Overview
What is United Nations Development Corporation?
The United Nations Development Corporation is a nonprofit organization based in New York City, specifically at TWO UN PLAZA 27th Floor. Established for the United Nations community, its mission is to plan, develop, and operate facilities to accommodate the current and future needs of the United Nations, its missions, and related programs. By accomplishing this mission, the corporation assists the UN community in meeting their real estate requirements and provides real estate advice, services, and studies upon request from the UN, City or State of New York, or the United States. The corporation has a workforce of 11 employees dedicated to achieving these objectives within a United Nations Development District adjacent to the United Nations Headquarters.
Official website here: www.undc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The United Nations Development Corporation has achieved a remarkable score of 96%, indicating a strong commitment to accountability and finance. This rating reflects a thorough evaluation of its governance and operational practices, with the organization earning full points in various metrics such as board independence and financial oversight. The organization operates with an entirely independent board, which enhances its credibility and ensures decisions are made in the best interest of its mission.
Financial health is another area of strength for the United Nations Development Corporation, as evidenced by a program expense ratio of 90.71%. This means that a significant portion of its resources is directed towards programmatic activities, demonstrating effective use of funds to support its charitable goals. Additionally, the organization has a solid liabilities-to-assets ratio of 21.53%, indicating sound financial stability and management practices.
No significant limitations were reported in the feedback, suggesting that the organization has robust policies in place, including conflict of interest and whistleblower protections. Overall, the organization appears to be well-managed and capable of fulfilling its mission effectively, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is United Nations Development Corporation legitimate?
United Nations Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Nations 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: $1,063,777
Professional Fundraising Fees: $0
Other Salaries and Wages: $312,290
For more financial information, click here
Official website here: www.undc.org
What is the mission statement of United Nations Development Corporation?
The United Nations Development Corporation serves the purpose of catering to the needs of the United Nations, its missions, and related programs. Its mission encompasses providing essential facilities and offering real estate assistance to help the UN community thrive. The Corporation develops and operates office and other facilities, as well as offers advice, services, and studies upon request from the UN, the city or state of New York, or the United States. The ultimate goal is to support the UN community in accomplishing its objectives and ensuring the smooth functioning of UN-related activities.
Official website here: www.undc.org
Who is the CEO of United Nations Development Corporation?
Robert Cole is the Principal Officer of United Nations Development Corporation.
Official website here: www.undc.org
What is the revenue of United Nations Development Corporation?
United Nations Development Corporation's revenue in 2022 was $46,322,303.
Official website here: www.undc.org
Who are the executives of United Nations Development Corporation and what are their salaries?
The average compensation at United Nations Development Corporation during 2022 was $125,097. There are 11 employees and 14 volunteers at United Nations Development Corporation.
Here are 24 key members and their salaries:
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- Compensation: $114,315
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- Other: $41,519
Official website here: www.undc.org
Where can I find the form 990 for United Nations Development Corporation?
United Nations Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.undc.org
Learn more at the official website: www.undc.org
Mission Statement of United Nations Development Corporation
The United Nations Development Corporation (UNDC) was established with a mission to plan and develop facilities for United Nations-related activities within a defined district adjacent to the United Nations Headquarters in New York City. The primary objective of the UNDC is to cater to the current and future needs of the United Nations (UN), its missions, and UN-related programs, collectively referred to as the "UN Community." In doing so, the UNDC provides essential office and other facilities to support the UN Community's endeavors.
Beyond its role as a real estate provider, the UNDC also extends assistance to the UN Community in addressing their real estate requirements. This support is requested by various entities, including the UN, the City or State of New York, and the United States. The UNDC's multifaceted mission aims to help the city and state of New York fulfill their responsibilities as hosts to the UN Community, while also contributing to the benefit of the organization as a whole. Through the development and operation of office and other facilities, as well as the provision of real estate advice, services, and studies upon request, the UNDC plays a crucial role in ensuring the UN Community has the necessary resources to thrive and make a positive impact globally.
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Impact
October, 2024
The United Nations Development Corporation plays a pivotal role in facilitating the operations of the United Nations and its related entities in New York City. By planning and developing essential office and other facilities within a defined United Nations Development District adjacent to the UN headquarters, it ensures that the infrastructure meets both current and future needs of the UN community.
This impact is twofold: firstly, it provides the needed spaces for the UN missions and related programs, allowing them to function effectively in their pursuit of global peace and development. Secondly, the Corporation offers real estate advice and services to the UN and local governments, enhancing collaboration and ensuring that the UN community can operate smoothly within the city.
Through its efforts, the United Nations Development Corporation not only supports the day-to-day activities of international diplomacy but also contributes to the wider mission of the UN in addressing global challenges, thereby strengthening New York's position as a vital hub for international cooperation.
This information is meant to be a general summary of United Nations 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.
- Investment Income: $533,246
- Program Service Revenue: $45,789,057
- Gross Receipts: $46,322,303
Assets and Liabilities:
- Total Assets: $196,546,817
- Total Liabilities: $42,330,484
- Net Assets: $154,216,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENTAL-OFFICE SPACE
Revenue
$42,854,840
INTEREST-LEASES
Revenue
$1,498,069
OTHER INCOME- INCOME TOWER
Revenue
$1,335,134
LANDLORD FEES
Revenue
$101,014
Organization Details
Founding Year
1968
Phone
(212) 888-1618Principal Officer
Robert Cole
Main Address
TWO UN PLAZA 27TH FLOOR, NEW YORK, NY, 100174403
Website
www.undc.orgNTEE Category
Code: Q420 - International
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