Urban Development Corporation

Chicago, IL
Tax-exempt since Aug. 2019
EIN: 36-3132762

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$1.19M (2022)

Expenses

$1.34M (2022)

Total Assets

$857k (2022)

Total Liabilities

$2.45M (2022)

Years with missing data

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2022

Revenue

$1,194,928

Expenses

$1,344,997

Net Income

-$150,069

Net Assets

-$1,591,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,192,849	99.8%
Investment Income	$237	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,842	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$36,840	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$246,917	18.4%

Assets/Debt
Total Assets	$857,106
Total Liabilities	$2,448,260
Net Assets	-$1,591,154

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Ida Buchanan (Director)	$36,840	$0	$0
E Ortiz (Director)	$75	$0	$0
Alvin Robinson (President)	$0	$0	$0
David Rudd (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2021

Revenue

$1,187,696

Expenses

$1,210,528

Net Income

-$22,832

Net Assets

-$1,415,063

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,177,579	99.1%
Investment Income	$138	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,979	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$184,173	15.2%

Assets/Debt
Total Assets	$1,100,528
Total Liabilities	$2,515,591
Net Assets	-$1,415,063

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
E Ortiz (Director)	$9,000	$0	$0
Ida Buchanan (Director)	$6,992	$0	$0
Alvin Robinson (President)	$0	$0	$0
David Rudd (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2020

Revenue

$1,156,821

Expenses

$1,163,776

Net Income

-$6,955

Net Assets

-$1,392,231

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,155,302	99.9%
Investment Income	$98	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,421	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$244,992	21.1%

Assets/Debt
Total Assets	$1,136,010
Total Liabilities	$2,528,241
Net Assets	-$1,392,231

Compensation

Key Employees and Officers	Compensation	Related	Other
Alvin Robinson (President)	$0	$0	$0
Corbin Adams (Director)	$0	$0	$0
Cynthia Cooper (Director)	$0	$0	$0

990

Filed on Dec. 20, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,136,224

Expenses

$1,216,747

Net Income

-$80,523

Net Assets

-$1,385,277

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$953,059	83.9%
Program Services	$0
Investment Income	$7	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$180,973	15.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,192	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$246,133	20.2%

Assets/Debt
Total Assets	$1,229,606
Total Liabilities	$2,614,883
Net Assets	-$1,385,277

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but financial documents are available for download.

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2017

Revenue

$1,106,155

Expenses

$1,099,976

Net Income

$6,179

Net Assets

-$1,330,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$928,079	83.9%
Program Services	$0
Investment Income	$132	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$175,959	15.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,985	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$185,764	16.9%

Assets/Debt
Total Assets	$1,459,516
Total Liabilities	$2,790,323
Net Assets	-$1,330,807

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2016

Revenue

$1,093,530

Expenses

$1,116,848

Net Income

-$23,318

Net Assets

-$1,336,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$913,046	83.5%
Program Services	$0
Investment Income	$125	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$177,444	16.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,915	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$170,450	15.3%

Assets/Debt
Total Assets	$1,515,719
Total Liabilities	$2,852,705
Net Assets	-$1,336,986

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2015

Revenue

$1,004,383

Expenses

$1,073,335

Net Income

-$68,952

Net Assets

-$1,307,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$864,869	86.1%
Program Services	$0
Investment Income	$143	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$135,883	13.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,488	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$175,489	16.3%

Assets/Debt
Total Assets	$1,609,523
Total Liabilities	$2,917,360
Net Assets	-$1,307,837

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2014

Revenue

$52,064

Expenses

$55,110

Net Income

-$3,046

Net Assets

-$1,244,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,158	88.7%
Investment Income	$6	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,700	3.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,200	8.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,178	38.4%

Assets/Debt
Total Assets	$1,737,177
Total Liabilities	$2,981,954
Net Assets	-$1,244,777

Compensation

Key Employees and Officers	Compensation	Related	Other
Alvin Robinson (President)	$0	$0	$0
David Rudd (Director)	$0	$0	$0
Ida Buchanon (Director)	$0	$0	$0
Cynthia Cooper (Treasurer)	$0	$0	$0

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990

Filed on Nov. 17, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$1,062,524

Expenses

$1,111,046

Net Income

-$48,522

Net Assets

-$1,241,704

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$866,516	81.6%
Program Services	$28,311	2.7%
Investment Income	$176	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$164,708	15.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,813	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$239,459	21.6%

Assets/Debt
Total Assets	$1,754,712
Total Liabilities	$2,996,416
Net Assets	-$1,241,704

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2012

Revenue

$1,044,187

Expenses

$1,152,101

Net Income

-$107,914

Net Assets

-$1,226,492

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$845,271	81.0%
Program Services	$181,526	17.4%
Investment Income	$214	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,176	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$14,192	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$254,779	22.1%

Assets/Debt
Total Assets	$1,805,986
Total Liabilities	$3,032,478
Net Assets	-$1,226,492

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2011

Revenue

$1,056,994

Expenses

$1,140,226

Net Income

-$83,232

Net Assets

-$1,149,076

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$862,492	81.6%
Program Services	$37,968	3.6%
Investment Income	$268	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$155,895	14.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$371	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$229,575	20.1%

Assets/Debt
Total Assets	$1,918,626
Total Liabilities	$3,067,702
Net Assets	-$1,149,076

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated October 30, 2024

Urban Development Corporation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $1.19M (2022)

Expenses $1.34M (2022)

Total Assets $857k (2022)

Total Liabilities $2.45M (2022)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

No Document Links

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Dec. 2008

No Extracted Financial Data

Revenue

$1.19M (2022)

Expenses

$1.34M (2022)

Total Assets

$857k (2022)

Total Liabilities

$2.45M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

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2019

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2018

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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