Urban Development Foundation Inc
- Assets
- $94.2k
- Revenue
- $27.5k
- Investments
- $23.7k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 23-7028475
Organization Overview
Urban Development Foundation Inc is located in Dallas, TX. The organization was established in 1990. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Urban Development Foundation Inc 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, Urban Development Foundation Inc generated $27.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $18.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Urban Development Foundation Inc has awarded 20 individual grants totaling $299,275. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO BRIARCLIFF APARTMENTS, A NON-PROFIT APARTMENT COMPLEX DEDICATED TO LOW-INCOME HOUSING. EIGHTY UNITS ARE AVAILABLE FOR THIS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Jackson Manager, VP | 5 | $0 | |
Susan Jackson Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,145 |
| Interest on Savings | $118 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,275 |
| Total Revenue | $27,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $5,133 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,570 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $322 |
| Total operating and administrative expenses | $8,475 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $18,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,850 |
| Savings and temporary cash investments | $28,328 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $16,360 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,685 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $94,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Urban Development Foundation Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF FORT WORTH PURPOSE: IN MEMORY OF SALLY JACKSON TOBIN | $5,000 |
TEXAS HEALTH RESOURCES PURPOSE: IN MEMORY OF SALLY JACKSON TOBIN | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centro Public Improvement District San Antonio, TX | $1,647,971 | $6,189,889 |
Maple Avenue Economic Development Corporation Of Dallas Dallas, TX | $11,933,705 | $3,299,961 |
White River Planning & Development Dist Inc Batesville, AR | $13,868,468 | $4,307,468 |
Covenant Community Capital Corporation Houston, TX | $9,362,906 | $2,210,165 |
Metafund Corporation Edmond, OK | $30,699,805 | $2,775,325 |
Sfs Development Inc Oklahoma City, OK | $22,888,253 | $6,807,080 |
Divinc Austin, TX | $1,242,173 | $2,296,391 |
The Pyramid Community Development Corporation Houston, TX | $3,288,918 | -$1,072,522 |
Technology & Entrepreneurship Center Of Houston Inc Houston, TX | $3,649,151 | $380,691 |
Regional Community Finance Inc New Orleans, LA | $27,779,646 | $1,353,772 |
Duncan Area Economic Development Foundation Duncan, OK | $17,794,309 | $1,169,335 |
Austin Revitalization Authority Austin, TX | $2,910,002 | $1,225,921 |