UNIVERSAL HOUSING DEVELOPMENT CORPORATIO

EIN: 237416304 501(c)(3) Housing & Shelter

RUSSELLVILLE, AR

Total Revenue
$1,958,451
Total Expenses
$1,840,400
Total Assets
$6,727,736
Net Assets
$4,511,564
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
AR
Principal Officer
TIFFANIE WOOD
Phone
4799685001
Tax Period
2024-07-01 to 2025-06-30

UNIVERSAL HOUSING DEVELOPMENT CORP, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2017. Net assets of $4.1M represent 30 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING AND HOUSING ASSISTANCE TO ELIGIBLE FAMILIES IN CENTRAL AND WESTERN ARKANSAS THROUGH A VARIETY OF PROGRAMS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,256,662
Program Service Revenue $625,516
Investment Income $61,319
Other Revenue $14,954
TOTAL REVENUE $1,958,451

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,002,365
Fundraising Expenses $0
Program Expenses $1,467,199
Other Expenses $838,035
TOTAL EXPENSES $1,840,400

Year-over-Year Comparison

2024 2023 Change
Revenue $1,958,451 $1,771,183 +0.1%
Expenses $1,840,400 $1,966,883 -0.1%
Net Income $118,051 $-195,700 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
20
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$167,357
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDGE JIMMY HART MEMBER 1.00
Director
$0 $0 $0
JOHNNIE CAROLINA MEMBER 1.00
Director
$0 $0 $0
JUDGE RICKEY BOWMAN MEMBER 1.00
Director
$0 $0 $0
STEVE HUBBARD MEMBER 1.00
Director
$0 $0 $0
MARK THONE MEMBER 1.00
Director
$0 $0 $0
CHRIS GEORGE MEMBER 1.00
Director
$0 $0 $0
KAY DAUGHERTY PRESIDENT 1.00
Officer
$0 $0 $0
WILLIE BRAXTON SECRETARY/TREASURER 1.00
Officer
$0 $0 $0
ALEAH DAVIS VICE PRESIDENT 1.00
Officer
$0 $0 $0
BEVERLY MASSEY EXECUTIVE DIRECTOR 40.00
Officer
$84,231 $5,034 $89,265
BILL TUCKER ASSISTANT DIRECTOR 40.00
Officer
$75,094 $2,998 $78,092
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,958,451 $1,840,400 $6,727,736 $118,051
2024 $1,771,183 $1,966,883 $6,851,893 $-195,700
2023 $1,919,511 $1,699,739 $7,089,303 $219,772
2022 $1,746,662 $1,677,403 $5,289,715 $69,259
2021 $1,941,747 $1,913,280 $5,259,130 $28,467
2020 $2,027,473 $2,008,400 $5,245,583 $19,073
2019 $2,139,801 $2,013,576 $5,319,006 $126,225
2018 $1,660,906 $1,747,455 $5,674,664 $-86,549
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