Overview

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Est.

1980

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Urban Development Corporation, identified by EIN 36-3132762, is a nonprofit organization dedicated to economic development and retirement housing, specifically aimed at providing housing and social services to low-income elderly and disabled individuals. With an operating budget of $822.2K and total revenue of $1.3M for the filing year 2024, the organization effectively supports its mission without relying on a single funder for more than 50% of its revenue.

Mission Statement

Providing housing and social services to low income elderly and disabled individuals
Revenues
$1.3M
Expenses
$822.2K
Net Income:
+$514.7K
Assets
$1.1M
Liabilities
$2.3M
Net Assets:
-$1.2M
Operating Budget
$822.2K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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C
C Lyte
Board Member
E
E Ortiz
Board Member
B
B Eley
Board Member

Frequently Asked Questions

What is Urban Development Corporation’s budget?
In 2024, Urban Development Corporation reported an annual operating budget of around $822 thousand. More detailed financial information is available to registered users.
What causes does Urban Development Corporation support?
Urban Development Corporation supports work in Retirement housing and Economic development.
Where does Urban Development Corporation operate?
Urban Development Corporation is headquartered in Chicago, IL.