Urban Development Corporation (EIN 363132762) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

Alivn Robinson President

Tax Period

2023-01-01 to 2023-12-31

Urban Development Corporation, founded in 1980, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023.

Mission

Providing housing and social services to low income elderly and disabled individuals

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,240,879

Investment Income $129

Other Revenue $2,995

TOTAL REVENUE $1,244,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,505

Fundraising Expenses $0

Program Expenses $1,297,322

Other Expenses $914,817

TOTAL EXPENSES $1,297,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,244,003	$1,194,928	+0.0%
Expenses	$1,297,322	$1,344,997	0.0%
Net Income	$-53,319	$-150,069	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C Lyte	President	4	Officer Director	$0	$0	$0
E Ortiz	Treasurer	1	Officer Director	$0	$0	$0
B Eley	Secretary	1	Officer Director	$0	$0	$0
I Buchanan	Director	1	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$1,244,003	$1,297,322	$682,413	$-53,319
2022	$1,194,928	$1,344,997	$857,106	$-150,069
2021	$1,187,696	$1,210,528	$1,100,528	$-22,832
2020	$1,156,821	$1,163,776	$1,136,010	$-6,955

Urban Development Corporation