UNIVERSITY DISTRICT DEVELOPMENT ASSOCIAT

EIN: 911973749 501(c)(3) Community Improvement

SPOKANE, WA

Total Revenue
$421,738
Total Expenses
$420,455
Total Assets
$242,515
Net Assets
$225,367
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
WA
Principal Officer
JULIET SINISTERRA
Phone
5092558038
Tax Period
2023-01-01 to 2023-12-31

UNIVERSITY DISTRICT DEVELOPMENT ASSOCIAT, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $422K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE UNIVERSITY DISTRICT IS A PLACE WHERE BUSINESS AND EDUCATION GROW TOGETHER TO CREATE A COLLABORATIVE, HEALTHY, AND PROSPEROUS REGION. THE UNIVERSITY DISTRICT USES ITS UNIQUE CONNECTIVITY TO CREATE SHARED COMMUNITY WELLNESS AND VIBRANCY BY DEVELOPING THE INFRASTRUCTURE AND PROGRAMMING THAT ENABLE A GLOBALLY RECOGNIZED HUB OF EDUCATION, INNOVATION, RESEARCH, AND HEALTH CARE.

Program Service Accomplishments

Program 1
Expenses: $173,067 Revenue: $205,200

THE UNIVERSITY DISTRICT IS ONE OF THE FASTEST GROWING URBAN AREAS IN THE INLAND NORTHWEST. PRIVATE AND PUBLIC INVESTMENTS ARE SPURRING ECONOMIC DEVELOPMENT, BRINGING TOGETHER RESEARCH INSTITUTIONS...

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THE UNIVERSITY DISTRICT IS ONE OF THE FASTEST GROWING URBAN AREAS IN THE INLAND NORTHWEST. PRIVATE AND PUBLIC INVESTMENTS ARE SPURRING ECONOMIC DEVELOPMENT, BRINGING TOGETHER RESEARCH INSTITUTIONS, COMMERCIAL ACTIVITIES AND INTELLECTUAL CAPITAL TO DRIVE DEMAND FOR SPACE, SERVICES AND INFRASTRUCTURE. IN RESPONSE, THE UNIVERSITY DISTRICT OFFERS A DIVERSE MIX OF HIGH-QUALITY DEVELOPMENT OPTIONS AND, TOGETHER WITH THE STATE AND THE CITY OF SPOKANE, PROVIDES ACCESS TO VALUABLE DEVELOPER INCENTIVES SUCH AS PARTNERSHIP ASSISTANCE AND TARGETED AREA REDEVELOPMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $214,876
Program Service Revenue $205,200
Investment Income $1,662
Other Revenue $0
TOTAL REVENUE $421,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $247,388
Fundraising Expenses $0
Program Expenses $173,067
Other Expenses $173,067
TOTAL EXPENSES $420,455

Year-over-Year Comparison

2023 2022 Change
Revenue $421,738 $377,624 +0.1%
Expenses $420,455 $358,139 +0.2%
Net Income $1,283 $19,485 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
2
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
$130,433
Total Directors
25
$130,433
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA BARBIERI DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE BRAZIL DIRECTOR 1.00
Director
$0 $0 $0
DR KEVIN BROCKBANK DIRECTOR 1.00
Director
$0 $0 $0
DR DARYLL DEWALD DIRECTOR 1.00
Director
$0 $0 $0
EMILIE CAMERON DIRECTOR 1.00
Director
$0 $0 $0
BILL BOUTEN SECRETARY 1.00
Officer Director
$0 $0 $0
TERESA DUGGER CHAIR 1.00
Officer Director
$0 $0 $0
COLLEEN FUCHS DIRECTOR 1.00
Director
$0 $0 $0
NADINE WOODWARD DIRECTOR 1.00
Director
$0 $0 $0
DR SHARI MCMAHAN DIRECTOR 1.00
Director
$0 $0 $0
DR THAYNE MCCULLOH DIRECTOR 1.00
Director
$0 $0 $0
CHUCK MURPHY DIRECTOR 1.00
Director
$0 $0 $0
GREG REPETTI SECRETARY 1.00
Officer Director
$0 $0 $0
SCOTT MCQUILKIN DIRECTOR 1.00
Director
$0 $0 $0
ALISHA BENSON DIRECTOR 1.00
Director
$0 $0 $0
SUSAN STACEY DIRECTOR 1.00
Director
$0 $0 $0
DENNIS WAGNER DIRECTOR 1.00
Director
$0 $0 $0
AMBER WALDREF DIRECTOR 1.00
Director
$0 $0 $0
DR FRANK VELAZQUEZ DIRECTOR 1.00
Director
$0 $0 $0
ERIN WILLIAMS HUETER DIRECTOR 1.00
Director
$0 $0 $0
LATISHA HILL DIRECTOR 1.00
Director
$0 $0 $0
LINDSEY MYHRE TREASURER 1.00
Officer Director
$0 $0 $0
KATY SHEEHAN DIRECTOR 1.00
Director
$0 $0 $0
JULIET SINISTERRA CEO 40.00
Officer Director
$0 $0 $130,433
BREEAN BEGGS PRESIDENT 1.00
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 $421,738 $420,455 $242,515 $1,283
2022 $377,624 $358,139 $229,328 $19,485
2021 $377,784 $360,142 $227,578 $17,642
2020 $398,348 $341,342 $198,530 $57,006
2019 $260,474 $266,019 $140,881 $-5,545
2018 $338,054 $332,406 $149,967 $5,648
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