Ulgm Real Estate Holdings Inc
Public records raise at least one point you should look into before giving.
What it says it does
TO HOLD TITLE TO PROPERTY (BLACK BUSINESS HUB), COLLECT INCOME THEREFROM, AND TURN THE ENTIRE AMOUNT, LESS EXPENSES, TO THE URBAN LEAGUE OF GREATER MADISON, INC.
- Income
- $2.3 million
- Spending
- $484,515
- Employees
- 0
- Volunteers
- 4
- Highest pay
- $263,184, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- ULGM REAL ESTATE HOLDINGS, INC (ULGMREH). OWNS THE NEW URBAN LEAGUE BLACK BUSINESS HUB (THE HUB), AND MASTER LEASES THE BUILDING BACK TO URBAN LEAGUE OF GREATER MADISON, INC (ULGM). THE HUB IS AN 80,000 SQUARE FOOT BUILDING LOCATED ON PROMINENTLY AT ONE OF THE GATEWAY'S INTO DOWNTOWN MADISON AND THE UNIVERSITY OF WISCONSIN'S FLAGSHIP CAMPUS, BUT ALSO CONVERSELY IN A "SEVERELY DISTRESSED" CENSUS TRACT THAT HAS EXPERIENCED DECADES OF UNDER-INVESTMENT. THE HUB IS BOTH A PHYSICAL BUILDING AND AN ECOSYSTEM OF SUPPORTS FOR SMALL BUSINESSES AND EMERGING ENTREPRENEURS. CONSTRUCTION BEGAN IN APRIL OF 2022. THE BUILDING HAS AN UNPRECEDENTED MIX OF SPACES INCLUDING OFFICE SUITES FOR MISSION ALIGNED BUSINESS DEVELOPMENT AGENCIES AND COWORKING SPACES, EDUCATION AND EVENT SPACES, COMMERCIAL COOKING SPACES, POP-UP MARKET SPACES, AND RETAIL SPACES AVAILABLE AT DISCOUNTED RENTS FOR SMALL BUSINESSES AND EMERGING ENTREPRENEURS. SPACES IN THE BUILDING WERE CONTINUE TO BE BUILT OUT TO TENANT SPECIFICATIONS THROUGH 2024, WITH APPROXIMATELY 10,000 SQUARE FEET OF SPACE REMAINING TO BE BUILT AND/OR LEASED AS OF DECEMBER 31, 2024. THE BUILDING ALSO INCLUDES SPACES USED FOR A WIDE VARIETY OF SMALL BUSINESS DEVELOPMENT PROGRAMING INCLUDING GROUP EDUCATION CLASSES, COACHING AND MENTORING SERVICES, COMMUNITY ENGAGEMENT ACTIVITIES, PROGRAMS TO HELP EMERGING BUSINESSES ACCESS CAPITAL, AND MUCH MORE. AS OF THE END OF 2024, NEARLY 200 BUSINESSES HAD PARTICIPATED IN ULGM PROGRAMS, MORE THAN 600 CLASSES, MEETINGS, AND EVENTS WERE HELD IN THE BUILDING, MORE THAN $500,000 IN DISCOUNTED RENT WAS PROVIDED, AND THE ULGM PROVIDES OVER $1,100,000 OF LOANS AND GRANTS TO SUPPORT THESE BUSINESSES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(2) title-holding corporation.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(2) title-holding corporation as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.