Block 3 Community Urban Redevelopment Corporation
Block 3 Community Urban Redevelopment Corporation consistently operates with a revenue surplus but carries significant and growing liabilities exceeding assets.
EIN: 141873450 · Cincinnati, OH · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.7M |
| Total Expenses | $7.1M |
| Program Spending | 85% |
| Net Assets | $-9,193,654 |
| Transparency Score | 70/100 |
Is Block 3 Community Urban Redevelopment Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Block 3 Community Urban Redevelopment Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Block 3 Community Urban Redevelopment Corporation
Block 3 Community Urban Redevelopment Corporation (EIN: 141873450) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code T11. The organization reported total revenue of $9.7M and total assets of $39.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Block 3 Community Urban Redevelopment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Block 3 Community Urban Redevelopment Corporation is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $7.1M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $41.3M |
| Total Liabilities | $50.5M |
| Net Assets | $-9,193,654 |
| Operating Margin | 18.4% |
| Debt-to-Asset Ratio | 122.3% |
| Months of Reserves | 69.7 months |
Financial Health Grade: A
In 2023, Block 3 Community Urban Redevelopment Corporation reported a surplus of $1.6M with revenue exceeding expenses, holds 69.7 months of operating reserves (strong position), has a debt-to-asset ratio of 122.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Block 3 Community Urban Redevelopment Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.9% | -3.8% | -2.9% |
| 2022 | +4.5% | +5.0% | -2.8% |
| 2021 | +0.9% | +2.7% | -2.3% |
| 2020 | +1.4% | -4.6% | -3.0% |
| 2019 | -2.4% | -2.1% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Block 3 Community Urban Redevelopment Corporation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Block 3 Community Urban Redevelopment Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 122.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is a strong positive for minimizing administrative costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Block 3 Community Urban Redevelopment Corporation's IRS 990 filings:
- Liabilities consistently and significantly exceed assets, indicating a high debt load (e.g., $50,476,266 liabilities vs. $41,282,612 assets in 2023).
- Net assets have been consistently negative and decreasing over the past decade, from -$18,459,285 in 2014 to -$9,193,654 in 2023, suggesting a long-term solvency challenge.
Strengths
The following positive indicators were identified for Block 3 Community Urban Redevelopment Corporation:
- Consistent revenue generation exceeding expenses in most recent years (e.g., $8,712,081 revenue vs. $7,108,299 expenses in 2023).
- Zero officer compensation reported across all filings, indicating efficient use of funds in executive pay.
- Stable operational activity with consistent revenue and expense levels over a decade, suggesting established programs.
Frequently Asked Questions about Block 3 Community Urban Redevelopment Corporation
Is Block 3 Community Urban Redevelopment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Block 3 Community Urban Redevelopment Corporation (EIN: 141873450) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Block 3 Community Urban Redevelopment Corporation spend its money?
Block 3 Community Urban Redevelopment Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Block 3 Community Urban Redevelopment Corporation tax-deductible?
Block 3 Community Urban Redevelopment Corporation is registered as a tax-exempt nonprofit (EIN: 141873450). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Block 3 Community Urban Redevelopment Corporation's spending goes to programs?
Block 3 Community Urban Redevelopment Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Block 3 Community Urban Redevelopment Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Block 3 Community Urban Redevelopment Corporation is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Block 3 Community Urban Redevelopment Corporation located?
Block 3 Community Urban Redevelopment Corporation is headquartered in Cincinnati, Ohio and files with the IRS under EIN 141873450. It is classified under NTEE code T11.
How many years of IRS 990 filings does Block 3 Community Urban Redevelopment Corporation have?
Block 3 Community Urban Redevelopment Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.7M in total revenue.
What is the nature of Block 3 Community Urban Redevelopment Corporation's significant liabilities?
The filings consistently show liabilities significantly exceeding assets (e.g., $50,476,266 in liabilities vs. $41,282,612 in assets in 2023). Understanding the composition of these liabilities (e.g., mortgages, bonds, program-related debt) is crucial for a complete financial picture.
