The Utica Center For Development
- Assets
- $4.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Utica, NY
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-2017327
Organization Overview
The Utica Center For Development is located in Utica, NY. The organization was established in 2009. 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 12/2021, Utica Center For Development employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utica Center For Development 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, Utica Center For Development generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 14.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE VETERAN'S QUALITY OF LIFE BY PROVIDING SUPPORTIVE COMPREHENSIVE SERVICES TO ALL VETERANS IN NEED SO THEY MAY SUCCESFULLY INTEGRATE BACK INTO THE SOCIETY TO WHICH THEY SERVED, CONSEQUENTLY ENHANCING THE SURROUNDING COMMUNITIES. WE WILL DEVOTE OUR TIME TO ASSIST VETERANS IN MULTIFACETED WAYS THROUGH STRONG COLLABORATION AND DEDICATION OF THE PROFESSIONALS INVOLVED SO THAT GROWTH WILL OCCUR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL NEW YORK VETERAN'S OUTREACH CENTER. SERVICES VETERANS IN NEED OF ASSISTANCE WITH HOUSING AND VARIOUS OTHER ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Scalise Executive Director | Officer | 30 | $50,000 |
Wesley Roberts Chairperson | OfficerTrustee | 1 | $0 |
Tom Marrotta Sr Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Szlek Secretary | OfficerTrustee | 1 | $0 |
Willie Wilson Director | Trustee | 1 | $0 |
Ernest Durse Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $861,090 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,066,769 |
| Total Program Service Revenue | $0 |
| Investment income | $500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,355,029 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $24,500 |
| Compensation to disqualified persons | $485,679 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,749 |
| Payroll taxes | $63,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,252 |
| Advertising and promotion | $25,412 |
| Office expenses | $26,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,357 |
| Travel | $23,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,202 |
| Insurance | $66,545 |
| All other expenses | $16,380 |
| Total functional expenses | $1,445,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,398 |
| Savings and temporary cash investments | $56,920 |
| Pledges and grants receivable | $52,292 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,683,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $974 |
| Total assets | $4,865,788 |
| Accounts payable and accrued expenses | $45,088 |
| 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 | $622,500 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $692,588 |
| Net assets without donor restrictions | $497,917 |
| Net assets with donor restrictions | $3,675,283 |
| 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 | $4,865,788 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Utica Center For Development has recieved totaling $1,540.
| Awarding Organization | Amount |
|---|---|
Bank Of Utica Foundation Inc Utica, NY PURPOSE: GENERAL | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |