United Nations Development Corporation
- Assets
- $182.1m
- Revenue
- $46.2m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 04/1969
- Data as of
- 12/2021
- 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 12/2021, United Nations Development Corporation employed 10 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 12/2021, United Nations Development Corporation generated $46.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $29.4m during the year ending 12/2021. 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert B Cole Executive Vice President | Officer | 40 | $250,549 |
Kenneth Coopersmith Vice President | Officer | 40 | $190,953 |
Jorge Ortiz Vp/controller | Officer | 40 | $179,108 |
Maria Loida Diaz DE Jesus Vice President | Officer | 40 | $119,630 |
Hui-Chen Liu Deputy Controller | 40 | $112,181 | |
Teresa Tang Senior Auditor | 40 | $111,393 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spacesmith Llp Construction Services | 12/30/21 | $121,800 |
Fried Frank Harris Shriver & Jacobson Legal Services | 12/30/21 | $299,806 |
Diaz Architects & Associates Pc Architectural Services | 12/30/21 | $118,844 |
Jaros Baum & Bolles Consulting Engineer Engineering Services | 12/30/21 | $104,050 |
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 | $40,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,700 |
| Total Program Service Revenue | $45,669,380 |
| Investment income | $532,987 |
| 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 | $46,243,067 |
| 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. | $1,029,318 |
| Compensation of current officers, directors, key employees. | $1,029,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,357 |
| Pension plan accruals and contributions | $108,567 |
| Other employee benefits | $425,725 |
| Payroll taxes | $84,891 |
| Fees for services: Management | $158,115 |
| Fees for services: Legal | $470,755 |
| Fees for services: Accounting | $51,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,298 |
| Fees for services: Other | $3,204,466 |
| Advertising and promotion | $0 |
| Office expenses | $125,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,915,509 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $373,776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,511,370 |
| Insurance | $1,117,065 |
| All other expenses | $0 |
| Total functional expenses | $29,383,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $58,265,555 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,825,327 |
| 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 | $5,431,882 |
| Net Land, buildings, and equipment | $43,584,935 |
| Investments—publicly traded securities | $44,203,398 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,776,606 |
| Total assets | $182,088,403 |
| Accounts payable and accrued expenses | $4,375,934 |
| Grants payable | $0 |
| Deferred revenue | $1,090,592 |
| Tax-exempt bond liabilities | $36,429,247 |
| 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 | $40,038 |
| Total liabilities | $41,935,811 |
| 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 | $126,380,842 |
| Retained earnings, endowment, accumulated income, or other funds | $13,771,750 |
| Total liabilities and net assets/fund balances | $182,088,403 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that United Nations Development Corporation has recieved totaling $608,500.
| Awarding Organization | Amount |
|---|---|
One Earth Philanthropy Culver City, CA PURPOSE: PROJECT SUPPORT FOR MAPPING NATURE FOR PEOPLE AND PLANET | $500,000 |
Vital Strategies Inc New York, NY PURPOSE: DATA FOR HEALTH | $98,500 |
David & Sondra Family Foundation Inc Fort Lee, NJ PURPOSE: EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Nations Development Corporation New York, NY | $182,088,403 | $46,243,067 |
Foundation For The Global Compact New York, NY | $22,314,213 | $26,902,167 |
World Federation Of United Nations Associations New York, NY | $363,981 | $1,315,659 |
Millennium World Peace Summit Inc New York, NY | $1,210,826 | $3,249,326 |
Soka Gakkai International Office For Un Affairs Corporation New York, NY | $742,520 | $1,500,126 |
United Nations Association Of Great Er Boston Inc Boston, MA | $740,109 | $553,165 |
Yale International Relations Inc New Haven, CT | $233,638 | $188,345 |
Hospitality Committee For United Nations Delegations Inc New York, NY | $685,878 | $30,194 |
Eugene Malcolm Palmer Endowment Tr Uw Fd 20-0756 Pittsburgh, PA | $964,814 | $2,522 |
Us National Committee For Un Women Brooklyn, NY | $5,019 | $0 |
Ngodpi Executive Committee Affiliated With United Nations New York, NY | $32,725 | $21,019 |
United Nations Association Of Rochester Rochester, NY | $33,109 | $0 |