Urban Development Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 3,622 | 2,880 | 742 | 3.1 | — |
| 2016 | 186,669 | 182,701 | 3,968 | -0.3 | — |
| 2017 | 217,881 | 212,197 | 5,684 | 0.0 | — |
| 2018 | 600,749 | 490,808 | 109,941 | 2.7 | 30% |
| 2019 | 55,167 | 151,171 | −96,004 | 1.2 | — |
| 2020 | 43,897 | 40,437 | 3,460 | 5.4 | 0% |
| 2021 | 119,771 | 85,846 | 33,925 | 4.7 | 66% |
| 2022 | 42,763 | 49,525 | −6,762 | 6.6 | 4% |
| 2023 | 294,927 | 346,432 | −51,505 | -0.1 | 65% |
In its most recent public year (2023), this organization spent $51,505 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.1 months), down from 3.1 in 2015. Staff pay was 65% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Urban Development Center Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works