Overview
What is Urban Neighborhood Development Corp?
Urban Neighborhood Development Corp (UNDC) is a nonprofit organization administered by the Department of Planning & Urban Development. Their primary mission is to revitalize and improve inner-city areas by promoting private home investment. They achieve this by constructing new single-family homes on scattered sites around the city, particularly in areas where dilapidated structures have been demolished. The objective is to revitalize blighted neighborhoods and establish a new housing market for moderate and middle-income families. UNDC typically builds homes with at least three bedrooms, 1.5 bathrooms, a living room, family room, and a 2-car garage, priced at market value. Community development funds are used for houses sold to low and moderate-income families, while available grants and Neighborhood Stabilization Program funds are utilized for housing with buyer assistance. Since its inception, UNDC has built over 400 new homes.
Official website here: www.akronohio.gov
Is Urban Neighborhood Development Corp legitimate?
Urban Neighborhood Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Neighborhood Development Corp 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.
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Official website here: www.akronohio.gov
What is the mission statement of Urban Neighborhood Development Corp?
The Urban Neighborhood Development Corp, as a mission, is dedicated to revitalizing and improving inner city areas. This is achieved by encouraging private home investment and construction of new homes for moderate and middle-income families. The corporation aims to stabilize or even increase property values in the neighborhoods they build in. They accomplish this by constructing new single-family homes on previously blighted lots, returning these areas to a stabilized housing market. New homes typically feature three bedrooms, 1.5 bathrooms, a living room, family room, and a 2-car garage. When selling homes to low and moderate income families, they utilize community development funds, grants, and other neighborhood stabilization program funds with buyer assistance.
Official website here: www.akronohio.gov
Who is the CEO of Urban Neighborhood Development Corp?
Frederick Wheat is the Trustee of Urban Neighborhood Development Corp.
Official website here: www.akronohio.gov
What is the revenue of Urban Neighborhood Development Corp?
Urban Neighborhood Development Corp's revenue in 2022 was $10.
Official website here: www.akronohio.gov
Who are the executives of Urban Neighborhood Development Corp and what are their salaries?
There 5 volunteers at Urban Neighborhood Development Corp.
Here are 6 key members and their salaries:
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Official website here: www.akronohio.gov
Where can I find the form 990 for Urban Neighborhood Development Corp?
Urban Neighborhood Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.akronohio.gov
Learn more at the official website: www.akronohio.gov
Mission Statement of Urban Neighborhood Development Corp
The Urban Neighborhood Development Corp (UNDC) is a non-profit organization with a mission to revitalize and improve inner cities. This mission extends beyond aesthetic improvements; it also aims to encourage private home investment. By constructing new single-family homes on scattered sites around the city, UNDC promotes the revitalization of urban neighborhoods. These new homes are designed for moderate and middle-income families, offering them a chance to live in a stable and improved neighborhood.
UNDC's approach to urban revitalization is unique. It typically builds new homes on lots where dilapidated structures have been demolished, transforming previously blighted neighborhoods into thriving new housing markets. The new homes constructed by UNDC are priced at market value and feature at least three bedrooms, 1.5 bathrooms, a living room, a family room, and a two-car garage. The organization also utilizes community development funds, grants, and Neighborhood Stabilization Program funds to build new housing with buyer assistance, ensuring that low and moderate-income families can also benefit from its initiatives.
In summary, the Urban Neighborhood Development Corp (UNDC) is a mission-driven organization dedicated to improving inner city neighborhoods. It achieves this by constructing new homes for moderate and middle-income families, revitalizing blighted areas, and providing housing opportunities for low and moderate-income families. Through its strategic use of funds and development initiatives, UNDC is making a significant impact in urban neighborhoods, fostering investment and community growth.
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Impact
October, 2024
Urban Neighborhood Development Corp (UNDC) has had a transformative impact on the inner city of Akron, Ohio. By focusing on the revitalization and improvement of urban neighborhoods, UNDC has successfully encouraged private home investment while promoting stability in previously blighted areas.
Since its inception, UNDC has constructed over 400 new single-family homes on strategically selected sites, where dilapidated structures have been removed. This redevelopment not only provides modern housing options for moderate and middle-income families but also contributes to the overall enhancement of the community, fostering a sense of pride among residents. Each home is designed to meet the needs of families with features like multiple bedrooms, modern amenities, and garages, making them attractive options for potential buyers.
Through the use of community development funds, UNDC has also been able to assist low and moderate-income families in purchasing homes, ensuring broader accessibility to quality housing. The organization's efforts have played a crucial role in stabilizing and even increasing property values in the neighborhoods they serve, leading to a more vibrant and economically viable urban environment. Overall, UNDC’s work has not only redefined the housing landscape in Akron but has also inspired a renewed confidence in the future of its urban communities.
This information is meant to be a general summary of Urban Neighborhood Development Corp. 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: $10
- Gross Receipts: $10
Assets and Liabilities:
- Total Assets: $264,998
- Total Liabilities: $20,460
- Net Assets: $244,538
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Organization Details
Founding Year
1978
Phone
(330) 375-2133Principal Officer
Frederick Wheat
Main Address
166 S HIGH STREET ROOM 400, AKRON, OH, 44308
Website
www.akronohio.govNTEE Category
Code: L25 - Housing
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