St John Urban Development Corp
- Assets
- $8.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Stamford, CT
- Founding
- 01/1973
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, St John Urban Development Corp generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING TO LOWER INCOME FAMILIES AND URBAN DEVELOPMENT OF THE SORROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OH HOUSING TO LOWER AND MODERATE INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Summerville Mcallister Secretary And Director | OfficerTrustee | 0 | $0 |
Michael Guarnieri Treasurer And Director | OfficerTrustee | 0 | $0 |
John P Regan Chairman And Director | OfficerTrustee | 0 | $0 |
Salvatore Cingari Director | Trustee | 0 | $0 |
Rt Reverend Stephen M Gigiovanni Director Emeritus | Trustee | 0 | $0 |
Elizabeth Ryan Lane 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 | $3,124,132 |
| Investment income | $3,906 |
| 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 | $3,156,353 |
| 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 | $379,845 |
| Pension plan accruals and contributions | $3,543 |
| Other employee benefits | $62,076 |
| Payroll taxes | $29,864 |
| Fees for services: Management | $236,911 |
| Fees for services: Legal | $22,053 |
| Fees for services: Accounting | $27,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,280 |
| Advertising and promotion | $0 |
| Office expenses | $5,857 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $628,120 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,503 |
| Insurance | $144,371 |
| All other expenses | $47,755 |
| Total functional expenses | $2,397,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,705 |
| Savings and temporary cash investments | $4,618,072 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,317 |
| 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 | $105,998 |
| Net Land, buildings, and equipment | $2,182,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,425 |
| Other assets | $1,209,906 |
| Total assets | $8,455,804 |
| Accounts payable and accrued expenses | $88,472 |
| 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 | $1,744,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $214,516 |
| Total liabilities | $2,047,832 |
| Net assets without donor restrictions | $6,407,972 |
| 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 | $8,455,804 |
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Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |