UDI Community Development Corporation (EIN 561072965) - 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

1974

Legal Domicile

Principal Officer

William V Bell

Phone

9195444597

Tax Period

2022-01-01 to 2022-12-31

UDI Community Development Corporation, founded in 1974, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $7.1M represent 76 months of operating reserves.

Mission

Encourage and facilitate economic and community development in Durham, NC. To raise the economic welfare of low-income and underprivileged residents of Durham, NC. Maintain industrial park facilities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $235,797

Program Service Revenue $885,286

Investment Income $496

Other Revenue $0

TOTAL REVENUE $1,121,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,569

Fundraising Expenses $0

Program Expenses $666,867

Other Expenses $984,059

TOTAL EXPENSES $1,166,628

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,121,579	$1,013,226	+0.1%
Expenses	$1,166,628	$1,057,219	+0.1%
Net Income	$-45,049	$-43,993	+0.0%

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
Albernard Bass	Chairman	002.00	Officer Director	$0	$0	$0
Michael Palmer	Vice Chairman	001.00	Officer Director	$0	$0	$0
Walter Don Harrington	Treasurer	001.00	Officer Director	$0	$0	$0
Mayme Webb-Bledsoe	Secretary	000.50	Officer Director	$0	$0	$0
Wendell Davis	Director	000.50	Director	$0	$0	$0
Larry Yon II	Director	000.50	Director	$0	$0	$0
Melvin Davis	Director	000.50	Director	$0	$0	$0
Jonathan Peterson	Director	000.50	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	No data	No data	No data	No data
2022	$1,121,579	$1,166,628	$9,344,908	$-45,049
2021	$1,013,226	$1,057,219	$9,165,763	$-43,993
2020	$1,130,941	$1,181,470	$9,343,906	$-50,529
2019	$1,002,880	$1,142,296	$9,420,362	$-139,416
2018	$791,953	$1,076,820	$9,638,766	$-284,867

UDI Community Development Corporation