Urban Economic Development

Overview

Urban Economic Development is a nonprofit organization focused on facilitating community and economic development. It is recognized for its contributions to urban economic development and serves as a critical institution in community improvement and capacity building.

Purpose and Activities

The organization is categorized under the National Taxonomy of Exempt Entities (NTEE) as Community Improvement, and Urban, Community Economic Development. It aims to develop and revitalize communities, promoting economic vitality and sustainability.

Key activities include supporting sustainable homeownership, affordable housing, and financial empowerment. The organization participates in initiatives such as financial education and homeownership resources, enhancing community engagement through various programs like the Emerging Topics Series.

Programs and Initiatives

• Bank On Greater Milwaukee: This program focuses on creating financially healthy communities by providing banking access and financial counseling services. It has partnered with several local financial institutions to enhance financial inclusion.
• Take Root Milwaukee: The program supports homeownership by providing resources for home buying, repair, and preservation. It also advocates for additional down payment assistance in local budgets.

Financial Information

Urban Economic Development primarily relies on contributions for its revenue, with a significant portion dedicated to salaries and wages, and a smaller portion to executive compensation. It maintains a robust asset base, reflecting its financial stability.

Leadership and Governance

The organization operates under the guidance of its board members and directors, who play a crucial role in shaping its mission and strategies.