Church Towers Urban Renewal Corporation
Church Towers Urban Renewal Corporation: Consistent Revenue, High Program Spending
EIN: 221763570 · Hoboken, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $5.6M |
| Program Spending | 89% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.9M |
| Transparency Score | 75/100 |
Is Church Towers Urban Renewal Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Church Towers Urban Renewal Corporation directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Church Towers Urban Renewal Corporation
Church Towers Urban Renewal Corporation (EIN: 221763570) is a nonprofit organization based in Hoboken, NJ. The organization reported total revenue of $5.7M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Church Towers Urban Renewal Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Church Towers Urban Renewal Corporation is a mid-size nonprofit that has been operating for 56 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.6M |
| Surplus / Deficit | $-490,182 |
| Total Assets | $2.5M |
| Total Liabilities | $661K |
| Net Assets | $1.9M |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 26.0% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2022, Church Towers Urban Renewal Corporation reported a deficit of $490K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 26.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Church Towers Urban Renewal Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +4.0% | +9.4% | -10.6% |
| 2021 | -5.5% | +2.0% | -5.7% |
| 2020 | +10.0% | +2.1% | +6.1% |
| 2019 | +0.7% | +1.9% | -6.7% |
| 2018 | +2.4% | +4.8% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1970 |
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 Church Towers Urban Renewal Corporation with a Mission Score of 75 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Church Towers Urban Renewal Corporation allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $490K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting either volunteer leadership or compensation is reported under other expense categories.
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 Church Towers Urban Renewal Corporation's IRS 990 filings:
- Consistent reporting of $0 executive compensation across all years may obscure actual leadership costs if compensation is categorized differently.
- Lack of detailed program descriptions and specific expense allocations makes it challenging to fully evaluate program effectiveness and impact.
Strengths
The following positive indicators were identified for Church Towers Urban Renewal Corporation:
- The organization demonstrates consistent revenue generation, with total revenue around $4.5M - $5M annually over the past several years.
- A high percentage of expenses appears to be allocated to program services, indicating a strong focus on its mission.
- The organization has maintained a stable asset base, with total assets consistently above $2.2M.
Frequently Asked Questions about Church Towers Urban Renewal Corporation
Is Church Towers Urban Renewal Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Church Towers Urban Renewal Corporation (EIN: 221763570) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Church Towers Urban Renewal Corporation spend its money?
Church Towers Urban Renewal Corporation directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Church Towers Urban Renewal Corporation tax-deductible?
Church Towers Urban Renewal Corporation is registered as a tax-exempt nonprofit (EIN: 221763570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Church Towers Urban Renewal Corporation CEO make?
Church Towers Urban Renewal Corporation's highest-compensated officer earns $0 annually. The organization reported $5.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Church Towers Urban Renewal Corporation's spending goes to programs?
Church Towers Urban Renewal Corporation directs 89% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Church Towers Urban Renewal Corporation located?
Church Towers Urban Renewal Corporation is headquartered in Hoboken, New Jersey and files with the IRS under EIN 221763570.
How many years of IRS 990 filings does Church Towers Urban Renewal Corporation have?
Church Towers Urban Renewal Corporation has 12 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 $5.7M in total revenue.
What does Church Towers Urban Renewal Corporation do?
Church Towers Urban Renewal Corporation is a nonprofit organization in the Unknown sector, located in Hoboken, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Church Towers Urban Renewal Corporation have?
Church Towers Urban Renewal Corporation reported total revenue of $5,683,834. Based on 12 IRS 990 filings on record.
What are Church Towers Urban Renewal Corporation's total assets?
Church Towers Urban Renewal Corporation holds total assets of $2,257,070 as reported in IRS 990 filings.
Where is Church Towers Urban Renewal Corporation located?
Church Towers Urban Renewal Corporation is based in Hoboken, New Jersey.
What is Church Towers Urban Renewal Corporation's EIN?
Church Towers Urban Renewal Corporation's Employer Identification Number (EIN) is 221763570. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Church Towers Urban Renewal Corporation?
Church Towers Urban Renewal Corporation is classified under NTEE code Unknown (Unknown).
Is Church Towers Urban Renewal Corporation a registered 501(c)(3)?
Church Towers Urban Renewal Corporation appears in IRS records (EIN: 221763570). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Church Towers Urban Renewal Corporation file IRS Form 990?
Yes, Church Towers Urban Renewal Corporation has 12 IRS Form 990 filings on record. The most recent covers tax period 202212.
What was Church Towers Urban Renewal Corporation's revenue in 2022?
In the 202212 filing period, Church Towers Urban Renewal Corporation reported total revenue of $5,066,094, total expenses of $5,556,276, and net assets of $2,545,897.
Is Church Towers Urban Renewal Corporation's revenue growing or declining?
