St John Urban Development Corp
- Assets
- $8.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Stamford, CT
- Founding
- 01/1973
- Data as of
- 06/2024
- EIN
- 06-0834802
Organization Overview
St John Urban Development Corp is located in Stamford, CT. The organization was established in 1973. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, St John Urban Development Corp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St John Urban Development Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, St John Urban Development Corp generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
RENTAL OF HOUSING TO LOWER AND MODERATE INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF HOUSING TO LOWER AND MODERATE INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Summerville Treasurer | OfficerTrustee | 0 | $0 |
Elizabeth Ryan Lane President | OfficerTrustee | 0 | $0 |
John P Regan Director | OfficerTrustee | 0 | $0 |
Virginia Fox Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,873,404 |
| Investment income | $60,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,975,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,522 |
| Payroll taxes | $33,597 |
| Fees for services: Management | $223,215 |
| Fees for services: Legal | $80,581 |
| Fees for services: Accounting | $28,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $549,155 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,156 |
| Insurance | $172,845 |
| All other expenses | $50,204 |
| Total functional expenses | $2,983,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,141 |
| Savings and temporary cash investments | $4,804,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,942 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $234,830 |
| Net Land, buildings, and equipment | $2,074,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,187 |
| Other assets | $776,028 |
| Total assets | $8,396,971 |
| Accounts payable and accrued expenses | $87,279 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,108,475 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $258,950 |
| Total liabilities | $1,454,704 |
| Net assets without donor restrictions | $6,942,267 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,396,971 |