Universal Housing Development Corp
- Assets
- $5.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Russellville, AR
- Founding
- 12/1974
- Data as of
- 06/2022
- EIN
- 23-7416304
Organization Overview
Universal Housing Development Corp is located in Russellville, AR. The organization was established in 1974. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Universal Housing Development Corp employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universal Housing Development Corp 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 06/2022, Universal Housing Development Corp generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 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
AFFORDABLE HOUSING ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECTION 8, 202 AND RURAL DEVELOPMENT 515 HOUSING ASSISTANCE PROVIDES FOR HOUSINGASSISTANCE PAYMENTS ON BEHALF OF ELIGIBLE TENANTS TOPROVIDE SAFE, DECENT & SANITARY HOUSING. 4250 CLIENTS WERE ASSISTED THROUGH THIS PROGRAM.
SELF HELP AND REHAB HOUSING PROVIDES TECHNICAL AND SUPERVISORYASSISTANCE THAT WILL AID NEEDY VERY LOW AND LOWINCOME FAMILIES IN BUILDING HOUSES. 21 CLIENTSWERE ASSISTED BY THIS PROGRAM.
OTHER HOUSING PROGRAMS DESIGNED TO ASSIST FAMILIES IN OBTAINING AFFORDABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Massey Executive Director CFO | Officer | 40 | $76,030 |
Bill Tucker Assistant Director | Officer | 40 | $71,859 |
Chris George President | Officer | 0 | $0 |
Aleah Davis Secretary Treasurer | Officer | 0 | $0 |
Miriam Zapien Vice President | Officer | 0 | $0 |
Steve Hubbard Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,221,398 |
| 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 | $1,221,398 |
| Total Program Service Revenue | $452,468 |
| Investment income | $30,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,746,662 |
| 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. | $147,889 |
| Compensation of current officers, directors, key employees. | $76,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $615,551 |
| Pension plan accruals and contributions | $62,785 |
| Other employee benefits | $128,473 |
| Payroll taxes | $61,316 |
| Fees for services: Management | $54,032 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,326 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,249 |
| Travel | $19,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,285 |
| Interest | $22,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,306 |
| Insurance | $53,881 |
| All other expenses | $0 |
| Total functional expenses | $1,677,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,418 |
| Savings and temporary cash investments | $1,692,145 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $938,379 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,589 |
| Net Land, buildings, and equipment | $1,915,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $394,899 |
| Intangible assets | $0 |
| Other assets | $120,000 |
| Total assets | $5,289,715 |
| Accounts payable and accrued expenses | $66,562 |
| 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 | $828,264 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,448 |
| Total liabilities | $920,274 |
| Net assets without donor restrictions | $4,315,621 |
| Net assets with donor restrictions | $53,820 |
| 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 | $5,289,715 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Universal Housing Development Corp has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Alamo Area Mutual Housing Association Inc San Antonio, TX | $51,706,215 | $15,020,368 |
Community Development Corporation Of Brownsville Inc Brownsville, TX | $63,084,439 | $14,190,282 |
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |
Dallas Neighborhood Alliance For Habitat Dallas, TX | $1,401,689 | $4,975,573 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
Equity Homes Saint Louis, MO | $10,741,730 | $5,549,027 |
Affordable Community Housing Trust Edmond, OK | $6,149,448 | $2,689,134 |
Lago De Plata Inc Dallas, TX | $0 | $4,971,984 |
St Jude Inc Dallas, TX | $20,844,887 | $6,967,988 |