Overview
What is Urban Residential Development Corporation?
Urban Residential Development Corporation is a nonprofit organization based in Atlanta, Georgia, specifically located at 72 Soloman Street Ste 100, GA 30312. Their primary mission is to provide affordable housing and rental assistance to low-income recipients, ensuring that approximately 150 individuals have access to suitable living conditions. With a small team of four dedicated employees, this corporation plays a crucial role in addressing housing needs within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%
Urban Residential Development Corporation has received a Two-Star out of Four Star rating from Charity Navigator due to a score of 64%. This rating reflects a mix of strengths and significant weaknesses in the organization's accountability and financial practices.
The organization excels in several areas, including having a majority independent board and strong program expense ratios, indicating effective allocation of funds towards its mission. It also implements essential governance policies such as conflict of interest and whistleblower policies, which contribute to operational transparency and integrity.
However, the nonprofit's financial health raises concerns, as evidenced by a high liabilities-to-assets ratio of 148.44%, which indicates potential financial instability. Additionally, the absence of its tax form on the website and missing website information on the tax form suggests a lack of accessibility to crucial financial documents, which can hinder transparency for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Urban Residential Development Corporation legitimate?
Urban Residential Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Residential 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: $142,367
For more financial information, click here
What is the mission statement of Urban Residential Development Corporation?
The Urban Residential Development Corporation is committed to providing affordable housing solutions. Their primary mission is to assist low-income individuals by offering them suitable housing opportunities. They have successfully accommodated approximately 150 recipients in their affordable housing units. The corporation's mission extends beyond just providing housing, as they strive to contribute positively to the lives of their residents.
Who is the CEO of Urban Residential Development Corporation?
Dustin Reed is the Principal Officer of Urban Residential Development Corporation.
What is the revenue of Urban Residential Development Corporation?
Urban Residential Development Corporation's revenue in 2020 was $602,574.
Who are the executives of Urban Residential Development Corporation and what are their salaries?
The average compensation at Urban Residential Development Corporation during 2020 was $35,592. There are 4 employees at Urban Residential Development Corporation.
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Where can I find the form 990 for Urban Residential Development Corporation?
Urban Residential Development Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Urban Residential Development Corporation
Urban Residential Development Corporation, as its name suggests, is committed to providing affordable housing solutions for low-income individuals. Its mission lies in offering rental assistance to this specific demographic, aiming to house approximately 150 recipients. The corporation focuses on making housing accessible and affordable, thereby contributing to the well-being of its residents. By providing low-income housing, Urban Residential Development Corporation plays a significant role in addressing housing inequality and ensuring that individuals and families in need have a roof over their heads. The corporation's mission is essential in fostering a sense of stability and security within the community, ultimately contributing to overall well-being and quality of life.
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Impact
July, 2024
Urban Residential Development Corporation's impact is significant in providing affordable housing and rental assistance to low-income recipients in Atlanta, Georgia. They have been able to offer low-income housing to approximately 150 recipients, making a tangible difference in the lives of individuals and families struggling to secure adequate housing. Their commitment to their mission of providing low-income housing underscores the importance of their work in addressing housing needs within the community.
This information is meant to be a general summary of Urban Residential 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 2020.
- Investment Income: $1
- Program Service Revenue: $541,217
- Gross Receipts: $602,574
Assets and Liabilities:
- Total Assets: $3,212,814
- Total Liabilities: $4,769,535
- Net Assets: -$1,556,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY SUBSIDY
Revenue
$368,954
TENANT RENTAL INCOME
Revenue
$103,748
SHELTER PLUS CARE
Revenue
$43,715
RENT SUBSIDY SHEL PLUS
Revenue
$17,600
RENTAL HOUSING INCOME
Revenue
$7,200
Organization Details
Founding Year
1987
Phone
(404) 522-6010Principal Officer
Dustin Reed
Main Address
72 SOLOMAN STREET Ste 100, Atlanta, GA, 30312
NTEE Category
Code: L200 - Housing
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