University Community Development Corporation Inc
- Assets
- $1.0m
- Revenue
- $230.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 58-1827811
Organization Overview
University Community Development Corporation Inc is located in Atlanta, GA. The organization was established in 1989. 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. University Community Development Corporation 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, University Community Development Corporation Inc generated $230.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $91.7k 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
PROVIDE HOUSING FOR LOW- AND MODERATE-INCOME HOUSEHOLDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS INCEPTION, UCDC HAS CONSTRUCTED OR RENOVATED OVER 55 HOMES WITHIN ITS TARGET AREA. THE ORGANIZATION HAS SUCCESSFULLY COORDINATED THE INSTALLATION OF PUBLIC SAFETY INFRASTRUCTURE, FACILITATED HOMEOWNERSHIP TRAINING, AND SUPPORTED COMMUNITY ORGANIZATIONS. IN 2021, UCDC ACQUIRED A 0.75 ACRE VACANT PARCEL FROM JP MORGAN CHASE. THE ORGANIZATION CONTINUED THE PROCESS OF DISPOSING ITS REAL ESTATE PORTFOLIO TO OTHER ORGANIZATIONS COMMITTED TO THE PRESERVATION OF AFFORDABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamala Fortson Treasurer | OfficerTrustee | 4 | $0 |
Arthur E Frazier Board Chair | OfficerTrustee | 4 | $0 |
Marilyn Davis Secretary | OfficerTrustee | 4 | $0 |
Andre Bertrand Vice Chair | OfficerTrustee | 4 | $0 |
Alica J Bates Board Member | Trustee | 2 | $0 |
Jerry Tacuma Brown Board Member | Trustee | 2 | $0 |
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 | $227,576 |
| Noncash contributions included in lines 1a–1f | $75,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,576 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,046 |
| 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 | $230,625 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $26,910 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,678 |
| All other expenses | -$340 |
| Total functional expenses | $91,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,500 |
| 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 | $844,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,000,262 |
| Accounts payable and accrued expenses | $23,105 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,548 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,109,217 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,616 |
| Total liabilities | $1,189,486 |
| Net assets without donor restrictions | -$189,224 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,000,262 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that University Community Development Corporation Inc has recieved totaling $17,400.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $6,200 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $6,200 |
Social Current Inc Milwaukee, WI PURPOSE: ARAMARK BUILDING COMMUNITY INITIATIVE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Macon Program For Progress Inc Franklin, NC | $4,140,182 | $6,952,364 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |
Orpheum Theatre Group Memphis, TN | $37,801,412 | $4,089,220 |
Lowcountry Community Action Agency 807 Hampton Walterboro, SC | $2,100,801 | $6,798,498 |
South Carolina Association Of Community Action Partnerships Columbia, SC | $5,897,085 | $5,969,742 |
St James Plantation Property Owners Association Inc Southport, NC | $7,137,259 | $6,065,011 |