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Urban Neighborhood Development Corporation

Urban Neighborhood Development Corporation

Akron, OH 44308
Tax ID34-1301009

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About this organization

Revenue

$341,966

Expenses

$253,603

Website

akronohio.gov

Mission

Revitalize and improve the inner city and encourage private home investment.

About

The Urban Neighborhood Development Corporation (UNDC) is a non-profit corporation administered by the Department of Planning & Urban Development, which contracts and oversees the construction of new single-family homes on scattered sites around the city. The objective is to promote the revitalization of the urban neighborhoods through new private market housing for moderate and middle-income families. The UNDC typically builds new homes on lots where dilapidated structures have been demolished, returning previously blighted neighborhoods to a stabilized new housing market area. The new homes are generally priced at market value. Each new home features at least 3 bedrooms, 1-1/2 baths, living room, family room, and a 2-car garage. Community development funds are used for UNDC houses sold to low and moderate income families. UNDC also utilizes available grants and neighborhood stabilization program funds to build new housing with buyer assistance. Since inception, the UNDC has built over 400 new homes.

Interesting data from their 2020 990 filing

In the filing, the mission of the non-profit is noted as “Revitalize and improve the inner city and encourage private home investment as well as stabilize or even help increase the property values of the neighborhoods we build in.”.

When referring to its responsibilities, they were outlined as: “Revitalize and improve the inner city and encourage private home investment.”.

  • The state in which the non-profit is legally registered to operate is OH, as per legal records.
  • The filing documents the non-profit's address in 2020 as 166 S HIGH STREET ROOM 400, AKRON, OH, 44308.
  • According to the non-profit's form, they have 0 employees on their payroll as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $250,000 and $500,000.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is $88,363.
  • The CEO compensation strategy within the organization is not based on a review and approval from an impartial entity.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 4 independent voting members.
  • The organization was formed in 1979.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.

Additional Non-Profits in the area

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