United Nations Development Corporation
- Assets
- $206.6m
- Revenue
- $44.3m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 04/1969
- Data as of
- 12/2023
- EIN
- 13-2626199
Organization Overview
United Nations Development Corporation is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (Q42) the organization is classified as: United Nations Associations, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, United Nations Development Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Nations Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, United Nations Development Corporation generated $44.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $35.0m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WAS CREATED FOR THE PURPOSE OF PLANNING AND DEVELOPING FACILITIES FOR UNITED NATIONS-RELATED ACTIVITIES WITHIN A DEFINED "UNITED NATIONS DEVELOPMENT DISTRICT" ADJACENT TO THE UNITED NATIONS HEADQUARTERS IN NEW YORK CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING OPERATIONS - PROVIDE NEEDED FACILITIES FOR THE U.N. COMMUNITY IN NEW YORK CITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adolfo Carrion Jr Director | Trustee | 1 | $0 |
Amabel B James Director | Trustee | 1 | $0 |
Andy K Shenoy Director | Trustee | 1 | $0 |
Christine Falvo Director | Trustee | 1 | $0 |
Daniel Garodnick Director | Trustee | 1 | $0 |
David Mack Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cauldwell Wingate Company Llc Construction Services | 12/30/23 | $1,488,786 |
Spacesmith Llp Construction Architectural Serv. | 12/30/23 | $557,484 |
Lamont Financial Services Financial Consulting Services | 12/30/23 | $486,538 |
Fried Frank Harris Shriver & Jacobson Legal Consulting Services | 12/30/23 | $1,174,505 |
Related Services Llc Construction Services | 12/30/23 | $479,777 |
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 | $39,927,708 |
| Investment income | $4,058,024 |
| 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 | $44,335,269 |
| 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. | $1,172,920 |
| Compensation of current officers, directors, key employees. | $1,172,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,410 |
| Pension plan accruals and contributions | $102,167 |
| Other employee benefits | $381,239 |
| Payroll taxes | $92,071 |
| Fees for services: Management | $160,485 |
| Fees for services: Legal | $2,569,446 |
| Fees for services: Accounting | $54,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,990 |
| Fees for services: Other | $3,475,633 |
| Advertising and promotion | $0 |
| Office expenses | $143,406 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,335,153 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $369,002 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,850,627 |
| Insurance | $1,299,552 |
| All other expenses | $0 |
| Total functional expenses | $34,990,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231 |
| Savings and temporary cash investments | $5,201,852 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,719,811 |
| 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 | $6,832,609 |
| Net Land, buildings, and equipment | $43,782,313 |
| Investments—publicly traded securities | $69,422,225 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,675,125 |
| Total assets | $206,634,166 |
| Accounts payable and accrued expenses | $9,647,447 |
| Grants payable | $0 |
| Deferred revenue | $981,615 |
| Tax-exempt bond liabilities | $23,233,092 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,829,643 |
| Total liabilities | $41,691,797 |
| Net assets without donor restrictions | $0 |
| 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 | $150,887,869 |
| Retained earnings, endowment, accumulated income, or other funds | $14,054,500 |
| Total liabilities and net assets/fund balances | $206,634,166 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For The Global Compact New York, NY | $30,561,686 | $49,192,444 |
United Nations Development Corporation New York, NY | $206,634,166 | $44,335,269 |
Youth For A Better World Inc New York, NY | $4,221,249 | $3,125,584 |
Soka Gakkai International Office For Un Affairs Corporation New York, NY | $927,256 | $1,500,113 |
World Federation Of United Nations Associations New York, NY | $219,882 | $1,232,525 |
Millennium World Peace Summit Inc New York, NY | $1,210,826 | $3,249,326 |
United Nations Association Of Great Er Boston Inc Boston, MA | $559,599 | $487,997 |
Yale International Relations Inc New Haven, CT | $177,142 | $468,664 |
Hospitality Committee For United Nations Delegations Inc New York, NY | $606,587 | $189,457 |
Us National Committee For Un Women Brooklyn, NY | $5,019 | $0 |
United Nations Association Of Rochester Rochester, NY | $48,382 | $0 |
Ngodpi Executive Committee Affiliated With United Nations New York, NY | $32,725 | $21,019 |
Cathay Eternal Life Charity Foundation Corp Flushing, NY | $2,356 | $0 |