How does Block 3 Community Urban Redevelopment Corporation manage its long-term debt?
Given the persistent and substantial liabilities, an analysis of the organization's debt management strategies, repayment schedules, and interest expenses would provide insight into its financial sustainability.
What are the specific program activities funded by Block 3 Community Urban Redevelopment Corporation?
While the NTEE code indicates housing development, construction, and management, more detailed information on specific projects, beneficiaries, and outcomes would clarify the impact of its program spending.
Filing History
IRS 990 filing history for Block 3 Community Urban Redevelopment Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Block 3 Community Urban Redevelopment Corporation's revenue has grown by 39.2%, moving from $6.3M to $8.7M. Total assets decreased by 28.8% over the same period, from $58.0M to $41.3M. Total functional expenses fell by 10.4%, from $7.9M to $7.1M. In its most recent filing year (2023), Block 3 Community Urban Redevelopment Corporation reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $50.5M in liabilities against $41.3M in assets (debt-to-asset ratio: 122.3%), resulting in net assets of $-9,193,654.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $7.1M | $41.3M | $50.5M | — | View 990 |
| 2022 | $8.3M | $7.4M | $42.5M | $56.0M | — | View 990 |
| 2021 | $7.9M | $7.0M | $43.8M | $62.4M | — | View 990 |
| 2020 | $7.9M | $6.9M | $44.8M | $67.4M | — | View 990 |
| 2019 | $7.8M | $7.2M | $46.2M | $66.4M | — | View 990 |
| 2018 | $8.0M | $7.3M | $48.5M | $67.0M | — | View 990 |
| 2017 | $7.7M | $7.5M | $49.2M | $71.3M | — | View 990 |
| 2016 | $7.4M | $7.5M | $51.2M | $78.0M | — | View 990 |
| 2015 | $7.2M | $7.5M | $52.4M | $76.0M | — | View 990 |
| 2014 | $6.9M | $7.6M | $54.7M | $76.6M | — | View 990 |
| 2013 | $6.9M | $7.4M | $56.4M | $77.1M | — | View 990 |
| 2012 | $6.8M | $7.9M | $57.1M | $84.0M | — | View 990 |
| 2011 | $6.3M | $7.9M | $58.0M | $76.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $7.1M, and assets of $41.3M (revenue +4.9% year-over-year).
- 2022: Revenue of $8.3M, expenses of $7.4M, and assets of $42.5M (revenue +4.5% year-over-year).
- 2021: Revenue of $7.9M, expenses of $7.0M, and assets of $43.8M (revenue +0.9% year-over-year).
- 2020: Revenue of $7.9M, expenses of $6.9M, and assets of $44.8M (revenue +1.4% year-over-year).
- 2019: Revenue of $7.8M, expenses of $7.2M, and assets of $46.2M (revenue -2.4% year-over-year).
- 2018: Revenue of $8.0M, expenses of $7.3M, and assets of $48.5M (revenue +2.9% year-over-year).
- 2017: Revenue of $7.7M, expenses of $7.5M, and assets of $49.2M (revenue +3.9% year-over-year).
- 2016: Revenue of $7.4M, expenses of $7.5M, and assets of $51.2M (revenue +2.9% year-over-year).
- 2015: Revenue of $7.2M, expenses of $7.5M, and assets of $52.4M (revenue +4.9% year-over-year).
- 2014: Revenue of $6.9M, expenses of $7.6M, and assets of $54.7M (revenue -0.3% year-over-year).
- 2013: Revenue of $6.9M, expenses of $7.4M, and assets of $56.4M (revenue +2.4% year-over-year).
- 2012: Revenue of $6.8M, expenses of $7.9M, and assets of $57.1M (revenue +7.9% year-over-year).
- 2011: Revenue of $6.3M, expenses of $7.9M, and assets of $58.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Block 3 Community Urban Redevelopment Corporation:
Data Sources and Methodology
This transparency report for Block 3 Community Urban Redevelopment Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.