Overview
What is Union Development Corporation?
Union Development Corporation is a nonprofit organization based in Dallas, Texas, with a postal address of PO Box 224486. Their primary mission is to foster unity within the community, focusing on racial relations, law enforcement relationships, and community building. They accomplish this through various initiatives, including dialogues, relationship-building events, youth activities, and public education. One of their notable projects is the annual signature fundraising concert and awards event, Together We Sing, which exceeded its $250,000 goal by 3%. With a workforce of 4 employees, Union Development Corporation strives to create a more united and harmonious community.
Official website here: www.projectunity.net
What are the reviews and ratings of this charity?
Charity Navigator rating: One-Star out of Four Stars (52%).
Union Development Corporation has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. Key issues include a lack of independent board members and missing essential governance policies, such as conflict of interest and whistleblower policies. The absence of financial statements and documentation of board meeting minutes further contributes to the organization’s low score.
Despite these limitations, Union Development Corporation does demonstrate a reasonable program expense ratio of 77.58%, suggesting that it allocates a substantial portion of its resources toward its programs. Additionally, its liabilities to assets ratio is healthy at 6.47%, which reflects a manageable level of debt relative to its assets. However, the overall lack of transparency raises concerns about the organization's governance and operational integrity.
To improve its standing, Union Development Corporation would benefit from addressing the gaps in its governance policies and enhancing the transparency of its financial practices. Engaging independent board members and ensuring proper documentation could significantly enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Union Development Corporation legitimate?
Union Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,869
For more financial information, click here
Official website here: www.projectunity.net
What is the mission statement of Union Development Corporation?
The Union Development Corporation's mission is centered around bridging divisions within the community, particularly focusing on race relations and law enforcement relations. Their primary objective is to foster a stronger, more unified community through dialogue, relationship-building events, youth activities, and public education. The corporation hosts an annual fundraising concert and awards event, "Together We Sing," which exceeded its fundraising goal, demonstrating their commitment to this mission.
Official website here: www.projectunity.net
Who is the CEO of Union Development Corporation?
Eric Ochel is the Treasurer of Union Development Corporation.
Official website here: www.projectunity.net
What is the revenue of Union Development Corporation?
Union Development Corporation's revenue in 2022 was $809,977.
Official website here: www.projectunity.net
Who are the executives of Union Development Corporation and what are their salaries?
The average compensation at Union Development Corporation during 2022 was $88,717. There are 4 employees at Union Development Corporation.
Here are 7 key members and their salaries:
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Official website here: www.projectunity.net
Where can I find the form 990 for Union Development Corporation?
Union Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.projectunity.net
Learn more at the official website: www.projectunity.net
Mission Statement of Union Development Corporation
Union Development Corporation, a nonprofit organization, is committed to bridging divides within the community. Its mission focuses on three key areas: fostering better race relations, improving relations between law enforcement and citizens, and promoting community building and awareness. To achieve this, the corporation organizes dialogue sessions, relationship-building events, youth activities, and public education initiatives. These efforts aim to create a stronger, more united community.
One of Union Development Corporation's flagship events is the annual Together We Sing concert and awards event, held at the Meyer H. Morton Symphony Center. This event serves as a significant fundraising opportunity, with Union Development Corporation surpassing its $250,000 fundraising goal by 3%. These funds contribute to the organization's ongoing efforts to promote unity and understanding within the community.
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Impact
July, 2024
Union Development Corporation's impact can be seen in the meaningful progress it has made towards bridging divides in the community. Through its dialogue, relationship building events, youth activities, and public education initiatives, the organization has been instrumental in fostering unity and understanding, particularly in the context of racial relations and interactions between law enforcement and citizens. The success of their signature fundraising concert, Together We Sing, which exceeded its fundraising goal, highlights the community's support for their mission. By focusing on human services and promoting community building and awareness, Union Development Corporation is actively working towards a stronger, more united community in Dallas, TX.
This information is meant to be a general summary of Union Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $809,977
Assets and Liabilities:
- Total Assets: $548,181
- Total Liabilities: $35,513
- Net Assets: $512,668
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Organization Details
Founding Year
2012
Phone
(469) 779-7121Principal Officer
Eric Ochel
Main Address
PO Bbox 224486, Dallas, TX, 75222
Website
www.projectunity.netNTEE Category
Code: P28 - Human services
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