Overview
What is Union Miles Development Corporation?
Union Miles Development Corporation is a nonprofit organization situated in Cleveland, Ohio, with an address at 9250 Miles Park Avenue, 44105. Their primary mission is to better the living conditions within their service area, accomplishing this through community engagement, housing, and economic development initiatives. As part of their housing program, they offer lease-to-purchase options for affordable, 3-4 bedroom homes. Furthermore, they collaborate with investors and programs, such as the Cuyahoga County Land Reutilization Company (CCLRC), to facilitate property rehabilitation projects. By leveraging these efforts, Union Miles Development Corporation aims to significantly improve the lives of the residents in their community.
Official website here: www.unionmilles.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
Union Miles Development Corporation has an overall score of 83%, indicating a solid level of accountability and financial health. The organization has secured high marks in key areas, including a 100% independent board and no material diversion of assets. Additionally, it maintains a robust program expense ratio of 90.70%, highlighting a strong commitment to its mission.
However, there are notable areas for improvement. The organization lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction protocols, which may raise concerns about governance practices. Furthermore, the absence of posted financial documents on its website could impact transparency.
Overall, while Union Miles Development Corporation demonstrates a commendable financial framework and board independence, addressing the gaps in policy documentation and transparency would enhance its credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Union Miles Development Corporation legitimate?
Union Miles Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Miles 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
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Other Salaries and Wages: $337,785
For more financial information, click here
Official website here: www.unionmilles.org
What is the mission statement of Union Miles Development Corporation?
Union Miles Development Corporation's mission is centered around enhancing the quality of life in its service area. Through community engagement, the corporation focuses on improving living conditions and fostering economic growth. This is achieved primarily through housing development, offering affordable lease-purchase homes and coordinating rehabilitation opportunities for prospective owners. By doing so, Union Miles Development Corporation aims to contribute positively to the well-being and prosperity of its community.
Official website here: www.unionmilles.org
Who is the CEO of Union Miles Development Corporation?
Roshawn Sample is the Executive Director of Union Miles Development Corporation.
Official website here: www.unionmilles.org
What is the revenue of Union Miles Development Corporation?
Union Miles Development Corporation's revenue in 2023 was $967,802.
Official website here: www.unionmilles.org
Who are the executives of Union Miles Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.unionmilles.org
Where can I find the form 990 for Union Miles Development Corporation?
Union Miles Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.unionmilles.org
Learn more at the official website: www.unionmilles.org
Mission Statement of Union Miles Development Corporation
Union Miles Development Corporation, abbreviated as UMDC, is dedicated to enhancing the quality of life in its service area. This nonprofit organization achieves its goal through three primary avenues: community engagement, housing development, and economic growth. UMDC's mission is to engage with the community, work towards improving the living conditions, and stimulate economic growth within its designated area.
To fulfill its housing development objective, UMDC offers a lease-purchase program. This program provides affordable single-family homes, complete with three to four bedrooms and one to 1.5 bathrooms. This lease-to-purchase initiative offers a practical housing solution for individuals seeking a home within their means. Furthermore, UMDC collaborates with investors and rehabilitation programs to facilitate the renovation of properties. Through initiatives like the Cuyahoga County Land Reutilization Company (CCLRC) homes for sale, UMDC links prospective homeowners with investment opportunities, thus contributing to both the community's housing and economic development.
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Impact
October, 2024
Union Miles Development Corporation (UMDC) significantly enhances the quality of life in the Union Miles area through community-focused initiatives aimed at housing and economic development. By offering a lease-to-purchase program, UMDC provides affordable single-family homes with 3-4 bedrooms and 1-1.5 bathrooms, making homeownership more accessible for families in the community.
Additionally, UMDC fosters economic growth by connecting prospective homeowners and investors with rehabilitation opportunities, facilitating the renovation and revitalization of properties. This includes partnerships with programs like the Cuyahoga County Land Reutilization Company (CCLRC), enhancing the housing landscape and encouraging investment in the area.
The organization’s efforts not only improve housing standards but also engage the community, creating a collaborative environment that promotes communal well-being and sustainable development. Through these initiatives, UMDC plays a vital role in transforming the Union Miles service area, contributing to its overall improvement and resilience.
This information is meant to be a general summary of Union Miles 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 2023.
- Investment Income: $47,354
- Gross Receipts: $967,802
Assets and Liabilities:
- Total Assets: $4,287,685
- Total Liabilities: $2,210,400
- Net Assets: $2,077,285
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Organization Details
Founding Year
1981
Principal Officer
Roshawn Sample
Main Address
9250 MILES PARK AVENUE, CLEVELAND, OH, 44105
Website
www.unionmilles.orgNTEE Category
Code: S200 - Community improvement
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