Urban Resources Development Corporation
- Assets
- $249.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1985
- Data as of
- 12/2022
- EIN
- 23-2017912
Organization Overview
Urban Resources Development Corporation, operating under the name Urdc, is located in Philadelphia, PA. The organization was established in 1985. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urdc 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 12/2022, Urdc generated $104.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $97.3k during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION CONTINUES PROGRAM FOR REPAIR OF OWNER-OCCUPIED HOMES, ASSISTING LOW INCOME & ELDERLY HOMEOWNERS REQUIRING REPAIRS TO THEIR HOMES. ALSO PROVIDES (2) RENTAL PROPERTIES TO LOW-INCOME TENANTS. NET RENTS PROVIDE FUNDING FOR REPAIR PROGRAM.
Describe the Organization's Program Activity:
Part 3
THE OWNER-OCCUPIED REPAIR PROGRAM (OORP) ASSISTS LOW AND MODERATE INCOME AND/OR SENIOR HOMEOWNERS IN OBTAINING FUNDING TO DO THE NEEDED EXTERIOR REPAIRS ON THEIR HOMES. THIS IS DONE THROUGH A GRANT FOR THOSE WHO NEED ADDITIONAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Boyd Jr Board President | 1 | $0 | |
Joseph Leube Treasurer | 2 | $0 | |
Dan Rhoton Secretary | 2 | $0 | |
Joseph Waldo Executive Director | 4 | $6,573 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,235 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,414 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,649 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,887 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $20 |
| Other expenses | $80,440 |
| Total expenses | $97,347 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $193,545 |
| Other assets | $0 |
| Total assets | $249,514 |
| Total liabilities | $0 |
| Net assets or fund balances | $249,514 |