UNIVERSITY AREA COMMUNITY DEVELOPMENT CORPORATION INC

EIN: 311624121 501(c)(3) Community Improvement

TAMPA, FL

Total Revenue
$7,001,347
Total Expenses
$6,281,719
Total Assets
$12,220,702
Net Assets
$9,696,802
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
FL
Principal Officer
SARAH COMBS
Phone
8135585212
Tax Period
2023-10-01 to 2024-09-30

UNIVERSITY AREA COMMUNITY DEVELOPMENT CORPORATION INC, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $7.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $6.3M left a modest 10% surplus.

Mission

THE UNIVERSITY AREA CDC'S NEIGHBORHOOD TRANSFORMATION STRATEGY (NTS) FOLLOWS A COMMUNITY DEVELOPMENT MODEL THAT EFFECTIVELY SUPPORTS UNIVERSITY AREA RESIDENTS BY IMPLEMENTING NINE INITIATIVES AIMED AT IMPROVING THEIR ECONOMIC AND SOCIAL CONDITIONS. OUR HOLISTIC APPROACH ENGAGES AND EMPOWERS MEMBERS OF THIS LOWINCOME COMMUNITY BY INCLUDING THEM IN THE PROCESS OF CREATION, IMPLEMENTATION, AND MANAGEMENT OF THIS TRANSFORMATION PLAN. WE BELIEVE THAT BY PROVIDING THE ESSENTIAL TOOLS AND SUPPORT, WE WILL ENABLE RESIDENTS TO BECOME CHANGE AGENTS FOR THEIR NEIGHBORHOOD AND ATTAIN BETTER JOBS, BETTER HEALTH, AND BETTER FUTURES FOR THEIR CHILDREN. OVERALL, BETWEEN 50% AND 75% OF UNIVERSITY AREA RESIDENTS ARE CLASSIFIED AS HAVING LOW-TO-MODERATE INCOME. THEIR PER CAPITA INCOME HAS NOT SIGNIFICANTLY INCREASED DURING THE PAST FEW YEARS; JOBLESSNESS REMAINS HIGHER HERE THAN IN HILLSBOROUGH COUNTY OVERALL; AND MANY COMMUNITY MEMBERS HAVE NO RELIABLE MEANS OF TRANSPORTATION. THESE ECONOMIC CONDITIONS CREATE FURTHER PROBLEMS FOR THE AREA - IMPACTING HEALTH, EDUCATION, AND HOUSING. THE NEIGHBORHOOD TRANSFORMATION STRATEGY, THROUGH ITS NINE STRATEGIES, IS FOCUSED ON PROGRAMS THAT ADDRESS THESE ISSUES AND SEEK TO IMPROVE THE ECONOMIC AND SOCIAL CONDITIONS OF UNIVERSITY AREA RESIDENTS. THE NINE NTS INITIATIVES INCLUDE: HARVEST HOPE PARK; COMMUNITY SAFETY ACTION; COMMUNITY OUTREACH; HARVEST HOPE PROPERTIES; LAND BANKING; HARVEST HOPE CAMPUS; NEIGHBORHOOD SURVEY, COMMUNITY INFRASTRUCTURE AND UNIVERSITY AREA PARTNERS COLLECTIVE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,734,778
Program Service Revenue $2,230,113
Investment Income $48,744
Other Revenue $-12,288
TOTAL REVENUE $7,001,347

Expense Breakdown

Grants Paid $432,390
Salaries & Benefits $3,311,243
Fundraising Expenses $293,347
Program Expenses $5,263,039
Other Expenses $2,538,086
TOTAL EXPENSES $6,281,719

Year-over-Year Comparison

2023 2022 Change
Revenue $7,001,347 $6,173,158 +0.1%
Expenses $6,281,719 $6,499,617 0.0%
Net Income $719,628 $-326,459 -3.2%
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
20
Independent Members
20
Employees
62
Volunteers
10000

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
8
$366,416
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ERIC EISENBERG CHAIRMAN 10.00
Officer Director
$0 $0 $0
LEON PAGE VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
FRANCIS JOSEPH TREASURER 5.00
Officer Director
$0 $0 $0
DARLENE STAUNKO SECRETARY 5.00
Officer Director
$0 $0 $0
TONY COLEMAN DIRECTOR/IMM. PAST CHAIRMA 2.00
Officer Director
$0 $0 $0
VICTOR CRIST CHAIRMAN EMERITUS 2.00
Officer Director
$0 $0 $0
GENE MARSHALL DIRECTOR 2.00
Director
$0 $0 $0
JON DENGLER DIRECTOR 2.00
Director
$0 $0 $0
JULIA SAFINA DIRECTOR 2.00
Director
$0 $0 $0
KENNETH JONES DIRECTOR 2.00
Director
$0 $0 $0
MAJOR JAMES JACKSON DIRECTOR 2.00
Director
$0 $0 $0
MARK DOWNING DIRECTOR 2.00
Director
$0 $0 $0
MARK SHARPE DIRECTOR 2.00
Director
$0 $0 $0
NEALY WHEAT DIRECTOR 2.00
Director
$0 $0 $0
NOEMI CRUZ DIRECTOR 2.00
Director
$0 $0 $0
PAMELA HATLEY DIRECTOR 2.00
Director
$0 $0 $0
PATRICE GINGRAS DIRECTOR 2.00
Director
$0 $0 $0
ROSS FABAIN DIRECTOR 2.00
Director
$0 $0 $0
TONY SADIKU DIRECTOR 2.00
Director
$0 $0 $0
TYSON DAVIS DIRECTOR 2.00
Director
$0 $0 $0
SARAH COMBS EXECUTIVE DIRECTOR/ CEO 50.00
Officer
$238,773 $7,163 $245,936
ROB ZIMPRICH CFO 50.00
Officer
$113,351 $7,129 $120,480
JAREE ERVIN CHIEF DEVELOPMENT OFFICER 50.00
Highest
$101,113 $4,617 $105,730
BREE LUCKIE CHIEF COMMUNICATION OFFICER 50.00
Highest
$102,010 $3,495 $105,505
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
2024 $7,001,347 $6,281,719 $12,220,702 $719,628
2023 $6,173,158 $6,499,617 $12,292,443 $-326,459
2022 $6,119,528 $5,800,223 $12,105,993 $319,305
2021 $5,875,333 $5,635,628 $12,749,613 $239,705
2020 $5,423,309 $5,333,469 $11,864,814 $89,840
2019 $5,763,132 $5,508,805 $11,520,805 $254,327
2018 $4,186,178 $4,598,904 $10,987,703 $-412,726
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