
Amy ThorntonChief Operating Officer$151,049
Eli WillisChief Financial Officer
Dan AdamsExecutive Director$237,969
Daniel AdamsPast Executive Director
Todd BorenTreasurer$0
...and 4 more key personnel

Financials for Utah Center for Neighborhood Stabilization

RevenuesFYE 12/2022
Total grants, contributions, etc.$60,642
Program services$523,349
Investment income and dividends$105,634
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-83,692
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$605,933

Form 990s for Utah Center for Neighborhood Stabilization

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-04990View PDF
2021-122022-09-21990View PDF
2020-122021-11-15990View PDF
2019-122021-03-02990View PDF
2018-122019-10-25990View PDF
...and 6 more Form 990s
Data update history
November 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 26, 2023
Used new vendors
Identified 1 new vendor, including
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Business and community development organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local levelTax deductible donations
General information
Address
6880 S 700 W Office 102
Midvale, UT 84047
Metro area
Salt Lake City, UT
County
Salt Lake County, UT
Phone
(801) 316-9118
IRS details
EIN
45-5465651
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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