Ujima Community Developmentcorporation
Ujima Community Development Corporation shows significant asset growth but maintains high liabilities relative to assets.
EIN: 203947143 · Winston Salem, NC · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $639K |
| Total Expenses | $710K |
| Program Spending | 80% |
| Net Assets | $138K |
| Transparency Score | 70/100 |
Is Ujima Community Developmentcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ujima Community Developmentcorporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ujima Community Developmentcorporation
Ujima Community Developmentcorporation (EIN: 203947143) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code L22. The organization reported total revenue of $639K and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ujima Community Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ujima Community Developmentcorporation is a small nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $705K |
| Total Expenses | $710K |
| Surplus / Deficit | $-4,466 |
| Total Assets | $6.8M |
| Total Liabilities | $6.6M |
| Net Assets | $138K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 98.0% |
| Months of Reserves | 114.3 months |
Financial Health Grade: C
In 2023, Ujima Community Developmentcorporation reported a deficit of $4K with expenses exceeding revenue, holds 114.3 months of operating reserves (strong position), has a debt-to-asset ratio of 98.0% (high leverage).
Financial Trends
Over 6 years of filings (2013–2023), Ujima Community Developmentcorporation's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.7% | +22.5% | +1.2% |
| 2022 | +4.8% | +8.6% | +21.6% |
| 2021 | +15.7% | -8.1% | -2.2% |
| 2020 | -9.6% | +123.3% | -1.6% |
| 2019 | +427.2% | +209.6% | +3482.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ujima Community Developmentcorporation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ujima Community Developmentcorporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not categorized as officer compensation, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ujima Community Developmentcorporation's IRS 990 filings:
- High liabilities relative to assets, consistently close to total asset value (e.g., $6,622,679 liabilities vs. $6,760,587 assets in 2023), which could indicate significant debt or restricted funds.
- Expenses slightly exceeded revenue in 2023 ($709,878 vs $705,412), continuing a trend from 2022 and 2021, suggesting potential operational deficits if not managed.
Strengths
The following positive indicators were identified for Ujima Community Developmentcorporation:
- Significant asset growth over the past decade, from $159,245 in 2013 to $6,760,587 in 2023, indicating increased capacity.
- Consistent reporting of 0% officer compensation across all filings, suggesting efficient use of funds at the executive level.
- Consistent filing history (6 filings), demonstrating transparency and compliance with IRS requirements.
Frequently Asked Questions about Ujima Community Developmentcorporation
Is Ujima Community Developmentcorporation a legitimate charity?
Ujima Community Developmentcorporation (EIN: 203947143) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 70/100. It has 6 years of IRS 990 filings on record. Total revenue: $639K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Ujima Community Developmentcorporation spend its money?
Ujima Community Developmentcorporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ujima Community Developmentcorporation tax-deductible?
Ujima Community Developmentcorporation is registered as a tax-exempt nonprofit (EIN: 203947143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ujima Community Developmentcorporation's spending goes to programs?
Ujima Community Developmentcorporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ujima Community Developmentcorporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Ujima Community Developmentcorporation is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ujima Community Developmentcorporation located?
Ujima Community Developmentcorporation is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 203947143. It is classified under NTEE code L22.
How many years of IRS 990 filings does Ujima Community Developmentcorporation have?
Ujima Community Developmentcorporation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $639K in total revenue.
What is the nature of Ujima Community Development Corporation's significant liabilities?
The filings consistently show liabilities very close to total assets (e.g., $6,622,679 liabilities vs. $6,760,587 assets in 2023). Understanding if these are program-related debts, restricted funds, or other obligations is crucial for assessing financial risk and flexibility.
How does Ujima Community Development Corporation fund its operations given 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means. Further inquiry into staffing and compensation structures would clarify operational funding.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency and ensure a high percentage of funds are directed towards programs. This information is vital for a comprehensive financial analysis.
Filing History
IRS 990 filing history for Ujima Community Developmentcorporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2013–2023), Ujima Community Developmentcorporation's revenue has grown by 695.3%, moving from $89K to $705K. Total assets increased by 4145.4% over the same period, from $159K to $6.8M. Total functional expenses rose by 745.5%, from $84K to $710K. In its most recent filing year (2023), Ujima Community Developmentcorporation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $6.6M in liabilities against $6.8M in assets (debt-to-asset ratio: 98.0%), resulting in net assets of $138K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $705K | $710K | $6.8M | $6.6M | — | — |
| 2022 | $512K | $580K | $6.7M | $6.5M | — | View 990 |
| 2021 | $489K | $534K | $5.5M | $5.3M | — | View 990 |
| 2020 | $423K | $581K | $5.6M | $5.4M | — | — |
| 2019 | $468K | $260K | $5.7M | $5.3M | — | View 990 |
| 2013 | $89K | $84K | $159K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $705K, expenses of $710K, and assets of $6.8M (revenue +37.7% year-over-year).
- 2022: Revenue of $512K, expenses of $580K, and assets of $6.7M (revenue +4.8% year-over-year).
- 2021: Revenue of $489K, expenses of $534K, and assets of $5.5M (revenue +15.7% year-over-year).
- 2020: Revenue of $423K, expenses of $581K, and assets of $5.6M (revenue -9.6% year-over-year).
- 2019: Revenue of $468K, expenses of $260K, and assets of $5.7M (revenue +427.2% year-over-year).
- 2013: Revenue of $89K, expenses of $84K, and assets of $159K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ujima Community Developmentcorporation:
Data Sources and Methodology
This transparency report for Ujima Community Developmentcorporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.