Church Towers Urban Renewal Corporation's revenue is relatively stable. Revenue went from $4,869,210 (202112) to $5,066,094 (202212), a +4.0% change. Based on 12 filings on record.
What is Church Towers Urban Renewal Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Church Towers Urban Renewal Corporation covers tax period 202212. It shows revenue of $5,066,094, expenses of $5,556,276, total assets of $2,545,897, and liabilities of $660,757.
How much does Church Towers Urban Renewal Corporation spend on programs vs administration?
Based on IRS 990 analysis, Church Towers Urban Renewal Corporation allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Church Towers Urban Renewal Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Church Towers Urban Renewal Corporation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Church Towers Urban Renewal Corporation?
The following concerns were identified: Consistent reporting of $0 executive compensation across all years may obscure actual leadership costs if compensation is categorized differently.. Lack of detailed program descriptions and specific expense allocations makes it challenging to fully evaluate program effectiveness and impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Church Towers Urban Renewal Corporation's strengths?
Positive indicators for Church Towers Urban Renewal Corporation include: The organization demonstrates consistent revenue generation, with total revenue around $4.5M - $5M annually over the past several years.. A high percentage of expenses appears to be allocated to program services, indicating a strong focus on its mission.. The organization has maintained a stable asset base, with total assets consistently above $2.2M.. These findings are derived from AI analysis of the organization's financial filings.
How does Church Towers Urban Renewal Corporation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting either volunteer leadership or compensation is reported under other expense categories. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization attract and retain leadership, and where are leadership-related operational costs accounted for?
The consistent reporting of $0 for officer, director, trustee, and key employee compensation suggests that leadership may be entirely volunteer-based, or that compensation for leadership roles is embedded within other administrative or program expense categories, which would require further investigation to clarify.
What specific urban renewal programs does Church Towers Urban Renewal Corporation operate, and what are their measurable outcomes?
The provided data does not offer specific details on the urban renewal programs or their measurable outcomes. Further information from their annual reports or website would be necessary to understand their specific initiatives and impact.
Filing History
IRS 990 filing history for Church Towers Urban Renewal Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Church Towers Urban Renewal Corporation's revenue has grown by 17.5%, moving from $4.3M to $5.1M. Total assets decreased by 35.4% over the same period, from $3.9M to $2.5M. Total functional expenses rose by 28.2%, from $4.3M to $5.6M. In its most recent filing year (2022), Church Towers Urban Renewal Corporation reported a deficit of $490K, with expenses exceeding revenue. The organization holds $661K in liabilities against $2.5M in assets (debt-to-asset ratio: 26.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $5.1M | $5.6M | $2.5M | $661K | — | View 990 |
| 2021 | $4.9M | $5.1M | $2.8M | $472K | — | View 990 |
| 2020 | $5.1M | $5.0M | $3.0M | $436K | — | View 990 |
| 2019 | $4.7M | $4.9M | $2.8M | $432K | — | — |
| 2018 | $4.6M | $4.8M | $3.1M | $446K | — | View 990 |
| 2017 | $4.5M | $4.6M | $3.2M | $460K | — | View 990 |
| 2016 | $4.5M | $4.4M | $3.2M | $441K | — | View 990 |
| 2015 | $4.5M | $4.1M | $3.1M | $477K | — | View 990 |
| 2014 | $5.2M | $4.4M | $2.9M | $645K | — | View 990 |
| 2013 | $4.3M | $4.5M | $2.5M | $1.0M | — | View 990 |
| 2012 | $4.3M | $4.2M | $3.7M | $956K | — | View 990 |
| 2011 | $4.3M | $4.3M | $3.9M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $5.1M, expenses of $5.6M, and assets of $2.5M (revenue +4.0% year-over-year).
- 2021: Revenue of $4.9M, expenses of $5.1M, and assets of $2.8M (revenue -5.5% year-over-year).
- 2020: Revenue of $5.1M, expenses of $5.0M, and assets of $3.0M (revenue +10.0% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.9M, and assets of $2.8M (revenue +0.7% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.8M, and assets of $3.1M (revenue +2.4% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.6M, and assets of $3.2M (revenue +1.9% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.4M, and assets of $3.2M (revenue -0.7% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.1M, and assets of $3.1M (revenue -13.2% year-over-year).
- 2014: Revenue of $5.2M, expenses of $4.4M, and assets of $2.9M (revenue +18.8% year-over-year).
- 2013: Revenue of $4.3M, expenses of $4.5M, and assets of $2.5M (revenue +2.2% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.2M, and assets of $3.7M (revenue -1.3% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.3M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Church Towers Urban Renewal Corporation:
Data Sources and Methodology
This transparency report for Church Towers Urban Renewal 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.